Shrikant Kejriwal, Mumbai
Q: When the project will complete? Has builder got all the permissions? Do you have any idea? -Sasmira

My comments to replies
Hi all, Is it true that after waiting for over 3 yrs to gain possession of their flats, home buyers of a LBS Marg, Kurla project have filed an FIR for failing to give possession to people who bought flats in their Premier Residences project after taking full payment from them? I am planning to buy a resale flats in it. Will it be a right decision? I need your advice?
True Chintak, HDIL promised possession by 2010, but most buyers claim they have not been given possession. In January 2014, around 400 buyers protested the delay at HDIL's head office in Bandra (E), and in February, a flat owner filed a written complaint with the police after talks with the company failed.
25th June 2015

Q: Why the builders are not interested in developing the affordable housing projects?

My comments to replies
You all are right but now the affordable homes in Mumbai may not be a distant dream. As Maharashtra Government has been concerned on giving affordable housing. As per the the Maharashtra government, they will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Maharashtra CM was speaking at a conference on "Vision Maharashtra - Housing For All by 2022" organized by National Real Estate Development Council. As per the Maharashtra CM, they have taken this issue very seriously and are fully commited to apply it. Govt. will make the laws versatile and he am ready to face criticism.
23rd April 2015

Q: Today we visited the site... but dumping ground smell was bothering us.... liked the project. But because of that dirty smell we are in two minds.
My comments to replies
Hi, To get more details of resale properties in Raunak City Phase-1 click the link 1/2BHK for sale in Raunak City Ph-1 Or, To get best deal on your selected property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
I think Dev is Right, Founded in 1981, Raunak Group is one of the forerunners in the world of real estate. Their love for creating homes and dedication to excellence has helped them to provide a lifetime of happiness to their customers. Raunak Group has developed more than 20 lakh sq-ft of projects at prime locations in Mumbai, Pune and Thane. They have successfully completed more than 15 projects in Mumbai.
16th April 2015

Q: What is the status of OC? And what is the possession date as per registered agreement copy with builder?

My replies to this discussion
Hi Rajesh, as per my knowledge it should be completed by mid of last year. The guys also don''t respond as in what is happening. Please do update me if any new changes come up.Hi Rajesh, as per my knowledge it should be completed by mid of last year. The guys also don''t respond as in what is happening. Please do update me if any new changes come up.
Q: I heard a new township by Ambani is coming up in Navi Mumbai. What are the other details about the project. Please let me know.

My replies to this discussion
Also, in the vicinity is a sealink connecting Sewri to Ulwe whose funds have been recently sanctioned. The proposed eastern freeway and sea link will reduce the commuting time.Also, in the vicinity is a sealink connecting Sewri to Ulwe whose funds have been recently sanctioned. The proposed eastern freeway and sea link will reduce the commuting time.
Q: I have booked flat in Tiera B. I have a doubt on completion of project by April '13. Does any one know the delay. There is no communication from Builder. The builder is very prompt in asking money but very slow in providing status.
My replies to this discussion
Hi Everybody....... Is it true that Lodha has stopped marketing of The Rise and Casa Paseo project and has turned back to Casa Rio Gold. So is this a set back for him and a consideration that no one will book in its future projects till existing one's are delivered?Hi Everybody....... Is it true that Lodha has stopped marketing of The Rise and Casa Paseo project and has turned back to Casa Rio Gold. So is this a set back for him and a consideration that no one will book in its future projects till existing one's are delivered?
Q: I want resident plot in Shiv Ganesh Apartments virar (E). Please contact.
My replies to this discussion
Mr Namdev, they have apartments for sale. What is you budget??Mr Namdev, they have apartments for sale. What is you budget??
Q: I am interested in investing in this project ( HEX WORLD-Kharghar).Can any body tell me about the present total cost for 1 BHK and 2 BHK Flats.

My replies to this discussion
I had taken help from this website before when I was looking for flats. You can click on Properties for sale and search for the flat as per your requirement and budget.. I had taken help from this website before when I was looking for flats. You can click on Properties for sale and search for the flat as per your requirement and budget..
Q: Has the new guidelines have come up for BMC property tax?

My replies to this discussion
We are receiving property tax bills on the properties in Mumbai with inflated rates without any guidelines. Furthermore, the RCC buildings and the new constructions have to pay higher tax. There are around 5000 such properties in Mumbai. The civic body has clearly failed to anticipate that the absence of guidelines could lead to such serious blunders in its calculation.We are receiving property tax bills on the properties in Mumbai with inflated rates without any guidelines. Furthermore, the RCC buildings and the new constructions have to pay higher tax. There are around 5000 such properties in Mumbai. The civic body has clearly failed to anticipate that the absence of guidelines could lead to such serious blunders in its calculation.
Q: Hi, I am planning to buy a residential property but is getting confused by the terms like carpet area, Built-up area and super built-up area.

My replies to this discussion
1. Carpet area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actual used area of an apartment/office unit/showroom etc.
2. Built up area is the carpet area + thickness of outer walls + balcony.
Terrace. Approx­i­mately, built up area of a unit is 10% more than its car­pet area. 3. Super Built Up area is the built up area + proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. In some cases it also includes the common areas like swimming pool, garden, clubhouse, and others.1. Carpet area is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. It is the actual used area of an apartment/office unit/showroom etc. 2. Built up area is the carpet area + thickness of outer walls + balcony. Terrace. Approx­i­mately, built up area of a unit is 10% more than its car­pet area. 3. Super Built Up area is the built up area + proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. In some cases it also includes the common areas like swimming pool, garden, clubhouse, and others.
It is needed to get an idea of how much are the built up, carpet and super built-up areas of houses/flats you are going to buy. If it is not clear dont hesitate to recheck and ask seller. The builders may mention anywhere from 65 to 85 percent of the super built area as carpet area. That means, if the price is quoted as 1,000 sq ft super built-up area, the carpet area could be anywhere from just 650 sq ft to 850 sq ft. If the builder or seller has not mentioned this kind of break up in the agreement, you can demand him to mention it in the sales deed. It is needed to get an idea of how much are the built up, carpet and super built-up areas of houses/flats you are going to buy. If it is not clear dont hesitate to recheck and ask seller. The builders may mention anywhere from 65 to 85 percent of the super built area as carpet area. That means, if the price is quoted as 1,000 sq ft super built-up area, the carpet area could be anywhere from just 650 sq ft to 850 sq ft. If the builder or seller has not mentioned this kind of break up in the agreement, you can demand him to mention it in the sales deed.
Q: When is the possession of the Oasis project happening? Dec 2012 was the date as per the developer while selling of the flats. No communication has from the developers yet
My replies to this discussion
Hi Vaibhav, as per my knowledge they will give possession by end of August 2013. So, you can expect the hand over by end of 2013..Hi Vaibhav, as per my knowledge they will give possession by end of August 2013. So, you can expect the hand over by end of 2013..
Q: Hi, i m looking to buy a 2/3 bhk in kandivali area. but i m little worried about the future prospects. my budget is 40-50 lakhs , please suggest me good upcoming residential projects in kandivali.

My replies to this discussion
It is one of the fast developing suburbs in Mumbai which is located around the Western Express highway and between Malad and Borivali railway stations. Kandivali has seen drastic transformation in the past few years. The rates of properties in Kandivali have also gone up in recent years by 3-4 times. The current residential rates in Kandivali range between Rs. 9,000-12,000 psf.It is one of the fast developing suburbs in Mumbai which is located around the Western Express highway and between Malad and Borivali railway stations. Kandivali has seen drastic transformation in the past few years. The rates of properties in Kandivali have also gone up in recent years by 3-4 times. The current residential rates in Kandivali range between Rs. 9,000-12,000 psf.
Q: Is anyone got possession of their flat? Is builder asking for unnecessary extra money?

My replies to this discussion
Hi Vishal, as informed by them, possession is by Mid of 2014.. Are their flats available for booking? I was interested in booking one.. How much they are quoting if someone want to book an unit?? Please guide.Hi Vishal, as informed by them, possession is by Mid of 2014.. Are their flats available for booking? I was interested in booking one.. How much they are quoting if someone want to book an unit?? Please guide.
Q: My father expired without getting the property registered. The property is on GPA CUM AGREEMENT OF SALE with acknowledgement of full payment. Registration not completed. My father had written a will conveying the right of ownership to my mother. Now can she gift the property to me.

My replies to this discussion
Hi Kiran..Under the section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed. But first of all the property should be registered in the name of your mother. Then she can gift you. Hi Kiran..Under the section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed. But first of all the property should be registered in the name of your mother. Then she can gift you.
Q: Any further updates on the possession dates ? Would also like to clarify if any one received VAT letters and paid VAT?

My replies to this discussion
Hi Manoj, unlike the other Satellite projects in that lane, the project is smaller, congested and surrounded by Mhada flats. However, the Satellite towers in that lane do boast of good apartments. There are slums outside them, which the local people claim, will be chased away in some months. If anybody has seen these projects would request you to share you opinion on them.Hi Manoj, unlike the other Satellite projects in that lane, the project is smaller, congested and surrounded by Mhada flats. However, the Satellite towers in that lane do boast of good apartments. There are slums outside them, which the local people claim, will be chased away in some months. If anybody has seen these projects would request you to share you opinion on them.
Q: Got to know that Godrej properties are coming up with a new project in Chembur in Mumbai. The project's name is Godrej Central? does anyone has details about this project? how is it for investment purpose?
My comments to replies
Hi all, Godrej Properties' current project called Godrej Central located at Shell Colony, Sahakar Nagar, Chembur, Mumbai. It offers 2/3BHK residential flats. This prject is spread over 3.64 acres of land and consists 10-Towers in G+16 storeys apartment. The sizes of 2BHK starts from 711-751 sq-ft. and 3BHK in 1165 sq-ft. And the developer has quoted the current price for 2BHK is Rs. 1.82 core to 1.93 crore onward and Rs. 2.99 crore onward for 3BHK
Hi, To get more details of this project click the link Godrej Central, Chembur Or, To get best deal on it list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile
23rd May 2015

Q: Hi I am planning to by an two bedroom Apartment in the area like Pimple Saudagar,Rahatani.I have budget of 40-45 L . Is there any options available with the given budget?
My replies to this discussion
Thanks Deepti! Even I was looking for flats in the surrounding area.. Got many options of units through this link.. Will go for site visit soon.. Thanks Deepti! Even I was looking for flats in the surrounding area.. Got many options of units through this link.. Will go for site visit soon..
Q: I bought a flat in 2008 and last year i sold it. The builder charged me Rs 50000 for NOC for sale of house. Now the VAT decision has been out and he wants me to pay Rs~30000. Is this legitimate request from his side because i see that 50000 is a huge amount when it comes to NOC where in the builder has to do nothing.

My replies to this discussion
As per a national daily which had quoted Maharashtra CM last year, it will not be mandatory for flat-owners and housing society residents to get NOC from builders while selling or transferring their property..There is no such provision in the Maharashtra Ownership of Flats Act ( MOFA)..As per a national daily which had quoted Maharashtra CM last year, it will not be mandatory for flat-owners and housing society residents to get NOC from builders while selling or transferring their property..There is no such provision in the Maharashtra Ownership of Flats Act ( MOFA)..
Q: looking for 3bhk in rustomjee rivera in orlem for sale

My replies to this discussion
Hi Vikas, there are apartments available for sale in Rustomjee rivera... What is your budget?? may be I can help..Hi Vikas, there are apartments available for sale in Rustomjee rivera... What is your budget?? may be I can help..
Q: I heard that Nashik Municipal Corporation is disconnecting water connections in the city. What is the reason?

My replies to this discussion
They have to arrange water from other sources like wells, borewells, tankers, etc. The NMC wants to stop water supply to builders to save potable water from the municipal network. Residents will be facing water shortage otherwise. They have to arrange water from other sources like wells, borewells, tankers, etc. The NMC wants to stop water supply to builders to save potable water from the municipal network. Residents will be facing water shortage otherwise.
Q: Can you please advice me, If the riverdal project of kalyan have got the Occupation certificate for the building A,B,C, & D. I am planning to but flat in riverdale . I have given the token amount for the flat i am buying from the purchaser. However, now the Agent of seller saying that there will be no OC given for the flat i am buying in riverdale. Please kindly let me know if any one have bought a flat in riverdale & you have gotten the OC. Much appreciate your feedback. Thanks, Bhupen bhupenn_seek@yahoo.co.in

My replies to this discussion
Even I had booked a property here.. But I was not told anything as such.. You can take legal help or lodge a case in consumer court if this was not informed... Even I had booked a property here.. But I was not told anything as such.. You can take legal help or lodge a case in consumer court if this was not informed...
Q: Hi, I'm looking to invest in Mumbai, Kindly suggest me some good pre launches in Mumbai ans surrounding areas?

My replies to this discussion
Yes I have heard about the project.. It looks good. IOD expected in 6 months. Possession can be expected by 2015 or early 2016..Bhagtani Serenity is an upcoming project of Jaycee Homes.. It offers 24 storey apartments having 1 and 2 BHK apartment whose size is ranging from 705-1145 sq. ft. at very attractive price. The location is also good with Hiranandani Hospital, IIT Powai, Mumbai in the vicinity.. Yes I have heard about the project.. It looks good. IOD expected in 6 months. Possession can be expected by 2015 or early 2016..Bhagtani Serenity is an upcoming project of Jaycee Homes.. It offers 24 storey apartments having 1 and 2 BHK apartment whose size is ranging from 705-1145 sq. ft. at very attractive price. The location is also good with Hiranandani Hospital, IIT Powai, Mumbai in the vicinity..
My replies to this discussion
There are apartments available for rent in this project.. What is your budget for a 2 BHK flat??There are apartments available for rent in this project.. What is your budget for a 2 BHK flat??
Q: Hi. How about this project? does some one have any details about it? please share
My replies to this discussion
@Sankalp, The proposal by the Brihanmumbai Municipal Corporation (BMC) to build two bridges connecting Versova to Madh Island and Malad to Manori has been opposed by the local East Indian community, which fears that the projects would wipe off their traditional villages.@Sankalp, The proposal by the Brihanmumbai Municipal Corporation (BMC) to build two bridges connecting Versova to Madh Island and Malad to Manori has been opposed by the local East Indian community, which fears that the projects would wipe off their traditional villages.
Q: Hi, where is this project exactly lovated and what is the recent price per sq ft for this project?
My replies to this discussion
Yes I have heard about the project.. It looks good. IOD expected in 6 months. Possession can be expected by 2015 or early 2016..Bhagtani Serenity is an upcoming project of Jaycee Homes.. It offers 24 storey apartments having 1 and 2 BHK apartment whose size is ranging from 705-1145 sq. ft. at very attractive price. The location is also good with Hiranandani Hospital, IIT Powai, Mumbai in the vicinity..Yes I have heard about the project.. It looks good. IOD expected in 6 months. Possession can be expected by 2015 or early 2016..Bhagtani Serenity is an upcoming project of Jaycee Homes.. It offers 24 storey apartments having 1 and 2 BHK apartment whose size is ranging from 705-1145 sq. ft. at very attractive price. The location is also good with Hiranandani Hospital, IIT Powai, Mumbai in the vicinity..
Q: I have a 3BHK flat in Raghunath Vihar which I would like to rent out @IRs20000/- per month. I owe a open car parking too. I would like to lease it preferably to Banks. Thanks. Srinivasan
My replies to this discussion
Hi Meenakshi, thanks for the info.. What are the facilities available within the project and how is the locality and the surroundings??Hi Meenakshi, thanks for the info.. What are the facilities available within the project and how is the locality and the surroundings??
Q: I researched about the builder but not much info is available. I am looking for a property in that area but with clear legal titles so as to avail home loan facility.
My replies to this discussion
Hi.. I have heard that they are giving possession from Jun 01 2015.. However, you can consult with the other buyers about the same.. As per legal titles, it is not at clear whether have been approved.. One of my friends had booked a 1 BHK at this project in Rs 18 lakhs exclusive of registration charges..Hi.. I have heard that they are giving possession from Jun 01 2015.. However, you can consult with the other buyers about the same.. As per legal titles, it is not at clear whether have been approved.. One of my friends had booked a 1 BHK at this project in Rs 18 lakhs exclusive of registration charges..
Q: Interested in buying additional either2.5 bhk or 3bhk in Mahindr Splendour.Parties may contact

My replies to this discussion
You can Post your Requirements to get matching properties details on your Email and Mobile.You can Post your Requirements to get matching properties details on your Email and Mobile.
Q: what will be the per Sq.Ft rate
My replies to this discussion
Hi Shivshankar, The price per square feet of a property in Badlapur is Rs 400 approximately. But before buying a plot in this area do contact some local real estate agent to get the updated info about the rate per square feet.Hi Shivshankar, The price per square feet of a property in Badlapur is Rs 400 approximately. But before buying a plot in this area do contact some local real estate agent to get the updated info about the rate per square feet.
Q: What was date of possession conveyed for those booked in 2011/

My replies to this discussion
Even I was told Dec 2014.. What was the tenure that was mentioned to u?? I feel its a waste of money.. Interest getting built up as well..Even I was told Dec 2014.. What was the tenure that was mentioned to u?? I feel its a waste of money.. Interest getting built up as well..
Q: I am planning to buy a flat, for eg: Lets say cost of flat is 8.15 lac. Now what I want is, 1. In some way, I want my bank loan to cover up full 8.15 lac. (What are different legal methods) 2. What will be the service tax I will have to pay to builder for this? 3. When do I need to pay this service tax? Please help by answering above in very simple language.
My replies to this discussion
Hi.. You can enhance your loan eligibility by paying maximum down payment for the loan. This will add confidence in your bank or lending company to provide loan needed for you. In case of service tax it has been decided to levy 2.5% from July 2010. Vat is about 1%.Hi.. You can enhance your loan eligibility by paying maximum down payment for the loan. This will add confidence in your bank or lending company to provide loan needed for you. In case of service tax it has been decided to levy 2.5% from July 2010. Vat is about 1%.
Q: Every time you ask builder , you here a different date.First it was end of 2014, then it came down to end of 2013, now again we are hearing 2014 march
My replies to this discussion
I heard that the project is expected to get completed by end of 2014.I heard that the project is expected to get completed by end of 2014.
Q: What percent of plots in Mumbai meant for affordable housing are being used??
My replies to this discussion
Open spaces which have been reserved on paper are also not given. One in three plots reserved for recreation grounds in the Malad-Malwani belt have been encroached and now some private clubs or malls are being erected on the same land.Open spaces which have been reserved on paper are also not given. One in three plots reserved for recreation grounds in the Malad-Malwani belt have been encroached and now some private clubs or malls are being erected on the same land.
My replies to this discussion
Hi Suva, are you looking for booking an unit in this project?? What type of apartment you are looking for and what is your budget??Hi Suva, are you looking for booking an unit in this project?? What type of apartment you are looking for and what is your budget??
My replies to this discussion
Hello Swaminath..why do you require contact number of this person..?? Are you an owner of New Devrup..??Hello Swaminath..why do you require contact number of this person..?? Are you an owner of New Devrup..??
Q: Hi All, Hope u guys are aware of the latest news about the Worli ( Campa Cola Society) demolishen. 170 flat owners have been asked to leave just because they did not have the occupancy certificate.. Although the flat owners had paid their yearly taxes and had the flat registered 20yrs ago, the govt has declared it to be illegal.. This only reminds me that few blocks in PWC are still not given with the OC. Note: This is not to create any worry, just a concern that we all need to squarely plan and resolve.

My replies to this discussion
Recently there was a news about Campa Cola Society that the civic body is all set to raze 35 illegal floors across seven buildings in Campa Cola society and the estimated cost of the demolition-Rs 1.90 crore-will be recovered from the society.Recently there was a news about Campa Cola Society that the civic body is all set to raze 35 illegal floors across seven buildings in Campa Cola society and the estimated cost of the demolition-Rs 1.90 crore-will be recovered from the society.
Q: Which is a better place to invest Ulwe or Panvel in Navi Mumbai?
My comments to replies
The twin city of Kalyan-Dombivli, on the outskirts of Mumbai, will be one of the biggest beneficiaries of real estate recovery. The Kalyan-Dombivli belt comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). This respective location is witnessing the development of new residential projects at a fast pace. Developers that operate in this area include Lodha Group, Nirmal Lifestyle, Raunak Group, Laxmi Housing Builders & Developers, Laxmi Versatile Housing and Mehta Group, among others.
Hi Rajat, Yes, Kalyan-Dombivli's real estate has recently witnessed a boom, primarily due to the increasing prices in Mumbai suburbs and growing demand for affordable housing in Mumbai. A proposal for extending the Navi Mumbai metro rail to Kalyan too has fueled the growth for housing in Kalyan-Dombivli.
10th March 2015

Q: Tirupati Balaji Buiders and Developers PVt Ltd New Panvel Information on Quality of work of Tirupati Balaji Builders and Developers Pvt Ltd New Panvel Mahendra P.K. Singh is managing director.
My replies to this discussion
Hi, My budget is Rs. 20 lacs. I am planning to buy flat for investment purpose. Please. give me advise which area is good in western express highway. Is it Palghar Naigav or Nalasapora. How much appreciation i can expect in next 3/4 years?Hi, My budget is Rs. 20 lacs. I am planning to buy flat for investment purpose. Please. give me advise which area is good in western express highway. Is it Palghar Naigav or Nalasapora. How much appreciation i can expect in next 3/4 years?
Q: please provide full details of 1BHK exact location, carpet area,etc
My replies to this discussion
Hi Rizwan, I BHK apartment will cost you around Rs 44 lakhs and the size is 636 sqft. you can check the floor plans here.Hi Rizwan, I BHK apartment will cost you around Rs 44 lakhs and the size is 636 sqft. you can check the floor plans here.
Q: I want to buy 3BHK in AHCL homes . please send me detail about area and price
My replies to this discussion
Hi Sanjay, The price per sqft they are quoting is around Rs 16,000 and the price of 2 bhk will be around Rs 2 croresHi Sanjay, The price per sqft they are quoting is around Rs 16,000 and the price of 2 bhk will be around Rs 2 crores
Q: project details & contact details
My comments to replies
hi Santosh, Have you booked a property in this project?
Who is the builder of the project?
19th July 2013

My comments to replies
Mohan Altezza is one of the ongoing project of Mohan Group in Kalyan, Mumbai. The project offers 2, 3, 4 and 5 BHK apartments. The project is expected to get completed by 2013.
Hi Vinay, have booked an apartment in this project. Because I had called the marketing department and they said the project is getting completed by 2017.
24th July 2013
The website is not providing wrong info but I think they have not updated the info in the website
24th July 2013

Q: I am staying in Bangalore but want to invest in Bandra Kurla. How is Bandra Kurla Complex? Is the area good for investment purpose?
My replies to this discussion
Bandra-Kurla Complex is one of the most strategic commercial and residential real estate locations in Mumbai. In reality, the BKC is considered to be one of the stupefied acts of restoring urban renewal till date.Bandra-Kurla Complex is one of the most strategic commercial and residential real estate locations in Mumbai. In reality, the BKC is considered to be one of the stupefied acts of restoring urban renewal till date.
Q: I heard that Mumbai High Court has given an order that regularizing illegal structure by buying FSI not possible? Why is it so?
My comments to replies
Yes you have heard it correct. The Bombay High Court has given a ruling that buying extra Floor Space Index (FSI) or paying a penalty cannot be a way to regularize unauthorized construction.
Why only those buildings got refusal from Mumbai high court?
28th July 2013

The court said that the Shubh apartments and few other buildings in the Campa Cola compound layout had exceeded the total FSI of the plot and had built unauthorized buildings in the layout. He said that the Brihanmumbai Municipal Corporation (BMC) could not and has not regularized the unauthorized construction of floors which are in excess of the sanctioned plans. He said that any additional unauthorized construction of buildings cannot be authorized in violation of sanctioned plans.
Is construction exceeding the FSI is considered an illegal construction?
28th July 2013

Q: Hi, I bought a house in Navi Mumbai/Panvel area back in 2010 and have not lived in it for a single day. I want to know if I have to pay the society maintenance charges in this case? What are the legal consequences of not paying the maintenance charges? Thank you and best regards, Sunder
My replies to this discussion
Maintenance charges has to be paid irrespective of whether the property is used by owner, tenant or left vacant. Every society will have its byelaw stating its maintenance charges and penalty for non-payment. In your case, I recommend you can communicate with the assocaition or society concern member and come for practical solutionMaintenance charges has to be paid irrespective of whether the property is used by owner, tenant or left vacant. Every society will have its byelaw stating its maintenance charges and penalty for non-payment. In your case, I recommend you can communicate with the assocaition or society concern member and come for practical solution
Q: How much the Ministry of State for housing has increase in funds for repair and redevelopment of dilapidated cessed buildings in Mumbai?
My replies to this discussion
The state government had realized that the pace of redevelopment of cessed buildings was slow and it could be increased by involving landlords/tenants/private developers. With this in view, the Maharashtra government introduced a policy of giving floor space index (FSI) 2.00 for redevelopment of cessed buildings under Development Control Regulations. Amendments to the policy also gave an FSI up to 4 for redeveloping building clusters in a minimum area of one acre and rehabilitation of existing tenants/occupiers.The state government had realized that the pace of redevelopment of cessed buildings was slow and it could be increased by involving landlords/tenants/private developers. With this in view, the Maharashtra government introduced a policy of giving floor space index (FSI) 2.00 for redevelopment of cessed buildings under Development Control Regulations. Amendments to the policy also gave an FSI up to 4 for redeveloping building clusters in a minimum area of one acre and rehabilitation of existing tenants/occupiers.
My replies to this discussion
@Prasad, You can take the help of legal expert to cross check the documents.@Prasad, You can take the help of legal expert to cross check the documents.
Q: I am looking for an affordable home in Mumbai. Which are the good areas in Mumbai for affordable housing?

My replies to this discussion
In the eastern region, LIH units have emerged in Bhubaneshwar and Kolkata. There is a potential for more growth in the supply of LIH units in Bhubaneshwar as the state government is putting concerted effort to promote affordable housing. The southern region has seen the least progress in terms of low income housing. This is majorly due to prevailing cultural resistance to multi-storey apartment format and longer approval timelines. These reasons have deterred some developers from entering the space.In the eastern region, LIH units have emerged in Bhubaneshwar and Kolkata. There is a potential for more growth in the supply of LIH units in Bhubaneshwar as the state government is putting concerted effort to promote affordable housing. The southern region has seen the least progress in terms of low income housing. This is majorly due to prevailing cultural resistance to multi-storey apartment format and longer approval timelines. These reasons have deterred some developers from entering the space.
My comments to replies
Finding an affordable home in Mumbai in today's scenario is extremely difficult. In the situation where property prices are continuously rising in Mumbai, there are few localities such as Kharghar, Kamothe and Ulwe that may provide a bit of relief for people who are searching for affordable houses.
I agree with Deepankar property prices for even a 1, 2-BHK property are at an all time high in Mumbai. Even in Navi Mumbai, prices have almost touched the sky making it extremely difficult for buyers to own a house in or around Mumbai. In these conditions, there are certain localities in Navi Mumbai such as Kamothe, Kharghar and Ulwe where one may hope to find affordable properties in the range of Rs. 25 lakhs to 1 crore and above. As such, these areas are facing increasing demand.
14th August 2013

Is it only because of the affordable housing these areas are facing increasing demand?
Along with the demand for affordable houses, there are other reasons such as infrastructure projects, good connectivity, high prices in neighbouring localities and good social infrastructure responsible for growth in demand for these three localities. However, the unique selling point of these three localities is the wide range of values at which residential properties are being offered.
14th August 2013

Q: Property bubble to soon blast in ULWE. The Navi Mumbai airport has become financially unviable option and plans are almost confirmed to cancel the airport and return the land which was acquired initially. The news which was published in times of india saying that airport work to commence next year was only to ensure that prices do not fall any further. Most of the newspapers were asked not to publish the latest news but Mid-day went ahead and published the fact. Consumers please be cautious and do not buy any property in Ulwe as future is really dark. Please follow the mid-day link below for the update: http://www.mid-day.com/news/2013/aug/150813-navi-mumbai-airport-cm-shoots-down-returning-developed-land-to-farmers.htm

My replies to this discussion
HI, The much-delayed Navi Mumbai International Airport is finally set to takeoff in 2015 as land acquisition -that proved to be a big challenge for the project-is expected to be completed by January 15, 2015. City & Industrial Development Corporation (CIDCO) will launch the pre-construction development work in less than a month from now and tenders for the project are expected to be floated in the first half of 2015.HI, The much-delayed Navi Mumbai International Airport is finally set to takeoff in 2015 as land acquisition -that proved to be a big challenge for the project-is expected to be completed by January 15, 2015. City & Industrial Development Corporation (CIDCO) will launch the pre-construction development work in less than a month from now and tenders for the project are expected to be floated in the first half of 2015.
Q: I came to know that new down payment norms is being offered by the real estate developers in Mumbai. I want to know more about it.

My replies to this discussion
Yeah even I have heard about it. As the property prices continuously go up everyday in Mumbai making it more difficult to buy a house, realtors in association with banking corporations have come up with new upfront payment norms in an attempt to woo more property buyers. The new upfront payment norms may be a sweet news for buyers who are planning to shelve their plans of buying a house in Mumbai due to the current norms of down payment and burden of EMIs.Yeah even I have heard about it. As the property prices continuously go up everyday in Mumbai making it more difficult to buy a house, realtors in association with banking corporations have come up with new upfront payment norms in an attempt to woo more property buyers. The new upfront payment norms may be a sweet news for buyers who are planning to shelve their plans of buying a house in Mumbai due to the current norms of down payment and burden of EMIs.
My comments to replies
Hi Shrikant, Can you elaborate about the scheme if you have any idea about it? Thanks in advance.
The common scheme for making payments till now while purchasing a house has been the 20:80 mode, where a buyer pays 20% of the total amount as down payment and the remaining 80% as EMIs. The new scheme, which is 10:80:10 will give a breather to cash crunched buyers. In this new scheme, the buyer has to pay only 10% as down payment, 80% through bank loans during the construction period and the remaining 10% after taking possession of the property.
19th August 2013

Q: What is the status of the project? I heard that farmers will get 22.5% land back. Is that true?

My replies to this discussion
Yes I hope so the work will start soon as yesterday the Prime Minister has cleared all the setting up of Navi Mumbai International airport to smoothen air traffic congestion in the nation’s financial capital.Yes I hope so the work will start soon as yesterday the Prime Minister has cleared all the setting up of Navi Mumbai International airport to smoothen air traffic congestion in the nation’s financial capital.
Q: I am planning to buy a 2 BHK in Thane. Can anyone tell me if it s a good idea to buy a 2 BHK in Thane or should I buy somewhere else?
My comments to replies
You can even buy a 2-BHK apartment within the price band of Rs 40-60 lakhs in Dombivli. In this budget, you can enjoy meditation areas, fragrant garden, riverside promenade, walkways and plazas, etc. As the lower prices are due to the lower land values, developers generally do not shy away from offering world-class amenities.
What are the factor that is making Thane the most preferable residential locations near Mumbai?
26th August 2013

What are the new project coming up in Thane with the price range of Rs 70 lakhs to Rs 80 lakhs? What is the price trends in this area?
Hiranandani Estate Villa, G Corp Bellagio, Hiranandani Estate and Hiranandani Estate Flora are some of the projects which offers properties with the price range of Rs 70 lakhs to Rs 80 lakhs. In the Apr-June quarter of 2013, the locality price appreciated to Rs 8185 per sq. ft.
26th August 2013

Q: Hi, I purchased an under construction flat in Jan-13, i have already paid for st.duty, registration, service tax, VAT. The possession is scheduled for Jan-14 but i wish to sale this and buy new property. If i resale it, what all taxes will be applicable. Builder has not yet put his paper for OC.
My replies to this discussion
Hi Priyata, As far as i know you only have to pay capital gain and the buyer will have to pay stamp duty, registration charges, service tax again. To be on the safer side it is better to take advice from some legal expert.Hi Priyata, As far as i know you only have to pay capital gain and the buyer will have to pay stamp duty, registration charges, service tax again. To be on the safer side it is better to take advice from some legal expert.
My replies to this discussion
There are 2 BHK apartments available for sale in Borivali, you can check the availability hereThere are 2 BHK apartments available for sale in Borivali, you can check the availability here
Q: What is the reason for the endless delay in Mumbai Metro Rail?

My replies to this discussion
One of the key reasons for this is the hike in project cost by more than 80% due to inordinate delays. Consequentially, Mumbai Metro One Pvt Ltd (MMOPL), a consortium of Reliance Infrastructure that is building this project has proposed a hike in fare to commence and sustain operations. However, the Maharashtra government is reluctant to hike the fare prices though it is keen to roll out the project as soon as possible.One of the key reasons for this is the hike in project cost by more than 80% due to inordinate delays. Consequentially, Mumbai Metro One Pvt Ltd (MMOPL), a consortium of Reliance Infrastructure that is building this project has proposed a hike in fare to commence and sustain operations. However, the Maharashtra government is reluctant to hike the fare prices though it is keen to roll out the project as soon as possible.
My comments to replies
When the project was first awarded, the base fare would be between Rs. 9 – Rs. 13 for different distance slabs with a provision of increasing the fare by 11% every four years. Now, MMOPL has proposed the base far to be between Rs. 22 – Rs. 33 citing cost escalation. MMOPL claimed that as per the concession agreement, it could approach the government for an upward revision of the fare prices beyond the one permitted in the notification if there is any unanticipated increase in the project operating cost.
The consortium also said that this wasn't a recent development though this became a a big issue only now. It had first raised the issue with MMRDA in February 2012 about the increase in project cost by Rs. 1,900 crore from the estimated Rs. 2,350 crore. However, the government did not intervene properly to resolve this issue until recently. The consortium again wrote to the present Maharashtra chief minister in April and Chief Secretary in July requesting their intervention.
10th September 2013

Q: I came to know that Raheja Realty launched second phase of affordable homes. What is the name of the project?

My replies to this discussion
What are the specifications the project will have?What are the specifications the project will have?
Q: I read a news somewhere that MHADA to get 200 more tenements. Is that true?

My replies to this discussion
According to MHADA's chief officer, it is also yet to receive a penalty of around Rs. 25 crore from several developers. According to MHADA's rules, part of the built-up area of redeveloped houses must be handed over to MHADA. The authority was to receive a total of 1.5 lakh sq.ft from the developers according to rules which they hadn't. Hence, MHADA had filed cases against these developers. MHADA is yet to receive the pending build-up area and penalties from these developers.According to MHADA's chief officer, it is also yet to receive a penalty of around Rs. 25 crore from several developers. According to MHADA's rules, part of the built-up area of redeveloped houses must be handed over to MHADA. The authority was to receive a total of 1.5 lakh sq.ft from the developers according to rules which they hadn't. Hence, MHADA had filed cases against these developers. MHADA is yet to receive the pending build-up area and penalties from these developers.
My comments to replies
According to the chief officer of MHADA stated that the development body was yet to receive about 200 developed tenements from over 30 developers who were supposed to surrender these flats by the end of this year. In the last one year, MHADA has taken possession of more than 270 apartments from various developers. The development authority has a master list of families and these flats will be handed over to these families.
But according to sources, MHADA is also yet to receive a penalty of around Rs. 25 crore from several developers. According to MHADA's rules, part of the built-up area of redeveloped houses must be handed over to MHADA. The authority was to receive a total of 1.5 lakh sq.ft from the developers according to rules which they hadn't. Hence, MHADA had filed cases against these developers. MHADA is yet to receive the pending build-up area and penalties from these developers.
28th September 2013

Q: What is the property price going on in Wadala and Chembur?

My replies to this discussion
Even before the Mumbai monorail becomes operational, property prices in Chembur and Wadala have at least doubled in the last 4-5 years. The first line of Mumbai monorail between Chembur and Wadala has a huge impact on property prices in these areas.Even before the Mumbai monorail becomes operational, property prices in Chembur and Wadala have at least doubled in the last 4-5 years. The first line of Mumbai monorail between Chembur and Wadala has a huge impact on property prices in these areas.
My comments to replies
Which place is good for investment purpose Chembur or Wadala?
According to Knight Frank’s Investment Advisory Report 2012, After Ulwe and Wadala, Chembur is listed as the best residential destination in Mumbai, to invest in. The investment point of view is over the next five years – 2013-2017. According to the report, property price is expected to appreciate by 125 percent in Chembur.
1st October 2013

Chembur is one of the best places in the Mumbai Metropolitan Region (MMR) from investment point of view. According to Knight Frank report, the capital value of residences will double up in the next four years. Chembur has very good infrastructure – the monorail and the eastern freeway. It is also strategically located and well connected to BKC and central Mumbai.
Wadala already is an expensive area due to the amenities such as educational institutions, malls, entertainment and religious institutions. Some renowned institutions here are the Veermata Jijabai Technological Institute (VJTI), a branch of Sahara India Pariwar, University Institute of Chemical Technology, and Dr. Ambedkar Commerce and Law College. Wadala also is home to Aditya Jyot Eye Hospital, one of India’s most renowned eye hospitals. The locality also has the world’s largest IMAX dome theater and its proximity to major highways as well as localities such as Dadar and Parel. The capital value in Wadala is currently between Rs. 18,200-21,450 per sq-ft for an independent house and between Rs. 19,800-20,500 per sq-ft for multistorey apartments.
1st October 2013

Q: I hear that the MHADAs plans for luxury flats have been delayed, what happened?

My replies to this discussion
So, how big are these flats going to be, considering there are going to be budget houses?So, how big are these flats going to be, considering there are going to be budget houses?
Q: How is the real estate in Bandra and what is the ongoing price trend going in this area?

My comments to replies
Though Bandra commands one of the highest property rates in Mumbai, it still has scope for development both in terms of residential and commercial properties. Bandra East specifically has a huge scope for development in terms of residential properties. This is owing to the fact that the suburb is not saturated in terms of infrastructure and open spaces unlike several other suburbs. Bandra is seeing new projects including some luxurious residential projects coming up within the vicinity.
A 1-BHK apartment in Bandra West costs between Rs. 1.5-2.5 crore while it costs between Rs. 35-40 lakhs in Bandra East. A 2-BHK apartment costs between Rs. 2.25-3 crore in Bandra West and between Rs. 1.5-2 crore in Bandra East. A 3/4-BHK apartment would cost between Rs. 4-8 crore in Bandra West. The rent for a 1-BHK apartment is between Rs. 45,000-50,000 in Bandra West and about Rs. 30,000 in Bandra East. The rent for a 2-BHK apartment is between Rs. 1-1.2 lakhs in Bandra West and between Rs. 45,000-1 lakh in Bandra East. The rent for a 3/4-BHK apartment is between Rs. 85,000-2 lakhs in Bandra West.
22nd October 2013
Capital value in Bandra East is much lower than its western counterpart. It is an average of Rs. 41,000 per sq.ft in Bandra West whereas just about Rs. 23,300 per sq.ft in Bandra East.
22nd October 2013

Q: Hi, i heard a news that real estate sector is dropping in Mumbai due to lack in infrastructure?

My comments to replies
Which are the projects that are scrapped ???? I have not heard about it???
I can name you two...The Tata Housing had to scrap one of its affordable homes projects because environmental clearances got stuck in red tape. Also the project in Karjat, only phase I of a large low-cost project by Tanaji Malusare City was completed. The remaining phases have failed to take off despite a huge initial demand.
22nd October 2013

Q: Hi, now a days, a lot of developers are concentrating on the fact that, amenities should be world class. Even home buyers are also concentration on that particular fact.. kindly discuss this new trend.
My comments to replies
I feel according to the studies, the modern buyer are more keen about global exposure, hence forth they are demanding for a home are at par with international trends. The customers demands are more focused now on luxurious amenities that allow a lavish lifestyle and gives him a satisfied feeling.
Then if this is the situation what else the developers can do, to meet the demand, they will bring in the latest amenities that add to the brand value of the project as well as the developer and his company.
23rd October 2013

Q: Which are the key infrastructure projects the government is planning to discuss?

My comments to replies
The four projects were proposed by the Maharashtra State Road Development Corporation (MSRDC). The meeting is expected to be held by October 30th where various infrastructure projects will be discussed and screened for possible clearance. These projects will include the Bandra-Versova sea link, capacity expansion of Mumbai-Pune Expressway, construction of a water transport system and the controversial Worli-Haji Ali sea link. Among these, the key projects that will be discussed are the Worli-Haji Ali sea link and Bandra-Versova sea link
The Maharashtra state government has finally decided to have a serious discussion after a long gap about four infrastructure projects that have been stalled for more than a year. The total worth of these four infrastructure projects is approximately Rs. 11,000 crore.
23rd October 2013

Q: Why the local body decided to raze these 241 structures in Mumbai? Any reason

My comments to replies
About 50% of these legal notices are stop orders. About 290 have been served in M-East ward (Chembur). There are more than 170 notices issued in L-ward (Kurla) and K-West. There are about 99 orders in C-ward (Bhendi Bazaar) and few more in G-South (Lower Parel, Worli). About 25% are showcause notices and have been mostly issued in the western suburbs. This includes 110 notices in K-West ward, 118 notices in P-North and 96 notices in R-Central ward (Borivali West).
Out of the 3,700 buildings that are found to be illegal, over 1,250 cases are still pending action from BMC. Additionally, there are 205 cases under litigation and have court injunctions against them. Most of the pending cases have been recorded in the K-West ward (150 cases), R-Central ward (91 cases) and E-ward (77 cases). Most of the injunctions are recorded in H-West (Bandra and Khar) ward with 39 cases, R-Central ward with 38 cases and A-ward (Colaba and Fort) with 11 cases.
17th November 2013

Q: Will this change in TDR policy going to improve redevelopment in suburbs?

My replies to this discussion
Until now, TDR could be utilized for redeveloping a plot situated to the north of the property from where it is generated. The state Urban Development (UD) department has now planned to remove this provision. Instead, it has put forth a plan to allow loading of TDR anywhere in the suburbs. Moreover, to ensure that developers do not make unreasonable gains, it has planned for indexing of the TDR.Until now, TDR could be utilized for redeveloping a plot situated to the north of the property from where it is generated. The state Urban Development (UD) department has now planned to remove this provision. Instead, it has put forth a plan to allow loading of TDR anywhere in the suburbs. Moreover, to ensure that developers do not make unreasonable gains, it has planned for indexing of the TDR.
The government also introduced the slum TDR in 1997. Developers, who undertake redevelopment of slums for free, obtain this TDR. The TDR can be used in suburbs which are situated north to the slum. This doubles the built-up area available to the developer above the usual FSI permitted on the plot.The government also introduced the slum TDR in 1997. Developers, who undertake redevelopment of slums for free, obtain this TDR. The TDR can be used in suburbs which are situated north to the slum. This doubles the built-up area available to the developer above the usual FSI permitted on the plot.
Q: I am planning to buy a flat in The Era by the Ravi Group. Please let me know if anyone knows of any Ravi Group Complaints.

My replies to this discussion
The present price is Rs. 10000 per sqft and will be completed by March 2016. The Era offers world class amenites like air condition entrance lobby, multi level car parking, landscaped gardens, multipurpose hall, club house and gym, spa, sauna and jacuzzi rooms, wifi services, mini amphitheater and hosts of other benefits. The apartment is centrally located near to all major stations, malls, hospitals, schools, colleges, places of worship which are within a radius of approx 3 kms.The present price is Rs. 10000 per sqft and will be completed by March 2016. The Era offers world class amenites like air condition entrance lobby, multi level car parking, landscaped gardens, multipurpose hall, club house and gym, spa, sauna and jacuzzi rooms, wifi services, mini amphitheater and hosts of other benefits. The apartment is centrally located near to all major stations, malls, hospitals, schools, colleges, places of worship which are within a radius of approx 3 kms.
Q: Is it mandatory for the developers in Mumbai have to keep open recreational spaces?
My replies to this discussion
The Supreme Court (SC) gave a ruling on Tuesday that it is mandatory for developers in Mumbai to set aside a minimum of 15-25% plot area for open recreational spaces. Several buildings had recently created these recreational spaces at the podium level and added them to the open spaces at ground level to satisfy the open space norm.The Supreme Court (SC) gave a ruling on Tuesday that it is mandatory for developers in Mumbai to set aside a minimum of 15-25% plot area for open recreational spaces. Several buildings had recently created these recreational spaces at the podium level and added them to the open spaces at ground level to satisfy the open space norm.
There is another regulation DCR 38 (34) related to podiums. The amendment (iv) to this regulation introduced by the Brihanmumbai Municipal Corporation (BMC) in January 2012 states that recreational spaces prescribed under DCR 23 may be allocated either at ground level or on an open to sky podium.There is another regulation DCR 38 (34) related to podiums. The amendment (iv) to this regulation introduced by the Brihanmumbai Municipal Corporation (BMC) in January 2012 states that recreational spaces prescribed under DCR 23 may be allocated either at ground level or on an open to sky podium.
Q: I am thinking of investing in Thane East. Can anyone tell me how is the locality for investment purpose and also provide me some names of good projects.

My replies to this discussion
Hello Praveen, Looks to me it is an excellent investment option to book property in Thane East. The prices of the property are booming in this area.Hello Praveen, Looks to me it is an excellent investment option to book property in Thane East. The prices of the property are booming in this area.
Q: I want to purchase a 2-3 BHK property in Kharghar. Budget 1Cr. What about Tricity Pristine? Is the project running on time or it is running late? What is the possassion schedule?

My replies to this discussion
Hi, I am looking to invest in a property in Kharghar. Can anybody suggest me whether should I invest in Kharghar or investing in Vashi will make more sense?? Kindly advice. Also came across Tricity Pristine in Kharghar? What is the rate they are quoting. I want good appreciation for my property when I sell it?? Need your advice??Hi, I am looking to invest in a property in Kharghar. Can anybody suggest me whether should I invest in Kharghar or investing in Vashi will make more sense?? Kindly advice. Also came across Tricity Pristine in Kharghar? What is the rate they are quoting. I want good appreciation for my property when I sell it?? Need your advice??
Q: For more listings on flats for sale in Mira Road you can catch the link

My replies to this discussion
Hello Sankalp, Ravi Group is one of the established builders and promoters who are in real estate field for a long time. They have already completed many residential projects successfully and are coming up with several ongoing projects across Mumbai. Heard that their quality of construction is good and are committed in timely delivery of the possession. The builders offer excellent amenities like swimming pool, club house, child play area, security, 24/7 power backup, gym, indoor courts, jogging track etc.Hello Sankalp, Ravi Group is one of the established builders and promoters who are in real estate field for a long time. They have already completed many residential projects successfully and are coming up with several ongoing projects across Mumbai. Heard that their quality of construction is good and are committed in timely delivery of the possession. The builders offer excellent amenities like swimming pool, club house, child play area, security, 24/7 power backup, gym, indoor courts, jogging track etc.
Q: Hi, I have a piece of land aprrox 6.5 guntha in mumbai suburban belt(dahanu-boisar area) I want to partner up with a builder to build a building and earn some cash I have no clue about real estate and buildings here is an offer from a builder he says he'll build a posh building which will give 12000sq.ft approx the entire cost will be beared by him after completion there will be 50-50 split the current market rate is 4000-6000 p/sq ft and is bound to go up since tje start of local trains upto Dahanu now here are my questions 1.Is the above offer fair? 2.What is the construcion cost p.sq ft? 3.I am thinking of asking alteast 3000000 up front apart from the 50-50split is that fair? 4.What else i should know before taking up such joint venture? Any suggestions are welcome,Please help

My comments to replies
Hey, Came to know that you are getting a posh building measuring 12000 sqft without investing any single penny. Moreover the land where the builder is going to construct the structure is also near to Mumbai suburbs ie in Dahanu - Boisar area. Hence few years down the line there will be good appreciation for the land and you can sell the property at a good profit rate.
Hello, Heard that the prices of the property are just started picking in this region ie Dahanu-Boisar region due to its connectivity with Mumbai suburbs. As local trains will also start running till Dahanu, there is a huge scope for appreciation one can look ahead as the area will tend to become one of the fast growing in couple of years.
3rd January 2014

My replies to this discussion
Hi all, Heard that Gaurav Woods Phase II is developed by Ravi Group. What is the builder credentials?? What about the bank approval for loans. Is the locality facing any water crisis since I have plans of booking a flat in this project??Hi all, Heard that Gaurav Woods Phase II is developed by Ravi Group. What is the builder credentials?? What about the bank approval for loans. Is the locality facing any water crisis since I have plans of booking a flat in this project??
My replies to this discussion
Hey Lalit, May I know apart from 2.5 BHK what other units are available in this project as I am also planning to buy a flat in this project?? Also could you let me know where exactly is the project located??Hey Lalit, May I know apart from 2.5 BHK what other units are available in this project as I am also planning to buy a flat in this project?? Also could you let me know where exactly is the project located??
My comments to replies
Hi Abhijit, DB Orchid Ozone is an upcoming project undertaken by DB Reality situated in Dahisar East. DB Reality is one of the India's top real estate developers who are into residential, commercial, Hospitality and retail. They are into this industry for last 30 years and are known for quality construction, timely delivery and have strong reputation with over thousand satisfied customers. The prices are taking a positive trend in Dahisar due to real estate boom. Though the locality is still developing, one can see a real growth in coming times. The locality is easily connected by road as well as rail mode of transport, beside it also has well developed roads, good drainage system with 24 hrs water supply.
Hey Ashish, by the way came to know that there is a slum adjacent to the project. Will it pose any problems in future for the residence who book a flat in this project.
9th January 2014

Q: I am planning to book a property in this project. Can anybody let me know about the details of this project??
My replies to this discussion
Hi All, I am a NRI and will be visiting Mumbai shortly. I have plans of booking a 2 BHK flat at Acme ozone located at Thane west. Will I get my money's worth if I sell the same property in future. Please guide me about this matter since I dont have any idea about real estate.Hi All, I am a NRI and will be visiting Mumbai shortly. I have plans of booking a 2 BHK flat at Acme ozone located at Thane west. Will I get my money's worth if I sell the same property in future. Please guide me about this matter since I dont have any idea about real estate.
My comments to replies
Hey Sankalp, In my opinion I think you get decent flats in Pune and Badlapur as per your budget. But I dont advise you to book a flat at Titwala since the area is still developing and lacks good civic amenities and infrastructure facilities.
Yeah agree with you!!!. Though you may get flats for around Rs. 20-25 lakhs in Titwala, it is not that worth to invest in this locality as the area is still under developing stage. Instead I suggest you to book or buy a flat at Badlapur as this locality is gradually undergoing a huge potential in real estate market.
13th January 2014

Q: Could somebody tell me about the builders credentials??

My replies to this discussion
Well Mr Modi, The specifications include aluminium sliding windows, concealed wiring, false ceilings and pop finished walls. Looks to me this is a decent locality to buy a property for living or for future investment. Since the city of Mumbai is already choking with traffic, pollution and high rentals, this is an ideal place to invest in Thane west as the rates are still competitive and affordable.Well Mr Modi, The specifications include aluminium sliding windows, concealed wiring, false ceilings and pop finished walls. Looks to me this is a decent locality to buy a property for living or for future investment. Since the city of Mumbai is already choking with traffic, pollution and high rentals, this is an ideal place to invest in Thane west as the rates are still competitive and affordable.
My replies to this discussion
Will somebody let me know about the location and neighborhood of this ongoing project as I do have plan of buying a 2 BHK in this project??Will somebody let me know about the location and neighborhood of this ongoing project as I do have plan of buying a 2 BHK in this project??
My replies to this discussion
Hello All, Heard that Prayag Developers have a very good reputation of themselves and have many satisfied customers under their belt. They are one of the most known builders coming up with residential projects in Navi Mumbai. Their quality of construction is good and known for quality design and timely delivery. Overall seems to be a good builder with good reputation and vast experience in real estate sector.Hello All, Heard that Prayag Developers have a very good reputation of themselves and have many satisfied customers under their belt. They are one of the most known builders coming up with residential projects in Navi Mumbai. Their quality of construction is good and known for quality design and timely delivery. Overall seems to be a good builder with good reputation and vast experience in real estate sector.
Q: Will anybody tell me what is the status of Sri Tirupati Marigold???
My replies to this discussion
Hi Deepankar, Shree Tirupati Marigold is one of the ongoing projects developed by Tirupati Group which is located at Dhokali, Kolshet Road in Thane west. It has 2 and 3 BHK apartments and they are charging Rs 7950 per sqft. The cost for 2 BHK is Rs. 80 lakh onwards and for 3 BHK it comes to approx 1.6 crore. Heard from executive that completion will be around June 2017.Hi Deepankar, Shree Tirupati Marigold is one of the ongoing projects developed by Tirupati Group which is located at Dhokali, Kolshet Road in Thane west. It has 2 and 3 BHK apartments and they are charging Rs 7950 per sqft. The cost for 2 BHK is Rs. 80 lakh onwards and for 3 BHK it comes to approx 1.6 crore. Heard from executive that completion will be around June 2017.
Q: What will be the forecast of the real estate growth despite sluggish economy??

My comments to replies
Hi Sanjana, Presently the real estate is still going through a boom phase despite a sluggish economy and recession hitting all the sectors. People are more watchful and careful about their investment plans as they are not taking things for granted in the present scenario. The property prices have still not come down in spite of falling rupee and weak Indian economy.
Yeah !!!! You are right Sanjana. People are showing more conservative approach in recent times due to negative impact of economy and falling price of rupee against the dollar. I think they have become more pessimistic and choosy in their approach.
22nd January 2014

Q: I have booked a 1 BHk flat in Siddhi Highland Crest and want to know the current status. Have anybody booked a similar flat. Do let me know??

My comments to replies
Hello, Siddhi Highland Crest is one of the ongoing residential projects developed by Siddhi Group of builders. Heard that the possession will take 1 year to complete ie by Dec 2015 as I too have booked a 2 BHk flat in this project.
Hey came to know that 1 BHK are being sold out and only 2 BHK are left.
23rd January 2014

Q: I have booked a 2 BHK property in Akansha Milan Hills but still not got the possession. What is the current status of this project???

My comments to replies
Hi Bikram, Spoke with the executive and got to know that possession will be around March 2014. Due to some financial constraints the project was put on hold for a while. But now project is in final phase of construction.
Yeah you are right Mr Shantanu. I have also booked a flat in this project and I too called up the executive and got the same reply. Hope we get the possession on time without any much delay
23rd January 2014

Q: Hey, Did you hear that Tata Housing is coming up with most awaited luxurious project in Mulund. Any takers ?????
My replies to this discussion
Yes mate, Gateway Towers has 2 blocks consisting of 41 floors and 31 floors and has units having 2,3, 4 as well as 5 BHK, duplex, triplex and penthouses. Heard that they are quoting Rs. 1.80 crore for flats and 6.5 crore for duplex, triplex and penthouses. The project has separate garden terraces, five swimming pools including two on the top floor. It also has sky bridges that connects the 2 towers which has seating corners and study areas.Yes mate, Gateway Towers has 2 blocks consisting of 41 floors and 31 floors and has units having 2,3, 4 as well as 5 BHK, duplex, triplex and penthouses. Heard that they are quoting Rs. 1.80 crore for flats and 6.5 crore for duplex, triplex and penthouses. The project has separate garden terraces, five swimming pools including two on the top floor. It also has sky bridges that connects the 2 towers which has seating corners and study areas.
Q: Heard that Hubtown Ltd is coming up with Hubtown Siddhi in Vartak Nagar. When is the completion date of the project???

My comments to replies
Yeah Jerome, They do have 3 BHK too in this project and the cost comes to approx 2.04 crore for area measuring 1780 sqft. They are charging Rs. 11500 as per sqft rate.
The area what you mentioned is this super built up area or the carpet area???
24th January 2014

My comments to replies
Hi Shriram, Seems like work has already been commenced and will take some months to get completed. Once the work gets completed it will have vital link between DP Road to Ghodbunder Road in Thane.
Hello Friend, Once the DP Road connects to Ghodbunder Road, it will reduce the amount of traffic on Mumbai-Pune Expressway to a great extent. Many of them can take the newly laid road to reach their destinations and can also avoid the toll naka which charges hefty fee for movement of vehicles.
28th January 2014

Q: My budget is 3400000.final cash payment. I am interested in Adinath Heritage plot no 38 sec 17. My choice is first floor rom no 103. A wing. Please let me know

My comments to replies
Hi, heard that the proposed international airport coming up in Ulwe is being shifted to Madh Island as there was some issues with land acquiition.
Yeah Anuj, I too came to know that the proposed international airport is being moved from Ulwe to Mudh Island. Since CIDCO has some issues with acquiring the land, I think this made the dept to shift the venue. By the way just for information purpose, want to know what is the rates going on in Ulwe??
28th January 2014

Q: Planning to book a 2 BHK flat in SD Bhalerao. Has the project taken off??

My replies to this discussion
Hi Sankalp, Here is the list of builders of national repute who are coming up with good residential projects in Vartak Nagar. They are: 1. Saaga Infra Projects Pvt Ltd 2. SD Bhalerao Constructions Pvt Ltd 3. Akanshas Group 4. Vijay Group 5. Korea BuildersHi Sankalp, Here is the list of builders of national repute who are coming up with good residential projects in Vartak Nagar. They are: 1. Saaga Infra Projects Pvt Ltd 2. SD Bhalerao Constructions Pvt Ltd 3. Akanshas Group 4. Vijay Group 5. Korea Builders
My replies to this discussion
Hi Amit, Ulwe as a whole is emerging as one of the hot property destination in present times. The value for the properties are on a roll due to many residential and commercial establishments coming up in the locality. Being close to Seawoods, Expressway and Vashi, Ulwe has seen tremendous developments.Hi Amit, Ulwe as a whole is emerging as one of the hot property destination in present times. The value for the properties are on a roll due to many residential and commercial establishments coming up in the locality. Being close to Seawoods, Expressway and Vashi, Ulwe has seen tremendous developments.
Q: CIDCO wil get the nod for request for Qualification for Navi Mumbai airport on Feb 5.

My comments to replies
Hi Bikram, Warm greetings of the day!!!!. Did you hear that CIDCO is waiting for the clearance of the Navi Mumbai airport on Feb 5. It has set the ball rolling on the development of the airport. The issuance for request for qualification was postponed for almost a year due to lack of agreement with project affected persons.
Hello Shantanu, Yes due to some land acquisition problems, the project was kept on hold for almost 1 year. As they have to get the consent from 18 villages regarding land acquisition, looks like they are facing some problems. Hope they get the final nod at the earliest and go ahead with the project which has already been delayed by long time.
31st January 2014

Q: Have booked a 2 bhk flat in Abrol Avirahi Heights on the proposed 16th floor. But above you have posted 11 floors. Am I being mislead? Kindly advise
My replies to this discussion
Hi Vineet, Abrol Avirahi Heights has 1, 2, and 3 BHK units available ranging from 725 sqft for 1 BHK to 1625 sqft for 3 BHK. The price they are charging is Rs. 9500 per sqft. Amenities include swimming pool, club house, gym, 100% power backup, 24hrs security and many other facilities. It also has RWH.Hi Vineet, Abrol Avirahi Heights has 1, 2, and 3 BHK units available ranging from 725 sqft for 1 BHK to 1625 sqft for 3 BHK. The price they are charging is Rs. 9500 per sqft. Amenities include swimming pool, club house, gym, 100% power backup, 24hrs security and many other facilities. It also has RWH.
Q: Want to know the progress of Raunak Unnathi Woods??
My replies to this discussion
Dear Sunil, The area in and around Ghodbunder Road is going through an upward trend in recent times as far the real estate market is concerned. The rates for houses and flats are steeply climbing in past 2 years due to various factors like good connectivity, better infrastructure facilities and affordable housing. The price that is prevailing in and near Ghodbunder Road is approx Rs. 7500 per sqft. You stand to gain a good appreciation value in near future as the real estate trend looks bright and positive.Dear Sunil, The area in and around Ghodbunder Road is going through an upward trend in recent times as far the real estate market is concerned. The rates for houses and flats are steeply climbing in past 2 years due to various factors like good connectivity, better infrastructure facilities and affordable housing. The price that is prevailing in and near Ghodbunder Road is approx Rs. 7500 per sqft. You stand to gain a good appreciation value in near future as the real estate trend looks bright and positive.
Q: Can anybody let me know if work has been started for Shree Satya Shankar Residency?? Have anybody booked a flat in this project??

My replies to this discussion
Hi Ashish, Some days back I had been to the project site and saw that work has been commenced. Heard that possession is around Dec 2016. Planning to book a 2 BHK flat in Satya Shankar Residency.Hi Ashish, Some days back I had been to the project site and saw that work has been commenced. Heard that possession is around Dec 2016. Planning to book a 2 BHK flat in Satya Shankar Residency.
Q: Hello friends! wish to buy SUmukh hills flat (Yogsiddhi Developers). However, there are following few concerns. 1. Has developer successfully handed over possessions of past projects like Shree Sumukh Darshan. 2. Is Sumukh hills project aprroved & documents cleared?

My replies to this discussion
Hi Deepankar, Thanks for giving the updates about the builder. Will anybody let me know about this project, units available, prices and connectivity?? I am planning to buy a property in this project for investment reasons.Hi Deepankar, Thanks for giving the updates about the builder. Will anybody let me know about this project, units available, prices and connectivity?? I am planning to buy a property in this project for investment reasons.
Q: Can somebody let me know what is the current status of Basil Residency??

My replies to this discussion
Hey dude, What about the connectivity to the project. Are there any good registered schools and colleges in and around the project?? Is the project an approved one?? Your replies will be very useful for me to take a decision about going ahead with buying a flat.Hey dude, What about the connectivity to the project. Are there any good registered schools and colleges in and around the project?? Is the project an approved one?? Your replies will be very useful for me to take a decision about going ahead with buying a flat.
Q: Would like to know when will the builder give possession for this project??
My replies to this discussion
Hey Ramesh, Other day visited the project site and saw work is going on for this project. Came to know that the builder will handover the possession by mid 2016.Hey Ramesh, Other day visited the project site and saw work is going on for this project. Came to know that the builder will handover the possession by mid 2016.
Q: We had booked a flat in C Wing Prity Park in May 2010...from March 11, the construction is stopped completely..no construction for the last 3 yrs...paying full EMI + Rent (for the present flat)...too much under emotional and financial burden...Builder doesnt even care to meet us and give a proper reply...every time they say "work gonna start in a months time"....is there any other buyer like us on the same boat? kindly reply...

My comments to replies
Mr Ashish, let me tell you one thing!!. Real estate market keeps fluctuating now and then. You can invest in a property right now since the market condition is good. But nothing can be said about future prospects since it totally depends upon how volatile the real estate market is in the coming years. You may notice prices getting appreciated or getting depreciated.
I totally agree with you Mr Lalit in this aspect. As far transport, connectivity and infrastructure is concerned, Ghodbunder road has it all. The roads are well relaid and are wide enough to meet high density traffic. Thane station is just approx 5-6 kms from Ghodbunder Road. There are TMC buses running from Thane going towards central Mumbai, western suburbs and to Navi Mumbai. Moreover Ghodbunder road is close to many good education institutes, hospitals, malls, multiplexes, entertainment hubs, hotels and banks. Overall an excellent locality to reside in Thane.
11th February 2014

Q: Can anybody let me know what are the flats available in Sapta Shree Heights??
My replies to this discussion
Hi Sandeep, Thank u so much for the details provided about banks offering loans. Are there any good schools located in and around the project so that I can admit my son in nearby school.Hi Sandeep, Thank u so much for the details provided about banks offering loans. Are there any good schools located in and around the project so that I can admit my son in nearby school.
Q: Can somebody tell me how many phase are there in this project and when will it be ready to occupy??

My replies to this discussion
Hi Sandeep, Many leading banks like HDFC, SBI, India Bulls and ICICI banks are offering finance for this project. It is upto you to decide whether you are opting for fixed method or floating method. In case you are going for long tenure repayment, then I suggest fixed method is the ideal one to opt for.Hi Sandeep, Many leading banks like HDFC, SBI, India Bulls and ICICI banks are offering finance for this project. It is upto you to decide whether you are opting for fixed method or floating method. In case you are going for long tenure repayment, then I suggest fixed method is the ideal one to opt for.
Q: Can somebody let me know about the Ghodbunder Road locality in Thane west??

My comments to replies
Hi Sunil, There is no doubt that Ghodbunder Road is emerging as one of the fast developing localities in Thane west in current times. The current rate that is prevailing in Ghodbunder Road is Rs. 8540 per sqft. List of some of the projects coming up in Ghodbunder Road are: #. Hiranandani Estate Oxford #. Vihang Valley Pearl #. Tropical Lagoon #. Balaji Trinity Heights #. Uma Acropolis #. Unique Greens #. Raj Tattva
Hi Ramesh, Here are the list of some of the builders who are coming up with projects in high segment and mid segment group. They include 1. Hiranandani Builders 2. Vihang Group 3. Soham Group 4. Balaji Group 5. Uma Group 6. Unique Shanti Developers 7. Rajesh Life Spaces
12th February 2014

Q: Can somebody let me know what is the possession date of this project??

My replies to this discussion
Hello Abhi, Well if you are really interested in going for this property, then this is the right time to book a flat as bookings are open for Phase 2. Builders have a good reputation of themselves as one of the best emerging builders. HDIL are into real estate industry for last 17 years and have achieved tremendous growth during this period. They have completed many residential as well as commercial projects and have many happy satisfied customers under their belt.Hello Abhi, Well if you are really interested in going for this property, then this is the right time to book a flat as bookings are open for Phase 2. Builders have a good reputation of themselves as one of the best emerging builders. HDIL are into real estate industry for last 17 years and have achieved tremendous growth during this period. They have completed many residential as well as commercial projects and have many happy satisfied customers under their belt.
Q: Can somebody mention what are the flats available in Nirmal Panorama and when is the handover date of the same??

My comments to replies
Hi, I am planning to book a flat in Mulund west shortly for self use or from investment point of view. Will I get good appreciation or resale value if I plan to sell it in future. What impact will it have on the real estate once the metro becomes operational between Ghatkopar and Mulund??
Hello, Buying a property in Mulund west is a good option in present times. But as you may be aware that real estate market is unpredictable. Property prices shoot up significantly and drop back based on market factors. But once the metro becomes operational between Ghatkopar and Mulund, the prices of the property are going to witness an uptrend. This will definitely push the property prices higher since the demand for homes will go up significantly.
14th February 2014

My replies to this discussion
Hi Yashwant, Came to know that you are planning to buy a home in Nalasopara west. But you haven't mentioned whether are you looking for independent house or a flat. Do specify about your requirements.Hi Yashwant, Came to know that you are planning to buy a home in Nalasopara west. But you haven't mentioned whether are you looking for independent house or a flat. Do specify about your requirements.
Q: Has anybody booked a flat in Nirmal Turquoise?? What is the status of the project??
My replies to this discussion
Hi Abhishek, Well got to know that the project is already been launched 6 months back and construction is going on in full swing. Nirmal Turquoise has 1 block having 39 floors and is located close to Nirmal mall in Mulund west since I have booked a 2 BHK flat in this project.Hi Abhishek, Well got to know that the project is already been launched 6 months back and construction is going on in full swing. Nirmal Turquoise has 1 block having 39 floors and is located close to Nirmal mall in Mulund west since I have booked a 2 BHK flat in this project.
Q: I am planning to buy a 2 BHK flat in Mulund west. Can somebody throw some light about the locality.

My replies to this discussion
Hi, I am looking for a 2 BHK flat in Mulund west. Can anybody provide me a list of good projects coming up in Mulund west. My budget is around 80 lakhs. Also would like to know which are the builders are going ahead with their projects in this locality??Hi, I am looking for a 2 BHK flat in Mulund west. Can anybody provide me a list of good projects coming up in Mulund west. My budget is around 80 lakhs. Also would like to know which are the builders are going ahead with their projects in this locality??
Q: It seems that property market is under boom in MMR but property prices are falling in Mumbai suburbs.
My replies to this discussion
Hi Abhishek, Hey did you come to know that sale of apartments in MMR region consisting of Mumbai, Navi Mumbai, Thane, Kalyan and Dombivili has increased by 30% as per a recent survey conducted by real estate research firm. But the bad news is that the prices of the apartments in Greater Mumbai has declined by 6% stating that the real estate situation is Mumbai continue to be in bad shape.Hi Abhishek, Hey did you come to know that sale of apartments in MMR region consisting of Mumbai, Navi Mumbai, Thane, Kalyan and Dombivili has increased by 30% as per a recent survey conducted by real estate research firm. But the bad news is that the prices of the apartments in Greater Mumbai has declined by 6% stating that the real estate situation is Mumbai continue to be in bad shape.
My replies to this discussion
Orchid Woods have flats ranging from 2 BHK, 3BHK and 4 BHK. The area for 2 BHK is about 1420 sqft and costs approx 2.30 crore. 3 BHK comes with area ranging from 1635 sqft to 1820 sqft and is priced between 2.64 crore to 2.94 crore. 4 BHK comes with larger area comprising 2465 sqft and are priced at almost touching 4 crores.Orchid Woods have flats ranging from 2 BHK, 3BHK and 4 BHK. The area for 2 BHK is about 1420 sqft and costs approx 2.30 crore. 3 BHK comes with area ranging from 1635 sqft to 1820 sqft and is priced between 2.64 crore to 2.94 crore. 4 BHK comes with larger area comprising 2465 sqft and are priced at almost touching 4 crores.
Q: Hey, Did you hear that BMC is going to impose double tax on illegal additions in flats.
My replies to this discussion
Hello Abhishek, It seems that BMC will soon start collecting penalty for unauthorized constructions or extensions at twice the property tax levied on the entire illegal area. This was stated by the commissioner of the BMC while tabling the budget.Hello Abhishek, It seems that BMC will soon start collecting penalty for unauthorized constructions or extensions at twice the property tax levied on the entire illegal area. This was stated by the commissioner of the BMC while tabling the budget.
My replies to this discussion
Also heard that flats come with branded sanitary fittings, concealed internal wiring, vitrified tile floors, French windows, and fire fighting systems.Also heard that flats come with branded sanitary fittings, concealed internal wiring, vitrified tile floors, French windows, and fire fighting systems.
My replies to this discussion
Hi, visited the site yesturday, being sunday no construction was going .. it was not possible to see at what pace the work is going on...quality of construction is very ordinary and below standard compared to to their V-K ROAD project model flat looking at the current situation it will take another year to complete.Hi, visited the site yesturday, being sunday no construction was going .. it was not possible to see at what pace the work is going on...quality of construction is very ordinary and below standard compared to to their V-K ROAD project model flat looking at the current situation it will take another year to complete.
Q: What are the flats available in Tata Gateway Towers and when will be the possession given??

My replies to this discussion
Mr Abhishek, Recently visited the office site and got to know that 2 BHK costs Rs. 1.70 crore onwards for flat having an area of 1450 sqft. The prices for 3 BHK comes to about 2.35 crore onwards and the flats have total built up area measuring 2000 sqft to 2360 sqft.Mr Abhishek, Recently visited the office site and got to know that 2 BHK costs Rs. 1.70 crore onwards for flat having an area of 1450 sqft. The prices for 3 BHK comes to about 2.35 crore onwards and the flats have total built up area measuring 2000 sqft to 2360 sqft.
Q: When is the project is going to take off? When will the possession be given??

My comments to replies
Hi Abhijit, Got in touch with one of the company executive and heard that an old building which was existing in this place was demolished and the project is coming up in its place. Project has been launched and work will soon commence from month of March or April. Most likely the possession will take place by Dec 2016.
Hmmm!!! Good. Nice to know that work will commence in about 2 months time. May I know what are the flats available, price and amenities provided by the builder.
26th February 2014

Q: Can anybody tell me more about Dhanshree Sankalp. When is the possession of the same???

My replies to this discussion
Hi, What is the present price per sqft and which banks are providing loans for this project?? Is it worth to invest in this project or in this locality. Can I have a high return on money invested??Hi, What is the present price per sqft and which banks are providing loans for this project?? Is it worth to invest in this project or in this locality. Can I have a high return on money invested??
Q: It seems that 1 BHK properties are high in demand in Marol in Andheri East.

My replies to this discussion
Hi, Another reason for this huge demand for 1 BHK flat is the presence of many IT and ITES in and around the region like Marol, Seepz and MIDC. So many employees working in various companies at mid level designations are getting attracted to these budget flats which in turn is making the demand for 1 BHK push up.Hi, Another reason for this huge demand for 1 BHK flat is the presence of many IT and ITES in and around the region like Marol, Seepz and MIDC. So many employees working in various companies at mid level designations are getting attracted to these budget flats which in turn is making the demand for 1 BHK push up.
Q: Can anybody tell me when the occupancy certificate will be given??

My comments to replies
Hi, I came across that the project is being promoted by reputed builders called Neelam Realtors who are into real estate industry for last 33 years. They have completed as many as 18 residential projects and are coming up with few more ongoing and upcoming residential projects in Mumbai and Thane.
Hello to All, Spoke with one of the marketing executive and got confirmed that there will be no water problem in Neelam Spiro. The flats have already have the municipal water connection and moreover they also have bore water connection meeting the requirements of the entire floors.
27th February 2014

Q: How good is Mulund East for living?? Does the locality have any water or power issues???
My replies to this discussion
Dear Abhishek, Mulund East is well connected by local trains as well as by BEST services. Many bus services start from Mulund bus depot going towards western suburbs, central suburbs as well as to Navi Mumbai at frequent intervals. Local trains also have a halt at Mulund station coming from CST and going towards Dombivali, Kalyan, Kasara, Ambernath and Titwala. When compared to buses the trains are fast, quick and reasonable modes of public transport .Dear Abhishek, Mulund East is well connected by local trains as well as by BEST services. Many bus services start from Mulund bus depot going towards western suburbs, central suburbs as well as to Navi Mumbai at frequent intervals. Local trains also have a halt at Mulund station coming from CST and going towards Dombivali, Kalyan, Kasara, Ambernath and Titwala. When compared to buses the trains are fast, quick and reasonable modes of public transport .
Q: Kindly tell me how is Ulwe locality. Is this area the best locality to invest in Navi Mumbai???

My replies to this discussion
Hi Abhi, In my opinion I think you should invest in a property in Ulwe as the land rates are quite cheap and affordable when compared to localities like Seawoods and Vashi. Though rates are exorbitant in Vashi, Ulwe is the best choice to buy or invest in a property. It seems that in last 5 years the prices of the properties in Ulwe has appreciated between 25-30%. The average price per sqft that is prevailing in Ulwe is around Rs. 5700 per sqft.Hi Abhi, In my opinion I think you should invest in a property in Ulwe as the land rates are quite cheap and affordable when compared to localities like Seawoods and Vashi. Though rates are exorbitant in Vashi, Ulwe is the best choice to buy or invest in a property. It seems that in last 5 years the prices of the properties in Ulwe has appreciated between 25-30%. The average price per sqft that is prevailing in Ulwe is around Rs. 5700 per sqft.
Q: What are the cost of the flats in Tricity Enclave??
My replies to this discussion
Hi, Can somebody let me know some good housing projects in Ulwe. What is the price trend in terms of sqft that is going on in Ulwe? Will i see any appreciation in price in 5 years from now.Hi, Can somebody let me know some good housing projects in Ulwe. What is the price trend in terms of sqft that is going on in Ulwe? Will i see any appreciation in price in 5 years from now.
Q: When is the builder giving the possession??
My replies to this discussion
Hi, I came across that SM Vision has 2 and 3 BHK flats available. The area for 2 BHK range from 1165-1175 sqft and are priced between 75.72-76.38 lakhs. 3 BHK have large carpet area measuring 1350-1525 sqft and the price starts from 87.76 lakhs and goes upto 98.12 lakhs. The builder is charging Rs. 6500 as rate per sqft.Hi, I came across that SM Vision has 2 and 3 BHK flats available. The area for 2 BHK range from 1165-1175 sqft and are priced between 75.72-76.38 lakhs. 3 BHK have large carpet area measuring 1350-1525 sqft and the price starts from 87.76 lakhs and goes upto 98.12 lakhs. The builder is charging Rs. 6500 as rate per sqft.
Q: Hi, i was looking at properties in pune..but there were some news of price comming down and i was wondering if i should take loan and get home or continue with rent....
My replies to this discussion
Well Mr sunil, to take a loan or not is an individual decision based on various factors ...but what i have observed is that teh pune market is quite stable and there are chances of increase in prices..so waitiong for the prices of property to come does doesnt seem a good option.Well Mr sunil, to take a loan or not is an individual decision based on various factors ...but what i have observed is that teh pune market is quite stable and there are chances of increase in prices..so waitiong for the prices of property to come does doesnt seem a good option.
Q: When is the developer handing the possession of the project??
My comments to replies
Hi Abhijit, Came to know that the project was just launched in Dec 2013 and possession is likely by March 2016. Also heard that there are totally 15 floors in this project.
Oh Nice!!!!. May I know what is the rate per sqft the builder is charging?? What are the flats available in this project, the rate and the amenities provided. Is it worth investing in this project?? Do revert back.
5th March 2014

Q: What is the rate per sqft in this project and how good is the connectivity to other places since I am planning to buy a flat in this project
My replies to this discussion
Hello Arup, Reliable Heritage has 1 and 2 BHK units which are specifically designed to give the right ambiance of living and contemporary styling. 1 BHK comes with area having 670 sqft and are priced at 28.47 lakhs. The area for 2 BHK comes to about 920 sqft and costs anywhere around Rs. 39.10 lakhs. Totally there are 14 floors in this project which is located at Gokhivare in Vasai East.Hello Arup, Reliable Heritage has 1 and 2 BHK units which are specifically designed to give the right ambiance of living and contemporary styling. 1 BHK comes with area having 670 sqft and are priced at 28.47 lakhs. The area for 2 BHK comes to about 920 sqft and costs anywhere around Rs. 39.10 lakhs. Totally there are 14 floors in this project which is located at Gokhivare in Vasai East.
Q: It seems that there is a high demand for affordable housing in metro cities.
My replies to this discussion
Hello Abhishek, A recent study carried out found that there are certain cities that still offer affordable housing. The study found that Bangalore was the most affordable residential market with about 77% under-construction projects falling below the price tag of Rs. 50 lakhs. Chennai was the second most affordable city in the country with about 75% projects falling below this price tag. Pune is another city that has emerged as one of the most sought after real estate destination with decent affordability. This is primarily due to its proximity to Mumbai and the demand spillover to nearby cities. Even tier 2 cities like Coimbatore, Kochi, Indore and Lucknow are gradually emerging as hot investment destinations. Soon a day will come when these tier 2 cities will give a tough competition with metro cities as far the real estate market is concerned.Hello Abhishek, A recent study carried out found that there are certain cities that still offer affordable housing. The study found that Bangalore was the most affordable residential market with about 77% under-construction projects falling below the price tag of Rs. 50 lakhs. Chennai was the second most affordable city in the country with about 75% projects falling below this price tag. Pune is another city that has emerged as one of the most sought after real estate destination with decent affordability. This is primarily due to its proximity to Mumbai and the demand spillover to nearby cities. Even tier 2 cities like Coimbatore, Kochi, Indore and Lucknow are gradually emerging as hot investment destinations. Soon a day will come when these tier 2 cities will give a tough competition with metro cities as far the real estate market is concerned.
Q: Has the project taken off and what is the price for 2 BHK flats?? Has anybody else booked on this project??
My comments to replies
Hello Abhijit, Came to know that project has just been launched 2 months back and construction work is progressing with laying the foundation for pillars. Kamdhenu Oaklands has 2 BHK flats having area ranging from 1160-1260 sqft and are priced between 64.07-69.75 lakhs. As the bookings have already begun, I have booked a 2 BHK flat in this project.
Oh I C!!!!!. Hmmm. Before booking a flat in this project would like to clarify if the project has approved all the required sanctions and approvals from concerned authorities. If yes then, then which are the banks are providing home loans for this project. What is the delivery status?? Your suggestions will be greatly appreciated??
6th March 2014

Q: Can some one tell me when are they going to handover the project?? Has it got all the required approvals?? Please do let me know about it.
My replies to this discussion
Hey Abhishek, Platinum Regalo has G+6 floors and consists of 1 and 2 BHK flats. The area for 1 BHK comes to about 670 sqft and they are quoting Rs.38 lakhs which includes registration, stamp duty and other charges. 2BHK have an area measuring 985 sqft and are priced at Rs. 58 lakhs including registration and VAT.Hey Abhishek, Platinum Regalo has G+6 floors and consists of 1 and 2 BHK flats. The area for 1 BHK comes to about 670 sqft and they are quoting Rs.38 lakhs which includes registration, stamp duty and other charges. 2BHK have an area measuring 985 sqft and are priced at Rs. 58 lakhs including registration and VAT.
Q: Can anybody let me know hos is the connectivity to the site. Are there any reputed schools and colleges nearby as I am planning to book a flat?
My replies to this discussion
Hi, Since bookings are going on in full phase since its launch in Nov 2013 and I have booked a 1 BHK flat in Lodha Casa Bella. To my knowledge the transport availability and connectivity is good enough. Buses are available on frequent basis from Dombivili towards Kalyan, Bhiwandi, UllasNagar, Thane and Shahad. Kalyan station is just 2.5 kms from the project and one can also easily get autos and taxis. Kalyan being an important railway junction for Indian Railways has many long distance trains having a stoppage.Hi, Since bookings are going on in full phase since its launch in Nov 2013 and I have booked a 1 BHK flat in Lodha Casa Bella. To my knowledge the transport availability and connectivity is good enough. Buses are available on frequent basis from Dombivili towards Kalyan, Bhiwandi, UllasNagar, Thane and Shahad. Kalyan station is just 2.5 kms from the project and one can also easily get autos and taxis. Kalyan being an important railway junction for Indian Railways has many long distance trains having a stoppage.
Q: It seems that Mumbai has fallen to 28th position in the list of worlds most expensive locations for high end rentals.
My replies to this discussion
Hi, I heard it as Hong Kong remained the most expensive location in the world despite rents falling for the second consecutive year, followed by Moscow, Caracas, NewYork and London. While rental prices in Mumbai have remained largely static over the past 12 months, a weaker rupee has meant that the cost of renting a 3-bed high end apartment actually fell by about 15 per cent when converted into US dollars for comparison.Hi, I heard it as Hong Kong remained the most expensive location in the world despite rents falling for the second consecutive year, followed by Moscow, Caracas, NewYork and London. While rental prices in Mumbai have remained largely static over the past 12 months, a weaker rupee has meant that the cost of renting a 3-bed high end apartment actually fell by about 15 per cent when converted into US dollars for comparison.
Q: Planning to buy a flat in this project. Has the project already been launched and when is its due possession date?
My replies to this discussion
Hello, U there, Can anybody let me know which banks are providing finance for this project. Has the project got all the approvals from concerned department. Is there any water problems in this project?? Kindly let me know.Hello, U there, Can anybody let me know which banks are providing finance for this project. Has the project got all the approvals from concerned department. Is there any water problems in this project?? Kindly let me know.
Q: I am interested in booking a 1 BHK flat in this project. Do I have to pay extra charges for club house??
My replies to this discussion
Hi, Want to know who has approved the project and how well is the connectivity from this place where the project is located?? Is there any scope for appreciation in case I book the project for investment purpose?Hi, Want to know who has approved the project and how well is the connectivity from this place where the project is located?? Is there any scope for appreciation in case I book the project for investment purpose?
Q: Planning to book a flat in this project? What are the amenities and specifications available? Do let me know about it?
My replies to this discussion
Hey u there!!!!!. I found out from sales executive that Nathani Heights in one of the ongoing projects developed by Nathani Group . The flats come with 2 and 3 BHK units. The area for 2 BHK comes to about 1890 sqft and are priced at Rs. 4.45 crore. 3 BHK comes with area measuring 3500 sqft and the cost comes to about Rs. 8.22 crore. Work has already been started since October 2013 and possession is likely by Dec 2016. The builder is charging Rs. 23500 as the rate per sqft.Hey u there!!!!!. I found out from sales executive that Nathani Heights in one of the ongoing projects developed by Nathani Group . The flats come with 2 and 3 BHK units. The area for 2 BHK comes to about 1890 sqft and are priced at Rs. 4.45 crore. 3 BHK comes with area measuring 3500 sqft and the cost comes to about Rs. 8.22 crore. Work has already been started since October 2013 and possession is likely by Dec 2016. The builder is charging Rs. 23500 as the rate per sqft.
Q: I am planning to buy a flat in Kul Radiance. What is the present rate the builder is charging per sqft?
My replies to this discussion
Hey Abhishek, Yes indeed the project has already been launched in Oct 2013 and work is under progress with laying the pillars. Came to know that mostly the possession will take place by Mar 2016. The apartments have 1,2, and 3 BHK units. 1 BHK has an area measuring 600 sqft and comes to approx Rs. 1.16 crore. 2 BHK comes with 870 sqft area and costs about 1.69 crore. Area for 3 BHK has 1480 sqft and is priced at Rs. 2.88 crore.Hey Abhishek, Yes indeed the project has already been launched in Oct 2013 and work is under progress with laying the pillars. Came to know that mostly the possession will take place by Mar 2016. The apartments have 1,2, and 3 BHK units. 1 BHK has an area measuring 600 sqft and comes to approx Rs. 1.16 crore. 2 BHK comes with 870 sqft area and costs about 1.69 crore. Area for 3 BHK has 1480 sqft and is priced at Rs. 2.88 crore.
Q: Can somebody tell me how is the connectivity and infrastructure in and near this project?

My replies to this discussion
Hi Arup, Visited the site some weeks back to have a look at the status. The flats are well linked by road and rail modes of transport. Bus services run by BEST are easily available from the site where the ongoing flats are coming up. In fact there is also a bus stop very near to the site. Khar station is only 2.8-3 kms where one can hop on into the locals to reach Andheri, Santacruz, Borivili, Malad, Jogeshwari and Vile Parle. One can also hire a taxi and autos which are easily available from this place. Mumbai CST airport is about 5 kms and Dadar Terminus is located at a distance of 5.6 kms from here. Overall the flats are centrally located.Hi Arup, Visited the site some weeks back to have a look at the status. The flats are well linked by road and rail modes of transport. Bus services run by BEST are easily available from the site where the ongoing flats are coming up. In fact there is also a bus stop very near to the site. Khar station is only 2.8-3 kms where one can hop on into the locals to reach Andheri, Santacruz, Borivili, Malad, Jogeshwari and Vile Parle. One can also hire a taxi and autos which are easily available from this place. Mumbai CST airport is about 5 kms and Dadar Terminus is located at a distance of 5.6 kms from here. Overall the flats are centrally located.
Q: Can anybody tell me when was this project launched and its completion date as I have plan of booking a flat in this project.
My replies to this discussion
Hi Abhishek, The flats come with G+4 floors and has 1 and 2 BHK units. The price for 1 BHK comes to about Rs. 12.60-14.77 lakhs which has an area ranging from 530 sqft to 625 sqft. 2 BHK have an area measuring between 715 sqft-825 sqft and costs approx 16.90 onwards and goes upto Rs. 19.57 lakhs. The builder is charging Rs. 2365 as present rate per sqft.Hi Abhishek, The flats come with G+4 floors and has 1 and 2 BHK units. The price for 1 BHK comes to about Rs. 12.60-14.77 lakhs which has an area ranging from 530 sqft to 625 sqft. 2 BHK have an area measuring between 715 sqft-825 sqft and costs approx 16.90 onwards and goes upto Rs. 19.57 lakhs. The builder is charging Rs. 2365 as present rate per sqft.
Q: How is the real estate market and how good is the locality for investment purpose? Need expert advice?
My comments to replies
I am not expert to give advice but i will try to help you, Kalyan is good locality i must say. For investors it is good place because currently rates are quite low in kalyan compare to other localities in Mumbai.
Yeah I do totally agree with you in this aspect Dimpi.
13th March 2014

Q: I am interested in this project for outright purchase? May I know any banks providing home loans for this project?
My replies to this discussion
Hello Abhishek, So car parking is extra is it!!!!. I thought it is included in the price of the flat. I am interested in buying a 1 BHK in this project as the amenities provided are as per my liking. But my question is where exactly is the project located and how well is the connectivity to this project?Hello Abhishek, So car parking is extra is it!!!!. I thought it is included in the price of the flat. I am interested in buying a 1 BHK in this project as the amenities provided are as per my liking. But my question is where exactly is the project located and how well is the connectivity to this project?
Q: Hi, Good News to the Mumbai residents. It seems that the work on the Mumbai Metro Phase III is going to start soon. Yahoooo!!!!
My comments to replies
Dear Abhijit, To raise funds for the metro project, the Govt. is also going to impose a betterment charges from construction projects which are located within 500 mts of the transport corridor.
Hello, Because of this hike the construction of the projects including the ones which are meant for redevelopment will be doubly hit with the Govt citing the same reason for proposing hike in development charges from such projects.
14th March 2014

My comments to replies
Hi, Are there any reputed hospitals located in the vicinity of the project which has good medical facilities??
Hello Abhishek, There are several super specialty hospitals and medical centers which are located in a distance of about 3 kms from the project site. The list of hospitals include: 1. Paramount Hospital 2. Joshi Clinic 3. Purohit Hospital 4. Sahashravudhe Hospial & ICU 5. Shreeyash Hospital 6. Life Line Hospital 7. Dr. Patils Hospital
24th March 2014

Q: Hi, i was looking to buy a 2bhk..please advice on the area and prices
My replies to this discussion
Hey, can anyone please update about the locality..Hey, can anyone please update about the locality..
Thanks Shwetha..i also will like to know the construction update..........Thanks Shwetha..i also will like to know the construction update..........
My comments to replies
Hey, can anyone please update about the locality..
HI, Shweta, which banks are funding??
22nd March 2014

Q: Has the booking commenced for this project and when is the expected possession date?
My replies to this discussion
Hi, I would like to have a site visit? How is it possible. Anybody to help me out in this aspect. Has anybody undertaken site visit before? Do let me know.Hi, I would like to have a site visit? How is it possible. Anybody to help me out in this aspect. Has anybody undertaken site visit before? Do let me know.
Q: What are the future prospects on investing in this locality? Will it fetch good returns in coming years?
My comments to replies
Hi Abhijit, Thanks for the updates. Can somebody tell me a list of good ongoing or upcoming projects in Mira road and Bhayander as I have plans of buying a flat in this locality.
Hey Abhishek, There are many ongoing and upcoming residential projects that are taking place. Some of the list of projects coming up in Mira Road and Bhayander are: 1. Chandan Plaza 2. Tejaswini Apartment 3. Solitire Heights 4. Sagar Drasti 5. Raj Lifestyle 6. Chandresh Accord 7. Roha Serene Heights 8. Nida Amisha 9. Aakruthi Kiran 10. Rashmi Drashant 11. Sindhu Palace 12. Queens Regency
25th March 2014

Q: Hi, Can anybody say if the project has been launched and when will be its possession date?
My replies to this discussion
Hello, Hmmm.K. Looks like they are providing decent amenities for quite rightly priced flats. How good is the transport and connectivity from the site to other localities in Mumbai?Hello, Hmmm.K. Looks like they are providing decent amenities for quite rightly priced flats. How good is the transport and connectivity from the site to other localities in Mumbai?
Q: Has anybody booked a flat in this project? Does someone have any idea about the builder credentials?
My replies to this discussion
Dear Abhishek, Yeah the project has already taken off about 4 months back and construction work is in full swing. Spoke to the sales executive and came to know that the possession is likely by Dec 2015. The flats come with 2 BHK units and have an area measuring approx 1000 sqft. The cost for the same comes to about Rs. 1.35 crore.Dear Abhishek, Yeah the project has already taken off about 4 months back and construction work is in full swing. Spoke to the sales executive and came to know that the possession is likely by Dec 2015. The flats come with 2 BHK units and have an area measuring approx 1000 sqft. The cost for the same comes to about Rs. 1.35 crore.
Q: Hi, Looks like 7 mega infrastructural projects are going to roll in 2014 in Mumbai?
My comments to replies
Hi All, I also heard that the 3rd phase of the Eastern Freeway connecting Panjarpol-Mankhurd- Chembur is being taken up which is an elevated road having a total length of 3.65 kms and constructed at a cost of Rs. 294 crores.
Hi Abhishek, Yeah a very huge sum of money being invested in these projects. But once the projects gets completed, what impact will it have on the real estate market ?
27th March 2014

Q: Can anybody tell me how is the builder of this project as I am planning to book a flat in this project.
My comments to replies
Hello Ashish, Got in touch with the sales guy and came to know that the flats come with 1 and 2 BHK units. 1 BHK has an area of 660 sqft and are priced at Rs. 28.30 lakh. 2 BHK comes with 900 sqft area and price starts from Rs. 38.25 lakh onwards. The project is coming up in Viva college road in Virar west.
Well thanks for the updates Mr Abhijit. Want to know when was this project launched and whats is its delivery date? Does the apartments have any water problems? How is the overall connectivity to this project?
28th March 2014

Q: Hey, Where exactly is the flats coming up and when is the possession date of the same?
My comments to replies
Hi, The apartments are coming up in Neral enroute to Khandala and Pune. Surrounded by lush greenery and undulating hills, Xrbia, Neral offers you more than what you expect. Spread across 60 acres, Xrbia, is a place that is in complete harmony with nature. With breathtaking views and on the banks of the serene river Chillar, Xrbia is a tranquil retreat of affordable apartments. The property has dedicated green open spaces like playgrounds, pools, parks, roads, and other recreation areas for its citizens. Got to know that the possession will take place by June 2016 as work has already started in this project.
Hi Arup, Looks like one can have a beautiful scenery at the backdrop of the project. Wow!!! What a place to be. "Feel like Heaven". Can somebody update me about the units available and the price?
28th March 2014

My comments to replies
How much they are asking for the booking? Is there any 1.5 BHK available? When are they giving possession of the property?
Well Sishir, The booking amount will be 20% of the agreement value. Earlier they are charging Rs. 150/sq-ft as development charges now they have increased the rate by Rs.50/sq-ft. Yes, there is only one 1.5BHK available in building no-6B, flat no-104. The date of possession will be December'2016.
25th August 2015
Hmm..... I think you have planned to buy. Am i right? Well, all the required approvals are in place as project comes under CIDCO. Almost all the nationalize bank and financial institutions have approved this project for housing loan.
25th August 2015

Q: Had booked almost 4 years back.... No communications with the builders. Now they seek a increase in premium for per square feet....... Not my problem if they took the advance and put an fullstop to the construction......

My replies to this discussion
Hi, If you are planning to buy property in Mumbai, here are some good project with reputed developer of Mumbai. These are Lodha Palava City in Dombivli East, Lokhandwala Octacrest in Kandivali East, Lodha Lakeshore Greens in Dombivli East, Adani Western Heights in Andheri West, Hiranandani Gardens in Powai, Hubtown Rising City in Chembur, L&T Emerald Isle in Powai, Codename The Centre in Dombivli East, JP Decks in Goregaon East, Bhoomi Acropolis in Virar West etc.Hi, If you are planning to buy property in Mumbai, here are some good project with reputed developer of Mumbai. These are Lodha Palava City in Dombivli East, Lokhandwala Octacrest in Kandivali East, Lodha Lakeshore Greens in Dombivli East, Adani Western Heights in Andheri West, Hiranandani Gardens in Powai, Hubtown Rising City in Chembur, L&T Emerald Isle in Powai, Codename The Centre in Dombivli East, JP Decks in Goregaon East, Bhoomi Acropolis in Virar West etc.
My comments to replies
Hi, If you are planning to buy property in Mumbai, here are some good project with reputed developer of Mumbai. These are Lodha Palava City in Dombivli East, Lokhandwala Octacrest in Kandivali East, Lodha Lakeshore Greens in Dombivli East, Adani Western Heights in Andheri West, Hiranandani Gardens in Powai, Hubtown Rising City in Chembur, L&T Emerald Isle in Powai, Codename The Centre in Dombivli East, JP Decks in Goregaon East, Bhoomi Acropolis in Virar West etc.
@Kishore Pathak, It is the Goregaon (East), the locality between Kalamboli and Panvel and if you go area by area, they have seen plenty of advantage between Vasai-Virar belt and now it seems to be between Kalyan and Dombivli on the central corridor beyond Thane city and the city like Bhiwandi where there is lot of grip and appreciation. If you go further east, it is the Kalamboli and Panvel.
14th April 2015

Q: Is there any one booked flat in Genevia- A? i booked my flat in 2011 and still not clear about the possession.

My comments to replies
Genevia - A is one of the clusters in project Lodha Casa Rio.
As far as its locality is concerned Dombivali is a suburb of Mumbai located in Thane district and comes under Kalyan-Dombivli Municipal Corporation (KDMC). Divided into two major parts i.e. Dombivali East and Dombivali west, the place is located at a distance of 50 kms from Mumbai, around 20 kms from Thane and about 30 kms from Navi Mumbai (Vashi).
5th September 2014

Q: Hi..what are the revised Stamp and registration charges in Maharashtra ?

My comments to replies
Hello Everyone, The stamp duty and registration charges have been revised in March 2014. In Maharashtra the Stamp Duty within Municipal Corporation Boundary is 5%, within Municipal Council Boundary is 4% and within Gram Panchayat Boundary is 3% whereas the Registration Fees is 1% for all.
What is the LBT charges in Maharashtra? Which all documents required for it?
14th July 2015

Q: Who is a better builder.Which one is a better project and which loaclity is better
My comments to replies
Hi all, I am looking to invest around Rs. 35 Lakhs in a 1 BHK property in Mumbai, Navi Mumbai or Thane. Kindly let me know which location will give me the maximum return in around 2-3 years time?
Hello Abhishek, If you consider old constructions of CIDCO you might get a deal along with additional renovation cost but if you are considering new projects than you must consider Ulwe and Panvel area at your budget. Distinguishing different projects of a particular area in the light of appreciation on investment is very difficult task. The area can be generalized but personally checking different factors like the location, construction quality, rates quoted, possession date, overhead charges, approvals obtained etc.
7th July 2014

Q: Hi, i am planning to buy a 1BHK in 612 sq-ft. What will be the booking amount? Which are the banks providing home loan for this project
My replies to this discussion
Nirmal Lifestyle City, Ambivali, Mumbai by Nirmal Lifestyle is under construction project and it is expected that the date of possession will be December'2015.Nirmal Lifestyle City, Ambivali, Mumbai by Nirmal Lifestyle is under construction project and it is expected that the date of possession will be December'2015.
About Developer:- Established in the year 1975, Nirmal Lifestyle is a well-known real estate development company based in Mumbai. The company was founded by Late Mr. S. P. Jain and Mr. Dharmesh S. Jain is the Managing Director of the company. The primary business of Nirmal Lifestyle involves development of properties for residential, commercial, retail and hospitality sectors. So far the company has constructed over 50 lac sq. ft. of land spaces. Some of their projects are ongoing residntial projects are Nirmal Lifestyle One, Nirmal Turquoise, Nirmal Panaroma, Nirmal Olympia, Nirmal Center Court, Nirmal Colosseum, Nirmal Omega, Nirmal Thames and Nirmal Sports City in Mumbai.About Developer:- Established in the year 1975, Nirmal Lifestyle is a well-known real estate development company based in Mumbai. The company was founded by Late Mr. S. P. Jain and Mr. Dharmesh S. Jain is the Managing Director of the company. The primary business of Nirmal Lifestyle involves development of properties for residential, commercial, retail and hospitality sectors. So far the company has constructed over 50 lac sq. ft. of land spaces. Some of their projects are ongoing residntial projects are Nirmal Lifestyle One, Nirmal Turquoise, Nirmal Panaroma, Nirmal Olympia, Nirmal Center Court, Nirmal Colosseum, Nirmal Omega, Nirmal Thames and Nirmal Sports City in Mumbai.
My replies to this discussion
HI Sameer, Sapna Sea Mist by Nanu Estates Pvt. Ltd. ideally located in the vicinity of the throbbing Miramar beach and the picturesque Arabian sea. It offers 3BHK in 153 sq-mt and the price is Rs. 70000/sq-mt. This project is ready for possession.HI Sameer, Sapna Sea Mist by Nanu Estates Pvt. Ltd. ideally located in the vicinity of the throbbing Miramar beach and the picturesque Arabian sea. It offers 3BHK in 153 sq-mt and the price is Rs. 70000/sq-mt. This project is ready for possession.
My comments to replies
Hi, I am planning to buy a unit of this project but unable to decide which project in i should invest. Can anybody tell me some ongoing project of Goa by the Nanu Estates Pvt. Ltd.?
Hi Ashish, There are so many ongoing project by Nanu Estates Pvt. Ltd. in Goa such as Sapna Palmeiras-Benaulim, Imperial-Betalbhatin, Woods-Margao, Legacy-Margao, Pavillion in Fatorda, Majestic-Fatorda and Raj Valley-Goa etc. Nanu Estates Pvt. Ltd. is among the leading real estate developers in the state, with quality design and on time delivery as their key strength. Nanu Estates Pvt.Ltd formerly known as Sapana Real Estate involved in the construction of residential and commercial projects in all the major towns of Goa. They have successfully completed more than 50 projects in Goa and still more to come.
16th May 2014
Well Ashish, This project is located at a short distances from Panjim and the Rajiv Gandhi IT Park & International Convention Center. The area is well-developed with several educational institutes, hospitals, entertainment centers, and shopping complexes. What about the key distances of this project to the other parts of the city, Ashish?
16th May 2014

Q: I was looking for investments and wish to know more about this project
My replies to this discussion
Sure Joydeep... this is a investment destination and in at Talasari on the Ahmedabad highway... It is a 100 acres planned township that will be a combination of serene rural life withe the combination of modern luxuries found in urban apartments.Sure Joydeep... this is a investment destination and in at Talasari on the Ahmedabad highway... It is a 100 acres planned township that will be a combination of serene rural life withe the combination of modern luxuries found in urban apartments.
My comments to replies
Sure Joydeep... this is a investment destination and in at Talasari on the Ahmedabad highway... It is a 100 acres planned township that will be a combination of serene rural life withe the combination of modern luxuries found in urban apartments.
Hmm.on plan are plots, studio apartments, 1 and 2 BHK flats and cottages, bungalows as well as row houses..
28th May 2014

What all development activities will be done by the builder???
Well, the developers will take care of street lights , section wise development of the area,economically balanced growth of the area with storm water and drainage system. as well as low cost housing with ample open spaces and parking zone, daily needs areas, shopping, busstops, banks and ATMs.
28th May 2014
Yeah!! no worries ..there will be international school, shopping plaza, restaurants and food court, water park , botanical garden, resort and club, all planned in this township complex.
29th May 2014

Q: Which all units are available now ? Can you share all the price details and size quoted for it ?

My replies to this discussion
HI, Ashapura Altura Ashapura Developers, the highest landmark in Malad. A 34 storey high rise, offers 2/3/4 BHK Apartments, Duplex & Sky Villas. 2BHk in 1172 sq-ft and 3BHK from 1700 sq-ft. It's current price is Rs. 10800/sq-ft. The cost of 2BHK will be around Rs. 1.26 cr whereas a 3BHK will cost to you Rs. 1.83 cr..HI, Ashapura Altura Ashapura Developers, the highest landmark in Malad. A 34 storey high rise, offers 2/3/4 BHK Apartments, Duplex & Sky Villas. 2BHk in 1172 sq-ft and 3BHK from 1700 sq-ft. It's current price is Rs. 10800/sq-ft. The cost of 2BHK will be around Rs. 1.26 cr whereas a 3BHK will cost to you Rs. 1.83 cr..
Ashapura Altura is approved by the major banks like HDFC, ICICI, Standard Charter etc. and expected to be completed by October'2017. The average property price in the locality is Rs. 14200/sq-ft.Ashapura Altura is approved by the major banks like HDFC, ICICI, Standard Charter etc. and expected to be completed by October'2017. The average property price in the locality is Rs. 14200/sq-ft.
Q: I am interested in 1BHK aprtment in Pristina. What is the rate.

My replies to this discussion
Hi Mahesh, All the units of this project has been sold out only 1or two units are available for resale in 448 sq-ft (carpet area), 640 sq-ft. (salable area), @ Rs. 17000+170 upward. It is a G+26 storeys apartment consists 3 towers. It is read to move project since December'2013.Hi Mahesh, All the units of this project has been sold out only 1or two units are available for resale in 448 sq-ft (carpet area), 640 sq-ft. (salable area), @ Rs. 17000+170 upward. It is a G+26 storeys apartment consists 3 towers. It is read to move project since December'2013.
My comments to replies
Hi Mahesh, All the units of this project has been sold out only 1or two units are available for resale in 448 sq-ft (carpet area), 640 sq-ft. (salable area), @ Rs. 17000+170 upward. It is a G+26 storeys apartment consists 3 towers. It is read to move project since December'2013.
Well Abhishek, Some of their ongoing projects are Hiranandani Gardens in Powai, Mumbai, Possession by December'2017, Hiranandani Zen in Powai, Mumbai, Possession by October'2018, Hiranandani Heritage Rivona in Kandivali West, Mumbai, Possession by March'2015, Hiranandani Heritage Estonia in Kandivali West, Mumbai, Possession by March'2015, Hiranandani Estate Rodas Enclave in Thane West, Possession by July'2015. Hiranandani Rodas Enclave Woodville in Thane West, Possession by December'2015, Hiranandani Estate Lavinia in Thane West, possession by December'2015 etc. Pristina is the 3rd feather in the cap of Hiranandani Heritage, after Estonia and Rivona. In terms of luxury and comforts Pristina begins from where Estonia and Rivona ends.
9th June 2014

Q: Hi can you tell me how is the project ? How is the locality of the project ?
My replies to this discussion
Hi everybody, I have inquired a lot about this project during my site visit and found some useful information which i want to share with you all. Raj Samruddhi by Raj Group located at Old Pune Expressway just 1 km from Panvel Chowk. It offers 1RK/1/2 BHK residential flats. It's sizes are 408-454 sq-ft in 1RK and 537-583 sq-ft in 1BHK. It is Stilt+4 storey apartment has 4-wings.Hi everybody, I have inquired a lot about this project during my site visit and found some useful information which i want to share with you all. Raj Samruddhi by Raj Group located at Old Pune Expressway just 1 km from Panvel Chowk. It offers 1RK/1/2 BHK residential flats. It's sizes are 408-454 sq-ft in 1RK and 537-583 sq-ft in 1BHK. It is Stilt+4 storey apartment has 4-wings.
Well Shreya, Yes, the price will be negotiable if you go through hard cash. Raj Samruddhi is a collectrate approved project and all the necessary approvals are in place. HDFC, AXIS, ICICI etc are funding this project.Well Shreya, Yes, the price will be negotiable if you go through hard cash. Raj Samruddhi is a collectrate approved project and all the necessary approvals are in place. HDFC, AXIS, ICICI etc are funding this project.
My comments to replies
Hi everybody, I have inquired a lot about this project during my site visit and found some useful information which i want to share with you all. Raj Samruddhi by Raj Group located at Old Pune Expressway just 1 km from Panvel Chowk. It offers 1RK/1/2 BHK residential flats. It's sizes are 408-454 sq-ft in 1RK and 537-583 sq-ft in 1BHK. It is Stilt+4 storey apartment has 4-wings.
Yes, Its current price is Rs.2700/sq-ft. and a 1RK from 408-454 sq-ft will cost you Rs. 12.94-14.14 lacs all inclusive. A 1BHK in 537 s-ft without terrace will cost you Rs. 17.3 lacs whereas a 583 sq-ft with terrace will cost you Rs. 18.49 lacs. Booking amount will be Rs. 1 lacs.
27th August 2015

Well Shreya, Yes, the price will be negotiable if you go through hard cash. Raj Samruddhi is a collectrate approved project and all the necessary approvals are in place. HDFC, AXIS, ICICI etc are funding this project.
Hello Vinu, Raj Samruddhi is in pre-launch phase and they will give its possession 2 years from the start of the construction works i.e. July, 2017.
27th August 2015

Q: Any idea about current construction status of Gaurav Woods II?

My replies to this discussion
HI all, Gaurav Woods is a G+2 Podium+21 Storied an luxurious of 3 towers, offering you 2/3BHK apartments with modern amenities. 2BHK from 1005-1090sq-ft and 3BHK in 1350sq-ft. The current price quoted by the developer is Rs. 7250/sq-ft and expected date of completion will be December'2015. HDFC, ICICI, HSBC are the leading financial institutions offering housing loan for this project.HI all, Gaurav Woods is a G+2 Podium+21 Storied an luxurious of 3 towers, offering you 2/3BHK apartments with modern amenities. 2BHK from 1005-1090sq-ft and 3BHK in 1350sq-ft. The current price quoted by the developer is Rs. 7250/sq-ft and expected date of completion will be December'2015. HDFC, ICICI, HSBC are the leading financial institutions offering housing loan for this project.
Q: Hey, read about increase in building sanction charges.Discuss!!
My replies to this discussion
yeah, even i hears that this will be increase from the existing Rs 60 per sqft to some percentage of the sales deed of the property...yeah, even i hears that this will be increase from the existing Rs 60 per sqft to some percentage of the sales deed of the property...
Q: Hi.. what is the ongoing price of this project and what all configurations are available in this??
My replies to this discussion
How are the amenities here?? what all facilities will be available??How are the amenities here?? what all facilities will be available??
My comments to replies
Hi, i was advised a basic price of around Rs 4000 for this project. They have quite a few sizes and options in 1 BHK, 1BHK+Study, 2 BHK, 2 BHK+study, 3 BHK and from sizes varying from 645sqft to 1105sqft.
How is the builder and have they done any project before??? and how is the location?
14th July 2014
Hmm... can you tell more about the location as in how far is i t from the stations ???
14th July 2014

Q: Hi, what is the ongoing rate in this project?

My replies to this discussion
Hi Rubiya, This is one of the projects by the Paradise developers and is priced at around Rs 8100/sqft and there are options of 1 BHk of 650-750 sqft and 2 BHK of 1300sqft.Hi Rubiya, This is one of the projects by the Paradise developers and is priced at around Rs 8100/sqft and there are options of 1 BHk of 650-750 sqft and 2 BHK of 1300sqft.
My comments to replies
Hi Rubiya, This is one of the projects by the Paradise developers and is priced at around Rs 8100/sqft and there are options of 1 BHk of 650-750 sqft and 2 BHK of 1300sqft.
As far as i know the project has all needed approvals and a majority of the leading banks are ok to finance the project. however, it will be better if you visit the site and speak to the representatives to get a clearer picture.
23rd July 2014
Well yeah this is a newly launched project by the developers and is expected to give possession by 2017.
23rd July 2014

Q: How good is the A and A shetler builders who have Kripasagar and Safalya project listed here who have not started these projects for last so many years

My replies to this discussion
Hi Abhishke, The capital values in Andheri West have increased by 7% in last one year, 20% in last two years and 35% in last three years. In it eastern side, the trend has been 3% in last one year, 15% in last two years and 24% in last three years. At present, the average capital values in Andheri West range from Rs 18500 to Rs 23800/sq-ft while in Andheri East it vary from Rs 13900 to Rs 17700/sq-ft.Hi Abhishke, The capital values in Andheri West have increased by 7% in last one year, 20% in last two years and 35% in last three years. In it eastern side, the trend has been 3% in last one year, 15% in last two years and 24% in last three years. At present, the average capital values in Andheri West range from Rs 18500 to Rs 23800/sq-ft while in Andheri East it vary from Rs 13900 to Rs 17700/sq-ft.
My comments to replies
Hi, Can you tel me what is the current property rate is going on in the locality? What is the average rate of 1BHK in that area?
@Ashish, The current residential property rate is Rs.16800/sq-ft and 1 BHK will cost around Rs. 1.15 Cr.
9th September 2014

Q: I have heard that because of not having OC, there are water issues in the building and water is currently supplied by tanker. I just want to find out if the people living there are facing any on ground practical problems with this arrangement. e.g. are there days when the tanker doesnt come and there is water shortage. I love the house and would like to live here but what I've heard about water issues are scaring me a little. If anyone is currently living here, please do give me some on-ground feedback about the situation.

My replies to this discussion
Hi, I suppose. (Apparently they have yet to get an occupancy certificate because they didn't obtain the required clearances from the environment ministry). So, it will be better for you to visit the building and ask the some owners of that building. If you will ask the builder and their representative they won't give you the correct information about the issues because they have to sale their property.Hi, I suppose. (Apparently they have yet to get an occupancy certificate because they didn't obtain the required clearances from the environment ministry). So, it will be better for you to visit the building and ask the some owners of that building. If you will ask the builder and their representative they won't give you the correct information about the issues because they have to sale their property.
Q: Hi, I booked a flat in 2010. Still I didn't see my flat construction. He says for security purpose we didn't allow site visit. Again given a new possession date May 2014.
My comments to replies
Hi all, I am holding 1 BHK flat in Hubtown Gardenia, Mira Road (East). Current prices in the same complex are around 8500/sq. Ft. I am expecting the prices to touch 13000/sq-ft in next 3 years time. Is it realistic? Kindly share your experience.
Hello Sir, It is totally unrealistic, but may have to wait for 1 more year to get your desired expectation.
5th September 2014

Q: The residents of Palava World City are holding a series of sessions on growing veggies and herbs at home. The third session on Urban Farming was held on July 26th. The theme was ‘Kitchen Gardening 101’. These sessions helps attendees not only save on the ever escalating prices of vegetables but also ensure getting organic and pesticide free produce. It was conducted at the Casa Bella clubhouse and saw the community further learn the benefits of certain vegetables. Drumsticks, for instance, are high in calcium, antioxidants and are natural decongestants. On display were a variety of homegrown plants like mint, drumsticks and spinach. Community members also voted for the best plants from the group. Ajay Choudhari won the best gardener award for his homegrown vegetables ladies fingers and chilies. He won an advanced organic farming workshop course with leading organic farming group ‘Green Souls’. The session culminated with the formation of Palava’s Urban Farming Club and committee members volunteering to run the club. Members are currently planning their first community farm visit to Kharghar in August. Keep in touch with the Palava City to know more about upcoming events: visit www.palava.in or follow Palava on Facebook

My replies to this discussion
Well Ashish, Numerous studies have shown that urban agriculture can contribute to social, health, economic, and ecological benefits.Well Ashish, Numerous studies have shown that urban agriculture can contribute to social, health, economic, and ecological benefits.
Q: i m scared by comments of investor in this project should i go for tirupati balaji residency project in sukapur akurli panvel is it worth or fake ?
My replies to this discussion
Hi Abhijit, You can see the similar projects in that locality like Indiabulls Greens, Marathon Nexzone, Greenearth Residency, Himgiri Greens and Vaastusiddhi Landmark Riverside etc.Hi Abhijit, You can see the similar projects in that locality like Indiabulls Greens, Marathon Nexzone, Greenearth Residency, Himgiri Greens and Vaastusiddhi Landmark Riverside etc.
Q: Hi, can anybody tell me how is the project locality?

My replies to this discussion
Hi all, Do you know that Lodha Codename Superstar is one of the most awaited projects by Lodha Group. The interiors of this project are designed by Kelly Hoppen, a British interior designer who has created a unique style that captures the spirit of the east while incorporating the best of Western craftsmanship. This project is a part of 22 acres development Lodha New Cuffe Parade.Hi all, Do you know that Lodha Codename Superstar is one of the most awaited projects by Lodha Group. The interiors of this project are designed by Kelly Hoppen, a British interior designer who has created a unique style that captures the spirit of the east while incorporating the best of Western craftsmanship. This project is a part of 22 acres development Lodha New Cuffe Parade.
My comments to replies
Hi all, I am looking for a site visit. can anybody guide me how to reach the project site from Eastern Expressway Highway?
Hey Shantanu, This project is located in New Cuffe Parade, Wadala, Mumbai and could be reached through Eastern Expressway Highway. If you are familiar with the IMAX Dome Theatre, then you can easily reach the project site as it is located opposite to IMAX Dome Theatre, Wadala. Additionally, Monorail service is available from Chembur to Wadala which makes travelling more convenient.
17th September 2014

Q: Hi, can anybody provide me the project review of Kaberi Paramount?

My replies to this discussion
Hi everybody, I have a 2BHk flats in 1020 sq-ft, Nayabad, Kolkata and want to sell it. Can anybody tell me the current residential property rate is going on in the locality? Which other projects are happening and the reputed developer of that area?Hi everybody, I have a 2BHk flats in 1020 sq-ft, Nayabad, Kolkata and want to sell it. Can anybody tell me the current residential property rate is going on in the locality? Which other projects are happening and the reputed developer of that area?
Q: Trump Tower Mumbai, the first and only Trump project in the city, is under construction at a por­tion of the 18 acre Lodha Park

My replies to this discussion
Hi, Do you know that in his recent interview with the Forbes India magazine, Donald Trump told that the Mumbai Real Estate is unbelievably cheap, it is a great city of India and yet it is not priced like other comparable cities. It is priced lower than cities that are less important. That gives investors a tremendous amount of growth potential.Hi, Do you know that in his recent interview with the Forbes India magazine, Donald Trump told that the Mumbai Real Estate is unbelievably cheap, it is a great city of India and yet it is not priced like other comparable cities. It is priced lower than cities that are less important. That gives investors a tremendous amount of growth potential.
My comments to replies
Hi, Do you know that in his recent interview with the Forbes India magazine, Donald Trump told that the Mumbai Real Estate is unbelievably cheap, it is a great city of India and yet it is not priced like other comparable cities. It is priced lower than cities that are less important. That gives investors a tremendous amount of growth potential.
@Vinay Dixit, According to local property research firm home sales across big Indian cities rose by 5 percent in the June quarter from a year ago, compared with an 11% rise in the same quarter two years ago,
16th September 2014

Q: Why different areas seen in flats of same size?

My replies to this discussion
Hi, There are 3 types of area i.e super built-up area, carpet area and built-up area. Some of the builders list their flat sizes based on super built up area, some list it as a carpet area while few list as a built up area. Better to visit the project site and understand the differences. As i can see that they have mentioned super built up area of 2BHK from 1040-1140 sq-ft. while the carpet area will be 800 sq-ft for 1040 sq-ft super built up area.Hi, There are 3 types of area i.e super built-up area, carpet area and built-up area. Some of the builders list their flat sizes based on super built up area, some list it as a carpet area while few list as a built up area. Better to visit the project site and understand the differences. As i can see that they have mentioned super built up area of 2BHK from 1040-1140 sq-ft. while the carpet area will be 800 sq-ft for 1040 sq-ft super built up area.
Q: Can anyone guide me with some good localities in Mumbai which will fetch me good returns?

My replies to this discussion
Navi Mumbai, an important part of Mumbai Metropolitan Region is fast growing. Due to the improving civic infrastructure, connectivity to the mainland of Mumbai and the industrial growth in its backyard, it is attracting several people who look for rental accommodation in the region. Hence, if you are a property owner in Navi Mumbai, here are a few places that will offer you a good rental yield. Rental yield is calculated by dividing the annual rental income by the property cost. 1) Airoli 2) Kopar Khairane and 3) SanpadaNavi Mumbai, an important part of Mumbai Metropolitan Region is fast growing. Due to the improving civic infrastructure, connectivity to the mainland of Mumbai and the industrial growth in its backyard, it is attracting several people who look for rental accommodation in the region. Hence, if you are a property owner in Navi Mumbai, here are a few places that will offer you a good rental yield. Rental yield is calculated by dividing the annual rental income by the property cost. 1) Airoli 2) Kopar Khairane and 3) Sanpada
My comments to replies
Thanks guys... The information provided are really informative and elaborate. I want to know how much weighted average monthly rental in can get from Kopar Khairane and Sanpada.
Kopar Khairane: The weighted average monthly rental in the area is about Rs 16,500 and the weighted average property price is about Rs 82 lakh, which gives an average rental yield of about 2.4 per cent. Sanpada: The weighted average monthly rental in the area is about Rs 26,000. The weighted average capital value in the area is about Rs 96 lakh. Hence, one may expect an average rental yield of about 3.25 per cent.
23rd September 2014

Q: Lodha eyes London realty with $5 billion war-chest: Lodha Group, In­dia's biggest realty developer by sales has set its eyes in the booming property market in London, where it plans to in­vest $5 billion (about Rs 30,000 crore at current exchange rate), or 50% more than it has invested in India so far, making it the largest foreign direct in­vestment in UK's realty sector.

My comments to replies
I heard that news and found that the group's proposed deal makes the largest foreign direct investment in the UK's realty sector. Lodha wants to be among the top two property developers in London, taking on local firms such as Berkeley and Barratt Development.
Last year the company make an investment into the London property market with the purchase of the former Canadian High Commission building in Mayfair for £306m. It also bought another property in central London for £90m.
29th September 2014

HI, The company is also developing the 4000-acre Pallava City in the Mumbai suburb of Dombivali that can accommodate over 400000 families. Foreigners who invest in London property are increasing day by day due to the assets' safe-haven status.
Even i heard this news and statement made by Lodha Group that London is an exciting market with shortage of housing. They plan to buy existing assets for $3 billion and spend another $2 billion in developing them in the next five years.
29th September 2014

Q: I am planning to buy a 2BHK flats in 1075 sq-ft. in Kaustubh Sun Moon CHS Ltd. Borivali East, Mumbai.
My replies to this discussion
HI, Should I invest in Kanakia Aroha at this point. The current prelaunch offer is 12750/sq-ft. Is it a good investment for next 3-5 yrs.?HI, Should I invest in Kanakia Aroha at this point. The current prelaunch offer is 12750/sq-ft. Is it a good investment for next 3-5 yrs.?
Hi, Can anyone tell me the different sizes available in 1/2 BHK and its current price per square foot? What is the cost of a 2BHK all including?Hi, Can anyone tell me the different sizes available in 1/2 BHK and its current price per square foot? What is the cost of a 2BHK all including?
Thanks Vinay, Which local body has approved this project and the leading financial institutions offering loan for this project? How much they are charging for the booking amount?Thanks Vinay, Which local body has approved this project and the leading financial institutions offering loan for this project? How much they are charging for the booking amount?
How much they are charging for the car parking? Is there any floor rise price charges? is the above mentioned price is negotiable?How much they are charging for the car parking? Is there any floor rise price charges? is the above mentioned price is negotiable?
Q: I am looking for some updates of this project and the revised price/sq-ft.
My replies to this discussion
HI, Can anybody guide me, how is Ulwe as a property investment? I have heard that there are electricity and water issues since i am looking for property at Ulwe.HI, Can anybody guide me, how is Ulwe as a property investment? I have heard that there are electricity and water issues since i am looking for property at Ulwe.
Q: It would be good if you all can share details about the project
My replies to this discussion
You are right Ravi, I also heard that they are going to start demolition work in month of Feb 2015. So, I guess it will take at least 6 month to start actual construction.You are right Ravi, I also heard that they are going to start demolition work in month of Feb 2015. So, I guess it will take at least 6 month to start actual construction.
My comments to replies
Runwal has done significant changes to the project plan. Has the intent to sell 2500+ flats on a land parcel of less than 16 acres, this is a complete paradigm shift from the 1300+ flats which he could only build with the existing DP. Compared to original plan till Jun 2015.....the new plan has MORE THAN DOUBLE the number of flats in a slightly lesser area than original area due to the introduction of the BMC tower at the entrance. The Area where Tower 11 and 12 were supposed to come up is under litigation with the employees of the company M/s Wheelabrator Castings Alloys Ltd. Runwals have acquired this company to construct the Runwal forest project. Over 100+ group of buyers got together and began communicating their dissatisfaction of the changes that Runwal was making. Buyers aggrieved by the builder’s plans to construct double nos. of flats in the same parcel of lands (2500+ flats, as against 1322 as per the existing approved plans) have requested for cancellations (around 30+)
Lol.... Did you ask the breakup of 30000 sq-ft club house and ask them if they include this in the agreement ? Either you are too new in Real Estate or acting smart to be marketing agent....
9th September 2015

My replies to this discussion
Hi, You can fetch excellent returns in 1-2bhk flats on Ghodbunder Road which should be located close to the Thane West. General understanding is to hold a property for atleast 3-5yrs to fetch excellent returns.Hi, You can fetch excellent returns in 1-2bhk flats on Ghodbunder Road which should be located close to the Thane West. General understanding is to hold a property for atleast 3-5yrs to fetch excellent returns.
Thanks for the information Ashish, How about the project connectivity and which are the neighboring areas? How far is the Thane Railway Station from the project site?Thanks for the information Ashish, How about the project connectivity and which are the neighboring areas? How far is the Thane Railway Station from the project site?
Q: I know there are a lot of documents like OC, Conveyance and all that. Where can I get basic info? Also, one more question is where can I get some reference rates for properties? How do you know which zone or sub-zone you are in? What is CTS no.? What will be andaaz se property rates of various areas?

My comments to replies
HI, The City Survey Record is prepared for all the villages in Mumbai Sub District. The City Survey record for each individual parcel of land has been created and given a particular number which is known as City Survey number. A property card for each City Survey number is also prepared. The P.R.C. it self contains the following details. City Survey number is also prepared. The P.R.C. it self contains the following details.
It also indicates the names of the Holders, only incorporated if the property is non-agricultural. If the property is agricultural, only tenure is mentioned as agricultural in P.R.C. When the property is converted to N.A. and after producing necessary documents by the applicant name of the holder is incorporated in the P.R.card after N.A. measurement and following due procedure.
17th November 2014

Q: Its says BKC crossing but is actually located at Kurla West

My replies to this discussion
Yes Arup, And some of the prominent developer who has developing some of the good project here are Kohinoor City Phase-2, Kohinoor City Phase-III, Premier Residences etc.Yes Arup, And some of the prominent developer who has developing some of the good project here are Kohinoor City Phase-2, Kohinoor City Phase-III, Premier Residences etc.
My comments to replies
Hi all, I heard that Omkar is now relaunching this project again around Diwali time. They are quoting Rs16,500/ sq ft. I am not sure whether specifications have changed for the project. The good news is that the dilipated building in front of the property has already gone for redevelopment and so the look and feel of the place should improve a little bit.
Hey, Even i heard that this project was launched in Year 2014 but still in under construction. What is the reason? How is the developer's track record in the Mumbai Real Estate Market?
17th October 2014

Q: My name is Vikrant Kashyap and am owner of A/212 of Studio Apartment. Balsam Dev. had promised lots of things but i have few complaints. This rainy season there was heavy leakage in my apartment from the window and all the wall paint came out. i had complained about fixing paint and stope leakage but no action has been taken. During my recent visit 1 mason had fixed just a tile on the window and just said that i have stopped leakage. i have requested to re-paint the wall but no action has been taken so far since June 2014. One more complaint was lodged via email to Balsam to change the water tap of the basin in the bathroom as the tap is very small and not usable. No action has been take since 1 year. Therefore again sending complaint via this portal
My replies to this discussion
Hi Mr Kashyap, According to me, first you discuss with your neighbors or other house owners regarding this problem, it is not like only you are facing this problem. So make a group, discuss with each other, then approach to concern builder. If he is not replying or just ignoring your issue, then file an legal complain on behalf of the apartment association. Meet with builder directly and i think you may come up with some result.Hi Mr Kashyap, According to me, first you discuss with your neighbors or other house owners regarding this problem, it is not like only you are facing this problem. So make a group, discuss with each other, then approach to concern builder. If he is not replying or just ignoring your issue, then file an legal complain on behalf of the apartment association. Meet with builder directly and i think you may come up with some result.
My comments to replies
This is Vikrant D. Kashyap - Writing pertaining to my complaint for A/212 Bhimashankar Hills, This problem is resolved and I hereby withdraw my complaint. Thanks to all
Congrats!!!! I am really happy to hear that you problem has been resolved. You are always welcome and feel free to write to me regarding real estate matter such as buy, sell, rent and legal issues. Thanks
24th September 2015

Q: Hi Everyone, I am planning to rent a 2 bhk apartment in Mumbai City. Where to rent a spacious 2 bhk apartment?

My comments to replies
Mumbai has been increasingly witnessing shrinking apartment sizes over the last two to three years. As such, it has become increasingly difficult to find a spacious apartment to either buy or rent in Mumbai suburbs.
Goregaon East is situated in a strategic position, as it is located close to business areas of both the eastern and western suburbs. The locality is about nine kilometers away from Powai SEZ and is about six kilometers away from Andheri SEEPZ. Goregaon East has a very good road infrastructure with the Western Express Highway and Aarey Road passing through it. One can get a spacious semi-furnished 2BHK apartment of built area of about 1,200 sq. ft. here with several amenities for a monthly rent of Rs 25,000-35,000.
27th October 2014

Kandivali is another western suburb situated close to Goregaon, Malad and Andheri. The locality has good connectivity and accessibility to different suburbs via road and rail. Kandivali East provides a good variety of rental accommodations catering to various budget and space preferences. One may rent a spacious 2BHK apartment for a monthly rent of Rs 25,000-30,000
Powai is a posh eastern suburb of Mumbai. It has a very good infrastructure as well as social amenities. The locality is also well connected to other suburbs via JVLR and LBS Marg. The Mumbai International Airport is about 5 km away from Powai. The nearest railway station to Powai is the Kanjurmarg railway station on the central main line of Mumbai Suburban Railway. It is about 3.5 km away from Powai. There are several 2BHK apartments available in the area with built area more than 1,100 sq. ft. Since Powai is a posh locality, the rentals are on the higher end. The approximate monthly rentals in this area are about Rs 35,000-50,000.
27th October 2014

Q: Please be careful, all services promised haven't been fulfilled and they are cheaters. They ensure you buy the property after which you will end up following with them. NO water, NO electricity, NO good roads, NO cleanliness
My replies to this discussion
Hi, As far as locality is concerned, situated on a mountainous region that expand across the Bhor ghat, Sahyadris and Western Ghats, Karjat is considered as more sort after destination due to its scenic and perfect beauty. It is an perfect town on the western coast of India & downhills of Matheran hill station. It is considered as prime weekend getaway for residents from Mumbai and Pune and is easily accessible by both rail and road.Hi, As far as locality is concerned, situated on a mountainous region that expand across the Bhor ghat, Sahyadris and Western Ghats, Karjat is considered as more sort after destination due to its scenic and perfect beauty. It is an perfect town on the western coast of India & downhills of Matheran hill station. It is considered as prime weekend getaway for residents from Mumbai and Pune and is easily accessible by both rail and road.
Karjat is about 70 kms from Mumbai and about 120 kms from Pune. Upcoming Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), largest exhibition center (Panvel) & Terminus Railway Stations (Panvel) is about 20 kms from Karjat. It provides excellent roadways and is centrally located with roads branching out to Murbad, Kalyan, Shahpur, Kasara Ghat on one side and Khapoli, Khalapur, Neral, Ambarnath, Badlapur, Panvel, Pen on the other.Karjat is about 70 kms from Mumbai and about 120 kms from Pune. Upcoming Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), largest exhibition center (Panvel) & Terminus Railway Stations (Panvel) is about 20 kms from Karjat. It provides excellent roadways and is centrally located with roads branching out to Murbad, Kalyan, Shahpur, Kasara Ghat on one side and Khapoli, Khalapur, Neral, Ambarnath, Badlapur, Panvel, Pen on the other.
Real estate in Karjat is a big business which has a fast go up real estate appreciation potential and is warming up as a destination for the city inhabitant around it, where people invest on properties as holiday home or permanent residence. There has been a regular purchase of land to set up farm houses, small and big. There is a huge requirement for low cost accommodation and a desire among people for affordable houses.Real estate in Karjat is a big business which has a fast go up real estate appreciation potential and is warming up as a destination for the city inhabitant around it, where people invest on properties as holiday home or permanent residence. There has been a regular purchase of land to set up farm houses, small and big. There is a huge requirement for low cost accommodation and a desire among people for affordable houses.
Q: Before taking loan on mortgaging, it is crucial to understand its pediculous.
My replies to this discussion
A property owner can consider mortgage to raise money for a wedding, investment in business, higher education of children, among others. However, before dwelling on mortgaging, it is crucial to understand its pediculous..A property owner can consider mortgage to raise money for a wedding, investment in business, higher education of children, among others. However, before dwelling on mortgaging, it is crucial to understand its pediculous..
HI Vinay, When loan is on and the property is already mortgaged to a financier, one cannot mortgage the property again. However in some special cases a "Second mortgage" can be created with the agreement of the financier who has the First Mortgage. Mortgaging helps the financier in securing money that has been advanced as loan to the customer. For a customer, mortgaging his property could help him help finance for any legal purpose. Yes, one can avail a loan without offering a mortgage as well, but Secured Loan (loan taken against security) are cheaper than unsecured loans.HI Vinay, When loan is on and the property is already mortgaged to a financier, one cannot mortgage the property again. However in some special cases a "Second mortgage" can be created with the agreement of the financier who has the First Mortgage. Mortgaging helps the financier in securing money that has been advanced as loan to the customer. For a customer, mortgaging his property could help him help finance for any legal purpose. Yes, one can avail a loan without offering a mortgage as well, but Secured Loan (loan taken against security) are cheaper than unsecured loans.
Well Vinay, If the borrower is unable to repay the loan, the lending institution that has the mortgage of the property, can refer to the mortgage as per legal provisions applicable to that institution. It depends on the reasons for default, there could be other repercussions also for the borrower, i.e. if any fraud is detected, the borrower could also be tried under criminal laws. If there is a delay in payment it would attract penal interest. The borrower would be required to pay the actual due amount and some additional/penal interest on top of it.Well Vinay, If the borrower is unable to repay the loan, the lending institution that has the mortgage of the property, can refer to the mortgage as per legal provisions applicable to that institution. It depends on the reasons for default, there could be other repercussions also for the borrower, i.e. if any fraud is detected, the borrower could also be tried under criminal laws. If there is a delay in payment it would attract penal interest. The borrower would be required to pay the actual due amount and some additional/penal interest on top of it.
Your welcome Vinay, Interest rate could range from 10-15% or even more depending on the type of loan taken, the lending institution, the borrowers profile etc. and it is payable on monthly basis. Usually loans to purchase homes would be cheaper than Loan Against Properties (i.e. Loan taken against an existing property for some other purpose like travel or business).Your welcome Vinay, Interest rate could range from 10-15% or even more depending on the type of loan taken, the lending institution, the borrowers profile etc. and it is payable on monthly basis. Usually loans to purchase homes would be cheaper than Loan Against Properties (i.e. Loan taken against an existing property for some other purpose like travel or business).
Q: As im interested in investing in the project. i would like to know the details on how much has been completed.

My replies to this discussion
Hello Sir, Will you please elaborate your query? I mean which project are you talking about? Tell me the builder as well as the locality so that i can give you the exact information.Hello Sir, Will you please elaborate your query? I mean which project are you talking about? Tell me the builder as well as the locality so that i can give you the exact information.
My replies to this discussion
The Maharashtra Government had obtained around 9140 sq-mt of land in Wadala for redevelopment and declared a compensation of Rs 34992 (Rs 3.8/sq m) for the Nenshi Monji family trust that owned it. The HC has now asked the builder redeveloping the plots to pay Rs 2.17crore, or Rs 2374 a sq-m, to the family.The Maharashtra Government had obtained around 9140 sq-mt of land in Wadala for redevelopment and declared a compensation of Rs 34992 (Rs 3.8/sq m) for the Nenshi Monji family trust that owned it. The HC has now asked the builder redeveloping the plots to pay Rs 2.17crore, or Rs 2374 a sq-m, to the family.
According to the judges, compensation at the rate of less than Rs 4 per square metre in the city of Mumbai appears to be misleading. Having respect to the fact that the petitioners have lost about 9140 sq-mt of land, They are of the view that the petitioners deserve to get compensation and not only misleading amount for compulsory acquisition of their lands.According to the judges, compensation at the rate of less than Rs 4 per square metre in the city of Mumbai appears to be misleading. Having respect to the fact that the petitioners have lost about 9140 sq-mt of land, They are of the view that the petitioners deserve to get compensation and not only misleading amount for compulsory acquisition of their lands.
At the same time on a request by the trust for a stay on the order, the HC asked the developer not to start construction of the slum rehabilitation building or the free sale building on the land for eight weeks.At the same time on a request by the trust for a stay on the order, the HC asked the developer not to start construction of the slum rehabilitation building or the free sale building on the land for eight weeks.
The case is taking so much time because the family had been unable to explain the delay in approaching the court, had not got the property records updated and 70% of the slum-dwellers had said they support the present builder. Slum dwellers who are waiting for the last 9 years for homes is still a question.The case is taking so much time because the family had been unable to explain the delay in approaching the court, had not got the property records updated and 70% of the slum-dwellers had said they support the present builder. Slum dwellers who are waiting for the last 9 years for homes is still a question.
Q: I want to buy a property? Do you think budget 2015 will introduce interest cut on home loans?

My replies to this discussion
The Real estate sector has been long demanding the setting up of one single window for all these approvals, so that the entrepreneurs can concentrate more on his business and less in running around.The sector hopes to get its long withstanding demand of a single window getting fulfilled in this years budget.The Real estate sector has been long demanding the setting up of one single window for all these approvals, so that the entrepreneurs can concentrate more on his business and less in running around.The sector hopes to get its long withstanding demand of a single window getting fulfilled in this years budget.
Q: Runwal Garden City Balkum 2bhk price? How is the area & is the society registered? Any issues buying a property there?

My replies to this discussion
Hi Ajit, Runwal Garden City by Runwal Group located at opp. Colour Chem, Near Nicholas Piramal, Balkum Naka, Thane (West). It offers 1/2/3 BHK residential flats. 1BHK in 530 sq-ft., 2BHK from 800-900 sq-ft. and 3BHK in 1100 sq-ft. And the price of 1BHK will be Rs. 59.62 lacs onward, 2BHK around Rs. 90 lacs to Rs. 1.11 crore onward and 3BHK will cost to you Rs. 1.23 crore onward.Hi Ajit, Runwal Garden City by Runwal Group located at opp. Colour Chem, Near Nicholas Piramal, Balkum Naka, Thane (West). It offers 1/2/3 BHK residential flats. 1BHK in 530 sq-ft., 2BHK from 800-900 sq-ft. and 3BHK in 1100 sq-ft. And the price of 1BHK will be Rs. 59.62 lacs onward, 2BHK around Rs. 90 lacs to Rs. 1.11 crore onward and 3BHK will cost to you Rs. 1.23 crore onward.
Q: Hi, which area in Navi Mumbai is the best for investment as well as for end use? How much appreciation i can get in 3-5 years? As i am planning for property investment in Navi Mumbai.

My comments to replies
Hi, Can anybody give me only one basic reason that why should i invest at Ulwe in Navi Mumbai? Which are the prominent developer who is developing their project in this area?
Hey Govinda, I appreciate your choice of locality. Many upcoming infrastructural projects including the Nerul-Uran railway line, Mumbai Trans-Harbour Link (MTHL), the Navi Mumbai metro and the Navi Mumbai International Airport are the key drivers of growth for Ulwe. Once completed, these projects will provide easy access from Ulwe to other localities in Mumbai Metropolitan Region, Thus, it will hugely influence the entire real estate market of the locality.
15th May 2015
Your second choice should be Panvel as it is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. At the same time great connectivity and the upcoming international airport play a major role in giving a boost to the area’s realty growth, an increasing need for affordable housing in MMR has been another driving force behind the growth of this important area’s real estate.
15th May 2015

Q: Why Kalyan-Dombivli will drive Mumbai's realty market?
My comments to replies
The properties in the Navi Mumbai are like hotcakes where the investors and Buyers are waiting for a piece of it and the demand of the property is pushing the prices to go upward. The property rates are being increased to 10 times more than when the satellite township got pose in Mumbai city.
Right Sir, But you can not ignore Chembur East in Mumbai Central Line, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai Andheri-Dahisar have seen over 20% price appreciation.
9th June 2015

Q: What will be the state govt. role to develop 50 lakh new homes by 2022?
My replies to this discussion
Really a good news buddies, Increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.Really a good news buddies, Increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
Hey guys, I hear that the motivated growth center proposed in Kalyan, approved by the chief minister last week will also have an affordable housing component though the focus would be largely on commercial development. The MMRDA will set aside 10% of the total land it will have to acquire for the growth centre for housing economically weaker sectionsHey guys, I hear that the motivated growth center proposed in Kalyan, approved by the chief minister last week will also have an affordable housing component though the focus would be largely on commercial development. The MMRDA will set aside 10% of the total land it will have to acquire for the growth centre for housing economically weaker sections
My comments to replies
Really a good news buddies, Increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
@Anirudh, It is imperative to understand that Housing for all by 2022 is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes.
23rd June 2015

Hey guys, I hear that the motivated growth center proposed in Kalyan, approved by the chief minister last week will also have an affordable housing component though the focus would be largely on commercial development. The MMRDA will set aside 10% of the total land it will have to acquire for the growth centre for housing economically weaker sections
The Maharashtra government has set a sharp target of creating 19 lakh affordable houses in the state by 2022 under its "Housing for All by 2022" scheme. Under the Town Planning Scheme, 50% of the developed land would go back to the landowners, 40% of the land would be used by the authority for creating infrastructure such as roads, parks, social amenities, and utilities, while 10% would be reserved for housing for the economically weaker sections.
1st September 2015

Hi Everybody!!! Have he development authority estimated the total number of low-cost houses that can be created in the growth centre? What will be the FSI for those areas?
Well Kaushik, The development authority has not yet estimated the total number of low cost houses that can be created in the growth centre as it is yet to decide on the Floor Space Index. The MMRDA is, however, planning for all infrastructure in the area assuming a maximum FSI of 4.
1st September 2015

Q: Pristine, Maple and Jalan are good builders and carrying good faith in Pune. But their few projects are delayed for possessions, not sure why. It has been observed that their few East Pune side projects are delayed by work. Example they have joint project as Neo City located at Wagholi Pune, buyers are waiting for possession from last 4 years. Neo City project was started in January 2011 and people are still waiting for phase 1, 2 and 3 possessions. Not only for these builders but to buy a new flat always check builders record of possessions and then only buy new flats, thank you. - Mr. Kulkarni
My replies to this discussion
You are right. It is very necessary to check all the legal approvals before buying property in any locality or city, check builder's track record and specially nos of project delivered , project locality, connectivity, infrastructure and civic development in the locality.You are right. It is very necessary to check all the legal approvals before buying property in any locality or city, check builder's track record and specially nos of project delivered , project locality, connectivity, infrastructure and civic development in the locality.
Q: Hi, What are the problems with Mumbai's coastal road plan?

My replies to this discussion
Hi Sankalp, Coastal communities and ecology and the problem of traffic are the two major issues with Mumbai's Coastal Road Plan. The western coast of Mumbai is rich in its productive uses as well as ecological diversity. There are at least 12 fishing villages on this coast that depend on the coastal ecosystem for their livelihood. Whereas the real problem of traffic is not how to build more infrastructure that encourages vehicle travel. It is how to cut down private automobiles by discouraging their use. Apart from devouring land, cars notoriously guzzle oil and warm the planet.Hi Sankalp, Coastal communities and ecology and the problem of traffic are the two major issues with Mumbai's Coastal Road Plan. The western coast of Mumbai is rich in its productive uses as well as ecological diversity. There are at least 12 fishing villages on this coast that depend on the coastal ecosystem for their livelihood. Whereas the real problem of traffic is not how to build more infrastructure that encourages vehicle travel. It is how to cut down private automobiles by discouraging their use. Apart from devouring land, cars notoriously guzzle oil and warm the planet.
My comments to replies
Hi Shrikant, How will the coastal road affect the coastal communities and ecology?
Hi Vinay, There are at least 12 fishing villages on this coast that depend on the coastal ecosystem for their livelihood. They use the beaches to park their boats, dry fish, and repair their nets and vessels. The coastal areas constitute their "commons" for these communities, since they collectively manage, use and protect these shared resources. The attemts to "beautify" and "scene" the coast are efforts to change its productive capacities into recreation and leisure capacities to suit the way of life needs of middle and upper income group.
2nd April 2015

Well Shrikant, Why will coastal road not help in traffic decongestion?
@Vinay, The genuine issue of traffic is not how to build more infrastructure that energizes vehicle travel. This is the way to cut down private vehicles by discouraging their utilization. Apart from eating up area, autos guzzle oil and warm the planet. In spite of this, the govt. in its enthusiasm to replicate cities around the globe, needs to change the dense city of Mumbai, where 78% of non-walking trips are on public transport system, one of the most highest in the world.
2nd April 2015

Q: Hi, which are the top five rentals market of MMR?
My comments to replies
@Manilal, On the other hand, since the land valuations are higher in Mira Road in comparison with different parts of Navi Mumbai and Thane, there are more 1BHK flats than other configuration. In the same way, Kharghar witnesses a good amount of lower configuration apartments as it can be found in the industrial region of Navi Mumbai. As a result, people who like to stay close to their work location look for rental housing in the area.
Hi Kishore, I want to know why the prices are more affordable in the area? Is there any other locality other than Mira Road and Kharghar that offers a good amount of 1BHK?
4th April 2015

Q: Hi, Which area in Mumbai consist spacious 2BHK flats in with a built-up area of about 1200-1300 sq-ft?
My replies to this discussion
it has become significantly difficult to find a roomy apartment to either buy or rent in Mumbai suburbs. If you are considering renting a spacious apartment with a built area of about 1200-1300 sq-ft. in Mumbai, there are few popular localities such as Goregaon East, Kandivali East and Powai.it has become significantly difficult to find a roomy apartment to either buy or rent in Mumbai suburbs. If you are considering renting a spacious apartment with a built area of about 1200-1300 sq-ft. in Mumbai, there are few popular localities such as Goregaon East, Kandivali East and Powai.
My comments to replies
I appreciate Shrikant, Andheri East is a locality which serves more to the middle and upper middle income group compared with its western counterpart. The area still fights with some civic issues. On the other hand, the recent developments and upcoming infrastructure in the locality are improving the real estate prospects of the area.
Hmm, This has also brought to the launch of very few luxury and ultra-luxury projects in the last 3 yrs. While the property prices and rentals are definitely not in the affordable range, looking at the almost flat values, one may say that property buyers and tenants can still hope to get good deals here. At the same time, higher net worth individuals too may look at good projects here.
5th May 2015
I approached to a local broker and found that Andheri East also appeals to a significant population looking for rentals. This is generally the working population in SEEPZ or other nearby CBDs. The following graphs give the average rentals in the area. It may be seen that the average rentals in the area are lower compared to those of Andheri West. The average rentals is about Rs 38-42/sq-ft while that of Andheri West is about Rs 45-50/sq-ft.
6th May 2015

Hi everyone, Can you tell me if i bought a 2 BHK flat and rent in out what rent could i expect for a 2BHK in Andheri East or in Andheri West?
Hi Abhijit, Rental Markets of Andheri East:- A 1BHK will Rent to you Rs. 20000-30000/month whereas a 2BHK will Rs.25000-45000/month and a 3BHK will be Rs. 50000-85000/month. Similarly, a 1BHK in Andheri West will rent around Rs. 23000-35000/month whereas a 2BHK will be Rs. 30000-60000/month and a 3BHK will rent you Rs. 55000-90000/month.
2nd May 2015
@Abhijit, Yes, it is true that Andheri is another luxurious western suburb in Mumbai and at the same time very similar to Bandra. Andheri West too has a luxurious lifestyle due to several celebrities making their home here. It too has a very good social infrastructure as well as civic infrastructure. It offers many 2 and 3BHK properties for a monthly rental of about Rs 25000-30000. The approximate covered area of flats are 600-900 sq-ft.
2nd May 2015

Q: Why is Credai moving toward bulk buying? Apart from cost cutting, is there any other reason?
My replies to this discussion
Yes, Credai has identified various large domestic and global manufacturers of several building materials and has started talks with them, looking for substantial cost gains by way of purchase of large volumes for longer periods. They may even come out with global tenders, if needed, to encourage competition among the manufacturers of building materials to create competitive prices. They will think about importing from the global markets when it works out cheaper. Yes, Credai has identified various large domestic and global manufacturers of several building materials and has started talks with them, looking for substantial cost gains by way of purchase of large volumes for longer periods. They may even come out with global tenders, if needed, to encourage competition among the manufacturers of building materials to create competitive prices. They will think about importing from the global markets when it works out cheaper.
I think it is a good Move by Credai as it can bring down the selling price of the property. We have also seen the rising costs of inputs like cement, steel and sand over the past few years. Now, it was essential for the real estate industry to find ways to control and manage costs as sales of residential properties are standstill.I think it is a good Move by Credai as it can bring down the selling price of the property. We have also seen the rising costs of inputs like cement, steel and sand over the past few years. Now, it was essential for the real estate industry to find ways to control and manage costs as sales of residential properties are standstill.
Q: Right after the RBI's decision to keep the repo rates unaffected, 3 ace Indian Banks, which include the State Bank of India, ICICI and HDFC, leaders in the private sector, have cut their base lending rates.
My comments to replies
Hi Roshini, With these rate cuts by the banks, the current as well as new consumers are expected to benefit a reasonable percentage. Though with this enforcement by the banks, home loans are also expected to see a reduced interest rate along with policy update, which looks to definitely make the real estate sector experience certain gain.
Really a good news for the for the consumers. While SBI and HDFC, has approached to cut their lending rates by 15 basis points each, to 9.85%, the other one, ICICI Bank, plans to cut its rate by 25 basis point to 9.75%. There are possibilities that other banks might also join the group soon.
9th April 2015

@Shrikant, There is always a delay between the directives given by the RBI with regards to lowering lending rates, and banks submission with these directives.
But this time it is really inspiring that these banks have taken the motivation, leaving other banks with little option but to follow suit. The housing loan section is an highly competitive one, and it is significant that home loan disbursements in the Pune region had decreased significantly in recent times.
9th April 2015

My comments to replies
Hi Amogh, Are they asking for the last installments? Check your payment schedule. If your payment schedule match with the demand of the developer, then you have to pay the installment. How can they handover the occupancy certificate before last payment. As per the discussion made with the developer, it is found that possession is likely to be given by June'2015.
Right Kishore, The dreams of over a thousand home owners are at stake, as HDIL is holding back possession. Most of the owners are now caught between paying the EMI towards the bank loan, while HDIL with happily enjoys the hard-earned monies of innocent home buyers.
26th June 2015

Q: Hey, what offer is going on in Shreeji Harmony, Mulund West, Mumbai?
My replies to this discussion
Well Abhjit, No, i was just planning to buy property in Mulund West. As per the word with their sales guy i found that Shreeji Harmony is a BMC approved project and BOI, Axis, HDFC and SBI have approved as well for housing loan. This project is currently under construction phase and 2nd floor slab work is going on.Well Abhjit, No, i was just planning to buy property in Mulund West. As per the word with their sales guy i found that Shreeji Harmony is a BMC approved project and BOI, Axis, HDFC and SBI have approved as well for housing loan. This project is currently under construction phase and 2nd floor slab work is going on.
Q: Hey, i am planing to by a 3BHK flats in Rizvi Oak, Malad East? How much i have to pay as a booking amount? Anyone has booked a flat here?
My replies to this discussion
Hi Upendra, Rizvi Oak by Rizvi Builders located at Malad East, Mumbai offers 2 and 3BHK residential flats. It's sizes in 2BHK is 1100 sq-ft and in 3BHK is 1600/sq-ft. It is G+22 storeys apartments consists 210 units in 3-Towrers. they are also providing more than 350 car parking for both owners and visitors. This project is spread over 2 acres of land. Currently, this project is under construction and external work has been finished.Hi Upendra, Rizvi Oak by Rizvi Builders located at Malad East, Mumbai offers 2 and 3BHK residential flats. It's sizes in 2BHK is 1100 sq-ft and in 3BHK is 1600/sq-ft. It is G+22 storeys apartments consists 210 units in 3-Towrers. they are also providing more than 350 car parking for both owners and visitors. This project is spread over 2 acres of land. Currently, this project is under construction and external work has been finished.
Q: Hi, is there any specific launch date given by the builder for JP North? Is there any special discounts on booking homes?
My replies to this discussion
Hi Manilal, JP North by JP Infra, Mira Road offers superb amenities like Games Lounge, Gym, Steam & Sauna, Amphi theater, kid's play area, Club House, Pool with Cabana, security surveillance and facilities like doctors on call. project Connectivity:- It has excellent connectivity to the other parts of the city like 5 mins from Borivali and 2 kms away from Mira Road Station by Road.Hi Manilal, JP North by JP Infra, Mira Road offers superb amenities like Games Lounge, Gym, Steam & Sauna, Amphi theater, kid's play area, Club House, Pool with Cabana, security surveillance and facilities like doctors on call. project Connectivity:- It has excellent connectivity to the other parts of the city like 5 mins from Borivali and 2 kms away from Mira Road Station by Road.
Q: Can anyone provide me the construction updates of Hiranandani Estate Lavinia, Ghodbunder Road, Thane West.
My replies to this discussion
As far as project detail is concerned, Hiranandani Estate Lavinia by Hiranandani Developers at Ghodbunder Road, Thane offers 1BHK in 421 sq-ft (Carpet area). The building which have been launched in "The Walk" are Castalia, Ventana, Fortuna and Lavinia. It is G+25 storey's consists two wing A and B.As far as project detail is concerned, Hiranandani Estate Lavinia by Hiranandani Developers at Ghodbunder Road, Thane offers 1BHK in 421 sq-ft (Carpet area). The building which have been launched in "The Walk" are Castalia, Ventana, Fortuna and Lavinia. It is G+25 storey's consists two wing A and B.
My comments to replies
As far as project detail is concerned, Hiranandani Estate Lavinia by Hiranandani Developers at Ghodbunder Road, Thane offers 1BHK in 421 sq-ft (Carpet area). The building which have been launched in "The Walk" are Castalia, Ventana, Fortuna and Lavinia. It is G+25 storey's consists two wing A and B.
Not yet, but planning to book. Only few (1/2/3/4) flats both in A and B wing is available for sale. The total cost of the flats will be Rs. 86 lacs all inclusive. Lavania A wing payment Schedule :- Downpayment - 95% and on possession 5%
11th May 2015

Q: What is the open car parking charges in Royal Oasis, Malad West, Mumbai?
My replies to this discussion
Hi Sunil, Have you visited the project site of Royal Oasis? Can you give some useful feedback of this project like sizes available, price per square foot and the total areas of the project?Hi Sunil, Have you visited the project site of Royal Oasis? Can you give some useful feedback of this project like sizes available, price per square foot and the total areas of the project?
My comments to replies
Hi Sunil, Have you visited the project site of Royal Oasis? Can you give some useful feedback of this project like sizes available, price per square foot and the total areas of the project?
Hey Sunil, Have you any idea of 2BHK price of all including? Which all banks are funding this project and how much i have to pay at booking time?
26th May 2015

My replies to this discussion
Hi Kishore, Even i had a word with their sales executive available on site and found that the date of possession will be June'2016.Hi Kishore, Even i had a word with their sales executive available on site and found that the date of possession will be June'2016.
Q: I am looking to buy a 2BHK property near Mumbai. It could be Kharghar, Ulve, Taloja, Virar, Nalasopara, or any other area that is close to Mumbai. My budget is 40-50lac, prefer to put in under construction where I can pay in slabs. Can someone pls advise which area is good in terms of investment and if there are any ongoing projects... Many thanks

My replies to this discussion
Hey guys, Apart from the above mentione locality one can search property in Nalasopara. It is a suburb of Mumbai situated in the neighbourhood of Vasai-Virar region in the northern part of Mumbai Metropolitan Region (MMR). The area is governed by the Vasai-Virar Municipal Corporation (VVMC). The area is now coming up on the radar of affordable housing.Hey guys, Apart from the above mentione locality one can search property in Nalasopara. It is a suburb of Mumbai situated in the neighbourhood of Vasai-Virar region in the northern part of Mumbai Metropolitan Region (MMR). The area is governed by the Vasai-Virar Municipal Corporation (VVMC). The area is now coming up on the radar of affordable housing.
My comments to replies
Hey guys, Apart from the above mentione locality one can search property in Nalasopara. It is a suburb of Mumbai situated in the neighbourhood of Vasai-Virar region in the northern part of Mumbai Metropolitan Region (MMR). The area is governed by the Vasai-Virar Municipal Corporation (VVMC). The area is now coming up on the radar of affordable housing.
Good question Deepankar, Nala Sopara has good connectivity to Mumbai via road and rail. NH-8 is the most important road that connects Nala Sopara to rest of Mumbai. Ghodbunder Road connects to NH-8, providing connectivity to Vasai-Virar and Thane as well as Navi Mumbai. There are regular BEST and VVMT buses. Apart from road, the western line of Mumbai suburban railway passes through Nala Sopara. The Dahanu-Mumbai local trains too connect the area to locations beyond Mumbai.
10th June 2015

Q: Hello, I am looking for a 2BHK on rent in Mumbai. Will be shifting probably next month. My office is in Parel, therefore looking in close proximity to Parel in a budget of 30-40K. Please let me know if anyone has any availaibility.Thanks

My replies to this discussion
Hi Robin, Dadar will be the nearest area from Parel. It is 5.2 kms via Dr Baba Saheb Ambedkar Road and can be reached in 16 minutes by car. Though it is near to your work place but very few apartments are available for rent. The next area is Santacruz West and Andheri East but little bit far from the Parel. Here some apartments and flats are available in 2BHK within your budget.Hi Robin, Dadar will be the nearest area from Parel. It is 5.2 kms via Dr Baba Saheb Ambedkar Road and can be reached in 16 minutes by car. Though it is near to your work place but very few apartments are available for rent. The next area is Santacruz West and Andheri East but little bit far from the Parel. Here some apartments and flats are available in 2BHK within your budget.
My comments to replies
Hi Robin, Dadar will be the nearest area from Parel. It is 5.2 kms via Dr Baba Saheb Ambedkar Road and can be reached in 16 minutes by car. Though it is near to your work place but very few apartments are available for rent. The next area is Santacruz West and Andheri East but little bit far from the Parel. Here some apartments and flats are available in 2BHK within your budget.
A 2BHK in for rent in Santacruz West will rent you 40000-1 lacs from 550-1000 sq-ft., in Andheri East, Rs.30000-40000 from 850-1100 sq-ft and in Andheri West within your budget from 615-1100 sq-ft. I think you should go for either Andheri East or Andheri West because there a varieties of option available in 2BHK and the locality is fully developed and near to New Mumbai International Airport.The first Mumbai Metro Line from Versova to Ghatkopar and Sahar Improved Road were opened last year. Both pass through Andheri East. This has improved connectivity to the area as well as the traffic conditions.
1st June 2015

Q: Need info on this Gan ganesh property , builder is Ganga Homes
My replies to this discussion
Hi, Ganga Ganesh by Ganga Homes strategicaly located at New panvel, Navi Mumbai offers 1/2/3 BHK residential flats. It's sizes are 711 sq-ft in 1BHK, 1000 sq-ft in 2BHK and 1300 sq-ft in 3BHK and it's current price is Rs. 6100/sq-ft. This project is under construction and expected to be completed by June 2016.Hi, Ganga Ganesh by Ganga Homes strategicaly located at New panvel, Navi Mumbai offers 1/2/3 BHK residential flats. It's sizes are 711 sq-ft in 1BHK, 1000 sq-ft in 2BHK and 1300 sq-ft in 3BHK and it's current price is Rs. 6100/sq-ft. This project is under construction and expected to be completed by June 2016.
Q: Mumbai based Omkar Realtors & Developers offers affordable residences in Goregaon East. i need some useful information of this project.resi
My replies to this discussion
Ur welcome Devika, Located on the outer peripheral of the film city, close to the Western Express Highway, Ananta is well connected with key city location including the Jogeshwari-Vikhroli Link Road (JVLR). The project is located in close proximity to film city, fantasy land, multiplexes, shopping malls amongst others. It also has a range of educational institutes and hospitals in close vicinity. Mumbai-based Omkar Realtors and Developers established their business in 2003, is one of the leading realty firms having presence in Mumbai’s redevelopment and premium housing segment. The company is presently developing projects spread over 20-million sq.ft area by 2017. Till now, the company has an estimated land-bank inventory of over 40 million sq-ft spread across some of the most premium locations in Mumbai. Ur welcome Devika, Located on the outer peripheral of the film city, close to the Western Express Highway, Ananta is well connected with key city location including the Jogeshwari-Vikhroli Link Road (JVLR). The project is located in close proximity to film city, fantasy land, multiplexes, shopping malls amongst others. It also has a range of educational institutes and hospitals in close vicinity. Mumbai-based Omkar Realtors and Developers established their business in 2003, is one of the leading realty firms having presence in Mumbai’s redevelopment and premium housing segment. The company is presently developing projects spread over 20-million sq.ft area by 2017. Till now, the company has an estimated land-bank inventory of over 40 million sq-ft spread across some of the most premium locations in Mumbai.
Q: The journey about this project started in 2010 where every customer was charged almost 20% of the booking amount by the builder ionic realty but nw it has been sold by ionic to crystal(virar nagri) almost 2years back(2012).nw the crystal which a new builder had even reduced the area which was prmoised by ionic before saying they have improved the project amenities. its a fraud project which has been delaying since den(5 years).we still dint got our money even we were promised to get the project handover in 2012.but still there is no progress at site.i request to all investors to take thier money back and dont indulge or invest in such project.
lucky

My replies to this discussion
Hi Lucky, Have you gon through the registration process? Then check your sale deed. Floor plan will be clearly mentioned on it. They can't changed the floor plan like that. Take the advice of a property lawyer.Hi Lucky, Have you gon through the registration process? Then check your sale deed. Floor plan will be clearly mentioned on it. They can't changed the floor plan like that. Take the advice of a property lawyer.
Q: Planning to invest in Oyster Living Divino project in Dahisar (East). Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability.
My comments to replies
Wants to book 1 BHK. Can anyone guide me whether it is a good decision or not?
Best option in Dahisar is Near SV Raod, Dahisar East. This is close to station and Highway. Dahisar is a Good option however Mira Road will be better compared to the rates and faster appreciation. But i personally like to suggest you that before any investment, you need to compare the current market trend of the locality with current ready possesion rates, analyse the figures, forecast the price trends in the next 2-3 years and then short list properties worth investing.
20th August 2015

Q: I actually had a good experience with Acme housing and I would like to share this. When I was buying a flat there I visited at the place and had a conversation with their sales team. Their team explained me each and everything very clearly and about all the facilities they are going to provide. I was won over and took the flat and am actually happy right away.
My replies to this discussion
Hi Praveen, ACME Boulevard located at Andheri East, one of the most premier locations in the city. It offers 2and 3BHK residential apartments with all the modest amenities needed for a luxurious life. This residential project is sprawled across a total land of 9 acres. It's sizes are 1155-1320 sq-ft in 2BHK and 1568 sq-ft in 3BHK and it's price per square foot rate will be Rs.13900.Hi Praveen, ACME Boulevard located at Andheri East, one of the most premier locations in the city. It offers 2and 3BHK residential apartments with all the modest amenities needed for a luxurious life. This residential project is sprawled across a total land of 9 acres. It's sizes are 1155-1320 sq-ft in 2BHK and 1568 sq-ft in 3BHK and it's price per square foot rate will be Rs.13900.
Q: Yes, the most expensive deal in India happened in South Mumbai's Napean Sea Road.

My comments to replies
At a time when housing buyers are avoiding their buying decisions leading to an inventory pile up of 46 months in the Mumbai Metropolitan Region, the report of a Mumbai penthouse worth Rs. 200 crore has created buzz in the real estate market. As per a report in the Economic Times, a sea facing triplex penthouse in South Mumbai's Napean Sea Road locality has been bought by an industrialist for a huge Rs 202-crore deal.
My dear friend Jackie........records don't stand long in Mumbai's real-estate market. This is as good as a private bungalow in the most sought after locality of tony Napean Sea Road, which does not have too many of them available now and has made way for direct developments. In spite of the fact that this is one of its kind deal that surprising the current slow realty market. It is about 4 times a recent big ticket transaction for an apartment.
10th August 2015

Q: Yes, and the SPVs will be floated by January 2016 to give a boost to prime minister Narendra Modi's favorite smart cities initiative.

My replies to this discussion
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
My comments to replies
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
"Thoda Khaye But Achcha Khaye" .....Sarkar ko ish trah sochna chaiye If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.
15th September 2015

Q: Is VBHC is in good locality ? Please suggest on investment in Palghar

My replies to this discussion
Hi Suresh, The only way to avoid problems is to take time out to conduct due diligence before finalizing any property deal. The first thing you should do in the case of projects that are still under construction is to make sure that the builder has all the necessary approvals in place, without which it would be considered illegal. We have often come across cases where projects have been stopped halfway due to lack of proper approvals. Even finished projects have been demolished for the same reason. Hence, I would never advise to go for a booking unless you have taken a close look at the key documents.Hi Suresh, The only way to avoid problems is to take time out to conduct due diligence before finalizing any property deal. The first thing you should do in the case of projects that are still under construction is to make sure that the builder has all the necessary approvals in place, without which it would be considered illegal. We have often come across cases where projects have been stopped halfway due to lack of proper approvals. Even finished projects have been demolished for the same reason. Hence, I would never advise to go for a booking unless you have taken a close look at the key documents.
About VBHC (Value and Budget Housing Corporation Pvt. Ltd.), they have established their business in with the vision of planned affordable and utility driven homes. They are building an excellent network of integrated housing projects across the country. At present, VBHC has projects in Mumbai, Bangalore, Chennai and NCR. The company has awarded several time with "Outstanding Contribution To Low Cost Housing", "ICI (KBC) - Birla Super Award for Outstanding Concrete Structure Of Karnataka 2013", Lokmat Award for Affordable Housing of the Year 2014" and NDTV Property Award Winners of the Year and many more in the list. Currently, they are developing 2 projects in Mumbai i.e. VBHC Hillview, Vasind and VBHC Evergreen, Palghar.. Both the projects are under construction and offering 1/2BHK from Rs.14-16 lacs onward. A 1BHK in 554 sq-ft. (build-up area) will cost to you Rs. 1969955 all inclusive.About VBHC (Value and Budget Housing Corporation Pvt. Ltd.), they have established their business in with the vision of planned affordable and utility driven homes. They are building an excellent network of integrated housing projects across the country. At present, VBHC has projects in Mumbai, Bangalore, Chennai and NCR. The company has awarded several time with "Outstanding Contribution To Low Cost Housing", "ICI (KBC) - Birla Super Award for Outstanding Concrete Structure Of Karnataka 2013", Lokmat Award for Affordable Housing of the Year 2014" and NDTV Property Award Winners of the Year and many more in the list. Currently, they are developing 2 projects in Mumbai i.e. VBHC Hillview, Vasind and VBHC Evergreen, Palghar.. Both the projects are under construction and offering 1/2BHK from Rs.14-16 lacs onward. A 1BHK in 554 sq-ft. (build-up area) will cost to you Rs. 1969955 all inclusive.
My comments to replies
Hi Suresh, The only way to avoid problems is to take time out to conduct due diligence before finalizing any property deal. The first thing you should do in the case of projects that are still under construction is to make sure that the builder has all the necessary approvals in place, without which it would be considered illegal. We have often come across cases where projects have been stopped halfway due to lack of proper approvals. Even finished projects have been demolished for the same reason. Hence, I would never advise to go for a booking unless you have taken a close look at the key documents.
As far as locality is concerned, Palghar is a town in Thane district and is located 129 Kms towards North from the district headquarters Ratnagiri. It is a border town located near Gujarat and situated at a distance of 87 Kms from capital city Mumbai. Connectivity to the town is good and smooth as it is a part of the Suburban Rail network. The town lies on the Mumbai-Ahmadabad rail route and is the next major junction after the town of Virar. By road, it is connected by the Highway 8 which connects Mumbai and Ahmedabad. Palghar houses many good schools including Aryan High School. Sharda Hospital, Kotis Prashanu Hospital are some of the reputed health zone in the locality. Since it is an affordable locality in Thane district, there is a high demand for residential properties here. The current residential property rate in Palghar East is Rs. 2750/sq-ft while in Palghar West is Rs. 2600-3800/sq-ft.
17th August 2015

Q: Hi, Please advice " Dose Corpus fund is given for Extra Floor Space being purchased or on Existing Area of flat " ?
My comments to replies
Hi Sudhang, The extra perks that you get from builder varies, it depends on the popularity of the builder and his accomplishments. What you can do is to compare notes with other people and decide what is best for you. It is paid on the old carpet area. The corpus amount is worked out on the basis of Rs……..per sq.fts on the existing carpet area.
According to me, before you go for this kind of deal and investing huge for redevelopment, you should be aware of all the procedures and the paper work involved so that you are not misguided into losing that money that you have. I am not scaring you, but every member should have a proper knowledge if they have to want to do the whole thing on their own.
17th August 2015

Q: Do home property prices going to come down in next 6 to 7 years? Do i need to sell my 2BHK property in Badlapur right now?

My replies to this discussion
My comment is that property prices are always range limit and never go below lower bracket of range e.g. If current psf Price in Vashi area of Navi Mumbai is Rs.10000 then you might find properties in the range of Rs.9000 psf to 11000 psf i.e. within the range of 9000 to 11000 psf but don,t expect prices to go below 9000 psf except distress sale or properties with inherit disadvantages like south facing property or property near graveyards.My comment is that property prices are always range limit and never go below lower bracket of range e.g. If current psf Price in Vashi area of Navi Mumbai is Rs.10000 then you might find properties in the range of Rs.9000 psf to 11000 psf i.e. within the range of 9000 to 11000 psf but don,t expect prices to go below 9000 psf except distress sale or properties with inherit disadvantages like south facing property or property near graveyards.
A completely agree with Jerome.... Secondly, land is a natural resource therefore its in short supply. Land price increase much faster compared to property/flat price therefore many people buy land for investment purpose rather buying a property. If Land cost will increase than definitely, it will increase the price of a property.A completely agree with Jerome.... Secondly, land is a natural resource therefore its in short supply. Land price increase much faster compared to property/flat price therefore many people buy land for investment purpose rather buying a property. If Land cost will increase than definitely, it will increase the price of a property.
My comments to replies
My comment is that property prices are always range limit and never go below lower bracket of range e.g. If current psf Price in Vashi area of Navi Mumbai is Rs.10000 then you might find properties in the range of Rs.9000 psf to 11000 psf i.e. within the range of 9000 to 11000 psf but don,t expect prices to go below 9000 psf except distress sale or properties with inherit disadvantages like south facing property or property near graveyards.
Right Jerome, Indian Real Estate market is dominated by Investor's not by end users. These investor's are Businessmen, NRI's or Politicians. Investor's control approx 80% of supply which in turn increase the rates.
15th September 2015

Q: IDFC substitutes have the intention to invest Rs.4000 crore in infrastructure projects across power, roads, ports and airports over 18-24 months.

My replies to this discussion
Hi folks!!! Do you know that last year, IDFC Alternatives' India Infrastructure fund raised Rs.5500 crore to invest in power generation, renewable energy, roads, ports and airports. From this fund, they have about Rs.4000 crore left to invest and they expect to completely unwind this over the next 18 to 24 months. The firm is willing to invest in good projects with stressed sponsors and not stressed projects.Hi folks!!! Do you know that last year, IDFC Alternatives' India Infrastructure fund raised Rs.5500 crore to invest in power generation, renewable energy, roads, ports and airports. From this fund, they have about Rs.4000 crore left to invest and they expect to completely unwind this over the next 18 to 24 months. The firm is willing to invest in good projects with stressed sponsors and not stressed projects.
Q: Deal sizes have increased in 2015, and residential projects, luxury and affordable, attracted a sufficient amount of capital.

My replies to this discussion
Right Sir, But this figure is higher than $ 2.1 billion in 80 deals invested in 2014, in the middle of a 2 years long slowdown that continues to see muted sales and an inventory pile-up. But the current picture has been changing and Foreign institutional investors and the private equity funds made a queue to invest in residential and commercial projects in 2015.Right Sir, But this figure is higher than $ 2.1 billion in 80 deals invested in 2014, in the middle of a 2 years long slowdown that continues to see muted sales and an inventory pile-up. But the current picture has been changing and Foreign institutional investors and the private equity funds made a queue to invest in residential and commercial projects in 2015.
Here are the top 5 private equity real estate deal in 2015:- 1) GIC Pte Ltd joined hands with DLF Home Developers Ltd. in September,2015 in residential project in Delhi with a CAPITAL OF $ 299.53. 2) In August 2015, Asian Development Bank, International Finance Corp., SCM Real Estate Singapore Pvt. Ltd. joined hands for investment in affordable housing projects with Shapoorji Pallonji Group with a capital of $ 200. 3) Again in August, Goldman Sachs Group Inc. joined hand with Piramal Realty Ltd. for entity level investment with a capital of $ 136.8. 4) In July 2015, Piramal Realy Limited sign a deal for entity level investment with Warburg Pincus for $ 284.34. 5) Faery Estates Pvt. Ltd. sign a deal with SPREP Pte Ltd, alliance between Canada Pension Plan Investment Board and Shapoorji Pallonji Group for $ 220.Here are the top 5 private equity real estate deal in 2015:- 1) GIC Pte Ltd joined hands with DLF Home Developers Ltd. in September,2015 in residential project in Delhi with a CAPITAL OF $ 299.53. 2) In August 2015, Asian Development Bank, International Finance Corp., SCM Real Estate Singapore Pvt. Ltd. joined hands for investment in affordable housing projects with Shapoorji Pallonji Group with a capital of $ 200. 3) Again in August, Goldman Sachs Group Inc. joined hand with Piramal Realty Ltd. for entity level investment with a capital of $ 136.8. 4) In July 2015, Piramal Realy Limited sign a deal for entity level investment with Warburg Pincus for $ 284.34. 5) Faery Estates Pvt. Ltd. sign a deal with SPREP Pte Ltd, alliance between Canada Pension Plan Investment Board and Shapoorji Pallonji Group for $ 220.
My comments to replies
Here are the top 5 private equity real estate deal in 2015:- 1) GIC Pte Ltd joined hands with DLF Home Developers Ltd. in September,2015 in residential project in Delhi with a CAPITAL OF $ 299.53. 2) In August 2015, Asian Development Bank, International Finance Corp., SCM Real Estate Singapore Pvt. Ltd. joined hands for investment in affordable housing projects with Shapoorji Pallonji Group with a capital of $ 200. 3) Again in August, Goldman Sachs Group Inc. joined hand with Piramal Realty Ltd. for entity level investment with a capital of $ 136.8. 4) In July 2015, Piramal Realy Limited sign a deal for entity level investment with Warburg Pincus for $ 284.34. 5) Faery Estates Pvt. Ltd. sign a deal with SPREP Pte Ltd, alliance between Canada Pension Plan Investment Board and Shapoorji Pallonji Group for $ 220.
Investment by FIIs and PE Fund have increased because asset prices and valuations have become more reasonable, entry barriers are lower and the larger regulatory framework appears more favorable for global institutional players to enter into business connections in India.
1st October 2015

Q: Hi, can anybody tell me the construction status of the Raj Spectrum by Rajesh Lifespaces at Sion West, Mumbai?
My replies to this discussion
Hi Abhijit, I have inquired about this project too and the booking amount will be 7 lacs and rest on slapwise. The project locality looks quite good and all the basic amenities such as schools/colleges, hospitals, markets/malls, railway stn, bus stop, atms are within few kilometers distance. Transport facilities are also good in the localities. Eastern Expres Highway-2 kms, Western Express Highway-1.0 km, Sion Stn-1.7 kms, Airport-10.1 kms, Phoenix Mall, Kurla-5 kms, Bandra Stn.-2 kms.Sion Stn.-1.7 kms.Hi Abhijit, I have inquired about this project too and the booking amount will be 7 lacs and rest on slapwise. The project locality looks quite good and all the basic amenities such as schools/colleges, hospitals, markets/malls, railway stn, bus stop, atms are within few kilometers distance. Transport facilities are also good in the localities. Eastern Expres Highway-2 kms, Western Express Highway-1.0 km, Sion Stn-1.7 kms, Airport-10.1 kms, Phoenix Mall, Kurla-5 kms, Bandra Stn.-2 kms.Sion Stn.-1.7 kms.
Q: Company is looking for strategic partner who can buy 40% of its stake in the project in the Mayfair locality of central London.

My comments to replies
The company has started talking with PE Firms, sovereign funds and family offices to sell a 40% stake in the project in the Mayfair locality of central London for around Rs 1000 crore. Negotiations for the stake sale are on and a deal is expected to be ended in a few weeks.
It is also came to know that company acquired 22-23 Hanover Square, a commercial property in a central London with a winning bid of 155 million pounds for the assets and financed the transaction through internal accruals.
14th October 2015

My comments to replies
Mr.Ashfaque, The Property that you have Inquired about is, Haware Pinnacle which is located at Bapgaon in Kalyan West. This location is technically on the out skirts of Kalyan city and hence it might have a Launch price of around 4K rupees. And speaking about appreciation, A project only see's appreciation if its surrounding goes through Infrastructure development and generates a good lively hood for the people around. In this case, I assume it will take a long while to happen. So maybe you should look for a place which might appreciate in the next 5 years or so. Do write to us at citylightsrealtyy@gmail.com and let us help you in finding the Home that you desire.
Affordability, infrastructure development and connectivity are the three most important consideration while selecting a location to buy a home and Kalyan has it all. Being one of the largest locality of Mumbai Metropolitan Region, it has mass of modern amenities such as adequate water, electricity supply, many national and international schools, parks, playground, markets, shopping malls and dinning outlets.
16th October 2015

Q: Due to high price and unfavorable sentiments in big cities, housing sales are expected to rise at a slower pace of 15-20% during the ongoing festival season.

My replies to this discussion
Even i think so. Because, real estate market, especially residential segment has been witnessing a slowdown for last 2-3 yrs which leading to slow housing sales and 4-5 yrs of delay in the completion of projects. And this year too i don't expect more than 15-20% increase due to the fact that sentiment is still somewhat unfavorable and there is an affordability gap in the larger cities like Mumbai.Even i think so. Because, real estate market, especially residential segment has been witnessing a slowdown for last 2-3 yrs which leading to slow housing sales and 4-5 yrs of delay in the completion of projects. And this year too i don't expect more than 15-20% increase due to the fact that sentiment is still somewhat unfavorable and there is an affordability gap in the larger cities like Mumbai.
Yes Nikhil, Real estate market is currently spark with options for prospective buyers and developers are offering discounts in almost all the projects, especially those which are ready-to-move-in. The offers and freebies that are being offered during this period must be closely examined to establish their true contribution in terms of the overall value of the property, and the deal itself.Yes Nikhil, Real estate market is currently spark with options for prospective buyers and developers are offering discounts in almost all the projects, especially those which are ready-to-move-in. The offers and freebies that are being offered during this period must be closely examined to establish their true contribution in terms of the overall value of the property, and the deal itself.
My comments to replies
Yes Nikhil, Real estate market is currently spark with options for prospective buyers and developers are offering discounts in almost all the projects, especially those which are ready-to-move-in. The offers and freebies that are being offered during this period must be closely examined to establish their true contribution in terms of the overall value of the property, and the deal itself.
@Visal, To boost housing demand, government needs to review the taxes and duties that effect the pricing of any project. Also, the process of granting approvals need to be speed up so that time taken from conception to actual delivery of homes will be reduced.
20th October 2015

Q: Piramal Group, TPG Capital and Baring Private Equity Asia are in the race to acquire ICICI Home Finance Company, a subsidiary of India's largest private bank.
My comments to replies
ICICI valued its assets around Rs 4400 crore. But a person directly involved in the bidding process valued these assets anywhere around Rs. 3000-3500 crore. It would be very surprised if the deal happens above this.
Hi Vivek, Industry experts are saying that buyers are aggressively looking at the housing finance sector because of the overall shortage of homes in India and expectations that the government's plan to build smart cities will push up demand in urban and rural areas. The housing sector has grown at roughly 20% in the past 5 yrs, a pace that's expected to quicken in the coming yrs.
3rd November 2015

Q: What is the stamp duty and registration charge when you buy extra area in redevelopment in mumbai?

My comments to replies
Hi Sneha, The Stamp Duty payable would be on the cost of construction of the present area of the Premises and on the market value for the extra area received as per the Ready Reckoner Value published by the Government of Maharashtra every year on 1st January.
But remember, in the cases of redevelopment, the Stamp Duty and the Registration Charges on surrender of the existing premises to the Developer for the purpose of redevelopment would be paid by the Developer. Whereas, when the individual members receives the redeveloped premises from the developer, he is liable to pay Stamp Duty and Registration Charges on the same as per the Ready Reckoner Value published by the Government of Maharashtra every year on 1st January.
1st December 2015

Q: I booked flat in Vihang Valley ph 3 , in 2011 but still work is not progressed as promised at all. I would liike to creat group of owners in that building so that we can go to consumer court and somewhere.

My replies to this discussion
Hi, I came across Vihang Valley project next to Hypercity. It has first phase ready with people already staying there and second phase seems to be due for possession soon. It has 1 BHK(600 sqft) as well as 2 BHK(800 sq-ft). Ongoing prices seem to be near 7500/sq-ft. Kindly guide me how this shall be from an investment perspective as well as livability perspective. How is the reputation of builder.Hi, I came across Vihang Valley project next to Hypercity. It has first phase ready with people already staying there and second phase seems to be due for possession soon. It has 1 BHK(600 sqft) as well as 2 BHK(800 sq-ft). Ongoing prices seem to be near 7500/sq-ft. Kindly guide me how this shall be from an investment perspective as well as livability perspective. How is the reputation of builder.
My replies to this discussion
Procedure of converting agriculture land into residential land:- Tahasildar/Revenue Inspectors will visit the spot and confirm whether proper approach road is available to the land and also verify the Land Tribunal's Original records and other documents submitted by the applicant. In case of patta lands, conversion order will be issued by the Tahsiladar. In case of LRT lands, report will be sent to the DC office. Again the verification will be done at each stage in Deputy Commissioner's office as per rules. On successful verification, the land conversion application will be approved and the notice will be issued to the party to remit the conversion fees and other fees, if any, to the Government.Procedure of converting agriculture land into residential land:- Tahasildar/Revenue Inspectors will visit the spot and confirm whether proper approach road is available to the land and also verify the Land Tribunal's Original records and other documents submitted by the applicant. In case of patta lands, conversion order will be issued by the Tahsiladar. In case of LRT lands, report will be sent to the DC office. Again the verification will be done at each stage in Deputy Commissioner's office as per rules. On successful verification, the land conversion application will be approved and the notice will be issued to the party to remit the conversion fees and other fees, if any, to the Government.
Q: How is Gauri Vinayak builder's? Please give me reviews of Kashish Galaxy in kalyan East. I am planning to buy a home in Kashish Galaxy in thakurli East. But I am unable to find any reviews of builder or project. Please reply me ASAP
My comments to replies
Hi Akhilesh, Gaurivinayak Kashish Galaxy is a residential cooperative housing society situated in Kalyan (East) Mumbai. It provides proficiently designed beautiful 1/2 BHK apartments. The residential project is equipped with all kinds of basic amenities and up to date facilities. Sizes available in 1BHK are 380-625 sq-ft and 2BHK from 840-880 sq-ft. A 1BHK will cost to you Rs. 17.10-28.12 lakh onward whereas a 2BHK will near around 37.80-39.60 lakh onward.
Right Shantanu, And as far as builder is concerned, Gaurivinayak Builders And Developers Pvt. Ltd. is among the most leading real estate developers in Mumbai, specializing in the construction of Apartments and Villas. The company was founded with a motto to provide quality residential apartments and villas to a truly better living experience. It is is a Private Company incorporated on 13 July 1998. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. They are currently developing 2 projects in Mumbai.
21st March 2016

Q: Hi, could you please advise area which is (relatively) away from pollution yet not too far from the city? Looking for 1 or 2 BHK home in Nashik in such area.

My replies to this discussion
Hi Kapil, Here are the few pre-launch projects in above mentioned localities as per your requirement. To get more details of these projects click the link New launches in Nashik Or, To get best deal on it, you can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi Kapil, Here are the few pre-launch projects in above mentioned localities as per your requirement. To get more details of these projects click the link New launches in Nashik Or, To get best deal on it, you can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
My comments to replies
Hi Kapil, A number of gated communities and villa projects have developed in neighborhoods like Gangapur Road, Ashoka Marg and Ambad-Trimurti Chowk Link Road. The current market rates for villas in these regions are cited to hover between Rs. 90 lakhs and Rs. 2 crore. 3 BHK row houses along Pathardi Road and Deolali Camp are quoted Rs. 60 lakhs on average.
Good Morning Gauri!!!! No doubts, these localities are good both for investment as well as for the end use. But the price is little bit higher what you have mentioned above. The real estate sector is already facing a recession for the past 4 and half yrs. The gap between demand and supply has also increased considerably in the city. The supply is good, but not the demand. Moreover, the construction cost of the projects has increased by Rs 500/sq-m because of the rise in construction cost on the in foot notes of the Ready Reckoner rates from Rs 12500-23000/sq-m.
7th April 2016

My comments to replies
Hi Himanshu, According to the ''Apartment Act'' in most states, car parking is a part of the society's common areas. Since the purchase of parking slots has been considered illegal, the transaction to purchase would become invalid. Once the housing society is registered, it becomes the owner of all the common spaces of the apartment complex including the parking spots. So, if there are limited number of parking spots, than the managing committee decides the basis of the distribution in consultation with the members.
Bhuvan is right. Parking spaces have often been a matter of prime concern for several apartment complexes. Often there are some disputes like allocation of spaces or the fee structures. Parking spaces are common spaces which belong to the housing society. Allotment of the same is at their discretion and the same can be done by means of First Come, First Serve or however the managing committee deems fit.
7th April 2016

Q: Hello, can someone advice? My mother in law owned an appartment in Goa.Three years ago we bought it from her and paid cash . we didnot change the property name at that moment. we are now looking to transfer the property to our name. we were informed that we could avoid all expenses if she makes an inheritance will stating that the property will pass on to us at the time of her death, Is this so? IF NOT what are the current percentages of taxes, registeration etc we will have to pay? is it an easy process or should we hire a lawyer, to take care of this since we live in mumbai? thanks in advance
My comments to replies
HI Karen, It is advisable to note that Goa continues to have Portuguese personal law relating to marriage / divorce and succession. Personal laws of different religious communities prevailing in rest of India namely for Hindus, Muslims, Christians etc like Hindu Marriage/Succession Act etc are not extended to the State of Goa. Barring the above major laws and other specific laws referred to hereinafter, rest of the laws relating to property like Transfer of Property Act/ Contract Act, Easement Act, Registration Act, prevailing in India apply equally to the State of Goa.
It is true and registration is not to be confused with the registration of Deeds of Sale, Gift and Agreement by the Sub-Registrar under the Indian Registration Act under which the sale of property is registered, whereas under Portuguese law, the title in the land is registered.
13th May 2016

Hi! Documents required by the seller at time time of property registration:- The seller must have the basic title document like Sale Deed, Gift Deed, Will or Court Succession proceedings to prove his title. The recitals, if any in the Sale Deed may indicate the flow of title primafacie. Also survey record Form I & XIV for village property card for cities to confirm lawful and physical possession is a must.
Usually an agreement can be signed putting on paper the intentions of the parties. Sometimes an agreement styled as Memorandum of Understanding (MoU) is also executed although the Contract Act does not provide for any such MoU. For the last 3 yrs in Goa an Agreement to Sell has to carry a stamp duty equivalent to 1% of the sale consideration. An MoU may be difficult to enforce if objection is taken that it is an Agreement without stamp duty. In the case of registration of the Agreement with 1% stamp duty, only upon delivery of possession are full registration fees (i.e. 2%) payable, if not, only minimum charge of Rs. 100/- is payable.
13th May 2016

Q: I just want to know What are the process charges for the Resale Flat. are they necessary Stamp Duty - OK Registration Charges - OK LBT/VAT - OK Legal Charges - Ok Transfer Charges - Taken care by the seller (?) NOC Charges- ??? & What % is the NOC charges please help to clearify

My comments to replies
Good evening Krishna, Most of the housing societies and association pressurize buyer/seller and take extra money as NOC Charges. They call it by different names like "Development Charges", "Infra Fund" , "NOC Charges" and what not. But it is a matter of sad that buyer and seller are mostly in a hurry to close the transaction. So, this practice goes on and nobody is there to oppose. Society also makes money. So residents don't oppose. These charges are shared 50:50 by buyer and seller. If you want to fight the society, you can complain to the registrar. Else just pay your Rs.25000 and close the deal.
Yes, flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. Presently, flat owners are forced to secure the NOC from builders for reselling their flats. There are complaints that, builders charge hefty amounts in cash from flat owners seeking NOCs. You can complain to the registrar.
27th May 2016

Q: Name written on 7/12 is of first seller who has done the plotting of land sold plots to individuals. 1) Is NOC or approval is required from first seller if I want to sell my plot? 2) Do I have to pay any charges to first seller? 3) Can first seller stop me for selling my own plot?
My replies to this discussion
Hi! If it is a freehold property and registered in your name then you don't need to take NOC and have to pay any charges to the first seller. As per sale deed, your name will be written as the last owner of the property. So, you have the rights to sale property to anyone. Apart from that these are the documents you need to have in order:- 1) Letter of allotment, 2) Sale deed, 3) Sanctioned plan, 4) Society documents, 5) Encumbrance certificateHi! If it is a freehold property and registered in your name then you don't need to take NOC and have to pay any charges to the first seller. As per sale deed, your name will be written as the last owner of the property. So, you have the rights to sale property to anyone. Apart from that these are the documents you need to have in order:- 1) Letter of allotment, 2) Sale deed, 3) Sanctioned plan, 4) Society documents, 5) Encumbrance certificate
Q: I had bought a property in Navi Mumbai in 2014 and had then taken a loan from LICHFL because of which Cidco has issued a Mortgage NOC in the their name. Now i have switched the home loan from LIC to SBI and now SBI is asking Mortgage NOC from CIDCO in the name of SBI? Is this required or is there a procedure in Cidco for such transfer.

My comments to replies
Hi , You shall have to fulfill the condition of creditor or change the financier. Secondly, An agents or Bank Loan issuer will do it fast and effective. They know best procedures. Let them handle or contact those who recd loans .
Yes, and you can do one thing, You have to go to CIDCO office at CBD Belapur and talk to the PRO who will direct you to the concerned officer. you will have present all the original documents and mention the bank from whom you are borrowing and they will issue a NOC to the bank who is taking the property as a security. Thanks.....
8th June 2016

My comments to replies
Hi Siddhartha, In 2010, the Supreme Court had ruled that open or stilt car parking area cannot be sold or treated as flat or garage and sold to individual flat owners, but at the best be treated as common area. These spaces are part of the common areas in flat complexes and not saleable independently as a flat or along with a flat.
You are right Pradyuman. So, it is necessary for a promoter/developers/builders to disclose the common areas and facilities. Stilt parking spaces are usually not described as the part of the common areas. The same as such does not appear in the advertisement and agreement with the flat purchaser.
8th July 2016

My replies to this discussion
Hi Nilesh!!!! Stamp duty should be paid before, on the day or the next working day of the execution of the sale agreement. If it gets delayed, you would be required to pay a penalty of 2% every month on the deficit amount of the stamp duty, subject to the maximum rate of 200%.Hi Nilesh!!!! Stamp duty should be paid before, on the day or the next working day of the execution of the sale agreement. If it gets delayed, you would be required to pay a penalty of 2% every month on the deficit amount of the stamp duty, subject to the maximum rate of 200%.
My replies to this discussion
Hi Chetna, You can easily find the past track record of any developers. You just have to Google with the developer or its project name and you will get many positive and negative reviews on it. Even i used the same trick and didn't find a single negative reviews about this developer. But still you have to search that how many project this developer has successfully delivered on time? How many projects are under construction and how many still to come? What is company's financial condition. These all tricks play a major role in searching a good developer.,Hi Chetna, You can easily find the past track record of any developers. You just have to Google with the developer or its project name and you will get many positive and negative reviews on it. Even i used the same trick and didn't find a single negative reviews about this developer. But still you have to search that how many project this developer has successfully delivered on time? How many projects are under construction and how many still to come? What is company's financial condition. These all tricks play a major role in searching a good developer.,
My comments to replies
HI, According to the Hindu law if there is a will of deceased husband, property will distribute accordingly to the will. But if there is not a will then according to Hindu Law, both widow and Son have right to get property according to Hindu Law. Widow can claim share in her husband self acquired property while Son has right to get share in both kind of property ancestral and self acquired. You can file suit for Partition for claiming your right in property. After you get your share you can dispose off your share in your property subject to some conditions.
Hello Vijay... A widow is one of the class-I legal heirs under the Hindu Law in addition to the sons and daughters and the children of pre-deceased sons and daughters and the mother. If no other legal heirs have been left, the widow would inherit the share of her husband in his ancestral property as his class-I legal heir.
16th November 2016

Q: Mahindra Group is renowned name who has been launched brand new project which name is Mahindra Kandivali and it is located in Kandivali East Mumbai.Mahindra group is very known name in real estate sector that is famous for its high quality reputation.Kandivali has best connectivity to the city because many of roads, bus networks and traveling facility pertaining to this region. This is growing region of social amenities, industrial hub and infrastructure development. You can find every commodity nearby apartment from the market, super market and malls. Hospitals, clinics and medical shops are situated here for you health conveniences. Schools, public schools and many of educational institutes are located here. Projects Details Type: 1,2,3BHK Project Location: Kandivali, Mumbai Size Ranging: 500-1646 sq.ft Contact us:- MAHINDRA KANDIVALI 9739976422 http://www.mahindrakandivali.newprojectlaunch.in/

My replies to this discussion
Hi, Is this project launch or still in pre-launch phase? What will be the size of a 2BHK flat and its current rate per square foot?Hi, Is this project launch or still in pre-launch phase? What will be the size of a 2BHK flat and its current rate per square foot?
Q: Wold class interior designed bedroom with all under setup led bulb. Raymond Group provide in 2 BHK 2 Bedroom, 2 bathroom, 1 kitchen, 1 study room, 1 guest room, also balcony master room is a one site center with all attach . 2 4*7 powers and water supply, swimming pool, gymnasium, community hall, multipurpose hall, Jogging track, morning walk, play Ground. To know more information visit us: http://smartpropertyinindia.blogspot.in/2016/12/raymondpokhranroadthanemumbai-price.html

My replies to this discussion
Hi Sandeep, I also heard about this project. It has some unmatched features in it such as wold class interior designed bedroom with all under setup led bulb, 2 Bedroom, 2 bathroom, 1 kitchen, 1 study room, 1 guest room, also balcony master room is a one site center with all attach. 2 4*7 powers and water supply, swimming pool, gymnasium, community hall, multipurpose hall, Jogging track, morning walk, play Ground.Hi Sandeep, I also heard about this project. It has some unmatched features in it such as wold class interior designed bedroom with all under setup led bulb, 2 Bedroom, 2 bathroom, 1 kitchen, 1 study room, 1 guest room, also balcony master room is a one site center with all attach. 2 4*7 powers and water supply, swimming pool, gymnasium, community hall, multipurpose hall, Jogging track, morning walk, play Ground.
My comments to replies
Apart from that, the New Panvel Matheran Neral Bhimashankar State Highway which is under construction, once completed will prove to be a major plus point for this area. It will reduce the travel time from Panvel. Presently, it takes around 45 kms to cover 20 kms distance, saving upto 45 minutes of travel time. Also I have read somewhere that proposed Panvel to Karjat single track which is now used only for cargo, two line railway will also benefit this area. Overall, locality looks good for end users as well as for investors.
I am agree with you both. A recent survey suggests that there are 10000 apartments being built in Neral alone. This area is balanced to witness a increase in rates as the area develops with further development of social infrastructure. The first mall has already been announced in Neral and other entertainment/ shopping and food locations are not going to be far behind.
19th April 2017

My replies to this discussion
Hello Swapnil, I think you should contact the local brokers of that area. They must have the details of the flats available in their locality for rent.Hello Swapnil, I think you should contact the local brokers of that area. They must have the details of the flats available in their locality for rent.
Q: Major issue like Leakage and seepage inside and outside buildings,Plumbing Tabs were damaged due to Bore well water issue, Drainage line issue, awaited for 24Hrs drinkable water,,MSEB issues, Pathetic street road structure without street lights,,

My comments to replies
Hi Satish, I am planning to book a 1 bhk flat in Dharti Green Acres, Panvel, Navi Mumbai but going through your review, i find it difficult to book. Where is the project strategically located and how is the social and physical development inn the locality? Is this locality good for investment?
Hi, I would only like to suggest you that before booking your flat just check whether this project has got approval from RERA or not. If it is not a RERA approved project, then don't waste your hard earned money into it.
29th August 2017

Q: Anyone here booked - Rustomjee azziano I wing? Pls connect with me. There is huge issue post gst. Prices increased with extra 12% tax..I am looking to get all customers

My replies to this discussion
Very simple, it is clearly given that GST is not applicable on completed projects. If you r flat does not VAT plus Service Tax as on completion date then it will not attract GST from 1st July and vice-versa. Hope this will help you clarify your doubt.Very simple, it is clearly given that GST is not applicable on completed projects. If you r flat does not VAT plus Service Tax as on completion date then it will not attract GST from 1st July and vice-versa. Hope this will help you clarify your doubt.
Q: Hiranandani Fortune City Panvel is decorated in that manner for whom the group is known- quality. The property has been revealed up to 350 acres lands spread in Navi Mumbai. You can book 1 bhk, 2 bhk and 3 bhk residential flats of several range of spaces. The group has come with the great opportunity for you in the dream city at Panvel that is bounded by the large landscapes.

My comments to replies
Hi Ashish, Is Hiranandani Fortune City, Panvel is a RERA approved project? If yes, then provide me its RERA Registration number? When is the expected date of possession?
Well Sunil, As far as project approval is concerned, Hiranandani Fortune City, Panvel is a CIDCO approved project and almost all the banks and financial institutions are funding this proect. Yes, Its a RERA approved project and its registration no is P52000001381. As per developer, its expected possession date is April 2022.
25th October 2017

Q: We were bought a flat in Ulwe, Navi Mumbai and waiting for possession since more than 1 year. The builder is not providing a clear picture of the OC status. Hence I wanted to check if there is a way to get the clear status from the CIDCO Office?
My replies to this discussion
Hello Sindrella, I would like to suggest you, do not take possession without OC. In absence of OC, flat will be considered as illegal and some amenities such as water and electricity will discontinue the local body.Hello Sindrella, I would like to suggest you, do not take possession without OC. In absence of OC, flat will be considered as illegal and some amenities such as water and electricity will discontinue the local body.
Q: buy a property in this project

My replies to this discussion
Thanks, Vineet.... Which local body and financial institutions have approved this project? How are the locality of this project and its connectivity to the other parts of the MMR?Thanks, Vineet.... Which local body and financial institutions have approved this project? How are the locality of this project and its connectivity to the other parts of the MMR?
Q: I have purchased a flat with 180sqft terrace on 12th floor of 13 floor building. Planning to put a slab on terrace and convert it into flat Can i use the terrace area above the slab buy putting shade above ?

My comments to replies
Hi Sandesh, I would advise you to please check CIDCO rules for modification of flat. Better, hire a certified architect who knows the rules and can show you the same in writing.
I am agreed with Mr. Deepankar. But keep your society (even if it is not formed) members informed. If you are doing everything as per procedures allowed by CIDCO like, for example, no RCC, no modification to pillars/slab that puts extra load on bldg or weakens then most may cooperate.
10th December 2017

My replies to this discussion
Hello Naved, Here is how BMC calculate property tax. The BMC uses the Capital Value System to calculate property tax. The property tax calculated by the BMC is as follows- Capital value of the property x Current property tax rate (percentage) x Weight for user categoryHello Naved, Here is how BMC calculate property tax. The BMC uses the Capital Value System to calculate property tax. The property tax calculated by the BMC is as follows- Capital value of the property x Current property tax rate (percentage) x Weight for user category
My comments to replies
Hello Naved, Here is how BMC calculate property tax. The BMC uses the Capital Value System to calculate property tax. The property tax calculated by the BMC is as follows- Capital value of the property x Current property tax rate (percentage) x Weight for user category
I am agreed with Ravi. Apart from that, there has been an increase in the fixed rates for properties falling under all categories. The formula for calculation of Capital Value has been changed to include carpet area instead of the built-up area. The formula would now include a product of the Carpet Area and the Ready-Reckoner Rate. There has been a revision in the tax slabs which is expected to result in a 40% increase in property taxes.
9th February 2018

Q: Hi i want to buy 1500 Sq mt land in Thane West. How do i go about finding the same. I have short listing 1 - Wagle Estate 2 - Hiranandani Estate 3 - Pokran Road 1 Please suggest ideas on how i can find a suitable land parcel for my use.
My replies to this discussion
Visit the multiple property portals and list your requirements. They will contact you soon with the number of plots available for sale in the above localities.Visit the multiple property portals and list your requirements. They will contact you soon with the number of plots available for sale in the above localities.
Q: Ariisto Celestia Codename big boom was launched in August 2017. Its been almost an year and still nothing is there on the construction site. Any updates on the same?

My replies to this discussion
Hi Mohit, Ariisto Celestia is an ongoing residential project by Ariisto Devlopers strategically located in Mulund West, Mumbai. It offers 2 and 3 BHK residential flats ranging from 699-887 sq-ft. 2 BHK sizes are available from 699-704 sq-ft and 3 BHK from 822-887 sqft. Its current asking rate is Rs.15880 sq-ft. As per the developer its possession date is December 2024.Hi Mohit, Ariisto Celestia is an ongoing residential project by Ariisto Devlopers strategically located in Mulund West, Mumbai. It offers 2 and 3 BHK residential flats ranging from 699-887 sq-ft. 2 BHK sizes are available from 699-704 sq-ft and 3 BHK from 822-887 sqft. Its current asking rate is Rs.15880 sq-ft. As per the developer its possession date is December 2024.
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