Latest Answer: Any idea why the water is getting logged in this apartment because it is from on of the reputed builder? Did the residents complaint about it to BBMP?
Q:
One of my friend's want to sell his plot. The buyer prepared a sale deed mentioning Rs 1.40 crores towards the cost of the land (guidance value of that area) where in their negotiated price is Rs 95 lakhs. Moreover the buyer has not mentioned the mode of payment in the deed. Is this legal? Isn't it mandatory to mention the mode of payment in the sale deed? If not what about the balance amount. Will there be any implications on their tax liability?
Latest Answer: Though the actual sale price of the property you are buying is Rs 95 lakhs. But If the guidance value is Rs 1.40 crores then you have to pay the stamp duty on Rs 1.40 crores only.
The sale deed should be for the amount that has been receieved by you under the sale deed. It is not complusory but generally the mode of payment is reflected in the sale deed. There will be tax implications on the sale being effected by you. For tax calculation you can take advice from your tax consultant.
Latest Answer: Although multi-storey apartments have created a niche for itself in the property market in Bangalore, buyers at present prefer to invest in revenue plots after the government decided to offer legal status.
Latest Answer: We have few very good Projects Ultra Luxury and Premium projects in and Around Sanjay Nagar, Cunning Ham Road, Brigade Road, Hebbal, Jakkur, Yelahanka and off Bellary Road and and on Bellary Road. Call Back for best offers... Shariff 9483427861 -
Q:
I am looking for a property and this is my first investment. I am a bit confused whether it is the right time to invest in the Bangalore real estate market? Is it a good idea to invest in a market where rupee is depreciating? Will there be more rupee depreciation in the coming future?Which is a better option buying ready-to-move-in apartments or pre launch project?
Latest Answer: Internationally, real estate displays a very different trend in terms of returns and growth. Rental yield is in the 4-7 percent range and annual growth in many parts of the world is approximately 4-5 percent annually.
Latest Answer: Karnataka Housing Board has launched Multistoried Housing Project with the scheme name Green Park Housing Project Kalabulgari. The projects offers 2 BHK and 2.5 BHK apartments and are characterized under Lower Income Group (LIG) and Middle Income Group (MIG) respectively.
Latest Answer: Moreover, the vibrations and micro-dust that train movement would have generated will impacted the heart patients. A Metro station buzzing with activity and train movement will have an adverse impact on pacemakers and patients and, needless to say, this is scientifically proven.
Latest Answer: Currently, there are only 3,000 such units are available while the demand for senior housing in India is approximately 300,000 units. So far, south has been the preferred destination for senior homes. The main reason for this is the good weather, lesser crime rate and availability of huge land parcels.
Latest Answer: They have to generate funds on their own without asking any help from the government and thereafter the ORR toll. They are planning on how to go about it. Property owners who have left their plots vacant have to pay cleaning cess to the civic authority. This follows complaints from those in the vicinity of vacant sites in Muda layouts. Muda will charge tax on owners to remove weeds and debris from their sites. The tax is estimated at Re 1 per sqft. Rs 2 crore revenue is expected from this.
