Roshni Pawal, Mumbai
Q: Any update on completion date?

My comments to replies
any updates on possession they asking me now 2 lac extra as service fee intrest , paid for flat 3 year ago and it still not delivered email me at aquibansari at yahoo dot com
I appreciated what Anuirudh, This not the first case. Earlier, the home buyers protest in front of HDIL Tower in Bandra after the firm failed to hand over the possesion letters to several buyers. As per the protesters company is demanding more money for additional amenities.
8th June 2015

Q: Got to know that Godrej properties are coming up with a new project in Chembur in Mumbai. The project's name is Godrej Central? does anyone has details about this project? how is it for investment purpose?
My comments to replies
Good evening everybody, How is the locality and its connectivity to the other parts of the Mumbai City? Any idea?
God Evening Ketal, Chembur is one of the best connected localities in Mumbai. In the vicinity of major upcoming infrastructure developments which include Mono rail (Jacob Circle – Wadala - Chembur) , Metro Rail plying from Chembur. Well connected to all major roadways such as Eastern Express highway, Eastern Freeway and the upcoming Santacruz Chembur Link Road establishing a link between the Eastern Express Highway & Western Express Highway and Sion-Panvel Highway connecting to New International Airport. In close proximity to BKC which Is a central business district.
26th June 2015

Q: What is the reputation of builder? is any other construction being carried out by this builder. Is the paper work is ready for the land.any suggestion please
My comments to replies
Hi Friends, I have booked 1BHK flat in Balaji Kalash Phase in june' 13 and paid 20% amount. But registration is pending till date from the builder. Even construction is going very slow. Builder is telling the project is going to be affiliated by CIDCO,Naina and delay is because of the same. Do anyone have any other/correct information for delaying registration as well as constructionm ..Hi friend we want to discussed the same... it has may be frud
Hi Nilesh, Check the registration paper which you have signed with the builder and read the clause of possession. Is there any clause which says that builder is liable to pay the compensation on delay possession. If yes, then consult the legal adviser and pressurized the builder.
5th June 2015

Q: Which is a better place to invest Ulwe or Panvel in Navi Mumbai?
My comments to replies
HI, No doubt that Ulwe and Panvel are the best locality in Navi Mumbai for Investment but if you are looking for property within 10-20 lacs then one should move towards Asangaon, a part of Thane district, Asangaon is a locality that lies on the Mumbai-Nashik Expressway. The area is 70 km from Mumbai through the expressway and is still under development. At present, the locality offers 1 and 2BHK units within Rs 20-30 lakh. These are available within a size range of 450-1200 sq-ft. You can also find a few options of 1BHK units in a budget of Rs 10-15 lakh.
Right Shaunak, The area offers property at very low prices when compared to other areas of Thane and Navi Mumbai. The area is home to more than 400 manufacturing units and boasts of its own railway station, which connects the area to the Central Line Mumbai Suburban Railway network. However, the locality will take at least 2-3 years to become completely livable.
4th March 2015

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
Hi everybody, If you are planning to buy property in New Panvel then i would like to suggest Tirupati Balaji Builders & Developers Pvt. Ltd. Company was founded in the year 2008, the company today is one of the fastest growing and a key player in real estate development industry in Country. Tirupati Balaji Pvt. Ltd. has successfully maintained to form a strong client base in the whole Indian Subcontinent as well as N.R.I clients.
You are absolutely right Mansoor, If you are looking for ongoing projects of Tirupati Balaji Builders & Developers in Panvel, Navi Mumbai then i would suggest Tirupati Balaji Kalash. And if you are planning for Bhiwandi then i would like to suggest Tirupati Balaji Pushpa Kalash.
16th April 2015

Q: hi- we have just purchased a flat in Kalpataru Aura, and were considering renting out our 2 parking slots that came with the flat, to other residents. could someone pls guide us where we can post a note/notice for the same? thanks, mayur

My replies to this discussion
Hi, Once you have found someone to rent your parking space it is wise to draw up a simple contract that specifies how long they are going to rent the space, between what hours, and for how much. It should be signed by both parties. And remember that the income you get is taxable.Hi, Once you have found someone to rent your parking space it is wise to draw up a simple contract that specifies how long they are going to rent the space, between what hours, and for how much. It should be signed by both parties. And remember that the income you get is taxable.
Q: I hear that the govt. has planned to let developers raise up to $1 billion, is it true?

My comments to replies
At the same time 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. Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
Hi Lalit, For that our Industry Minister Subhash Desai has already named for a nodal agency to synchronize between different state and central agencies like public works department and railways in the development of Mumbai and direct to make structure of operations for the best interest of the city.
24th April 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
i was buy flat & stamp duty pay ay 2014 but i didnot pay service tex at that time
Hey Chirag, I think you should consult with a property adviser of your locality. They will give you the right idea. In budget 2015, Finance Minister has increased the Service Tax Rate from 12.36% to flat. This new rate is applicable from st June, 2015. The rate of Service Tax for services provided before 1st June is 12.36% and for services provided after Ist June is 14%.
24th July 2015

My comments to replies
Hi Guys, I have a property in Premier Exotica Kurla Building 3 and am now being asked to pay 3rd installment as well as register the flat. got a letter dated 1st nov. i also got a similar demand notice in oct for which ive paid the installment. They have along with their demad notice attached a letter from Bidco Engineering Division (bandra East) which mentions that construction work of specific property has been completed upto 2nd floor Slab. Should i make the payment and register the flat/document.? What documents should i be asking from them? Can there be a interest payable by them for the construction delay? can they levy a penalty of 21% p.a (as per their letter) on us for delaying payment of installments ? Will appreciate all the help
Hi Ashish and Sandeep, You can not feel the situation of a flat buyers who are passing through the last 3 years. The dreams of a thousand home owners are at stake, as HDIL is withholding possession while most buyers are paying EMI of bank loans.
28th April 2015

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

My comments to replies
Hi all, Zero EMI till possession scheme :- The Zero EMI scheme is something where the buyer is not required to pay the monthly installments once the property loan has been sanctioned. Here the builder pays the EMIs by issuing post-dated cheques for a pre-decided tenure. This period may last from a year to 30 months till possession. The interesting part is that the developer pays just the interest of your EMI and the principal amount is deducted from the buyer. So, be careful while buying property under this scheme.
Very interesting answer Miraniyatin, Can you tell me how Zero EMI scheme works? What are the conditions mentioned under this scheme?
18th May 2015

My replies to this discussion
Hi Guy's, Have you heard the latest news? PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June. Modi is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.Hi Guy's, Have you heard the latest news? PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June. Modi is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.
My comments to replies
Hi Guy's, Have you heard the latest news? PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June. Modi is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.
No, it's time to cheer the whole nation. Both the urban and rural development ministries have finalised their respective components for providing 6 lakh houses, 2 lakh in urban areas and 4 lakh in rural areas.
28th May 2015

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

My replies to this discussion
Hi Ramesk, As i have mentioned about the Ulwe, its locality and price appreciation. Apart from that you can look for New Panvel and Kharghar are better prospects for you, considering the built quality of establishments in Ulwe currently are below par without many reputed builders investing. Residential properties are a safer bet here, since the resale does not entirely depend upon the market conditions. Residential properties are generally bought by salaried executives on loans. Residential properties can ensure you a constant rent with a budget of 35 lakhs, Panvel would be a better prospect in terms of ROI and appreciation.Hi Ramesk, As i have mentioned about the Ulwe, its locality and price appreciation. Apart from that you can look for New Panvel and Kharghar are better prospects for you, considering the built quality of establishments in Ulwe currently are below par without many reputed builders investing. Residential properties are a safer bet here, since the resale does not entirely depend upon the market conditions. Residential properties are generally bought by salaried executives on loans. Residential properties can ensure you a constant rent with a budget of 35 lakhs, Panvel would be a better prospect in terms of ROI and appreciation.
Q: According to data sourced from Director General of Registrations, property sales registrations in Mumbai saw a sharp year-on-year rise of nearly 30% in November.

My replies to this discussion
The rise was primarily on account of a lower base seen in November 2013, when the registrations had lowered to a 5-year low.The rise was primarily on account of a lower base seen in November 2013, when the registrations had lowered to a 5-year low.
Another reason may be buyers ablitity to fire on money and the property prices are still not finding a common ground. Affordability remains an issue. Even with price stabilisation in residential market, they still rule at a level which is not fitting most budgets.Another reason may be buyers ablitity to fire on money and the property prices are still not finding a common ground. Affordability remains an issue. Even with price stabilisation in residential market, they still rule at a level which is not fitting most budgets.
Q: Why Kalyan-Dombivli will drive Mumbai's realty market?
My comments to replies
Kharghar, Panvel, Palm Beach Road, Ulwe, Kalamboli and Kharghar are emerging as most attractive property destinations in Mumbai. some more places like Navi Mumbai, Thane, Chembur, Wadala, Bhiwandi, Charkop and Kalyan are few promising property investment destinations in Mumbai. and to reach these place in short time you can go by using local trains , metro rails , taxi and all . To reach these places refer http://mumbailocaltraintimetable.net/Mumbai_Railway_Map.aspx
Yes, Kharghar is one of the most well planned nodes of Navi Mumbai. It is a fast developing residential as well as commercial micro market in Raigad district of Maharashtra. It is developed by CIDCO. Upcoming Navi Mumbai Metro Rail project has boost this area. Its proximity to the Belapur CBD, along with its good connectivity, green surroundings and infrastructure developments like wide roads, skywalks, Central Park, Golf Course etc. are some of the factors that have led to growth and high residential demand in Kharghar.
13th October 2015

My replies to this discussion
@Shreya, A property broker may be your best bet. Brokers usually have a wider reach and more information about the local property market than an individual seller. You can also list your property online. There are many options in the market where you can advertise your project along with your contact details. This enables buyers to reach you directly@Shreya, A property broker may be your best bet. Brokers usually have a wider reach and more information about the local property market than an individual seller. You can also list your property online. There are many options in the market where you can advertise your project along with your contact details. This enables buyers to reach you directly
Thanks a lot Shreya, One more question i would like to ask that what is the percentage amount of brokerage that a seller needs to pay?Thanks a lot Shreya, One more question i would like to ask that what is the percentage amount of brokerage that a seller needs to pay?
My comments to replies
Hi Dhiraj, Selling a property is much more difficult than buying one. Unlike buying, which is an emotional decision for many, selling a property is a practical one. From pricing, documents, marketing your product, everything needs to be done by you. 1) Price your property right, 2) Getting key documents in order, 3) Process to transfer property.
Hi Shreya, Apart from that, one should keep track of the unsold units in the locality where you are planning to sell. If there is an over-supply, you cannot demand higher than the prevailing rates in the locality/area. Remember that your house is just one among the many houses on sale. You know what you paid for the house. If the rate in the market has dropped below that, you cannot expect a price more than the running price.
3rd March 2015

Documents required :- The main documents required to sell a residential property are the housing society share certificate and the sale/purchase deed of the property. The Sale Deed confirms that the land is in the name of the seller and that he has the right to dispose it off.
Well Shreya, These are really very helpful ideas one should must have but i wanted to know who pays for the society transfer fees - buyer or seller?
3rd March 2015

Q: Is it right that Corporatisation of ports will offer immense elasticity in terms of fund-raising and expansion???

My replies to this discussion
Hi, The corporatisation of government-run ports might seem an attempt to professionalise the companies to be better equipped to handle the rising cargo. However, the Budget fine print shows a complete transformation for some of these ports, which have so far been looked at as more trading centres for India.Hi, The corporatisation of government-run ports might seem an attempt to professionalise the companies to be better equipped to handle the rising cargo. However, the Budget fine print shows a complete transformation for some of these ports, which have so far been looked at as more trading centres for India.
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.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.
@Arushisha, Currently, of the 12 government-run ports, Tamil Nadu-based Kamarajar Port, earlier known as Ennore Port, is the only one with a corporate structure, while the remaining continue to be under the Major Port Trusts Act, 1963.@Arushisha, Currently, of the 12 government-run ports, Tamil Nadu-based Kamarajar Port, earlier known as Ennore Port, is the only one with a corporate structure, while the remaining continue to be under the Major Port Trusts Act, 1963.
Q: What is the basic method of calculation of Per Capita Income?

My replies to this discussion
Hi, Per capita income is the average amount of money that a particular group of people receives in one year. This calculation gives economists a way of measuring the standard of living or relative prosperity of people in a specific area. Select and count the people of all ages in a particular group -- for example a nation, state or city. Add up the total income for the group for a specific year. Divide the total income by the number of people. The result is the per capital income.Hi, Per capita income is the average amount of money that a particular group of people receives in one year. This calculation gives economists a way of measuring the standard of living or relative prosperity of people in a specific area. Select and count the people of all ages in a particular group -- for example a nation, state or city. Add up the total income for the group for a specific year. Divide the total income by the number of people. The result is the per capital income.
My comments to replies
How to calculate monthly per capita income (PCI)? What kind of income is counted? How the census calculates per capita income?
Hi Dev, The Census calculates it by taking the total income for the previous year for everyone 15 years and older. That total income estimate is then divided by the total number of people -- every man, woman and child regardless of age. First, earned income, including wages, salaries, and any self-employment income. It does not include employer health care contributions, borrowed money, gifts or inheritance, insurance payments, and money received from relatives living in the same house.
4th March 2015
Secondly, investment income including interest, dividends, rentals, royalties, and income from estates and trusts. However, capital gains and money received for selling your home are not included. And 3rd, government transfer payments are counted as income. This includes Social Security or Railroad Retirement, Supplemental Security Income (SSI), public assistance or welfare, and retirement, survivor, or disability pensions. It does not included food stamps, public housing subsidies or medical care. It also doesn't count tax refunds.
4th March 2015

Do you know that in 2013 per capita income of was $ 1570, ranked at 120th out of 164 countries by the World Bank, while its per capita income on purchasing power parity (PPP) basis was US $ 5350, and ranked 106th. India's average GDP per capita on PPP basis in 2009, according to The Economist, was US $ 5138, with significant variation among its states and union territories. Chandigarh had the highest per capita PPP GDP at US $ 9345, while Bihar the lowest with per capita PPP GDP of US $ 1019 as of 2009. In rupee terms, India's Per capita income grew by 10.4% to reach Rs.74920 in 2013-14.
Thanks for the valuable information, Can you tell me which state of India has the highest and the lowest per capita Income? What is the main reason for rural India's poor population in terms of income. What is the growth rate of agriculture sector in India?
10th March 2015

Hi Roshni, In India, urban areas have seen a much higher growth rate as compared to rural areas. Despite up to 3/4 of the population living in rural areas, rural areas contribute to only 1/3 of the national income.The main reason for rural India's poor performance in terms of income is the fact that rural India is mostly dependent on agriculture. The agriculture sector in India grew at a rate of only 1.6% in 2008-09.
But the Indian Economy grew at a rate of 6.7%, despite the 2008 Financial Crisis. An extremely slow rate of growth in the agriculture sector of the Indian economy has serious implications for the rural-urban divide, both in terms of income and GDP. Some estimates say that that the average income of a person living in an urban area may be up to 4 times higher than that of a person living in a rural area. The rising levels of urbanization in India is a major reason for the rising levels of income disparity in the country.
10th March 2015

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
Right Chintak, Hope for the best. BDD could select for the cluster redevelopment model under which, if residents choose for renovation through MHADA , they will get the benefit of larger homes. However a decision will be taken only after considering the interest of existing tenants and other factors such as MHADA's capability and the need for affordable housing.Right Chintak, Hope for the best. BDD could select for the cluster redevelopment model under which, if residents choose for renovation through MHADA , they will get the benefit of larger homes. However a decision will be taken only after considering the interest of existing tenants and other factors such as MHADA's capability and the need for affordable housing.
Q: How Indian Real Estate Market will likely fair in 2015?
My replies to this discussion
Actually , the outlook is positive for the Asia-Pacific region as well. As per CBRE South Asia Pvt. Ltd. rapid urbanization, demographic growth, an expanding middle-class and increasingly wealthy households, economic growth in Asia-Pacific region will remain ahead of the world average in the coming year. It will translate into stronger demand for high quality property, especially suburban retail malls and residential housing.Actually , the outlook is positive for the Asia-Pacific region as well. As per CBRE South Asia Pvt. Ltd. rapid urbanization, demographic growth, an expanding middle-class and increasingly wealthy households, economic growth in Asia-Pacific region will remain ahead of the world average in the coming year. It will translate into stronger demand for high quality property, especially suburban retail malls and residential housing.
My comments to replies
Actually , the outlook is positive for the Asia-Pacific region as well. As per CBRE South Asia Pvt. Ltd. rapid urbanization, demographic growth, an expanding middle-class and increasingly wealthy households, economic growth in Asia-Pacific region will remain ahead of the world average in the coming year. It will translate into stronger demand for high quality property, especially suburban retail malls and residential housing.
Right Praveen, According to numbers released in February, gross domestic product (GDP) growth was 8.2% and 7.5% in the last two quarters of 2014. For the current financial year, the government expects GDP growth at 7.4% compared with 6.9% in the previous financial year.
19th March 2015

Q: Looking for properties around Andheri east, Andheri West, Goregaon East, Goregaon West, Bandra East, Kalina

My replies to this discussion
Yes there are some projects which offers subvention schemes. These are Sheth Creators Vasant Oasis in Andheri (E)10:80:10 Payment Plan, Veena Developers Crest, Andheri (W), 25:75 Payment Plan, Avenue, Oasis & Boulevard, Andheri & Kandivali - Monthly rent of Rs 25,000 - 40,000 till possession etc.Yes there are some projects which offers subvention schemes. These are Sheth Creators Vasant Oasis in Andheri (E)10:80:10 Payment Plan, Veena Developers Crest, Andheri (W), 25:75 Payment Plan, Avenue, Oasis & Boulevard, Andheri & Kandivali - Monthly rent of Rs 25,000 - 40,000 till possession etc.
Q: Hi, my query is how are the returns on investment in Nalasopara?

My replies to this discussion
Hey Jerome, I have a question in mind and would like to ask you that in 2011 and 2012 Nala Sopara observed the maximum number of units launched after which, there has been a constant drop in the number of units launched. The first quarter of 2015 too has not yet seen any major launches. Why?Hey Jerome, I have a question in mind and would like to ask you that in 2011 and 2012 Nala Sopara observed the maximum number of units launched after which, there has been a constant drop in the number of units launched. The first quarter of 2015 too has not yet seen any major launches. Why?
Q: Hi, What are the pros and cons of new proposed FSI in the development plan?

My comments to replies
HI All, What i think that a development plan with a 20-year time period needs time to be perfected and looked into and if that means a year or two longer, there is no harm. And at the same time development rules are crucial for any city or even smaller regions, as a result planning will direct the shape and form they take over a period of time.
Hi Pranab, The biggest issue which will come out of this conclusion is what will take place in the changeover period till the new plan comes in. Due to uncertainness, developers will be unable to launch new projects. I hope that the new plan is executed at the earliest to avoid further negative impact on Mumbai's real estate and its infrastructure.
24th April 2015

Q: Hi, how are investment prospects in Panvel?

My replies to this discussion
Hi Rajiv, The biggest drivers of property market in Panvel initially were reasonable prices and a peaceful environment. Later, the Panvel housing market got a big boost by the fast industrialization in and around Navi Mumbai. The upcoming Mumbai international airport in the place has now become a advantage for the property market in the area.Hi Rajiv, The biggest drivers of property market in Panvel initially were reasonable prices and a peaceful environment. Later, the Panvel housing market got a big boost by the fast industrialization in and around Navi Mumbai. The upcoming Mumbai international airport in the place has now become a advantage for the property market in the area.
Q: Hi, What all sizes in 2BHK are available in Suvidha Pearl?
My replies to this discussion
Hi, How much they are charging for booking? Is the sample flats ready? Are all the approvals in place?Hi, How much they are charging for booking? Is the sample flats ready? Are all the approvals in place?
Q: May i know the construction status of Kanakia Platino as i have booked a 3BHK unit in it?
My replies to this discussion
Hi, Fortnight back i have discussed regarding this project and found that the construction work has been started and work on plinth is going on.Hi, Fortnight back i have discussed regarding this project and found that the construction work has been started and work on plinth is going on.
My comments to replies
Hi, Fortnight back i have discussed regarding this project and found that the construction work has been started and work on plinth is going on.
Ofcourse Devika, They are charging 10% i.e Rs. 26 lacs approx. of the agreement value as a booking amount and rest of the 20% within 1 month from the registration date. Almost all the leading banks such as Axis, SBI, HDFC, ICICI, DHFL, PNB etc. are funding this project.
25th March 2015

Q: If anybody looking for buying flats in South Mumbai, the Air India had been looking for buyers who can purchase its 4 flats at up-market Peddar Road in South Mumbai since last 2 yrs.

My replies to this discussion
Yes Deep, Air India has some working capital borrowings from SBI, besides long-term loans. The funds raised from the sale proceeds would help reduce this working capital loan besides reducing the interest outgo.Yes Deep, Air India has some working capital borrowings from SBI, besides long-term loans. The funds raised from the sale proceeds would help reduce this working capital loan besides reducing the interest outgo.
My comments to replies
Hi Kunal, But it is also heard that State Bank of India has received all necessary approvals to buy residential properties of cash-deprived national air service provider, Air India, in south Mumbai for Rs 90 crore. is it available for local buyers or not?
No, it is not for common people as the bank has got all the required approvals and it has passed on its willingness to buy the properties from Air India and is currently waiting for the Air India to finish its side of approvals. SBI is planning to allocate these flats to its top executives of the rank of Deputy Managing Directors and General Managers.
30th March 2015

Are you talking about the same flats which the national airline had floated bids for e-auctioning in August 2013? Each of these 3-BHK flats measures 2033 sq-ft in carpet area.
You are absolutely right Shalini, Air India has sent the proposal to the Civil Aviation Ministry for its approval after confirming the communication from the bank on proposed real estate deal. The proposal is now with the Ministry for its approval.
30th March 2015

Q: As per a research, Mumbai seems to be the most favorable investment destination.
My comments to replies
Hi Abhinands, The research was conducted to help the investor community identify & shortlist areas that hold the promise of good returns based on their past performance. The research also gave property recommendation for people falling under different income brackets.
Right Devika, Chembur East in Mumbai Central Line, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai Andheri-Dahisar have posted over 20% price appreciation. Mumbai has seen stabilization in property prices on account of un-sold inventory and delay in new project approvals. Areas in Thane and Navi Mumbai are finding favor among the investors who want to invest in sub 10000/sq-ft properties with the promise of high returns.
1st April 2015

Q: Hi, Which area in Mumbai consist spacious 2BHK flats in with a built-up area of about 1200-1300 sq-ft?
My replies to this discussion
Well Rakshit, How is the locality of Powai and what is the monthly rental of a 2BHK flat in 1100 sq-ft of built-up area? Well Rakshit, How is the locality of Powai and what is the monthly rental of a 2BHK flat in 1100 sq-ft of built-up area?
Q: Hi, i want to know the current stamp duty and registration charges of property in Mumbai?
My replies to this discussion
Hi everybody, The guideline value, more commonly known as guidance value, is the minimum value at which a property can be registered. It is decided by the respective State governments and differs from one area to another in a city. While registration charges are mostly fixed, stamp duty in Maharashtra can change from time to time, with the Maharashtra government revising them mostly annually. These charges are primarily dependent on the existing market rate of the property, the expansion of the city limits and the property market performance.Hi everybody, The guideline value, more commonly known as guidance value, is the minimum value at which a property can be registered. It is decided by the respective State governments and differs from one area to another in a city. While registration charges are mostly fixed, stamp duty in Maharashtra can change from time to time, with the Maharashtra government revising them mostly annually. These charges are primarily dependent on the existing market rate of the property, the expansion of the city limits and the property market performance.
From now onwards, on buying a property, the owner has to pay 5% stamp duty and 1% or Rs 30000 (whichever is less) of the total flat value to the state government. This is mandatory for every sale and purchase of the property.From now onwards, on buying a property, the owner has to pay 5% stamp duty and 1% or Rs 30000 (whichever is less) of the total flat value to the state government. This is mandatory for every sale and purchase of the property.
My comments to replies
Hi everybody, The guideline value, more commonly known as guidance value, is the minimum value at which a property can be registered. It is decided by the respective State governments and differs from one area to another in a city. While registration charges are mostly fixed, stamp duty in Maharashtra can change from time to time, with the Maharashtra government revising them mostly annually. These charges are primarily dependent on the existing market rate of the property, the expansion of the city limits and the property market performance.
WC Kishore, Saleable Value = Size of property x Guidance Value Registration charges = 1% of Saleable Value Stamp Duty = 5% Total cost of the property = Saleable value of the property + Stamp duty + Registration charges Let us take the instance of a property which measures 2000 sq-ft. in an area in Mumbai where the guidance value is Rs 5000/sq-ft. Hence, The Saleable Value of this property = 2000 x 5000 = Rs 10000000 Registration charges = 1% of 10000000 = Rs 100000 Stamp duty in Urban areas = 5% of 10000000 = Rs 500000
17th August 2015

Hi Roshni and Kishore, What is Guidance Value and who decide it? It it differ from are to area? Where should i pay the Stamp Duty and Registration Charges?
@Kishore, The guideline value, more commonly known as guidance value, is the minimum value at which a property can be registered. It is decided by the respective State governments and differs from one area to another in a city. While registration charges are mostly fixed. You can pay Stamp Duty and Registration charges in Maharashtra through the Govt. Of Maharashtra, Department Of Registration and Stamp. You can also pay it online.
17th August 2015

Hi friends!! In form of Krishi Kalyan Cess, a levy of 0.50% is going to add up to existing rate of service tax on all taxable services which sums up to total service tax of 15%. Arun Jaitely, in his first budget had increased service tax rate to 14% from 12.36% and then added 0.50% as Swachh Bharat Cess from 15th November, 2015. Now, with krishi kalyan cess of 0.50%, the new service tax rate will be 15% effective from 1st June 2016.
On the other hand Govt. of Maharashtra have published there New Guidelines on Ist of January 2016, with modification in valuation factor to determination of true market value of property for the year 2016 due to which there is an increase of 15% to 20% of market value.
2nd June 2016

From now onwards, on buying a property, the owner has to pay 5% stamp duty and 1% or Rs 30000 (whichever is less) of the total flat value to the state government. This is mandatory for every sale and purchase of the property.
Right Samrat, As per the current Ready Reckoner Rates for Mumbai island city have went up 10.5% for both residential and office property transactions. In Colaba, RR rates on an average saw a jump of 10% across for residential and office space transactions. While in Worli, on an average rates for different property transactions were increased by 4.3%. In Lower Parel, although the average numbers showed reckoner rate increase of 8.6%,
16th July 2015

Hi all, Maharashtra government has aforesaid that these rates in Maharashtra can stay unchanged until 31st March, 2016 rather than 1st January 2016.
Hi Ashish, And the reason is, The decision comes in the wake of the state government’s plan to stabilise the steep increase in housing prices in all metros, and two- and three-tier cities. An unchanged RR aims to boost the real estate sector, which is reeling under a slowdown.
18th February 2016

Q: Why is Credai moving toward bulk buying? Apart from cost cutting, is there any other reason?
My replies to this discussion
Hello Shalini, Credai's main aimed at cutting costs for its members numbering more than 11000 across the country. Because of that Credai s looking at bulk buying to get most of the building materials directly from manufacturers. As per the report they are preparing to experiment with the bulk buying model shortly.Hello Shalini, Credai's main aimed at cutting costs for its members numbering more than 11000 across the country. Because of that Credai s looking at bulk buying to get most of the building materials directly from manufacturers. As per the report they are preparing to experiment with the bulk buying model shortly.
My comments to replies
Hello Shalini, Credai's main aimed at cutting costs for its members numbering more than 11000 across the country. Because of that Credai s looking at bulk buying to get most of the building materials directly from manufacturers. As per the report they are preparing to experiment with the bulk buying model shortly.
Right Shaunak, Credai's move comes at a time when property developers are stuck with Rs 6.2 lakh crore worth of unsold residential stock piled up over the last few years. The sale of residential units fell to 2.34 lakh units in 2014, a drop of 17% compared to the previous year, while new launches saw a extreme fall of 28% at 2.68 lakh units during the year.
8th April 2015

Thanks Roshini, Had the Credai experimented with the bulk buying earlier? How was the previous buying result and what are the expecting this time?
Yes, Credai had experimented successfully with the bulk buying model on a lead basis earlier by getting large quantities of cement from the Cement Corporation of India. This time they could not continue with the bulk buying model as the industry body did not have numbers those days. Today they are pretty large community and can think about presenting their bargaining power with the manufacturers to gain significantly over standard buying models.
8th April 2015

Q: Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.
My replies to this discussion
As per R K Arora, Chaiman of Supertech Ltd., Real Estate Regulation Bill is a brilliant move towards bringing discipline in real estate sector. It will safeguard the interests of buyers and investors. Additional, the development of regulatory authorities with freedom to buyers and investors to approach multiple avenues like Consumer Courts and Civil Tribunal and several other agencies like CCI etc., having power to get involved, would create a situation of multiple procedures together and different kinds of conclusions coming from different institutions.As per R K Arora, Chaiman of Supertech Ltd., Real Estate Regulation Bill is a brilliant move towards bringing discipline in real estate sector. It will safeguard the interests of buyers and investors. Additional, the development of regulatory authorities with freedom to buyers and investors to approach multiple avenues like Consumer Courts and Civil Tribunal and several other agencies like CCI etc., having power to get involved, would create a situation of multiple procedures together and different kinds of conclusions coming from different institutions.
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, What are the various approvals one required obtain separately from various departments and government authorities?Hi, What are the various approvals one required obtain separately from various departments and government authorities?
Is it necessary to submit structural plans approved by a structural engineer to the BMC?Is it necessary to submit structural plans approved by a structural engineer to the BMC?
Q: Hey, i have booked a flat in Vijaylaxmi Bliss, Andheri East. What is the current status of this project? When is the project possession date?
My replies to this discussion
Hi, Those who are planning to buy property in Andheri east, Mumbai, can get maximum appreciation in the coming days. To get more information of this project click the link Vijaylaxmi Bliss, Andheri East, Mumbai Or, To get best deal list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirementsto get matching properties details on your Email and Mobile.Hi, Those who are planning to buy property in Andheri east, Mumbai, can get maximum appreciation in the coming days. To get more information of this project click the link Vijaylaxmi Bliss, Andheri East, Mumbai Or, To get best deal list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirementsto get matching properties details on your Email and Mobile.
Q: Hi, can anyone provide me the price/sq-ft of Salangpur Salasar Ashirwad, Mira Road?

My replies to this discussion
Hi Dayananda, The current price quoted for Salangpur Salasar Ashirwad, Mira Road is Rs. 6600/sq-ft.Hi Dayananda, The current price quoted for Salangpur Salasar Ashirwad, Mira Road is Rs. 6600/sq-ft.
My comments to replies
Hi Roshini, Do you know when is the project possession date? My friend is also like this project and planning for booking? Is there any flats available in 1st and 2nd floor?
He Shaunak, As per the sales guy, the date of possession will be June'2017. For your kind information i would like to tell you that all the flats of 2/3BHK have been sold out.
30th April 2015
@Shaunak, Salangpur Salasar Ashirwad by Salangpur Group located at Mira Road offers 1/2BHK residential apartment. It's sizes are 685 sq-ft. in 1BHK and 1000 sq-ft in 2BHK. Price of 1BHK will be Rs. 45.21 lacs and Rs. 66 lacs for 2BHK. It is a G+7 storeys apartment consists 84 flats in 3-Towers.
30th April 2015

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.
Hi Rajat, Why are you hiding the fact? Even i have discussed with some local broker in Mira Road and they told me that stay away from this project as this project is not going to start. They have some legal issue with the project.
8th May 2015

Q: Hi, can anybody tell me which are the top areas in MMR with highest units supply?

My comments to replies
Hey Sishir, Top localities in MMR with highest units supply are Ghodbunder Road ranked first with overall 994 units , Kandivali East - overall 630 units, Mulund West - overall 368 units, Kalyan West - overall 864 units and Dombivali East- overall 369 units.
Thanks Diwakar, I think you are from real estate background or have close eyes on MMR realty market. Do you have any information on top areas in MMR for Rental availability?
14th May 2015
Great Diwakar, Powai leading in rental availability with overall 554 units. Do you have any realty update on MMR? I heard that there is a proposal to extend the Jogeshwari Flyover upto Jogeshwari Vikhroli Link.
14th May 2015

Hi Roshini and Diwakar, Where did you get all those information buddy? It will really help a lot of people who are planning or going to invest in MMR? What about the upcoming airport in Navi Mumbai?
Maharashtra Chief Minister Devendra Fadnavis has said that the proposed Navi Mumbai International Airport will be operational by 2019 as all the necessary approvals are in place and they are waiting for some more land acquisition. Mumbai Metro rail Corporation has announced in - situ rehabilitation for residents of 26 building in South Mumbai for Metro Ph-3.
14th May 2015

Q: I need information on Hiranandani Gardens, Powai, Mumbai.

My replies to this discussion
Hi, To get more information on Hiranandani Gardens, Powai click the link Hiranandani Gardens, Powai Or, To get best deal on it list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile. Hi, To get more information on Hiranandani Gardens, Powai click the link Hiranandani Gardens, Powai Or, To get best deal on it list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
Q: When are they giving possession for Oberoi Prisma, Andheri East?
My replies to this discussion
Hi Chintak, Have you booked a flat in Prisma? I am looking for this project. Can you tell me what are the sizes available in 4BHK? How much per square feet they are charging now?Hi Chintak, Have you booked a flat in Prisma? I am looking for this project. Can you tell me what are the sizes available in 4BHK? How much per square feet they are charging now?
My comments to replies
Hi Chintak, Have you booked a flat in Prisma? I am looking for this project. Can you tell me what are the sizes available in 4BHK? How much per square feet they are charging now?
Thanks Chintak, What will be the approximate price of 4BHK? What about the project approval? Are all the necessary approvals are in place? Which all banks are funding this project?
29th May 2015

Q: Hi, i wanted to know the available sizes in 2 BHK as well as its price.
My replies to this discussion
Hi Dev, Even i am planning to book a 2BHK of this project and had a word with the sale executive. He told me that the possession date will be December'2016. The locality of Andheri east comes under BMC and all the necessary approvals are in place and they are ready to show at booking time. HDFC and Indiabulls are offering loan for this project.Hi Dev, Even i am planning to book a 2BHK of this project and had a word with the sale executive. He told me that the possession date will be December'2016. The locality of Andheri east comes under BMC and all the necessary approvals are in place and they are ready to show at booking time. HDFC and Indiabulls are offering loan for this project.
My comments to replies
Hi Dev, Even i am planning to book a 2BHK of this project and had a word with the sale executive. He told me that the possession date will be December'2016. The locality of Andheri east comes under BMC and all the necessary approvals are in place and they are ready to show at booking time. HDFC and Indiabulls are offering loan for this project.
Sure......Dev Crescent Solitaire in Andheri East has the excellent connectivity to the other parts of the city like it is 5 minutes from Western Express Highway, 3 minutes from Saki Naka Metro Station, 2 minutes from International Airport, L & T Bridge connectivity from Western Express Highway, connectivity to business districts like SEEPZ, MIDC and BKC at equivalent distance, close connectivity to Ghatkopar, Kurla, Powai and Jogeshwari by various means of transport.
2nd June 2015

Q: Is there any 1RK available for sale in Solitaire Space? What is it's price? Any lead on it is highly appreciable.
My comments to replies
Hi Chintak, Solitaire Space by Space india located at Panvel, Navi Mumbai offers 1RK and 1BHK. All the 1RK in Solitaire Space have been sold out only few 1BHK is available for sale. The sizes of 1BHK will be 640 sq-ft. It is a G+7 single storey apartment.
Hi Chintak, To get more details of this project click the link Solitaire Space, Panvel Or, To get best deal on it list oyur requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
9th June 2015

Q: Hi, can anybody provide me the project details of this project?
My replies to this discussion
HI Ketal, Kalpataru Waterfront by Kalpataru Ltd. is a premium residential project located near Panchmukhi Hanuman Temple, New Panvel, Navi Mumbai. It offers 2/3 BHK residential apartments. 2BHK from 1270-1350 sq-ft and 3BHK from 1850-1910 sq-ft. It is a G+136 storeys apartments consists 90 units.HI Ketal, Kalpataru Waterfront by Kalpataru Ltd. is a premium residential project located near Panchmukhi Hanuman Temple, New Panvel, Navi Mumbai. It offers 2/3 BHK residential apartments. 2BHK from 1270-1350 sq-ft and 3BHK from 1850-1910 sq-ft. It is a G+136 storeys apartments consists 90 units.
@Mansoor, Yes, Kalpataru Waterfront by kalpataru Ltd. is a CIDCO approved project and has all the required approvals. All the major financial institutions have approved this project.@Mansoor, Yes, Kalpataru Waterfront by kalpataru Ltd. is a CIDCO approved project and has all the required approvals. All the major financial institutions have approved this project.
My comments to replies
Hello Roshini, Even i am planning to buy 2BHK in Kalpataru Waterfront? Can you tell me the price of 2BHK of this project? What is the current price they are quoting now? What will be the floor rise charges?
Hi Anirudh, The cost of 2BHK will be Rs. 1.02 crore to Rs. 1.09 crore and for 3BHK it will be around Rs. 1.50 crore to Rs. 1.54 crore all exclusive. They are charging Rs. 8030-8075/sq-ft. For floor rise you have to pay extra Rs. 45/sq-ft.
9th June 2015
Ur Wc Anirudh, The booking amount will be 20% of the registration value and rest of the amount based on easy EMI. The expected date of possession will be March'2017.
9th June 2015

My replies to this discussion
Don't take it as a shabby. Think about its benefit. Most people don't realize that 8 out of 10 fire deaths occur in the home. They usually happen at night when you and your family are asleep. Fires are fast and they can go from a tiny flame to total destruction in as little as 3 mins. Fire sprinklers can put down and often put out a fire before the fire department arrives, giving your family time to escape.Don't take it as a shabby. Think about its benefit. Most people don't realize that 8 out of 10 fire deaths occur in the home. They usually happen at night when you and your family are asleep. Fires are fast and they can go from a tiny flame to total destruction in as little as 3 mins. Fire sprinklers can put down and often put out a fire before the fire department arrives, giving your family time to escape.
Q: Hello All, Can anyone update the development update on Dosti Planet North, Shilphata and potential growth prospects of the area.

My replies to this discussion
Hi Dev, I am planning to book a 2BHK in Dosti Elmore. can you tell me what will be the booking amount and if i go through loan then which all banks will fund me? Have they got all the necessary approvals?Hi Dev, I am planning to book a 2BHK in Dosti Elmore. can you tell me what will be the booking amount and if i go through loan then which all banks will fund me? Have they got all the necessary approvals?
My comments to replies
Hi Dev, I am planning to book a 2BHK in Dosti Elmore. can you tell me what will be the booking amount and if i go through loan then which all banks will fund me? Have they got all the necessary approvals?
Thanks Dev, Can you tell me when are they giving possession of the project? Is the above mentioned price is negotiable or not? Are there any floor rise charges?
23rd July 2015

Q: Planning to invest in Oyster Living Divino project in Dahisar (East). Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability.
My comments to replies
Hi, Im interested in this project, is there a previous buyer that i could talk to for some information?
Hi, Are you looking for flat in Oyster Living Divino, Dahisar East, Mumbai? To get more details of this project click this link Oyter Living Divino, Dahisar East, Mumbai Or, To get best deal on it, You can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
6th September 2016

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

My replies to this discussion
Good morning Dev, There are many factors to consider while buying a property such as your present requirements, property prices, locality and future preferences and most importantly, it should be fitted i your budget. As such, it may be quite confusing to choose between a 1, 2 or a 3BHK apartment. As a first time home-buyer, it may not always be easy to choose the right apartment configuration.Good morning Dev, There are many factors to consider while buying a property such as your present requirements, property prices, locality and future preferences and most importantly, it should be fitted i your budget. As such, it may be quite confusing to choose between a 1, 2 or a 3BHK apartment. As a first time home-buyer, it may not always be easy to choose the right apartment configuration.
My comments to replies
Which are the most important things which one should consider while making a choice for buying flats?
Hi Puneet, The first thing you should consider while making a choice for buying a 1/2/3BHK apartment is to know your requirements. Ask yourself simple questions like "why am I buying this apartment?", "Is it for my own use or renting out?", "how many family members will stay in the house?" or "what is the space I will need in my house for now and future?" and so on.
11th August 2015
Well Puneet..... Advantages of 1BHK:- small in size and comfortable, affordable, easy maintenance due to smaller space.easier to rent it out, when compared to a 3 or 4BHK, loading factor per unit is relatively low etc. Disadvantages of 1BHK:- it is ideal mostly for bachelors or couples and demand and supply gap in most metros other than Mumbai.
11th August 2015

Q: Which are the growth factors of Goregaon East from a real estate standpoint?

My replies to this discussion
Hi Folks....... I go through your post and found that everyone has shown only the positive points of the locality but there are few disadvantages or you can say that not so good for the working people. Roads during peak hours are jam packed, which makes taking out your vehicle a nightmare. The road beneath Dindoshi flyover often witnesses heavy traffic jam during this time, making the roads around Dindoshi Bus Depot and Western Express Highway too congested to drive through.Hi Folks....... I go through your post and found that everyone has shown only the positive points of the locality but there are few disadvantages or you can say that not so good for the working people. Roads during peak hours are jam packed, which makes taking out your vehicle a nightmare. The road beneath Dindoshi flyover often witnesses heavy traffic jam during this time, making the roads around Dindoshi Bus Depot and Western Express Highway too congested to drive through.
My comments to replies
Hi Folks....... I go through your post and found that everyone has shown only the positive points of the locality but there are few disadvantages or you can say that not so good for the working people. Roads during peak hours are jam packed, which makes taking out your vehicle a nightmare. The road beneath Dindoshi flyover often witnesses heavy traffic jam during this time, making the roads around Dindoshi Bus Depot and Western Express Highway too congested to drive through.
Hi Mansoor ji!!!! The locality is well developed and has both residential and commercial real estate options. Some of the colleges located around the area include St. Pius X College, Ryan College of Engineering and Management, Whistling Woods International Institute etc. The hotels located around this area include Karan Palace Hotel, Sai Leela Hotel, Grand and Sarovar Premiere. The Oberoi and The City Centre Mall located in Goregaon West is in proximity to the locality. PVR Cinema and Movietime Cinemas are the two of the multiplexes located here. It has a number of night clubs and pubs. The locality also has a number of clinics and pharmacies. Lifeline Medicare Hospital, Gokuldham Medical Center, Sai Sparsh Hospital, and Aarey Hospital are some reputed health care facilities in the locality.
7th September 2015

Thanks a lot Roshini........ How is the social and physical infrastructure of Goregaon East? Which are the upcoming infrastructure projects that are expected to improve the real estate market of locality?
Ur welcome Mansoor!!!! Goregaon East has well developed social and physical infrastructure and this has made the locality one of the most preferred residential localities in Mumbai. The demand mainly comes from the high income group. Earlier it was a middle class neighborhood. But in recent times, it has become an upmarket area. As such, it attracts many upper middle class and high income people including television actors, working professionals and businessmen. Some of the infrastructural projects which are expected to improve the locality include: Rail connectivity is under construction between the Harbour Line from CST to Goregaon. A flyover is planned along the Goregaon-Mulund Link Road, which connects to Link Road on the west and Goregaon East on the other side. Once completed it is expected to effortlessness traffic.
7th September 2015

Q: Dear Sir / Madam, I had approached Indiahomes in second half of 2012 for buying a flat in Malad/Goregaon viccinity and was presented with a detailed report regarding Shivshakti Enclave by Saaga Infra Projects. This was supposed to be a redevelopment project and bookings were open in Prelaunch stage. India homes representatives (Mr Prashant Zodge & Mr Mitesh) arranged a site visit and then negotiations with the developer thereafter. Being new to Mumbai, I hardly knew about the developer but was well aware that Indiahomes verified project would be a safe investment. Personnel from both - the developer and India homes followed up for payments and the flat was booked in 100% white transaction (Flat E-101). Alas my hopes were dashed when I followed up back with both parties regarding progress status and the project till date has not even started as yet and the old society still stands as it is. To my surprise both Indiahomes and Saaga Infra Projects refused to let me know updated status just avoiding my calls or requests for a refund. The site office has since been closed and even the main office of the developer has shifted once. Mr. Uday Surve - a supposedly reputed name in the industry has refused to meet even once in my follow up for the last 2 years ans so has the staff from India Homes simply flashing 'Project Unavailable' - Status on their website. Any number of enquires for this project are not retured with calls / sms to their office. I feel swindled of my hard earned money and pity the cheap marketing techniques employed by Indiahomes without checking background information on the project which have left buyers like my without a shelter in Mumbai. I am thinking of initiating legal action / consumer court complaint against both Saaga Infra Projects & India homes for cheating and fraud. Hope this complaint gets noticed and long delayed feedback is given. kind regards

My replies to this discussion
Hi Miheer, Really very sad to hear from you. Any person can file a complaint against the builder, developer, broker with the consumer court under the following circumstances: If the developers or the builders did not deliver the house within the agreed time limit. If time limit not mentioned, it is assumed that the construction will be finished within maximum of 3 years from the date of start of work. The person should let the builder know about the grievance and send a notice to the builder in writing.Hi Miheer, Really very sad to hear from you. Any person can file a complaint against the builder, developer, broker with the consumer court under the following circumstances: If the developers or the builders did not deliver the house within the agreed time limit. If time limit not mentioned, it is assumed that the construction will be finished within maximum of 3 years from the date of start of work. The person should let the builder know about the grievance and send a notice to the builder in writing.
Q: The Ministry of Urban Development also clarified that it does not intend to come out with a "Model Smart City Plan" as such plans are city-specific.
My comments to replies
Participants appeared at the event were given an account of strategic planning adopted for development of cities like Washington, Oakland (California), London, Barcelona, Beijing, Sao Paulo, Rio de Janeiro, Istanbul, Mumbai etc,
@Supratim, D During the camp, issues were raised by representatives of states and urban local bodies regarding implementation of the Smart City Mission and they were clarified by senior Urban Development Ministry officials. One of the issues raised by the states and mayors, was to give appropriate weightage for "Pan-City Smart" solutions while rating the Smart City Plans in the 2nd stage of City Challenge Competition, given the benefits that flow from them to larger sections of people in urban areas.
8th October 2015

Q: Any updates on project approval in Gauri Excellency????

My comments to replies
Hi Mahendra, As per the developer IOD is in place but they are waiting for the Commencement Certificate. It will take another 2 months to obtain the CC. AS far as bank loan is concerned, all the leading banks and financial institution are offering loan for this project.
What are the configuration available in 2BHK and its price? Where is the project exactly located as i am looking for a site visit too?
9th October 2015
Thanks Kishore, What will be the carpet area of 1BHK? What is the current price per square foot they are quoting now?
9th October 2015

Q: Two residents of Dighe, Navi Mumbai whose flats were demolished by MIDC last week, have registered an FIR against the builders at Rabale MIDC police station.
My replies to this discussion
Yes, Case has been lodged against 7 builders and an agent for cheating them of their hard-earned money. This is the 1st such FIR against the builders of 99 illegal buildings in Dighe, which are under high court's scrutiny.Yes, Case has been lodged against 7 builders and an agent for cheating them of their hard-earned money. This is the 1st such FIR against the builders of 99 illegal buildings in Dighe, which are under high court's scrutiny.
Right Santosh, While Lale, a flat owner in Keru Plaza, filed a criminal case against Manoj Kharkar, Vivek Patil, Jagdish Patil and Dashrath Hande, who are partners of a construction firm and agent Jitendra Keni.Right Santosh, While Lale, a flat owner in Keru Plaza, filed a criminal case against Manoj Kharkar, Vivek Patil, Jagdish Patil and Dashrath Hande, who are partners of a construction firm and agent Jitendra Keni.
Now MIDC has been asked to submit the list of illegal buildings, which came up on their plots and names of builders involved in these projects, which will enable them to proceed further and take action.Now MIDC has been asked to submit the list of illegal buildings, which came up on their plots and names of builders involved in these projects, which will enable them to proceed further and take action.
Q: Hi Are there any flats still available in Centelia/Dandelion in 2 bhk? How my floors are there in each building?

My comments to replies
No, only few 3BHK is available for sale. You can directly talk to the builder if there is any builder floor available.
Hi Usman, i can only say that builder is good but before buying check all the legal approvals, total cost of the flat including EDC and IDC, check all the important clauses mentioned in the agreement. Better, verify it by a property lawyer. As i read some bad reviews in this project. Happy property buying....
26th November 2015

Q: The government of Maharashtra has asked municipal corporations in the state to work on cutting the number of approvals needed for a project in the realty sector to about 70, from the present level of 200.
My comments to replies
Hi Jerome, This step is in response to recent complaints from those in the sector on a time consuming process of approvals. In the case of Brihanmumbai Municipal Corporation alone, there are 36 approvals required from its various departments, 16 from the state government and 13 from the central government.
You are right Bikram. Apart from that there are sub-permissions. The time taken for these clearances is 18 to 24 months and is the root cause for the high value of property and possession delay.
8th December 2015

Q: I am looking to buy a 2 or 2.5 BHK in Rustomjee Elanza. Please let me know if it is available and who I should contact.

My comments to replies
Better than Elanza - if space, smaller society and inside flat details are imp for you, then try Athena next to Infant Jesus Road nr Link Road. Pretty good flats 11 floors and 2 flats per floor. Rate quoted for Elanza is definitely not worth the product
Hello Sir, This is my first investment so far so i would like to know that what will be the cost of 2BHK in Athena? Who is the developer and how is their track record? Have you booked your property in this project? What is the current per square foot rate is going on?
29th January 2016

Q: Mumbai-based real estate developer Oberoi Realty has received required approvals to go ahead with its project in Worli.

My comments to replies
Earlier in 2011, the developer had bought out private equity fund ICICI Venture Funds' 50% stake in the joint venture company I-Ven Realty for about Rs 300 crore. And now a 4 acre land acquired from GalxoSmithKline near Mumbai's old passport office on Dr. Annie Besant Road in Worli.
Hello kalki, I heard that they have received the commencement certificate for their Glaxo Worli Land parcel and as far as approval view is concerned, t has been cleared. They will soon decide whether to go ahead with a retail or residential project on this land parcel. Project is not yet finalized.
19th January 2016

Q: Hi. Can anybody share the list of documents that I need to verify as per buying a resale resale flat in Mumbai ( Kandivali-W)

My replies to this discussion
Hi, Checklist before buying a resale flat are as follows: 1) Encumbrance certificate, 2) Completion Certificate, 3) Commencement Certificate, 4) No Objection Certificate, 5) Khata, 6) Occupancy Certificate, 7) Joint development agreement (if any), 8) General Power of attorney (GPA), 9) Building plan approvals, 10) Allotment letter, 11) Tri partite agreement (if any), 12) Land-use Certificate / Conversion Order, 13) Details of electricity, water and power backup.Hi, Checklist before buying a resale flat are as follows: 1) Encumbrance certificate, 2) Completion Certificate, 3) Commencement Certificate, 4) No Objection Certificate, 5) Khata, 6) Occupancy Certificate, 7) Joint development agreement (if any), 8) General Power of attorney (GPA), 9) Building plan approvals, 10) Allotment letter, 11) Tri partite agreement (if any), 12) Land-use Certificate / Conversion Order, 13) Details of electricity, water and power backup.
Q: About 1.47 million residential units across 7 major cities in India are delayed by 14-30 months.

My replies to this discussion
IAs you bow so will you reap fits for the developers across India. Most of these projects were launched between 2008 and 2010 and delayed by 15-36 months. Few of them are more than 5 years. It is creating a crisis for not only the homebuyers but also the developers which are facing cash crunch on one hand and litigations on the other.IAs you bow so will you reap fits for the developers across India. Most of these projects were launched between 2008 and 2010 and delayed by 15-36 months. Few of them are more than 5 years. It is creating a crisis for not only the homebuyers but also the developers which are facing cash crunch on one hand and litigations on the other.
Hi Rishi, Data also indicates that 2567 of the delayed projects are in Mumbai metropolitan region, followed by Pune with 1254 projects, Bengaluru with 1205 projects and National Capital Region with 784 projects. The study covers Pune, Kolkata, Hyderabad, Chennai, Bengaluru, MMR, and NCR. It includes only those projects which were supposed to be ready between 2013 and 2015.Hi Rishi, Data also indicates that 2567 of the delayed projects are in Mumbai metropolitan region, followed by Pune with 1254 projects, Bengaluru with 1205 projects and National Capital Region with 784 projects. The study covers Pune, Kolkata, Hyderabad, Chennai, Bengaluru, MMR, and NCR. It includes only those projects which were supposed to be ready between 2013 and 2015.
My comments to replies
Hi Sammy, Sandesh City Apartment, Jamtha, Nagpur is ready-to-move. Possession has started and few flat owners have got their flat possession. But one thing keep in your mind while you are taking your flats possession that Occupancy certificate is in place.
Yes, in absence of Occupancy Certificate, in case you want to sell the property after a lapse of time, you will not be able to do so if you do not possess a valid CC or OC. As per law a flat owner can occupy the apartment only after he gets the OC, otherwise the building is considered illegal.
19th February 2016

Q: i am interested to invest in the area. Plz. provide me the details of this project?
My replies to this discussion
Malbarwala building is a under construction project. It offers only 1BHK apartments. But only 2-3 sites have mentioned about this project and there is no details found such as builders name, BHK configuration, price per square feet, total cost of the flat, booking amount, amenities, car parking facilities, possession date, construction status etc. I think project is delayed or construction work has stopped.Malbarwala building is a under construction project. It offers only 1BHK apartments. But only 2-3 sites have mentioned about this project and there is no details found such as builders name, BHK configuration, price per square feet, total cost of the flat, booking amount, amenities, car parking facilities, possession date, construction status etc. I think project is delayed or construction work has stopped.
Q: While buying the flat builder promise ample water supply..said in case KDMC fail to supply water we have boring which can provide ample water supply.Now when there is shortage of KDMC water builder says that the complete topgraphy of a Raunak city does not boring system...there are rock underneath the whole property..borinf not possible..they simply fooled us..I request all you people not to buy Raunak city any flats in phase 2,3 or4
My replies to this discussion
Hi all, My question is will this location develop as much as other developed areas of Kalyan West? If yes then how many yrs should it take? Also, do I have any other similar option for a 1BHK within 35 lacs in nearby areas?Hi all, My question is will this location develop as much as other developed areas of Kalyan West? If yes then how many yrs should it take? Also, do I have any other similar option for a 1BHK within 35 lacs in nearby areas?
Hello Mr. Bose there is shortage of water all over kalyan by KDMC , And water timing are 6am-9am and 6 pm - 9 pm. which i think is enough if people use it properly. Now, i am asking to you which area in Mumbai, Thane and Navi Mumbai has not the water issue? We can't blame builder every time. It is our duty to save our resources as much as we can.Hello Mr. Bose there is shortage of water all over kalyan by KDMC , And water timing are 6am-9am and 6 pm - 9 pm. which i think is enough if people use it properly. Now, i am asking to you which area in Mumbai, Thane and Navi Mumbai has not the water issue? We can't blame builder every time. It is our duty to save our resources as much as we can.
Q: ruparel arina (parel)mumbai. Developer-Ruparel Group.Status-under contrustion
My replies to this discussion
Hi Swapnil, If you are an end user and you don't want to lose your principal in trying to save interest then do not go for this projects during the construction stage. And if you are an investor, i am sure you know the risks so take your bet accordingly. Currently they are offering 10-20% discounts to roll in the inexperienced buyers to the markets rates and then then screw his happiness. May be they are planning to change the floor plans, make additional demands which obviously has to be 100% funded by you because your house is already mortgaged, and delay project endlessly.Hi Swapnil, If you are an end user and you don't want to lose your principal in trying to save interest then do not go for this projects during the construction stage. And if you are an investor, i am sure you know the risks so take your bet accordingly. Currently they are offering 10-20% discounts to roll in the inexperienced buyers to the markets rates and then then screw his happiness. May be they are planning to change the floor plans, make additional demands which obviously has to be 100% funded by you because your house is already mortgaged, and delay project endlessly.
Q: I want details of its price, location and builders.
My replies to this discussion
Hi, I am looking for 2BHK flats in Parkons Navkar Park, Pune. Is there any 2BHK is available in resale? What would be the price?Hi, I am looking for 2BHK flats in Parkons Navkar Park, Pune. Is there any 2BHK is available in resale? What would be the price?
Q: Whether they are reputed or not? Have they obtained the necessary permissions from the concerned government department / authorities to start the project. I read some users comments below who have mentioned that the slums still need to be cleared. So I have a few doubts in my mind before I take a decision. I would appreciate if some one who has invested in this project could please share their experience. Thanks in advance.

My replies to this discussion
Hi, Are you planning to buy flat in Oyster Living Clublife, Kandivali West, Mumbai? What is your budget and BHK configuration? To get more details of this project click this link Oyster Living Clublife, kandivali West Or, To get best deal on it, You can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you planning to buy flat in Oyster Living Clublife, Kandivali West, Mumbai? What is your budget and BHK configuration? To get more details of this project click this link Oyster Living Clublife, kandivali West Or, To get best deal on it, You can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
My comments to replies
Hi, Check your sale/ allotment agreement on the clause pertaining to cancellation of the booking. It will be as per the agreement. Some agreements have clauses such as; "that after the buyer terminates the contract to buy the apartment if the developer does not commence project construction within a year of allotment letter, the builder will refund the amounts paid by the buyer with simple interest of 6% per annum". So please be aware of your rights as per the agreement. I have mentioned both condition here. Go through it.
I agree with Dev too. In case there is no agreement, there must be a receipt, application form or allotment letter which will have the terms and conditions of cancelling an amount. If there is no such clause, such letter/receipt can be used in court while asking for refund of the amount.
19th September 2016

Q: I am looking for 2 bhk apartment in Thane? I heard about Elite Project? Is it good property to invest in thane?

My comments to replies
I think thane area is favored over other areas as there are various reasonable property accessible and with simple access to neighboring cities and this site is an unquestionable requirement visit for experiences of land in thane on Propsurf
Hi Ritesh, Are you planning to buy flat in Wadhwa Elite, Thane West, Thane? What is your budget? To get more details of this project, click this link Wadhwa Elite, Kolshet Road, Thane West 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
5th October 2016

Q: can i invest in oyster living foresta mira road kashigaon they saying only 1 flat is left..1BHK..and there is no work on site..they say work will start after 2month..plz help as soon as possible

My replies to this discussion
Hi, Are you planning to buy a flat in Oyster Living Foresta, Mira Road, Mumbai. What is your budget? To get more information about the availability of 1BHK and the project, click this link Oyster Living Foresta, Mira Road, 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 a flat in Oyster Living Foresta, Mira Road, Mumbai. What is your budget? To get more information about the availability of 1BHK and the project, click this link Oyster Living Foresta, Mira Road, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile
Q: • I have booked an apartment in Palolem Hills and am very excited for the completion of the project. The entire process was excellently handled and I receive regular updates regarding how far the project construction has gotten. Very impressed!

My replies to this discussion
Hi all, I am interested in a project called Palolem Hills, Canacona, Goa and planning to book a 2BHK units in it. Can you provide me details of the Down Payment Plan and the construction link plan?Hi all, I am interested in a project called Palolem Hills, Canacona, Goa and planning to book a 2BHK units in it. Can you provide me details of the Down Payment Plan and the construction link plan?
Q: What is the latest update? by what month / year /date will the structure be ready? when can we get the position?

My replies to this discussion
@Lalit... Are you looking for flat in Akshar Green World, Airoli, Navi Mumbai? What is your budget? To get more details of the available flats please click this link Akshar Green World, Airoli, Navi 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.@Lalit... Are you looking for flat in Akshar Green World, Airoli, Navi Mumbai? What is your budget? To get more details of the available flats please click this link Akshar Green World, Airoli, Navi Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: 2 BHK price is 1cr+. Worth the product.

My replies to this discussion
Hi friend!! Acme Avenue by Acme Group located in Charkop, at Kandivali West is offering 1.5, 2 and 3BHK premium residences. Sizes are available from 810-812 sq-ft. in 1.5 BHK, from 997-1157 sq-ft. in 2BHK and 1642 sq-ft. in 3BHK. It's current price is Rs.10800/sq-ft. This project is under construction and it is expected that the possession date will be December'2018.Hi friend!! Acme Avenue by Acme Group located in Charkop, at Kandivali West is offering 1.5, 2 and 3BHK premium residences. Sizes are available from 810-812 sq-ft. in 1.5 BHK, from 997-1157 sq-ft. in 2BHK and 1642 sq-ft. in 3BHK. It's current price is Rs.10800/sq-ft. This project is under construction and it is expected that the possession date will be December'2018.
Hi, Are you looking for buying properties in Acme Avenue, Kandivali West? To get more details of this project, click this link Acme Avenue, Kandivali West, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you looking for buying properties in Acme Avenue, Kandivali West? To get more details of this project, click this link Acme Avenue, Kandivali West, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: One of the best projects in Kandivali east. Acme has 2 projects in Kandivali Avenue & Oasis. Prices are almost same, but Avenue has 1.5 BHK flats available.

My replies to this discussion
Hi friends!! Here are the latest information on this project. Acme Avenue by Acme Group located in Charkop, at Kandivali West is offering 1.5, 2 and 3BHK premium residences. Sizes are available from 810-812 sq-ft. in 1.5 BHK, from 997-1157 sq-ft. in 2BHK and 1642 sq-ft. in 3BHK. It's current price is Rs.10800/sq-ft. This project is under construction and it is expected that the possession date will be December'2018.Hi friends!! Here are the latest information on this project. Acme Avenue by Acme Group located in Charkop, at Kandivali West is offering 1.5, 2 and 3BHK premium residences. Sizes are available from 810-812 sq-ft. in 1.5 BHK, from 997-1157 sq-ft. in 2BHK and 1642 sq-ft. in 3BHK. It's current price is Rs.10800/sq-ft. This project is under construction and it is expected that the possession date will be December'2018.
Q: Where is the project Freeway 37 strategically located in Wadala? How is the project locality and the connectivity?

My replies to this discussion
Hi, Are you looking for flat in Freeway 37, Wadala East, Mumbai? What is your requirement and budget? To get more details of this project, click this link Freeway 37, Wadala East, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you looking for flat in Freeway 37, Wadala East, Mumbai? What is your requirement and budget? To get more details of this project, click this link Freeway 37, Wadala East, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: Dosti Desire provides modern Class amenities in Brahmand Thane; with Luxurious Apartment in thane with all high Class amenities these project has enough Spacious to give you enough amenities space and Comfortable. Project: - Dosti Desire Builder:-Dosti reality Type: - 2BHK 3 BHK Location: - Brahmand Thane

My replies to this discussion
Yes, Navi Mumbai is becoming a Pan-India phenomenon. And the main reason is the biggest infrastructure boom in the entire country.This infra boom expected to create approx 8 lakh jobs opportunity. This includes the new airport, the expansion of the Jawaharlal Nehru Port Trust, metro project, affordable housing, highway expansions and the crucial Navi Mumbai Airport Influenced Notified Area (NAINA).Yes, Navi Mumbai is becoming a Pan-India phenomenon. And the main reason is the biggest infrastructure boom in the entire country.This infra boom expected to create approx 8 lakh jobs opportunity. This includes the new airport, the expansion of the Jawaharlal Nehru Port Trust, metro project, affordable housing, highway expansions and the crucial Navi Mumbai Airport Influenced Notified Area (NAINA).
My replies to this discussion
Hi Sonal, It fully depends on you and your choice of locality. Of you are a working couple then your location should be near to your work place. And if you are planning for investment then choose a locality which has selected for smart city project.Hi Sonal, It fully depends on you and your choice of locality. Of you are a working couple then your location should be near to your work place. And if you are planning for investment then choose a locality which has selected for smart city project.
My replies to this discussion
Hi Sonal, It fully depends on you and your choice of locality. If you are a working couple then your location should be near to your work place. And if you are planning for investment then choose a locality which has selected for smart city project or near Navi Mumnbai. Navi Mumbai is a well developing locality and it is developing under CIDCO.Hi Sonal, It fully depends on you and your choice of locality. If you are a working couple then your location should be near to your work place. And if you are planning for investment then choose a locality which has selected for smart city project or near Navi Mumnbai. Navi Mumbai is a well developing locality and it is developing under CIDCO.
My replies to this discussion
Hi, Are you looking for flat in Sama Pride, Ulwe, Navi Mumbai? What is your budget and BHK configuration? To get more details of this project, click this link Sama Pride, Ulwe, Mumbai Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you looking for flat in Sama Pride, Ulwe, Navi Mumbai? What is your budget and BHK configuration? To get more details of this project, click this link Sama Pride, Ulwe, 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.
My replies to this discussion
Hello Shah, All apartments in Piramal Revanta will have maximum natural light, ventilation and air circulation. Each apartment is equipped with tight security, and state-of-the-art facilities including cycling and jogging tracks, cricket and football grounds, badminton courts, gymnasium, swimming pools, and dedicated yoga and meditation spaces.Hello Shah, All apartments in Piramal Revanta will have maximum natural light, ventilation and air circulation. Each apartment is equipped with tight security, and state-of-the-art facilities including cycling and jogging tracks, cricket and football grounds, badminton courts, gymnasium, swimming pools, and dedicated yoga and meditation spaces.
Good evening Shaunak, Piramal Revanta is a RERA approved project and its RERA registration number is P51800005983. As per BMC website they have both IOD as well as CC. Though the plan submitted to BMC shows 2 buildings while at the site the sales people said that 3-4 buildings can come up.Good evening Shaunak, Piramal Revanta is a RERA approved project and its RERA registration number is P51800005983. As per BMC website they have both IOD as well as CC. Though the plan submitted to BMC shows 2 buildings while at the site the sales people said that 3-4 buildings can come up.
Q: I want a bungalow for weekends in Alibaug

My replies to this discussion
Hello Rahil!! Are you looking for any specific project? What is your bhk configuration and budget? Are you looking for a under construction property or ready-to-move in property?Hello Rahil!! Are you looking for any specific project? What is your bhk configuration and budget? Are you looking for a under construction property or ready-to-move in property?
Q: would like to know price range for 2 bhk in ace aviana falcon tower

My replies to this discussion
Hello Meghna, Yes, ACE Aviana is a RERA approved the project and its registration number is P51700008009. As far as the local body is concerned, Thane Municipal Corp has approved it and almost all the leading banks and financial institutions have approved it for the home loan. I think the builder is offering possession for it. Talk to builder directly for your flat possession.Hello Meghna, Yes, ACE Aviana is a RERA approved the project and its registration number is P51700008009. As far as the local body is concerned, Thane Municipal Corp has approved it and almost all the leading banks and financial institutions have approved it for the home loan. I think the builder is offering possession for it. Talk to builder directly for your flat possession.
Q: Need advice from experienced locals

My comments to replies
Hello Sir, Mira Road is part of extended western suburbs in Mumbai. It enjoys good connectivity to Thane and Navi Mumbai as it close to a railway station on the western line of Mumbai suburban railway. Connectivity is also good in the locality as by road, the locality is connected to Mumbai by the Western Express Highway and to Thane by Ghodbunder Road. Many bus routes are connecting Mira road with Worli, Mahim, Thane, Borivali, Vashi, and Bhayandhar. All the daily basic facilities are available nearby.
Yes, with its growing infrastructure and affordable pricing options, Mira Road, on the western line, is becoming a preferred residential destination for potential home-buyers. This locality is a favorite hotspot for software and media professionals seeking their dream home in Mira Road. Also, due to its constantly improving road and rail connectivity to the MMR, Mira Road has witnessed significant residential development in the recent past.
5th March 2018

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