Rajatrawal, Mumbai
My comments to replies
The work on the project is at a complete standstill. The flat/shop purchasers have formed an association the Meadows Owners Welfare Association to interact with the builder and take necessary steps for welfare of the flat/shop purchasers. All flat / shop purchasers are requested to contact Deepak Trivedi and become members of the association. A united front will be helpful against the builder.
Right Ashish, The approval process has become indescribable lengthy, tedious, unpredictable and depends on the whims of individual officers. Getting approvals has become a major problem for builders and has increased the interest cost not just of the builders but also of consumers. Because of that Maharashtra Govt. has to take few necessary steps against the approval process. You might aware of that.
30th October 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.
Right Ketal, Why people go for such project? While then can simple get all the information from the local bodies and the alliance banks about the fact of the project. They can also get lot's of threads and discussion on the net about the related project.
12th May 2015

My personal suggestion from past experience, don't invest your money in lodha palawa project.there current project are running late and every other day you will get news of there new launch .in casa project funny thing is you can't check the progress of your flat ,relationship manager will send you some snaps of your flat that also once in 3 months .
I totally agree with the above post of Rahul...... This appears to be the most logical reason for them for delaying. The reason they are not worry for the OC . Remember, investors would find it difficult to sell their flats without an OC. I guess people who want to settle down there with their families will most likely go for possession.
24th July 2015

Q: Why the builders are not interested in developing the affordable housing projects?

My comments to replies
You all are right but now the affordable homes in Mumbai may not be a distant dream. As Maharashtra Government has been concerned on giving affordable housing. As per the the Maharashtra government, they will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Hope for the best Shantanu, Even the Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes. At the same time , through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
23rd April 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 comments to replies
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 Ketal, Airoli is a developed residential and commercial suburb in Navi Mumbai. This locality has witnessed remarkable developments in the residential and commercial sector. Airoli was developed and maintained by CIDCO but now it comes under the jurisdiction of Navi Mumbai Municipal Corporation. The rise of commercial activities in this suburb has triggered the demand of properties here.
25th May 2015
@Ketal, This suburb is well-connected to all major hubs in Navi Mumbai including Vashi and Nerul. BEST and NMMT buses provides excellent services to areas like Chembur, Mulund, Bhandup, Borivali, Vashi, Sion, Thane, Panvel, Bhayandar and Powai. The Eastern Express Highway located on the South provides seamless connectivity to Mulund and other areas in Mumbai.
25th May 2015

Q: Hi ...I am planning to purchase 2 BHK apartment in Ecovista project at shilphata junction NH4. Pl give your views about area appreciation in next 3-4 years (Mumbra is 4 KM away from site) and also advice about Bharat infra developer.

My replies to this discussion
Hi, I visited this project last month and work for phase-1 has almost completed. They are saying it is on track to deliver by Dec 2015. I just wanted to know if there is any issue with the property title or with CC? Those who have bought the flat, did they face any issue while registering it?Hi, I visited this project last month and work for phase-1 has almost completed. They are saying it is on track to deliver by Dec 2015. I just wanted to know if there is any issue with the property title or with CC? Those who have bought the flat, did they face any issue while registering it?
Q: What are the future prospects of investing in this project?
My comments to replies
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.
Right Ketal, And as per this clause builder is not obliged to pay any interest to investor even if they wait up to 10 years, Project is already delayed by 2-3 years. I think builder can wait wait till all the investors get out of project without any interested.
4th June 2015

What Rajat & Ketal have mentioned above is true. And my advice to all the buyers as well as the investors, do not invest in any project which is at pre-launch phase. Pre-launch means the builder have not got all the necessary approvals but still want to sell the project to raise the money for clearing the document approvals from concerned government department.
Right Ramesk, Now-a-days, it has become a fashion for the builder. Such projects never complete. The builder use these money to complete their other projects. To attract the buyers and investors they offer attractive offers and discounts so that we get attracted towards that projects. Please, check all the necessary approvals before investing in any project.
4th June 2015

Q: Which is a better place to invest Ulwe or Panvel in Navi Mumbai?
My replies to this discussion
The twin city of Kalyan-Dombivli, on the outskirts of Mumbai, will be one of the biggest beneficiaries of real estate recovery. The Kalyan-Dombivli belt comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). This respective location is witnessing the development of new residential projects at a fast pace. Developers that operate in this area include Lodha Group, Nirmal Lifestyle, Raunak Group, Laxmi Housing Builders & Developers, Laxmi Versatile Housing and Mehta Group, among others.The twin city of Kalyan-Dombivli, on the outskirts of Mumbai, will be one of the biggest beneficiaries of real estate recovery. The Kalyan-Dombivli belt comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). This respective location is witnessing the development of new residential projects at a fast pace. Developers that operate in this area include Lodha Group, Nirmal Lifestyle, Raunak Group, Laxmi Housing Builders & Developers, Laxmi Versatile Housing and Mehta Group, among others.
Q: Heard the Dahisar toll naka is moving finally? any news people?

My comments to replies
Hey all, New Toll Tax effective from 31st May,2015 midnight, 50 to 80 toll booths are getting toll free and decisions on Mumbai's major entry and exit toll points will be taken by July,2015. This time the policy update brings some relief to those traveling daily and staying at a radius around the toll collection booths. Octroi Plaza which is also called Toll Plaza/ Naka / Booths which collects money from commuters who access the city roads at Major entry point to Mumbai and other few locations are under major changes in policies and tool charges which differs by locations.
It sounds great but only good for the commuters when applied. Hope, it will applied soon. From Dahisar Toll Naka a Car and a Jeepwill have to pay Rs. 30, Light Motor Vehicles - Rs.35, Bus and Trucks - Rs. 60 and Multi Axle Vehicles - Rs. 80.
20th July 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
Any recent updates of NMIA Construction works? Please advise...
Right Ravindra, The 4-bidders who had submitted a Request for Qualification (RFQ) in January have been qualified for submission of Request for Proposal (RFP). The 4-companies are: GMR group, Mumbai International Airport Limited, Zurich Airport with Hiranandani Developers, and MIA Infrastructure of France along with Tata Realty.
21st October 2015

My replies to this discussion
Thanks for the advice Shaunak, Even i saw that some brokers have updated in their site that the project will start in September or few in July. I also suggest the buyers that don't buy property before checking its legal approvals. Now-a-days project delay has become a fashion.Thanks for the advice Shaunak, Even i saw that some brokers have updated in their site that the project will start in September or few in July. I also suggest the buyers that don't buy property before checking its legal approvals. Now-a-days project delay has become a fashion.
My comments to replies
Hi Everybody,, Project updates of Mumbai based real estate developer Nirmal Lifestyle comes with its new residential project Nirmal Olympia. The project has been designed with an objective to offer affordable homes to residential property buyers having limited budget. The project has been carefully placed in Mulund West,Thane. It offers 1/2/3BHK residential flats from 828-1359 sq-ft. It's 2BHK is available in 828-990 sq-ft. 3BHK from 1107-1224 sq-ft.
Hi Shaunak, Have you booked your flat in it? How much they are charging for 2BHK? When is the project possession date and which all banks are funding this project?
19th May 2015
Thanks Shaunak, It is came to hear that the construction work has stopped due to some legal cause. And when i approach the builders office and ask them to show the legal approvals they are not ready to show before 20% booking amount. Is it right? When is the project going to start?
19th May 2015

Thanks for the advice Shaunak, Even i saw that some brokers have updated in their site that the project will start in September or few in July. I also suggest the buyers that don't buy property before checking its legal approvals. Now-a-days project delay has become a fashion.
Hi Anirudh, Nirmal Olympia enjoys proximity of location due to smooth connectivity to major parts of Mumbai. Project site is very close to MUlund Station and LBS Marg. Daily commuters can take Eastern Express Highway route to reduce the traveling time spent in traffic jams. It is also very close to basic amenities like Bilabong International School, St. Gregorious High School, Nirmal Lifestyle Mall, R Mall and MT Agrawal Hospital, Thane is at 10 mins driving distance from the project site.
19th May 2015

Q: Hi, Good news for those who has agriculture land and wanted to be convert into non-agriculture land. The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting.
My comments to replies
Hi, In a move that could boost development in Maharashtra, the state cabinet has simplified the process to convert agricultural land in cities and towns into non-agricultural land. But it is not mentioned anywhere that what about the land in Rural areas ..Can someone explain a bit in the below words meaning ?
Hi Sandeep, It will benefit those areas that falls under the municipal corporations and councils in Mumbai, Thane, Navi Mumbai, Kalyan-Dombivli, Ulhasnagar, Vasai-Virar, Nalasopara, Ambernath, Kulgaon-Badlapur, Panvel, Alibaug, among others. Now, the owners of these plots will not r have to take earlier permission of the collector for the conversion if the plots are listed in the region's development plan for residential townships or industrial units.
4th June 2015

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.
Good question Ketal, Service Tax registration is a function of gross turnover. Once the turnover of the assessee crosses a threshold limit of Rs 9 lacs, the service provider is required to get itself registered under the law, and compulsorily required to charge service tax on services provided once the turnover crosses Rs 10 lacs. VAT registration is compulsory for dealers having turnover exceeding Rs 5 lacs (or increased limit of Rs 10 lacs in some states).On registration, such dealer is allotted a unique 11 digit TIN (Taxpayer’s Identification Number). CST registration is not dependent on amount of turnover. Simply put, registration of dealer becomes compulsory once he affects an inter-state sale.
24th June 2015

Q: I would like to buy 1bhk in hiranandani zen project- Adalia. Is this a safe investment. is there any kind of dispute on this property/builder/ Please advice.

My comments to replies
Hi, there's further upward revision in Hiranandani Adalia: 1 BHK adalia A wing, grden facing now- 18000/sq-ft. 2BHK: atlantis a is 20750/sq-ft. ( nearly sold out) B wing facing garden is now 21750/sq-ft.
Hello Dev, As per the developer the current payment schedule is : Down Payment 19% at the time of booking, after plinth completion 21% ,slab payments (55%/No. of Slabs) 55%, Possession 5% .
12th May 2015

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.
I appreciate that Ketal, Andheri West is viewed as one of the most significant areas in Mumbai suburban due to its high property prices, the profile of residents, its infrastructure and connectivity, and its proximity to key commercial and business areas. The area normally witnesses residential launches in the luxury segment.
5th May 2015

Q: I have booked in Casa rio Genevia/A, and promised to give positioned in 2013. still waiting. now the new date is Dec 14... anyone who has booked a flat in CASA RIO GENEVIA???

My comments to replies
Dear Flat owners of Genevieve Block A, We have been called for handing over of our flat. However, Lodha want us to sign a document that says that we have been provided the Flat along with all the fit up as per the agreement and we shall not be having any claim on builder of any nature in future. They have mention that customer shall check the flat and inform the discrepancies if any and the same shall be corrected by the builder within 30 days. They want us to sign this document at their HO in Mahalaxmi and after that only they shall provide us the keys. It is also to be noted that OC is not yet obtained and as per the builder it may take 7 months from now. whereas customers need to pay for all maintenance charges from now. This is not fair. I seek advise from other residents please. Please share your experience if any one of you have already get the keys and whether you also get it through the same process. Regards, Dixit
Hi all, If there is no OC, the municipal can also initiate action against the flat owners, as the law says no person can move into a building without the OC. Such cases have been seen in Mumbai and Delhi real estate markets. The classic example is the Campa Cola case in Mumbai.
27th March 2015

My comments to replies
hi dwarkesh., dont ever buy in under construction properties. Now days builders are smart. If there is a big price difference then they will take the difference amount later. so no point investing in advance and wait for property. Now the property prices are going to be flat for 3 to 5 years. Better invest in FDs or mutual fund.
Another benefit for the seller is that a under construction property is not only gets profit and there is a chance to get an exemptions from Tax. Selling the under construction property is better in comparison to carrying out the sale after taking possession. According to the Income Tax Act, the residential property is considered as a "Capital Gains" and gains come up from the sale is calculated under the head Capital Gains.
17th April 2015

Q: How is Runwal desire bettr than lodha palava project ??? Pls advise
My comments to replies
Hi, From my personal experience, if you are looking for Realty with Reliability, Runwal is the name I can suggest. Lodha is a big brand, yet it makes the consumer experience on rolling funds from 1 large project to another and results in delay of multiple projects. Whereas Runwal Project are much deadline oriented. Loading in Lodha is too high in comparison. I guess they are trying to cover the entire cost of marketing from their projects. It is also said he has great political connections means even if we try to fight against Lodha for some or the other reason, consumers are going to have tough time.. So I suggest its better to be safe than sorry, Runwal is better option.
Hi Dev, The economic rise in cost of Real Estate and the appearance of a more demanding customer has push the need for the ever increasing demand for homes in the city, but the lack of transparency, reliability, professionalism, trust and moral existence has left many property buyers at the mercy of immoral real estate player in the market, who claim to provide quality service, but they just look at their own pocket and are not enough fitted nor truly concerned about providing the service.
15th July 2015

My comments to replies
There wer more reason, the plan failed to provide sufficient idea and stand for aiding affordable housing that the city requires so desperately. The DP was not clear about whether the densification actions would do any good for housing of low income groups and middle income groups, which form the backbone of residential activity for any Indian city.
But first and primarily, the current land use map needs to be corrected. This is simply a case of correct and accurate documentation of the on-ground situation, and there can not be any margin for error here. Pressing out the errors on this level will make sure that the base for the DP is accurate and reliable,
7th May 2015

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

My replies to this discussion
Youa are right Chintak, The costs of raw materials such as cement and steel need to be brought down or an upper ceiling imposed on their prices. Excise duty toward ready-mix concrete and steel fabrication should be abolished. The interest rates on lending to real estate developers should be brought down so as to help rationalize the cost of construction. This would also help in bringing down property prices.Youa are right Chintak, The costs of raw materials such as cement and steel need to be brought down or an upper ceiling imposed on their prices. Excise duty toward ready-mix concrete and steel fabrication should be abolished. The interest rates on lending to real estate developers should be brought down so as to help rationalize the cost of construction. This would also help in bringing down property prices.
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
@Sisir, I think Sunil is right. Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. And the price are quite affordable now. It is one of the fast developing nodes in the city and offers 1BHK units ranging from Rs 24-30 lakh. Secondly, Panvel, as this locality is close to Navi Mumbai International Airport too. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh.
Right Kishore, Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors.
24th June 2015

Q: Why Kalyan-Dombivli will drive Mumbai's realty market?
My replies to this discussion
Panvel- Located in Navi Mumbai, Panvel connects Mumbai and Pune, the two major cities of Maharashtra. Major roads, such as the Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4B and NH-17 start from the locality, while the NH-4 passes through Panvel. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh.Panvel- Located in Navi Mumbai, Panvel connects Mumbai and Pune, the two major cities of Maharashtra. Major roads, such as the Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4B and NH-17 start from the locality, while the NH-4 passes through Panvel. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh.
Q: What is the basic method of calculation of Per Capita Income?

My replies to this discussion
India's monthly per capita income, the measure of standard of living, is likely to be at Rs 7378.17 ($118.68) this financial year, up over 10% from last year, after a revision in the method of calculations. Government data shows, in the previous fiscal, the per capita income estimated to have grown by over 12% to Rs 6699 ($107.75) per month.India's monthly per capita income, the measure of standard of living, is likely to be at Rs 7378.17 ($118.68) this financial year, up over 10% from last year, after a revision in the method of calculations. Government data shows, in the previous fiscal, the per capita income estimated to have grown by over 12% to Rs 6699 ($107.75) per month.
Q: Hey, Have you heard about the RBI's second rate cut?
My replies to this discussion
@Arup, As per Reserve Bank Governor Raghuram Rajan, who has been serious of banks for not passing on the benefits of a rate cut in the past, repeated that lenders keep an eye on to be faster in raising rates than cutting rates. He will examine if there are any limitation in passing on cuts. In spite of a generalised fall in the cost of funds, banks are yet to pass through these effects, as also the effects of the policy rate cut on January 15, into the detail of lending rates.@Arup, As per Reserve Bank Governor Raghuram Rajan, who has been serious of banks for not passing on the benefits of a rate cut in the past, repeated that lenders keep an eye on to be faster in raising rates than cutting rates. He will examine if there are any limitation in passing on cuts. In spite of a generalised fall in the cost of funds, banks are yet to pass through these effects, as also the effects of the policy rate cut on January 15, into the detail of lending rates.
Q: Is it true that with the new development control regulations the permissible height of a building along a road according to its width, the high rise committee may become unnecessary?
My comments to replies
Yes, it's true and a member agreed on the need to do away with the committee but said the draft DCR was a sell-out to builders. While the state has given a clear mandate of ''ease of doing business'', municipal commissioner Sitaram Kunte has directed that the time needed to clear projects be reduced.
At the same time, the new development control rules ends doubtfulness and makes it easy for developers to prepare plans. In this way developer will know in advance if a project will be approved or not.
9th March 2015

Right Rajat, The regulations help implement the development plan. The draft DP has proposed higher floor space index ranging from 3.5 to 8 to meet the city's needs for more housing and office/commercial space.
It places high-rises in 3 categories:- 1) Low Rise - Permissible FSI - 3.5, Maximum Height - up to 30m, Minimum Road Width - 6.1m, 2) High Rise -1 - Permissible FSI - 3.5, Maximum Height - above 30m, up to 30m, Minimum Road Width - 9.15m, 3) High Rise -2 - Permissible FSI - 5, Maximum Height - above 70m, up to 120m, Minimum Road Width - 13.4m, 4) High Rise - 3 - Permissible FSI - 6.5, Maximum Height - above 120m, Minimum Road Width - 18.3m
9th March 2015

Thanks for the detail information Rajat, Similarly, special/assembly building - Permissible FSI - 0, Maximum Height - for height up to 30m, Minimum Road Width - 13.4m special/assembly building - Permissible FSI - 0, Maximum Height - for height above 30m, Minimum Road Width - 18.3m
@Mansoor, One more thing came to know that the national building code provides requirements for earthquake-proof buildings and fire safety norms. "he no-objection certificate from the chief fire officer should be sufficient to allow a developer to go-ahead with construction. is it right?
9th March 2015

Q: Do you know that Prime Residential Property in Mumbai is the 10th costliest in the world. The current rate of residential property is Rs 61300 a sq-ft.
My replies to this discussion
Right Praveen, Prime residential property in Mumbai is more expensive than Dubai where the average price of prime residential is Rs 40455 a sq ft,Right Praveen, Prime residential property in Mumbai is more expensive than Dubai where the average price of prime residential is Rs 40455 a sq ft,
Q: For end use Baner and Wakad are the best destination for property buyers.

My replies to this discussion
Hi everybody, It is also seen that the new housing development in the Baner is the result of expanding IT Job oppotunities. Students and professionals community here to run after career related opportunities and hence start looking for a reasonable accommodation every year. Hi everybody, It is also seen that the new housing development in the Baner is the result of expanding IT Job oppotunities. Students and professionals community here to run after career related opportunities and hence start looking for a reasonable accommodation every year.
Q: If i buy a property in Mumbai what are the key documents which i should look for?
My replies to this discussion
Yep....it's true.......... But it will be more better if buyers classified the checklist into two categories. First and the most important part is list of documents to verify and things to check within the project and respective unit. Before taking the keys from the builder/owner. There are certain documents like Joint development agreement and Tri partite agreement (If any) which a buyer must ask from the builder.Yep....it's true.......... But it will be more better if buyers classified the checklist into two categories. First and the most important part is list of documents to verify and things to check within the project and respective unit. Before taking the keys from the builder/owner. There are certain documents like Joint development agreement and Tri partite agreement (If any) which a buyer must ask from the builder.
My comments to replies
Yep....it's true.......... But it will be more better if buyers classified the checklist into two categories. First and the most important part is list of documents to verify and things to check within the project and respective unit. Before taking the keys from the builder/owner. There are certain documents like Joint development agreement and Tri partite agreement (If any) which a buyer must ask from the builder.
Good Afternoon Rakib!!!!!!! Joint Development Agreement:-It requires if there are two or more parties jointly involved in the projects development. Tri partite agreement:- In case the builder has taken a loan to develop the property ask for land-use Certificate / Conversion Order, details of electricity, water and power backup, agreement by maintenance agency, car parking allotment and details.
18th August 2015

Q: Hi, my query is how are the returns on investment in Nalasopara?

My comments to replies
Hi everybody, Nala Soparais one of the suburbs in Mumbai which is slowly making an entry on to the Mumbai real estate map as an affordable housing destination. The area is making an entry into the Mumbai real estate scenario due to its good connectivity, growing infrastructure and its affordable prices. But at the same time, it has a number of options for further growth and a few possible risks that could reduce the real estate sector.
Yes, i have some information about this locality like this area offers several 1 and 2BHK units at very affordable prices, appealing to lower and middle income group. It may be also found that while Nala Sopara has to see more development, with the right opportunities and targeted development, it has a great possibility to become the next hot spot for affordable housing.
22nd April 2015

Hi evrybody, Which are the major landmarks of this locality? Is there any civic issues in the locality? I want that investment should be secured so i am a little bit curios to know the locality issues and all that. If you have any information plz. share with me.
Hello Sanchita, Buddha stupa, Fun Fiesta theatre, Kalamb beach, Rajori beach, Sahakari Bhandar, Dmart are some major landmarks of this locality. Nala Sopara faces some civic issues like any other locality. Some of them are: 1) There have been a few incidents of crimes in the locality. 2) The area has witnessed a significant increase of lower and middle class population to the area in recent times, which has brought to population abundance. 4) The area still faces issues such as availability of water and electricity. 5) There are also limited entertainment options.
4th May 2015
Well Sanchita, AS i know, earlier, the Maharashtra revenue and forest department instructed the deputy conservator of forests and deputy collectors in December 2014 to regularize houses on plots that were earlier named private forest land. This is in consent with a Supreme Court order. This will be executed in several areas of MMR including Virar. This will change several illegal building around the Virar and Nalasopara areas into legal constructions.
4th May 2015

Hi Rajat, According to an statement made by the state minister of housing on 12th Feb.2015, the Maharashtra Housing and Development Authority (MHADA) will be releasing over 4400 affordable houses during its annual lottery during May-June 2015. About 3600 units will be available in Virar. This will give more relief for people looking for affordable housing around Nala Sopara. Now, the time has came so any updates on it.
Hi Lalit, I don't have any industrial updates of Nalasopara but have some valuable updates on infrastructure. As MMRDA is planning to invest up to Rs 1 trillion to expand the Mumbai metro services and roads to remote suburbs in the next 7-8 yrs. The remote suburbs include Virar in the north. This will improve Nala Sopara's connectivity with several prime areas of Mumbai.
4th May 2015
Well Lalit, Nala Sopara is an area that has come up as a destination for affordable housing. Compared to the eastern part, the western part of the area is more planned and developed. As a result, one may find more housing projects in Nala Sopara West compared to its eastern counterpart. Couple of internal locations of Nala Sopara east that connect to Virar have several illegal buildings. Therefore, one needs to be careful while buying houses here.
5th May 2015

Q: Hi, what makes Andheri West a preferred rental destination in Mumbai?
My replies to this discussion
Hi Shreya, Andheri West is one of the most sought after western suburb for rentals and ready-to-occupy properties due to its busy commercial and residential developments. The suburb is divided into western and eastern zones similar to other suburbs of which Andheri West has make way its eastern counterpart in terms of property values.Hi Shreya, Andheri West is one of the most sought after western suburb for rentals and ready-to-occupy properties due to its busy commercial and residential developments. The suburb is divided into western and eastern zones similar to other suburbs of which Andheri West has make way its eastern counterpart in terms of property values.
You are right Pradyuman, But one thing i want to share with the people of Mumbai that the property prices and rentals depend on the location and amenities available in the project. Hence, if you want to live in a western suburb close to the best amenities in Mumbai, Andheri West will be a good choice.You are right Pradyuman, But one thing i want to share with the people of Mumbai that the property prices and rentals depend on the location and amenities available in the project. Hence, if you want to live in a western suburb close to the best amenities in Mumbai, Andheri West will be a good choice.
My comments to replies
Hi Shreya, Andheri West is one of the most sought after western suburb for rentals and ready-to-occupy properties due to its busy commercial and residential developments. The suburb is divided into western and eastern zones similar to other suburbs of which Andheri West has make way its eastern counterpart in terms of property values.
Well Vasanth, Andheri railway station is one of the railway stations on the western and harbour lines of the Mumbai Suburban Railway. It connects major stations such as Chhatrapati Shivaji Terminus (CST) and Panvel. The station is located just 4km away from the Andheri West. The recently operational Line 1 of the Mumbai Metro connects Andheri to Versova in the west and Ghatkopar in the east. The Mumbai International Airport is just about 3.5 km away from the locality.
20th March 2015

Thanks for the detailed information, Which are the important business districts of Andheri West? How is the infrastructural development happened in the locality?
As i know, 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. Hence, the locality attracts several professionals who work in these areas. The locality was originally developed as a residential area with good planning and well-designed layout. It had massive sea-facing bungalows and landscaped green pavements. The bungalows have now given shape to luxury apartments.
20th March 2015

Hi Rajat, I wanted to know the current real estate trend in Andheri West? What is the current residential property rate is going on in the locality? Is it true that number of new launches have come down in recent times?
Andheri West is considered one of the most spacious areas in Mumbai suburban due to its high property prices, the profile of residents, its infrastructure and connectivity, and its proximity to key commercial and business areas. The area usually witnesses residential launches in the luxury segment. Yes, the number of new launches have come down in recent times, but still it is considered as one of the most sought after localities for rentals and secondary sales.
20th March 2015

Hi, My question to all the above gentleman who have highlights about the Andheri West. I think there is not a single locality in the MMR which don't have any civic issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Can anybody come forward and aware the people about these issues? Thanks...
Hi Dayananda, There have been increasing reports of drainage and solid waste management related issues, poor street lighting and encroachment of footpaths close to the railway station by unauthorised construction and hawkers are increasing day by day. Apart from that incidents of chain-snatching have been reported nearby police station.
2nd April 2015

Q: I had booked two years back. Nothing is moving ahead. Feeling cheated. Can anybody help to update the actual status?

My replies to this discussion
Hi, Even i have booked a 2 BHK at Monarch Greenscapes. Two months back when i approach the builder, according to the builder full fledged construction should begin within 2 months. I would also like to know when is the project going to complete. Is there any legal issue with the project? Plz. share whatever information you have for this project.Hi, Even i have booked a 2 BHK at Monarch Greenscapes. Two months back when i approach the builder, according to the builder full fledged construction should begin within 2 months. I would also like to know when is the project going to complete. Is there any legal issue with the project? Plz. share whatever information you have for this project.
Q: Hi, What is the booking amount of Bharat Optimus, Marve Road, Malad West, Mumbai?
My replies to this discussion
Hi, They are charging 25% of the total agreement as booking amount for 2BHK in Bharat Optimus, Malad West, Mumbai.Hi, They are charging 25% of the total agreement as booking amount for 2BHK in Bharat Optimus, Malad West, Mumbai.
My comments to replies
Hi, They are charging 25% of the total agreement as booking amount for 2BHK in Bharat Optimus, Malad West, Mumbai.
Well Mansoor, Mulund is a suburb in north-east of Mumbai. It is about 32 kms from Mumbai. It is also a railway station on the Central Railway line of the Mumbai Suburban Railway. It is nestled alongside the foothills of the Sanjay Gandhi National Park with easy access to the Eastern Express Highway and Navi Mumbai through the Mulund-Airoli Bridge. Mumbai International Airport-15 kms, Malad Railway Station-2 kms, SEJ Plaza-0.5 kms, St. Francis English School, 3.4 kms, Western Express Highway-3 kms, Link Road-2 kms, Domestic Airport-14 kms, S.V Road-1kms.
25th March 2015

Hi all, I have booked a 3BHK flats in Bharat Optimus. I wanted to know its possession date? What is the current status of this project ? Any idea. Plz. share .
Hi Miran, Bharat Optimus by Bharat Infrastructure and Engineering Ltd. is a under construction project and it's expected date of possession will be June'2018.
25th March 2015

Q: AS per Union Minister Nitin Gadkari at least 12 smart cities and several coastal economic zones will come up under the ambitious Sagarmala project which will lift India's GDP growth by 2%.

My replies to this discussion
Hi, i read your discussion and curious to know that What would be the governments role for strenghthening port and evaculation infrastructure?Hi, i read your discussion and curious to know that What would be the governments role for strenghthening port and evaculation infrastructure?
Hi all!!! We all know that the government has recently identified 98 cities for the Smart City Project. And fund for 20 cities have been distributed. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model. if you are agree with my view point then give ur valuable inputHi all!!! We all know that the government has recently identified 98 cities for the Smart City Project. And fund for 20 cities have been distributed. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model. if you are agree with my view point then give ur valuable input
My comments to replies
Hi all!!! We all know that the government has recently identified 98 cities for the Smart City Project. And fund for 20 cities have been distributed. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model. if you are agree with my view point then give ur valuable input
Right Abhi!!!! All those launched programmes need to be implemented successfully ......."Thoda Khaye But Achcha Khaye" .....Govt. should think over this policy first.... If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.
18th September 2015

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
Hi, Day before yerterday, the Maharashtra government has asked the Municipal Corporation of Greater Mumbai to correct actual problems on land use in Mumbais draft development plan for 2034 and come out with a modified draft within the next 4 months. Goor work by the government for the development of Mumbai.
Hi Shalini, Yes, i read this news. And at the same time, the current DP will cease to exist after publication of the improved DP and the process of inviting suggestions and objections from citizens will begin once again. A committee appointed by the state government under the chairmanship of chief secretary Swadheen Kshatriya in its report mentioned many cases of actual mistakes on existing as well as proposed land use.
24th April 2015
Well Shalini, The plan came under major criticism as it proposed an increase in floor space index, which indicates allowable construction on any plot, setting up no-development zones for residential development, factual mistakes in existing land use and change in reservation policy and also suggesting opening up of 1287 hectares of Aarey Milk colony located in western suburb of Goregaon, among others.
24th April 2015

@Rajat, Hmm, That is the main reason why the MCGM has got more than 25000 suggestions and objection from citizens of Mumbai. Having note of public outcry, chief minister Devendra Fadnavis on 7th June appointed a committee under the chairmanship of the chief secretary to go into ideas of the draft plan and make recommendations to the government.
May be, because the government was in favor of discarding the draft DP, but said that a final decision will be taken only after report by the committee headed by chief secretary is obtained.
24th April 2015

Q: How many days it takes to acquired Ownership Certificate? What is the cost of obtaining approval? Where do we get the permission from?
My replies to this discussion
Hi Everybody, What are the major challenges in Building approval system in Maharashtra? Can anybody highlights the few?Hi Everybody, What are the major challenges in Building approval system in Maharashtra? Can anybody highlights the few?
Q: Hi, how is the connectivity of Park Royale, Andheri East to the other parts of the city?
My replies to this discussion
Hi, Can you tell me what is per square feet rate is going on in Park Royale? How much they are asking for booking? When is the delivery date of this project?Hi, Can you tell me what is per square feet rate is going on in Park Royale? How much they are asking for booking? When is the delivery date of this project?
My comments to replies
Hi Ravindra, Real estate developers are taking longer to sell luxury apartments, and are stopping on launching new projects in the portion due to poor demand in a reserved property market. Even though developers refused facing any huge inventory pile-up, most of them accepted that property sales have been affected by weak market sentiment pushing buyers to keep their purchases.
Right Varun, It totally depends on the location, it generally takes between 2 to 4 yrs. to implement a project and the builder sells the homes through this period. But in south Mumbai, where most of the city's luxury and high-end apartment projects are located, the inventory period has risen from 40 months to about 70 months.
27th April 2015
Hmm, The demand for luxury apartments is especially weak. Even though some of the projects are doing well, there is also a large stock of housing units which are lying unsold, especially in the premium section.
27th April 2015

Q: Hi, i want to know the area size of 1BHK?
My replies to this discussion
Hi Shalini, There is no 1BHK in Raheja Ridgewood by Raheja Universal in Goregaon East. It offers 1.5/2/3/3.5/4 BHK residential apartments. It's sizes are 712 sq-ft in 1.5 BHK (Carpet area-445 sq-ft.), 2BHK from 990-1280 sq-ft., 3BHK from 1663-1919 sq-ft. and 4BHK from 2232-2465 sq-ft.Hi Shalini, There is no 1BHK in Raheja Ridgewood by Raheja Universal in Goregaon East. It offers 1.5/2/3/3.5/4 BHK residential apartments. It's sizes are 712 sq-ft in 1.5 BHK (Carpet area-445 sq-ft.), 2BHK from 990-1280 sq-ft., 3BHK from 1663-1919 sq-ft. and 4BHK from 2232-2465 sq-ft.
My comments to replies
Hi Shalini, There is no 1BHK in Raheja Ridgewood by Raheja Universal in Goregaon East. It offers 1.5/2/3/3.5/4 BHK residential apartments. It's sizes are 712 sq-ft in 1.5 BHK (Carpet area-445 sq-ft.), 2BHK from 990-1280 sq-ft., 3BHK from 1663-1919 sq-ft. and 4BHK from 2232-2465 sq-ft.
Hello Gauri, I have a word with their sales guy and she told me that Rs. 100/sq-ft for floor rise charges and Rs.9 lacs for car parking.
29th April 2015

Q: Can anyone share about Mayfair hillcrest project about location, water, builder and other points.

My replies to this discussion
I would also liked to share that the company has completed their 50 yrs in the field of real estate and they are celebrating with their customer offering huge discount. If you booked a flat in Mayfair Hillcrest 2BHK in 700 sq-ft, you will get a discount up to 12-20 lacs discount depending on floor as all the 2BHK falls under (8-13 floors).I would also liked to share that the company has completed their 50 yrs in the field of real estate and they are celebrating with their customer offering huge discount. If you booked a flat in Mayfair Hillcrest 2BHK in 700 sq-ft, you will get a discount up to 12-20 lacs discount depending on floor as all the 2BHK falls under (8-13 floors).
Q: Hey, I am looking for project details of Hubtown Iris, Mira Road.
My replies to this discussion
Hi Ashish, Hubtown Iris by Hubtown Limited is one of the most pleasant and stylish residential project by Hubtown Limited in the locality of Mumbai. It offers 1BHK from 685-795 sq-ft and 2BHK in 870 sq-ft. and it's price is Rs.53.43 lacs to Rs. 62 lacs onward for 1BHK and Rs. 67.86 lacs for 2BHK. It is G+7 storeys apartments consists 77 units in two towers.Hi Ashish, Hubtown Iris by Hubtown Limited is one of the most pleasant and stylish residential project by Hubtown Limited in the locality of Mumbai. It offers 1BHK from 685-795 sq-ft and 2BHK in 870 sq-ft. and it's price is Rs.53.43 lacs to Rs. 62 lacs onward for 1BHK and Rs. 67.86 lacs for 2BHK. It is G+7 storeys apartments consists 77 units in two towers.
My comments to replies
Hi Rajat, How much is the booking amount and what will be the floor rise charges? What is the current status of this project?
Hello Shalini, They are charging Rs. 1 lacs as a booking amount but there is no floor rise charges. The construction work of this project has been almost finished.,
30th April 2015
@Shalini, Hubtown Iris by Hubtown Limited, Mira Road comes under MIra Bhayandar Municipal Corporation and has all the statutory approvals are in place. Almost all the leading banks has approved this project for Home Loan.
30th April 2015

My replies to this discussion
Hi George, The developer has stopped the booking as well as the construction work due to delay in approvals and expected that the booking will start again after getting all the necessary approvals in the month of July-August.Hi George, The developer has stopped the booking as well as the construction work due to delay in approvals and expected that the booking will start again after getting all the necessary approvals in the month of July-August.
My comments to replies
Hi George, The developer has stopped the booking as well as the construction work due to delay in approvals and expected that the booking will start again after getting all the necessary approvals in the month of July-August.
Hello Roshini, I think you didn't read my reply carefully. I have clearly mentioned that they have stopped the construction as well as the booking due to delay in approvals. May be they are waiting for the approvals and after that they will start the construction work. Those who are planning to book flat of this project, asked for the legal approvals, approved layout plan, CC and bank approvals before investing in any project around the country. If you want a hassle free buying.
8th May 2015

Q: Why most of real estate developers showing off names of foreign architect in their projects?
My replies to this discussion
Hi Anil, In Hindi we call "Jo Dikhta Hai Wahi Bikta Hai". This proverb suited the realty market. The love of Indians for all foreign things is well known and most of real estate developers know it and take advantage of this fact.Hi Anil, In Hindi we call "Jo Dikhta Hai Wahi Bikta Hai". This proverb suited the realty market. The love of Indians for all foreign things is well known and most of real estate developers know it and take advantage of this fact.
My comments to replies
Hi Anil, In Hindi we call "Jo Dikhta Hai Wahi Bikta Hai". This proverb suited the realty market. The love of Indians for all foreign things is well known and most of real estate developers know it and take advantage of this fact.
But remember Aarti, by doing so real estate developers could be breaking a legal part, i.e, Section 37 of The Architects Act, 1972, which prevents a foreign architect from working in India without the permission of the Central government.
13th May 2015
I am shocked to hear guy's. Do they charge for that? Why did not India Architects raise any issue against them?
13th May 2015

In India money has the power. If i pay you solid amount for that you too will agree for that. Nothing will happen. Recently, the Council of Architecture (CoA), the regulatory body for architects in India, recently published a pubic notice in leading newspapers, which said that the CoA is receiving complaints regarding the violation of the Architects Act by foreign architects, consulting firms, Indian architects, real estate developers and others by hiring foreign architects to make architectural services without following due method approved under proviso (b) section 37 (1) of the Architects Act, 1972.
Thanks for the information Keshay, Can you name such developers & builders of India which are violating the Architect Act, 1972?
13th May 2015

Q: How Budget 2015-16 affects real estate sector?
My replies to this discussion
It is very crucial to understand that "Housing for all by 2022" is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes.It is very crucial to understand that "Housing for all by 2022" is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes.
Q: What are the sizes available in 1/2/3BHK and it's approximate price?
My replies to this discussion
Hi Ramesk, What about project approval? And which all banks are offering loan? What is the current property rate of 2BHK is going on in the locality?Hi Ramesk, What about project approval? And which all banks are offering loan? What is the current property rate of 2BHK is going on in the locality?
Hi everyone, I heard that 3BHK is starting from Rs. 79.374 lacs upto 15th floor as it is mentioned in their site. I also want to know the key features of ONE Spirit, Mulund West.Hi everyone, I heard that 3BHK is starting from Rs. 79.374 lacs upto 15th floor as it is mentioned in their site. I also want to know the key features of ONE Spirit, Mulund West.
Q: have they started brick work?? Work has stopped since almost last september.
My comments to replies
Phase III posession has been delayed to December 2015 now.
Hi Dev, They have not mentioned the built-up area in the agreement. If we have to sell this flat in future then we have to sell it on the basis of carpet area only and we might be in loss. Unfortunately this is kind of acceptable practice in the Mumbai Real Estate market (Carpet being 60% of Salable area) 607 x 0.6 = 364 You will be actually cheated if Carpet or usable area for you is less than 364 sq.ft.
23rd June 2015

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

My replies to this discussion
Hi everybody? JNPT-URAN-CHIRNER areas will reap the future prospects of property into this location. Proposed Shivdi – Navasheva Sealink news reports are not only highlighted in newspaper and news channels but also these locations are fast developing now-a-days, attracting the eye of real estate investors to invest money into these boosting areas which will be identified/named and soon known as Maha Mumbai.Hi everybody? JNPT-URAN-CHIRNER areas will reap the future prospects of property into this location. Proposed Shivdi – Navasheva Sealink news reports are not only highlighted in newspaper and news channels but also these locations are fast developing now-a-days, attracting the eye of real estate investors to invest money into these boosting areas which will be identified/named and soon known as Maha Mumbai.
Q: I need price details of Esquire by Oberoi Realty Ltd. near Oberoi Mall, Goregaon East?
My replies to this discussion
Hi Anuj, Oberoi Esquire by Oberoi Realty Ltd. is a BMC approved project and almost all the leading banks and financial institutions have approved for housing loan. As per the developer and their sales guy, the expected date of possession will be December'2017.Hi Anuj, Oberoi Esquire by Oberoi Realty Ltd. is a BMC approved project and almost all the leading banks and financial institutions have approved for housing loan. As per the developer and their sales guy, the expected date of possession will be December'2017.
Q: I am planning to purchase a resale flat in Mumbai. Apart from registration and stamp duty, what are the other charges I need to pay government or any other party? Also is registration and stamp duty to be paid online mandatory or can be paid via agents?

My replies to this discussion
Hi Vipul, Apart from registration and stamp duty charges there are other charges which you have to pay are Transaction charges, Service tax, Value Added Tax (VAT) Capital gains tax to be borne out by the seller for a resale transaction.Hi Vipul, Apart from registration and stamp duty charges there are other charges which you have to pay are Transaction charges, Service tax, Value Added Tax (VAT) Capital gains tax to be borne out by the seller for a resale transaction.
Q: Could RBI's rate cut revive the home sales?
My comments to replies
Hi Kishore, The message is very clear from the RBI that it wants to revive the economy and that will in turn help the realty sector. This is the 3rd time in the current fiscal that the central bank has cut the interest rates. But for a real revival in the home sales, home loan rates have to come down to 9-9.5%.
Right Arushisha, In the history of marked decline, the move has come across as big relief for the industry. Following RBI's decision, commercial banks are most likely to cut interest rates on home loans soon. At the same time, the cash reserve ratio, which is the amount of money banks have to keep with the RBI, was left unchanged at 4%.
3rd June 2015
If i am not wrong then buyers can go back to their lender and ask them to reduce EMI component or reduce their loan tenure. If the benefits are passed to home buyers a rate cut such as this can raise the sentiment and encourage more corporate and retail consumers to prefer for loans.
3rd June 2015

Q: Do you know? In the past 4 months, CIDCO has given commencement certificate to 8 projects under the pilot project of development of 23 villages in Panvel tehsil.
My replies to this discussion
According to CIDCO official, they are getting maximum proposal for residential buildings. The construction of the first project started under NAINA in Shedung in Panvel in December'2014, which is also a residential building. For all that the Navi Mumbai International Airport has been think up to lessen pressure on Mumbai Airport.. That is why, it is also seen as a major infrastructural development in Navi Mumbai.According to CIDCO official, they are getting maximum proposal for residential buildings. The construction of the first project started under NAINA in Shedung in Panvel in December'2014, which is also a residential building. For all that the Navi Mumbai International Airport has been think up to lessen pressure on Mumbai Airport.. That is why, it is also seen as a major infrastructural development in Navi Mumbai.
Q: As per a proposal being considered by the municipal corporation, certified green buildings in Mumbai could soon get up to 20% discount on property tax.
My comments to replies
Yes, the Municipal Corporation of Greater Mumbai is discussing the proposal with Indian Green Building Council that think of a discount on property tax paid by developers and residents, and aims to boost demand for eco-friendly and energy conserving structures.
Good morning Sandeep, I think it is a matter of energy conserving, so, this will work for sure as the civic body is serious about this proposal and its expected impact. There are few civic and state bodies like Noida, Chandigarh and West Bengal where construction of green buildings is encouraged through additional floor space index of 5-10% and the measure has worked well in these regions.
9th June 2015

True Rajat, A green or sustainable building involves a structure and process of constructing the structure that is resource-efficient and environmentally responsible throughout a building's life cycle from design, construction and operation to maintenance.
I agree with that. As per the Indian Green Building Council, green real estate in India has grown from 20000 sq-ft. in 2003 to over 3 billion sq-ft. of green projects in 2015.
9th June 2015

Q: Which are the project launched in April 2015? Is there any new infrastructural development started in Mumbai?

My replies to this discussion
Thanks Abhi, What is the capital value of residential property in those localities? I have sold out my old flats in Pune and looking for a 2BHK in Mumbai for end use.Thanks Abhi, What is the capital value of residential property in those localities? I have sold out my old flats in Pune and looking for a 2BHK in Mumbai for end use.
My comments to replies
Good Morning Samrat, Majority of the new launches were in the suburbs are Dosti Codename Landmark at Thane, Gundecha Greens at Kandival and Satyam Harmony at Panvel. Yes, Northern arm of Kherwadi Flyover inaugurated during the month of April'2015.
Good Morning Abhi, Which are the key areas in Mumbai for rental as well as for end use? What is the rental rates are going on in the locality? Any idea?
26th June 2015

Q: Which are the most active market in May-June, 2015 in MMR? What was the percentage of luxury, mid segment and affordable projects launched in that period?

My replies to this discussion
Hello Sonya, Dombivli East is the most active market in MMR. In May-June, 2015, there had been 4000 residential units launched out of which 90% were apartments, 9% were plots and 1% was Row Houses. If we take as BHK-Split, then 17% were 1RK, 42% were 1BHK, 25% were 2BHK and 13% were 3BHK. Percentage of luxury, mid segment and affordable were 17% and 335 respectively.Hello Sonya, Dombivli East is the most active market in MMR. In May-June, 2015, there had been 4000 residential units launched out of which 90% were apartments, 9% were plots and 1% was Row Houses. If we take as BHK-Split, then 17% were 1RK, 42% were 1BHK, 25% were 2BHK and 13% were 3BHK. Percentage of luxury, mid segment and affordable were 17% and 335 respectively.
Good morning everybody, It is also in news that about 100 residents in 3 apartment buildings in Dadar West near Shivaji Park have received displacement notices from MMRDA to make way for the proposed Metro-3 project. And asked residents of Corner View Apartment, Surve House and Dayalji Apartment in Patilwadi to reply in 15 days.Good morning everybody, It is also in news that about 100 residents in 3 apartment buildings in Dadar West near Shivaji Park have received displacement notices from MMRDA to make way for the proposed Metro-3 project. And asked residents of Corner View Apartment, Surve House and Dayalji Apartment in Patilwadi to reply in 15 days.
My comments to replies
Hi Rajat, Apart from Dombivli East, was there any other locality active during May-June, 2015? What is the current property price is going on in those localities and how many units were launched?
Good evening Lewin, Apart from Dombivli East some of the active areas were Mulund West, Kanjurmarg, Badlapur East and Chembur. As per the commonfloor data
29th June 2015
Ur WC lewin, According to Maharashtra government sources, the Union Ministry for environment and forests giving a green signal for the coastal road from Kandivli to Nariman Point. The first round of bids for the project is expected to be called for in July this year. Secondly, according to the press statement by the Maharashtra chief minister, the state govt. may rope in a Chinese company to construct the ambitious Mumbai-Trans Harbour Link connecting Mumbai and Navi Mumbai. Third and the most important Mumbai Metro Rail. According to a press release by the Maharashtra Chief Minister, the state Govt. plans to invite the Delhi Metro Rail Corporation (DMRC) team for assisting the govt. in expanding Mumbai Metro's network.
29th June 2015

Good morning everybody, It is also in news that about 100 residents in 3 apartment buildings in Dadar West near Shivaji Park have received displacement notices from MMRDA to make way for the proposed Metro-3 project. And asked residents of Corner View Apartment, Surve House and Dayalji Apartment in Patilwadi to reply in 15 days.
Ofcourse Veena, The developer had earlier entered a tripartite agreement with Maharashtra Govt. and MMRDA to develop Middle Income Group homes in Powai. Following this the developer was taken to court by a number of apartment societies citing violation of Maharashtra Ownership Flat Act.
30th June 2015

Hi Rajat, In Budget 2015, there had been lot's of infrastructural development promised by the Modi Govt. What about those infrastructural development? Have those development initiated or not?
Well Veena, As of now, work on 4 Metro corridors to start within one year. BRTS on Western Express Corridor has been put on hold. Initial plans of extending the project Eastern Freeway towards North and South is initiated. As per the govt. sources Trans-Harbour Link will be up by 2019. The proposed 35 kms Mumbai Coastal Road project has received the Environmental clearance. And Navi Mumbai International Airport on hold for another one year as the RFQ's are still pending at Project Management Committee Level.
30th June 2015

Q: When is the project going to launch and the completion period?
My comments to replies
Hello all, Do we know which area of MIG is under this project i mean what building numbers?? Do we know that this plan has been finalized and approvals got or agreement wit tenants done?? As there are lots of talks that go on..but eventually nothing surfaces...so.... Thank u all
One more thing that i want to add that this building is expected to be the tallest residential building in the BKC/Bandra East area. The project has received height approval for construction of a 29 storey tower from the Airport Authority of India.
14th October 2015

Q: If carpet area is 1000 sft, the buyer is paying for a saleable area of 1650-1700 sft !! Are such high loading factors permitted? Car parks are being sold under other names eg Infra charges etc even though the SC has ruled they have to be on basis of flat area. Please guide.

My replies to this discussion
Hi Pratt, As per your queries Saleable area= 1700 sq-ft. carpet area= 1000 sq-ft. The formula to be used is given below: Saleable area=carpet area(1-loading factor) 1700=1000(1-loading factor) 1.7=1-loading factor Loading factor=0.7 or 70% However, builders usually calculate the loading area as below 1000=1700(1-loading factor) .58=1-loading factor Loading factor=0.42 or 42% This is not loading factor. It is the loss factor. However, the first calculation is right and tells us that for every Rs 1 invested we get only Rs 0.58 worth of area.Hi Pratt, As per your queries Saleable area= 1700 sq-ft. carpet area= 1000 sq-ft. The formula to be used is given below: Saleable area=carpet area(1-loading factor) 1700=1000(1-loading factor) 1.7=1-loading factor Loading factor=0.7 or 70% However, builders usually calculate the loading area as below 1000=1700(1-loading factor) .58=1-loading factor Loading factor=0.42 or 42% This is not loading factor. It is the loss factor. However, the first calculation is right and tells us that for every Rs 1 invested we get only Rs 0.58 worth of area.
My comments to replies
Hi Pratt, As per your queries Saleable area= 1700 sq-ft. carpet area= 1000 sq-ft. The formula to be used is given below: Saleable area=carpet area(1-loading factor) 1700=1000(1-loading factor) 1.7=1-loading factor Loading factor=0.7 or 70% However, builders usually calculate the loading area as below 1000=1700(1-loading factor) .58=1-loading factor Loading factor=0.42 or 42% This is not loading factor. It is the loss factor. However, the first calculation is right and tells us that for every Rs 1 invested we get only Rs 0.58 worth of area.
Hi Pratt, It is a common practice of the builder. The loading factor is included by the builder to cover up the costs of the common areas of apartment complexes from all the consumers as per their unit preferences. Secondly, Supreme court order in 2010 that flat buyers need not pay extra money to buy parking spaces, both open and closed, from property developers. The promoter has no right to sell any portion of the building which is not a flat. Allot the same on a first come, first served basis without charging any money from him.
9th July 2015

Hi Pratt, Loading factor varies from place to place and project to project. In residential property it is generally 25-35% of super built-up area. According to CREDAI, Carpet area of unit is calculation as internal wall to wall measurements of all Rooms, Internal Passage, Toilets, Store Room etc. (without considering plaster thickness, skirting and column offsets) with addition of the internal area of Balconies and area of projection of Cupboards upto lintel level. No architectural features should be taken in Carpet Area Calculation. Terrace provided at same level should be calculated separately.
You are right Pratt. As a user we always calculate the loading on carpet area. But builders fool customers by telling them that they have a loading of 40% when actually it is on the Salable area. But almost all new construction for residential is at that rate. But for stand alone building with nil amenites it is definitely on high side, unless the rate quoted is below prevailing market in that locality.
28th July 2015

Q: I am looking for a parking on monthly rent for 4 wheeler in Phase 2. Please contact me in case you have one.
My replies to this discussion
Have you rent a flat of this project in Phase-2. If yes, then talk to the owner. Otherwise it is very difficult to get a parking space in it. Secondly, if owned a flat in it then talk to the management committee to arrange a parking space on rent.Have you rent a flat of this project in Phase-2. If yes, then talk to the owner. Otherwise it is very difficult to get a parking space in it. Secondly, if owned a flat in it then talk to the management committee to arrange a parking space on rent.
Q: Good news for those whose bought property in Mumbai and stuck due to change in building regulation, construction begins in many projects that had been stuck for years.
My replies to this discussion
Hi everybody, Developers in Mumbai always wanted to buy land and since they mostly did not get financing to buy land, they stretched themselves too thin. In a city like Mumbai known for its sky touching property and land prices, this became a big responsibility, when real estate firms, after having invested heavily, could not launch its projects due to a steady on approvals when development control regulations were amended or coastal regulations were changed.Hi everybody, Developers in Mumbai always wanted to buy land and since they mostly did not get financing to buy land, they stretched themselves too thin. In a city like Mumbai known for its sky touching property and land prices, this became a big responsibility, when real estate firms, after having invested heavily, could not launch its projects due to a steady on approvals when development control regulations were amended or coastal regulations were changed.
My comments to replies
Hi everybody, Developers in Mumbai always wanted to buy land and since they mostly did not get financing to buy land, they stretched themselves too thin. In a city like Mumbai known for its sky touching property and land prices, this became a big responsibility, when real estate firms, after having invested heavily, could not launch its projects due to a steady on approvals when development control regulations were amended or coastal regulations were changed.
Right Shaunak, Even Wadhwa Group has to face the same issue. Now they set to build luxury sea-facing residences on a piece of land at the unused Hindoostan Spinning and Weaving Mills in Mumbai's Prabhadevi. Hubtown Ltd and DLF Ltd had bought this land at the start from the Thackersey family for Rs.350 crore in 2007, just before the global financial crisis began. After the slow down DLF exit the project and Hubtown entrapped not only in the complex coastal regulation zone (CRZ) and other approvals but also money crisis.
10th July 2015

Q: Which are top 5 rental markets based on availability and rental yield in Q2 2015?
My replies to this discussion
Hi Aneek, As per commonFloor data top 5 rental localities based on availability are Goregaon East, Malad West, Andheri East, Powai and Kandivali East respectively. And the localities based on rental yields are Andheri east, Goregaon East Powai, Mira Road and Malad West.Hi Aneek, As per commonFloor data top 5 rental localities based on availability are Goregaon East, Malad West, Andheri East, Powai and Kandivali East respectively. And the localities based on rental yields are Andheri east, Goregaon East Powai, Mira Road and Malad West.
My comments to replies
Hi Rajat, I think out of top 5 rental localities in MMR, based on availability, 4 micro markets are spread across Western suburbs while one is in the central part.
True Dev, The western suburbs of Goregaon East, Malad West, Andheri East and Kandivali are seeing high rental demand from people working in neighbouring office spaces at Bandra Kurla Complex (BKC) and SEEPZ SEZ. While Powai, the central suburb, is mainly seeing demand from those working at Kensignton SEZ which houses several IT/ITeS companies and other business establishments.
14th July 2015

Q: Hello All, Can anyone update the development update on Dosti Planet North, Shilphata and potential growth prospects of the area.

My comments to replies
Well Roshini, As of now, 85-90% work has been completed both in Ruby and Emerald and you have to pay at the time of agreement and rest of the 10% will be based on home loan and the slab. They will start giving possession for Ruby and Emerald from December'2015 and Elmore in December,2016. No, the above mentioned price is fixed and Rs. 25/sq-ft will be the floor rise above 2nd floor.
Hi Sandeep, I think connectivity wise, it is a good locality but in terms of social infrastructure, civic amenities and housing the area is yet to be developed. There are plans to improve the rail connectivity to the area. The planned monorail line between Mahape and Kalyan will pass through the area. Currently, there is also a shortage of drinking water and electricity in Shilphata. If developed properly, these problems too may be resolved.
23rd July 2015

Q: Which apartment configuration to buy-1/2/3 BHK?

My replies to this discussion
Apart from that, some other point that may also help you decide your BHK configuration is the budget. For example, let's say your budget for your dream home is Rs 60 lakhs. Then several questions can come into your mind "should I buy a large-size 3 BHK home in this budget towards the outskirts of the city or should I pick for a small-size 2 BHK within the city where prices are higher? Should I go for a Grade "A" builder and buy 2 BHK or should I buy a 3BHK by a Grade "B" builder whose property would be costing less.Apart from that, some other point that may also help you decide your BHK configuration is the budget. For example, let's say your budget for your dream home is Rs 60 lakhs. Then several questions can come into your mind "should I buy a large-size 3 BHK home in this budget towards the outskirts of the city or should I pick for a small-size 2 BHK within the city where prices are higher? Should I go for a Grade "A" builder and buy 2 BHK or should I buy a 3BHK by a Grade "B" builder whose property would be costing less.
Q: How long it will take to approve a project in Mumbai and who is the approval authority? And what will be the charged for obtaining the approval?

My comments to replies
Thanks Rakshit, And what about Building Layout Approval? How much time it required and cost of obtaining the approval? Who is the approval authority?
You are right Rakshit, But i heard that a sub-engineer from the Building Proposal Office will conduct a site inspection which can take another 3-4 days of receiving the file from the Survey Office. The building company must be on-site when the inspection take place. The sub-engineer scrutinizes the potential of the plot including the provision of civic infrastructure.
13th August 2015

Q: Which are the points that a rating agency consider to give its rating?

My comments to replies
Right lewin, Here in Lodha case, the rating agency has taken a consolidated view and all of its subsidiaries and special purpose vehicles under the Lodha group while arriving at the ratings. The rating by India Ratings highlighted Lodha Group's dominant position in Mumbai Metropolitan Region property market, funded land bank, secured approvals, performance track record, strong cash flow visibility and financial flexibility as positives for the company.
It is really good for the company. In a highly periodic and unstable sector, the "IND A-" rating confirms the group's commitment to quality housing through world class design, connection and differentiated branding. Lodha Group focuses on large scale projects across India. Its top projects include Palava, World Towers, The Park and New Cuffe Parade, which accounted for 80% of the total sales in 2014-15
27th August 2015

Q: Last year, company's Chairman said that the company had put Rs.4000 crore worth of assets on the block and was expecting to exit its debt troubles within 2 yrs.

My replies to this discussion
Good Morning............Anirudh!!! IVRCL Ltd, considered as one of the hottest company in the infrastructure business a decade ago and which fell on difficult times. The company is currently close to raising around Rs.1000 crore by selling some of its assets.Good Morning............Anirudh!!! IVRCL Ltd, considered as one of the hottest company in the infrastructure business a decade ago and which fell on difficult times. The company is currently close to raising around Rs.1000 crore by selling some of its assets.
My comments to replies
In recent time, many of India's infrastructure firms have been selling assets to reduce debt. Their projects delayed by issues related to land acquisition, availability of fuel, financial crisis, a slowing economy and a combination of the four, these firms have had to organize differently its debt, mostly under the guidance of the banks concerned that the loans extended by them to these companies could turn bad.
True.....last month, Gammon Infrastructure Projects Ltd agreed to sell 6 road and 3 power projects to BIF India Holdings Pvt. Ltd for Rs.563 crore, taking advantage of a new government rule that has relieved the exit of developers of operational road projects. Gammon, which had a net debt of Rs.3947 crore as of 30th June,2015.
10th September 2015

Q: I want to know more about the appealing factors or what is USP of this project to be precise? Anyone Help!

My replies to this discussion
Hi, I have some current construction status as per the builders Tower-A which has 60 floors, structure, external and internal plaster work is going on. Tower-B which also has 60 floors, structure and internal plaster work is going on. Tower-C which has 50 floor, structure work is going on it and in Tower-D which also has 50 floors has started structure work.Hi, I have some current construction status as per the builders Tower-A which has 60 floors, structure, external and internal plaster work is going on. Tower-B which also has 60 floors, structure and internal plaster work is going on. Tower-C which has 50 floor, structure work is going on it and in Tower-D which also has 50 floors has started structure work.
Q: As per a local NGO, Mira Bhayander Municipal Corporation (MBMC) has failed to control illegal constructions within its civic limits.

My replies to this discussion
@Vinay.... It is heard that the Trust had filed a Public Interest Litigation last year in this matter, in which it alleged that apart from its failure to stop illegal constructions, the civic body has not initiated legal action against the officers concerned. @Vinay.... It is heard that the Trust had filed a Public Interest Litigation last year in this matter, in which it alleged that apart from its failure to stop illegal constructions, the civic body has not initiated legal action against the officers concerned.
My comments to replies
@Vinay.... It is heard that the Trust had filed a Public Interest Litigation last year in this matter, in which it alleged that apart from its failure to stop illegal constructions, the civic body has not initiated legal action against the officers concerned.
The illegal construction is leading to encroachment, worsen conditions of open spaces, school and colleges. Even the state government authorities issued notice to the civic administration following Governor's orders. However, in spite of that the civic body failed to pay attention.
24th September 2015

Q: To enable time bound and hassle free clearances for projects in urban areas, central govt. has decided on stream lining approvals and will soon issue a notification to this effect by the end of November.

My replies to this discussion
Maps for the other 3-airports will be made available by December while those of another 14-airports would be uploaded by the end of next year which would take care of over 90% of applications for clearances. At the same time, No Objection Application System (NOCAS-II) would be soft launched on October 31 and would be available for use of applicants, eliminating human interface for approvals.Maps for the other 3-airports will be made available by December while those of another 14-airports would be uploaded by the end of next year which would take care of over 90% of applications for clearances. At the same time, No Objection Application System (NOCAS-II) would be soft launched on October 31 and would be available for use of applicants, eliminating human interface for approvals.
Q: Hi,I am quite interested in buying a flat in imperial heights,dahisar.. I want to know like..would it be a good and safe deal? Also,i learnt that it was launched in Jan 2013 and when i visited the site couple of days back,it reached upto 2nd slab only!B-wing)..i feel it should have been around completion by now. I m confused as they committed the possession by Dec'2016 and now they say Dec'2017. I think the construction was aborted and then again they resumed sometime back..Please advice.

My replies to this discussion
Hi, Regarding the builder I can say that they are in this business for long in the past. So they are trustworthy. But remember my friend, you are going to invest huge hard earned money so it all depends on you. A buyer needs to keep in mind certain things before buying property, so as to ensure that they are striking the right deal. Certain points which you have to find while going for deal 1) Background check of the builders, 2) Past performance, 3) Quality certificate, and 4) Financial stability.Hi, Regarding the builder I can say that they are in this business for long in the past. So they are trustworthy. But remember my friend, you are going to invest huge hard earned money so it all depends on you. A buyer needs to keep in mind certain things before buying property, so as to ensure that they are striking the right deal. Certain points which you have to find while going for deal 1) Background check of the builders, 2) Past performance, 3) Quality certificate, and 4) Financial stability.
My comments to replies
You are right Rajat. Word of mouth: This is one of the easiest way to find out details about the reputation of a builder. If this builder has recently done some work for your colleagues, family friends etc. then they will surely be in a position to share their experiences with you. This is absolutely impartial information that no broker can give you.
@Bikram, Secondly, check whether your builder is associated with any Builders associations or not. If yes, then there are many such organizations or associations such as Builders Association of India (BAI), CREDAI etc. which provides an ethical code of conduct which is mandatory to follow for all the member builders and developers. It determines certain rules that need to be followed by all builders or members and any one who defaults or violates the rules are listed in list of blacklisted companies. You must go for it before buying property.
5th November 2015

Q: I have heard that phase one will be completed by 2017. Will it be completed.if delay than till which year.

My replies to this discussion
Hello Vijay, Which project are you talking about? Can you mention the name of project and it's builder? It will help me a lot to provide you the right information.Hello Vijay, Which project are you talking about? Can you mention the name of project and it's builder? It will help me a lot to provide you the right information.
My replies to this discussion
Hi Dipesh, You are equally responsible for that. It was not a matter of Rs. 100 or 1000. You were going to invest lakhs of rupees which you have saved for your future. If you have checked all the legal approvals such as IOD and CC, have read the agreement and verified it before buying property then you will be in a safe hand today.Hi Dipesh, You are equally responsible for that. It was not a matter of Rs. 100 or 1000. You were going to invest lakhs of rupees which you have saved for your future. If you have checked all the legal approvals such as IOD and CC, have read the agreement and verified it before buying property then you will be in a safe hand today.
Q: Good morning guys, Which localities in MMR are the top performers as per the rental value in 2015?

My comments to replies
Hi Ramesk, But as per my rental property search i found that the highest rental gainer was South Mumbai's Breach Candy, which witnessed values rising to the tune of 13% during the period.
It's true Sujan, And if you look towards Mulund and Mulund East followed by Beach candy with a growth of 7% each. The localities mainly house the business class with an annual income of Rs 20-40 lakh. The rental rates grew in anticipation of the Ghatkopar-Mulund metro corridor, and the availability of quality but affordable homes.
7th December 2015

Q: Whether the project is approved?. and best price at which i should purchase

My comments to replies
Hi, Ulwe has become one of the most prominent nodes in Navi Mumbai developed by CIDCO. Its easy connectivity to the nearby places via Road and Railways is the prime reason why people opt this place for property investment. This area is situated along the South Western water front of the CBD of Navi Mumbai and extends down towards the JNPT port in the South. It is also strategically situated across the Panvel Creek and is in visual contact with CBD at Belapur & Seawoods Nerul.
Right Kishore, Ulwe, as it is very close to upcoming Navi Mumbai International Airport. And the price are quite affordable now. It is one of the fast developing nodes in the city and offers 1BHK units ranging from Rs 24-30 lakh. Invest there with a reputed builder and in good location. It is likely to be recognized as a prominent location for investors, working professionals and property buyers. Annual return would be around 30-35% subject to growth and risk factors.
28th December 2015

Q: Mumbai Metropolitan Region Development Authority has decided that Metro-II corridor will be elevated and not underground.

My replies to this discussion
The Metro-2 corridor had faced opposition from those living on Linking Road between Santacruz and Bandra who wanted it underground. But as the project cost was estimated at Rs 25000 crore three times costlier than an elevated corridor. So, MMRDA decided to build an elevated Metro-2.The Metro-2 corridor had faced opposition from those living on Linking Road between Santacruz and Bandra who wanted it underground. But as the project cost was estimated at Rs 25000 crore three times costlier than an elevated corridor. So, MMRDA decided to build an elevated Metro-2.
My comments to replies
The Metro-2 corridor had faced opposition from those living on Linking Road between Santacruz and Bandra who wanted it underground. But as the project cost was estimated at Rs 25000 crore three times costlier than an elevated corridor. So, MMRDA decided to build an elevated Metro-2.
@David, But the detailed project report will have to be approved in the MMRDA meeting before it is placed before the cabinet. Later on, tenders for the work can be invited.
28th December 2015

Q: Local private equity fund Multiples Alternatives, along with some former senior bankers, will invest over Rs.100 crore in Mumbai based housing finance co.Vastu Housing Finance Corp.

My replies to this discussion
Hi folks, I heard that this start-up, with a new management and strong capital base, will use technology to reach out to potential customers and made sure a smooth loan distribution. The company will now build the sales force, the team and branch network another time, and in its new incarnation, it is expected to have a loan book of Rs 6,000 crore by 2016.Hi folks, I heard that this start-up, with a new management and strong capital base, will use technology to reach out to potential customers and made sure a smooth loan distribution. The company will now build the sales force, the team and branch network another time, and in its new incarnation, it is expected to have a loan book of Rs 6,000 crore by 2016.
Q: Builders in Maharashtra taking caution on Govt.'s move to redevelop Dharavi Slum spread over 154 hectare in North-central Mumbai through PPP model.

My comments to replies
For affordabale Flats & villas in jaipur.visit to our websites www.ashadeepgroup.com
Hi, Do you have any project in Mumbai or Navi Mumbai? I am planning to buy a 2BHK and my budget is Rs. 75 lacs. If there any development near Mumbai or Navi Mumbai, plz. let me know. Thanks ...
27th January 2016

Q: Realty developer Sunteck Realty is looking to raise about Rs 100 crore through issuance of non-convertible debentures.
My replies to this discussion
It is also come to know that the Sunteck Realty is looking for closure of the second chunk in the next two weeks. The company is pleased with the solid appetite for their credit paper from high quality institutional investors in their debut NCD issuance.It is also come to know that the Sunteck Realty is looking for closure of the second chunk in the next two weeks. The company is pleased with the solid appetite for their credit paper from high quality institutional investors in their debut NCD issuance.
My comments to replies
It is also come to know that the Sunteck Realty is looking for closure of the second chunk in the next two weeks. The company is pleased with the solid appetite for their credit paper from high quality institutional investors in their debut NCD issuance.
As per the news, the company is planning to use the NCD proceeds for swapping high-cost debt and increasing its medium to long-term resources. The NCDs will also enable the company to extend its maturity profile and would lead to efficient asset-liability management.
15th January 2016

It has seen that many real estate developers with ongoing projects are looking to use funds raised through private equity and institutional investors to refinance their high-cost loans at a lower rate of interest.
Right Ajit, The company has allotted 5500, secured redeemable non-convertible debentures of Rs 1 lakh each, aggregating Rs 55 crore, on private placement basis. Currently, Sunteck Realty has a portfolio of total 24 projects spread over 25 million sq-ft. Of these, five million sq-ft space in 13 projects is under sale and execution across Mumbai, Goa and Nagpur.
15th January 2016

Q: Maharashtra Government has simplified the procedure to convert farmland into non-agriculture land for plots covered under Developments plan in urban areas.

My comments to replies
Hi Bablu, I think this move of Maharashtra Government will boost the realty development in the state. The government has finished the need to obtain permission for changing the use of land to non-agricultural category for land covered under the developments plan.
Hi Jackie, But the implementation of the decision was facing some problems at the regional level. To get away with the problems the government has come out with a Government Resolution that has instructions in this regard. The Government Resolution demands to make the land conversion procedure easy.
21st January 2016

Hi everybody, It really sounds good. The Government resolution has also made it necessary for revenue officials to prepare details of classification of land (agriculture or non-agriculture) within 30 days of receiving an application.
At the same time, Collector's offices have been asked to create data banks and set up special cells. Chief Minister Devendra Fadnavis has ordered all the Collectors to accelerate the processes to grant NA permissions.
21st January 2016

Q: Maharashtra government has directed all municipal corporations in the state to conduct a survey of all old and shabby buildings before the beginning of monsoon and disconnect water and electricity supply in case residents therein refuse to vacate them.

My comments to replies
They also directed the corporations to categories as ''C-1'' buildings that are in terrible need of repairs and need to be vacated immediately by the residents. Similarly, ''C-2 (A)'' category will be given if the building needs to be vacated in near future for structural repairs and ''C-2 (B)'' category would mean that structural repairs can be done without its residents vacating the building. ''C-3'' category is given for very minor repairs needed.
It is a good step by the local body. I appreciate it. The ''C-1'' category buildings will warrant immediate vacation by issuing a notice under section 354 of BMC Act and the building will be demolished.
9th February 2016

Hi folks, And the concerned authority will be responsible for repairs. They also required to calculate the FSI of each tenant and give certificate of the same to the tenant and the building owner.
Well Amreesh, The responsibility of shifting people living in dangerous buildings will be with the police. Also, in case of a corporation building, the civic body will need to make an alternate accommodation arrangement.
9th February 2016

Q: Do you need a comfortable loan to your satisfaction? We are based in USA, We offer affordable loan at 3% interest rate available for local and international borrowers . We are certified , trustworthy , reliable , efficient , fast and dynamic and co - operate. we give out long term loan from two to fifty years maximum. contact us at: johnpotto4@gmail.com

My replies to this discussion
Hi John!!! Which are the leading home loan companies and mortgage lender in Andaman Nicobar? How much i can get as a Mortgage Loans in Andaman & Nicobar?Hi John!!! Which are the leading home loan companies and mortgage lender in Andaman Nicobar? How much i can get as a Mortgage Loans in Andaman & Nicobar?
Q: Hello sir I want information of ur services to society by you

My replies to this discussion
Hello Sir, CommonFloor Groups provides you the platform and tools to bring all residents together to build a happy community. 1) Discussion Forums: Bring out the best solutions, always. 2) Notices: Important information reaches your inbox, every time. 3) Events: Bring everyone together, to celebrate or to solve issues. 4) Resident Directory: Reach out to fellow residents, easily.Hello Sir, CommonFloor Groups provides you the platform and tools to bring all residents together to build a happy community. 1) Discussion Forums: Bring out the best solutions, always. 2) Notices: Important information reaches your inbox, every time. 3) Events: Bring everyone together, to celebrate or to solve issues. 4) Resident Directory: Reach out to fellow residents, easily.
Q: The MMRDA had last tried to sell land in the BKC in 2010 but unfortunately failed to get a single bidder.
My comments to replies
As the commercial real estate market recovering slowly, the Mumbai Metropolitan Region Development Authority (MMRDA) has decided to auction one of its largest remaining commercial plots in the business districts, expecting to collect in a minimum of Rs. 1479 crore.
Yes, in 2010 they had failed to attract a single bidder. But the MMRDA’s last successful auction was in 2008. Now after 6 yrs. the authority has set a similar reserve price of Rs. 295800/sq-mt, for a total permissible built-up area of 50000 sq-mt. The plot, roughly 1.5 hectare in size, is located at BKC's prime G Block, close to area proposed to be declared as an International Financial Service Centre.
5th April 2016

To get global investors and lift BKC's image internationally, this time, the MMRDA has engaged real estate services firm CBRE to conduct road shows with major companies across global financial capitals ahead of the auction.
@Santosh, One more thing which i heard that the company which clinches the deal will have a 9-month time period to make the entire payment to the MMRDA, instead of the earlier 2-months. They also know that market is not strong enough this time so, they decided to keep the reserve price slightly lower than the amount they got last time.
5th April 2016

Q: Builder says in possession letter that he has all rights on the building terrace for use / renting / advertisement etc for always ! Such condition is not mentioned in sale agreement. To sign on such possession letter or not ?

My comments to replies
Hi Imtiyaz, Owning or occupying the terrace of a housing society building is unfair and illegal. The builder/developer has no right to sell the terrace. Some developers of co-operative housing societies resort to the unfair practice of selling the rooftop / terrace. Better, take the advice of a legal expert and send developers a legal notice for unfair trade practice.
Yes, Dev is right. It has also come to light that in some housing societies, owners of the flats at the top floor claim ownership of the terrace and prevent other owners from using the same. Both these actions are contrary to the conditions as per law. As per Development Control (DC) Rules and Maharashtra Ownership Flat Act (MOFA), all the members should have access to open terraces.
11th April 2016

My comments to replies
Hi Pathania sir, I have not seen this project moving fast as they have completed 18-20 floors in last 5 yrs. The location is too compromised. It is almost between slums. There is no place to drive car. How did you see quality- they have only done the concrete work. Quality will show up from brickwork. The carpet areas seems to be marginally higher than other recent launch.
I am partly agree with Shantanu. I will advised you to only invest if you have the patience to wait for another 2-3 yrs. I know HDIL claims Dec 2016, but I do not think it can deliver by that time. So far the construction and brickwork quality is decent but do not know what he will do in the future. HDIL situation has improved a lot as per his qtr earnings but no one knows the future.
16th May 2016

Q: i m planning to purchase a property at naigaon east in ornate galaxy, want to know how well naigaon its going to develop to according to that i can assume my profit margin for future
My replies to this discussion
Hi folks, About the infra, yes there is a highway proposed that will connect directly to Vasai. However, that is a 10 yrs process just like how Miraroad has developed. Naigaon is the best place to invest currently if you are looking for a long term investment. Don't expect that property price in Naigaon will touch Mira road level in 3-5 yrs.Hi folks, About the infra, yes there is a highway proposed that will connect directly to Vasai. However, that is a 10 yrs process just like how Miraroad has developed. Naigaon is the best place to invest currently if you are looking for a long term investment. Don't expect that property price in Naigaon will touch Mira road level in 3-5 yrs.
Q: Hi, My budget is 30L. I have shortlisted 2 projects. Shantee Sunshine Sapphire in Vasai and Ornate galaxy in Naigaon. I am confused between two location. I am looking for investment and both seems good option and both has pro's and cons. I would like to ask experts about this which place is better?
My replies to this discussion
It is very hard to get a residential flats and plots in Mumbai at affordable rates but Naigaon, Vasai and Khopoli are some of the areas that have residential plot available within Rs 25 lakh to Rs 30 lakh. On the other hand apartments are available in Virar, Vasai, Nallasopara, Kalyan and Naigaon. Secondly, Naigaon has all important proposed public infrastructure projects in vicinity. It is a part of the proposed Western Railway Elevated Corridor connecting Churchgate and Virar. Possibly the only place which is still undervalued in terms of pricing compared to others in Western Suburbs.It is very hard to get a residential flats and plots in Mumbai at affordable rates but Naigaon, Vasai and Khopoli are some of the areas that have residential plot available within Rs 25 lakh to Rs 30 lakh. On the other hand apartments are available in Virar, Vasai, Nallasopara, Kalyan and Naigaon. Secondly, Naigaon has all important proposed public infrastructure projects in vicinity. It is a part of the proposed Western Railway Elevated Corridor connecting Churchgate and Virar. Possibly the only place which is still undervalued in terms of pricing compared to others in Western Suburbs.
My comments to replies
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 Ketal!! I will suggest you to form a what's group and gather all the buyers of this project as this project is delayed by more than 5 yrs but no progress seen. Buyers are asking for their refund. You will get only negative reviews about this builder and its project.
30th May 2016

Q: Hi Friends, Maximum resident has occupied the flats since last 3 yrs but builder has not given OC or Possession Letter. The builder says he has applied for OC but due to environment department there is delay. What should be done in this case to protect flats by different owners. nor society is formed till because Registrar says they will not allow any society to be form which do not have OC
My comments to replies
Hi Amarjeet, No Occupancy Certificate means that the building has not been given a "Pass Certificate" by the concerned authority. As such, it does not have all the necessary infrastructure or clearances that make the building inhabitable. You might heard the news of Campa Cola Society where no necessary clearance was taken by the builder and building was demolished. So, visit the developer as soon as possible and pressurize them for OC.
Yes, my word of advice is that people should not occupy the building without occupancy certificate. Without a proper Occupancy Certificate, an apartment owner may sometimes be relieve of necessary amenities like electricity and water. You may also face a threat of displacement if you don't possess an Occupancy Certificate.
31st May 2016

Q: property was purchased in 1953 and since hen it belonged to my father and now i am inheriting this property so will be there any difference in registration charges since its a inherited ??
My comments to replies
Hi Rishi! What are the most important things to do as a precautionary measure to avoid future legal issues or complications with respect to inherited property?
Good question Apurva... Make sure that a Will is made and duly registered. One can always draft a fresh Will anytime and have it registered again. The last registered Will is the one that will be used. Ensure property matters are discussed and clarified between siblings so that there are no complicated legal dispute later on.
1st June 2016

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

My comments to replies
Hi Suren, Do you know that the Maharashtra Government has raised the Ready Reckoner Rate by 7% in Nashik. The state government has increased the Ready Reckoner Rates in the range from 2 to 20% with an average hike of 10% in various pockets across Nashik with effect from April 1st 2016.
Right Mani, In a move to support the central government's vision of housing for all by 2022, the Maharashtra government is has waived stamp duty for houses with an area of less than 250 sq-ft and offered concessional rates for residences up to 450 sq-ft. Residences above 450 sq-ft in area will not get any concession or waiver. This is the first time the government will give up stamp duty, levied at 5% of the property value, or offer a concession on the charge for homebuyers.
7th June 2016

Q: He, i am interested in this project but i didn't find any details of this project. Can anybody share some inputs of this project?
My replies to this discussion
Hi Dharmaja, As the project is still in pre-launch phase so it is very difficult to predict the possession date. But, they have applied for IOD and CC for this project and waiting for the approval. Once, they will get the approvals, at the same time they launched the project and will declare it's possession date. As far as funding is concerned, all the major banks such as HDFC, DHFL, GIC Housing Fin Ltd., ICICI Banks have approved for loan.Hi Dharmaja, As the project is still in pre-launch phase so it is very difficult to predict the possession date. But, they have applied for IOD and CC for this project and waiting for the approval. Once, they will get the approvals, at the same time they launched the project and will declare it's possession date. As far as funding is concerned, all the major banks such as HDFC, DHFL, GIC Housing Fin Ltd., ICICI Banks have approved for loan.
My comments to replies
Hi Dharmaja, As the project is still in pre-launch phase so it is very difficult to predict the possession date. But, they have applied for IOD and CC for this project and waiting for the approval. Once, they will get the approvals, at the same time they launched the project and will declare it's possession date. As far as funding is concerned, all the major banks such as HDFC, DHFL, GIC Housing Fin Ltd., ICICI Banks have approved for loan.
Good Morning Nitesh!!! It is an excellent location between Mumbai and Pune and accessible to the Mumbai-Pune Expressway. The new airport that is coming will be a 15 minute drive and the community is next to MIDC project and the Reliance SEZ. As Mumbai continues to expand this location will be come a prime location for residence as well as a second home.
21st July 2016

My replies to this discussion
Hi friend!!! Project seems to be 80-90% sold out, only few flats are available from builder as well as in resale. Construction in full pace although delayed by 2 yrs. but rest things look in place. Rate on higher side approx 7300/sq-ft.Hi friend!!! Project seems to be 80-90% sold out, only few flats are available from builder as well as in resale. Construction in full pace although delayed by 2 yrs. but rest things look in place. Rate on higher side approx 7300/sq-ft.
My comments to replies
Hi Dinesh, Did you send builder a mail regarding your flat cancellation and for refund of amount which you have paid? If yes, and builder is not taking any immediate action then file a case in consumer court as well as in your local police station against the builder.
Yes, i am agree with Pradyuman.... I m one of the victim of vmc vrindavan garden project. As i viewed all previous complaints against the VMC Builder and realized they are not afraid for anyone and not even have work ethics. If you think, that i m lying to you then search in google, you will get bag of full negative reviews against this builder.
9th August 2016

Q: Hi, does anyone have any update on the chaubey realties project in Dahisar for Signature 1 and Signature 2? It looks like the project is stalled. And the expected completion date was June 2017.

My comments to replies
Hi, Chaubey Realties Pvt. Ltd. Signature-1 is a ongoing project in Dahisar East, Mumbai and currently under constrction and it is expected that they have changed the possession date of this project from June, 2017 to March 2018.
Yes, Phase-1 is under construction but construction work for Signature Phase-2 has been stalled and not sure when are they going to start it. If you have any information on it, plz. update here as lot's of buyers of this project has been waiting for the latest information. Thanks....
19th September 2016

My replies to this discussion
Hi friends!! Since Kanakia Hollywood is a pre-launch so, potential buyers should be careful about regulatory approval documentation till date. I think both CRZ and EC clearances could apply to this plot, though not sure whether Versova falls within the definition of 'bay' or not. It would be better to wait till RERA is notified in Maharashtra before making any commitments.Hi friends!! Since Kanakia Hollywood is a pre-launch so, potential buyers should be careful about regulatory approval documentation till date. I think both CRZ and EC clearances could apply to this plot, though not sure whether Versova falls within the definition of 'bay' or not. It would be better to wait till RERA is notified in Maharashtra before making any commitments.
Q: Planning to buy independent house in meerut and need some reviews regarding Vardhaman Emrald Green project by Ajanta Colonizer. Is it MDA approved?

My comments to replies
Hi Anurag!! Ajanta Vardhman Emerald Greens is an international standard residential complex located on the Roorkee Road in Meerut. This project is spread over 16 acres of land and offering 2,3 and 4BHK flats. Sizes of the flats are available from 927/962/880/930 sq-ft. in 2BHK, 1173/1236/1260/1350 sq-ft. in 3BHK and 1703 sq-ft. in 4BHK Villa. This project is ready-to-move and still few flats are available from builder as well as in resale option.
Hi Anurag!!! Did you visit the project site? Better, visit the project site first before finalizing your unit. Check all the legal approvals, ask in the neighborhood about the water and electricity services, ask the residents of the society about the civic issue if any, check the connectivity and the daily basic facilities from the project site, ask for the hidden charges, check transport facilities in the locality and then proceed. Now-a-days, project get delay due to project approvals and the fund crisis.
16th November 2016

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

My replies to this discussion
Hi Mani, As you have said now that you have booked a 2BHK unit and visited the construction site, so i would like to ask about the locality and its connectivity to the other parts of MMR? How far is the daily basic amenities such as grocery shop, banks/ATMS, schools, eating outlets, malls/markets from the project site? Is the locality good for family living?Hi Mani, As you have said now that you have booked a 2BHK unit and visited the construction site, so i would like to ask about the locality and its connectivity to the other parts of MMR? How far is the daily basic amenities such as grocery shop, banks/ATMS, schools, eating outlets, malls/markets from the project site? Is the locality good for family living?
Q: Please share some thoughts on investment in GB road. This seems to be a good project.

My replies to this discussion
Hi, As far as locality is concerned, Thane West is one of the well-developed localities in Mumbai. It is good for both investment as well as for end use. It is only 4.3 km (7m drive) from Eastern Highway and 5.1 km from the Railway Station. It is also within close proximity to NH-3, NH-4 and enjoys good connectivity with the rest of Mumbai. It is centrally located and provides seamless connectivity to all prime areas of Mumbai. All the daily basic necessities are in close proximity.Hi, As far as locality is concerned, Thane West is one of the well-developed localities in Mumbai. It is good for both investment as well as for end use. It is only 4.3 km (7m drive) from Eastern Highway and 5.1 km from the Railway Station. It is also within close proximity to NH-3, NH-4 and enjoys good connectivity with the rest of Mumbai. It is centrally located and provides seamless connectivity to all prime areas of Mumbai. All the daily basic necessities are in close proximity.
My replies to this discussion
Hi Rajesh, Hi, This is a completed project so only resale flats are available by builder floor or you can consult a local broker. But before that you should, check all the legal documents, visit the project site, ask the owners of the property if there is any issue with the locality, check the basic amenities from the project site and the connectivity to the other parts of the city. Then you should proceed further.Hi Rajesh, Hi, This is a completed project so only resale flats are available by builder floor or you can consult a local broker. But before that you should, check all the legal documents, visit the project site, ask the owners of the property if there is any issue with the locality, check the basic amenities from the project site and the connectivity to the other parts of the city. Then you should proceed further.
Q: Where is the project Freeway 37 strategically located in Wadala? How is the project locality and the connectivity?

My replies to this discussion
Hello Ravi, Many renowned schools and colleges located in Wadala like Veermata JiJabai Technological Institute, South India Welfare Society and Khalsa College. R Mall, High Street Pheonix, Palladium Mall are some of the famous malls around Wadala that fulfill lifestyle needs of residents. Wadala has witnessed rapid infrastructure development due to its good location. Dadar, Sion, Matunga are three nearby railway stations. Apart from these, the infrastructure projects like the monorail, the Sea Link, Truck Terminal and the expansion of Highway are in various stages of development.Hello Ravi, Many renowned schools and colleges located in Wadala like Veermata JiJabai Technological Institute, South India Welfare Society and Khalsa College. R Mall, High Street Pheonix, Palladium Mall are some of the famous malls around Wadala that fulfill lifestyle needs of residents. Wadala has witnessed rapid infrastructure development due to its good location. Dadar, Sion, Matunga are three nearby railway stations. Apart from these, the infrastructure projects like the monorail, the Sea Link, Truck Terminal and the expansion of Highway are in various stages of development.
Q: After reading numerous complaints for Jaycee Homes Mumbai, I am surprised they are not blacklisted yet...Being an investor myself I have regretfully learnt how EACH and EVERY project of theirs is in doldrums after accepting huge advances from Investors...One of the biggest frauds in construction section in Mumbai perhaps?

My replies to this discussion
Hi, I had booked a flat of this builder at Bhagtani Rio project at Mira Road, Mumbai with a down payment plan of 7 lakh on 2nd June 2014. In the agreement, it is mentioned that, if there is any delay in starting the project, they will return it with an interest of 9%. Now, after 31 months, i contacted their office to get back my money, they are saying that after another 15 months, the amount will be refunded. Don't invest any of their projects. There are project are delayed by 3-5 yrs. Plz. stay away from this builder.Hi, I had booked a flat of this builder at Bhagtani Rio project at Mira Road, Mumbai with a down payment plan of 7 lakh on 2nd June 2014. In the agreement, it is mentioned that, if there is any delay in starting the project, they will return it with an interest of 9%. Now, after 31 months, i contacted their office to get back my money, they are saying that after another 15 months, the amount will be refunded. Don't invest any of their projects. There are project are delayed by 3-5 yrs. Plz. stay away from this builder.
My replies to this discussion
HI Afsar, Is it LNT or L&T Realty? And which project are you talking about in Bandra? I didn't get any such project by LNT Or L&T in Bandra.HI Afsar, Is it LNT or L&T Realty? And which project are you talking about in Bandra? I didn't get any such project by LNT Or L&T in Bandra.
Q: I had seen two property in vichumbe. Both are resale and age is 7 years and 4 years respectively. Can you please help me out with actual cost of property. Both are built up area of 975. is it good to buy?

My replies to this discussion
Be careful before buying property in Usarli Khurd, New Panvel. Road construction and drinking water condition is very poor. The village people are struggling for drinking water and even the residents of Raje-Shivaji-Sankul-Usrali and nearby areas. So, visit the locality first and check the basic amenities.Be careful before buying property in Usarli Khurd, New Panvel. Road construction and drinking water condition is very poor. The village people are struggling for drinking water and even the residents of Raje-Shivaji-Sankul-Usrali and nearby areas. So, visit the locality first and check the basic amenities.
Q: Hi, I am thinking of buying a property in Garden Grove Phase 2 by Kamala Builders. It's a 3bhk and the locality is Chickoowadi borivali west. Wanted to know review of this property if someone has already bought a flat or is staying in one of their 2bhks for which possession were already given.

My replies to this discussion
Hello Dhara!! Before buying flat in Garden Grove Phase-2, visit the builder's office, ask for all the legal approvals such as title deed, approved floor plan, IOD and Commencement Certificate, all required NOC from the authority, banks approval, completion and occupancy certificate. Verify it by a legal expert and then go for it.Hello Dhara!! Before buying flat in Garden Grove Phase-2, visit the builder's office, ask for all the legal approvals such as title deed, approved floor plan, IOD and Commencement Certificate, all required NOC from the authority, banks approval, completion and occupancy certificate. Verify it by a legal expert and then go for it.
Q: http://indianexpress.com/article/cities/mumbai/builders-death-arrested-ncp-leader-violated-norms-in-his-own-building-projects/ read about d owner on above link

My replies to this discussion
Thanks you Hitesh, I was thinking of buying 2BHK here as project looks promising but not after knowing about the owner of the company. And my sincere request to all don't put your money here. Chairman of this company is a serious offender and has extortion and irregularities cases against him and published in Indian Express . Do not buy anything where criminals own companies like this.Thanks you Hitesh, I was thinking of buying 2BHK here as project looks promising but not after knowing about the owner of the company. And my sincere request to all don't put your money here. Chairman of this company is a serious offender and has extortion and irregularities cases against him and published in Indian Express . Do not buy anything where criminals own companies like this.
My replies to this discussion
Hi Sonal!! There are many good projects in Mumbai. Which locality of Mumbai are you looking to buy your flat? What is your budget and BHK configuration? Are you looking for any specific builder's project? Kindly specify your query....Hi Sonal!! There are many good projects in Mumbai. Which locality of Mumbai are you looking to buy your flat? What is your budget and BHK configuration? Are you looking for any specific builder's project? Kindly specify your query....
My replies to this discussion
Hi Rohit, From the beginning of 1st June 2017, construction work will start on Lodha Upper Thane, Majiwada. As per RERA, every project has to be registered with the Regulatory Authority so that they can update all the project approval related details on their website.Hi Rohit, From the beginning of 1st June 2017, construction work will start on Lodha Upper Thane, Majiwada. As per RERA, every project has to be registered with the Regulatory Authority so that they can update all the project approval related details on their website.
Q: Best project for self use. I recently purchased an apt here. Sales people were very genuine & cleared all my doubts.
My comments to replies
Hi Abhai, Can you share some information about this project? What is the current status of this project? When are they giving possession? Are all approval in place?
Good afternoon Abhai! Acme Boulevard is a under construction project and all approvals are in place as they have got the commencement certificate and getting floor wise approvals from CIDCO. Banks like HDFC, SBI and PNB are offering housing loan for it. They are offering possession by December 2018. For any query plz feel free to write me. Thanks.
18th May 2017

Thanks Rajat, Any idea about size of the plot ? Is it high density? Is it a leasehold or freehold? They have recently come up with some Rs.4.99 lacs scheme. Is it worth buying?
Well Hitesh, Looking at the Kandivali project status don't think that this will be a wise decision. The locality has seen a 1.15 percent decrease in property prices in last 1 year. There are many other options in the locality. Go for those.
18th May 2017

Q: yes there is a upcoming realestate luxury project in versova name Sd Corp versova developed by Sd Corp Group.
My comments to replies
Hi Abhi, What is the current status of this project? Has this project been launched or still in pre-launch phase? How is the developer? Is it a safe investment? Kindly reply soon!!
Hello Meghna!! SD Corp Versova is a pre-launched project by SD Corp. It is a joint venture with Shapoorji Pallonji Real Estate and it undertakes SRA projects majorly. Construction will be done by Shapoorji Pallonji Construction itself so you can be assured of it as it is a 150 year old company.
16th June 2017

My replies to this discussion
Hi, Revanta launched by Piramal Realty Group is located at Mulund West in Mumbai. This residential project offers well-designed 1, 2 and 3 BHK apartments for sale. The project is currently in an under-construction stage and the apartments are available in the size ranging from 743 sq ft to 1,987 sq ft. Spreading in an area of 8.4 acres, the mode of availability is only through the developer. The possession is likely to be in December 2020.Hi, Revanta launched by Piramal Realty Group is located at Mulund West in Mumbai. This residential project offers well-designed 1, 2 and 3 BHK apartments for sale. The project is currently in an under-construction stage and the apartments are available in the size ranging from 743 sq ft to 1,987 sq ft. Spreading in an area of 8.4 acres, the mode of availability is only through the developer. The possession is likely to be in December 2020.
My comments to replies
Hi Rajat, Is it a RERA approved projecct? If yes, then what is its RERA Registration no and which all banks have approved it?
Hello Shalini, Yes, Revanta by Piramal Group is a RERA approved project and its registration number is P51800005983. As far as bank approval is concerned, almost all the leading banks and financial institutions such as HDFC, ICICI, PNB, SBI etc are offering loan for it.
18th September 2017

Q: Hello Vishal , do you this we should invest in this property. i have heard that there is water and power problems also
My replies to this discussion
Hello Prajakta, Which project are you talking about and who is the developer if this project? Can you tell me the location of the property? Your query is incomplete, please complete your query so that i can reply you in proper manner. Thanks.Hello Prajakta, Which project are you talking about and who is the developer if this project? Can you tell me the location of the property? Your query is incomplete, please complete your query so that i can reply you in proper manner. Thanks.
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
Good afternoon Sudhir, Are you looking for Plots in Chirle? Here is the list of plots available for sale in Chirle at an affordable rate. To get more details and price of these plots, click this link Plots for sale in Chirle Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.Good afternoon Sudhir, Are you looking for Plots in Chirle? Here is the list of plots available for sale in Chirle at an affordable rate. To get more details and price of these plots, click this link Plots for sale in Chirle Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: Shapoorji Pallonji Oshiwara is the most common name in the Field of Real Estate offering the 1 to 3 BHK Flats in the affordable price Charge.visit www.shapoorjipallonjioshiwara.in

My replies to this discussion
Hi, Shapoorji Pallonji Oshiwara is an upcoming residential project by the renowned real estate developer Shapoorji Pallonji Group which is located in the stunning residential locality of Oshiwara in Mumbai. This is a prime location of Mumbai where you will find the excellent connectivity to other significant locations. It offers 1, 2, and 3 BHK residential flats in the affordable price range. The builder has not disclosed the property details as it is in prelaunch phase and waiting for the MAHARERA approval.Hi, Shapoorji Pallonji Oshiwara is an upcoming residential project by the renowned real estate developer Shapoorji Pallonji Group which is located in the stunning residential locality of Oshiwara in Mumbai. This is a prime location of Mumbai where you will find the excellent connectivity to other significant locations. It offers 1, 2, and 3 BHK residential flats in the affordable price range. The builder has not disclosed the property details as it is in prelaunch phase and waiting for the MAHARERA approval.
Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!