Q:
Hi Folks,
I am planning to book a 3 bhk in Confident Aquila this week. Over all this area is quite remote and just 2 km from Sarjapur village and is also under BMRDA. As per my understanding, properties under BMRDA do not appreciate as much as the ones under BBMP. Over all I needed some inputs on whether this can be a good investment from future rental point of view.
Do let me know your inputs, I am unable to find any reviews online.
My replies to this discussion
Hey Shekar, There are 3 bhk apartments available for sale in Confident Aquila. Will you be interested?Hey Shekar, There are 3 bhk apartments available for sale in Confident Aquila. Will you be interested?
Q:
I heard from my friends that the quality of construction is not good and other projects from Sai Purvi Developers are not as per Plan.Lots of complaints from completed project owners.
Q:
Anyone who has recently bought property in Fiesta Homes?
mayur,
Apartment Resident
31st August 2012
Q:
Hi, I m interested in this project. has anyone been to the site? what is the present price per sq feet?
My replies to this discussion
The apartments far from both the entrances in harlur road and lakedew road and HT wires are also a concern. The builder seems to be new and price of the apartment seems to be on higher side with very high charges for club house,generator etc. Also clause saying you have to pay annual club fees and builder can make anyone the member(even outsiders) of that club house which he is building with apartment owners money so not going ahead with his.The apartments far from both the entrances in harlur road and lakedew road and HT wires are also a concern. The builder seems to be new and price of the apartment seems to be on higher side with very high charges for club house,generator etc. Also clause saying you have to pay annual club fees and builder can make anyone the member(even outsiders) of that club house which he is building with apartment owners money so not going ahead with his.
Q:
What is the status of the commercial real estate in Koramangala?
My replies to this discussion
Commercial real estate sector in Koramangala has attracted large number of real estate developers and builders. Residential buildings in this area are replaced by commercial ones.Commercial real estate sector in Koramangala has attracted large number of real estate developers and builders. Residential buildings in this area are replaced by commercial ones.
Q:
Which is the best real estate consulting company in Banglore?
My replies to this discussion
Hi Pushpendra, According to me CommonFloor is the best real estate consulting company because I have used it and have got prospective tenant for my property. Other companies are also good but I feel CommonFloor is user-friendly, good and has lot of new applications like map search etc.Hi Pushpendra, According to me CommonFloor is the best real estate consulting company because I have used it and have got prospective tenant for my property. Other companies are also good but I feel CommonFloor is user-friendly, good and has lot of new applications like map search etc.
Q:
Can someone provide feedback on Purvi Group who are building Purvi Pristine behind ITPL.
My replies to this discussion
Hello Vasu, What is the price per sqft they are quoting now? When is the project getting completed?Hello Vasu, What is the price per sqft they are quoting now? When is the project getting completed?
Q:
What is the pre launch offer Prestige Group is giving for their new project?
Q:
I checked this project today and I really liked. They are not ready for any negotiation. Anyone else interested?
Q:
Is it a good choice for investing in this project with 4 to 5 year horizon? Need expert advice.
My replies to this discussion
I want to book a 30x40 plot in Century Eden. What will be the price of the plot?I want to book a 30x40 plot in Century Eden. What will be the price of the plot?
Q:
Which are the peripheral locations in Bangalore that is emerging into residential hubs?
My replies to this discussion
Market statistics confirm that residential units, that were sold within the range in Rs 15- Rs 20 Lakh in 2009-10, have risen to several notches up because of increased land, labour and construction expenses and have stood up to Rs 40 lakh. Since lower land cost curbs the input cost significantly, the peripheral regions in the city have felt the presence of a number of prominent developers of late. Property consultants further confirm that the high disposable income of the working class strengthens the purchasing power of the buyers to avail a home at 40 lakh easily in such peripheral locations.Market statistics confirm that residential units, that were sold within the range in Rs 15- Rs 20 Lakh in 2009-10, have risen to several notches up because of increased land, labour and construction expenses and have stood up to Rs 40 lakh. Since lower land cost curbs the input cost significantly, the peripheral regions in the city have felt the presence of a number of prominent developers of late. Property consultants further confirm that the high disposable income of the working class strengthens the purchasing power of the buyers to avail a home at 40 lakh easily in such peripheral locations.
Q:
I am confused why Karnataka government to develop 8 towns in Bangalore? Don't you think this will decongest the city.
Q:
Hi, I am planning to buy a 3-BHK in M C Sarovar by M C Builders. Is the project launched?
Q:
I heard somewhere that the Karnataka state government is seeking the aid of Hindustan Aeronautics Limited to permit the real estate developers go vertical. What is the reason?
My replies to this discussion
Is highrise the answer to Bangalore’s housing problem ?Is highrise the answer to Bangalore’s housing problem ?
Q:
What kind of luxury properties are going to see hike in property registration?
My replies to this discussion
Why and what is the reason behind the rise is in registration of high-net worth properties in the city?Why and what is the reason behind the rise is in registration of high-net worth properties in the city?
Hi Sagar, Any idea how many high end properties have been registered in last couple of years?Hi Sagar, Any idea how many high end properties have been registered in last couple of years?
Q:
Should one buy plot in century eden, doddaballapur for purely investment purpose?
My replies to this discussion
I am planning to book a plot in this project. Which are the banks from where I can take home loan for this project and has the project got approvals?I am planning to book a plot in this project. Which are the banks from where I can take home loan for this project and has the project got approvals?
What are the types of villas they are offering and what are the sizes?What are the types of villas they are offering and what are the sizes?
Q:
What are the points need to be considered on TDS on immovable properties?
My replies to this discussion
Who will take the responsibility for making the TDS?Who will take the responsibility for making the TDS?
Q:
I have blocked a flat in bangalore. I am an employee in a newly established engineering service firm. The company is established just before 6 months. Will I be eligible to get home loan? Please let me know soon since I am planning for sale agreement in couple of days.
My replies to this discussion
Hi Kapoor, First you have to check whether you company is registered for home loan or not. If yes then you can easily take home loan otherwise if the company is not registered for then it will be difficult for you to get a home loan.Hi Kapoor, First you have to check whether you company is registered for home loan or not. If yes then you can easily take home loan otherwise if the company is not registered for then it will be difficult for you to get a home loan.
Q:
Will it be a good idea to invest in this project? How trustworthy is the builder?
My replies to this discussion
Thanks a ton Nagesh and Sreya. Any idea how much they are charging per sqft? How much will be a 2 BHK in Pavani Lakeview? Are they ready to negotiate? Please let me know.Thanks a ton Nagesh and Sreya. Any idea how much they are charging per sqft? How much will be a 2 BHK in Pavani Lakeview? Are they ready to negotiate? Please let me know.
Which local body and banks have approved the project? When can I expect the possession of the project?Which local body and banks have approved the project? When can I expect the possession of the project?
Q:
I am interested in this project and want to buy a 2 bhk flat. What is the present price per sqft going on?
Q:
Next month I will be shifting to Bangalore and I am looking for an area which is good to live in and have good schools and other facilities.
My replies to this discussion
I am looking for a 2bhk apartment for rent in HSR Layout. What will be the rent of a 2 bhk apartment?I am looking for a 2bhk apartment for rent in HSR Layout. What will be the rent of a 2 bhk apartment?
Q:
I am planning to buy a property at an affordable rate for investment purpose. Please tell me which will the best place among the three from investment point of view.
My replies to this discussion
If you are looking for a property for investment purpose then I feel Bommasandra will b ethe right choice to go for. Bommasandra is just next to the Hosur NH and close to the Electronic city as well. Even metro is also coming up in Bommasandra. Connectivity from this area is also good as all the buses to Attibele and Hosur pass through Bommasandra and almost every bus stops here. Investing in this area can turn to be fruitfulIf you are looking for a property for investment purpose then I feel Bommasandra will b ethe right choice to go for. Bommasandra is just next to the Hosur NH and close to the Electronic city as well. Even metro is also coming up in Bommasandra. Connectivity from this area is also good as all the buses to Attibele and Hosur pass through Bommasandra and almost every bus stops here. Investing in this area can turn to be fruitful
Q:
What are the dimensions the project is offering? How many plots will be there in this project?
My replies to this discussion
The project offers plots size ranging from 30x40, 30x50, 40x60 and odd sizes. There will be around 500 plots spread over 34 acres of land.The project offers plots size ranging from 30x40, 30x50, 40x60 and odd sizes. There will be around 500 plots spread over 34 acres of land.
Q:
I heard that the government is planning to revise the property records. By when they will revise it?
My replies to this discussion
To quickly wrap-up the task of revising property records, the government has suggested the BBMP to take the help of engineering college studentsTo quickly wrap-up the task of revising property records, the government has suggested the BBMP to take the help of engineering college students
Q:
Whats the current psf price for serenity? Is it a good investment to go with Mantri serenity? What's the appreciation on the cards in span of 2 years or in longer run?
Q:
I am looking for a plot in Bangalore and my budget will be around Rs 10 lacs.
My replies to this discussion
For those who have a limited budget of Rs 5-Rs 10 lakh, the real estate market of Bangalore offers some of the best bets. The realty market of the city offers something for all in its platter, even investors with restricted budget. With property values hitting the roof in the city, availability of plots at such a low price in Bangalore is a reality beyond belief.For those who have a limited budget of Rs 5-Rs 10 lakh, the real estate market of Bangalore offers some of the best bets. The realty market of the city offers something for all in its platter, even investors with restricted budget. With property values hitting the roof in the city, availability of plots at such a low price in Bangalore is a reality beyond belief.
Q:
2013 has not a good year for Indian real estate market. Any idea how 2014 is going to be?
My replies to this discussion
With high property prices and costlier borrowing hitting the Indian realty segment in 2013, developers are of the notion that the slowdown may ‘flipside’ in the new year. Post general elections in 2014, sales of residential and commercial units in the nation are likely to pick up.With high property prices and costlier borrowing hitting the Indian realty segment in 2013, developers are of the notion that the slowdown may ‘flipside’ in the new year. Post general elections in 2014, sales of residential and commercial units in the nation are likely to pick up.
The current generation of buyers are more depended on the Internet to make a calculated approach when it comes to short-listing and buying any stuff and real estate is no exception. However, as per market reports, the dependency on Internet is less among the investors in comparison to the young breed of buyers.The current generation of buyers are more depended on the Internet to make a calculated approach when it comes to short-listing and buying any stuff and real estate is no exception. However, as per market reports, the dependency on Internet is less among the investors in comparison to the young breed of buyers.
Q:
Any feedback about Gokare locality as I am planning to investing in this area. Comments are highly appreciated.
My replies to this discussion
Gokare is situated in Devanahalli tehsil, Bangalore rural district of Karnataka. It is one of 217 villages in devanahalli Block along with villages like Binnamangala and Boodihal.
The area is very close National Highway 207. Gokare area is slowly and gradually developing, the area is around 2 kms from DevanahalliGokare is situated in Devanahalli tehsil, Bangalore rural district of Karnataka. It is one of 217 villages in devanahalli Block along with villages like Binnamangala and Boodihal.
The area is very close National Highway 207. Gokare area is slowly and gradually developing, the area is around 2 kms from Devanahalli
Q:
Anyone heard about the project? I want to know when they are planning to launch the project.
My replies to this discussion
Rich Tribute is a project by Regal Investment Construction. The project offers 2 and 3 bhk apartments.The project is in pre launch status and they are not confirmed about the launching date of the project. .Rich Tribute is a project by Regal Investment Construction. The project offers 2 and 3 bhk apartments.The project is in pre launch status and they are not confirmed about the launching date of the project. .
Q:
I am interested in this project and planning to buy a 2 bhk apartment in the same. What is the rate going on and is it negotiable?
My replies to this discussion
The current rate per sqft is Rs 2400 and a 2 bhk apartment in this project will cost you around Rs 27 lakhs. They are ready to negotiate the price slightly. :) :)The current rate per sqft is Rs 2400 and a 2 bhk apartment in this project will cost you around Rs 27 lakhs. They are ready to negotiate the price slightly. :) :)
Q:
Purvankara is coming up with their new project. Has anyone heard about the project.
Q:
Is anyone aware of this upcoming building.Its in LB Shastri Nagar,Old Airport Road,Building is under construction and is supposed to finish by Dec'2014.
Its a new builder and there is no information available online.
My replies to this discussion
Hi Anshuman, There is hardly any information available anywhere about the project and the builder. So I think they are new in real estate industry.Hi Anshuman, There is hardly any information available anywhere about the project and the builder. So I think they are new in real estate industry.
Q:
I am planning to buy a plot near Nandi hills and I have shortlisted this project. Can anyone provide me some information about the same.
My replies to this discussion
Xanadu is a smartly designed gated community offering 136 residential plots with different dimensions like 1200 sqft, 1500 sqft upto 3450 sq. ft. The project is ready for registrations. Xanadu is located in an idyllic location at the foot of the lush green Nandi Hills, just off Nandi Hills road in North Bangalore.Xanadu is a smartly designed gated community offering 136 residential plots with different dimensions like 1200 sqft, 1500 sqft upto 3450 sq. ft. The project is ready for registrations. Xanadu is located in an idyllic location at the foot of the lush green Nandi Hills, just off Nandi Hills road in North Bangalore.
Q:
Is the project offering only 2 bhk apartments? Can I get bank loan from State bank of India?
My replies to this discussion
When is the project expected to get completed? Is the project approved by BBMP and what amenities the project is offering?When is the project expected to get completed? Is the project approved by BBMP and what amenities the project is offering?
I heard that it is a very small project. How many apartments will be there and what is the rate going on? Are they going to provide A Khata?I heard that it is a very small project. How many apartments will be there and what is the rate going on? Are they going to provide A Khata?
I have not heard about this builder. Any comments on that and how is the connectivity from LB Shastrinagar?I have not heard about this builder. Any comments on that and how is the connectivity from LB Shastrinagar?
Q:
I have read about this project in a newspaper and they were giving some offer. I want to if the offer is still on and what is the status of the project.
Q:
What are the types fo apartment the project is offering and how many apartments will be there in this project?
Q:
What is the status of the project? Is the project launched? What types of configuration they are offering?
My replies to this discussion
Hi All, I want to know if the builder giving any kind of festival offer?Hi All, I want to know if the builder giving any kind of festival offer?
My replies to this discussion
I have inquired about the project, it is on Attibele-Anekal road, which is in close proximity and with easy access to Electronic city, Bannerghatta Road, Jigani Industrial Area and Hosur. The project is approved by BMRDA vide Approval No. APA/LAO/047/2012-13 dated 19/02/2013.
The project offers plots size ranging from 30x40, 30x50, 40x60 and odd sizes. There will be around 500 plots spread over 34 acres of land.I have inquired about the project, it is on Attibele-Anekal road, which is in close proximity and with easy access to Electronic city, Bannerghatta Road, Jigani Industrial Area and Hosur. The project is approved by BMRDA vide Approval No. APA/LAO/047/2012-13 dated 19/02/2013.
The project offers plots size ranging from 30x40, 30x50, 40x60 and odd sizes. There will be around 500 plots spread over 34 acres of land.
My replies to this discussion
Hello Kukku, What is the legal issue with this project? Because I heard that project by Saroj are usually good. One of my relatives' stays in Saroj Aquila and they are happy with it.Hello Kukku, What is the legal issue with this project? Because I heard that project by Saroj are usually good. One of my relatives' stays in Saroj Aquila and they are happy with it.
Q:
I have booked flat in S&G Luxuria. It is beside Surya Nagar Phase -1, How this project is for investment or Living.
My replies to this discussion
Chandrapura in Bangalore South is one of the good residential place. The close proximity to Electronic City make the place a preferable one for the techies who work at Electronics City. Investing in this area can fetch you good returns. :) :)Chandrapura in Bangalore South is one of the good residential place. The close proximity to Electronic City make the place a preferable one for the techies who work at Electronics City. Investing in this area can fetch you good returns. :) :)
Q:
Hi
I am planning to buy a property and have couple of queries regarding that-
1. Is the property worth?
2. How is the locality and what are its chances of development in future?
3. How much is the registration, service tax and vat % and how is it calculated?
4. Builder is promising OC, but we get OC once construction is complete,how to check if he is telling truth or not?
If any one has bought any flat in this project, please let me know, want to discuss more.
Kindly help me if you know any of the answers.
Thanks
Neetu
My replies to this discussion
When you buy a flat you buy two things from the builder 1. Undivided Land of Share and 2. The flat. Both VAT and Service Tax (Service Tax @ 12% on 25% of BASIC Price ( if Land Cost is included ) otherwise 12.36% on 33% of Basic Sale price ) need to be paid on no 2 and not on no 1. Make sure you get a TAX invoice for those if builder is not giving you the TAX invoice then dont give those amount.....rest of the things as KTPCL+BWSSB + AMMENITIES are chnarged at 12.36% ....BUT Parking could not be chnarged for service tax as , as per SC decision Parking slot is not an extra service but the part of construction itselfWhen you buy a flat you buy two things from the builder 1. Undivided Land of Share and 2. The flat. Both VAT and Service Tax (Service Tax @ 12% on 25% of BASIC Price ( if Land Cost is included ) otherwise 12.36% on 33% of Basic Sale price ) need to be paid on no 2 and not on no 1. Make sure you get a TAX invoice for those if builder is not giving you the TAX invoice then dont give those amount.....rest of the things as KTPCL+BWSSB + AMMENITIES are chnarged at 12.36% ....BUT Parking could not be chnarged for service tax as , as per SC decision Parking slot is not an extra service but the part of construction itself
Q:
When is the project going to launch? Has the project got all the approvals from banks and local body?
My replies to this discussion
What is the status of the project and how much is the total land area? Any idea how many units are coming up in this project?What is the status of the project and how much is the total land area? Any idea how many units are coming up in this project?
Q:
What are the sizes of plots available in this project? Which all banks are providing home loan for this project?
My replies to this discussion
Reliaable The Signature @ South offers different sizes of plots like 1500, 1650, 1800 and 2400 sqft. Banks like ICICI, Axis, HDFC and SBI has approved the project.Reliaable The Signature @ South offers different sizes of plots like 1500, 1650, 1800 and 2400 sqft. Banks like ICICI, Axis, HDFC and SBI has approved the project.
My replies to this discussion
The price of a 2 bhk apartment with 850 sqft size will cost you around Rs 42 lakhs depending on the interiors, facing, amenities provided etc.The price of a 2 bhk apartment with 850 sqft size will cost you around Rs 42 lakhs depending on the interiors, facing, amenities provided etc.
Q:
If the flat is fully done up with interiors and is in a higher floor what rate it will fetch?
My replies to this discussion
In the July-Sep 2014, the locality ( BTM Layout) price appreciated to Rs 5295. It depends on what kind of apartment you have 2/3/4 bhk. For example:- If you are having a fully furnished 2 bhk then you can easily quote Rs 1.50 and above.In the July-Sep 2014, the locality ( BTM Layout) price appreciated to Rs 5295. It depends on what kind of apartment you have 2/3/4 bhk. For example:- If you are having a fully furnished 2 bhk then you can easily quote Rs 1.50 and above.
Q:
When is the project expected to get completed and where exactly is the project located?
My replies to this discussion
The project is still under construction and it is expected to get completed by 2016. It is 5min drive from Wipro corporate office, off Sarjapur road, Sarjapur Road, Bangalore, Karnataka.The project is still under construction and it is expected to get completed by 2016. It is 5min drive from Wipro corporate office, off Sarjapur road, Sarjapur Road, Bangalore, Karnataka.
The project offers amenities like Club House(Medical store, Retail store,library,yoga, indoor games,squash court,gym,badminton court, squash court,sauna, jaccuzzi,swimming pool).
2. Mini Golf Putting.
3. Basketball (half court) x 2 nos.
4. Multi Court
5. Volleyball court
6. Cricket Pitch
7. Amphitheatre
8. Community gathering court
9. Skating rink
10. Childrens play area
11. Elders Zone
12. Yoga/Reading Zone
13. Pets Park
14. Activity Zone The project offers amenities like Club House(Medical store, Retail store,library,yoga, indoor games,squash court,gym,badminton court, squash court,sauna, jaccuzzi,swimming pool).
2. Mini Golf Putting.
3. Basketball (half court) x 2 nos.
4. Multi Court
5. Volleyball court
6. Cricket Pitch
7. Amphitheatre
8. Community gathering court
9. Skating rink
10. Childrens play area
11. Elders Zone
12. Yoga/Reading Zone
13. Pets Park
14. Activity Zone
Q:
hi I am planning to buy a flat in ittina soupernika , what should be the price of 2 BHK and will it be fast resaleable ?
My replies to this discussion
I think the project was completed long back. Is it worth buying a old property in this rate?I think the project was completed long back. Is it worth buying a old property in this rate?
Q:
I am planing to buy property in Begur road, want to know how is the water condition, problem in SNN ,Mahavir area in begur main road area.Also, about the power cut in the same area.
My replies to this discussion
Hello Sumit, There are water problem and residents of Begur Road are totally depended on bore well water. Cauvery water connection is yet to come in that area.Hello Sumit, There are water problem and residents of Begur Road are totally depended on bore well water. Cauvery water connection is yet to come in that area.
My replies to this discussion
Hi Anatha, From where did you get the news that Surya City Phase IV will start because I did not get any updated news over the internet.Hi Anatha, From where did you get the news that Surya City Phase IV will start because I did not get any updated news over the internet.
Q:
About the documents and construction quality and price.
My replies to this discussion
Hello Vijay, Kumari Elite is an ongoing project and the project is expected to get completed by January 2016. The project has got all the necessary approvals like BBMP and banks like SBI, LIC, HDFC, ICICI, L&T Finance.
They are also going to provide A Khata and Occupancy Certificate :) :)Hello Vijay, Kumari Elite is an ongoing project and the project is expected to get completed by January 2016. The project has got all the necessary approvals like BBMP and banks like SBI, LIC, HDFC, ICICI, L&T Finance.
They are also going to provide A Khata and Occupancy Certificate :) :)
Q:
Hi,
I would like to know these builder apartment of Axis capstone aspira and upcoming expiera is legal and quality construction,Please advice on the same if able to buy this apartment,Now the Road expansion also they say left space for the same,please assist
Nixon,
Apartment Resident
4th December 2015
My replies to this discussion
Hello Nixon, Axis Capstone is one of the well known developer in this industry with over 15 years of experience. Their mission is to provide good quality and tries to deliver boutique homes with all essential elements on time. As of now there is no details available about Axis Capstone Experia as it in an upcoming project.Hello Nixon, Axis Capstone is one of the well known developer in this industry with over 15 years of experience. Their mission is to provide good quality and tries to deliver boutique homes with all essential elements on time. As of now there is no details available about Axis Capstone Experia as it in an upcoming project.
Q:
I want to know where exactly is the project located and what is the price going on.
My replies to this discussion
Krishna Greens Eastwind, a gated community strategically located at Devanagundi and is close to Malur Town, spread on an area of 100 acres. The project is located opposite to Indus Golf Course Resort & Villas, The Empyrean Villas. Currently the price going on is Rs 500 per sqft.Krishna Greens Eastwind, a gated community strategically located at Devanagundi and is close to Malur Town, spread on an area of 100 acres. The project is located opposite to Indus Golf Course Resort & Villas, The Empyrean Villas. Currently the price going on is Rs 500 per sqft.
Q:
hi am planning to invest on sobha dream acres give me the best advise for investment in sobha gateway of dreams
My replies to this discussion
The project seems to be good from investment point of view as the project is well connected and it is loaded with all the modern amenities. .The project seems to be good from investment point of view as the project is well connected and it is loaded with all the modern amenities. .
My replies to this discussion
RS Lakeview is ready to occupy project. It will be better if you can visit the project to get a fair knowledge about the project and other legalities.RS Lakeview is ready to occupy project. It will be better if you can visit the project to get a fair knowledge about the project and other legalities.
Q:
Hi Folks,
I have booked this apartment in July and little curious who else has gone for it. My intention is to have a WhatsApp group, so that we can approach together for any concerns or issue.
Thanks,
Sandeep
My replies to this discussion
HI Rohit,
I am looking for a 2 bhk flat in Sowparnika Columns, Whitefield. Can you provide me some information of this project? What is the current status of this project? Thanks....HI Rohit,
I am looking for a 2 bhk flat in Sowparnika Columns, Whitefield. Can you provide me some information of this project? What is the current status of this project? Thanks....
Q:
NEW builder in HSR promising luxury property however work is POOR. They are failing to complete project on TIME.
Poor Quality Railings used in Common Area.
Poor Quality Grills for Window.
Ordinary Doors - Not upto Expectation.
All Bathroom fittings are very BASIC model
Tiles are not from known brands and Tiling work is very BAD.
Finishing work very BAD
My replies to this discussion
Thanks Raj for valuable input. Will there be any issue if I am buying a property for such kind of projects?Thanks Raj for valuable input. Will there be any issue if I am buying a property for such kind of projects?
Thanks Raj for valuable input. Will there be any issue if I am buying a property for such kind of projects?Thanks Raj for valuable input. Will there be any issue if I am buying a property for such kind of projects?
Q:
I booked 3 years back A730 3 bhk unit by paying 1.22L loan praposal sent to iifl that te in between I movedback pune due to health issue later found it is been sold to anither investor yet no clarity on this unit, can expert advise plz
My replies to this discussion
Hello Mahajit,
It is my advice to all apartment seekers, first of all, go the project site of Palm Grooves, Chandapura, Anekal Road and ask for all the legal approvals and take the copies of the approval from the BMRDA etc and check whether the construction is going on and take a set of land papers and take the advice of an advocate and if all these are through then you can go ahead and book a flat at Palm Grooves or whichever, talk to them about the delay in the completion beforehand. If the project is under-construction phase, ask for the RERA Registration number.Hello Mahajit,
It is my advice to all apartment seekers, first of all, go the project site of Palm Grooves, Chandapura, Anekal Road and ask for all the legal approvals and take the copies of the approval from the BMRDA etc and check whether the construction is going on and take a set of land papers and take the advice of an advocate and if all these are through then you can go ahead and book a flat at Palm Grooves or whichever, talk to them about the delay in the completion beforehand. If the project is under-construction phase, ask for the RERA Registration number.
Q:
I have a plot (with the house built) within a gated community on the main road which is open to public and the road is a connecting road between neighbouring layouts. The road is become a very busy road, and noise and has no longer viable for resident purposes because of the noise. I have been trying to rent it out for the last 2+ years but unable to get tenants because of the exact reasons mentioned above. I live outside the city because of work reasons and cannot occupy the property myself.
The association says the property cannot be converted to commercial, with the given situation this cannot be rented out nor can we sell the property. I believe BBMP has given approval for other properties outside the layout (in the same road) for making them commercial.
Please advice what are the rules around BBMP to get the property converted to commercial and what takes precedence over the property BBMP or the association.
Appreciate any suggestions.
My replies to this discussion
Hello Anil,
In case your state allows this, it is necessary to get an approval from the housing society before the conversion of residential property to commercial property. Depending on the nature of the business, it may also be necessary to obtain permission from the local municipal authority for the conversion of a flat into a commercial establishment. Once a property is marked as commercial property, it would be treated as a commercial property for all purposes, which includes paying more as property tax.Hello Anil,
In case your state allows this, it is necessary to get an approval from the housing society before the conversion of residential property to commercial property. Depending on the nature of the business, it may also be necessary to obtain permission from the local municipal authority for the conversion of a flat into a commercial establishment. Once a property is marked as commercial property, it would be treated as a commercial property for all purposes, which includes paying more as property tax.
Q:
What are the benefits of investing in Alembic Urban Forest. On my investigation I found this property interesting. Kindly, suggest.
Q:
Anyone booked or looking for investment in Concorde Luxepolis?
My replies to this discussion
Hi Atul,
I am planning to invest in Concorde Luxepolis by Concorde Group in Basvanagudi, Bangalore. Can anybody provide me the details of this project?Hi Atul,
I am planning to invest in Concorde Luxepolis by Concorde Group in Basvanagudi, Bangalore. Can anybody provide me the details of this project?
What is the current status of this project? Which local body and financial institutions have approved it and what is its RERA registration number?What is the current status of this project? Which local body and financial institutions have approved it and what is its RERA registration number?
