Manilal Patel, Mumbai
Q: When will the Real Estate Regulation Bill to be passed? Will it provide any relaxation to a common man?

My replies to this discussion
Right Siddharth, As per the present provision, anyone buying more than 4 flats in a project is treated as a promoter. Yet, to find a solution to this trend of a few buying more flats and having monopoly in management of affairs, the committee is recommending that all such buyers will get "one voting right" like that of other buyers. But the UPA's statement was very rude in the Parliament.Right Siddharth, As per the present provision, anyone buying more than 4 flats in a project is treated as a promoter. Yet, to find a solution to this trend of a few buying more flats and having monopoly in management of affairs, the committee is recommending that all such buyers will get "one voting right" like that of other buyers. But the UPA's statement was very rude in the Parliament.
Good evening everybody, What i think is that the proposed Land Acquisition Bill would not impact the real estate sector as well as the developer in the country if handled in the right approach and right manner. Buyers had a difficult time dealing with the builder. Please be aware that builders charge 18-24% interest if there is delay in payment from our side and if there is delay from their side, they charge only 9% interest or no interest. It fully depends the nature of the developers. So, we need an efficient real estate regulator.Good evening everybody, What i think is that the proposed Land Acquisition Bill would not impact the real estate sector as well as the developer in the country if handled in the right approach and right manner. Buyers had a difficult time dealing with the builder. Please be aware that builders charge 18-24% interest if there is delay in payment from our side and if there is delay from their side, they charge only 9% interest or no interest. It fully depends the nature of the developers. So, we need an efficient real estate regulator.
My comments to replies
@Bikram But I don't think it will come into force soon. The Congress members have also demanded that the regulatory law be made applicable to all realty projects without making any exceptions. The panel has recommended inclusion of smaller sized projects under the limit of the regulatory authority but it has limited it to plots larger than 500 sq-mt or with 8 apartments or more.
Good Morning friends...... I am not against any party, But it seems to me that congress want to divert the mind of the NDA because their view in the form of dissent note by Congress has surprised many, as even the original bill that NDA government had brought to the Parliament had the provision that all projects could register with the regulator only if these were developed on plots measuring more than 1000 sq-mtr.
3rd August 2015

Good evening everybody, What i think is that the proposed Land Acquisition Bill would not impact the real estate sector as well as the developer in the country if handled in the right approach and right manner. Buyers had a difficult time dealing with the builder. Please be aware that builders charge 18-24% interest if there is delay in payment from our side and if there is delay from their side, they charge only 9% interest or no interest. It fully depends the nature of the developers. So, we need an efficient real estate regulator.
Very True..... The number of fights have seen between home buyers and realty developers due to delay in project completion and it can come down if the bill is making it mandatory for the builder to maintain 50% of customer advances in an escrow account within 15 days of receiving the money from buyers.
23rd July 2015

Q: Is this Project approved from HDFC Bank Loan.

My replies to this discussion
Hi, To get more information of this project click the link DB Orchid Suburbia, Kandivali 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 DB Orchid Suburbia, Kandivali 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: What is the status of Navi Mumbai metro project? By when it will be complete?
My replies to this discussion
He guys, Here, i brought a good news for you all. MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.He guys, Here, i brought a good news for you all. MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.
Well Arup, As per the current news, Rs12000 crore sanctioned for 40 km long Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor, Rs.12000 crore for 40 km long Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg, Rs.8100 crore for 27 km long Dahisar East-Andheri East-Bandra East Metro-5 corridor and Rs.3300 crore for 11 km long Jogeshwari-Vikhroli Link Road Metro-6 corridor.Well Arup, As per the current news, Rs12000 crore sanctioned for 40 km long Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor, Rs.12000 crore for 40 km long Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg, Rs.8100 crore for 27 km long Dahisar East-Andheri East-Bandra East Metro-5 corridor and Rs.3300 crore for 11 km long Jogeshwari-Vikhroli Link Road Metro-6 corridor.
My comments to replies
Well Arup, As per the current news, Rs12000 crore sanctioned for 40 km long Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor, Rs.12000 crore for 40 km long Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg, Rs.8100 crore for 27 km long Dahisar East-Andheri East-Bandra East Metro-5 corridor and Rs.3300 crore for 11 km long Jogeshwari-Vikhroli Link Road Metro-6 corridor.
Right Arup...... And it is prepared by the Delhi Metro Rail Corporation and has recommended these 2 corridors estimated at Rs. 4737 crore and Rs. 4994 crore respectively for the approval of the state government. The Authority has put forward this matter to the State raising of funds from various financial institutions such as World Bank, Japan International Cooperation Agency and other national and international financial institutions.
28th August 2015

My comments to replies
Groupco Malaga by Groupco Developer is a CIDCO approved project and almost all the leading banks and financial institutions like HDFC Bank | LIC Housing Finance Ltd | State Bank of India | ICICI Bank are offering loan for this project. This project is still under construction and expected to be completed by December'2017.
HI Abhishek, The biggest benefit for Panvel is that the International Airport is proposed in Kopra-Panvel belt. The Airport is expected to become operational by 2017. Due to this, a lot of construction is under progress as the Airport will have a 10-lane road. Experts say that mountain cutting and road development for the Airport projects has already begun.
27th February 2015
As far as project connectivity is concerned, Panvel enjoys good connectivity through The Mumbai Pune Expressway, Sion-Panvel Expressway and NH 17. The Panvel railway junction is an important railway junction. The locality also has two main bus stands providing connectivity to Thane, Kalyan, Dadar, Uran etc.
27th February 2015

Q: I would like to know the net cost for this purchase including all applicable expenses like registration, Stamp duty, Brokerage, Cidco transfer fees, Society charge etc.
My replies to this discussion
Hi everybody, I am planning to buy a flat in Airoli, building is around 10-12 years old. They got their society registered last month (march 2015) , but there is no cidco transfer available. Can CIDCO transfer be done after few months?Hi everybody, I am planning to buy a flat in Airoli, building is around 10-12 years old. They got their society registered last month (march 2015) , but there is no cidco transfer available. Can CIDCO transfer be done after few months?
My replies to this discussion
Hi Rakshit and Abhishek, It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.Hi Rakshit and Abhishek, It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
My comments to replies
Hi Rakshit and Abhishek, It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
Really a big amount people have to pay as interest. Now, they will get relief from this burden. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes. It is essential to understand that "Housing for all by 2022" is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone.
24th June 2015

My comments to replies
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
But i think that it would be better if the Govt's focus on smaller number of cities first and then developing them as model for others going forward. Under the mission, it will be operated as a centrally sponsored scheme and the center will give financial support to the limit of Rs 48000 crore over 5 yrs, which is on an average Rs 1000 crore per city per year. And an equal amount, on a matching basis, will have to be contributed by the state and urban local bodies.
15th September 2015

Q: Hi, which area in Navi Mumbai is the best for investment as well as for end use? How much appreciation i can get in 3-5 years? As i am planning for property investment in Navi Mumbai.

My comments to replies
HI, Which is the best option for investment in Navi Mumbai, Roadpali, Karanjade or ulwe? My budget is 45 lakh.
Hi Ramesh, Ulwe in Navi Mumbai is developing at a very fast rate. Within a time period of 4 years property prices have become more than double. For example, projects launched at Rs 2000-2500/sq-ft are now available at Rs 5225 to 5750/sq ft. Karnjade is also an upcoming location. Properties values are in the range of Rs 4450 to 4750/sq-ft. It is strategically located between the proposed Panvel airport and the Khandeshwar railway line, with both lying at a distance of 2.5 km on either side of Karanjade. Thus property values are expected to rise in the future. In Roadpali the capital values are slightly higher at Rs 5550 to 7100/sq-ft.
12th March 2015

Q: Do not buy this Property – This is a big scam The agreement will be with a bankrupt company called National standard India Ltd who has lease with MIDC for 40 years. Technically you will never be the owner of your own property. There will be a corpus fund included in maintenance so it can be paid to MIDC for renewal of lease (if they agree). If you would like to sell your property after 10 years why will someone buy it? By the time they would finish their loan nearly 50 – 75 % of the property value again will be due to paid to MIDC for renewal Builder has some other plans as they are giving the clubhouse membership only for 30 years. Nowhere in the agreement you will find Lodha’s name. What if NSIL goes bankrupt sold or gets in to a legal soup. This property is mortgaged with HDFC bank (Complete Residential and Commercial)…. Funny you are paying for a mortgaged property I had booked a 3 BHK and when i found out about these hidden things builder is not refunding the token amount. They were so sweet while selling this flat and now they don't even respond to emails. People, who have already booked, please go and see the agreement. The lease has started in 1960 with MIDC by this company NSIL

My replies to this discussion
Hi, Documentation is the first check point. You may argue that the builders advertise heavily and the construction happens in the open, so if its illegal, it will catch the eyes of the authorities concerned. When you buy a property, you will have to sign a set of documents. Builders are supposed to show you all the agreement documents. In fact, you are supposed to sign an agreement that you have inspected the property that you are buying and are satisfied with it. If you don't trust the builder, you can get the document from a municipal corporation or sub-registrar.Hi, Documentation is the first check point. You may argue that the builders advertise heavily and the construction happens in the open, so if its illegal, it will catch the eyes of the authorities concerned. When you buy a property, you will have to sign a set of documents. Builders are supposed to show you all the agreement documents. In fact, you are supposed to sign an agreement that you have inspected the property that you are buying and are satisfied with it. If you don't trust the builder, you can get the document from a municipal corporation or sub-registrar.
I appreciate your view point but you can not ignore them as well. Buying a house can be tedious or pleasurable according to how you go about it. Here are a few tips to make it a pleasurable activity. To make sure you find the right property at the right price in the right location, there is no getting away from the fact that you need lot's of information at your finger tips and a lot of options to choose from as well.I appreciate your view point but you can not ignore them as well. Buying a house can be tedious or pleasurable according to how you go about it. Here are a few tips to make it a pleasurable activity. To make sure you find the right property at the right price in the right location, there is no getting away from the fact that you need lot's of information at your finger tips and a lot of options to choose from as well.
Q: Why Kalyan-Dombivli will drive Mumbai's realty market?
My comments to replies
@Shalini Parikh, The primary factor driving the real estate growth in the Kalyan-Dombivli is the sky-rocketing prices in Mumbai suburbs, coupled with the growing demand for affordable housing. Mumbai continues to attract migrants who come to the financial capital with hopes of employment opportunities. This has increased the demand for affordable housing.
Hi Shalini, Who are the major buyers of this locality? What are the current property values in Kalyan and Dombivli East? Which is it's nearby Railway Station?
10th March 2015

Q: The affordable housing sector was expecting that the Modi govt, like last time, would extend some support to it and solve the difficulties. But hopeless result.
My replies to this discussion
Hi Everybody, Here is a good news for all who were waiting for the affordable home. Have you heard this news that the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.Hi Everybody, Here is a good news for all who were waiting for the affordable home. Have you heard this news that the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
My comments to replies
Hi Everybody, Here is a good news for all who were waiting for the affordable home. Have you heard this news that the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Hmm, This news was came while the Maharashtra CM was speaking at a conference on "Vision Maharashtra - Housing For All by 2022" organized by National Real Estate Development Council. As per the Maharashtra CM, they have taken this issue very seriously and are fully commited to apply it. Govt. will make the laws versatile and he am ready to face criticism.
23rd April 2015

Q: Hi, What are the pros and cons of new proposed FSI in the development plan?

My replies to this discussion
Hi Devesh & Sneha, You both are doing a great job making discussion on the current topics. Announcement of the recommended DP, project approvals in the city had come to a halt. With its discarding, they expect project approvals and launches to pick up in the coming weeks. Nevertheless, demand continues to be weak and only well-priced, quality projects from reputed developers are expected to see movement.Hi Devesh & Sneha, You both are doing a great job making discussion on the current topics. Announcement of the recommended DP, project approvals in the city had come to a halt. With its discarding, they expect project approvals and launches to pick up in the coming weeks. Nevertheless, demand continues to be weak and only well-priced, quality projects from reputed developers are expected to see movement.
Right Puneet, Only thing is that, we all need to be patient. Deals are not being started or are being placed back as value of these depend on the probable development that will be governed by the recommended regulations. According to guidelines from the state government, the civic body will be using the strict of the 2 development plans. Existing one and the suggested DP 2034 for approving any projects in the city.Right Puneet, Only thing is that, we all need to be patient. Deals are not being started or are being placed back as value of these depend on the probable development that will be governed by the recommended regulations. According to guidelines from the state government, the civic body will be using the strict of the 2 development plans. Existing one and the suggested DP 2034 for approving any projects in the city.
My comments to replies
Right Puneet, Only thing is that, we all need to be patient. Deals are not being started or are being placed back as value of these depend on the probable development that will be governed by the recommended regulations. According to guidelines from the state government, the civic body will be using the strict of the 2 development plans. Existing one and the suggested DP 2034 for approving any projects in the city.
As per CEO of Richa Realtors that had started talks for 5 redevelopment projects in Mumbai till the Development Plan 2034 was introduced, but had to keep the discussions on hold due to lack of clearness on the development prospective, and consequently, valuation.
27th April 2015

Q: Hi, How are the rentals and sales in Andheri East?

My replies to this discussion
Hi all, I have gone through the above conversation and found that everybody has mentioned only the good things about the Andheri East but when you started living in the locality, you will find that there are so many issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Am i right or wrong? So i would request the people of the locality that they should come forward and highlights some issues of the locality so that buyer will get alert before buying properties,Hi all, I have gone through the above conversation and found that everybody has mentioned only the good things about the Andheri East but when you started living in the locality, you will find that there are so many issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Am i right or wrong? So i would request the people of the locality that they should come forward and highlights some issues of the locality so that buyer will get alert before buying properties,
Q: Hi, how are rentals in Powai?
My replies to this discussion
Thanks Khushi, Which are the factors that attract several immigrants to the areas? What are the different infrastructure and amenities in the area? Is the area good for the working people? How?Thanks Khushi, Which are the factors that attract several immigrants to the areas? What are the different infrastructure and amenities in the area? Is the area good for the working people? How?
Q: Do you know that Piramal Fund Management has invested R125 Cr in a slum redevelopment project, BKC One, carried out in Bandra-Kurla Complex by Kolkata-based Forum Group and Mumbai's Omkar Realtors and Developers Pvt. Ltd.

My comments to replies
Hi Rajesh and Aveek, Are they raising fund to meet the project expenses and land acquisition costs?
Hi Deepankar, Yes, the funding will be used for meeting the project expenses and land acquisition costs for the project Serendipity Ph-1. This fund would also used for financing the next phase and for getting the development rights of adjoining slum.
30th March 2015
Yes, Omkar is responsible for land acquisition, rehabilitation and getting in requisite approvals. The land previously housed over 250 slums. While Forum Group is handling the construction and marketing of the project,
30th March 2015

Q: Hi, which are the top five rentals market of MMR?
My comments to replies
Hi, There are a good number of apartments available for rentals in MMR. Mira Road, Kharghar, Dombivli East, Goregaon East and Ghodbunder Road are among them. The following areas are the top five areas in terms of availability of housing units in the 1/2/3BHK configurations during the third quarter of 2014.
Hi Kishore, When it came to availability of lower housing configuration, for example, 1 and 2BHK units, Mira Road and Kharghar witnessed the most number of flats. It is just beyond Dahisar, a western suburb of Mumbai. It also witnesses a good number of rental accommodation because of reasonable rentals cpmpared with the western areas of Mumbai and its closeness to the famous business areas of Mumbai.
4th April 2015

Q: Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.
My comments to replies
Hi guys, We are very close to achieve this amended bill which has several penalties clause for the builders. As per the current news, the Parliamentary Select Committee for the Real Estate (Regulation and Development) Bill 2013 is likely to push for more strict clauses that may lead to imprisonment of builders if they do not fulfill their obligations to home-buyers.
If it is true then it will certainly help a lot to the home buyers because financial penalties alone won't work since private developers will simply factor in the cost of these penalties in their projects and pass it on to home-buyers.
7th July 2015

Q: Hey, i have booked a flat in Vijaylaxmi Bliss, Andheri East. What is the current status of this project? When is the project possession date?
My comments to replies
Hi Mirani, Vijaylaxmi Bliss construction updates:- currently project is in full pace and two slabs are ready. It is expected that the possession date will be December'2016.
Hi Sandeep, What about project approval and which all banks have approved this project for home loan? What will be the carpet area of 2BHK? Are they offering car parking?
20th April 2015

@Manilal, Vijaylaxmi Bliss by Vijaylaxmi, Andheri East, is a BMC approved project and almost all the banks and financial institutions such as HDFC, Axis, SBI and ICICI have approved this project for loan. Carpet area of 2BHK will be 621-632 sq-ft. Yes, they are offering car parking but don't know how much.
Thanks Sandeep, Is the sample flats ready? How much they are charging as a booking amount? What is the current residential property rate is going on in the locality?
20th April 2015

Q: Hi, is there any specific launch date given by the builder for JP North? Is there any special discounts on booking homes?
My replies to this discussion
Hey Everybody, What about project connectivity and approachability to the other parts of the city? Did developer mention any basic amenities of this project? Hey Everybody, What about project connectivity and approachability to the other parts of the city? Did developer mention any basic amenities of this project?
Q: Hi, i heard that the project has been completed up-to 6th floor? When are they giving possession for the rest of the flats?
My replies to this discussion
Hi Praveen, Goldstar Group has offered it's new residential project GoldStar Decent Homes located at Mira Road near GKC Club, Halkesh Nagar, Mumbai. It offers 1/2BHK luxurious apartments with all modern amenities. Yes, construction work till 6th floor has been finished and they are handing over the project in January 2016.Hi Praveen, Goldstar Group has offered it's new residential project GoldStar Decent Homes located at Mira Road near GKC Club, Halkesh Nagar, Mumbai. It offers 1/2BHK luxurious apartments with all modern amenities. Yes, construction work till 6th floor has been finished and they are handing over the project in January 2016.
My comments to replies
Hi Praveen, Goldstar Group has offered it's new residential project GoldStar Decent Homes located at Mira Road near GKC Club, Halkesh Nagar, Mumbai. It offers 1/2BHK luxurious apartments with all modern amenities. Yes, construction work till 6th floor has been finished and they are handing over the project in January 2016.
Hi Ketal, It really sound great that you are planning to buy flats in Mira Road. Really a decent locality with all the basic facilities in Mumbai. It offers 1/2 BHK Deluxe and Combo Deluxe apartments. 1BHK in 650 sq-ft and 2BHK in 850 sq-ft. 2BHK has Deluxe (Normal Kitchen) and Combo Deluxe with separate Kitchen. It is a G+11 storeys apartment consists 62 units. They have 2-Towers, Tower-1 is 11th storeys whereas Tower-2 is a 7th storeys. Booking has been closed for Tower-2. They have sufficient space for parking so there is no parking charges and floor rise charges.
30th April 2015

Thanks for the information Mani, I also heard that they have got the OC up-to 6th floor. Which all banks have approved this project for housing loan? What about the statutory approvals?
Well Ketal, Yes, they got the OC up-to 6th floor and almost all the leading banks and financial institutions such as IIFL, HDFC, ICICI etc. have approved this project for loan. LOcality of MIra Road comes under MIra Bhyandar Municiapl Corporation and all the statutory approvals are in place.
30th April 2015

Q: Hi Guys, when is the construction work going to start in Runwal Eirene?
My comments to replies
Hi Arushisha, You haven't mentioned about the project approval? As it is very necessary for the first time buyers to check all the necessary approvals before buying property anywhere in the country? Which all banks have approved this project?
Thanks for the valuable input, Yes, it is very necessary for the buyers whether they are first time buyers or invested in many projects. They must check all the required approvals first. It will give you the idea whether you will get your property on time or not. As far as Eirene by Runwal Group is concerned, it is Thane Municipal Corporation approved project and all the required approvals are in place. SBI, HDFC, Axis, PNB and ICICI are the leading loan provider.
8th May 2015

Q: Attention citizen !!!!! Maharashtra Government has made it compulsory for citizens to get a no objection certificate from a special committee to construct anything within 500 meter radius of a prison.

My replies to this discussion
Hey Vinu, I don't know why an idea for safety of prisoners came in to state government's mind? Is there any specific reason that? I am very curious to know the fact.Hey Vinu, I don't know why an idea for safety of prisoners came in to state government's mind? Is there any specific reason that? I am very curious to know the fact.
My comments to replies
Hey Vinu, I don't know why an idea for safety of prisoners came in to state government's mind? Is there any specific reason that? I am very curious to know the fact.
I think till now, no objectives have been laid down for the committee to decide cases, which has raised a fear that members may act as per their wish and choices. But, it is came to hear that a special committee will determine whether the building creates any danger to prisoners. It will accordingly advise the planning authority.
13th May 2015
Yes, the UDD has instructed all planning authorities to thoroughly think about the guidance of the committee before sanctioning the building plan. On the other hand, if the planning body does not agree with the committee it can approach the home department with a detailed explanation. The home department will discuss the proposal with UDD and then inform all concerned about the government's decision.
13th May 2015

Q: may i know why is this project is stopped suddenly is there any legal issues?

My replies to this discussion
Hello Priti, I heard that they stopped all of their projects in Kandivali due to CC. Did you talk to the builder? What is their response?Hello Priti, I heard that they stopped all of their projects in Kandivali due to CC. Did you talk to the builder? What is their response?
Q: Good news for Mumbai!!!! In a year's time, the business district of Bandra-Kurla Complex will probably become India's first mini Smart City
My replies to this discussion
Hey guys, I heard that yesterday, Cidco MD, Sanjay Bhatia gave a presentation about several projects undertaken by Navi Mumbai for its smart city plan to pass on across the country at a meeting organized by Niti Aayog in New Delhi.Hey guys, I heard that yesterday, Cidco MD, Sanjay Bhatia gave a presentation about several projects undertaken by Navi Mumbai for its smart city plan to pass on across the country at a meeting organized by Niti Aayog in New Delhi.
My comments to replies
Hi folks, It is came to know that Maharashtra government is thinking over its own "Smart City" project with an aim to provide development opportunities to cities that have not been selected by the Centre under its ambitious programme. As per the State Urban Development Department, the project is at a beginning stage for now and nothing has been finalized on paper as yet. However, the Chief Minister has in-principle and given his approval to go ahead.
Yes Vineet, Mumbai, Thane, Kalyan-Dombivli, Nagpur and Aurangabad are among 10 cities selected from the state for the Centre's "Smart City" project. State had chosen 33 cities for the Smart City project. However, according to limitation of 10 cities, state had to drop other cities. The preparation of these cities was admirable and hence, the state government has decided to introduce its own "smart city" project so that they can change the face of these cities.
19th August 2015

Q: There are multiple costs one needs to pay while buying his dream home. Besides other costs, some builders also take an additional charge called the preferential location charge (PLC). Can anybody explain this term?
My comments to replies
PLC is a premium cost which a home buyer pays while preferring to book a unit with a better location situated in the same apartment complex. An apartment facing a sea, swimming pool, lake or a park, or Vastu compliant home will be charged a PLC at per sq-ft. rate.
Thanks Gauri, Are you a real estate agent or a home buyer? I think you can give me the exact idea of its calculation. Is it the same charges which we paid for the high rise?
18th August 2015

Hello Mani, One can calculate the PLC amount by multiplying the super built-up area of the apartment with the rate specified in the developer's rate card. PLC usually varies from Rs 40-150/sq-ft. Yes, each floor may also have a PLC which is popularly known as the floor rise premium. It usually goes up once you cross the 3rd floor. Higher floors have a higher floor rise charge. This may usually vary from 3-4.5% of the total apartment cost. One also needs to understand that floor premium in NCR is higher for lower floor apartments due to excessive heat. On the contrary, in cities like Mumbai and Bangalore, the floor rise premium is more as one goes higher up.
Thanks Rajesh....... Which are the factors that determining PLC? Which are the projects that have higher PLC and which have lowe?
18th August 2015

Q: Due to a slowdown in the residential market people are moving towards affordable housing.

My replies to this discussion
Yes, people are getting a 2BHK flats in the same rent as they have paid earlier for 1BHK. Now, for a 2BHK in 900 sq-ft. will rent you around Rs. 15000-17000/month in Bengaluru. Earlier you have to paid same for a 1BHK in that locality. In Mumbai Metropolitan Region rent in Andheri East went up from Rs 39 to Rs 42/sq-ft while rentals at Goregaon East inched up from Rs 40 to Rs 41/sq-ft.Yes, people are getting a 2BHK flats in the same rent as they have paid earlier for 1BHK. Now, for a 2BHK in 900 sq-ft. will rent you around Rs. 15000-17000/month in Bengaluru. Earlier you have to paid same for a 1BHK in that locality. In Mumbai Metropolitan Region rent in Andheri East went up from Rs 39 to Rs 42/sq-ft while rentals at Goregaon East inched up from Rs 40 to Rs 41/sq-ft.
My comments to replies
Right Pranab, AS per commonfloor data, in Delhi-NCR, East of Kailash rent rose to Rs 27/sq-ft from Rs 25, while in Gurgaon the rentals have remained stable. Similarly in Bangalore, Marathahalli went up slightly to Rs 19/sq-ft from Rs 17/sq-ft over the past one year, while Bannerghatta remain stable as Rs 15/sq-ft.
Hmm..... Earlier, lack of proper physical infrastructure helpless people to rent at places closer to workplace even if the rentals are high. But with improving connectivity in major cities via metro, monorail, flyovers, expressways or likewise, it is no longer a challenge to travel to affordable destinations.
25th August 2015

Q: 5 factors that can bring back the real estate markets across India if developers show appropriate construction progress in order to avoid fear of delays in completion.

My replies to this discussion
On the other hand, RBI's data on the growth in home loans as well as the growth in credit to the construction sector give out healthy credit drift. Home loans have grown at a 17% y-o-y average over the last 2 yrs whereas bank credit given to the construction sector grew at 22% y-o-y one of the highest levels of all sectors.On the other hand, RBI's data on the growth in home loans as well as the growth in credit to the construction sector give out healthy credit drift. Home loans have grown at a 17% y-o-y average over the last 2 yrs whereas bank credit given to the construction sector grew at 22% y-o-y one of the highest levels of all sectors.
Q: Apart from record Rs 82000 crore presumed earlier as public funds for construction and maintenance of highways in the current financial year, the road ministry has asked for an additional Rs 8800 crore as budgetary support.

My comments to replies
Right Supratim!!! I think the additional funds request was just indicative of the requirements of the ministry, which would certainly be higher when the final estimate is prepared later this month. The ministry's move is as per PM Narendra Modi's advice that funds should be desire sufficiently in advance so that projects don't suffer due to their scarcity as in the past.
No doubt, construction has gathered momentum in recent months. I have read that about 2000 km of highways have been built in April-August 2015, compared with about 1700 km in the whole of last financial Year. With an exceptional 11500 km of highway projects awarded since the start of last financial year, the construction is confined to speed up further in the coming months.
14th September 2015
Right Varun, It is also seen that with improvement of investor interest in the sector, banks are also being raised to step up advances to developers of highway projects. According to the road ministry, over 4100 Km of national and state highways projects have already been awarded till the end of August this year out of the targeted 10000 Km for the current financial year. The pace of construction now is 13.3 Km per day.
14th September 2015

Q: After getting problems in Tirupati Balaji Builders, they have started their new builder group in the name of Aditya Balaji City, New Panvel. These all are fraud people. They don't have any approved properties. Lot of people are struggling to get back their money after 5 years. None of the property has got the approval of NA from collector.
My replies to this discussion
I would also like to suggest you that do not do any booking only on the basis of the brochure, some presentation or looking at a sample flat. Make sure you visit the actual project site and see the location, how well connected the area in city, how are the roads, what is nearby the place and other important factors. A lot of people book properties in real estate expo and exhibition, which I don't think is a good idea at all.I would also like to suggest you that do not do any booking only on the basis of the brochure, some presentation or looking at a sample flat. Make sure you visit the actual project site and see the location, how well connected the area in city, how are the roads, what is nearby the place and other important factors. A lot of people book properties in real estate expo and exhibition, which I don't think is a good idea at all.
Q: It indicates that the buying properties in Mumbai is beyond the reach of most of the city's prospective home buyers.

My replies to this discussion
But at this time people are looking for reduce in the size of apartments and undertake value engineering of construction cost to make sure more home buyers can afford houses in Mumbai. The average unit sizes in Mumbai have been the lowest among Indian cities. But at this time people are looking for reduce in the size of apartments and undertake value engineering of construction cost to make sure more home buyers can afford houses in Mumbai. The average unit sizes in Mumbai have been the lowest among Indian cities.
My comments to replies
But at this time people are looking for reduce in the size of apartments and undertake value engineering of construction cost to make sure more home buyers can afford houses in Mumbai. The average unit sizes in Mumbai have been the lowest among Indian cities.
Hey Joseph, Developers are not only reducing the apartment sizes but also changing their polict to serve to the large section of consumers.
22nd September 2015

Q: i have brought 1 BHK in 2003. Now i want to sell this apartment. i am 4 owner and previous two documents are registered.Tripartirite agreement between1st & 2nd owner with builder is stamp duty paid but not registered. what should i do

My replies to this discussion
Hi, Get all the documents checked from your lawyer and confirm whether who has clear and marketable title on the flat.Hi, Get all the documents checked from your lawyer and confirm whether who has clear and marketable title on the flat.
Q: MHADA has asked the government to restore the FSI for redevelopment of its colonies to 4from the current 3.

My replies to this discussion
Hi, Vice-president of MHADA, Sambhji Zende-Patil, told that he has proposed FSI 4 as proposals for redevelopment of Mhada colonies. But it has dropped badly after the change in policy. The BMC, in its draft Development Control Regulations, to be implemented with the new Development Plan, though on hold, has proposed FSI 5 for Mhada and FSI 8 for some private plots. He want that till the new DCR is implemented, the government allow FSI 4.Hi, Vice-president of MHADA, Sambhji Zende-Patil, told that he has proposed FSI 4 as proposals for redevelopment of Mhada colonies. But it has dropped badly after the change in policy. The BMC, in its draft Development Control Regulations, to be implemented with the new Development Plan, though on hold, has proposed FSI 5 for Mhada and FSI 8 for some private plots. He want that till the new DCR is implemented, the government allow FSI 4.
@And the additional FSI will be used only by Mhada to create affordable housing for low income groups. As we all know that land is very limited in Mumbai and the only way it can be increased is through FSI. At the same time, there is a large demand for affordable housing. But not enough stock is created. His main intention is to serve to this part.@And the additional FSI will be used only by Mhada to create affordable housing for low income groups. As we all know that land is very limited in Mumbai and the only way it can be increased is through FSI. At the same time, there is a large demand for affordable housing. But not enough stock is created. His main intention is to serve to this part.
You are right. Mhada should not sell its land and allow a portion to be used for luxury construction. According to me, it is the only one in a position to bring economic balance in the real estate market.You are right. Mhada should not sell its land and allow a portion to be used for luxury construction. According to me, it is the only one in a position to bring economic balance in the real estate market.
Q: The Rs.12000 crore coastal road project of connecting South Mumbai with the Western Suburbs could get stalled due to legal actions.

My replies to this discussion
As per the environmentalist Girish Raut, who is also trained as a lawyer told that a public interest litigation asking the courts to cancel the project could be soon filed. Another environmental action group is in the process of filing court papers. So, i think that the project will be stalled for some times.As per the environmentalist Girish Raut, who is also trained as a lawyer told that a public interest litigation asking the courts to cancel the project could be soon filed. Another environmental action group is in the process of filing court papers. So, i think that the project will be stalled for some times.
When the Bandra-Worli Sea Link was constructed it leads to massive destruction of coastal habitat. I fear a similar problem will repeat all over the Western coast of Mumbai, whose impact would be calamitous. This could be one of the factors, which lead to July 26, 2005 flood in Mumbai.When the Bandra-Worli Sea Link was constructed it leads to massive destruction of coastal habitat. I fear a similar problem will repeat all over the Western coast of Mumbai, whose impact would be calamitous. This could be one of the factors, which lead to July 26, 2005 flood in Mumbai.
My comments to replies
As per the environmentalist Girish Raut, who is also trained as a lawyer told that a public interest litigation asking the courts to cancel the project could be soon filed. Another environmental action group is in the process of filing court papers. So, i think that the project will be stalled for some times.
Yes, coastal road is meant for the motorist, who are a not a significant percentage of Mumbai's commuters. The city needs a mass transport system and not a road based solution.
28th September 2015

Q: Builders who are sitting on large inventories are hoping festive discounts and freebies will attract home buyers.

My comments to replies
Who cares........ As per a report, the unsold inventory across 8 cities was 7 lakhs apartments which could take 4 yrs to clear. But that is not surprising since builders have been unwilling to drop prices, as a result buying a house has become almost unaffordable. Currently, 69% of the unsold inventory in MMR costs at least Rs 1 crore per unit, with the weighted average approximately at Rs 2 crore.
@Anil, Buyers can get heavy discounts if they bargain with the builder and not settle for the advertised price across the table. Many developers have already rolled out their festive season offerings. DB Realty is offering a straight cut of 18% for its 1200-1500 sq-ft apartments and a free parking slot at its DB Crown project in Prabhadevi, Mumbai. Omkar Realtors' allows the buyer to pay an initial amount of just 5% financial scheme for its Ananta Project at Goregaon. The bank finances 80% of the cost and the remaining 15% needs to be paid only at the time of possession in 2017.
5th October 2015

Q: Which are the top 5 rental markets in Q3 2015 as per availability? And what is the reason behind it?

My comments to replies
Hi, For the 3rd consecutive time in the year 2015, Goregaon East once again lead the first position based on availability. Accessibility to the Western Expressway and Bandra Kurla Complex (BKC) are two major reasons catalyzing rental demand here. Others are Chembur, Andheri East, Powaia and Kharghar.
As i know, 2nd place was secured by Chembur replacing Malad West. This is mainly because through the Eastern Freeway, the western suburbs and prominent office spaces of Bandra-Kurla Complex (BKC) and Lower Parel are easily accessible from here.
6th October 2015

Right Mani, Andheri East maintained its 3rd place. Because of easy connectivity to the domestic and international airport and to commercial hubs like Bandra-Kurla Complex, Lower Parel and the eastern suburbs which have made it a preferred rental destination in MMR.
Yes, and Powai, which secured 4th position, is mainly seeing demand from those working at Kensignton SEZ which houses several IT/ITeS companies and other business establishments. Powai also has the popular IIT Mumbai. And off late, the area is also being considered a hub for several start-ups such as MoFirst, Saukk.com, Instamojo, NAV Capital, to name a few.
6th October 2015
Interestingly, Powai and Andheri East also featured in the list of top 5 localities based on rental yield. Virar was the topper in terms of rental yield. Reason, connectivity via Western Express Highway and Virar Railway Station coupled with robust social infrastructure has helped the area climb the realty growth ladder.
6th October 2015

Q: Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia's Macquarie Group Ltd, is set to deposit in genuine real estate projects in India.

My replies to this discussion
It is really a good news for India's realty market. Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia's Macquarie Group Ltd, which manages over $100 billion of assets across funds globally. MIRA has appointed R.K. Narayan as managing director of its Indian arm, Macquarie Infrastructure and Real Assets (India) Pvt. Ltd. to head real estate investments in India.It is really a good news for India's realty market. Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia's Macquarie Group Ltd, which manages over $100 billion of assets across funds globally. MIRA has appointed R.K. Narayan as managing director of its Indian arm, Macquarie Infrastructure and Real Assets (India) Pvt. Ltd. to head real estate investments in India.
Q: The Bombay Parsi Punchayat won a major pardon when the charity commissioner removed its stay on allotment of flats to deserving community members.
My comments to replies
Now, as per the BPP trustee, priority would be given to those who have no accommodation or like a family residing in a notorious red-light area of the city. They are not in hurry and will first frame a transparent, open housing policy for that.
Right Rajiv, Earlier, the panchayat has been criticized for auctioning its flats to the highest bidder. Rich Parsis managed to corner apartments in baugs, which were built almost a century ago to reside poor community members.
4th December 2015
@Rajiv, And the allotment stopped after BPP trustees filed complaints against each other. It all started in 2013, when four of the seven trustees filed complaints against Punchayet chairman Dinshaw Mehta, alleging corruption.
4th December 2015

Q: A new state government circular that ask to increase stamp duty revenue by changing the method of calculation of depreciation in respect to old buildings has caused a panic in the real estate industry.

My replies to this discussion
Right Aveek, This circular will definitely change the method of calculation of depreciation in respect of old buildings and thus increases the value of constructed properties significantly.Right Aveek, This circular will definitely change the method of calculation of depreciation in respect of old buildings and thus increases the value of constructed properties significantly.
My comments to replies
Right Aveek, This circular will definitely change the method of calculation of depreciation in respect of old buildings and thus increases the value of constructed properties significantly.
At all cost, it will impact the property buyer, who now has to pay extra stamp duty while the seller has to pay capital gains tax on this additional amount.
8th December 2015

Q: what should be a good price to fetch you can view details here.. http://2bhkterraceflat.com/
T.S Contractor

My replies to this discussion
Hi Tabrez, Rate ranges from Rs.13000-19500/sq-ft. depending on project, age of bldg., location and connectivity. I think Rs 1.7-2.25 crore would be the best price for your propertyHi Tabrez, Rate ranges from Rs.13000-19500/sq-ft. depending on project, age of bldg., location and connectivity. I think Rs 1.7-2.25 crore would be the best price for your property
Q: The Bombay high court called13 upper floors of the 56-storey building Palais Royale at Worli as well as a 15-storey public parking tower next to it were completely illegal.
My replies to this discussion
Hi Vasanth, But it will be depend on BMC's decision whether any of the 13 upper floors can be saved or not on the part of incentive floor space index that is permitted. BMC has 4 months to decide on this issue. The High Court rejected the developer's claim that it had deemed permission to construct the parking tower with 900 spaces.Hi Vasanth, But it will be depend on BMC's decision whether any of the 13 upper floors can be saved or not on the part of incentive floor space index that is permitted. BMC has 4 months to decide on this issue. The High Court rejected the developer's claim that it had deemed permission to construct the parking tower with 900 spaces.
My comments to replies
Hi Vasanth, But it will be depend on BMC's decision whether any of the 13 upper floors can be saved or not on the part of incentive floor space index that is permitted. BMC has 4 months to decide on this issue. The High Court rejected the developer's claim that it had deemed permission to construct the parking tower with 900 spaces.
But developer is saying that the 13 upper floors of the residential building, from 44th to 56th, were constructed instead of additional construction rights in the form of incentive FSI for building the public parking lot. The developer's appeal against recalculating the FSI of the building, as it had already invested over Rs 2000 crore in the project and completed construction.
28th January 2016

Hi folks, It is really bad and now poor flat owners have to face the difficulties. At the same time, the parking tower and incentive FSI, the municipal commissioner has been directed to reconsider the issue of a reasonable refuge area that is to be exempted from the calculation of FSI.
Hi Miran, But the Bombay High Court further said that it saw no reason to disturb the FSI granted iinstead of the setback land. Shree Ram Urban Infrastructure Limited had first proposed construction of the 294-metre tall residential skyscraper in 2005. The plans were finally sanctioned in 2011 and the BMC issued commencement certificate for a residential tower of 43 storeys and a public parking lot up to plinth level. The developer was to get the incentive FSI and permission to construct from 44th floor to 56th floor once they handed over the public parking lot to BMC.
28th January 2016

Q: As per the latest news, Lodha Group has introduced celebrity couple Akshay Kumar and Twinkle Khanna as the brand ambassadors for its latest landmark neighborhood ''Amra''.
My comments to replies
The group has brought some of the top global names including Armani/Casa, Trump, Philippe Starck, Jade Jagger, Kelly Hoppen, Greg Norman and Pei Cobb Freed to India. In November 2013, the Group extended its international footprint with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in Prime Central London from the Canadian Government for a consideration of over Rs. 3100 Cr.
And once again with a unique urban concept ''Amara'', this neighbourhood will enable its residents to live more, do more. Because it is so refreshing to find such a forward looking developer that chose to build a society in a city without harming any nature. Instead of building a concrete jungle, Lodha has brought to us a luxurious nature filled neighbourhood fit for anything
30th March 2016

My replies to this discussion
Hi Kayvee, Look into the record and reputation of the builder before investing. In the case of a reputed builder, even if the projects get delayed, at least you can be sure of getting the flat. There are some checklist which a buyers and investors should check before booking any flat, a investor should must ask for the Intimation of Disapproval (IOD) and the Commencement Certificate (CC).Hi Kayvee, Look into the record and reputation of the builder before investing. In the case of a reputed builder, even if the projects get delayed, at least you can be sure of getting the flat. There are some checklist which a buyers and investors should check before booking any flat, a investor should must ask for the Intimation of Disapproval (IOD) and the Commencement Certificate (CC).
Q: How is Ambernath now a days for residential investment ?and which is most prefer zone east or west?
My comments to replies
Hi folks, If we talk about its connectivity then i would must like to mention some points here that Ambernath West is well linked to other parts of Mumbai via road, rail and public transport. The Nath Railway Station is 2.5 kms and the Kalyan Railway Station is 10.1 kms away via the Kalyan-Badlapur Road. The International Airport is located at a distance of 53.3 kms from Ambernath East via the Eastern Highway.
Hi all, My query is regarding the locality of Ambernath. How is the property market of Ambernath? Which are the leading and prominent developers are active in this locality? What is the current property rate is going on in the locality?
26th May 2016

Q: Where can one find more details on the property tax applicable under NMC (Nashik Municipal Corporation)

My replies to this discussion
Hi Suren, Do you know that the Maharashtra Government has raised the Ready Reckoner Rate by 7% in Nashik. The state government has increased the Ready Reckoner Rates in the range from 2 to 20% with an average hike of 10% in various pockets across Nashik with effect from April 1st 2016.Hi Suren, Do you know that the Maharashtra Government has raised the Ready Reckoner Rate by 7% in Nashik. The state government has increased the Ready Reckoner Rates in the range from 2 to 20% with an average hike of 10% in various pockets across Nashik with effect from April 1st 2016.
My replies to this discussion
Hi Amar!!! Arkade Art by Bhoomi & Arkade Group, located at Vinay Nagar, Opposite RNA Viva, Mira Road East, Mumbai offers 1/2/3 BHK residential flats. It's sizes are available in 655 sq-ft. in 1BHK, 875-1245 sq-ft. in 2BHK and 1060-1520 sq-ft. in 3BHK. It's current price is Rs. 7350/sq-ft. It is a G+13 storeys apartment consists 268 units in 4-towers. Currently, this project is under construction and work is going on in full pace. It is expected that the possession date will be December,2016.Hi Amar!!! Arkade Art by Bhoomi & Arkade Group, located at Vinay Nagar, Opposite RNA Viva, Mira Road East, Mumbai offers 1/2/3 BHK residential flats. It's sizes are available in 655 sq-ft. in 1BHK, 875-1245 sq-ft. in 2BHK and 1060-1520 sq-ft. in 3BHK. It's current price is Rs. 7350/sq-ft. It is a G+13 storeys apartment consists 268 units in 4-towers. Currently, this project is under construction and work is going on in full pace. It is expected that the possession date will be December,2016.
My comments to replies
Hi Amar!!! Arkade Art by Bhoomi & Arkade Group, located at Vinay Nagar, Opposite RNA Viva, Mira Road East, Mumbai offers 1/2/3 BHK residential flats. It's sizes are available in 655 sq-ft. in 1BHK, 875-1245 sq-ft. in 2BHK and 1060-1520 sq-ft. in 3BHK. It's current price is Rs. 7350/sq-ft. It is a G+13 storeys apartment consists 268 units in 4-towers. Currently, this project is under construction and work is going on in full pace. It is expected that the possession date will be December,2016.
Good Morning Gerome!!! @ 7350/sq-ft., a 1BHK in Arkade Art will cost you Rs. 58.95 lakh, 2BHK will cost you Rs. 78.75 - 80.10 lakh, for 2.5 BHK in 1060 sq-ft. will cost you Rs. 95.40 lakh and for 3BHK, it will be Rs. 1.36 crore all inclusive. All additional charges are included in it. As far as loan is concerned, almost all the leading banks and financial institutions such as HDFC, Axis, Indiabulls, Citibank etc. are funding this project. All the required statutory approvals are in place as BMC has approved this project.
2nd August 2016

Q: Kalpataru Woods Ville is loacted at Chandivali powai in Mumbai city, and has great residential facilities such as super building, gallery, lawn and have great infrastructure. this is auspicious place and renowned for its commercial, social & industrial development. kalpataru Woodsville is surrounded with lush green garden in Mumbai and spread through your eyes can reach. It has best interior and exterior amenities such as have a hall, bedroom, washroom and kitchens, all are decorated by the great team of experts. from exterior, you experience a heaven in the world as front walls are painted with cream and white colors.So that it has great features that make it different from others. For more information you visit: - http://www.kalpataruwoodsville.newprojectlaunch.in/
My comments to replies
Hi, Is this project still in pre-launch phase or has been launched? What is the price quoted by the builder for a 2BHK flat in Kalpataru Woodsville, Chandivali, Powai? Can i get some details of this project?
Good Morning Ashish!! Kalpataru Woods Ville by Kalpatary Group located at Powai, Chandivali, Mumbai is a pre-launch project. It offers 2/3BHK residential flats from 1180-1905 sq-ft. It's various sizes available from 1180-1187 sq-ft. in 2BHK and 1896-1905 sq-ft. in 3BHK. And it's current price quoted by the developer is Rs.16168-16271/sq-ft. This project is spread over 35000 sq-ft. of land parcel developing 84 units in 2 Basement + stilt + 21 storied. There will be 4 flats per floor with balcony.
24th August 2016

Thanks Manilal.... Do you have any information about its possession date? What will be the price of a 2/3BHK flats all including? I heard that they have offered Rs.1000/sq-ft. discount? Is there any floor rise charges?
Ur Welcum Ashish!! As per the developers possession date will be 3 Yrs. from the launch date and 6 months grace period. It is expected that December-2020 will be its possession date. A 2BHK will cost you Rs.1.92 crore to Rs. 1.93 crore onward and for 3BHK, it will be around Rs.3.07 crore to Rs.3.08 crore onward. Yes, they have launched the project @Rs.15291/sq-ft. on the auspicious day of Rakshabandhan and floor rise charges will be Rs.125/sq-ft.
24th August 2016
@Anirudh, Carpet area will be 745-751 sq-ft. for 2BHK and 1185 sq-ft. for 3BHK flats in Kalpataru Woodsville, Powai. Yes, it's freehold land and approval received from MMRDA and excavation works has started.
24th August 2016

Q: my name is Ramesh and my email address : rameshjainnahata@hotmail.com. i out my whole hard earned money to buy flat in everyshine cosmic under the commitment that poistion by 2011. i done lot followup and every where only one answer comes that Mr jayesh shah is MOTI CHAMDEE " person and it is true now finalley i am going to seat on hunger strile on Ravi office into jayesh bhai cabin and will be there untill i get money back in hand @ today rate or let me police to take away . Let me know if any other victom to join me

My replies to this discussion
Hi Ravi, Evershine Cosmic is a BMC approved project and if all the approvals are in place as per the builders then why there is a delay in possession. A man who has invested his hard earned money in buying dream home, is waiting for last 5 yrs to get their flat possession. It's really a sad that after so many initiatives has been take by the govt. but still these kind of builders are roaming freely.Hi Ravi, Evershine Cosmic is a BMC approved project and if all the approvals are in place as per the builders then why there is a delay in possession. A man who has invested his hard earned money in buying dream home, is waiting for last 5 yrs to get their flat possession. It's really a sad that after so many initiatives has been take by the govt. but still these kind of builders are roaming freely.
My comments to replies
HI Ravi, I think you should file a complain against this builder for claiming refund of the amounts paid along with interest and/or damages. The buyer can also file a consumer complaint for "deficiency in service" as defined under the Consumer Protection Act, 1986 against the builder. Don't wait now.
Hi Ravi!! I am agree with Sanin. Any dispute over Rs 20 lakhs can be directly filed before the State Commission and any dispute over Rs 1 crore can be filed before the National Commission in New Delhi. While any dispute for a value lower than Rs 20 lakhs has to be filed in the District Commission.
3rd October 2016

Q: Hi, I am planning to buy flat and that apartment was ready/possession in 2012 and builder still has one flat vacant yet and he is asking for development charges on that flat ? Will development charges applicable in this case ? Thanks, Bharat
My replies to this discussion
Hi Bharat!! No, you will not have to pay any charges for a ready-to-move apartment because you are buying flat not his services. You have to pay only if you buy a under construction flat.Hi Bharat!! No, you will not have to pay any charges for a ready-to-move apartment because you are buying flat not his services. You have to pay only if you buy a under construction flat.
Q: can i invest in oyster living foresta mira road kashigaon they saying only 1 flat is left..1BHK..and there is no work on site..they say work will start after 2month..plz help as soon as possible

My comments to replies
Thank for helping...this my first time i posting any questions and got quick replies...but i m still confused...about rate and even i dont wann pay any brokerage or over price for per sft rate..if any one have best deals on that side..plz share..
Hi Sagar! Current residential property rate in Mira Road is Rs.7850/sq-ft. So, if you are good bargaining ability then you can get a good deal. I think 7600-7700/sq-ft. will be a good deal and if you are getting at this rate then ask for the other hidden charges. Visit their website and copy the sales guy number and call him. Collect all the information from the sales guy and then visit their office for further deal.
17th October 2016

Q: Requesting all Arkade Art buyers to sms/whatsapp their phone numbers with contact name. We have formed a whatsapp group to keep updated on all developments related to ARKADE ART

My replies to this discussion
Hi, 80-90% flats have sold out as per their sales guy. I have booked a 2BHK unit in this project and visited the construction site. Construction in full pace although delayed by 2yrs...just keep your finger crossed. Rest things look in place but rate on higher side approx 7200/sq-ft.Hi, 80-90% flats have sold out as per their sales guy. I have booked a 2BHK unit in this project and visited the construction site. Construction in full pace although delayed by 2yrs...just keep your finger crossed. Rest things look in place but rate on higher side approx 7200/sq-ft.
Q: HI, i am planning to buy a flat in Kalyan East. how is the locality of Kalyan East and under which local body it falls? How is the social and physical development in the locality?

My replies to this discussion
Hi Harshiddhi, Kalyan East and West are the city of Thane District of Maharashtra. Kalyan and its neighboring township of Dombivali jointly form the Kalyan Dombivli Municipal Corporation. It is considered as a part of the Mumbai Metropolitan Region, along with the Vitthalwadi, Bhiwandi, Thane, Ulhasnagar and the MUnicipal Councils of Ambernath and Badlapur. Kalyan East is is growing at a fast pace owing to uninterrupted accessibility to all prominent areas of the city and rapid infrastructural development. The area also houses a large number of textile based cottage industries. All the required essentials of a well developed place such as reputed educational institutes, hospitals, health care centers, restaurants and shopping complexes that has helped Kalyan East to become a promising locality.Hi Harshiddhi, Kalyan East and West are the city of Thane District of Maharashtra. Kalyan and its neighboring township of Dombivali jointly form the Kalyan Dombivli Municipal Corporation. It is considered as a part of the Mumbai Metropolitan Region, along with the Vitthalwadi, Bhiwandi, Thane, Ulhasnagar and the MUnicipal Councils of Ambernath and Badlapur. Kalyan East is is growing at a fast pace owing to uninterrupted accessibility to all prominent areas of the city and rapid infrastructural development. The area also houses a large number of textile based cottage industries. All the required essentials of a well developed place such as reputed educational institutes, hospitals, health care centers, restaurants and shopping complexes that has helped Kalyan East to become a promising locality.
My comments to replies
Hi Kriti, Bandra East is a prominent locality of Mumbai. It is intersected by the Western Express Highwa. Other Roads connected to this locality are Santacruz-Chembur Link Roadand Sion-Bandra Link Road. These roads are offering smooth commuting to its residents. The development of Bandra Kurla Complex (BKC) in the vicinity has been a plus point for growing demand of good business infrastructure. Bandra Railway station is the nearest railway station to this locality. Chhatrapati Shivaji International Airport is located at a short driving distance. Phoenix Marketcity and Shoppers Stop (Bandra) is where residents can enjoy shopping time. Overall, locality looks good for end users.
Yes, property price in Bandra East has increased by 44% in last one years. It is a well developed area and has number of property for sale in Bandra East. The locality is surrounded by Bandra West, Bandra Kurla Complex, Khar, Mahim, Dadar West, Dharavi, Santacruz East, Kurla, Matunga and Santacruz West. Good location is the reason that there is great demand for apartments and villas in Bandra East. The area is served by BEST buses connecting the locality to Nagar and Jawahar Nagar. It is well connected to Mumbai through Central & Harbour Railways.
4th April 2017

Q: I rented a 1BHK flat in Andheri and signed 11 month leave & license agreement 5 days ago. There is a 6 month lock-in and 1 month notice period. Due to some misunderstanding and lack of furnished items in flat and owners mean behaviour, I (the tenant) want to cancel the agreement . However the owner said he will not return the deposit of 50,000 but he will return the cheques of remaining deposit and monthly rent if we sign the cancellation agreement, thereby waiving him of 50,000. Is it legal for the owner to do so ? And if there is any way I can get my money back without legal troubles with owner in future on cancelled or stop cheques in case I don't agree to waiving my deposit left with him ?

My replies to this discussion
Yes, i am agree with Vinay. If you have a copy of the rent agreement where the deposit is mentioned and you have complied with the conditions of the agreement, then the best option is to issue a Legal Notice to your Landlord. But even then, if the money is not returned, you will have to file a civil suit in the court for recovery of this amount along with interest.Yes, i am agree with Vinay. If you have a copy of the rent agreement where the deposit is mentioned and you have complied with the conditions of the agreement, then the best option is to issue a Legal Notice to your Landlord. But even then, if the money is not returned, you will have to file a civil suit in the court for recovery of this amount along with interest.
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