Nishant Bhat, Mumbai
Q: What is the current status of affordable housing in Mumbai? Is it advisable to invest in properties in Mumbai?
My replies to this discussion
For the development of the infrastructure, our Industry Minister Subhash Desai named for a nodal agency to synchronize between different state and central agencies like public works department and railways in the development of Mumbai and direct to make structure of operations for the best interest of the city.For the development of the infrastructure, our Industry Minister Subhash Desai named for a nodal agency to synchronize between different state and central agencies like public works department and railways in the development of Mumbai and direct to make structure of operations for the best interest of the city.
The Central Government has suggested the state authorities to review the floor space index (FSI) policy again to meet the affordable housing demand in Mumbai. So, it looks the whole scenario is going to change. The Central Government has suggested the state authorities to review the floor space index (FSI) policy again to meet the affordable housing demand in Mumbai. So, it looks the whole scenario is going to change.
Q: I heard that BMC is taking some initiative for RR rates in Mumbai. What is it? How to know about RR rates in Mumbai?

My replies to this discussion
The initiative will help the citizens in verifying the base value of their properties. In case of any errors or mistakes, they can also send in objections. The new move will now help citizens to verify weightage attached to all the physical attributes of their properties. Also, a separate link has been created on the website to help the citizens gain information on the new tax system. This move was taken as the activists recently had demanded clarity on property tax bill after the BMC had started sending out the same.The initiative will help the citizens in verifying the base value of their properties. In case of any errors or mistakes, they can also send in objections. The new move will now help citizens to verify weightage attached to all the physical attributes of their properties. Also, a separate link has been created on the website to help the citizens gain information on the new tax system. This move was taken as the activists recently had demanded clarity on property tax bill after the BMC had started sending out the same.
Q: Where is this project exactly located and when will the possession be given?

My replies to this discussion
I have heard they will give possession by end of this year. But not sure if that will happen. Check with other residents once. I have heard they will give possession by end of this year. But not sure if that will happen. Check with other residents once.
Q: Anyone heard about the new launch by Larsen & Toubro?

My replies to this discussion
How far is the project from the airport and how is the builder reputation? I liked the project very muchHow far is the project from the airport and how is the builder reputation? I liked the project very much
Q: Isthere availablity of flat 2 or 2 1/2 bhk in Club life borivali at higher floor westerly?
Bharat

My replies to this discussion
If you are interested then you can click on Post your Requirements and give necessary details to get matching properties details on your Email and Mobile.If you are interested then you can click on Post your Requirements and give necessary details to get matching properties details on your Email and Mobile.
Q: Hi, what are the prevailing rates of properties in Mumbai?

My replies to this discussion
Neeraj, the rates of properties in Mumbai were steady last year and in the beginning of 2012 too as the demand was low and supply was also low. But things changed when the number of launches increased. And the developers were reluctant to cut down rates till recently, but have now started feeling the heat. It is observed that few developers have already started planning on rate cuts on their properties. Neeraj, the rates of properties in Mumbai were steady last year and in the beginning of 2012 too as the demand was low and supply was also low. But things changed when the number of launches increased. And the developers were reluctant to cut down rates till recently, but have now started feeling the heat. It is observed that few developers have already started planning on rate cuts on their properties.
Q: Can anyone give me the number please. Thanks Debjani
My replies to this discussion
Hi Debjani, are you a resident or owner at Greenwood Park Extension project? If yes then you can join the owners group of the same.. Can you tell me why do you need the contact no. of maintenance? Hi Debjani, are you a resident or owner at Greenwood Park Extension project? If yes then you can join the owners group of the same.. Can you tell me why do you need the contact no. of maintenance?
Q: Hi !!!!!!! I have booked a 1BHK in Lodha Casa Rio in Persiana at 4455. Can anyone tell what is the price as of now and the construction status???? Harish.
My replies to this discussion
Hi Shailender, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..Hi Shailender, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..
Hi Punit, the said prices were told by my friend who was also interested in this project.. For booking, you can click on Post your Requirements and give your communication info to get matching properties details on your Email and Mobile.Hi Punit, the said prices were told by my friend who was also interested in this project.. For booking, you can click on Post your Requirements and give your communication info to get matching properties details on your Email and Mobile.
Q: what is your opinion about RNA developer and builder in goregaon west; mumbai. They are booking apartments in exotica project in goregaon west....in mumbai......need your opinion and expert advise..THANKS

My replies to this discussion
I think before you invest, try consulting with a legal adviser. He might be the correct person to knowledge you about the legal aspects associated with the project..I think before you invest, try consulting with a legal adviser. He might be the correct person to knowledge you about the legal aspects associated with the project..
Q: my annual income is about 28 lacs, and i already own a house in mumbai suburb.. right now i am thinking of investment as i have no proper investment except policies and shares . so is it wise to buy a flat in south mumbai?will it be a good income source ?can you advise me areas which are in demand ,and can give me more rent?

My replies to this discussion
Hi Preeti, it is a real nice decision to invest in properties in South Mumbai as the zone is expected to see a revival this year after a long gap of one year.The key reason for the boost in the realty sector in this region is due to the fact that the developers are all set to launch their projects alongside resurrecting their stalled constructions believing that there will be an increased demand.Hi Preeti, it is a real nice decision to invest in properties in South Mumbai as the zone is expected to see a revival this year after a long gap of one year.The key reason for the boost in the realty sector in this region is due to the fact that the developers are all set to launch their projects alongside resurrecting their stalled constructions believing that there will be an increased demand.
Q: Hi i m looking to invest in land, kindly suggest me good and economical real estate investment options in Mumbai.

My replies to this discussion
Hi Sunil, for investment in plots in Mumbai, I feel you can go for Shahpur which is located at around 45 km from Thane.. You can buy plots in the size range of 1,200 to 3,600 sq ft at a price of Rs 200-350 per sq ft which is a good investment decision in a period of 2-3 years.. Hi Sunil, for investment in plots in Mumbai, I feel you can go for Shahpur which is located at around 45 km from Thane.. You can buy plots in the size range of 1,200 to 3,600 sq ft at a price of Rs 200-350 per sq ft which is a good investment decision in a period of 2-3 years..
Q: Hi, we are planning to buy a flat in Casa rio gold for investment purposes and would hold the property for 5-7 years..what would be the expected growth? Is it a good investment option? what are the infrastructure development plans in the future in that area
My replies to this discussion
Hi Gaganpreet, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard.. Good for investment purpose and expect good returns.. Hi Gaganpreet, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard.. Good for investment purpose and expect good returns..
Q: I have booked a flat in Sai Nirvana, Shahad Circle, Kalyan (W) at 13th floor on last year April 2012 and paid 20% amount but still there is no work till date. Only they dig for the last 1 year. When asking about construction progress they just told we will start work within 1-2 weeks and same line they are repeating for the last 1 year. There receptionist are very rude and not know any thing. When asking about concern person so they just said come at office and talk about that.What would I do in this situation.From A buyer

My replies to this discussion
Hi Tapan, have you checked with the authorities if they have got proper approvals.. Sometimes the builders go with snail pace of work when there are not proper approvals or no fixed revenue. They might be waiting for big investment by some investor or waiting for all their units to be sold out. Hi Tapan, have you checked with the authorities if they have got proper approvals.. Sometimes the builders go with snail pace of work when there are not proper approvals or no fixed revenue. They might be waiting for big investment by some investor or waiting for all their units to be sold out.
Q: Hi, I am planning to start my office at Mumbai or NCR. Please suggest me which is better option. I want to know about the condition of commercial real estate in these cities.
Pranab Malakar

My replies to this discussion
Mumbai office space has expanded beyond South Mumbai, Bandra Kurla Complex and South Central Mumbai.. Around 70 % of Mumbai’s total office space is in non-CBD locations and will have a major role in determining the performance of the city’s office market.Mumbai office space has expanded beyond South Mumbai, Bandra Kurla Complex and South Central Mumbai.. Around 70 % of Mumbai’s total office space is in non-CBD locations and will have a major role in determining the performance of the city’s office market.
My replies to this discussion
I am interested in this project.. Are flats available for sale?? What is the price they are quoting for 2 BHK? Please guide..I am interested in this project.. Are flats available for sale?? What is the price they are quoting for 2 BHK? Please guide..
Q: When will be position, RHINE CLUSTER, WING B, B-103, CASA RIO GOLD, DOMBVILI EAST

My replies to this discussion
Hi, Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..Hi, Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..
Q: Hi, what are the future prospects of investing in Pareena Infrastructure in Sector-99A?

My replies to this discussion
I have booked apartment in Pareena. Have anyone got a receipt from the developer? I have been told that it will be sent to me by post. So I want to know if you were told the same too? I have booked apartment in Pareena. Have anyone got a receipt from the developer? I have been told that it will be sent to me by post. So I want to know if you were told the same too?
Q: What are the future prospects of investing in titwala?
My replies to this discussion
Titwala which is a small town located near Kalyan, Thane is fast growing as an affordable real estate destination. The locality offers 1 BHK apartments at a minimal cost of Rs 17 lakh. The area has witnessed 100% price appreciation in the last three years and the apartments in Titwala today cost double at what they were launched initially. Still, they are in an affordable range.Titwala which is a small town located near Kalyan, Thane is fast growing as an affordable real estate destination. The locality offers 1 BHK apartments at a minimal cost of Rs 17 lakh. The area has witnessed 100% price appreciation in the last three years and the apartments in Titwala today cost double at what they were launched initially. Still, they are in an affordable range.
Q: How many floors are actually completed? 27? or 32? What is the likely date for fit outs?

My replies to this discussion
Hi Yamini, 30 floors have been completed which means more than 50% of civil work. Registration of the completed have been done. Possession for interrior fit outs can be expected by this year end.. Environmental clearance has been received. 30 % of the units are still available for booking..Hi Yamini, 30 floors have been completed which means more than 50% of civil work. Registration of the completed have been done. Possession for interrior fit outs can be expected by this year end.. Environmental clearance has been received. 30 % of the units are still available for booking..
Hi Yamini, are you interested in booking an unit here?? How much are they quoting??Hi Yamini, are you interested in booking an unit here?? How much are they quoting??
Q: I m buying 1BHK flat at DB Orchid Ozone, Dahisar, broker says my bldg no 17 is 85% complete, the possesion will be end of this year. kindly give your suggestion. best regards Savio
My replies to this discussion
I want to buy 1BHK at Orchid Ozone, can you please share your experience. your kind help shall be appreciated. I want to buy 1BHK at Orchid Ozone, can you please share your experience. your kind help shall be appreciated.
Q: Dear All,I am planning to buy a 2BHK in Clarion. Basically I was looking for some 2BHK in Kandivali (E) and the broker took me and shown the site.He was all gang-hoo about the project and said that he has a investor flat at good rate with good appreciation in future. He also mentioned that work was stopped but now it is in full swing. But thanks to the reviews by all the users in this forum, I want to be doubly sure before taking a plunge.So just like to know1) Is it a good time to invest. I am ready to wait for some time but just dont want to be stuck in the same indefinitely in hope of good returns.2) Was CC for higher floors the only issue or there are some other issues. CC issue could be (or might have been resolved) after the BMC approval but if there are some internal issues (like as mentioned cash crunch, land title) that they are very difficult to resolve and could stop the project for a long time.Thanks in advance

My replies to this discussion
Hi Nitin, even I had a doubt about a project and after many discussions in this forum, got a right review and invested in a project.. I feel this is the right time to invest in real estate as the booking of properties in Mumbai has witnessed a rise of 26 percent in January this year. As per reports, sales registration of properties have gone up. However, if month by month analysis has to be done, then the growth was merely 10 percent higher than the previous month, December. In that particular month, a growth of over 42 percent was witnessed in sales registration as against November.Hi Nitin, even I had a doubt about a project and after many discussions in this forum, got a right review and invested in a project.. I feel this is the right time to invest in real estate as the booking of properties in Mumbai has witnessed a rise of 26 percent in January this year. As per reports, sales registration of properties have gone up. However, if month by month analysis has to be done, then the growth was merely 10 percent higher than the previous month, December. In that particular month, a growth of over 42 percent was witnessed in sales registration as against November.
Q: Hi, im looking to buy a resale property and planning to go for SBI Loan. how much time does it take for SBI people to process the loan?
My replies to this discussion
Hi Sunil, how much time does it take to avail the loan??Hi Sunil, how much time does it take to avail the loan??
Q: Has anyone heard about this project - Adhiraj Upscale which is in per launch and is located in sec 36 kharghar . Is it good investment option ? - builder quoting - 6000/ sq. ft. For 10% scheme

My replies to this discussion
You can go ahead as the project looks impressive with good amenities.. It is very near to the railway station.. Also, this builder has around 4-5 buildings adjacent to Cypress. You can go ahead as the project looks impressive with good amenities.. It is very near to the railway station.. Also, this builder has around 4-5 buildings adjacent to Cypress.
My replies to this discussion
The rates are pretty economic and the avg psf right now is Rs 2300 but I am not sure whether there will be some appreciation and development in the Vasind area in the near future. So, it can be a reason to scrap the project.. However, I am not too sure. How did you get to know about the scrapping of this project??The rates are pretty economic and the avg psf right now is Rs 2300 but I am not sure whether there will be some appreciation and development in the Vasind area in the near future. So, it can be a reason to scrap the project.. However, I am not too sure. How did you get to know about the scrapping of this project??
Q: At the time of booking themarket interest rate was around 8.5 to 9 % where as lodha was offering 6% ( ie rebate of 2.5% approx.)if loan is taken from this 2 banks. This rebate was suppose to be paid by lodha to bank after a year from disbursement. Now when I approached them they seems to make some excuses. Hence I want to know if any body has got this benefit.

My replies to this discussion
Hi Rakshit, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..Hi Rakshit, Prices have come upto Rs 4770 per sqft.. Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready.. Development is on.. In the finishing stage as I have heard..
Q: I would like to know about the area with respect to shopping malls, market area, etc.

My replies to this discussion
Hi Purvi...if you go from Dowa..then Chandanagar is just 6 kms from the Mumbai highway. And if you go from Kukatpally Industrial Estate in Bala Nagar, then the highway is around 14 kms far.Hi Purvi...if you go from Dowa..then Chandanagar is just 6 kms from the Mumbai highway. And if you go from Kukatpally Industrial Estate in Bala Nagar, then the highway is around 14 kms far.
Q: Where and when the exhibition going to happen ?

My replies to this discussion
Around 102 developers including Hiranandani Constructions, Hubtown Ltd, Kalpataru, Kanakia Spaces, Ajmera Realty, Nahar Group, RNA Corp, Nirmal lifestyle, Rajesh Lifespaces, Rustomjee, Ekta World, India Bulls Real Estate, Lodha Group, Shree Naman Group will be participating in the exhibition by displaying properties in and around Mumbai Metropolitan Region (MMR), Pune, Bangalore, Thane, Navi Mumbai, Chennai, Hyderabad, Ahmedabad and several other locations.Around 102 developers including Hiranandani Constructions, Hubtown Ltd, Kalpataru, Kanakia Spaces, Ajmera Realty, Nahar Group, RNA Corp, Nirmal lifestyle, Rajesh Lifespaces, Rustomjee, Ekta World, India Bulls Real Estate, Lodha Group, Shree Naman Group will be participating in the exhibition by displaying properties in and around Mumbai Metropolitan Region (MMR), Pune, Bangalore, Thane, Navi Mumbai, Chennai, Hyderabad, Ahmedabad and several other locations.
Q: construction work is going on at DB site ? Slab date is getting delayed for last two years

My replies to this discussion
I heard that DB is giving out matchbox sized houses over there. Is that true? I heard that DB is giving out matchbox sized houses over there. Is that true?
Q: Hi, is it wise to invest in Navi Mumbai presently? What are the current rates in that area?

My replies to this discussion
Since Cidco had displayed the new airport project in its booklets, the land prices in Navi Mumbai shot up. And now as CM said it will be delayed for long, the rates have started reducing. Since Cidco had displayed the new airport project in its booklets, the land prices in Navi Mumbai shot up. And now as CM said it will be delayed for long, the rates have started reducing.
My replies to this discussion
Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready in the vicinity tower.. Development is on.. In the finishing stage as I have heard..Construction activity seems to be going on at a fair pace.. Last time I saw, some of the sample flats were ready in the vicinity tower.. Development is on.. In the finishing stage as I have heard..
Q: What are the amendments proposed in green norms for buildings?

My replies to this discussion
Hey Ketan, yet it is not set fully. But soon the environment ministry will decide on a second set of major reforms in the green norms meant for SEZs, roads and the real estate sector, especially multi-storey buildings.Hey Ketan, yet it is not set fully. But soon the environment ministry will decide on a second set of major reforms in the green norms meant for SEZs, roads and the real estate sector, especially multi-storey buildings.
Q: Is Mahindra Lifespaces Developers planning any land deals..??
My replies to this discussion
Thanx Anuj..can you tell about the deals which have been concluded..??Thanx Anuj..can you tell about the deals which have been concluded..??
Q: I have heard that there are two mobile towers on a building in Sion. I stay in a nearby area.. What is the current scene now?

My replies to this discussion
Residents of the housing society claimed that the builder earns around Rs 8-10 lakh annually as rent from these two cell phone towers. The developers have to say that earlier the building did not have any specified Floor Space Index (FSI) and to recover the expenses for the Transfer of Development Rights (TDR) which costed around Rs 40-50 lakh, it was needed.Residents of the housing society claimed that the builder earns around Rs 8-10 lakh annually as rent from these two cell phone towers. The developers have to say that earlier the building did not have any specified Floor Space Index (FSI) and to recover the expenses for the Transfer of Development Rights (TDR) which costed around Rs 40-50 lakh, it was needed.
Q: What is the availability and pricing
My replies to this discussion
Hi Vineet, 1 BHk apartments are around Rs 20 lakh and 2 BHK are around Rs 30 lakh.. What are you looking for and what is your budget?? I might help you in finding an unit..Hi Vineet, 1 BHk apartments are around Rs 20 lakh and 2 BHK are around Rs 30 lakh.. What are you looking for and what is your budget?? I might help you in finding an unit..
Q: What are the future prospects in Borivali East?
My replies to this discussion
I have heard, some of the renowned developers who own residential projects here are Rustomjee Group, Kanakia Spaces, Rahejas, CCI Projects, Dimple Group, Ekta World among others. However, what is the rental price in this area and the entertainment options?I have heard, some of the renowned developers who own residential projects here are Rustomjee Group, Kanakia Spaces, Rahejas, CCI Projects, Dimple Group, Ekta World among others. However, what is the rental price in this area and the entertainment options?
Q: What is the total land area in this project and when is the project getting completed?
My replies to this discussion
Hi, Here are the list of property available for sale in Indiabulls Greens, Panvel, Navi Mumbai. To get more information of this project click the link Flats for Sale in Indiabulls Greens, Panvel, Navi MumbaiHi, Here are the list of property available for sale in Indiabulls Greens, Panvel, Navi Mumbai. To get more information of this project click the link Flats for Sale in Indiabulls Greens, Panvel, Navi Mumbai
My replies to this discussion
Hi, I am planning to buy a 2BH flat of this project. Can any body tell me about the project approval and which all leading banks have approved this project for housing loan? When is the project possession date? What will be the cost of a 2BHK flats?Hi, I am planning to buy a 2BH flat of this project. Can any body tell me about the project approval and which all leading banks have approved this project for housing loan? When is the project possession date? What will be the cost of a 2BHK flats?
Thanks Praveen, What are the location advantages of this project? How far is this project from Badlapur Railway Station? Which are neighboring areas of this project? What is the current residential property rate is going on in the locality?Thanks Praveen, What are the location advantages of this project? How far is this project from Badlapur Railway Station? Which are neighboring areas of this project? What is the current residential property rate is going on in the locality?
Thanks once again Praveen, How is the project connectivity to the other parts of the city? Is there any good schools, colleges, hospitals and malls/market nearby the project? How is the market of real estate in Badlapur East, Mumbai?Thanks once again Praveen, How is the project connectivity to the other parts of the city? Is there any good schools, colleges, hospitals and malls/market nearby the project? How is the market of real estate in Badlapur East, Mumbai?
Q: Is it really true that Mumbai's commercial real estate market has had one of the strongest comebacks in the last few quarters? Can anybody highlights the reason behind it?

My replies to this discussion
At one point, analysts had completely written off the country's financial capital. Mumbai was the worst affected post the Global Financial Crisis, compared to other markets which did begin seeing green shoots of recovery, owing to a rebound in the US the Eurozone regions.At one point, analysts had completely written off the country's financial capital. Mumbai was the worst affected post the Global Financial Crisis, compared to other markets which did begin seeing green shoots of recovery, owing to a rebound in the US the Eurozone regions.
Yes, And the segment has been limited by an improving macro-economic scenario there's been a marginal increase in India's GDP. The introduction of REITs, after several years of same existing status, is being seen as a big part of the answer to Indian real estate's liquidity concerns. Yes, And the segment has been limited by an improving macro-economic scenario there's been a marginal increase in India's GDP. The introduction of REITs, after several years of same existing status, is being seen as a big part of the answer to Indian real estate's liquidity concerns.
Mumbai is fast being recognized across the world as an IT and ITES hub. High literacy levels, easy availability of intellectual talent at 50-60% lower cost as compared to other international cities, better productivity and a time zone difference of 8-10 hours that makes it possible for offshore corporates to respond quickly since processing is done through Mumbai during the night, are some factors that have made Mumbai the most favored destination to China, Singapore, Philippines, Ireland and UK. Mumbai is fast being recognized across the world as an IT and ITES hub. High literacy levels, easy availability of intellectual talent at 50-60% lower cost as compared to other international cities, better productivity and a time zone difference of 8-10 hours that makes it possible for offshore corporates to respond quickly since processing is done through Mumbai during the night, are some factors that have made Mumbai the most favored destination to China, Singapore, Philippines, Ireland and UK.
Q: If we talk about luxury home in Mumbai, the amenities offered are over-board but the quality and range available have actually attracted buyers from around the world to invest here.

My replies to this discussion
Yes Sunil, From private jets to infinity-pools and private elevators, Mumbai’s luxury market has developed from time to time. However, the same is not true for Navi Mumbai or Thane market where the term "luxury" is being controlled.Yes Sunil, From private jets to infinity-pools and private elevators, Mumbai’s luxury market has developed from time to time. However, the same is not true for Navi Mumbai or Thane market where the term "luxury" is being controlled.
The price range of these luxury projects is wide in Thane, Mumbai. This has made it possible for even a middle class buyer to connect "luxury" with his home. Talking about the Navi Mumbai market, the "luxury" concept here has moved in the outer regions where land bank is available in plenty.The price range of these luxury projects is wide in Thane, Mumbai. This has made it possible for even a middle class buyer to connect "luxury" with his home. Talking about the Navi Mumbai market, the "luxury" concept here has moved in the outer regions where land bank is available in plenty.
Q: 2BHK in multistory building in Parel or nearby Area. Preferably new project with bank loan

My replies to this discussion
Parel is known as a cosmopolitan area with all facilities like schools, colleges, hospitals, malls, markets, railway station, play grounds etc. It is within a radius of 1 to 2 km. There was a former mill, which has now been converted to a shopping mall, which is popularly known as High Street Phoenix. Colleges in the area include Mumbai veterinary College and the Bai Sakarbai Dinsha Petit Animal Hospital. The 5-star hotel of the ITC Welcomgroup chain ITC Hotel The Grand Central, Mumbai. Colleges in the area include Mumbai veterinary College and the Bai Sakarbai Dinsha Petit Animal Hospital. Due to this, Parel has seen huge property price appreciation over the last 10 years.Parel is known as a cosmopolitan area with all facilities like schools, colleges, hospitals, malls, markets, railway station, play grounds etc. It is within a radius of 1 to 2 km. There was a former mill, which has now been converted to a shopping mall, which is popularly known as High Street Phoenix. Colleges in the area include Mumbai veterinary College and the Bai Sakarbai Dinsha Petit Animal Hospital. The 5-star hotel of the ITC Welcomgroup chain ITC Hotel The Grand Central, Mumbai. Colleges in the area include Mumbai veterinary College and the Bai Sakarbai Dinsha Petit Animal Hospital. Due to this, Parel has seen huge property price appreciation over the last 10 years.
If you are interested to buy new flats in Parel, Mumbai. List you requirement here for instant feedback 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. If you are interested to buy new flats in Parel, Mumbai. List you requirement here for instant feedback 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.
Q: Major property markets of the country including Mumbai, New Delhi and Bangalore are expected to witness more hunger for real estate investment with significant rise in rankings of these cities.

My replies to this discussion
With the formation of stable government at the centre outlook for Indian property markets has improved among both domestic and overseas investors. Rankings, as realize by over 300 respondents globally, of Mumbai, New Delhi and Bangalore have also jumped to 11th, 14th and 17th positions, respectively, in the list of top 25 investment destinations covered in the report titled Emerging Trends in Real Estate Asia Pacific 2015. With the formation of stable government at the centre outlook for Indian property markets has improved among both domestic and overseas investors. Rankings, as realize by over 300 respondents globally, of Mumbai, New Delhi and Bangalore have also jumped to 11th, 14th and 17th positions, respectively, in the list of top 25 investment destinations covered in the report titled Emerging Trends in Real Estate Asia Pacific 2015.
The positive sentiment can be measured from the fact that global real estate funds centered on India are desiring to raise $ 6 billion in new capital, on top of $ 1.6 billion raised in the first 7 months of 2014. Most of this new capital being raised is targeted at residential projects. The positive sentiment can be measured from the fact that global real estate funds centered on India are desiring to raise $ 6 billion in new capital, on top of $ 1.6 billion raised in the first 7 months of 2014. Most of this new capital being raised is targeted at residential projects.
Prices of commercial properties in Mumbai have remained stable, while rentals were showing signs of increasing as local businesses showed interest in rolling out growth plans. Since occupancy that stands at 80% now, were expected to rise, price and rents were likely to increase too, especially for well-located premises. Prices of commercial properties in Mumbai have remained stable, while rentals were showing signs of increasing as local businesses showed interest in rolling out growth plans. Since occupancy that stands at 80% now, were expected to rise, price and rents were likely to increase too, especially for well-located premises.
The the report highlighted Tokyo, Jakarta, Osaka, Sydney and Melbourne as the top 5 investment destinations for 2015. The the report highlighted Tokyo, Jakarta, Osaka, Sydney and Melbourne as the top 5 investment destinations for 2015.
My replies to this discussion
Hi, Tulsa Namdev Residency by Bathija located at Ulwe, Navi Mumbai offers the perfect balance of luxury and economy. It's a 1/2 BHK residential project with luxury amenities. 1BHK from 680-690 sq-ft. and 2BHK from 1120 sq-ft. The current price is Rs. 5700/sq-ft. and it will cost you Rs. 38.76 lacs to 39.33 lacs for 1BHK and Rs. 63.84 lacs for 2 BHK. It consists 112 units in 2 blocks. Hi, Tulsa Namdev Residency by Bathija located at Ulwe, Navi Mumbai offers the perfect balance of luxury and economy. It's a 1/2 BHK residential project with luxury amenities. 1BHK from 680-690 sq-ft. and 2BHK from 1120 sq-ft. The current price is Rs. 5700/sq-ft. and it will cost you Rs. 38.76 lacs to 39.33 lacs for 1BHK and Rs. 63.84 lacs for 2 BHK. It consists 112 units in 2 blocks.
Ulwe has become one of the most prominent nodes in Navi Mumbai developed by CIDCO. It also has a number of scenic attractions which add on to its beauty. Its easy connectivity to the nearby places via road and railways is the prime reason why people opt this place for property investment. This area is situated along the South Western water front of the CBD of Navi Mumbai and extends down towards the JNPT port in the South. Proximity to the upcoming Navi Mumbai Metro Rail, Mumbai Trans Harbour Link and Navi Mumbai Special Zone, Ulwe is likely to be recognized as a prominent location for investors, working professionals and property buyers. Ulwe has become one of the most prominent nodes in Navi Mumbai developed by CIDCO. It also has a number of scenic attractions which add on to its beauty. Its easy connectivity to the nearby places via road and railways is the prime reason why people opt this place for property investment. This area is situated along the South Western water front of the CBD of Navi Mumbai and extends down towards the JNPT port in the South. Proximity to the upcoming Navi Mumbai Metro Rail, Mumbai Trans Harbour Link and Navi Mumbai Special Zone, Ulwe is likely to be recognized as a prominent location for investors, working professionals and property buyers.
To get more information of this project click the link Tulsa Namdev Residency, Ulwe, Navi Mumbai Or To get best matching properties as per your requirement 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. To get more information of this project click the link Tulsa Namdev Residency, Ulwe, Navi Mumbai Or To get best matching properties as per your requirement 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.
Q: i am looking fro investing in an 1 bhk or 1.5 bhk. looking for a pre-launch or under construction. budget is within 17-20lacs. I can also think of a 2 bhk provided it fits my down payment and other misc charges Looking for a project within 6-8 kms from the P.vel railway station.

My replies to this discussion
Hi, Here are the list of project available for sale in Panvel, Navi Mumbai. These are Greenearth Residency by Space India, Waters Edge, Green Meadows and My Home Hill View by Qualcon, Vaastusiddhi Landmark Riverside and Vaastusiddhi Alps by Vastusiddhi Group Builders & Developers, Prayag Complex by Prayag Builders & Developers, Nirman Homes by Nirman Group etc. You can go for anyone of these projects as it is very near to Panvel and within your budget. To get more details of this project click the link Ongoing Residential projects in Panvel, Navi MumbaiHi, Here are the list of project available for sale in Panvel, Navi Mumbai. These are Greenearth Residency by Space India, Waters Edge, Green Meadows and My Home Hill View by Qualcon, Vaastusiddhi Landmark Riverside and Vaastusiddhi Alps by Vastusiddhi Group Builders & Developers, Prayag Complex by Prayag Builders & Developers, Nirman Homes by Nirman Group etc. You can go for anyone of these projects as it is very near to Panvel and within your budget. To get more details of this project click the link Ongoing Residential projects in Panvel, Navi Mumbai
Q: Is this property still available? Can you give little more details.
My replies to this discussion
You can directly contact the builders of this project, if there is any builder flats available for sale or you may contact the broker of that area. They will give you the exact details price and all. To get more details of this project cllick the link Living Essence, Kandivali, East Mumbai You can directly contact the builders of this project, if there is any builder flats available for sale or you may contact the broker of that area. They will give you the exact details price and all. To get more details of this project cllick the link Living Essence, Kandivali, East Mumbai
Q: Mumbai-based real estate developer Omkar Realtors and Developers Pvt. Ltd. is in talks to raise Rs.400 crore from KKR India Asset Finance Pvt. Ltd.

My replies to this discussion
And this deals will also provide construction finance to real estate companies for commercial projects, which typically is a challenge for the industry.And this deals will also provide construction finance to real estate companies for commercial projects, which typically is a challenge for the industry.
The GIC-KKR venture be a sign of confidence in the Indian real estate prospect. The move will redue liquidity crisis that real estate companies find themselves in and improve companies' access to finance.The GIC-KKR venture be a sign of confidence in the Indian real estate prospect. The move will redue liquidity crisis that real estate companies find themselves in and improve companies' access to finance.
Yes Vinay, And as per KKR, with this new platform, they will be able to accelerate their approach to investments in Germany across the risk spectrum. Germany's real estate sector has grown in recent years and investors are betting on a further rise in property prices in Europe's largest economy, which have lagged many other euro zone countries for years.Yes Vinay, And as per KKR, with this new platform, they will be able to accelerate their approach to investments in Germany across the risk spectrum. Germany's real estate sector has grown in recent years and investors are betting on a further rise in property prices in Europe's largest economy, which have lagged many other euro zone countries for years.
Q: it has been delayed for almost 2 years now

My replies to this discussion
Hi Asish, Which project are you talking about? Can you mention project name and its locality? If possible give the details of your property.Hi Asish, Which project are you talking about? Can you mention project name and its locality? If possible give the details of your property.
Q: Hi, which are the area in Mumbai with rental below Rs. 30000?
My replies to this discussion
Hello Khushi, 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. Andheri sees demand for rental properties due to many factors. One reason is that the area has several business and financial establishments. Another reason is that the suburb is close to BKC. People who are unable to stay in Bandra look for rental properties in Andheri, as properties here are cheaper. 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.Hello Khushi, 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. Andheri sees demand for rental properties due to many factors. One reason is that the area has several business and financial establishments. Another reason is that the suburb is close to BKC. People who are unable to stay in Bandra look for rental properties in Andheri, as properties here are cheaper. 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.
Q: Why BKC became new residential hotspot in MUmbai?
My replies to this discussion
Hi all, How is the property market of Bandra Kurla Complex? Is there any new residential development happening in the locality? Kindly suggest.Hi all, How is the property market of Bandra Kurla Complex? Is there any new residential development happening in the locality? Kindly suggest.
Q: Hey, what is the total cost of Fortuna, Patlipada, Thane? Can you also mention the payment schedule?
My replies to this discussion
Hi, Are you planning to buy properties in Patlipada, Thane West. Here is the best project called "The Walk Fortuna" by Hiranandani Developers. To get more information of this project click the link The Walk Fortuna, Patlipada, Thane West Or, To get best deal 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. Hi, Are you planning to buy properties in Patlipada, Thane West. Here is the best project called "The Walk Fortuna" by Hiranandani Developers. To get more information of this project click the link The Walk Fortuna, Patlipada, Thane West Or, To get best deal 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.
Q: What are the sizes available in 1/2/3BHK and it's approximate price?
My replies to this discussion
Hi, To get more information of this project click the link One Spirit, Mulund West 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. Hi, To get more information of this project click the link One Spirit, Mulund West 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.
Q: Any idea about the possession of Lily A4 block??

My replies to this discussion
Hi Dev, Rs.50/sq-ft will be the floor rise charges. Yes, they have applied for the OC and waiting for it. They will get it within 1-2 months. As far as approval is concerned, TMC has approved this project and all the required approvals are in place except OC. Almost all the leading banks and financial institutions have approved this project for home loan. Booking amount will be Rs. 5 lacs and rest of the amount at the time of registration.Hi Dev, Rs.50/sq-ft will be the floor rise charges. Yes, they have applied for the OC and waiting for it. They will get it within 1-2 months. As far as approval is concerned, TMC has approved this project and all the required approvals are in place except OC. Almost all the leading banks and financial institutions have approved this project for home loan. Booking amount will be Rs. 5 lacs and rest of the amount at the time of registration.
Q: Residents of flats on private forest land continue to face an uncertain future.

My comments to replies
Yes, the circular was issued after the Konkan divisional commissioner asked a status report on the issue. This circular directs tehsildars to inverse the deletion of the term "private forest" from the record of rights unless they were petitioners in the special leave petition before the Supreme Court.
This petition was moved by around 19 petitioners, the SC had approved the rights of people who own houses on "private forest land" and asked the state to do the needful.
24th September 2015

It seems to be a very serious matter and concerned officials must immediately reverse the changes. The circular further mentions that the chief conservator of forests ministry had issued a circular pointing out that the record of rights was being changed even in cases where it did not apply.
@Shaunak, But few days back when chief conservator of forests asked the opinion of the law and judiciary department on whether it can be applied to all prosecutors/intervenors in the original petition. A couple of months ago they had asked the opinion of the department on whether the order can be applied across the state. The department in turn has asked the opinion of the attorney-general.
24th September 2015

Q: Government provides tax relief to foreign PE investors from MAT net.

My comments to replies
The amendments to the tax law to this effect would be brought in very soon. As the govt. has decided to give relief to foreign companies with no "place of doing business" in India from the 18.5% minimum alternate tax demands issued to them.
Right Praveen.... The relief will be available to companies regardless of whether they are from a country with a tax agreement with India or not. The move could benefit companies such as the US based Timken facing MAT demands and the Mauritius based Castleton Investments, which is fighting a tax notice in the Supreme Court.
29th September 2015

Q: This decision of the RBI to reduce repo rate will significantly provide policy support to the real economy and help in the recovery process.
My replies to this discussion
We are welcoming the move of RBI's decision to reduce repo rate to 6.75 from 7.25%. Central bank's decision will significantly provide policy support to the real economy and help in the recovery process. They are looking forward to the circulation of these cuts which will effectively help to boost confidence and investment.We are welcoming the move of RBI's decision to reduce repo rate to 6.75 from 7.25%. Central bank's decision will significantly provide policy support to the real economy and help in the recovery process. They are looking forward to the circulation of these cuts which will effectively help to boost confidence and investment.
I think government is fully committed in meeting the fiscal deficit targets in order to combine the gains achieved by the implied inflation. RBI Governor Raghuram Rajan had also affirmed that the central bank aims to get the inflation rate down to 5% by the end of fiscal 2016-17.I think government is fully committed in meeting the fiscal deficit targets in order to combine the gains achieved by the implied inflation. RBI Governor Raghuram Rajan had also affirmed that the central bank aims to get the inflation rate down to 5% by the end of fiscal 2016-17.
Q: There are multiple costs one needs to pay while buying home. Apart from other costs, some builders also take an additional charge called the preferential location charge. Can anybody explain it?
My replies to this discussion
Hi Shailja, One can calculate the PLC amount by multiplying the super built-up area of the apartment with the rate specified in the developers rate card. PLC usually varies from Rs 40-150/sq-ft.Hi Shailja, One can calculate the PLC amount by multiplying the super built-up area of the apartment with the rate specified in the developers rate card. PLC usually varies from Rs 40-150/sq-ft.
Q: should be ready to move in 2015. Approved projects of HDFC or SBI

My replies to this discussion
Hi Soumitra, What is your budget? Will you go for the home loan?Hi Soumitra, What is your budget? Will you go for the home loan?
Q: The NDA Government is treading carefully on the real estate bill, after it was forced to withdraw the land acquisition amendment bill.

My replies to this discussion
Yes, PM Narendra Modi has formed an informal group of ministers to examine the legislation and suggest changes that would be make it home buyer-friendly while protecting interests of the real estate industry. The government is intent on to push the bill in the next winter session of Parliament. Yes, PM Narendra Modi has formed an informal group of ministers to examine the legislation and suggest changes that would be make it home buyer-friendly while protecting interests of the real estate industry. The government is intent on to push the bill in the next winter session of Parliament.
The informal group, comprising urban development minister M Venkaiah Naidu, finances minister Arun Jaitley, law minister DV Sadananda Gowda, is examining the Real Estate (Development and Regulation) Bill and the report of Rajya Sabha select committee. Why didn't the UPA govt. think in favor of the poor home buyers? Why are they raising the issue now when NDA Govt. is serious with this issue. The informal group, comprising urban development minister M Venkaiah Naidu, finances minister Arun Jaitley, law minister DV Sadananda Gowda, is examining the Real Estate (Development and Regulation) Bill and the report of Rajya Sabha select committee. Why didn't the UPA govt. think in favor of the poor home buyers? Why are they raising the issue now when NDA Govt. is serious with this issue.
Q: I want to know when is the project going to launch and what are the configuration available in it?

My comments to replies
Hi Devika, Jaycee Executive by Jaycee Homes is a newly launched residential project. It is located at LBS Road, near R City Mall, Ghatkopar West, Mumbai. This project is in pre-launch phase. It offers 1/2 BHK flats. There will be 3 wings A/B/C. Wing ''A'' will have both 1 and 2 BHK, 1BHK will be in 800/820/825 sq-ft. (carpet area-485/497/500 sq-ft.) and 2BHK will have area of 1115 sq-ft. (carpet area-675 sq-ft.). Wing "B" will have only 2BHK from 1280-1290 sq-ft.(carpet area-775-780 sq-ft.). Wing "C" will have both 1 and 2BHK, 1BHK will be from 770-837 sq-ft.(carpet area-467-507 sq-ft.) and 2BHK will be from 1010-1135 sq-ft.(carpet area-611-688 sq-ft.)
Right Sunil, Even i heard a lot about this project. This project will have state-of-the-art gymnasium, swimming pool, club house, garden, children play area, puzzle parking and business conference room. Jaycee The Executive has a good connectivity to the rest of the Mumbai. While the R City Mall is just 2-mins from the project site. Mumbai Metro and Ghatkopar Station are at mere 5 mins drive.
7th October 2015

Q: Hi, i have booked a 3bhk flats in this project. Can anybody updates on it?

My replies to this discussion
Hi, I have discussed with their sale guy and found that they are waiting for the Commencement Certificate. Booking have closed booking now. Once they will start the construction, will start booking for further flats. Hi, I have discussed with their sale guy and found that they are waiting for the Commencement Certificate. Booking have closed booking now. Once they will start the construction, will start booking for further flats.
My comments to replies
But i didn't get the reply on project connectivity. As locality and connectivity play a major role in property buying. How far is the bus stand, railway station and airport from the project site?
Well Padma, It has walking distance from Santacruz Railway station and B.E.S.T Depot. Hardly, 2-3 mins drive from Western Express Highway and S.V.Road West. Hospitals, Mall/Markets, Schools/colleges and Atms are within 0.5 kms radius.
10th October 2015

Q: Is there any 2BHK available in Bhagirathi Garden by Thanekar Group in Badlapur West, Mumbai?
My replies to this discussion
Hi all, I am planning to book a flat in this project. What will be the booking amount? And which all banks have approved this project?Hi all, I am planning to book a flat in this project. What will be the booking amount? And which all banks have approved this project?
Q: TBG is going to launch two new residential project " Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai.

My comments to replies
Yes, they are going to launch two new residential project called ''Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai. I have some information on Balaji Paradise. It is located just 4 kms from Panvel Railway Station and offers 1/1.5/2/3BHK residential apartments. There will be 10 buildings under G+4 storeys apartment.
Hi Sandeep, Are IOD and Commencement Certificate in place? Have they started the construction work?
13th October 2015

Q: CREDAI strongly desire the State government to bring improvements in urban local bodies administration and ask for single window clearance for real estate projects.

My comments to replies
CREDAI Mangaluru president D.B. Mehta told the State Govt. that the realty sector has been affected strongly due to bureaucratic delays in functioning of the urban local bodies. A developer has to get at least 20 NOCs from different agencies to start a project. The process of getting NOCs from the agencies could take 1-3 yrs., by which time a developer would have lost valuable time and other resources.
You are absolutely right Pradyuman. And we always blame the developers for project delays. But the realty is totally different. Developers are also asked for the huge bribe unless they don't get approval from the concern department. Recently, a builder has to suicide in thane due to this system and he expressed everything in a note before die. A builder has to pay Rs.800/sq-ft. for getting NOCs from the several department. And burden through to the poor buyers.
14th October 2015

Q: Buying a property in a city like Mumbai is quite uninteresting and complex process.

My replies to this discussion
Right Mani, And i can give you many reason why property buying in Mumbai is considered as challenging, some of the most significant ones are increasing property values, lack of trustworthy information, job insecurity, lack of time to indulge in research and lack of relevant guidance. Right Mani, And i can give you many reason why property buying in Mumbai is considered as challenging, some of the most significant ones are increasing property values, lack of trustworthy information, job insecurity, lack of time to indulge in research and lack of relevant guidance.
My comments to replies
Yes, the above mentioned are the most common challenges faced by the residents of Mumbai. Fortunately, the govt. of Maharashtra is now planning to set up a real estate regulatory authority which will help reduce the number of illegal constructions in Mumbai. Several property portals too are making their way that can help people find the right property of their choice.
I also feel that life in Mumbai is quite fast paced and many people find it difficult to find time to research and determine on a suitable property for purchase. In fact, approximately 25% of Mumbaikars say that they do not have time to research and buy a property in Mumbai.
16th October 2015
I totally agree with you Vickky. Although, there are some reputable developers who do so upfront, but such developers are very rare to find in Mumbai. In this way, lack of information is the 2nd crucial challenge faced by potential property buyers in Mumbai.
16th October 2015

Q: The real estate arm of Motilal Oswal Group plans to expand the fund in residential projects of established developers in MMR, NCR, Bengaluru, Pune, Chennai and Hyderabad.
Gurmeet

My replies to this discussion
Now, the company is planning to double its total assets with its 3rd fund under management to about Rs. 2000 crore and they are committed to grow this business further. One thing which i notice that real estate investing has become company's one of the key business under the private equity business.Now, the company is planning to double its total assets with its 3rd fund under management to about Rs. 2000 crore and they are committed to grow this business further. One thing which i notice that real estate investing has become company's one of the key business under the private equity business.
Q: I have booked a flat with Raunak city kalyan. My agreement says the possession date of June 2015 and am waiting for possession. There is hardly any movement on the project from the time i booked it and when i have visited now, I am having a bad experience with them
My replies to this discussion
Hi, Which phase are you talking about? have you visited the project site? What is the reason of delay? Can you share some current information of this project? Lot's of buyers are waiting for their flat possession. Hi, Which phase are you talking about? have you visited the project site? What is the reason of delay? Can you share some current information of this project? Lot's of buyers are waiting for their flat possession.
Q: The civic body will now allow builders to obtain no-objection certificates through private consultants instead of civic officials.

My replies to this discussion
It is a good initiative and will bring in transparency in real estate market of Mumbai. At present, it could take over a year to obtain building permissions. Now, the administration wants it to be done within a fixed period. Earlier, a builder would get different NOCs at different stages. Now it has been decided not to hold back one NOC for others. All the permissions will be issued in 90 days.It is a good initiative and will bring in transparency in real estate market of Mumbai. At present, it could take over a year to obtain building permissions. Now, the administration wants it to be done within a fixed period. Earlier, a builder would get different NOCs at different stages. Now it has been decided not to hold back one NOC for others. All the permissions will be issued in 90 days.
Hi everybody, I appreciate the initiatives but at the same time i would like to say that there are many more issues with the approval process such as numbers of approvals and number of officers a builder has to go to for procuring permissions, BMC's software which is full of junk and civic officials are trying to force them to use it etc. This needs to simplified.Hi everybody, I appreciate the initiatives but at the same time i would like to say that there are many more issues with the approval process such as numbers of approvals and number of officers a builder has to go to for procuring permissions, BMC's software which is full of junk and civic officials are trying to force them to use it etc. This needs to simplified.
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