Sunil Joshi, Mumbai
Q: I want to know the project details of Amit Arcade, Badlapur East, Mumbai.
Latest Answer: HI, Amit Housing Complex is a ready-to-move project since Feb-2015. It offers 1/2BHK flats from 675-1020 sq-ft. and it's current price will be Rs.3000/sq-ft. This project is spread over 0.42 acres of land consists 63 units. And flat cost will be Rs.20.3 lakh to Rs.30.6 lakh onward. Stamp Duty and Service Tax will be extra.

Q: Country's leading real estate developer Sunteck Realty Ltd said KKR and Co. Lp will invest around Rs.150 crore to fund its upcoming luxury residential projects in Mumbai’s Bandra Kurla Complex (BKC).

Latest Answer: Do you know that high-yielding debt solutions in a self-liquidating residential product is a competitive sector where a number of funds are competing to lend to tier-1 developers. Funds that will be successful in the medium to long term will be the ones who can come out with innovative solutions.

Q: SEBI has found that the company had mobilised Rs 99.06 lakh by issuing RPS to 294 investors between 2011-2013.

Latest Answer: Hi friends, Since the shares were issued by the firm to more than 50 people, it qualified as a public issue that requires compulsory listing on recognised stock exchanges. The company and its directors were also required to file a prospectus, among other things, which they failed to do.

Q: Mumbai's second Metro may be ready as early as 2019 as the Mumbai Metropolitan Region Development Authority (MMRDA) has invited tenders for the 16.5km-long corridor.

Latest Answer: This 16.5 km-long corridor that will connect Andheri to Dahisar via the Western Express Highway. The Andheri (E)-Dahisar (E) corridor, labelled as Metro VII, is expected to decongest the Western Express Highway significantly. Both, Phase-I of Metro-II and Metro-VII are north-south corridors, unlike Metro-I, which criss-crossed over railway tracks and the Western Express Highway.

Q: When is the expected date of possession for Tirupathi Balaji Pushp Kalash?

Latest Answer: Hello Rajeev, i have booked in Feb13 till date no updates on construction. nighter i am getting refund. i have tried to join on https://pushpkalash.wordpress.com but its showing as refund innitiated. If you have any groups please add me 9699973656. my maid id is raj.khatu@gmail.com Please help to get this refund.

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

Latest Answer: 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?

Q: What is FSI or FAR? How is it calculated?

Latest Answer: Right Nikita..... What is Non-FAR area? Which all area comes under it? Are these area exempted under FAR computation?

Q: This move will result in rise in property prices In Maharashtra again.
Latest Answer: Why should the common man bear the burden of this illogical decision? For developers, this decision could not have come at a worse time. There is no sale at all. They are facing a huge liquidity crunch and rise in taxes means rise in property prices. Ultimately, the common people will have to cancel their buying decisions.

Q: Do you know that recently, the Maharashtra Rent Control Bill 1999 passed with amendments by both the Legislative Assembly and Legislative Council. It is targated to bring together the 3 different Rent Control Laws in operation in the State of Maharashtra.

Latest Answer: Hi everybody, According to the proposed policy, all commercial establishments occupying more than 500 sq-ft and also those living as tenants in residential homes bigger than 862 sq-ft will not be protected under the Rent Control Act.

Q: Hi, can anybody tell me how is the project locality?

Latest Answer: Hi all, I am looking for a site visit. can anybody guide me how to reach the project site from Eastern Expressway Highway?

Q: Hi, residents of Mumbai will soon be able to check the project approvals and plans online and will be able to make an organised decision before buying a house in the city.
Latest Answer: Hi, How will it helps the citizen? When are they going to launch this software?

Q: Hi, Looks like 7 mega infrastructural projects are going to roll in 2014 in Mumbai?
Latest Answer: Dear Shrikant, The ongoing infrastructural projects will have a tremendous impact on the real estate sector. The prices of the properties lying on the Ghatkopar, Chembur, Andheri, Mankhurd and Versova stretch is going to double. The rate what is costing now will only multiply in coming times.

Q: Hi, Can anybody say if the project has been launched and when will be its possession date?
Latest Answer: hi,can i have the address of this project since i am living in ghatkopar (w) as i wanted to visite the project site to see it myself the progress of the project replay ASAP.

Q: Since I am planning to buy a flat in this project would like to know if there are any good medical centers and hospitals in and around the project?
Latest Answer: Dear All, The project KUL Couture is not advisable as there are Court Cases pending wrt the property. Also title is disputed.Kindly check all the documents related to the property and ask the Sales Representative about the legal status of the Land.Not at all advisabe to invest at this stage. Regards, Rajesh Shah

Q: I heard that Reliance group has put on sale some 100 flats in Navi Mumbai. What is the name of the project and the price range?

Latest Answer: Hey Lalit, Any idea what is the rate per sqft they are quoting for the apartments?

Q: I heard that Andheri east is coming up high end project?? What is news about.. kindly brief me .

Latest Answer: Which are the location that is preferable for office spaces???

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

Latest Answer: This time around MHADA is not planning to use its usual policy of selling its houses at a discount. This time the houses will be sold at prices comparable to market rates.

Q: I am planning to buy a ready-to-move-in apartments in Ulwe. Is this the right time to buy an apartment?

Latest Answer: Yes it is right time to buy property in ulwe, because the real estate rates of this area are increases very fast after completion of Navi Mumbai International Airport.

Q: Can anyone tell me how is the residential real estate in Mira Bhayandar? Is there any development happening in this belt?
Latest Answer: Is Metro coming up in this area? What about drainage system?

Q: What percent of plots in Mumbai meant for affordable housing are being used??
Latest Answer: 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.

Q: Hi, I own a plot and want to construct a house. it has been 15 years of me working and I want to withdraw money from my Employees provident fund ( EPF). How can I do this?
Latest Answer: Banks like SBI, Axis Bank, HDFC Ltd, ICICI Bank, etc, can be applied for a construction loan. As a thumb rule, if you are below 40 years, you should be eligible for around four times your net annual income as a loan of 20 years tenure. If the loan amount is below 30 lakh, the rate of interest will be in the range of 10% to 10.25% per annum.

Q: Guys, we all know about the news that illegal building collapsed in Mumbra. There are so many such buildings with poor construction quality in Mumbai, Delhi and other cities. The govt should do something to control such disasters. What do u say? Please share your views.
Latest Answer: Actually the police did not seem to co-operate during demolition of illegal constructions it seems. So, the policy mooted a special task force at the disposal of the municipal commissioner and special court.

Q: Hi, where is this project exactly lovated and what is the recent price per sq ft for this project?
Latest Answer: HI, What is current rate in powai for pre launch? I am also investor for 1 BHK in Bhagtani Serenity in Powai. But This investment is questionable. If builder will not get IOD, then what will happen? IS he will be in position to refund all the money.

Q: Hi, i m looking to buy a property in Madhapur, please suggest me if it is a good locality and what are the future prospects?

Latest Answer: Hello Sunil...the residential market of Hyderabad is most affordable among all metro cities in India. I booked a flat recent in Sky lounge. You can find many apartments to your budget. Click flats for sale in Madhapur to see more details.

Q: Hi i m looking to invest in land, kindly suggest me good and economical real estate investment options in Mumbai.

Latest Answer: Buying plots?? Go for places which are present in the outskirts of the city like Karjat, Kalyan, Neral. Because there are more plots available and demand also increases proportionally leading to more price appreciation.. Hence good returns!

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.

Latest Answer: Hey Bikram, not to disappoint you but I think Asttoria project will take a long time to start as the builder has many projects in his pocket but will take lot of time to deliver.. The strategy to me seems to be to only market and sell large number of projects at good prices and invest the proceeds elsewhere but not to start construction.

Q: What is BMC's initiative for paying property tax in Mumbai?

Latest Answer: The BMC Municipal Commissioner has stated that the scheme will be implemented this year after presenting the budget for 2013-14. The draft report of the scheme is prepared and will be examined for implementability in the budget year.

Q: What is investors' game plan in Mumbai real estate sector?

Latest Answer: The choice to put resources into land is a gigantic one for any investor and it is a venture which additionally costs the investor a lot of cash. In contrast to most different speculations, land has undeniably less liquidity. Consequently, prior to making a buy, you need to attempt do your set of research and checks with the goal that no exorbitant slip-ups are submitted. Karpetarea, is here to help you with the best investment ideas and plans which can enable you spending on the best property. We and our experienced team is always there to help our customers at the best by not only guiding them with the best property in the city but also enable them to take bank loan or third part loans. We are the best Real Estate Portal Our main goal is to keep our customers happy and offer them with the best service.

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