Q:
Hi, Buying a property is a very difficult task these days and so is the builder. I have selected a project called Fortune Butterfly City, Srisailam Highway, Hyderabad. I want some details about the project and its builder?
Latest Answer: I am an IT professional and i am transferring to Hyderabad. Can someone please update about the Locality trends around Fortune Butterfly City?
Q:
Is an NRI tenant required to deduct TDS on rent paid for a residential property rented in India?
Latest Answer: The rules of Tax deduction at source (TDS) for rental property in India changed under the budget 2017 proposals. Effective June 1, 2017, tenants are required to deduct TDS and submit the money to the tax authorities if rental amount is Rs.50000 or more per month. Landlord must provide their PAN details to their tenant. Failure to provide PAN to tenant can result in TDS withholding 20% instead of 5%
Q:
Hey, a friend told me that a new road tax campaign has been launched by the vehicle owners to protest against the checking of non state vehicles and harassment by road transport authorities? Is it true?
Latest Answer: Hey, i would like to give my personal opinion on this matter. From what i understand, this issue is about charging road tax twice from vehicle owners who enter a new state. I think this is very unfair.
Q:
So I heard that Telangana govt. approved some big infrastructure project for road development recently. Give me more details about it, please?
Latest Answer: The SRDP has a Rs. 30,000-crore outlay and will involve development of roads and creation of skyways in a phased manner.GHMC will now resume issue of approvals to building permission applications, after having kept them on hold over the last month.
Q:
I got a really nice job opportunity in Kondapur, and decided to look for a place to purchase. I came across Sathya Sai Builders Flats.Is it any good?
Latest Answer: The project is located in Kondapur, which is a a pretty decent locality. Some of the schools in the area are Arbor International School, and Sanskriti Education Society. Also the area has some decent hospitals like Civil Hospital and Prime Hospital.
Q:
NCC Ltd, which recently ended a Rs. 600 crore rights issue and shorten its debt, expects to post strong performances in the 3rd and 4th quarters, helping it to grow revenues 10-15 % this financial year.
Latest Answer: They are awaiting Union Power Ministry indication to take back share in the power project. Once approval is received, they would be able to take back the stake and make about Rs. 470-500 cr. from the divestment. This amount would be utilized for equity in new projects.
Q:
Hi I am planning to buy a flat in this project. Can you tell me the price range and about the locality ?
Q:
Is it better to take a home loan from Public Sector Banks or even Private Banks are good? Please let me know the advantages of both. I am looking at a home loan on 50 lac.
Latest Answer: Over the last 2 years there has not been much of a difference between a public sector and a private sector when it come to a Housing Loan. One of the main complaints against private banks has been that it is more expensive but currently the Rate of Interest at both Public and Private banks are the same. ( Except for SBI which is 0.10% cheaper)
When it comes to ease and speed of processing Private banks are much better and also they have a much better customer support unit which may be lacking in most public sectors banks as of now.
The RBI has also made it clear that the banks cannot charge any foreclosure or pre-closure charges which has ensured that there are no hidden charges which can be passed on to the customer.
I would definitely suggest a HDFC or a ICICI bank to address your home loan requirement today than a Public sector bank taking into consideration that the rates being the same I am getting a much better service and facilities.
Q:
Due to Telangana, it seems that positive sentiments have spread in Hyderabad’s real estate market in terms of buying and selling. Kindly discuss on this news.
Latest Answer: Hey guys here the multi-storey apartment is available within the unit size of 1150-1700 sq ft. where 2BHK apartment size is about 1150-1300 sq ft, a 3BHK unit is available within 1500-1700 sq ft. Also Developers such as MSM Venkata Sai Builders Pvt Ltd, Janapriya Engineers Syndicate, NSK Constructions have their presence here.
Q:
I am planning to buy villas. Can you tell me what is the price range of the villas ? How is the localities ?
Latest Answer: It is close to the IT Hub, big investment and housing zone of the coming future. This located in R-1 Zone. Then approaches also good one 500 feet outer ring road and 100 feet radial roads.
Q:
HI Can anyone tell me Is the project approved ?? How is the location of the project ?
Latest Answer: What is the current price per sqft ? Is the project approved ? How is the location of the project ?
Q:
Hyderabad has gained the status of being one of the most affordable cities in India for investing in real estate. Which are lucrative options in Hyderabad ?
Latest Answer: Can buyers negotiate with developers ? Is there any negotiations happening ?
Q:
HI I am planning to buy a villa. Can you please share some details about this project ? Also share the price details as well.
Latest Answer: For Projects Details Please find the below link...
Sankalp ARV VIVA
Q:
The real estate sector in Hyderabad has also been sluggish since the last two years. Can anyone share this news ?
Latest Answer: Infrastructure projects in Hyderabad witnessing a delay in the city include sky walks, elevated roads, road widening and development of interior roads/service lanes across various localities. The problem is more severe in parts of North and East Hyderabad.
Q:
Boduppal in Hyderabad offers properties under Rs 20 lakh. KIndly share the news.
Latest Answer: @Vivek : Also Boduppal is sought by IT and software professionals. Many IT professionals working in HITEC City, Gachibowli and Pocharam, there are several city based businessmen too who seek properties here.
Q:
TheHyderabad Metropolitan Development Authority(HMDA) has decided to allot plots on lottery basis in a couple of weeks. Kindly discuss on this news.
Latest Answer: Many property owners were willing to buy additional land which is due to the developed plot’s proximity to metro rail depot at Nagole. The HMDA wants to sort some issues during finalization of allotment.
Q:
Hey guys I think the next stop for rented home will be Somajiguda. Anyone has details about this news, If so kindly share with me.
Latest Answer: I think the upcoming metro station at Ameerpet which is situated at 4 km distance will be functional by 2016..It will also boost the connectivity.
Q:
Which all units are available currently ? Can you share some details with me.
Q:
What would be the impact on Hyderabad real estate?
Latest Answer: Guys ...note ..Hyderabad will be the joint capital of the two states for 10 years. There will be special category status to the residuary state of Andhra Pradesh for five years. Heard that the central government's proposals for the residuary state will include a six-point development package for Andhra Pradesh such as tax incentives and other concessions.
