Ketalpujara, Mumbai
Q: where is the site location and wht is the asking price?

My comments to replies
Its after Poonam Nagar. I am told its 10500 psf. Does any one has any idea on the Project Approvals status (IOD, CC, etc)??
Hi Vikash, Acme Boulevard by Acme Group is a residential township sprawling over 9 acres of land. This project is startegically located at Sarvodaya Nagar, Off JVLR, Andheri East. It offers 2/3 BHK residential flats. 2BHK from 1150-1152 sq-ft and 3BHK from 1564-1574 sq-ft. It's current price quoted by the developer is Rs. 14500/sq-ft. and a 2BHK will cost you Rs. 22678000 to Rs. 22823000.
27th May 2015

Hi Ketal, I am looking for a 3BHK flat in Acme Boulevard, Andheri East, Mumbai. Can you tell me what will the cost of 3BHK and also banks name which have approved this project?
Good Evening Praveen, The cost of 3BHK will be approximately Rs.22533000 to Rs. 2267800 onward, @ Rs.14500/sq-ft. As far as bank approval is concerned, ICICI, HDFC, SBI etc. have approved this project for housing loan.
27th May 2015

Q: Hello sir, I am a salaried person and I want a home loan from Punjab National Bank for constructing a house. I want to know about the essential documents that I need to submit to get the home loan.
My replies to this discussion
Hi Sandeep, While applying for the loan, the bank is required to furnish the following information 1) Loan application form duly completed with photograph, 2) Identity Proof, 3) Residence Proof , 4) Age proof, 5) Educational Qualification Proof, 6) Income Proof, Income proof of Spouse/earing children/joint borrowers (if applicable), 7) Property documents as per property check list attached.Hi Sandeep, While applying for the loan, the bank is required to furnish the following information 1) Loan application form duly completed with photograph, 2) Identity Proof, 3) Residence Proof , 4) Age proof, 5) Educational Qualification Proof, 6) Income Proof, Income proof of Spouse/earing children/joint borrowers (if applicable), 7) Property documents as per property check list attached.
Q: I want to know the rates and other details for fixing the stamp duty & registration of a flat in Navi Mumbai

My replies to this discussion
Hi Folks, A year ago Stamp Duty was like 6% of total cost of property. Registration Charges 1% of total cost of property, VAT - 1% of total cost of property.Hi Folks, A year ago Stamp Duty was like 6% of total cost of property. Registration Charges 1% of total cost of property, VAT - 1% of total cost of property.
My comments to replies
According to my knowledge, Stamp duty and registration charge depends on type of building, its age and price. The stamp duty in Navi Mumbai above Rs. 5,00,000/- is Rs.7650/- plus 5% and the registration fee is 1 per cent or Rs 30,000 whichever is higher. Other than stamp duty and registration in Navi Mumbai there is 1% of Local Body Tax applicable same as registration charge.
Hi Sanjana, As per Maharashtra Stamp Duty and Registration act, Stmap duty in Maharashtra differs according to the jurisdiction in which it falls. If it comes in Nagar Nigam then the Stamp Duty is 3% on market value or on the agreement value whichever is higher. In Municipal Council, stamp duty is 4% on market value or on the agreement values whichever is higher. And in Municipal Corporation stamp duty is 5% on market value or on the agreement value whichever is higher.
14th July 2015

Q: Hi, I am intersted in Casa-Rio project for a 1 BHK. -Prateek
My comments to replies
You have to minimum wait 4 to 5 years for possession of your flat if you book with lodha any project. As agreement copy in advance prior to booking your flat.
I don't believe that people who are suffering from many years then why don't they raise the issue at that time while there is clearly mentioned on their agreement paper that if there is any delay in possession then the builder is liable to pay the compensation along with the interest.
12th May 2015

Q: 100 Above Neptune project they launch 1 and 1/2 year before but still work is not sarted, Is this project is going to happen or not?100 above Bhandup Neptune project when the work will be starting?

My comments to replies
Hello Everyone, We too have booked the flat in Neptune in 2012 but as you all know no progress till now. I heard, recently there was a meeting of all the people who have invested in 100 above. If any one of you have attended the same can you please let me know the updates.
Hey Laxmi, Even i have invested in this project and waiting for the current updates. Do you know what is the current status? I heard they have started work and planning to deliver by 2018. They are offering a very good payment plan. How is their construction quality?
5th May 2015

Q: Today we visited the site... but dumping ground smell was bothering us.... liked the project. But because of that dirty smell we are in two minds.
My replies to this discussion
Hi Guy's I came to know that on the agreement built-up area i.e 607 sq-ft was not mentioned and carpet area of only 364 sq-ft was mentioned. When we inquired about it, the lady said as per govt. norms we only mention carpet area and this is since last 10 years. Is it really true? i don't agree with the lady?Hi Guy's I came to know that on the agreement built-up area i.e 607 sq-ft was not mentioned and carpet area of only 364 sq-ft was mentioned. When we inquired about it, the lady said as per govt. norms we only mention carpet area and this is since last 10 years. Is it really true? i don't agree with the lady?
My comments to replies
Raunak City Phase 3 Whatapp Group already started - If anyone interested to join please send me msg on my mobile number +91 9819518429 Roshan Vyas
Hi Mansoor, What was the build-up area mentioned on the brochure? Have you any written proof or soft copy which has mentioned it build-up area 607 sq-ft.? If yes, they file a complaint against the builder.
23rd July 2015

Q: They are not fulfilling the committment .. there is leakage in walls and bathrooms.. no proper water supply, water is muddy.. They are not able to get Occupation Certificate from govt authority. They delay the possession of apartment.. No society service but they charge advance.. society charges electricity cut for more than 4 hours a day..

My comments to replies
Pls dont think of buying any Puranik projects. Their Paradise, Delight of Hometown Projects were delayed by 24 to 26 months and during this period no compensation were given. I was cheated with giving wrong registeration amount. 1 lakh was taken as parking amount and no parking given. Now their demanding 2 lakh more than the agreed amount, during the possession they increased their advance maintenance cost by 66k, flats have leakages. Elevators of inferior quality than promised. Service team straight away deny your complaints. We the residents are fed up of the builder. straigt NO to Puraniks Builders
Hmm, From investment point of view, would you recommend Ghodbunder Road or Vasai - Virar stretch?
5th May 2015
@Khushisha, But how do we make sure that the property on Ghodbunder Road is not on Forest land? Is there any information available on any govt. website about what sectors/plots are not on Forest Land? This forest land issue is the only problem for buying on GB road.
5th May 2015

Q: Status of Sunteck Orion in Airoli- Delay in commencement of work for lack of approvals? When will this project start. Its been a year since its prelaunch and i hear that it does'nt have required appropriation about your Question.

My replies to this discussion
Hi everybody, How is the locality of Airoli? Will it be a safe deal to invest in Airoli? How is the infrastructural development of the locality?Hi everybody, How is the locality of Airoli? Will it be a safe deal to invest in Airoli? How is the infrastructural development of the locality?
Q: The construction of this site is not in progress from last 1 year. Can u please tell me the problem? Why construction is not going on?

My comments to replies
Hi varun, if you have any news if now the yashashree tower got all the approval in place and possession can be expected by Dec 2015 since it is been posted on the comon floor space website. ad as the year so passed to have now the some concrete news of work progress ??
How will a builder/developer get approval if whole the approval official are corrupted. You can not blame a builder every time. If he is not getting the approval then how can they start the work. May be your builder is facing the same problem as Suraj Parmar has to face. Nobody want to lose their reputation. You might have heard Suraj Parmar's death, a prominent builder in Thane who ended his life due to the repeated demands for bribes by the several government departments. This case is very clear that there was no financial issue in this case. There is an issue in the way the system works.
30th October 2015

Q: When will the metro in Mumbai in Versova-Andheri-Ghatkopar route going to open up? Please throw some details.

My replies to this discussion
Hi Folks, 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.Hi Folks, 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.
My comments to replies
Hi Folks, 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 Suresh, Rs 12000 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.
28th August 2015
Right Suresh.................. 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

Q: I am intrested in buying 2bhk flat in Faith. Please contact me. Khanjan Mankad

My replies to this discussion
Hi Sunil, Question is whether any property will give descent returns in pune? The prices are already way too high. Huge no of flats are empty and better infrastructure will open gate further. Currently properties are brought near by to avoid time and energy spent in daily travel. Metro and other better infra will make people to travel from long distance as well.Hi Sunil, Question is whether any property will give descent returns in pune? The prices are already way too high. Huge no of flats are empty and better infrastructure will open gate further. Currently properties are brought near by to avoid time and energy spent in daily travel. Metro and other better infra will make people to travel from long distance as well.
Q: I have booked a flat in reliance residency in ambernath -e.do i have to pay vat and service tax? if so, then how much?it is not clear to me whether to pay cash or cheque. hemant. reliance residency palle village, near shiv mandir, ambernath -e

My replies to this discussion
HI all, It i not true. As usual the tax initiative is finally falling on the buyers who will be taxed eventhough it sounds as a direct take from builders.Why is the Govt so not transparent abou this and what does make them play different ways of answering a simple taxation which needs a question answer way to be dealtHI all, It i not true. As usual the tax initiative is finally falling on the buyers who will be taxed eventhough it sounds as a direct take from builders.Why is the Govt so not transparent abou this and what does make them play different ways of answering a simple taxation which needs a question answer way to be dealt
Q: Got to know that Godrej properties are coming up with a new project in Chembur in Mumbai. The project's name is Godrej Central? does anyone has details about this project? how is it for investment purpose?
My replies to this discussion
Good evening everybody, How is the locality and its connectivity to the other parts of the Mumbai City? Any idea?Good evening everybody, How is the locality and its connectivity to the other parts of the Mumbai City? Any idea?
Hi everybody, I heard that Godrej Properties is moving on selling entire inventory at Godrej Icon in Gurgaon. As the news releases the Shares of Godrej Properties moved higher by 8% to Rs 258 on the NSE in late-noon trades.Hi everybody, I heard that Godrej Properties is moving on selling entire inventory at Godrej Icon in Gurgaon. As the news releases the Shares of Godrej Properties moved higher by 8% to Rs 258 on the NSE in late-noon trades.
My comments to replies
Hi everybody, I heard that Godrej Properties is moving on selling entire inventory at Godrej Icon in Gurgaon. As the news releases the Shares of Godrej Properties moved higher by 8% to Rs 258 on the NSE in late-noon trades.
@Mansoor, I have some currents updates on it. Godrej Icon, Gurgaon is spread over 9 acres and it consists of 9 towers including a 32-storey Iconic tower. The project is being developed as a joint venture with Oasis Build home Private Limited.
22nd May 2015

Q: What are the future prospects of investing in this project?
My replies to this discussion
Hi all, I heard builder is in no mood to construct the Serenity project now as investors and buyers are already trapped because of " TITLE CLEARANCE OR IOD CLAUSE ". Current situation is that builder has got the title clearance for this project around 5 month ago. But i am not sure when are they going to start the construction work.Hi all, I heard builder is in no mood to construct the Serenity project now as investors and buyers are already trapped because of " TITLE CLEARANCE OR IOD CLAUSE ". Current situation is that builder has got the title clearance for this project around 5 month ago. But i am not sure when are they going to start the construction work.
Q: What are the future prospects of investing in titwala?
My replies to this discussion
HI everybody, Investment in Titwala is a hotbed due to relatively affordable prices. It is a small town located 23 km from Kalyan and Dombivli on the banks of river Kalu. It benefits from excellent connectivity thanks to the Kalyan-Ahmednagar Highway and NH-3. The area has good, wide roads. Titwala-Ambivali Road is a busy arterial one within this locality. Titwala railway station is the third one from Kalyan on the Mumbai-Kasara route along the central line. Thanks to the improving infrastructure and rising demand for affordable housing, Titwala is rapidly emerging a new location for budget housing in the Mumbai Metropolitan Region (MMR).HI everybody, Investment in Titwala is a hotbed due to relatively affordable prices. It is a small town located 23 km from Kalyan and Dombivli on the banks of river Kalu. It benefits from excellent connectivity thanks to the Kalyan-Ahmednagar Highway and NH-3. The area has good, wide roads. Titwala-Ambivali Road is a busy arterial one within this locality. Titwala railway station is the third one from Kalyan on the Mumbai-Kasara route along the central line. Thanks to the improving infrastructure and rising demand for affordable housing, Titwala is rapidly emerging a new location for budget housing in the Mumbai Metropolitan Region (MMR).
My comments to replies
Be cautious while buying property from Rregency sarvam, Titwala as quality of Finishing Work is not good as expected. Builder is also reluctant to do any repair once Possession is given or letter is signed.
Hi Arup, I heard that there are few flats still available in this project. Should i buy or not? What is the carpet area of 2BHK and the current price per square foot? What will be the cost of 2BHK including all?
4th June 2015

Hi all, I have some useful information regarding locality of Titwala. It is a small town close to Kalyan, Thane district. Surrounded by Ulhas River and Kalu River, some of the localities close to Titwala are Ambivli, Galegaon, Manivali and Anakhar. Real estate in Titwala is witnessing growth in residential units due to its proximity to Kalyan terminal.
Hi Ashish, Have you any knowledge about Titwala's connectivity to the other parts of the city? What is the average property price of an apartment in Titwala?
4th June 2015

Q: service tax on under construction property.. new service tax rate of 3.71% is applicable from 1/4/2013 or 1/3/2013? please advice.

My comments to replies
Hi all, It is brought to the notice of the Public that the new Service Tax rate of 14% has been proposed In the Finance Bill, 2015 by the Honorable Finance Minister on 28-02-2015. The new Service Tax rate 14% is not effective immediately and shall come into effect only from a date to be notified later. The existing rate of Service Tax is 12.36% (Inclusive Cesses).
Hi Sunil, Yes, it is right. The service tax is currently levied at the rate 12.36 per cent including education cess. And people have to pay the revise service tax of 14% from !st June. But one thing which i want to know that which are the services where there is no levied service tax.
25th May 2015

My comments to replies
hello vikram & Vinay .....How are youl doing ??.I am rocky again , buyer of a flat in UNNAT NAGAR Aksahay ....Goregaon west. I had signed the agreement in 2006 with Polycon Realtors .. .Now i heard that the project is completed by Wadhwa .But we are told to sign a supplement agreement which includes the clause of inclusion of dry area and flower beds . The agreement mentions that the amount to be paid to the builder is zero but the builder is still demanding money in cash ..... This totally illegal demand and that too after delaying the project for 6 years . By any chance ,do u or any buyer are facing the same problem ?.......please help me with more information . My email address is mintltrades@gmail.com
He Rocky, Check your agreement. Is there any clause mentioned in your agreement? If yes, then no need to worry. Follow what your agreement says. A legal expert can also help in this matter.
5th May 2015

Q: IT IS A NEW BRAND FLAT FOR IMMEDIATE SALE 325 SQ.FT. @24 LACS.

My comments to replies
Hi Priyanka, I am planning to book 1RK in Haware Citi, Ghodbunder Road, Mumbai. What is the current price they are quoting? And the date of possession?
Hi Dev, Haware Citi by Haware Engineers & Builders Pvt. Ltd. located at Ghodbunder Road, Thane West, Thane, is a residential township spread over 25 acre of beautiful land. It offers 1RK/1/2/3 BHK residential flats from 360-1149 sq-ft. and it's price will be Rs. 30.6 lacs to Rs. 97.66 lacs. As per the conversation made with their sales guy i found that the date of possession will be March 2016.
22nd May 2015
Well Patel, Haware Citi by Haware Engineers & Builders Pvt. Ltd. is a TMC approved project and all the required approvals are in place. HDFC Bank | State Bank of India | GIC Housing Finance Ltd. are the leading home loan provider for this project.
22nd May 2015

Q: What is IOD. What documnets do you have that can be checked. I am interested in the project. give me more details.
My comments to replies
Hi, I have identified a property in Mira Road. 600 sq-ft. 1BHK 38 lakhs. Is it worth it? If not what is the acceptable range/sq-ft for a residential property in Mira road (for apartments only)? Please help. Thank you.
Hey, you can also choose any of them as they are ongoing projects by some of the best developers of Mumbai. These are Jaycee Bhagtani Rio Ph-1, PNK Imperial Heights, Vasudev Sky High, Man Opus, Nirmal Sports City, Kalpataru Srishti, Delta Garden Phase-I, Ravi Gaurav Excellency, Ravi Gaurav Eden etc. with best of the amenities.
15th April 2015

Q: What are the present property registration and stamp duty charges in Goa?

My comments to replies
Hi, Which are the other grey areas before the Real Estate developers in Goa those need quick attention for redressal? What are the recommendations of CREDAI-Goa to the Govt.?
At the same time single window clearance delay in approvals from the concerned authorities is one of the major reasons behind many project delays. The sector is looking for more restructuring in the form of single window clearance and granting infrastructure status to further boost the real estate sector.
5th March 2015

what is the purpose of stamp duty?
It is mandatory to Pay Stamp Duty as per as the stamp duty valuation fixed by the Registrar of your area under the stamp duty act of your state. Registration Charges are over & above Stamp Duty and is levied @1 % of total property value as per sale deed.
5th March 2015

Q: Anyone has booked an apartment in this project? What is the rate that has been offered as base price, floor rise, car park etc., and what is the super built up loading.

My comments to replies
hi all, This project is a redevelopment of a society in Bangur Nagar, Goregoan West . The location is very good and well connected. There are 3 BHK being offered, The flat are available in 1280 sq-ft. There are 63 flats developing under this project and expected date of delivery will be December'2015. Only few builder flats are available for sale now.
HI, If they fail to give the possession on time, there is a penalty clause for delay possession. Check your agreement. If your agreement has penality clause then builder is liable to pay the compensation on delay possession.
25th June 2015

Q: Property bubble to soon blast in ULWE. The Navi Mumbai airport has become financially unviable option and plans are almost confirmed to cancel the airport and return the land which was acquired initially. The news which was published in times of india saying that airport work to commence next year was only to ensure that prices do not fall any further. Most of the newspapers were asked not to publish the latest news but Mid-day went ahead and published the fact. Consumers please be cautious and do not buy any property in Ulwe as future is really dark. Please follow the mid-day link below for the update: http://www.mid-day.com/news/2013/aug/150813-navi-mumbai-airport-cm-shoots-down-returning-developed-land-to-farmers.htm

My comments to replies
Do you know Ketal till now CIDCO received approvals that had been awaited from the ministries, as well as from CRZ and others. Issues related to CRZ permissions, technical obstacles, land acquisition with the environment ministry, funnel zone, etc had been stuck at the centre for quite some time.
Right Dwarkesh, The only approval awaited before the ground work of the project can start. It is for the height restriction execute by the civil aviation minister for the 230-hectare land parcel, which also should be approved soon.
5th June 2015
Well Dwarkesh, Pushpak Nagar land acquired by CIDCO from local villagers has height issue and was restriction for construction by the civil aviation for any kind of construction as it require permission from the ministry.
5th June 2015

Good Morning all, As per CIDCO managing director, Sanjay Bhatia, after PM Narendra Modi's meeting with Maharashtra's chief secretary on 1st April 2015, they have been able to get clearances for most of the issues in the international airport project.
Then it must be a big relief for the CIDCO as they were looking after the project for nearly a year, has been in a deadlock with the civil aviation and environment and forest ministry at the center. During meeting with PM, Chief Secretory of Maharashtra informed the PM that the most crucial project of the state was the airport project and, so, it had to be fast-tracked.
5th June 2015

My comments to replies
Asangaon for low budget investment gonna be best option because now it has got new era towards Industrial with no chemical zone benefits. If someone want complete Investment plan, for sure i can share with any one. Sandeep Pal kasaorbit@outlook.com
But before buying/investment in any localities, there are certain points which you have to keep in your mind for safe buying. A detailed check on the reputation of the builder is the first step. It can be done by consulting people and friends who have taken their services in the recent past. Check out the previous projects of the builder has constructed. You can get the list of projects completed by the builder and do a check on it. This will also give you a fair idea about the construction style and on time delivery of the projects.
25th May 2015

Q: I can’t wait for the weekend for Shaimak Davar’s free dance class at Palava city. Palava city is organizing a free class on modern dance by Shaimak Davar’s famous dance academy, Shaimak Davar International. This is going to be conducted in three batches and is open to all age groups, which is even more exciting. Truly the community is coming to life here with various arts and culture events for one and all.
My replies to this discussion
Hi everyone, Lodha Palava City is India's first Smart City Project Dombivali, Mumbai. They have also offered Phase-3 in Palava Downtown which was launched in December-2014. There are 2 sizes in 2BHK one is Optima-1332 sq-ft. which cost you Rs. 90 lacs onward and another is Ultima -1431 sq-ft which will cost to you you Rs. 1.5 cr onward. And it is expected that the date of possession will be 2018.Hi everyone, Lodha Palava City is India's first Smart City Project Dombivali, Mumbai. They have also offered Phase-3 in Palava Downtown which was launched in December-2014. There are 2 sizes in 2BHK one is Optima-1332 sq-ft. which cost you Rs. 90 lacs onward and another is Ultima -1431 sq-ft which will cost to you you Rs. 1.5 cr onward. And it is expected that the date of possession will be 2018.
My comments to replies
Hello Hitesh, I am planning to buy investor flat in Gaurav Legend. What is your opinion?
Hi Velu, Even i have a word with the developer and found that the possession date will be May'2016. Now, you are saying that the possession will be in December'2016. I don't know whom to believe or not. Do you know the current updates of this project?
22nd April 2015

Q: Can anyone provide me some information about the project?

My replies to this discussion
Hi, If you are planning to buy property in New Panvel, here are the list of projects available for sale such as Space India Balaji Symphony, Space India Orchid Residency, Sai World City, Qualitas Gareden, Prayag Gurudarshan, Swapna Nagar Township, Greenwood Estates, Realsales Awas etc.Hi, If you are planning to buy property in New Panvel, here are the list of projects available for sale such as Space India Balaji Symphony, Space India Orchid Residency, Sai World City, Qualitas Gareden, Prayag Gurudarshan, Swapna Nagar Township, Greenwood Estates, Realsales Awas etc.
Q: When is the correct possession date? The project keeps on getting delayed and seems to be a non starter. Earlier the completion was scheduled in 2014 now - 2017/18 seems to be doing rounds. Are they cheating us?

My comments to replies
Guys. Pls understand that the site office has also bewn closed and the project is a failure. It is better to unite and ask for refund + interest as per MOFA regulations as this activity by the developer amounts to fraud (launching without permissions in place). Pls contact me on miheerb@gmail.com or 9930866947 so that we can discuss the way forward.
Hello Miheer!!! Now-a-days project delay and cost overruns are common in the Indian real estate market. It has become a fashion for the developers. As a buyer, you should be aware of the protection that is available to you in the event of the late delivery of the immovable property you have purchased and also some of the things you need to avoid including in your contract. In case there is a delay in a project and the builder is not willing to pay a compensation as discussed in the builder-buyer agreement, buyers can approach the Consumer Court or the civil court for the execution of the penalty and grievance redressal,
9th September 2015

This is flop project, no work has started yet, infact builder is withdrawing this project..... dont know how he is going to give us invested money... guys pls let me know if any one else is also here who had invested money in this project...
Did you talk with the builder? Write a mail to him or visit his office. Try to find out the reason of delay. If you are not getting the proper reply plz take back all your money invested in project.
1st September 2015

My replies to this discussion
Hi everybody, According to me, the apartments price in Ulwe have remained constant for past 3 qtrs. The developers in the area are cutting their prices a little. So this might be the right time for you to invest in a property in Ulwe. Some of the growth factors in the locality are proximity to Navi Mumbai International airport, well connected with the important Thane-Belapur Road through the Uran Road which also connects it with the JNPT Road.Hi everybody, According to me, the apartments price in Ulwe have remained constant for past 3 qtrs. The developers in the area are cutting their prices a little. So this might be the right time for you to invest in a property in Ulwe. Some of the growth factors in the locality are proximity to Navi Mumbai International airport, well connected with the important Thane-Belapur Road through the Uran Road which also connects it with the JNPT Road.
Q: I have purchased new flat in Oct 2012 in Panvel,Navi Mumbai.I have paid 20% (4Lakh)amount and made 80 (12 lakh) % loan.i confuse about who's will pay service tax and VAT and how much?
My comments to replies
Any under-construction property that is purchased within India is liable to pay VAT and Service Tax. When a buyer purchases a property, he/she might be asked by the seller to pay service tax and VAT.
Hi Mahendra, When is the Service Tax, VAT and CST compulsory?
24th June 2015

WHETHER THERE IS ANY LBT is to be paid for purchase of any new construction.
Hi, Any goods which are brought into the Corporation area (import) from outside Corporation area for use, consumption or sale are liable for LBT.
24th June 2015

My comments to replies
Hi Guys, I have a property in Premier Exotica Kurla Building 3 and am now being asked to pay 3rd installment as well as register the flat. got a letter dated 1st nov. i also got a similar demand notice in oct for which ive paid the installment. They have along with their demad notice attached a letter from Bidco Engineering Division (bandra East) which mentions that construction work of specific property has been completed upto 2nd floor Slab. Should i make the payment and register the flat/document.? What documents should i be asking from them? Can there be a interest payable by them for the construction delay? can they levy a penalty of 21% p.a (as per their letter) on us for delaying payment of installments ? Will appreciate all the help
If I were you, I would ask myself the following questions before approaching an Advocate: 1) What is the agreement between you and the Builder ? 2) What are the terms and conditions that you have accepted with him ? 3) Have you in fact seen/got the above mentioned legal document at/from the Builder?
18th March 2015

Q: Please suggest if it is advisable to invest in Kalyan shil road on Marathon Nextown?

My replies to this discussion
Hi everybody, i want to know which local body and financial institutions have approved this project? What is the current property rate is going on in the locality?Hi everybody, i want to know which local body and financial institutions have approved this project? What is the current property rate is going on in the locality?
Q: Hi, How is the project Neminath Imperia in Andheri West, Mumbai? Is the locality good for investment?

My comments to replies
Its really very nice and the infrastructure is very impressive . The way the team treats is very professional. I must appreciate the quality of work.
Right Mukul, Andheri West is close to several important business districts such as SEEPZ and Bandra Kurla Complex (BKC). While SEEPZ is about 1.5 km and BKC is about 7.5 km away from the area. Therefore, the locality appeals to several professionals who work in these areas. The locality was actually developed as a residential area with good planning and well-designed layout.
5th May 2015

Q: The buider is a cheater never completes the project whether its Satya nagar,Boisar or Satya lifestyle,Palghar. He took 95%of payment & stopped the work. This is my request not to buy any property from tthis builder.

My comments to replies
builder is a cheat and fraud. he needs to be dragged into court and made to pay compensation for having taken away monies of people without giving homes to them
Hey Manoj, I am not telling you that builder is right and you people are wrong. But at least you should know the ground realty before investing in any project and believe me it is very simple just to check all the legal approval from the local municipal and concerned banks to know the realty.
12th May 2015

Q: While hunting for homes, they came across some builders offering us the no EMI till possession scheme.

My comments to replies
The scheme in my case is from the builder, not the bank. I have not registered the property and not signed any agreement involving any bank. So no EMIs. On posession and posession only, I have to pay the 80% to the builder or at that time if required take a loan from the bank. Yes, the builder has charged a premium over construction linked plan from me.
Right Amitoj, The real estate community is often at the receiving end of volatility in prices. Blame it on the markets that affect buying power. The burden then falls on builders to come up with innovative ways in which to promote their projects and get potential buyers to invest. One of these schemes is that of "No EMI till possession".
1st July 2015

Q: How is Runwal desire bettr than lodha palava project ??? Pls advise
My replies to this discussion
Hi Guys, At the time of booking of Runwal MyCity Ph-2, the price was Rs. 4302/sq-ft. and now they are quoting Rs. 4352/sq-ft (BSP). Is it a marketing stunt?Hi Guys, At the time of booking of Runwal MyCity Ph-2, the price was Rs. 4302/sq-ft. and now they are quoting Rs. 4352/sq-ft (BSP). Is it a marketing stunt?
My comments to replies
Hi, HI all, Is there any 2BHK flats available for booking in Lodha Codename 9 Iron? What are the sizes available in 2BHK and it's current price per square feet? How much will be the booking amount? Which local body has approved this project?
Lodha Codename 9 Iron by Lodha Group is the last tower in Lodha Golflinks with lavish 2 and 3 bed terrace and garden residences at Kalyan Shil road in Dombivali. Also available are villas facing the Golf course. The current quoted price is Rs. 6840/sq-ft. and there are only one sizes available in 2BHK, carpet area is 959 sq-ft. and its cost will be Rs. 65.59 lacs onward.
19th May 2015

Q: Hi, I live in Pune and own an apartment flat and a small 200 sq-ft outhouse which is separate from the building but in the same premises. I gave this outhouse on rent a few months ago and now the rest of the residents want me to pay an extra maintenance fee. Firstly, is this true? Because other flats that are in the building are also on rent but they are not paying any extra fees. This they say is because mine is an outhouse. Is this fair? And even if it is, I want to know if there are any guidelines on how much extra I need to pay? Because first they said 'the rule' says I have to pay 10% more. But now they are saying 'the apartment rules' have changed and I will have to pay a full maintenance fee i.e 100%. Are there any official guidelines under law as to how much maintenance will I have to pay extra? Or is it just a majority wins situation, since there are no detailed apartment laws, like society laws? Is there any law I can read or show them to defend myself? Any help will be appreciated. Thanks!

My comments to replies
Hi. Thanks for the replies.. I know 10% sounds right. But the thing is we do not have a registered co-op housing society(CHS). This is just one apartment building. Are the laws different or same for CHS and apartment buildings?
Yes, it is different. Suppose, The right of the flat owner under the C-operative Society act to transfer his occupancy right in the flat is subject to the approval of the Co-operative Housing Society whereas there may not be any restriction on the right of transfer by an apartment owner under Maharashtra Apartment Owner Association according to the Bye laws.
7th May 2015

My replies to this discussion
Hi all, Have you read the news that Maharashtra government is throwing away the Mumbai Development plan 2034? Do you know that it may throw the realty market into further mess, with deals for land packages, redevelopment projects and even private equity transactions for financing these projects in Mumbai getting stuck due to lack of clearness on the city's proposed development plan.Hi all, Have you read the news that Maharashtra government is throwing away the Mumbai Development plan 2034? Do you know that it may throw the realty market into further mess, with deals for land packages, redevelopment projects and even private equity transactions for financing these projects in Mumbai getting stuck due to lack of clearness on the city's proposed development plan.
My comments to replies
Hi all, Have you read the news that Maharashtra government is throwing away the Mumbai Development plan 2034? Do you know that it may throw the realty market into further mess, with deals for land packages, redevelopment projects and even private equity transactions for financing these projects in Mumbai getting stuck due to lack of clearness on the city's proposed development plan.
Hi Nikhil, Only thing is that, we all need to be patient. 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 Development Plan 2034 for approving any projects in the city.
7th May 2015
According to me the major drawbacks was the mapping of existing land use and proposals related to densification, infrastructure, and open spaces. The approach of this Development Plan was to guide development with differential FSI as an instrument with densification of transport focused corridors.
7th May 2015

Q: What can the real estate sector expect from the union budget 2015-2016?

My replies to this discussion
Hey all, We have all seen the budget 2015-16 and there was nothing for the real estate sector. So, my question is how Budget 2015-16 affects real estate sector?Hey all, We have all seen the budget 2015-16 and there was nothing for the real estate sector. So, my question is how Budget 2015-16 affects real estate sector?
My comments to replies
Hey all, We have all seen the budget 2015-16 and there was nothing for the real estate sector. So, my question is how Budget 2015-16 affects real estate sector?
I appreciate that there is no two ways about it that a cut in home loan interest rates is the best and the most effective way of boosting property sales and to balance out the decline faced by the real estate sector, and the repo rate cut was sure a sign of right purpose.
7th May 2015
It mainly aims to provide six crore units of urban and rural housing to needful citizens. If the ideas given by government is anything to go by, then the right steps would mean a huge boost to the affordable housing segment of Indian real estate sector.
7th May 2015

My comments to replies
This is to bring to your notice that we have been cheated by Mr. Raju Sulire of Mandar Realtors as investor to him. We have invested in his company ( Mandar Realtors ) in Dec 2012 and Nov 2013 with the aggregate principal amout of Rs. 40 lacs. This was invested with an arrangement of monthly returns 4 % of the total amount from the date of MOU that has been signed and a buy back of the flat between us. It is now over 2 years and we have not got any returns form this COMPANY and our principals are also stuck with them We therefore request people not be entrap by him. We also wish to connect to those investor and home buyer who have invested with him to take up the case together by filing official complaint against this company and Mr. Raju Sulire and Avinash Dhole. Appreciate your support on the same. Defaulter Detail Name : - M/S Mandar Realtors Person Name :- Name :- Raju Sidhya Sulire Address :- Office Number 105, First Floor, Charbhuja Apartments, Kharodi Naka, Bolinji, V
Hi manish, I can understand your problem which you are facing these days. There are many cases where builders have taken more than the required time to finish projects while leaving home buyers to suffer financial loss. Late government approvals, getting the completion certificate, delay in getting raw material, cement and steel procurement, manpower delay etc are some of the major factors that contribute to the delay caused in handling over the possession to the buyers.
24th June 2015

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

My replies to this discussion
Hey all, Have you heard the latest news on Rent Control Act, Maharashtra? A state housing department plan to amend the Rent Control Act which will likely to be hit 5 lakh Mumbai families. It has created panic among residents.Hey all, Have you heard the latest news on Rent Control Act, Maharashtra? A state housing department plan to amend the Rent Control Act which will likely to be hit 5 lakh Mumbai families. It has created panic among residents.
My comments to replies
Hey all, Have you heard the latest news on Rent Control Act, Maharashtra? A state housing department plan to amend the Rent Control Act which will likely to be hit 5 lakh Mumbai families. It has created panic among residents.
Hi Ramesk, What is mentioned in the proposal and how it will affect the tenanted residents?
7th May 2015
Since many years, these tenants have been secured under the Rent Control Act and pay very low rents (a couple of hundred rupees a month), and the BJP-led government feels these families should now pay much more than what they are paying currently.
7th May 2015
I think this proposal will be another big disaster like the city's draft development plan and It will return on the government and needs to be reconsider on it..
7th May 2015

Q: Hi, lot's of infrastructure projects in Mumbai stuck in red tape and delayed due to lack of environment clearances.

My replies to this discussion
Hi folks, Mumbai's Eastern Freeway built to reduce travel time between South Mumbai and the Eastern suburbs. Once the Eastern Freeway complete will connect P D'Mello Road to the Eastern Express Highway at Ghatkopar. Currently, a 13.59 km stretch from Orange Gate on P D'Mello Road (South Mumbai) to Panjarpol, Chembur is open. It is built by Mumbai Metropolitan Region Development Authority (MMRDA) at a cost of Rs 1250 crore (Rs 12.50 billion), it covers a distance of 16.8 km.Hi folks, Mumbai's Eastern Freeway built to reduce travel time between South Mumbai and the Eastern suburbs. Once the Eastern Freeway complete will connect P D'Mello Road to the Eastern Express Highway at Ghatkopar. Currently, a 13.59 km stretch from Orange Gate on P D'Mello Road (South Mumbai) to Panjarpol, Chembur is open. It is built by Mumbai Metropolitan Region Development Authority (MMRDA) at a cost of Rs 1250 crore (Rs 12.50 billion), it covers a distance of 16.8 km.
Q: Thats Great actually... What is the reason that authority has chosen BKC to transform as a Smart City?

My replies to this discussion
Being close to the Airport and a number of banks in the vicinity, BKC provides jobs to more than 2 lacs people. It was developed by MMRDA to create a state-of-the-art financial and business hub. Now, the complex is being developed to decongest and decentralize further concentration of offices and commercial activities in South Mumbai.Being close to the Airport and a number of banks in the vicinity, BKC provides jobs to more than 2 lacs people. It was developed by MMRDA to create a state-of-the-art financial and business hub. Now, the complex is being developed to decongest and decentralize further concentration of offices and commercial activities in South Mumbai.
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, Can anybody give me only one basic reason that why should i invest at Ulwe in Navi Mumbai? Which are the prominent developer who is developing their project in this area?
I appreciate what Shrikant has mentioned above. Panvel is known as the gateway of Konkan region. Some of the major highways providing connectivity to Panvel include NH-4, NH-4B, NH-17, Mumbai-Pune Expressway and Sion-Panvel Expressway. Sion-Panvel Expressway connects the area to the Mumbai International Airport. Panvel has regular Panvel Municipal Council (PMC) and NMMT run buses to Bhiwandi, Thane, Badlapur, Kalyan, Dombivli, Dadar and Uran.
15th May 2015

Q: What will be the state govt. role to develop 50 lakh new homes by 2022?
My comments to replies
Hi all, A path breaking news for the Indian housing sector as the cabinet has approved launch of "Housing for all by 2022" programme, which is primarily aimed at rehabilitation of slum dwellers and promotion of affordable housing for the Economically Weaker Sections (EWS) and Lower Income Groups (LIG), through credit linked subsidy.
Right Anirudh, A support of Rs. 1 lakh to Rs. 2.30 lakh per beneficiary would be provided under different components of the National Urban Housing Mission (NUHM) in urban areas to build 2 crore houses to meet the housing shortage, over the next 7 years.
23rd June 2015
Well Anirudha, As per the earlier approval of the Union Cabinet, there are four components to the NUHM. In the 1st category under the redevelopment plan for slums with the participation of private developers using land as a resource component, a central grant of Rs. 1 lakh on an average per beneficiary would be provided. In the 2nd category, affordable housing through credit linked subsidy scheme, an interest subsidy of 6.50% on each housing loan to EWS and LIG by central government. For 3rd component of affordable housing through private and public sectors, central assistance of Rs. 1.50 lakh to each beneficiary would be provided to promote housing stock for urban poor. For the 4th category of subsidy for individual beneficiary led construction or enhancement of houses, a central assistance of Rs. 1.50 lakh would be provided to each eligible urban poor to build an own house or renovate the existing ones.
23rd June 2015

Really a good news buddies, 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.
@Shrikant, It will help in many ways to the people like releasing of inexpensive land parcels, land acquisition to become easy, interest rates to be dropped, raw materials to cost less and other such steps will make sure that developers are provoked to construct houses coming under affordable segment and target audience to be EWS and LIG groups primarily.
23rd June 2015

Q: What is the expected Growth rate of India Real estate market? What is the contribution of Tier 1 metropolitan?
My replies to this discussion
How much was the total revenue generated from Foreign Direct Investment in the year 2014? What is your opinion about the current investment opportunities? Do you see any potential in this sector?How much was the total revenue generated from Foreign Direct Investment in the year 2014? What is your opinion about the current investment opportunities? Do you see any potential in this sector?
My comments to replies
Hi, The real estate sector in India is estimated to reach US$ 180 billion by 2020. The expected growth rate of the industry is at a compound annual growth rate (CAGR) of 19% for the period 20102014, whereas the Tier I metropolitan cities contributing to almost 40% of this growth.
Hi Dayananda, Which are the main components of Realty market and it's share in India's Gross Domestic Product? Which are the city in India have seen the percentage of growth in the first quarter of 2014?
10th March 2015

Q: Do you think that the initiatives were taken by the govt. after the issue of Campa Cola Society?msrdc

My replies to this discussion
Thanks for the reply, As it is a part of committed plans for Maharashtra Tourism in the coming year, the Government has plans to promote the State as an all season tourist as well as a great investment destination. A special tiger protection force in forest reserves in Vidarbha will also be set up soon to protect tigers. Thanks for the reply, As it is a part of committed plans for Maharashtra Tourism in the coming year, the Government has plans to promote the State as an all season tourist as well as a great investment destination. A special tiger protection force in forest reserves in Vidarbha will also be set up soon to protect tigers.
Q: After investing in a project, and being promised delivery within a year, builder has backtracked. It's been 5 years now, the builder wants to change the registered plan of the flat and reduce area significantly. What are my options for recourse?
My comments to replies
I buy the properties in alibag they are offer very big properties so please visit http://www.incrediblealibaug.com/
Hey Narendra, Can you tell me what are the options and it's sizes available in Alibag and what is the current price per square feet they are charging?
12th May 2015

Q: Is this move comes in the backdrop of a stiff year that went by?
My replies to this discussion
Hi everybody, As i heard that to attract the home buyers, that are expected to be offered vary from a 10% discount in prices compared to existing market prices, special home loan rates of 8% for the first 2 yrs, to a Rs 100000 worth furniture voucher on the sale of selected units. Many of these are expected to be pre-launch offers. Pre-launch offers are also expected to include a buyer-friendly 10:70:10:10 home loan facility.Hi everybody, As i heard that to attract the home buyers, that are expected to be offered vary from a 10% discount in prices compared to existing market prices, special home loan rates of 8% for the first 2 yrs, to a Rs 100000 worth furniture voucher on the sale of selected units. Many of these are expected to be pre-launch offers. Pre-launch offers are also expected to include a buyer-friendly 10:70:10:10 home loan facility.
Q: Hi, my query is how are the returns on investment in Nalasopara?

My replies to this discussion
Hi all, MY question for you all that what is the current FSI in Nala Sopara and is there any chance for amendment in it?Hi all, MY question for you all that what is the current FSI in Nala Sopara and is there any chance for amendment in it?
My comments to replies
Hi all, MY question for you all that what is the current FSI in Nala Sopara and is there any chance for amendment in it?
Thanks Jerome, Is it a right decision to buy property in Nala Sopara West? Which are major residential locations of Nala Sopara?
6th May 2015

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

My comments to replies
Which are the major areas where BMC should work out until the revised development plan was tabled?
You mean the current uncertainty will continue, until the revised development plan is tabled.
7th May 2015
And buyers should analyze their needs well to decide if they should buy from the projects available now, or if they can wait until clearness comes out via the new Development Plan. Am i right?
7th May 2015

Q: Hi, now taking advantage of land for new corridors will save time and cost over-runs.
My comments to replies
@Abhiskeh, That is why during the implementation of Metro rail projects in the country, one of the major barriers has been the emphasis by various ministries and departments of the Centre on provision of land for land required for the projects and that too of an equal monetary value.
Right Balwinder, The ministry concerned, department and PSU will be compensated for the transferred land based on rates as per the existing guideline values. As the note also directs all departments to immediate settlement of operating rights on the relevant land claim by the Metro rail company as per the detailed project report.
19th March 2015

Q: Hi, Mumbaikars should now get ready for more expensive homes after Maharashtra Chief Minister issued a notice, expanding both the premium amount and the floor space index (FSI) in Mumbai's rural areas.

My replies to this discussion
Hi all, It is also heard that not only were the revised government FSI rates higher than the TDR rates, the move to increase the government rates had led to the TDR market to hike its rates too. Is it true? Hi all, It is also heard that not only were the revised government FSI rates higher than the TDR rates, the move to increase the government rates had led to the TDR market to hike its rates too. Is it true?
Q: It's really a good news for Mumbaikers because the salt pans, which till now fell under the No Development Zone.
My comments to replies
I personally feel opening of salt pans in mumbai is good start . This will work as affordable for a common man.
Right Fahim, This Salt Pan lands admeasuring 2177 Ha are located in MCGM area at Dahisar, Goregaon, Mulund, Bhandup, Kanjur, Nahur, Ghatkopar, Turbhe, Mandale, Chembur, Wadala and Anik. The Salt Pan lands are distributed in 31 Salt Works and 4 Salt factories, out of which 24 salt works (107 Ha) are under license and 7 salt works (1032 Ha) are under lease.
24th June 2015

Q: can anyone tell me the new project in palghar by poonam developers of poonam park is trustworthy for investment?

My replies to this discussion
Hey, I am interested in Poonam Developers project called Poonam Avenue in Avenue in Virar, Mumbai. Can anybody give me the feedback on developers and their past and ongoing projects?Hey, I am interested in Poonam Developers project called Poonam Avenue in Avenue in Virar, Mumbai. Can anybody give me the feedback on developers and their past and ongoing projects?
Q: Hi, which factors drive the realty market of Navi Mumbai? Can you list the name of some localities that are becoming realty hotspots in Navi Mumbai?
My comments to replies
Hi, Several factors drive the realty of Navi Mumbai. As realty hotspots, these localities witness a good number of projects being launched every year. Panvel is one such hotspot that offers the highest number of fresh projects, with a property age of approximately 2 yrs. There are various localities in Navi Mumbai that are becoming realty hotspots. Currently, some of the brilliant real estate micro-markets include Kharghar, Kamothe and Panvel.
Hi Vinay & Anirudh, As we all know that connectivity play a major role in the realty market. i am little worried about it's connectivity. How is the infrastructure development in the locality of Navi mumbai?
5th April 2015

Q: Hi, Which area in Mumbai consist spacious 2BHK flats in with a built-up area of about 1200-1300 sq-ft?
My replies to this discussion
I appreciate Shrikant, Andheri East is a locality which serves more to the middle and upper middle income group compared with its western counterpart. The area still fights with some civic issues. On the other hand, the recent developments and upcoming infrastructure in the locality are improving the real estate prospects of the area.I appreciate Shrikant, Andheri East is a locality which serves more to the middle and upper middle income group compared with its western counterpart. The area still fights with some civic issues. On the other hand, the recent developments and upcoming infrastructure in the locality are improving the real estate prospects of the area.
My comments to replies
I appreciate Shrikant, Andheri East is a locality which serves more to the middle and upper middle income group compared with its western counterpart. The area still fights with some civic issues. On the other hand, the recent developments and upcoming infrastructure in the locality are improving the real estate prospects of the area.
Well Shrikant, Do you have any current updates on rental markets of Andheri East? What is the average rental rates in Andheri East?
5th May 2015

Q: Hi, what is the rent of 1bhk flats in Powai? How is the real estate trend in Powai?
My comments to replies
Gud morning Ketal, I have heard that the Powai-Vikhroli stretch has been seeing increased traffic jam during peak hours. The Haico junction especially witnesses regular traffic jams as the traffic meets here from all sides. LBS Marg going towards Ghatkopar is small and faces serious traffic jam in the evening or the office hours. What is your view?
Yes, it is right but now-a-days traffic jam has become a problem for every city and locality of the country. Compared with the main roads in the Powai, inside roads are affected with potholes. Lack of parking space is a major problem on the Powai-Vikhroli stretch. While there are numerous BEST buses to the locality, the frequency of buses is very irregular that creates a traffic jam in the evening time.
6th May 2015

Hi evryone, How is the civic and social infrastructure of Powai?
Hi Vineet, The suburb has a totally developed civic and social infrastructure. It has several malls, a dance academy, mega stores and hospitals. It has several business and commercial establishments such as Deloitte, CRISIL and Bayer. IIT-Bombay and National Institute of Industrial Engineering are present in Powai. L&T too has a manufacturing plant in the suburb. Kensington SEZ is a well known IT/ITeS SEZ in the area, which houses several multi-national companies.
4th May 2015
Well Vineet, Some of the important infrastructure projects in the area as follows.1) Eastern Express Highway passes close to Powai. Other important roads include JVLR and LBS Marg, 2) Nearest suburban railway stations at Kanjurmarg (3.5 km) and Vikhroli (4.8 km), 3) Mumbai International Airport in proximity, 4) Presence of Kensington SEZ, IIT-Bombay, NIIE. SEEPZ SEZ in Andheri is just about 5 km away while Bandra Kurla Complex (BKC) is about 16.5 km away.
4th May 2015
Well Vineet, As of now, Skycity, developed around Mumbai International Airport will be in proximity to Powai. 2) BMC has floated a tender to clean up and rejuvenate the Powai Lake, and 3) Metro stations are planned in Jagruti Nagar, Marol and Saki Naka, all 4-5 km away.
4th May 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 everybody, What is a well-balanced view on the suggested changes to the Land Acquisition Act of 2013? Are experts and opponent right that these changes are anti-farmers? Or are farmers being misguide?
He all, But as per the current news, once again the introduction of the real estate regulator bill was delayed on Tuesday as the government said it was consulting all parties and would consider the demand by some Rajya Sabha MPs to send it to a select committee.
6th May 2015
Yes, as per the Samajwadi Party MP Naresh Agarwal, government had not consulted any other political party despite the fact that it had confident the House of the same. He also demanded that the bill cannot be referred to a joint committee since it is a property of the upper House.
6th May 2015
Further, Parliamentary affairs minister M Venkaiah Naidu said that he would like to consult political parties before taking a final view whether to refer it to the select committee or to do something else.
7th May 2015

Q: Hi! The Real Estate Regulation Bill, which was 1st presented by the UPA government in the Rajya Sabha in August 2013, was accepted by the Union Cabinet on 7th April 2015.
My replies to this discussion
Hello friends!!!! It means "Achche Din Aa gaye". Modi Govt is really doing a great job for this country. Currently, there are many builders who have to be controlled in and the current disciplinary action measures may not work as a sufficient defensive. So, the main objectives of the committee is to see how best they can protect the interests of helpless consumers from the high-handedness of powerful, unethical builders.Hello friends!!!! It means "Achche Din Aa gaye". Modi Govt is really doing a great job for this country. Currently, there are many builders who have to be controlled in and the current disciplinary action measures may not work as a sufficient defensive. So, the main objectives of the committee is to see how best they can protect the interests of helpless consumers from the high-handedness of powerful, unethical builders.
My comments to replies
Hello friends!!!! It means "Achche Din Aa gaye". Modi Govt is really doing a great job for this country. Currently, there are many builders who have to be controlled in and the current disciplinary action measures may not work as a sufficient defensive. So, the main objectives of the committee is to see how best they can protect the interests of helpless consumers from the high-handedness of powerful, unethical builders.
Now, the developers have to submit details of their projects, such as layout plan, apartment size, completion schedule and approvals received, on the regulatory authority's website and update it on a quarterly basis.
7th July 2015

Q: Hey, what offer is going on in Shreeji Harmony, Mulund West, Mumbai?
My comments to replies
Hi Guys, The builder is quoting Rs. 13000/sq-ft. for Shreeji Harmony. Is the quoted price reasonable? What is the current residential property rate is going on in the locality? I also heard that apart from the mentioned price there are some other hidden charges. Can you tell me what are those charges?
Hey Manish, The current residential property rate in Mulund West is Rs. 15500/sq-ft. adn you are saying that the builder is charging Rs. 13000/sq-ft. I can only say that the values may vary and depending on the location, infrastructure, amenities, facilities and other related issues. Some of the hidden charges that you may have to pay at the time of property registration are Service Tax - 3.708% i.e. equal to Rs. 587607, Other Charges (On Regn.) - Rs. 8000, Advance Maintenance Charges for 18 months - 153594 and Legal & Society Formation Charges - 5000, MSEDCL, Sub-station water charges - 110000.
11th May 2015
Hmm.......@Manish, It will be like 10% booking amount, Execution of agreement - 10% on completion of plinth, 6% on !st slab (within 30 days of token, on 2nd to 5th slab-6%, on 6th to 10th slab - 6%, on 11th to 15th slab - 6%, on 16th to 20th slab - 6%, on 21st to 23rd slabs with overhead tank - 6%, on masonry work - 6%, on internal plaster - 6%, on external plaster - 6%, on tiling and plumbing - 6%, on aluminum, painting & electrical work - 5% on compound wall & filing work - 5%, on compound walls & filing work - 2% and on possession - 3%.
11th May 2015

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
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?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?
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 Manilal, I am planning to buy a 2BHK flat and need information of Goldstar Decent Homes bu Goldstar Group. How much they are charging for floor rise and parking charges?
30th April 2015

Q: I am keen on buying a flat in Satra Residency, Khar West. Of a toal of 13 flats. there are 5 for sale. Do you know 1. if there is a problem in this building 2. Doe the building have an OC
My replies to this discussion
Hi Sunjay, You are going to invest a huge amount so, my advice to you that you should visit the developers office ask for all the legal documents, verify it by nearby municipal corporation, visit the project site, ask some flat owner of that society about the amenities and the facilities, about civic issues, water and electricity, connectivity, basic facilities nearby. In that way you will get the right information.Hi Sunjay, You are going to invest a huge amount so, my advice to you that you should visit the developers office ask for all the legal documents, verify it by nearby municipal corporation, visit the project site, ask some flat owner of that society about the amenities and the facilities, about civic issues, water and electricity, connectivity, basic facilities nearby. In that way you will get the right information.
My comments to replies
Hi Sunjay, You are going to invest a huge amount so, my advice to you that you should visit the developers office ask for all the legal documents, verify it by nearby municipal corporation, visit the project site, ask some flat owner of that society about the amenities and the facilities, about civic issues, water and electricity, connectivity, basic facilities nearby. In that way you will get the right information.
Hmm, And the most important point is that the flat is completed in 2008. Do you think that without occupancy certificate, flat owners would have taken the possession of their flats and till that local body will be silent. People of Mumbai have already aware about the Coca Cola Society incident.
5th May 2015

Q: I would like to purchase 1 bhk in beyond Thane area or in Navi Mumbai. My budget is 20 L. Can you please suggest where to Invest this amount. I would be contributing 7 L and rest would be loan. I am a salaried person.
My replies to this discussion
Hi Dipesh, As your budget is too low, you will not get any property in Thane but you can get the same in Navi Mumbai. Panvel, Karanjade, Roadpali, New Panvel, Khandeshwar are the locality which are offering 1BHK in Rs. 12-22 lacs omward.Hi Dipesh, As your budget is too low, you will not get any property in Thane but you can get the same in Navi Mumbai. Panvel, Karanjade, Roadpali, New Panvel, Khandeshwar are the locality which are offering 1BHK in Rs. 12-22 lacs omward.
My comments to replies
Hi Dipesh, As your budget is too low, you will not get any property in Thane but you can get the same in Navi Mumbai. Panvel, Karanjade, Roadpali, New Panvel, Khandeshwar are the locality which are offering 1BHK in Rs. 12-22 lacs omward.
Absolutely right Pradyuman, Panvel has a excellent connectivity with other parts of Mumbai. Major highways such as the Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4B and NH-17 start from this location. NH-4, which is the Bangalore Mumbai Economic Corridor also passes through the locality. The Sion-Panvel Expressway also connects the locality to the Mumbai International Airport.
6th May 2015
Apart from that there is a planned Navi Mumbai metro corridor from Vashi to Panvel. The much recognized Navi Mumbai International Airport too is coming up in the Kopra-Panvel area. These will make Panvel one of the most demanding areas in MMR. So, the area is best for investment as well as for the end use.
6th May 2015

Q: Hi, i heard that most of the 2.5/3 BHK have been sold out. What are the option available now and what are it's sizes?
My replies to this discussion
Hi Shaunak, Hiranandani Estate Canary by Hiranandani Developers located at Patlipada, Thane West offers 2.5 and 3BHK residential apartments. It's sizes are (carpet area) 846 sq-ft in 2.5BHK and 993 sq-ft. in 3BHK. And the built-up are would be 1125-1320 sq-ft.Hi Shaunak, Hiranandani Estate Canary by Hiranandani Developers located at Patlipada, Thane West offers 2.5 and 3BHK residential apartments. It's sizes are (carpet area) 846 sq-ft in 2.5BHK and 993 sq-ft. in 3BHK. And the built-up are would be 1125-1320 sq-ft.
My comments to replies
Hi Shaunak, Hiranandani Estate Canary by Hiranandani Developers located at Patlipada, Thane West offers 2.5 and 3BHK residential apartments. It's sizes are (carpet area) 846 sq-ft in 2.5BHK and 993 sq-ft. in 3BHK. And the built-up are would be 1125-1320 sq-ft.
Hello Shalini, Yes, the construction work has almost completed and they are giving it's possession in June-2015. A 2.5 BHK will cost to you Rs. 1.86 Cr. all including.
11th May 2015
Well Shalini, Yes, it is right that they have split one flat in to two and the flats are small a bit compared to the other 3BHK flats available in the locality. Here i am giving the details of Flat No-1803 which is split in to Flat No-1807 and 1808 sq-ft. and it's carpet area will be 845.59 sq-ft. Other charges like Stamp duty - 5%, registration charges - 30000 and VAT - 1%
11th May 2015

Q: Hi, can anybody provide me the details of this project?
My comments to replies
Hi Mansoor, One Discovery by Nirmal lifestyle is a branding name of One Mumbai, located at Mulund West, Mumbai. It offers only 2BHK in 1140 sq-ft. and it's price will be Rs. 1.7 crore all exclusive. It enjoys easy connectivity as well as the convenience of some of the finest social infrastructure in the central suburbs. It is a G+34 storeys apartment consists 3 towers and sprawling over 7 acres of land.
Hey all, What will be the booking amount of 2BHK in One Discovery by Nirmal Lifestyle in Mulund West, Mumbai?
20th May 2015

Q: As per the Mumbai Police, "no police NOC'" is required to rent out your house to anyone.
My replies to this discussion
Thanks all for sharing such a useful information, Is there any format for submission of information? Which all information one has to share before rent out property?Thanks all for sharing such a useful information, Is there any format for submission of information? Which all information one has to share before rent out property?
Q: What is the maximum rate of plot in Navi Mumbai as off today?
My comments to replies
True Abhishek, As per latest news, Shree Saawan Builders has bought a plot in Nerul, Navi Mumbai from CIDCO for a record Rs 45 crore. The cost of land in Navi Mumbai has been climbing new heights since the announcement of a number of infrastructure projects, specially the Navi Mumbai International Airport.
Great deal Haushik, Do you have any updates on price? What was the cost of land per square meter sold to developers Shree Saawan Builders and the seller?
29th May 2015

Thanks Kaushik, How many developers were participated in bid and who quoted the maximum? What was the size of the plot? Had CIDCO invited online application for this bid?
Hi Kaushik, I heard that they received 82 applications for the plots. The Nerul plot which is located at plot number 71 at Sector 44A, was sold at a record price through their bidding process. The other five plots have also been sold at over Rs 2 lakh/sq-mt. The minimum base price of the residential-cum-commercial plots was Rs54260/sq-mt and that for the commercial plot was Rs 51200.
29th May 2015

Q: seallink properties in ranjanpada, does any one knows about this builder and project

My replies to this discussion
Hi Sarika, I think Sea Link Properties are not developer they are real estate agents. And if i am not wrong they deals in plot of Rajanpada. If you know the project name, kindly mention as it help a lot to give you the right information.Hi Sarika, I think Sea Link Properties are not developer they are real estate agents. And if i am not wrong they deals in plot of Rajanpada. If you know the project name, kindly mention as it help a lot to give you the right information.
Q: I'm seriously planning to book flat in JP Decks. 1) Which view flat is best ? Dindoshi Mountain (South East) or Aarey (South West) or North Mumbai (North West) or National Park (North East) ? 2) How's that area (Dindoshi High Court) in terms of Local Amenities, Locality etc 3) How's Builder reputation in terms of delivering project on time, quality of project is same as promised in brochures etc 4) What's best price per sq ft for this project go for ? 5) Builder promised Dec 2016 delivery, is it possible? or will be delayed further ? 6) This project seems to be running since 2011, so is that an issue ?

My replies to this discussion
Hi everybody, How is the locality of Goregaon East? How far is nearby railway station and airport form the project site?Hi everybody, How is the locality of Goregaon East? How far is nearby railway station and airport form the project site?
Q: Hi invested in this project 2 years back no communication from builder in terms of updates regarding project , very pathetic crms who have no clue about the project permissions etc people facing same problem let's get in touch , a lot of losses faced by all who have invested in this Chittaranjan 9819691265
My replies to this discussion
Hi Dimple and Chittaranjan, Can any one please suggest me what is a best way to go for cancellation ? Will legal procedure will help here ? Since builder is ready for cancellation but threatening for 4% deduction. I know that getting money out from builder is extremely tough.Hi Dimple and Chittaranjan, Can any one please suggest me what is a best way to go for cancellation ? Will legal procedure will help here ? Since builder is ready for cancellation but threatening for 4% deduction. I know that getting money out from builder is extremely tough.
Q: Which localities in Mumbai are going to be Smart Cities?

My replies to this discussion
Good Morning Dwarkesh, Bandra Kurla Complex (BKC), Dholera, Shendra-Bidkin (Aurangabad) etc. are some of the important locality which were announced to be the Smart Cities in West India. the central government is currently focusing on creating smart cities across the country highlighting various strengths of a city such as heritage, industries and universities among others.Good Morning Dwarkesh, Bandra Kurla Complex (BKC), Dholera, Shendra-Bidkin (Aurangabad) etc. are some of the important locality which were announced to be the Smart Cities in West India. the central government is currently focusing on creating smart cities across the country highlighting various strengths of a city such as heritage, industries and universities among others.
My comments to replies
Good Morning Dwarkesh, Bandra Kurla Complex (BKC), Dholera, Shendra-Bidkin (Aurangabad) etc. are some of the important locality which were announced to be the Smart Cities in West India. the central government is currently focusing on creating smart cities across the country highlighting various strengths of a city such as heritage, industries and universities among others.
Thanks Santosh, Which is the most common housing units available here and the average property value per square foot? Which are the well known developers in the surrounding areas?
26th June 2015

Q: Hi, Is it good to enter at 14k psf right now for Vidyavihar west. How good is it compared to tilaknagar chembur in terms of connectivity, appreciation & future rental value
pinky

My replies to this discussion
Well Pinky, According to me, Chembur is a good locality and has excellent connectivity than Vidyavihar West. There are monorail and local trains and is also near the highway and airport. The Eastern express highway and the Tilak nagar railways station are very near. Broad roads and widening flyovers have made Chembur even more accessible. So, the area is far better than the Vidyavihar.Well Pinky, According to me, Chembur is a good locality and has excellent connectivity than Vidyavihar West. There are monorail and local trains and is also near the highway and airport. The Eastern express highway and the Tilak nagar railways station are very near. Broad roads and widening flyovers have made Chembur even more accessible. So, the area is far better than the Vidyavihar.
Q: I am buying a resale flat in mira road. I have a question where and how to pay LBT for the resale .? Whether it has to be paid with Stampduty through Gras online ie 6% STamp duty and 1% registration or the 1 % LBT to be paid seperate after registration

My replies to this discussion
Hi, Yes, you will have to pay 1% LBT even if ur buying a resale flat. Yow will have to pay 6% stamp duty on the market value of the property and 1% as a registration charges. You can pay it to the sub-registrar offices across the State.Hi, Yes, you will have to pay 1% LBT even if ur buying a resale flat. Yow will have to pay 6% stamp duty on the market value of the property and 1% as a registration charges. You can pay it to the sub-registrar offices across the State.
Q: Why fixed deposit in bank won't make us reach?
My replies to this discussion
Hi Bulbul, How can investors make money investing in equities?Hi Bulbul, How can investors make money investing in equities?
Q: Lodha Developers has opened booking for the pre-launch of its latest development in Prime Central Thane.

My comments to replies
As per the Lodha Developers, they are very pleased to receive over 1500 application in one day. It shows that the buyers have confidence in their developments and their brands. And they promised that they look forward to this growing interest so that the maximum number of people can take advantage of this great opportunity. .
Apart from that, the location has gained popularity in the recent times for multiple reasons, especially its scenic beauty, and better social and hard infrastructure. The government's planned focus on making significant improvements in the region denotes Thane's importance towards uphold growth in the country.
1st July 2015

Q: How is Crescent Bay L&T Parel as an investment? WHAT WOULD BE A Correct rate per sq foot for this Property and Ruparel Ariana? Which would appreciated better in 3 to 4 years from now?
My replies to this discussion
Hi Ramji, The current residential property rate in the Parel is between Rs. 21000-28000/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues. Seeing the locality price, i would like to say that you should go with Ruparel Ariana. You are getting it on a good price i.e.18000/sq-ft.. Both the project can offer you good appreciation.Hi Ramji, The current residential property rate in the Parel is between Rs. 21000-28000/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues. Seeing the locality price, i would like to say that you should go with Ruparel Ariana. You are getting it on a good price i.e.18000/sq-ft.. Both the project can offer you good appreciation.
My comments to replies
Hi Ramji, The current residential property rate in the Parel is between Rs. 21000-28000/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues. Seeing the locality price, i would like to say that you should go with Ruparel Ariana. You are getting it on a good price i.e.18000/sq-ft.. Both the project can offer you good appreciation.
But remember one thing, don't go on brand name. Check all the legal approvals and verify it by local Municipal. Better check the paper with the help of a legal expert because in the absence of approvals, a project get stuck in the middle. Secondly, read all the clauses mentioned in the sale deed, they might add some extra cost in future.
8th July 2015

Q: I WOULD LIKE IF ITS WORTH INVESTING IN Ruparel Ariana and L&T Crescent Bay. WILL THE PROPERTIES in 3 to 4 years time? What would be the current rate per sq foot for each flat?
My replies to this discussion
Hi Ramji, Ruparel Ariana by Ruparel Realty located at Jerbai Wadia Road, Dadar Naigaon, Parel, Mumbai. It offers 2/3BHK residential flats from 1250-1900 sq-ft. and it's current price is Rs. 18000/sq-ft. A2BHK will cost to you Rs. 2.25 crore. Whereas, L&T Crescent Bay by L&T Realty offers 2/3/4 BHK residential flats form 1320-3910 sq-ft. and it's current price is Rs.26515/sq-ft. And a 2BHK will cost to you Rs. 3.50 crore.Hi Ramji, Ruparel Ariana by Ruparel Realty located at Jerbai Wadia Road, Dadar Naigaon, Parel, Mumbai. It offers 2/3BHK residential flats from 1250-1900 sq-ft. and it's current price is Rs. 18000/sq-ft. A2BHK will cost to you Rs. 2.25 crore. Whereas, L&T Crescent Bay by L&T Realty offers 2/3/4 BHK residential flats form 1320-3910 sq-ft. and it's current price is Rs.26515/sq-ft. And a 2BHK will cost to you Rs. 3.50 crore.
Q: Planning to invest in Oyster Living Divino project in Dahisar (East). Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability.
My comments to replies
As far as locality is concerned, it is close to Sanjay Gandhi National Park, located near Western Express Highway, 5 mins walk from Dahisar Railway Station, hospital and clinics located within the radius of 2.3 kms, renowned schools & colleges are sited near the Oyster Living. The price is very much competitive and location wise it is good. Right now they are saying that they have a clear title for construction that is why they have put up hoardings . I did not see any papers for this.
Well Anuj, Do you know the apartment sizes available in 2BHK and its price? Is there any floor rise charges?
29th July 2015
Thanks Abhinands, What is the rate per square feet for th Divino, Dahisar East? When are they giving possession of this project? How much i have to pay for 2BHK flat for booking?
29th July 2015

Q: Hi, any updates on Balaji Dream City, New Panvel.
My comments to replies
How is growth and plan for Panvel matheran raod?
Hi Santosh, According to experts, it does make good sense to buy property in Ulwe in the present scenario. However, it is ideal for a buyer to opt for under-construction projects that are in early stages because by the time these projects are ready the supporting civic and social infrastructure would also have completed.
6th August 2015

Any one pls updated about Balaji Modern city project its comes under NANA/CIDCO, when going to start construction pls updated if any one booked there.
Hi Pavan, Balaji Modern city is a CIDCO approved project and construction work is going on. Contact the developer or visit the project site for latest updates.
2nd December 2015

Q: I am planning to buy property in Palghar should i wait for REIT Is REIT going to help investor in property

My comments to replies
Good Morning Suresh, India needed REIT as there is a slowdown in market, and real estate industry is starving for capital. If REIT comes, will help generate liquidity, and push real estate, infrastructure and construction industry to regain their activities. Secondly, lot's of fraud cases have seen earlier such as delay possession, insufficient fund to start the project, change of floor plan, hidden charges for the property which disappoint buyers. Sometimes a buyer has to wait more than 5 years for getting possession. And if you choose the legal path then it will take another 5 years to get your property back.
Right Abhi, If REITs comes in India, ensure transparency as investors know what is being bought, including the property's current value. They also have a realistic income expectation from their investment. It offers approachability to invest in real estate for those who find it difficult to buy real estate as an investment option. It invests money obtained from investors directly in real estate, either through properties or via mortgages.
17th August 2015

Q: Commonfloor team actually since i out of India from long time so don't have any details about that when Neptune Group is going to provide the possession for Neptune 100 Above. Kindly provide me all the details asap it'll be very great from your side.
My replies to this discussion
Hi Jithin, I heard that they are giving possession of Neptune 100 Above by June,2018.Hi Jithin, I heard that they are giving possession of Neptune 100 Above by June,2018.
My comments to replies
Jithin Neptune Group is going to provide possession by June 2018
Right Rahul, They are going to start the construction of Plinth and Foundation work by July, 2015 and floor construction would commence thereafter. As of now they did not start any kind of work on site. Those who have booked since last few years are holding to their investment.
4th September 2015

Q: I am looking for 2 BHK in Palghar for investment Hos is nakshatra by haware in palghar west

My comments to replies
THank you so much guys...I am first time buyer it will help me lot
You will be glad to know that the Mumbai Metropolitan Region has also received signal from the Authority to the road development work estimated at Rs 60.61 crore in areas such as Palghar, Kalyan, Ambarnath, Karjat and Kulgaon-Badlapur. This will really help a lot to boost the real estate market in those areas.
1st September 2015

Q: The Maharashtra government has appointed 10 senior IAS officers to mentor each of the 10 cities in the state that have been selected for the Centre's "Smart City" project.

My comments to replies
Yes, the decision to appoint a mentor for these 10 cities has been taken keeping in mind that these places will be contending with other 90 cities from across the country to become a "Smart City". Mumbai, Thane, Navi Mumbai, Kalyan-Dombivli, Pune-Pimpri-Chinchwad, Nashik, Nagpur, Amravati, Solapur and Aurangabad are the 10 cities from Maharashtra selected for development as smart cities.
Now cities have to prepare their plan in a way that it remains in the competition till the end, experienced and senior bureaucrats have been appointed as mentors for each of the 10 cities. This is the only reason, Chief Minister Devendra Fadnavis has taken care to make sure that the bureaucrat has in depth-knowledge of the city concerned and is aware of its need.
8th September 2015

Q: What legal steps i can take against the builder or for knowing the OC status.

My replies to this discussion
Good Morning Vishal!!!! There must be some date by which the builder is obliged to give you occupancy certificate. If that date is there, talk about this to your builder. If it is being delayed intentionally without any reason, you send him legal notice. About his interest delaying the occupancy certificate, he may be looking for an opportunity to get additional money in one or other form.Good Morning Vishal!!!! There must be some date by which the builder is obliged to give you occupancy certificate. If that date is there, talk about this to your builder. If it is being delayed intentionally without any reason, you send him legal notice. About his interest delaying the occupancy certificate, he may be looking for an opportunity to get additional money in one or other form.
Q: The purchase of Lincoln House take place when home prices in Mumbai are starting to drop.

My comments to replies
Yes, Former maharajah's residence in Mumbai that most recently had belong to the U.S. consulate. The owners of Asian's largest maker of vaccines may visit it on Saturdays and Sundays. They always visited Mumbai on the weekends. It tooks 4 hours to reach Mumbai from Pune.
It is true Vineet....... @Vineet, At the same time it is also notable that in a city like Mumbai, you probably won't get an opportunity like this in the next 10 to 20 yrs. To get a 2 acre plot in a city like Mumbai is really impossible. As per Poonawalla, the decision to buy Lincoln House was not a business one. That is why they finished the first negotiations in 2-3 hrs, Actually they don't want to get into a bidder war. They have casually look around he Lincoln House.
21st September 2015

Hi Vineet, It is also come to hear that the family is also investing in a 90 acre island in the Maldives with another Pune based developer, The project, which will cost about $110 million, will include a Bulgari resort. The family might also build townships in Pune, where it has about 400 acres of land.
Right Deepti...... According to the Bloomberg Billionaires Index, the elder Poonawalla has $8.5 billion in assets, including India's largest stud farm that making him the country's 7th richest person. The net worth of Indian billionaires continues to grow and they want to celebrate their life and financial success.
21st September 2015
Well Deepti..... Mumbai based Piramal Fund Management Pvt. expected that prices may fall as much as 20% over the next year as record high prices dip demand between a excess of supply. But at the same time the property prices may be worth 3-4 times his purchase price in 10 years.
22nd September 2015

Q: Real Estate developers hope that 0.50% rate cut by Reserve Bank of India will change into sales and thus minimize on piled up housing inventories.

My comments to replies
Yes, the repo rate cut by the central bank could signal the beginning of the change for real estate industry that has been hit by slowing sales and a huge liquidity crisis over the past 2 yrs.
Developers were in doubt that home sales will get a big push before the festive season later in the year but now they are very much confident after the Reserve Bank of India's repo rate cut. This move could lift the sentiment.
30th September 2015

This move will really comfort the load on the buyers and developers. They will be hopeful now that with this interim announcement of rate cut the banks will take the reminder and pass on the benefits to the end user which will give rise to the demand and pull of housing ahead of the festive season.
This move will not only help developers start more projects at favorable capital but also create vast offerings benefiting home buyers. Both these rates have not come down in addition with the reduction in repo rates and there is still a large gap between the same. The large gap should not be used by banks to manage their NPAs, defaulting promoters should be brought to book and instead the reduction should be passed on to where is it actually intended and required.
30th September 2015

Q: Crisil Ratings told in a report that about 5100 km of under construction highway projects worth Rs. 67200 crore are under high risk.

My replies to this discussion
Right Abhishek, Apart from this, 2400 km operational BOT projects worth Rs 25800 crore are at high risk mainly due to weak financial profile of sponsors and inability to service debt. Around 7500 km of highway projects, including 5100 km under construction and 2400 km operational, awarded mostly between fiscals 2010 and 2012 on a build, operate, transfer basis are at high risk today.Right Abhishek, Apart from this, 2400 km operational BOT projects worth Rs 25800 crore are at high risk mainly due to weak financial profile of sponsors and inability to service debt. Around 7500 km of highway projects, including 5100 km under construction and 2400 km operational, awarded mostly between fiscals 2010 and 2012 on a build, operate, transfer basis are at high risk today.
At present, construction projects require equity and cost overrun support of around Rs 28500 crore over the next 2 yrs. Of this, about Rs 16000 crore could be stumped up from internal accrual of sponsors and sale of stake at the special purpose vehicle level. That leaves a significant decline of Rs 12500 crore.At present, construction projects require equity and cost overrun support of around Rs 28500 crore over the next 2 yrs. Of this, about Rs 16000 crore could be stumped up from internal accrual of sponsors and sale of stake at the special purpose vehicle level. That leaves a significant decline of Rs 12500 crore.
Q: Can anybody explain the term Encumbrance Certificate?

My replies to this discussion
Remember, While an EC may give the details of the encumbrance on a property, there are certain documents that are exempt from being registered at the sub-registrars office. As such, these will not appear in the EC. Hence, it is advised that the buyer obtains both the EC and possession certificate as a proof of complete ownership of the property.Remember, While an EC may give the details of the encumbrance on a property, there are certain documents that are exempt from being registered at the sub-registrars office. As such, these will not appear in the EC. Hence, it is advised that the buyer obtains both the EC and possession certificate as a proof of complete ownership of the property.
Q: This is Ask Groups' largest ever investment till date and has committed the amount from two of its domestic funds.

My replies to this discussion
Through its Real Estate Business Ask Group, manages funds under management of Rs 3300 crore and has committed Rs 2000 crore in 19 projects.Through its Real Estate Business Ask Group, manages funds under management of Rs 3300 crore and has committed Rs 2000 crore in 19 projects.
Q: I am looking to buy a 2 or 2.5 BHK in Rustomjee Elanza. Please let me know if it is available and who I should contact.

My replies to this discussion
Hi Suhail, There are two 2.5BHK (1300-1350)sq-ft. is available for sale in Rustomjee Elanza, Malad West, Mumbai. For more information of this flat plz. click the link Rustomjee Elanza, Malad West, MumbaiHi Suhail, There are two 2.5BHK (1300-1350)sq-ft. is available for sale in Rustomjee Elanza, Malad West, Mumbai. For more information of this flat plz. click the link Rustomjee Elanza, Malad West, Mumbai
Q: Bombat High Court said that slum rehabilitation scheme cannot be implemented on a large plot of land near the Juhu aerodrome without the Airports Authority of India's permission.
My comments to replies
But in earlier hearing Jagtap's advocate, Sushil Upadhyay told the court that the builder had entered into individual agreement with with residents for implementing the redevelopment scheme. But Cosmos' advocate, Cherag balsara questioned Jagtap's honesty, saying in his reply Jagtap had mentioned that other builders were not given a chance.
But as per AAI's advocate, it has not granted any permission to the developer and the land is required for its use. While Balsara is saying that only consent agreements were obtained and added that it will not implement the scheme without the AAI's no objection certificate.
6th January 2016

Q: This move will lead to rolling out projects worth crores of rupees involved in about 2000 cases.

My replies to this discussion
Hi everybody, Because of the increased compensation, NHAI last week has speed up the work of Eastern Peripheral Expressway, which was held up due to land acquisition problems on the Palwal side .Hi everybody, Because of the increased compensation, NHAI last week has speed up the work of Eastern Peripheral Expressway, which was held up due to land acquisition problems on the Palwal side .
Q: Hi Sir, I am looking for property in Kandivali. There is a project of Ruparel Reality west park (code name). They are offering 2 BHK under 1 cr and provide possession end of Dec 2018. This is a SRA project and they don’t have IOD till now. I am end user and this will be our first property. Is this good to book the flat basis of builder commitment? What is the reputation of the Ruparel in market ?

My replies to this discussion
Hi Nitin, Don't by any such property which has no approval. IOD is an important document to start the construction work. If you are buying such properties you have to wait for long year to get possession of you home. Thanks....Hi Nitin, Don't by any such property which has no approval. IOD is an important document to start the construction work. If you are buying such properties you have to wait for long year to get possession of you home. Thanks....
Q: Can anyone living in Lodha Splendora share their experience?
My replies to this discussion
Hi friends!!!! It is a business practice my dear. Developers & Builders speak to the customer sweetly only before booking but after booking you are finished. It is for sure that you will get your flat possession after 1-2 yrs delay. At the time of booking they will not explain you the clause and when you cancel your booking, the refund will be done as per them.Hi friends!!!! It is a business practice my dear. Developers & Builders speak to the customer sweetly only before booking but after booking you are finished. It is for sure that you will get your flat possession after 1-2 yrs delay. At the time of booking they will not explain you the clause and when you cancel your booking, the refund will be done as per them.
Q: I have booked a flat in an under-construction redevelopment project in Mumbai. Its a 17 floor tower but at the time of booking they had CC only till 12th floor and they had applied CC again for further floors. My flat is on 4th floor, its been almost 7 months but they havent still got the CC while the construction work is stalled as 12th slab is completed. Just last month builder said, he has got a new IoD for all floors and CC will e issued soon. My query is, does builder get CC in parts or there might be some issue with the permission for upper floors? And does IoD needs to be reapplied because he already had the IoD earlier when he started the construction.

My comments to replies
Hi Mukesh, The IOD approval and demolition of the building will be followed by the issue of the CC (plinth level) by the MCGM which shall enable the Developer to start the construction work and after the plinth lines are verified by the MCGM officers, the further CC is granted for the complete building.
Right Anuj, Whereas as after the TDR is loaded, the IOD is obtained from the MCGM, the Developer then starts fulfilling all the conditions as mentioned in the IOD before obtaining the Commence Certificate. If you are talking about the Completion Certificate then i would like to tell you that a completion certification is an important and mandatory legal document attesting to the fact that a new building has been constructed and completed according to all the safety norms and regulations of the Buildings Act. A mandatory no-objection certificate issued by the local development and municipal authorities.
18th May 2016

Q: Hiranandani Fortune City is New Launch Project In Mumbai. Which is Offers 2/3 BHK Residential Apartments with Modern Amenities. Visit : http://www.hiranandanifortunecitypanvel.in/
Vinay

My comments to replies
Thanks Pradyuman.... What will be the cost of a minimum size of 2BHK? Have they got Occupancy Certificate? When is the project possession date?
Sizes of BHK are available from 1080-1405 sq-ft. and it's current price is Rs. 6000/sq-ft. A 2BHK will cost to you Rs. 64.8 lacs onward. This project is still under construction and a under construction project don't get Occupancy Certificate. Expected date of possession will be 2019 end.
24th May 2016

Q: I just want to know What are the process charges for the Resale Flat. are they necessary Stamp Duty - OK Registration Charges - OK LBT/VAT - OK Legal Charges - Ok Transfer Charges - Taken care by the seller (?) NOC Charges- ??? & What % is the NOC charges please help to clearify

My comments to replies
Hi friends, Maharashtra ends system of NOC. Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. housing department has made it clear that such NOCs are not required under any law and should not be insisted upon.
Yes, be careful. As per notification of Maharashtra Ownership Flats Act - Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed.
27th May 2016

My replies to this discussion
Hi Monika, If you have any information on Parinee Adney & Parinee Almog projects in Borivali West, please share the same. How is the reputation of the builder & any specific information on Almog will be useful?Hi Monika, If you have any information on Parinee Adney & Parinee Almog projects in Borivali West, please share the same. How is the reputation of the builder & any specific information on Almog will be useful?
Q: I am planning to buy a Mhada 50 year old resale property. The flat was allotted to the owner by MHADA in 1966 and after that there has been no transaction and recently he passed away and the registered society has transferred the flat to her daughter's name on basis of nomination form. Society has conveyance from Mhada. What all documents should I ask from the person on who's name share certificate is issued currently by the society and is she the legally allowed to sell the house ?

My comments to replies
Mansoor has provided very useful information on MHADA Resale flat buying. Apart from that agreement of sale to be made, Stamp duty and Registration charges(about 35000) to be pauid, registration to be done on your name by going to Sub registrar office (You and buyer will need Photo ID and PAN Card, passport Photo) two witness with Photo ID and photo (Many Agents do the Registration work and they will let you know you the more and it is easy through them, they charge about 4 to 5 thousend). Once registration is done legally you become the owner but for Mhada Flat you also need Mhada Flat transferred on your name by MHADA.
And for MHADA Transfer of your property, you have to fill up the form from MHADA and official fees around 35000 DD to be paid, copy of Registration to be attached. if your are going directly for MHADA transfer after Registration then it may take 6 month but if you go through Mhada Agent then it can be done in 15-20 days( you have to pay the bribe to Mhada agent about 15 to 25 thousands)
8th June 2016

My replies to this discussion
Hi Wajapay, Now-a-days it is very easy to check the builders credentials. Type the builder name in google and you will find out many reviews either related to their project or their delivery history. Sai Estate Consultants are not the big name in Mumbai Real Estate market but their delivery and on time delivery history are good enough. Sai Estate Consultants began in 1988. Over the last 24 years, the organization has built a reputation of being one the most reliable and trustworthy real estate companies operating in Mumbai. Currently they are two ongoing projects namely Sai Estate Roswalt Heights-Chembur and Sai Estate Rayan Park-Chembur in the market.Hi Wajapay, Now-a-days it is very easy to check the builders credentials. Type the builder name in google and you will find out many reviews either related to their project or their delivery history. Sai Estate Consultants are not the big name in Mumbai Real Estate market but their delivery and on time delivery history are good enough. Sai Estate Consultants began in 1988. Over the last 24 years, the organization has built a reputation of being one the most reliable and trustworthy real estate companies operating in Mumbai. Currently they are two ongoing projects namely Sai Estate Roswalt Heights-Chembur and Sai Estate Rayan Park-Chembur in the market.
My replies to this discussion
Hi friends!! I can only tell you that if you have enough money and want to throw away then go for this builder project. Their are projects have some issues. They never deliver their project possession on time. Please have faith in the judiciary system. Do not hesitate to take the legal routine if needed. Do not fall for false promises that are made by these builders. It is your hard earned money and the only way you can fight your battle against builders like Nirmal is by taking the legal route.Hi friends!! I can only tell you that if you have enough money and want to throw away then go for this builder project. Their are projects have some issues. They never deliver their project possession on time. Please have faith in the judiciary system. Do not hesitate to take the legal routine if needed. Do not fall for false promises that are made by these builders. It is your hard earned money and the only way you can fight your battle against builders like Nirmal is by taking the legal route.
Q: What are the BHK configuration available in it and it's price all including?

My comments to replies
Hi all, I am looking for a 2BHK flat in Godrej Emerald, Ghodbunder Road, Thane. This could be my first ever investment in Thane so i would like to know more about the location advantage and its connectivity to the other parts of the MMR?
@Manisbapu, Thane West is one of the well-developed localities in Mumbai and a perfect choice for real estate investment.It is only 4.3 kms (7-min drive) from Eastern Highway and 5.1 kms from the Ghodbunder Road Railway Station. It is very close proximity to NH-3 & NH-4 and enjoy good connectivity with the rest of the Mumbai. Buses provided by BEST, NMNT and TMT travel to major areas like Thane, Vashi and Wadala. Apart from trains and buses, auto-rickshaws and taxis also operate in huge numbers. There are many reputed schools located in and around Thane West. These include Merry Angels International School, D.A.V Public School and Euro School, among others. Lake City Mall is just a 4-minute drive from Thane West while Viviana Mall is a 6-minute drive away. Apart from that, many banks, ATMs and eating outlets are with in 500 mtr radius.
6th December 2016

Q: Located in the heart of Mumbai, Royal Palms is the perfect living option for my family. We love a place that has an equal amount of greenery in it, and Royal Palms is definitely providing it. We love this place and plan to live here for a long time.

My replies to this discussion
Hi friends!! I would like to tell you that do all your due diligence before buying any of property from Royal Palms India Pvt. Ltd. There are lot's of bad reviews against this developer of cheating buyers.Hi friends!! I would like to tell you that do all your due diligence before buying any of property from Royal Palms India Pvt. Ltd. There are lot's of bad reviews against this developer of cheating buyers.
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 replies to this discussion
Hi, It is a trick which is played by most of the builders to trap innocent buyers. During your conversation with the builder they easily find out your thrust of buying and he will start showing you a fake list of the booked flats saying that all the flats have been booked only one left so that you may think that i am little bit late, i should have booked earlier. Once you will show your interest in their project, they will trap you easily.Hi, It is a trick which is played by most of the builders to trap innocent buyers. During your conversation with the builder they easily find out your thrust of buying and he will start showing you a fake list of the booked flats saying that all the flats have been booked only one left so that you may think that i am little bit late, i should have booked earlier. Once you will show your interest in their project, they will trap you easily.
Q: LNT Realty Kandivali is renowned name of real estate market which provides expensive range of facilities in his apartment. The construction of every project is very carefully by this group and in recent time they have given number of real estate project with top class amenities. L&T Realty Kandivali Facility Location-Kandivali, Mumbai Area-18.18 Acres Total Apartments-1620 Number of Blocks-7 Number of Floors-G+14 Unit Types- 1, 2, 2.5 & 3 BHK Apartments Area Range-655sft-1527sft

My replies to this discussion
Hi priyanka!! I am interested in 2BHK flat in Kandivali, Mumbai. What will be the price of a 2BHk flat all including? And what are the other charges like maintenance charges, car parking? I want more information on it. ThanksHi priyanka!! I am interested in 2BHK flat in Kandivali, Mumbai. What will be the price of a 2BHk flat all including? And what are the other charges like maintenance charges, car parking? I want more information on it. Thanks
Q: I need some information of this project as i am looking for a 2BHK flat in Oshiwara, Mumbai?

My comments to replies
Hi, BBJ Oshi, Oshiwara, Jogeshwari West is a BMC approved project and IOD and CC are in place. Banks such as HDFC, LIC HFL, ICICI, SBI have approved it. Currently, this project is under construction.
Hi Anirudh, Are you a local resident of this area or a buyer of this project? How is the real estate market of Oshiwara? Can you give some insights of the locality? How is the social and physical development in the locality?
9th January 2017

My replies to this discussion
Hi Afsar, LNT Realty Property Development Company is a leading construction company in India. They have completed many residential and commercial project in Mumbai & many other cities of India. They have recently launched a project called L&T Realty Worli. The flats are very spacious, well planned and possess all the modern fitting one required.Hi Afsar, LNT Realty Property Development Company is a leading construction company in India. They have completed many residential and commercial project in Mumbai & many other cities of India. They have recently launched a project called L&T Realty Worli. The flats are very spacious, well planned and possess all the modern fitting one required.
My replies to this discussion
Hi, Residential property rates in Matunga, Mumbai is Rs.24000-45000/sq-ft. but again it depends on the locality and and the amenities provided by the builders. Price also differ from floor rise and site view.Hi, Residential property rates in Matunga, Mumbai is Rs.24000-45000/sq-ft. but again it depends on the locality and and the amenities provided by the builders. Price also differ from floor rise and site view.
My replies to this discussion
Hi Nitin, Rashmi Residency is offering 1BHK flat in 515 sq-ft. at the rate of Rs.4850 per sq-ft. It will cost you around Rs.25 Lakh.Hi Nitin, Rashmi Residency is offering 1BHK flat in 515 sq-ft. at the rate of Rs.4850 per sq-ft. It will cost you around Rs.25 Lakh.
My replies to this discussion
HI Minal, What is your BHK configuration and which locality are you looking for? Are you looking for any specific project or developer? There are numerous projects in Mumbai and almost all are luxury.HI Minal, What is your BHK configuration and which locality are you looking for? Are you looking for any specific project or developer? There are numerous projects in Mumbai and almost all are luxury.
My replies to this discussion
Hi, Are you planning to buy a flat in Piramal Revanta? What is your budget and BHK configuration? To get more details of this project, click this link Piramal Revanta, Mulund West, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you planning to buy a flat in Piramal Revanta? What is your budget and BHK configuration? To get more details of this project, click this link Piramal Revanta, Mulund West, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: Is it good to buy a plot there, if yes than what are the documents I ask from the saler? asap.

My replies to this discussion
Hi Sudhir, I have purchased 1 Ghunta plot from them at Rs.475000 out of which I paid Rs.285000 and paid stamp duty 30000 in cash last year and now only my sale deed is pending due to some problem from my end. Rest is ok. Ask for all the above mentioned documents and verify it by a legal expert and then go for it.Hi Sudhir, I have purchased 1 Ghunta plot from them at Rs.475000 out of which I paid Rs.285000 and paid stamp duty 30000 in cash last year and now only my sale deed is pending due to some problem from my end. Rest is ok. Ask for all the above mentioned documents and verify it by a legal expert and then go for it.
My replies to this discussion
The implication of GST on construction materials le the builders to lower their property price slightly not as expected. Buyers who thought that after demonetization and RERA implication, prices of the property will be lowered but after implication of GST, the builder has to pay more for construction materials which leads the property prices constant across India.The implication of GST on construction materials le the builders to lower their property price slightly not as expected. Buyers who thought that after demonetization and RERA implication, prices of the property will be lowered but after implication of GST, the builder has to pay more for construction materials which leads the property prices constant across India.
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