Arushisha, Mumbai
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Rates of stamp duty for an apartment in Navi Mumbai
Q: I want to know the rates and other details for fixing the stamp duty & registration of a flat in Navi Mumbai

My replies to this discussion
Hi, I heard that stamp duty is given up for transferring property in Navi Mumbai to close relatives. Is this already effective or is it still 2%?Hi, I heard that stamp duty is given up for transferring property in Navi Mumbai to close relatives. Is this already effective or is it still 2%?
VAT on under construction property.
Q: Is this correct that all the buyers who bought under construction property between Jun 2006 to March 2010, will have to pay 5% VAT on agreement value plus an interest of 15% per annum?

My comments to replies
If govt ask to pay 5%+ int, this will be injustice for all the people who purchased property during said period. Because, govt has later realized that it is a exuberant amount they are charging and later on resorted to 1 % tax after 1 Apr 2010. So, why this injustice to the people who purchased in the that 4 year period? This is illogical and injustice.
True Sandeep, Effective 1st June 2015, the service tax is currently 14% of the 25% of the total agreement value for properties below Rs 1 cr or 2000 sq. ft. area in size. For properties exceeding or equal to Rs 1 crore or more than 2000 sq. ft. area, the service tax is 14% of 30% of the total agreement value.
17th August 2015

I would like to know the Carpet Area of the 2bhk and 3bhk apartments. Is the built up area the same as saleable area? What is the loading? What are the factors being loaded?

My comments to replies
Hi Ajay, the saleable area for 2 BHK apartments is 1150 sqft and for 3 BHK is 1611 sqft.. That can vary also.. It can be built up area as well..
It is very easy to calculate the carpet area :- Saleable Area = 1150 sq. ft. Loading Factor = 30% (0.30) i.e. (100-30)% Saleable Area = 1150 +1150* 70% = 805 sq-ft. for 2BHK and 1127 sq-ft for 3BHK
22nd May 2015

As per a rule which has been passed recently mentions that a builder should calculate prices only upon carpet area; else it will be illegal.
HI Ajay, It is very easy to calculate the carpet area :- Saleable Area = 1150 sq. ft. Loading Factor = 30% (0.30) i.e. (100-30)% Saleable Area = 1150 +1150* 70% = 805 sq-ft. for 2BHK and 1127 sq-ft for 3BHK
22nd May 2015

Information on Quality of work of Tirupati Balaji Builders and Developers Pvt Ltd
Q: Tirupati Balaji Buiders and Developers PVt Ltd New Panvel Information on Quality of work of Tirupati Balaji Builders and Developers Pvt Ltd New Panvel Mahendra P.K. Singh is managing director.

My comments to replies
Who knows when is the project going to complete. .......... 4 years have gone after payment advanced....
Hi all, In case of delay in project, the builder is legally responsible to refund the amount paid with interest (for the period of delay) as there has been a violation of contract. A promoter, who constructs or intends to construct either commercial or residential building, shall define in writing, the date by which possession of the flat is to be handed over.
12th March 2015

I was booked in balaji sheh dham, that project interiar desin very nice
Hi Ketan, I am planning to buy a 2BHK flats and my budget is 40-45 lacs. Can you suggest me some good project as well as good localities? It is my first investment so i am a little bit scared of TBG project. As there are lot's of negative comments are coming.
3rd September 2015

Dear All, this is an request to all kindly come together to recover our money. Who all had cancel their bookings with Balaji and not got the money back.
Hi Sashi, If you really want good investment you have one another option which is in Khopoli, Navi Mumbai. Bajaj Habitat Builder and construction company offering a very good investment opportunity with major facilities and amenities. Ongoing project of Bajaj Sahil is available for booking of 1BHK and 2BHK flats with super deluxe rooms.
6th January 2016

Hi Guys.. Any update or news on Tirupati Balaji builder.. I have book flat at "Kashish Park".
Hi Yougesh, Tirupati Balaji Builders & Developers are giving possession kashish Park in June 2017 as per their executives.
3rd February 2016

If anyone want current updates on Balaji project please mail us on uupdator@gmail.com
It is came to know that In phase 2 &3 lot of flats are vacant. People are withdrawing the money from Builder. They can't even complete there existing phases even after 4 years. Lot's of home owners of this projects are struggling with their held up money.
21st August 2015

What are the costs incurred while purchase of a resale cidco flat in Airoli, Navi-Mumbai?
Q: I would like to know the net cost for this purchase including all applicable expenses like registration, Stamp duty, Brokerage, Cidco transfer fees, Society charge etc.

My replies to this discussion
Hi all, According to me home buying plans can derail the family's financial planning and put a risk to all other goals. In most of the City, the minimum price of 800-1000 sq-ft house is Rs 80 lacs-1 crore. You will have to pay up all your existing investments (fixed deposits, stocks, equity funds and even the Provident Fund) to raise about Rs 16-20 lakh for the downpayment. The balance Rs 80-84 lakh, if borrowed at 10% for 20 years, it means an EMI of Rs 72000-77200, which is roughly 60% of your combined monthly income of Rs 1.3 lakh. Either you will have to stop saving for your child's goals or your retirement will have to be pushed back.Hi all, According to me home buying plans can derail the family's financial planning and put a risk to all other goals. In most of the City, the minimum price of 800-1000 sq-ft house is Rs 80 lacs-1 crore. You will have to pay up all your existing investments (fixed deposits, stocks, equity funds and even the Provident Fund) to raise about Rs 16-20 lakh for the downpayment. The balance Rs 80-84 lakh, if borrowed at 10% for 20 years, it means an EMI of Rs 72000-77200, which is roughly 60% of your combined monthly income of Rs 1.3 lakh. Either you will have to stop saving for your child's goals or your retirement will have to be pushed back.
My comments to replies
Hi all, According to me home buying plans can derail the family's financial planning and put a risk to all other goals. In most of the City, the minimum price of 800-1000 sq-ft house is Rs 80 lacs-1 crore. You will have to pay up all your existing investments (fixed deposits, stocks, equity funds and even the Provident Fund) to raise about Rs 16-20 lakh for the downpayment. The balance Rs 80-84 lakh, if borrowed at 10% for 20 years, it means an EMI of Rs 72000-77200, which is roughly 60% of your combined monthly income of Rs 1.3 lakh. Either you will have to stop saving for your child's goals or your retirement will have to be pushed back.
Really an eye opener, the home loan EMI should be around 40% of your net household income. But that is if you don't have other loans. A high EMI outgo can put your household budget under pressure.
15th July 2015

Smart Cities in India- Chandigarh may become first smart city .

My replies to this discussion
Hi folks!!!! 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.Hi folks!!!! 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.
My comments to replies
Hi folks!!!! 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.
Right Kalki...... 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

MSRDC plans smart city corridor along Mumbai-Pune E-way.
Q: Do you know that State Road Development Corporation will soon build a corridor of smart cities along the Mumbai-Pune Expressway????

My replies to this discussion
Right Devika, Being a special planning authority will also allow the MSRDC to a Floor-Space Index (FSI) of 0.5 to 1 as additional area for high density development against a premium. Right Devika, Being a special planning authority will also allow the MSRDC to a Floor-Space Index (FSI) of 0.5 to 1 as additional area for high density development against a premium.
My comments to replies
Yes, The state road development corporation is planning to tap its existing land bank and acquiring more, with the chief minister having given an in-principle signal to appoint the corporation as a special planning agency for certain areas. MSRDC has a land bank of about 500 hectare spread across 24 plots along the Mumbai-Pune Expressway. Of the 24 plots, 3 are in the Panvel taluka, 8 in Khalapur, and 13 in the Maval taluka. A vast majority of these plots remain unused.
Even they are planning to acquire land for developing the stretch beyond Lonavala after the ghat section. A majority of the land prior to the ghat section falls in an eco-sensitive zone. They plan to acquire land to have a bank of about 1000-1500 hectares to develop about 2-3 smart cities. The plan is still in its beginning stages and a detailed project report will take time.
27th February 2015

Even MSRDC officials briefly discussed the proposal of building smart cities along the 95-km Mumbai-Pune Expressway with Chief Minister Devendra Fadnavis. The chief minister agreed to appoint MSRDC as the special planning authority for certain areas to help the cash-strapped corporation better utilise its land bank and boost its drying finances.
As per a presentation that MSRDC officials made to Fadnavis, designating MSRDC as a special planning authority along major transport corridors and ring roads will authorize the corporation in many ways. It will allow the MSRDC to award Transfer of Development Rights against the construction of roads and for acquisition of land.
27th February 2015

Corporatisation will bring Mumbai Port in line with top real estate firms.
Q: Is it right that Corporatisation of ports will offer immense elasticity in terms of fund-raising and expansion???

My replies to this discussion
It is matter of government and as the Mumbai port's luck washed out, its land came under the highlight. There were many plans hanging around for real estate development. This consists of rented accommodation and affordable housing. Thanks to the state govt. for this efforts. We can hope for the best.It is matter of government and as the Mumbai port's luck washed out, its land came under the highlight. There were many plans hanging around for real estate development. This consists of rented accommodation and affordable housing. Thanks to the state govt. for this efforts. We can hope for the best.
My comments to replies
It is matter of government and as the Mumbai port's luck washed out, its land came under the highlight. There were many plans hanging around for real estate development. This consists of rented accommodation and affordable housing. Thanks to the state govt. for this efforts. We can hope for the best.
Right BIkram, We have already seen the result last year in June when the Port Trust proposed a real estate development plan for all of its land in a bid to get back its luck and proposed to give 1000 acres of land for the city's development and submitted the plan to the minister but still pending.
24th May 2015

Right Devika, In a bid to provide the much-needed boost to India's port sector, finance minister Arun Jaitley had said in the Union Budget 2015-16 that the government would encourage major port trusts to become companies under the Companies Act, in turn paving the way for the entities to become self governing.
It is also heard that about half the total land at Mumbai port is being used for operational purposes and so even if this much portion of the asset gets valued (upon corporatisation), it will be a very substantial amount. The value of land around Mumbai Port would be about Rs 60-70 crore/acre as a conservative rate, this is if the land is in the government circle, while private land would be about Rs 100 crore/acre.
3rd March 2015

BDD chawls' renovation plan gets MHADA policy framework.
Q: I wanted to know which all are the implementing agency that will execute the the redevelopment of the BDD chawls and how?

My replies to this discussion
Yes, tt present, there are 16000 tenements in the BDD chawls. The total rent paid by them to the PWD amounts to Rs 60 lakh every year. However, the PWD shells out 20 times that sum for annual maintenance of the chawls.Yes, tt present, there are 16000 tenements in the BDD chawls. The total rent paid by them to the PWD amounts to Rs 60 lakh every year. However, the PWD shells out 20 times that sum for annual maintenance of the chawls.
Is Omkar Meridia offering a subvention payment plan?

My replies to this discussion
Hi Chandana, This project has 2 very attractive payment options as below. 1) Customer Pays 19.9% now and 80.1% at the time of Possession. 2) 25 : 75 Interest Subvention scheme. But the scheme was valid till 30th January 2015.Hi Chandana, This project has 2 very attractive payment options as below. 1) Customer Pays 19.9% now and 80.1% at the time of Possession. 2) 25 : 75 Interest Subvention scheme. But the scheme was valid till 30th January 2015.
Want good returns on property investments in Mumbai? Look towards Nalasopara
Q: Hi, my query is how are the returns on investment in Nalasopara?

My replies to this discussion
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.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.
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.
Right Rajat, Nala Sopara has good connectivity to Mumbai via road and rail. Western Express Highway and part of NH-8. It is the most important road that connects Nala Sopara with the rest of Mumbai.Ghodbunder Road connects to NH-8, providing connectivity to Vasai-Virar and Thane as well as Navi Mumbai. There are regular BEST and VVMT buses easily available for public transport.
22nd April 2015

Tender issues becomes roadblock to Smart City project
Q: Hi, what roadblocks is the Smart City project currently facing?

My replies to this discussion
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
My comments to replies
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
"Thoda Khaye But Achcha Khaye" .....Sarkar ko ish trah sochna chaiye 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.
15th September 2015

Real estate trends in Powai
Q: Hi, what is the rent of 1bhk flats in Powai? How is the real estate trend in Powai?

My replies to this discussion
Gud morning Ketal, I have heard that the Powai-Vikhroli stretch has been seeing increased traffic jam during peak hours. The Haico junction especially witnesses regular traffic jams as the traffic meets here from all sides. LBS Marg going towards Ghatkopar is small and faces serious traffic jam in the evening or the office hours. What is your view?Gud morning Ketal, I have heard that the Powai-Vikhroli stretch has been seeing increased traffic jam during peak hours. The Haico junction especially witnesses regular traffic jams as the traffic meets here from all sides. LBS Marg going towards Ghatkopar is small and faces serious traffic jam in the evening or the office hours. What is your view?
Hi everybody, what is the commercial property rent of a 100 sq-ft. Are there any basic amenities nearby the locality? What will be the rent of 4-5bhk flat in that locality?Hi everybody, what is the commercial property rent of a 100 sq-ft. Are there any basic amenities nearby the locality? What will be the rent of 4-5bhk flat in that locality?
My comments to replies
Gud morning Ketal, I have heard that the Powai-Vikhroli stretch has been seeing increased traffic jam during peak hours. The Haico junction especially witnesses regular traffic jams as the traffic meets here from all sides. LBS Marg going towards Ghatkopar is small and faces serious traffic jam in the evening or the office hours. What is your view?
Thanks Ketal, It is also heard that there are complaints of neglected sewage being released into Powai Lake. There is also a significant growth of water hyacinth here. Don't you think that it leads to an environmental issue.
6th May 2015
Well Ketal, Do you have any latest updates on Powai?
6th May 2015

Hi Arushi, I have read somewhere that Housing.com has taken up a lease of 1.5 lakh sq. ft. in Powai's Hiranandani Complex in Mar 12, 2015. Powai is growing as Mumbais new start-up valley as it is seeing a good number of start-ups in recent times. Some of the recent start-ups consist of Powai Lake Ventures and Tiny Owl in Dec 2, 2014.
Thanks Bikram, Can you tell me why the residential markets of Powai is in huge demand today? Any specific reason? Why is the powai residential market is more expensive than any other eastern suburbs?
6th May 2015

Cabinet approved for amendments to Real Estate Bill
Q: Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.

My replies to this discussion
Hey guys, As per the present provision, anyone buying more than 4 flats in a project is treated as a promoter. Yet, to find a solution to this trend of a few buying more flats and having monopoly in management of affairs, the committee is recommending that all such buyers will get "one voting right" like that of other buyers. But the UPA's statement was very rude in the Parliament.Hey guys, As per the present provision, anyone buying more than 4 flats in a project is treated as a promoter. Yet, to find a solution to this trend of a few buying more flats and having monopoly in management of affairs, the committee is recommending that all such buyers will get "one voting right" like that of other buyers. But the UPA's statement was very rude in the Parliament.
Hi all, I think you have made a lot of discussion on Real estate bill but my question to you all that why real estate Ponzi scheme will continue despite new Real Estate Bill?Hi all, I think you have made a lot of discussion on Real estate bill but my question to you all that why real estate Ponzi scheme will continue despite new Real Estate Bill?
Hi everybody, What is a well-balanced view on the suggested changes to the Land Acquisition Act of 2013? Are experts and opponent right that these changes are anti-farmers? Or are farmers being misguide?Hi everybody, What is a well-balanced view on the suggested changes to the Land Acquisition Act of 2013? Are experts and opponent right that these changes are anti-farmers? Or are farmers being misguide?
My comments to replies
Hi everybody, What is a well-balanced view on the suggested changes to the Land Acquisition Act of 2013? Are experts and opponent right that these changes are anti-farmers? Or are farmers being misguide?
@Vinay, According to me, one major factor which give preference to the land regulation bill is the improvement of 13 Acts ruled out in the December 2013 draft, including some important ones such as Coal Bearing Areas Act of 1957 and the Atomic Energy Act of 1962. Their exemption could have made the bill appropriate in a comparatively small number of cases.
27th April 2015

Ani Anu Sri Balaji Enclave in Malad West, Mumbai
Q: Hi! i need project details of Ani Anu Sri Balaji Enclave by Ani Anu Developers Pvt. Ltd. Malad West.

My comments to replies
Hi Manish, Have they got all the statutory clearance from the concerned authorities? Which all banks are funding this project? What will be the booking amount of 2BHK? Any idea? Plz. share with me.
Hello Shalini, Ani Anu Sri Balaji Enclave is a MHADA approved project and all the approvals are in place. Currently, HDFC has approved this project for housing loan but at the end of this moth some more banks will be added. They are waiting for their approval.
20th April 2015

Where to Invest
Q: I would like to purchase 1 bhk in beyond Thane area or in Navi Mumbai. My budget is 20 L. Can you please suggest where to Invest this amount. I would be contributing 7 L and rest would be loan. I am a salaried person.

My comments to replies
Hi All, Appreciate your suggestions. Can you name some good projects in that area, also mention some good localities.
Right manish, 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

Runwal Eirene, a residential project near balkun Junction, Thane West
Q: Hi Guys, when is the construction work going to start in Runwal Eirene?

My replies to this discussion
Hey Ketal, Runwal Group has started the construction work for Eirene, Thane West, Thane. Visit the project site, work on plinth is going on. For more details keep posting. I will try to give you the latest updates of this project.Hey Ketal, Runwal Group has started the construction work for Eirene, Thane West, Thane. Visit the project site, work on plinth is going on. For more details keep posting. I will try to give you the latest updates of this project.
My comments to replies
Hi Arushisha, I am planning for a site visit. Can you tell me where is the project strategically located in Thane West?
Hello Sandeep, I have visited the site of Runwal Eirene, It is strategically located near Balkun Junction, 1 km from Big Bazar, Thane West, Thane.
8th May 2015
Your welcome, Eirene by Runwal Group is a residential project, offers 1/2/3 BHK spacious flats. It's sizes are 665 sq-ft in 1BHK, 830 sq-ft in 2BHK and 1335 sq-ft in 2.5 BHK and 1535 sq-ft in 3BHK. This project is spread over 9 acres of land. It is a G+29 storey apartment consists 4 flats in each floor. Flats are available in 8-towers but currently they have launched only 6 towers. The current price is Rs. 7999/sq-ft.
8th May 2015
Hmm, A 2.5 BHKin 1335 sq-ft will cost to you Rs. 1.40 Cr and 3 BHK in 1535 sq-ft will cost you approx 1.65 Cr all inclusive. They are charging Rs. 5 lacs for booking and yes, there is a floor rise charges and it will be Rs. 51/sq-ft.
8th May 2015

MMR Rental Property Insights for Q1, 2015
Q: Which are the top 5 rental markets based on availability?

My comments to replies
Hi, As per the commonFloors' recent rental report, some of the top rental destination in MMR during the first quarter of 2015 are Mira Road Powai and Andheri East, Goregaon East and Malad West that an investor can consider for good rental returns.
Hey Mansoor, Which area in MMR has gained the maximum rental yield? And what may be the growth factors of that area?
21st May 2015
Thanks mansoor, What about Powai? How much rental yield it gained during Quarter !st 2015? And what was the reason behind it as per commpnFloor?
21st May 2015

RBI cuts repo rate by 25 basis points
Q: Could RBI's rate cut revive the home sales?

My replies to this discussion
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%.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%.
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%.
@rajat, State Bank of India reduced their interest rates on home loans by 15 basic points. The new rates are placed at 9.70% as compared to 9.85%. Interest rates play an important role in qualifying for and servicing a home loan but with the floating rate one can utilize of this benefit.
3rd June 2015

Is it safe to purchase house in poddar aspire
Q: I checked all details. Master plan and legal approval details are not available. how safe is this project. What documents should we check before book the flat.

My replies to this discussion
Hi Sandeep, Apart from that, there are an easy way to verify that the project has clean paperwork or not. Just ask for loan approval documents. If it has loan approvals from financial institutions. Banks have strict lending rules and do their necessary due diligence before clearing loan. If possible get professional help who specialize in property transactions and get all document verified.Hi Sandeep, Apart from that, there are an easy way to verify that the project has clean paperwork or not. Just ask for loan approval documents. If it has loan approvals from financial institutions. Banks have strict lending rules and do their necessary due diligence before clearing loan. If possible get professional help who specialize in property transactions and get all document verified.
Maharashtra Govt plans "one-stop" node for building proposals
Q: Is it an attempt of state govt to cut red tape and delays in the building approval process? What will be in the new plan? Any idea?

My replies to this discussion
@Himani, Then it is also necessary that BMC should fixed a deadline for each department to decide on the issuance of NOC.@Himani, Then it is also necessary that BMC should fixed a deadline for each department to decide on the issuance of NOC.
Raj Group's Raj Gardenia in Panvel, Navi Mumbai?
Q: Hi, I am looking for 1RK in Raj Gardenia, Panvel, Navi Mumbai. Is there any flats available for sale? What will be the price?

My replies to this discussion
Hi Abhijit, How much will be the booking amount if i go for 1BHK? And which all banks have approved this project? Is it a CIDCO approved project?Hi Abhijit, How much will be the booking amount if i go for 1BHK? And which all banks have approved this project? Is it a CIDCO approved project?
MMR Bulletin May-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
Hi Saran, In order to boost the expansion of industries in the Mumbai Metropolitan Region, the Maharashtra State Govt. scrapped the Industrial Location Policy. This means that industries can now take up expansion and modernization without having to seek permission from the industries dept. The Bombay HC recently asked the state urban development department's response on whether the department had carried out an impact assessment before directing implementation of a rental housing scheme in various parts of Mumbai Metropolitan Region. According to the scheme, an additional FSI will be made available for to builders if a portion of constructed flats are surrendered to MMRDA for rental purpose.Hi Saran, In order to boost the expansion of industries in the Mumbai Metropolitan Region, the Maharashtra State Govt. scrapped the Industrial Location Policy. This means that industries can now take up expansion and modernization without having to seek permission from the industries dept. The Bombay HC recently asked the state urban development department's response on whether the department had carried out an impact assessment before directing implementation of a rental housing scheme in various parts of Mumbai Metropolitan Region. According to the scheme, an additional FSI will be made available for to builders if a portion of constructed flats are surrendered to MMRDA for rental purpose.
Two land acquisition proposals withdrawn in Maharashtra
Q: The face-off between corporators and civic administration in the general body meeting of Kolhapur Municipal Corporation directed the officials to to think back on the proposals related to acquisition of land reserved for primary schools and change in land use.

My replies to this discussion
Good evening friends......... Will this bill ever pass or they used it for the next election? Only god knows when is the bill going to pass????? The committee has 13 members who are opposed to, while 11 are in favour of proposed amendments. So, the votes of rest 6 members, who are mostly regional party leaders, matter more. So, they need to pressurise them to protect their rights. I don't understand why are they playing such kind of game in the parliament. Have they ever experience the beggar's life or they ever plough the field in sunny day or they ever harvest the crops? If not.....then how can they say that they are with the farmers? I think BJP Govt has the majority in the parliament so they don't need to ask and should stamp the bill in the next session of the parliament.Good evening friends......... Will this bill ever pass or they used it for the next election? Only god knows when is the bill going to pass????? The committee has 13 members who are opposed to, while 11 are in favour of proposed amendments. So, the votes of rest 6 members, who are mostly regional party leaders, matter more. So, they need to pressurise them to protect their rights. I don't understand why are they playing such kind of game in the parliament. Have they ever experience the beggar's life or they ever plough the field in sunny day or they ever harvest the crops? If not.....then how can they say that they are with the farmers? I think BJP Govt has the majority in the parliament so they don't need to ask and should stamp the bill in the next session of the parliament.
My comments to replies
Good evening friends......... Will this bill ever pass or they used it for the next election? Only god knows when is the bill going to pass????? The committee has 13 members who are opposed to, while 11 are in favour of proposed amendments. So, the votes of rest 6 members, who are mostly regional party leaders, matter more. So, they need to pressurise them to protect their rights. I don't understand why are they playing such kind of game in the parliament. Have they ever experience the beggar's life or they ever plough the field in sunny day or they ever harvest the crops? If not.....then how can they say that they are with the farmers? I think BJP Govt has the majority in the parliament so they don't need to ask and should stamp the bill in the next session of the parliament.
@Ravindra, I think they wanted themselves to keep in limelight . As per Md. Salim Of CPI (M) asked farmers to force their respective MPs to take the right attitude so as to make sure government changes its stand on the bill. According to him farmers will feel cheated, if they rely on Parliamentarians. So, force their respective Parliamentarians to force government to change its approach.
27th July 2015

Balaji Dream City by Tirupati Balaji Group in New Panvel, Navi Mumbai
Q: Hi, any updates on Balaji Dream City, New Panvel.
Pranab Malakar

My replies to this discussion
Hi, Do they have all the approvals for Balaji Modern City because most of the projects of Balaji are stalled for years? kindly share if anyone has any idea.Hi, Do they have all the approvals for Balaji Modern City because most of the projects of Balaji are stalled for years? kindly share if anyone has any idea.
Approval process for Real Estate Projects in Maharashtra (Mumbai)
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 replies to this discussion
Hey Rakshit, I heard that to obtain Intimation Of Disapproval or Building Permit, builder has to approach the Building Proposal Office and the time taken to complete this is between 30-45 days. Also, they have to pay Rs. 33/sq-mt as scrutiny fee and Rs. 350/sq-mt as development charges. Is it right?Hey Rakshit, I heard that to obtain Intimation Of Disapproval or Building Permit, builder has to approach the Building Proposal Office and the time taken to complete this is between 30-45 days. Also, they have to pay Rs. 33/sq-mt as scrutiny fee and Rs. 350/sq-mt as development charges. Is it right?
My comments to replies
Hey Rakshit, I heard that to obtain Intimation Of Disapproval or Building Permit, builder has to approach the Building Proposal Office and the time taken to complete this is between 30-45 days. Also, they have to pay Rs. 33/sq-mt as scrutiny fee and Rs. 350/sq-mt as development charges. Is it right?
Which are the major IOD/NOCs that a builder must obtain from the concerned department?
13th August 2015

Govt permits foreign investments through partly paid shares
Q: Is this move by the government help in attracting Foreign Direct Investment?

My comments to replies
@Jackie!!!!! These would be subject to the condition that such arrangements are at arm's length price in co-ordination with applicable provisions of Income Tax Act 1961 and annual lease rent earned by the lessor company does not exceed 5% of its total income.
There are multiple sectors such as medical devices, defence and construction activities where govt. has relaxed FDI norms to boost Foreign Direst Investment. Do you know that during April-June quarter of this financial year, foreign direct investment into the country grew by 31% to $9.50 billion.
16th September 2015

Why are residential properties in Mumbai so expensive?
Q: What are the factors that have been driving Mumbai's real estate prices so high over the years?

My comments to replies
Hi guys, Can you tell me how supply-side factors responsible for Mumbai's real estate prices?
Hi Pranab, Geography, Government policies, Locked Land and Slow Infrastructure Deployment are the primary factors responsible for Mumbai's real estate market. Mumbai is surrounded by water on 3-sides, as a result, Mumbai has never seen circular development like most other Indian cities. Development was always one-directional from the South towards the Northern suburbs..
2nd November 2015
@Vasanth, At the same time, the slow progress on infrastructure has not allowed the city authorities to open up new land parcels for development. Major projects such as the Mumbai Trans-Harbour Link (MTHL), coastal road network, the Navi Mumbai international airport, various phases of the proposed Metro links, etc. have made very slow progress in decongesting the city. As a result, end-users still prefer living in established localities where they have access to necessary transport infrastructure and ignore the upcoming locations which do not offer this benefit.
2nd November 2015

Builder not providing STAMP DUTY FREE As promised while booking
Q: Swami Developer Builder Survey no 245/2b ,216,217 at New Panvel Site at Shivkar confirmed Stamp Duty registration Free , DHFL was marketing partner .while booking the dhfl exetutive confirmed that stamp duty registration is free is 20 % payment is made within one month time of flat cost in Jan 2014. Now till Nov 2015 there is not works started as Swami developers has to get all approvals cleared from CIDOC . Now Swami developers says that stamp duty has to be paid by me. While booking he mentioned all Legal charges Free on Receipt provided. Please let me know what can be done in such a case against Builder. I am vinay K form Mumbai Goregaon . Please Suggest.

My comments to replies
Was there a written document provided to you regarding the Stamp duty free registration? If not there isn't much you can do, maybe consumer court. But if there is a written document you could take legal action. Also stamp duty is hardly ever excused, so it sounds a bit fishy.
Yes, if you have any proof which indicate that builder has promised you stamp duty free registration then you can take a legal action otherwise it is very difficult to get. It only happen with you or with all the buyers. Had they mentioned it in brochure?
23rd November 2015

Hi Vinay, You bought flat from builder not from worker. Every decision related to project taken by the builder. So, without builders knowledge, it is not possible. Did you talk with the other owners of the flat? You are the only who facing the issue or few more having the same issue.
I think you should consult with a property lawyer with the first receipt of payment. See, what he says then proceed accordingly. Did the builder stop booking in absence of worker? I am sure builder knows everything. Put pressure on him.
1st December 2015

controversy over Chanda property tax hike in Maharashtra
Q: Dissatisfaction is rising in the city over the 300% to 900% hike in property tax by the civic body.

My replies to this discussion
It is totally illegal over the 300% to 900% hike in property tax by the Chandrapur civic body in Maharashtra. Hike in property tax by Chandrapur Municipal Corporation is illegal and in violation of Maharashtra Municipal Corporation Act-1949. People demanded immediate rollback of the hike, or otherwise, they would knock the doors of court.It is totally illegal over the 300% to 900% hike in property tax by the Chandrapur civic body in Maharashtra. Hike in property tax by Chandrapur Municipal Corporation is illegal and in violation of Maharashtra Municipal Corporation Act-1949. People demanded immediate rollback of the hike, or otherwise, they would knock the doors of court.
My comments to replies
I am quite shocked that how ruling BJP had approved the hike in the general body meeting through a voice vote. Disappointment has seen in the several political party. City units of Congress, Shiv Sena and AAP too have stepped up their protest against the hike. AAP had taken out protest march in city on Friday to protest the hike.
Even, municipal commissioner has come out with hoardings in the city explaining the civic administration's stand over the hike. In his public declaration, the commissioner has agreed that the last revision of tax in year 2012 was faulty and manipulated by some employees and officers in tax department.
7th December 2015

Any update when the construction will start of Bhagtani Serenity, Powai

My replies to this discussion
Hi, I came to know that very soon builder will get IOD. You can check with builder about exact status and processing of documents with BMC for IOD. I am sure all investors of serenity will get the pleasant news and transparent reply from builder this time.Hi, I came to know that very soon builder will get IOD. You can check with builder about exact status and processing of documents with BMC for IOD. I am sure all investors of serenity will get the pleasant news and transparent reply from builder this time.
HI Arup I want to purchase 2 bhk at Panvel under Naina project Please advice me Which are the authentic projects ?
Q: Where I should purchase ? I m ready to wait till 2019, for the completion of projects .Kindly suggest

My replies to this discussion
Hi Vaishali, All the projects in the area (Panve, New Panvel, Powai) are delayed due to Naina project. There are around 180 project that are are under hold. Naina plan are now approved by cidco & sent to CM office for further approval. If it get approved from CM office, it will take 1 yr to start the project of any builder.Hi Vaishali, All the projects in the area (Panve, New Panvel, Powai) are delayed due to Naina project. There are around 180 project that are are under hold. Naina plan are now approved by cidco & sent to CM office for further approval. If it get approved from CM office, it will take 1 yr to start the project of any builder.
New Project Launch is Hiranandani Fortune City Navi Mumbai
Q: Hiranandani Fortune City is New Launch Project In Mumbai. Which is Offers 2/3 BHK Residential Apartments with Modern Amenities. Visit : http://www.hiranandanifortunecitypanvel.in/
Vinay

My replies to this discussion
Hi Pradyuman!!!! How is the locality and the connectivity of this Hiranandani Fortune City? May i know its approach road and highways? How far is the basic amenities from the project site?Hi Pradyuman!!!! How is the locality and the connectivity of this Hiranandani Fortune City? May i know its approach road and highways? How far is the basic amenities from the project site?
Ambernath reviews nowdays
Q: How is Ambernath now a days for residential investment ?and which is most prefer zone east or west?

My replies to this discussion
Hi Rupesh! Considering the appreciation which has already happened in most of the eastern subsurbs up to Kalyan is next opportunity likely to be in Ambernath/Badlapur? My analysis says, Lodha project on Taloja Road junction on Katainaka to Badlapur Road will make difference to area. The flat there is costing around 45 lakhs for 1BHK where as Ambernath just 10-mins drive from there, flats here are available at under 25 lakh for 1BHK. Considering this price difference and good road as well as rail connectivity I believe next destination for good return is these locations only.Hi Rupesh! Considering the appreciation which has already happened in most of the eastern subsurbs up to Kalyan is next opportunity likely to be in Ambernath/Badlapur? My analysis says, Lodha project on Taloja Road junction on Katainaka to Badlapur Road will make difference to area. The flat there is costing around 45 lakhs for 1BHK where as Ambernath just 10-mins drive from there, flats here are available at under 25 lakh for 1BHK. Considering this price difference and good road as well as rail connectivity I believe next destination for good return is these locations only.
My comments to replies
Hi folks, If we talk about its connectivity then i would must like to mention some points here that Ambernath West is well linked to other parts of Mumbai via road, rail and public transport. The Nath Railway Station is 2.5 kms and the Kalyan Railway Station is 10.1 kms away via the Kalyan-Badlapur Road. The International Airport is located at a distance of 53.3 kms from Ambernath East via the Eastern Highway.
Yes, average property price in the locality is Rs.3150/sq-ft. You will get a 1BHK flat at a average budget of Rs. 18.80 lacs, 2BHK in 27 lacs and 3BHK at the average rate of Rs. 36.80 lacs. 2.5% price appreciation has been seen in the locality in last 36 months.
26th May 2016

OC of Puranik City Barcelona L wing
Q: Has the OC being obtained for Puranik City Barcelona L wing? If any owners / residents of Puranik City Barcelona L wing are on the forum, can you please share your experiences, both buying and living...

My replies to this discussion
Hi Chintak, But i have heard that the quality of construction is bad or the maintenance of the buildings and amenities are not good post delivery. I also hear that now they are improving the quality in their various ongoing projects. And one more question i want to ask you that whether this project will get affected by the recent National Green Tribunal order.Hi Chintak, But i have heard that the quality of construction is bad or the maintenance of the buildings and amenities are not good post delivery. I also hear that now they are improving the quality in their various ongoing projects. And one more question i want to ask you that whether this project will get affected by the recent National Green Tribunal order.
Why we invest money in hiranandani fortune city panvel project?
Q: Hiranandani Fortune City is new launch housing project in Panvel Navi Mumbai, which is developed by Hiranandani Real estate.
Ajju Singh

My replies to this discussion
Thanks for this useful information!!! Do you have any information on possession date? What is the current status of this project?Thanks for this useful information!!! Do you have any information on possession date? What is the current status of this project?
My comments to replies
Thanks for this useful information!!! Do you have any information on possession date? What is the current status of this project?
@Shaunak How is the locality and the connectivity of Hiranandani Fortune City? May i know its approach road and highways? How far is the basic amenities from the project site? Is the transport facilities are good enough for a working people and student class?
12th September 2016

Is there a buyers group on Commonfloor for HDIL Whispering Towers, I sent a request many months back but no one responde

My replies to this discussion
HiSam, Sorry for the inconvenience. What was your query? Can you explain one more time so that i can give you the latest information on it. I heard some negative reviews about this developer for harassing the buyers for parking amount of Rs.14L in cash before registering their properties.HiSam, Sorry for the inconvenience. What was your query? Can you explain one more time so that i can give you the latest information on it. I heard some negative reviews about this developer for harassing the buyers for parking amount of Rs.14L in cash before registering their properties.
Aarambh Residency, Neral review
Q: Hi, I have seen in their site that booking amount will be Rs.5555 only? Is it true? Can i get some useful information on it?

My replies to this discussion
Hi, Are you planning to buy flat in Neral? What is your budget? To get more information of this project, click this link Aarambh Residency, Neral, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and MobileHi, Are you planning to buy flat in Neral? What is your budget? To get more information of this project, click this link Aarambh Residency, Neral, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile
Alta Vista phase-2 price details
Q: Hi, what is the current asking rate is going on Alta Vista Phase-2, Chembur, Mumbai?

My replies to this discussion
Hi Kishore, Do you think that Phase-2 is safe for buying without commencement certificate? And after currency ban do you think they will reduce the price or will give some discounts on current rate? What price do you guys think that they will reduce the per square feet rate?Hi Kishore, Do you think that Phase-2 is safe for buying without commencement certificate? And after currency ban do you think they will reduce the price or will give some discounts on current rate? What price do you guys think that they will reduce the per square feet rate?
My comments to replies
Hi Kishore, Do you think that Phase-2 is safe for buying without commencement certificate? And after currency ban do you think they will reduce the price or will give some discounts on current rate? What price do you guys think that they will reduce the per square feet rate?
Thanks Kishore!! What are the options available in Alta Vista Phase-2? And when is its possession date? Which all financial institutions have approved it for housing loan?
3rd January 2017

Insights into Kalyan East
Q: HI, i am planning to buy a flat in Kalyan East. how is the locality of Kalyan East and under which local body it falls? How is the social and physical development in the locality?

My replies to this discussion
Hi, Are you looking for flat in Rai Yashwant Heights, Kalyan East, Thane? To get more information of this project, click this link Rai Yashwant Heights, Kalyan East, Thane Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you looking for flat in Rai Yashwant Heights, Kalyan East, Thane? To get more information of this project, click this link Rai Yashwant Heights, Kalyan East, Thane Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
What are ongoing residential projects in Nashik?
Q: I want to buy residential flats in Nashik Gangapur Road.

My replies to this discussion
Hi Jenny!! May i know your budget and BHK option? Are you looking for any specific project by any specific builder? Please elaborate your query so that i can give you reasonable information.Hi Jenny!! May i know your budget and BHK option? Are you looking for any specific project by any specific builder? Please elaborate your query so that i can give you reasonable information.
Oyster Living Dahisar East Project Query
Q: I am looking to Book a 2BHK @ Oyster Living Dahisar. Can some one please advise if the Builder will keep up to the Promise of delivering the Project- also what si the Current status of the project - I visited the site today and i still see all the existing Slum and Building as it is. Is it advisable to put Money here- it would be for my personal use and i can wait for 5 to 6 years

My replies to this discussion
Hi all!!! The 20-30% down payment scheme still exists for this project at a rate of 7200/sq-ft. Would like to know is there has been any progress on the site or in the approval procedure for this project? Can anybody updates current info in this project?Hi all!!! The 20-30% down payment scheme still exists for this project at a rate of 7200/sq-ft. Would like to know is there has been any progress on the site or in the approval procedure for this project? Can anybody updates current info in this project?
Rates for 2bhk
Q: please tell the final rates for 2bhk flat with stamp duty and all.etc.

My replies to this discussion
Hi Parth, Every property portal has mentioned the current rate 10500 per sq-ft. but its final price will be Rs.9950 per sq-ft. A 2BHK from 980-1050 sq-ft. will cost you Rs.97.51 lakh to Rs.1.04 cr. Apart from that you have to pay stamp duty-5% and registration charges-1% respectively.Hi Parth, Every property portal has mentioned the current rate 10500 per sq-ft. but its final price will be Rs.9950 per sq-ft. A 2BHK from 980-1050 sq-ft. will cost you Rs.97.51 lakh to Rs.1.04 cr. Apart from that you have to pay stamp duty-5% and registration charges-1% respectively.
I would like to know about the maison tarangan project from the owners? Any issues egg with the project?
Q: Is the project clean and ready to buy?

My replies to this discussion
Hi, Maison Tarangan is a completed project and builder is offering possession for it. It is a RERA approved project so i do not think there is any issue with that project. If you have any doubts in your mind then visit the office of developer and ask for all the legal approvals and verify it by a local lawyer.Hi, Maison Tarangan is a completed project and builder is offering possession for it. It is a RERA approved project so i do not think there is any issue with that project. If you have any doubts in your mind then visit the office of developer and ask for all the legal approvals and verify it by a local lawyer.
How To Negotiate Property Purchase?
Q: Buying a real estate property is a pretty expensive transaction and thus it is important to make the right decision. Several factors determine the price of the property like the demand it has in the location and the nature of the defect it has. The price of the property is increasing steadily and thus it is important to determine the present value of the piece. To lock down the best deal, you can follow certain tips and negotiate over the price better. Before making any purchase, you need to know about the builder from the reviews and the feedbacks. If there is any Cheating Case Against Builder filed in the past, you must refrain from choosing that builder.

My replies to this discussion
Yes, if you will negotiate well, you can enjoy savings not only on the purchase price, but also on stamp duty and home loan. Here are the few tips for safe buying......a) Research the market, b) take emotion out of the equation, c) research the property, d) stick to your budget, e) reason for sale, f) payment terms and, g) influence of the Financer and the Broker.Yes, if you will negotiate well, you can enjoy savings not only on the purchase price, but also on stamp duty and home loan. Here are the few tips for safe buying......a) Research the market, b) take emotion out of the equation, c) research the property, d) stick to your budget, e) reason for sale, f) payment terms and, g) influence of the Financer and the Broker.
Any idea about good residential projects in Boisar?
Q: Any good residential projects in Boisar for investment purpose?

My replies to this discussion
Hi, Are you looking for flat in Boisar? Here are the list of properties available for sale in Boisar. To get more details of these properties, click this link Properties for sale in Boisar Or, To get 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.Hi, Are you looking for flat in Boisar? Here are the list of properties available for sale in Boisar. To get more details of these properties, click this link Properties for sale in Boisar Or, To get 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.
For 1Bhk which is best option Kalyan west or virar west
Q: I am searching for 1bhk. I have budget of 30 lacks. I m confuse between Kalyan west and Virar west. Please suggest

My replies to this discussion
Hi Abhishek, Are you looking for 1 BHK flat in Kalyan and Virar West? Here is the list of 1 BHK are available for sale in Kalyan and Virar West as per your budget. 1BHK for sale in Kalyan West 1bhk for sale in Virar WestHi Abhishek, Are you looking for 1 BHK flat in Kalyan and Virar West? Here is the list of 1 BHK are available for sale in Kalyan and Virar West as per your budget. 1BHK for sale in Kalyan West 1bhk for sale in Virar West
How much GST needs to pay by consumer to contractor on construction of Raw house?
Q: I have buyed land from developers project and on the same land, contract given to same builder for construction of Raw house. Construction cost is 22 lac. So how much GST do I need to pay to the builder.

My replies to this discussion
Vishwas, The GST on under-construction flats, which are not in the affordable housing segment, has been reduced to 5% without input tax credit (ITC) from 12% earlier with the ITC. Under-construction properties priced up to Rs 45 lakh will now be treated as affordable housing projects and will attract 1% GST without the ITC.Vishwas, The GST on under-construction flats, which are not in the affordable housing segment, has been reduced to 5% without input tax credit (ITC) from 12% earlier with the ITC. Under-construction properties priced up to Rs 45 lakh will now be treated as affordable housing projects and will attract 1% GST without the ITC.
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