Q:
Will subsidy be given on the cost of land where affordable housing units will be constructed?
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
Q:
service tax on under construction property.. new service tax rate of 3.71% is applicable from 1/4/2013 or 1/3/2013? please advice.
Q:
Which is a better place to invest Ulwe or Panvel in Navi Mumbai?
My replies to this discussion
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.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.
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.
Q:
What is the status of the project? I heard that farmers will get 22.5% land back. Is that true?
Q:
Hi,
We have booked flat at Hexworld,Kharghar.
May I know the reason why this project is pending?
And when it should suppose to complete?
Q:
What are the hidden charges I should take care of before taking home loan from a bank?
My replies to this discussion
Hi Guys,
As soon as one starts looking out for property to buy a house, banks start offering home loans. For a loan amount up to Rs 30 lakh and the tenure being 15-20 years, the following is on offering. Floating interest rate 10.15%. This rate is being offered by SBI, ICICI Bank, HDFC Bank, HSBC Bank, Axis Bank, PNB Housing Fnance, DHFL, India Bulls, Citi Bank, Tata Capital Housing Finance Ltd. EMI per lakh works out to be Rs 975.Hi Guys,
As soon as one starts looking out for property to buy a house, banks start offering home loans. For a loan amount up to Rs 30 lakh and the tenure being 15-20 years, the following is on offering. Floating interest rate 10.15%. This rate is being offered by SBI, ICICI Bank, HDFC Bank, HSBC Bank, Axis Bank, PNB Housing Fnance, DHFL, India Bulls, Citi Bank, Tata Capital Housing Finance Ltd. EMI per lakh works out to be Rs 975.
Q:
Will somebody let me know what is the status of Nirmal Omega??
Q:
How much electricity charge do I need to pay every month in Indore?
My replies to this discussion
As per tariff order dated 5th April 2016 in MP
slab low-slab high-Rate( InRs.)
1 - 50 - 3.65
51 - 100 - 4.35
101 - 300 - 5.6
301 - above - 6.1As per tariff order dated 5th April 2016 in MP
slab low-slab high-Rate( InRs.)
1 - 50 - 3.65
51 - 100 - 4.35
101 - 300 - 5.6
301 - above - 6.1
My replies to this discussion
Hi Everybody,,
Project updates of Mumbai based real estate developer Nirmal Lifestyle comes with its new residential project Nirmal Olympia. The project has been designed with an objective to offer affordable homes to residential property buyers having limited budget. The project has been carefully placed in Mulund West,Thane. It offers 1/2/3BHK residential flats from 828-1359 sq-ft. It's 2BHK is available in 828-990 sq-ft. 3BHK from 1107-1224 sq-ft.Hi Everybody,,
Project updates of Mumbai based real estate developer Nirmal Lifestyle comes with its new residential project Nirmal Olympia. The project has been designed with an objective to offer affordable homes to residential property buyers having limited budget. The project has been carefully placed in Mulund West,Thane. It offers 1/2/3BHK residential flats from 828-1359 sq-ft. It's 2BHK is available in 828-990 sq-ft. 3BHK from 1107-1224 sq-ft.
Q:
Hi
I had purchased a flat in taloja in sep, 2013. Builder has already got occupation certificate from CIDCO in oct,2012. Now he is demanding vat tax 1% from me. Without that he will not give possession to me.. I have already paid other dues. Pls suggest do I need to pay vat tax 1% to builder.
My replies to this discussion
So, what is really an under construction property? Is land cost exempted from both these charges? Any exemption from payment of service tax on constructionSo, what is really an under construction property? Is land cost exempted from both these charges? Any exemption from payment of service tax on construction
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.
Q:
Please suggest if it is advisable to invest in Kalyan shil road on Marathon Nextown?
Q:
Hi, India's first Eco City cell launched by the civic body, along with The Energy and Resources Institute (TERI). NMMC has partnered with TERI for attaining the status of first Eco City in the country.
My replies to this discussion
Earlier Surat, the diamond city has taken a step forward to become India's first eco city, on the lines of Singapore. After selecting Surat as one of the 3 cities in the world for a demonstration project for "eco city" development, UK-based charity The Ecological Sequestration Trust has decided to spend nearly Rs 50 crore over a period of 5 yrs to build a sustainable development model that will be more environment-friendly. But i have no further report on it.Earlier Surat, the diamond city has taken a step forward to become India's first eco city, on the lines of Singapore. After selecting Surat as one of the 3 cities in the world for a demonstration project for "eco city" development, UK-based charity The Ecological Sequestration Trust has decided to spend nearly Rs 50 crore over a period of 5 yrs to build a sustainable development model that will be more environment-friendly. But i have no further report on it.
Q:
Hi, lot's of infrastructure projects in Mumbai stuck in red tape and delayed due to lack of environment clearances.
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.
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
Hi Shreya & all,
The fresh round of rate hikes will have a dual impact of increasing outgo on fungible FSI for developers, which they will pass on to buyers, and will also lead to a hike in stamp duty charges for buyers. Buyers who currently pay a stamp duty of around 5% on the agreement value will need to shell out an additional 0.5-1% of agreement value. Hi Shreya & all,
The fresh round of rate hikes will have a dual impact of increasing outgo on fungible FSI for developers, which they will pass on to buyers, and will also lead to a hike in stamp duty charges for buyers. Buyers who currently pay a stamp duty of around 5% on the agreement value will need to shell out an additional 0.5-1% of agreement value.
Q:
Why Kalyan-Dombivli will drive Mumbai's realty market?
Q:
Hi, do you know that the Brihanmumbai Municipal Corporation (BMC) spends more than the estimated cost on projects mainly due to delays.
Q:
My builder has applied for an occupation certificate. He had received an CC on 2009 but did not receive an OC. It was said that the building came under CRZ. How do verify the genuinity of the claim.
My replies to this discussion
Hi Sachin,
You can verify it visiting the local Municipal Corporation or Ministry of Environment & Forest. They will tell you whether the locality comes under CRZ or not.
Residential buildings, office buildings, hospital complexes, workshops shall not come within the definition of operational requirements except in very special cases and hence shall not normally be permitted in the Coastal Regulation Zone.Hi Sachin,
You can verify it visiting the local Municipal Corporation or Ministry of Environment & Forest. They will tell you whether the locality comes under CRZ or not.
Residential buildings, office buildings, hospital complexes, workshops shall not come within the definition of operational requirements except in very special cases and hence shall not normally be permitted in the Coastal Regulation Zone.
Q:
What is the basic method of calculation of Per Capita Income?
Q:
Which are the things that can reduce the property cost?
My replies to this discussion
Some of the major issues that are currently following the Indian real estate sector, realty experts zeroed on five major things that will help reduce property costs to a large extent. These are :- 1) Reducing Multiple Taxes, 2) Involve Stakeholders while deciding Guidance Value, 3) Stable tax regime, 4) Proper Regulatory Policy Framework and 5) Lowering Land Acquisition Cost.Some of the major issues that are currently following the Indian real estate sector, realty experts zeroed on five major things that will help reduce property costs to a large extent. These are :- 1) Reducing Multiple Taxes, 2) Involve Stakeholders while deciding Guidance Value, 3) Stable tax regime, 4) Proper Regulatory Policy Framework and 5) Lowering Land Acquisition Cost.
Similarly, guidance value are increased randomly without any agreement from the industry stakeholders. And this increase directly results in higher property cost. Due to increase in guidance values, few properties in Taloja, Navi Mumbai were selling at a price of Rs 4350/sq-ft. Looking at the infrastructure of the place, these values are not at all justified.
Thus, government should form a panel involving all the stakeholders in order to arrive at a right guidance value.Similarly, guidance value are increased randomly without any agreement from the industry stakeholders. And this increase directly results in higher property cost. Due to increase in guidance values, few properties in Taloja, Navi Mumbai were selling at a price of Rs 4350/sq-ft. Looking at the infrastructure of the place, these values are not at all justified.
Thus, government should form a panel involving all the stakeholders in order to arrive at a right guidance value.
Q:
How Indian Real Estate Market will likely fair in 2015?
My replies to this discussion
Hey Guy's
The Union Budget 2015 may have disappointed most the builders and the developers around the country as the finance Minister did not announce any measure to benefit either demand or supply in the sector. But the increase in service tax can effect the market too. The only positive thing that come out of the budget 2015 for real estate was the tax clarification on REITs. But the market participants will always hopeful and have a positive outlook for the year.Hey Guy's
The Union Budget 2015 may have disappointed most the builders and the developers around the country as the finance Minister did not announce any measure to benefit either demand or supply in the sector. But the increase in service tax can effect the market too. The only positive thing that come out of the budget 2015 for real estate was the tax clarification on REITs. But the market participants will always hopeful and have a positive outlook for the year.
Q:
Do you think that the initiatives were taken by the govt. after the issue of Campa Cola Society?msrdc
My replies to this discussion
As govt. has formed a committee to suggest ways on the lines of the policy already firmed up to 'compound' such constructions in rural areas based on constructions over and above permissible limits may get relief to some extent, though subject to certain conditions.As govt. has formed a committee to suggest ways on the lines of the policy already firmed up to 'compound' such constructions in rural areas based on constructions over and above permissible limits may get relief to some extent, though subject to certain conditions.
Has the construction of a Ring Road around Pune City and creation of SMART Cities in specific areas has been proposed? What is the purpose of establish "Nucleic Acid Testing" centres in the Maharashtra?Has the construction of a Ring Road around Pune City and creation of SMART Cities in specific areas has been proposed? What is the purpose of establish "Nucleic Acid Testing" centres in the Maharashtra?
Q:
Some buildings in Navi-Mumbai are given CC with approval of plan, but denied OC due to CRZ-confusion.
Even those buildings which can be given CRZ clearance as per new 2011-CRZ-Notification are denied CRZ clearance by MCZMA saying post-facto clearance will not be given as of now. Yesterday's announcement by Maharashtra govt. about regularizing un-authorized buildings in Navi-Mumbai is a surprise, because unitil crz-confusion is cleared how can gaothan & 12.5% buildings be regularized.
Q:
I have booked a 2BHK in this project and want to connect with anyone who has booked. Do that we can update each other on the status, payments, paperwork, etc.
My replies to this discussion
Hi,
To get more information of thsi project click the link
Sapta Shree Galaxy, Thane
Or,
To get best deal on your selected property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You
Post your Requirements to get matching properties details on your Email and Mobile.
Hi,
To get more information of thsi project click the link Sapta Shree Galaxy, Thane
Or,
To get best deal on your selected property 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:
Hi, What are the pros and cons of new proposed FSI in the development plan?
Q:
Please could someone give a holistic view on Purvankara builders. I have seen many comments stating that there have been several delays at the time of possession. Although, they are reputed builders, they have delayed projects by 1 to 2 years. Any idea if this trend will continue or change for the better?
My replies to this discussion
Hi,
A delay in giving possession can be due to various reasons such as pending municipal approvals or some dispute. Or if property prices are rising, the developer may intentionally not give possession in the hope of making buyers pay more even if the agreement has been signed at older rates. This will not reflect in the sale agreement. I think it will only change if there will be strict guidelines set for the developer.Hi,
A delay in giving possession can be due to various reasons such as pending municipal approvals or some dispute. Or if property prices are rising, the developer may intentionally not give possession in the hope of making buyers pay more even if the agreement has been signed at older rates. This will not reflect in the sale agreement. I think it will only change if there will be strict guidelines set for the developer.
Yes, Dharmaja,
Puravankara Developer has successfully completed more than 15 projects and their area of operation is Bengalure, Chennai, Coimbatore, Kochi and Pune.
Some of their ongoing residential projects are Purva Sunflower, Sky Conds Series, Purva-270, The Waves, Purva Silver Stands, Purva Evoq, Purva Scarlet Terraces, Purva Bird of Paradise, The sound of water and so on.
May be one or two projects may be delay due to approvals but i don't think that the builder has any bad reputation in realty market of Bangalore.Yes, Dharmaja,
Puravankara Developer has successfully completed more than 15 projects and their area of operation is Bengalure, Chennai, Coimbatore, Kochi and Pune.
Some of their ongoing residential projects are Purva Sunflower, Sky Conds Series, Purva-270, The Waves, Purva Silver Stands, Purva Evoq, Purva Scarlet Terraces, Purva Bird of Paradise, The sound of water and so on.
May be one or two projects may be delay due to approvals but i don't think that the builder has any bad reputation in realty market of Bangalore.
Q:
Hi, what makes Andheri West a preferred rental destination in Mumbai?
My replies to this discussion
@Hamishka,
Andheri West hasn't seen many launches unlike few other suburbs in the last three years. There were just about 8 major project launches in the last 3 yrs. Some of the famous builders and their projects in the Andheri West are Sagar Builder's Sagar City and Sagar City Caribbean, Adani Group's Adani Western Heights, Runwal Group's Runwal Elegante, Ajmera Realty and Infra India's Shastri Nagar, Beverly Hills and Royal Empire, Hubtown Ltd's Hubtown Grove, Dev Land & Housing Ltd's DLH Darpan, Dev Prestige, DLH Imur and Housing Development And Infrastructure Ltd (HDIL) - HDIL Metropolis.@Hamishka,
Andheri West hasn't seen many launches unlike few other suburbs in the last three years. There were just about 8 major project launches in the last 3 yrs. Some of the famous builders and their projects in the Andheri West are Sagar Builder's Sagar City and Sagar City Caribbean, Adani Group's Adani Western Heights, Runwal Group's Runwal Elegante, Ajmera Realty and Infra India's Shastri Nagar, Beverly Hills and Royal Empire, Hubtown Ltd's Hubtown Grove, Dev Land & Housing Ltd's DLH Darpan, Dev Prestige, DLH Imur and Housing Development And Infrastructure Ltd (HDIL) - HDIL Metropolis.
Q:
Hi, how are investment prospects in Panvel?
My replies to this discussion
Hi,
I am planning to buy property in Panvel. How is the connectivity of Panvel with other parts of Mumbai and other cities in India? As i have to travel a lot because of my business purposes? Is the offered transport facility good enough for the locality?Hi,
I am planning to buy property in Panvel. How is the connectivity of Panvel with other parts of Mumbai and other cities in India? As i have to travel a lot because of my business purposes? Is the offered transport facility good enough for the locality?
Q:
Hi,
What all sizes in 2BHK are available in Suvidha Pearl?
My replies to this discussion
Hi,
Suvidha Pearl by Suvidha Group located at P M Road, Vile Parle East, Mumbai offers 2BHK residential flats in 750 sq-ft.Hi,
Suvidha Pearl by Suvidha Group located at P M Road, Vile Parle East, Mumbai offers 2BHK residential flats in 750 sq-ft.
Q:
I would like to sell my property located near mumbai without involving broker/agent, Can someone suggest a lawyer who can assist in resale agreement preparation and stamp duty registration process.
As such most of the buyers or sellers do not want brokers to be involved due to heavy charges of 2% of transaction value which is heavy on pockets
My replies to this discussion
Hi Deepak,
In today's tough housing market, some sellers are looking to cut costs by selling their property without using a real estate agent. Here are 5 questions that a homeowners should ask themselves before selling a home on their own. 1) Do I know the value of my home in today's market? 2) Am I ready to work with a buyer's agent? 3) Will I take charge of sales and marketing responsibilities? 4) Can I bear criticism of my home? 5) Am I willing to screen potential buyers?Hi Deepak,
In today's tough housing market, some sellers are looking to cut costs by selling their property without using a real estate agent. Here are 5 questions that a homeowners should ask themselves before selling a home on their own. 1) Do I know the value of my home in today's market? 2) Am I ready to work with a buyer's agent? 3) Will I take charge of sales and marketing responsibilities? 4) Can I bear criticism of my home? 5) Am I willing to screen potential buyers?
Q:
Hi, which are the top five rentals market of MMR?
My replies to this discussion
Hello Everybody,
How is the rental markets of Andheri East? Can you give me some idea about the locality according to the availability of apartments?Hello Everybody,
How is the rental markets of Andheri East? Can you give me some idea about the locality according to the availability of apartments?
Q:
Hi, which factors drive the realty market of Navi Mumbai? Can you list the name of some localities that are becoming realty hotspots in Navi Mumbai?
My replies to this discussion
@ Piyush,
The average built area of a 1BHK apartment is about 530-715 sq-ft. while that of a 2BHK apartment is about 700-1150 sq-ft. The average property value of a 1BHK apartment is about Rs 24-40 lakh and that of a 2BHK apartment is about Rs 30-70 lakh. A 3BHK apartment may cost about Rs 70 lakh-1 crore.
@ Piyush,
The average built area of a 1BHK apartment is about 530-715 sq-ft. while that of a 2BHK apartment is about 700-1150 sq-ft. The average property value of a 1BHK apartment is about Rs 24-40 lakh and that of a 2BHK apartment is about Rs 30-70 lakh. A 3BHK apartment may cost about Rs 70 lakh-1 crore.
Q:
Why is Credai moving toward bulk buying? Apart from cost cutting, is there any other reason?
Q:
Hi, can anyone provide me the price/sq-ft of Salangpur Salasar Ashirwad, Mira Road?
My replies to this discussion
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?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?
Q:
Which are the top 5 rental markets based on availability?
My replies to this discussion
Hi Ravindra,
Top 5 rental markets based on availability are Goregaon East, Powai, Kharghar, Kandivali East and Malad West. Among the top five rental markets based on availability, four of them are located in Mumbai and its suburbs. Only Kharghar is located in Navi Mumbai.Hi Ravindra,
Top 5 rental markets based on availability are Goregaon East, Powai, Kharghar, Kandivali East and Malad West. Among the top five rental markets based on availability, four of them are located in Mumbai and its suburbs. Only Kharghar is located in Navi Mumbai.
Q:
When is the project possession date?
My replies to this discussion
Gud morning Manish,
Is there any 2BHK available for sale in Maa Enrich, Malad East? I am shifting from Pune to Mumbai and desperately need a flat? Can you help me providing information of this project? As the project is very near to my work place.Gud morning Manish,
Is there any 2BHK available for sale in Maa Enrich, Malad East? I am shifting from Pune to Mumbai and desperately need a flat? Can you help me providing information of this project? As the project is very near to my work place.
Q:
What is TDR and how much land is available for TDR in Mumbai?
My replies to this discussion
Hi everybody,
Earlier in 2003 and 2005, The MMRDA had generated the TDR by rehabilitating slum dwellers at its own cost on government land at two plots in Goregaon and one in Jogeshwari for infrastructure development under the Mumbai Urban Transport Project and the Mumbai Urban Infrastructure Project.Hi everybody,
Earlier in 2003 and 2005, The MMRDA had generated the TDR by rehabilitating slum dwellers at its own cost on government land at two plots in Goregaon and one in Jogeshwari for infrastructure development under the Mumbai Urban Transport Project and the Mumbai Urban Infrastructure Project.
Q:
Hey guy's ! i need current updates of this project.
My replies to this discussion
Hi all,
Did they get the Occupancy Certificate? What are the location advantages of this project? If i am buying property through loan then which all banks will offer loan for this project?Hi all,
Did they get the Occupancy Certificate? What are the location advantages of this project? If i am buying property through loan then which all banks will offer loan for this project?
Q:
Could RBI's rate cut revive the home sales?
My replies to this discussion
Hi guys,
This is the 3rd time in this fiscal when RBI has reduced the repo rate 3 times in past 5 months. How it effects on home loan?Hi guys,
This is the 3rd time in this fiscal when RBI has reduced the repo rate 3 times in past 5 months. How it effects on home loan?
Q:
Is there any 1RK available for sale in Solitaire Space? What is it's price? Any lead on it is highly appreciable.
My replies to this discussion
Hi Abhi,
What will be the cost of 1BHK? I heard that this project is offering scheme for the new buyers? What is the scheme is all about? What will be the booking amount?Hi Abhi,
What will be the cost of 1BHK? I heard that this project is offering scheme for the new buyers? What is the scheme is all about? What will be the booking amount?
Q:
Have they got the IOD and CC for this project?
Q:
Yes, it is true that we are cheated at every step whether it is real estate, mobile recharge voucher, fuel and loose or packaged food.
Q:
How is Crescent Bay L&T Parel as an investment? WHAT WOULD BE A Correct rate per sq foot for this Property and Ruparel Ariana?
Which would appreciated better in 3 to 4 years from now?
Q:
Good news for those whose bought property in Mumbai and stuck due to change in building regulation, construction begins in many projects that had been stuck for years.
My replies to this discussion
Right Dhiraj,
For the time being the property market in Mumbai lost much of its shine and Rohan Lifespaces missed an opportunity to partner with Trump Organization USA Llc to build a Trump Tower on the site, an agreement between the two companies had signed in 2011. Now, Trump eventually partnered with Lodha Group to build the Trump Tower in Mumbai.Right Dhiraj,
For the time being the property market in Mumbai lost much of its shine and Rohan Lifespaces missed an opportunity to partner with Trump Organization USA Llc to build a Trump Tower on the site, an agreement between the two companies had signed in 2011. Now, Trump eventually partnered with Lodha Group to build the Trump Tower in Mumbai.
Q:
Is Urban development in India graceful to enter a new phase of growth?
My replies to this discussion
Is there any guidelines for the Smart Cities mission?Is there any guidelines for the Smart Cities mission?
Q:
As per the market study buyers can expect chill out in the real estate prices.
My replies to this discussion
Hi all,
Apart from that there are several reason for slowdown of real estate market around the city. These are 1) Key state governments like West Bengal, Delhi and Maharashtra have hiked ready reckoner rates sharply this year and thus prevented prices from dropping to a market clearing level.
2) The 8% point gap between gross rental yield and bank base rate highlights the unattractiveness of real estate for investors.
3) Black Money Bill went live on July 1 and has made high-net-worth families unwilling to invest in real estate.
4) several years' worth of unsold real estate inventory in most of India's tier-1 and tier-2 cities is causing investors to hold back further purchases.Hi all,
Apart from that there are several reason for slowdown of real estate market around the city. These are 1) Key state governments like West Bengal, Delhi and Maharashtra have hiked ready reckoner rates sharply this year and thus prevented prices from dropping to a market clearing level.
2) The 8% point gap between gross rental yield and bank base rate highlights the unattractiveness of real estate for investors.
3) Black Money Bill went live on July 1 and has made high-net-worth families unwilling to invest in real estate.
4) several years' worth of unsold real estate inventory in most of India's tier-1 and tier-2 cities is causing investors to hold back further purchases.
Q:
Dear Sir,
i'm planning to buy a 2nd hand used flat. The owner and his wife has passed away. Now the son owns the flat. Title has not transferred to him. The original owner has just 2 sibiling. Son who is staying now in the flat, has a married sister outside. Also he has two sons.
What documents are mandatory for me to buy this flat. It is about 27 years old and going for redevelopment within the next 1 year. I plan to pay full cheque payment.
thanks
F A Menez
Q:
I stay in Mhada colony in Mumbai. There are 50 buildings in this colony which was built in early 50s. All 50 societies decided to go for clustuer development under DCR 33(5) and formed a federation. The redevelopment procedures are followed as per 79(A) guidelines. Now we are at the stage, where 5 builder/developer are finalized and each member has to select the developer in the AGM. All 5 builders are offering different carpet area and different the corpus. Few developers are offering the carpet area as per the entitlement rules under 33(5) and claims that developer can not offer additional area from the sale component. If this is done then it violates the law. Can developer offer more than the entitled area to us, if there is no impact to the Mhada entitled area and developer is willing to take hit on his on sale component?
My replies to this discussion
Hi Raja,
Yes, a developer is entitled to offer you more are in following circumstances:- A basic entitlement of 35% above the existing Carpet Area or 300 sq-ft. whichever is higher guaranteed as per Redevelopment of MHADA Colonies in Mumbai under 33(5).
Incentive higher carpet area for cluster redevelopment.
Incentive higher carpet area for redevelopment by MHADA.
Incentive to developer for redevelopment based on the ratio LR/RC
Sharing of balance FSI between MHADA and Society.
If they are not ready to give you the additional area from the sale component and violating the law, you are free to take the service of other developers. Raise the issue in the AGM and avoid developers.Hi Raja,
Yes, a developer is entitled to offer you more are in following circumstances:- A basic entitlement of 35% above the existing Carpet Area or 300 sq-ft. whichever is higher guaranteed as per Redevelopment of MHADA Colonies in Mumbai under 33(5).
Incentive higher carpet area for cluster redevelopment.
Incentive higher carpet area for redevelopment by MHADA.
Incentive to developer for redevelopment based on the ratio LR/RC
Sharing of balance FSI between MHADA and Society.
If they are not ready to give you the additional area from the sale component and violating the law, you are free to take the service of other developers. Raise the issue in the AGM and avoid developers.
Q:
Residents of flats on private forest land continue to face an uncertain future.
My replies to this discussion
Yes, the circular was issued after the Konkan divisional commissioner asked a status report on the issue. This circular directs tehsildars to inverse the deletion of the term "private forest" from the record of rights unless they were petitioners in the special leave petition before the Supreme Court.
Yes, the circular was issued after the Konkan divisional commissioner asked a status report on the issue. This circular directs tehsildars to inverse the deletion of the term "private forest" from the record of rights unless they were petitioners in the special leave petition before the Supreme Court.
It seems to be a very serious matter and concerned officials must immediately reverse the changes.
The circular further mentions that the chief conservator of forests ministry had issued a circular pointing out that the record of rights was being changed even in cases where it did not apply.It seems to be a very serious matter and concerned officials must immediately reverse the changes.
The circular further mentions that the chief conservator of forests ministry had issued a circular pointing out that the record of rights was being changed even in cases where it did not apply.
Q:
Is it a mandatory document for property buying? Where can we get it from?
My replies to this discussion
Hi everybody,
How to obtain an EC? How much time will it takes to obtain?Hi everybody,
How to obtain an EC? How much time will it takes to obtain?
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 replies to this discussion
Urban local bodies were requested to prepare smart city vision statements based on detailed analysis of strengths, weaknesses, opportunities and threats.
Only those cities whose Smart City Plans come up to the expectations will be picked up and there will be no state-wise caps for selection of cities in the 2nd round of competition.Urban local bodies were requested to prepare smart city vision statements based on detailed analysis of strengths, weaknesses, opportunities and threats.
Only those cities whose Smart City Plans come up to the expectations will be picked up and there will be no state-wise caps for selection of cities in the 2nd round of competition.
Q:
I need information on kalptaru Crest By Kalptaru Ltd. Are IOD and CC in place?
My replies to this discussion
Hi Ashish,
Do you know what are the carpet area of those flats? Are there any floor rise charges they are quoting?Hi Ashish,
Do you know what are the carpet area of those flats? Are there any floor rise charges they are quoting?
Q:
The Maharashtra government on October 7 assured the builders in the state of speedy approvals and faster clearances.
Q:
Tata Housing is in advanced-level talks with a few foreign institutional investors to raise Rs 3200 crore for its upcoming premium and luxury residential projects across top 5 cities.
My replies to this discussion
@Kunal,
And big institutional investors like GIC-Singapore, Canada Pension Plan Investment Board, Dutch pension fund asset manager APG Asset Management and sovereign wealth funds Qatar Investment Authority, among others, have made solid project specific investments over the past 1yr.
@Kunal,
And big institutional investors like GIC-Singapore, Canada Pension Plan Investment Board, Dutch pension fund asset manager APG Asset Management and sovereign wealth funds Qatar Investment Authority, among others, have made solid project specific investments over the past 1yr.
Q:
Anyone has any knowledge on when are the builders giving the possession date of this property?
My replies to this discussion
Hi Fayaz,
It is expected that the possession date will be March'2018.Hi Fayaz,
It is expected that the possession date will be March'2018.
Q:
Godrej Park Bhandup is best residential project of Godrej Limited at Bhandup Mumbai. You can visit the project site or also can have brief idea through the website where almost all information is available.
My replies to this discussion
Hi,
I have checked the project on website but no information found. Is the project is about to launch? Can you tell me what will be the configuration in Godrej Park, Bhandup West, Mumbai and its price per square foot rate. My budget is 65 lakhs. Kindly provide me some useful information of this project so that i can move forward. Thanks.....Hi,
I have checked the project on website but no information found. Is the project is about to launch? Can you tell me what will be the configuration in Godrej Park, Bhandup West, Mumbai and its price per square foot rate. My budget is 65 lakhs. Kindly provide me some useful information of this project so that i can move forward. Thanks.....
Q:
For co-op societies in Mumbai, how much a society can chage as "Non Occupancy charges" in case of a Flat has been rented out?
My replies to this discussion
A person purchases a flat in a C-opeartive Htousing Society for his own residential usage. He (as Member) is bound by law to pay the Society Maintenance Charges, for his flat when he is personally residing or even if the flat is kept locked. This means that even if the member is keeping his flat locked at all times, when he stays in Dubai, the member has still to pay the "FULL" Society Maintenance Charges, without any concessions.A person purchases a flat in a C-opeartive Htousing Society for his own residential usage. He (as Member) is bound by law to pay the Society Maintenance Charges, for his flat when he is personally residing or even if the flat is kept locked. This means that even if the member is keeping his flat locked at all times, when he stays in Dubai, the member has still to pay the "FULL" Society Maintenance Charges, without any concessions.
Q:
I need information like price, BHK configuration and location of this project.
My replies to this discussion
Hi all,
I am planning to invest in Yamuna Expressway. And come to know about this project. I heard that they have down payment options which will determine the per square foot rate. What are those options?Thanks...Hi all,
I am planning to invest in Yamuna Expressway. And come to know about this project. I heard that they have down payment options which will determine the per square foot rate. What are those options?Thanks...
Q:
I run an online business (alone), now I plan to scale my business and move from working from home to renting a space to include more members in my business.
Since commercial space prices are very high I'm planning to rent a residential space and work with 2-3 employees.
The space will have a one big table. 3-4 chairs, 3-4 laptops and that's it. All the work will be online.
I've researched online and read that certain professions are allowed to use residential place, however nothing is available for my kind of online work.
Can you guide me on to get started with it. Basically the work will be all online and no inclusion of clients or dealers.
My replies to this discussion
According to me, the landlord may be allowed to restrict you from registering a business or running ads with that address. You can use a registered agent, which is basically a friend who let's you use their address to register the business. All official mail goes to that address. Just make sure they are the type of person who will forward your mail to you. I am telling you because most zoning laws wouldn't allow to run ur business from rented flat.According to me, the landlord may be allowed to restrict you from registering a business or running ads with that address. You can use a registered agent, which is basically a friend who let's you use their address to register the business. All official mail goes to that address. Just make sure they are the type of person who will forward your mail to you. I am telling you because most zoning laws wouldn't allow to run ur business from rented flat.
Q:
Hiranandani Fortune City is new launch housing project in Panvel Navi Mumbai, which is developed by Hiranandani Real estate.
Q:
1 Rk in 41 -45 lakhs.. Is it a good deal for capital appreciation?
My replies to this discussion
Yes, the property price in Dindoshi has fallen in last 6 months while for Goregaon East Area has actually gone up in 2016.
Last year, Mumbai’s Goregaon East has seen a biggest drop of 20% in flat launch prices. A report by property consultant Cushman & Wakefield showed a drop in launch prices of up to 20% in new mid segment residential flats.Yes, the property price in Dindoshi has fallen in last 6 months while for Goregaon East Area has actually gone up in 2016.
Last year, Mumbai’s Goregaon East has seen a biggest drop of 20% in flat launch prices. A report by property consultant Cushman & Wakefield showed a drop in launch prices of up to 20% in new mid segment residential flats.
Q:
I am looking for 2 bhk apartment in Thane? I heard about Elite Project? Is it good property to invest in thane?
Q:
I have booked 2BHk flat in HDIL -MAJESTIC TOWER in May 2010. Paid over 40 Lakh so far.The work appears to be stalled over 3& half years. I wonder in my present life ( I am over 70 yrs.) will it be possible for me to occupy My flat. or otherwise they should return my money wi th 21% interest ( 21% is HDIL terminology
My replies to this discussion
Hi,
Even i have seen that major property portal have mentioned possession date in mid 2017 but how can they deliver on the specified period as lot's of work is still pending.Hi,
Even i have seen that major property portal have mentioned possession date in mid 2017 but how can they deliver on the specified period as lot's of work is still pending.
Q:
The Best Thing about Lodha Palava City
Palava Upcomming project area 4000 acres “Lodha Palava City”
Lodha it is sister city of Mumbai
Its brad Ambassador Mr. Amitabh Bachchan, the first citizen of Palava,
Shopping Mall if comes Phoenix Shopping Mall
Palava is located the heart of Mumbai
Thane and Kalyan, 20 minutes distance from Navi Mumbai International Airport
Amenities
Basket Ball Court, Club House, Gymnasium, Modular kitchen, toilets, , lobby, Drawing room, balcony, terrace, Car Garage, Servant room with Baths. Good location. Close to Schools, Hospitals, Super Market, Metro Station
To know more information visit us: http://www.lodhapalavacityexotica.in/
My replies to this discussion
Hi Afsar!!
Lodha Palava City is one of the best township project spread over 100 acres of land. It comes with all the perks. Structured living, refreshingly clean neighborhood, 60% of open spaces, world class schools and educational facilities, lifestyle amenities, connectivity, 3-tier security, modern technological infrastructure, grandeur clubhouses, gymnasiums, supermarkets, Olympic standard soccer ground and a flamboyant 30 acres 9-hole Golf Course to upskill one’s living standard are some of its extraordinary amenities.Hi Afsar!!
Lodha Palava City is one of the best township project spread over 100 acres of land. It comes with all the perks. Structured living, refreshingly clean neighborhood, 60% of open spaces, world class schools and educational facilities, lifestyle amenities, connectivity, 3-tier security, modern technological infrastructure, grandeur clubhouses, gymnasiums, supermarkets, Olympic standard soccer ground and a flamboyant 30 acres 9-hole Golf Course to upskill one’s living standard are some of its extraordinary amenities.
Q:
Kanjurmarg Mumbai has also become the hot spot for the residential places. With the increasing demand for homes at this location Kanakia Kanjurmarg Mumbai, the builders have shifted their focus at this prime location. utilities like institutions , malls, restaurants, markets, school, colleges, Cricket Play Ground, Teniss Play area etc. Kanakia Kanjurmarg Pre Launch Project Buyers can expect that Kanakia Kanjurmarg Price will be appropriate. Also with the upcoming of Southern outlying road and Near Navi Mumabai Centre Park Mira Road saw the tremendous demand for the residential apartments.
To know more information visit us http://www.kanakiakanjurmarg.in/
Source: http://smartpropertyinindia.blogspot.in/2016/11/kanakia-kanjurmarg-call9987862780.html
Q:
This project has been awarded as "Best project of 2016" in Mumbai. What's the rate?
Q:
Please share some thoughts on investment in GB road. This seems to be a good project.
Q:
The site is located in Andheri East (JVLR).
Current rate is 14500 approx.
My replies to this discussion
Hi,
Acme, Ravi group, RNA etc are considered the worst builders in Mumbai area, even worse than Lodha, in terms of quality, delivery and customer relationship. If buying in pre-launch expect a wait of at least 9 to 15 years period from pre-launch to final possession. So, don't believe on their sweet talk. They are very sweet while you go for inquiry but once you booked, they won't like to talk to you and you have to wait for year to get your money back on cancelling.Hi,
Acme, Ravi group, RNA etc are considered the worst builders in Mumbai area, even worse than Lodha, in terms of quality, delivery and customer relationship. If buying in pre-launch expect a wait of at least 9 to 15 years period from pre-launch to final possession. So, don't believe on their sweet talk. They are very sweet while you go for inquiry but once you booked, they won't like to talk to you and you have to wait for year to get your money back on cancelling.
Q:
Acme is a reputed builder. Acme Boulevard is having one of the best and unique 50+ amenities . Great option to invest.
My replies to this discussion
Hi Pravin!!
Can i ask a simple question? Why didn't you post when company awarded twice? Why you think that this is the right time to post some positive feedback about the company? I am telling you why? When you saw that there are lot's of negative feedback are coming on multiple forum site then you realize that the company's reputation is going bad so you all guys are posting with different name and id.Hi Pravin!!
Can i ask a simple question? Why didn't you post when company awarded twice? Why you think that this is the right time to post some positive feedback about the company? I am telling you why? When you saw that there are lot's of negative feedback are coming on multiple forum site then you realize that the company's reputation is going bad so you all guys are posting with different name and id.
Q:
I am having a flat in lotus boulevard no idea. I have been waiting for the builder to handover posession of the flat since Feb 13. ThE builder is to pay penalty for delay in handing over posession as per the agreement. Though there is no clause effecting penalty due to delayed payment of an instalment however the builder is indicating dependency of penalty on timely payment of all instalments. Also he is invoking force mature clause for work held up due to issue with NGT. Requested advice on what should be done to get maximum penalty benefit.
Q:
I have cancelled my flat before 1.6 years ago but still i am waiting my refund.
My replies to this discussion
Hi,
It is doubtful whether builder will refund your booking amount so easily. How was payment made? By cash or cheque ? You have any receipts of booking amount? If yes, then mail the builder and ask for the refund failing which you will have to move consumer forum against the builder for recovery of the amount with penalty.Hi,
It is doubtful whether builder will refund your booking amount so easily. How was payment made? By cash or cheque ? You have any receipts of booking amount? If yes, then mail the builder and ask for the refund failing which you will have to move consumer forum against the builder for recovery of the amount with penalty.
Q:
Real Estate Investement in Affordable Housing
My replies to this discussion
Hi Kirti,
Are you looking for flat in Spenta Medius, Matunga West, Mumbai? What is your budget and BHK configuration?Hi Kirti,
Are you looking for flat in Spenta Medius, Matunga West, Mumbai? What is your budget and BHK configuration?
My replies to this discussion
As far as locality is concerned, Wagholi is a famous industrial area has now turned into a residential hub. It enjoys excellent connectivity to other parts of Central Pune and IT Hubs such as Hadapsar and Kharadi. It falls on a four-lane highway connecting Pune and Ahmednagar. A flyover to connect Wagholi and Shikrapur has been planned and other flyover connecting EON IT Park to Wagholi is under construction stage. Under an infrastructural proposal, an Outer Ring Road and Kondhwa are planned to pass through the area. All the daily basic amenities are within close reach. Transport facilities is also good in the locality. Due to the rapid development in the locality, real estate is in demand.As far as locality is concerned, Wagholi is a famous industrial area has now turned into a residential hub. It enjoys excellent connectivity to other parts of Central Pune and IT Hubs such as Hadapsar and Kharadi. It falls on a four-lane highway connecting Pune and Ahmednagar. A flyover to connect Wagholi and Shikrapur has been planned and other flyover connecting EON IT Park to Wagholi is under construction stage. Under an infrastructural proposal, an Outer Ring Road and Kondhwa are planned to pass through the area. All the daily basic amenities are within close reach. Transport facilities is also good in the locality. Due to the rapid development in the locality, real estate is in demand.
Q:
i am planning to invest in they sealink.i have paid them 1 lac but rest of they amt i will pay them later. just wanna know that is this legal or its fraud bcz above comments i am reading it & it simplifies that its not legit
Q:
yes there is a upcoming realestate luxury project in versova name Sd Corp versova developed by Sd Corp Group.
My replies to this discussion
Yes, i am agree with Rajat. If the property fits in your budget go ahead. They will only do what is legal and you will get good quality construction. They are are prestigious name in the real estate market. Price will be little bit high, seeing the locality and current infrastructural development.Yes, i am agree with Rajat. If the property fits in your budget go ahead. They will only do what is legal and you will get good quality construction. They are are prestigious name in the real estate market. Price will be little bit high, seeing the locality and current infrastructural development.
My replies to this discussion
And as far as project locality is concerned, Ulwe is one of the nodes in South situated to the south of the proposed International Airport. It is developed and maintained by CIDCO. South is expected to be driven by 5 planned infrastructure projects - Trans Harbour Link, Airport, Special Economic Zone - NMSEZ, and Belapur-Uran rail link. Once the proposed Nhava- Trans-Harbor link is completed, Ulwe will be the closest link to Mumbai. It offers seamless connectivity to Palm Beach Road 12.8 kms, Mumbai- Highway, CBD , Vashi and Mumbai- Highway. It is about 35 kms from Mumbai via the Sion- way.And as far as project locality is concerned, Ulwe is one of the nodes in South situated to the south of the proposed International Airport. It is developed and maintained by CIDCO. South is expected to be driven by 5 planned infrastructure projects - Trans Harbour Link, Airport, Special Economic Zone - NMSEZ, and Belapur-Uran rail link. Once the proposed Nhava- Trans-Harbor link is completed, Ulwe will be the closest link to Mumbai. It offers seamless connectivity to Palm Beach Road 12.8 kms, Mumbai- Highway, CBD , Vashi and Mumbai- Highway. It is about 35 kms from Mumbai via the Sion- way.
Q:
Shapoorji Pallonjai Sarovar is the New Residential New launch Project, and this project is situated at Very Prime Location In Ghodbunder Road, Thane.
My replies to this discussion
Shapoorji Pallonji Sarova is an upcoming project, located at Kandivali East. This project is spread over 52 acres of vast land and enjoys close proximity to all social facilities. It will offer 2 BHK, 3 BHK premium and 3 BHK Luxury. Sizes of the flats are available from 470-920 sq-ft.Shapoorji Pallonji Sarova is an upcoming project, located at Kandivali East. This project is spread over 52 acres of vast land and enjoys close proximity to all social facilities. It will offer 2 BHK, 3 BHK premium and 3 BHK Luxury. Sizes of the flats are available from 470-920 sq-ft.
Q:
I purchases a flat in 2013 and was given an allottment letter without any possession date. I wanted to register the property but within three months builder stopped work completely. even after 4 years the project is less than 15% complete. I want refund but builder says he will pay in installments over the next 4 years with 10 percent deduction. in worse scenario dont mind the deduction but i want the builder to give me back my refund in one go so that i can invest elsewhere which he is refusing. Can i approach rera on the basis of allottment letter. please share your inputs
My replies to this discussion
You can also make online complain to RERA in your respective state through RERA portal. In order to register RERA complaint in Maharashtra, you need to go to the MAHARERA website and on the home page, you will find a link for Complaint Registration. You need the following information in order to file a complaint under RERA - a) The registration number and address of the project, b) Complaint statement and 3) expected reliefYou can also make online complain to RERA in your respective state through RERA portal. In order to register RERA complaint in Maharashtra, you need to go to the MAHARERA website and on the home page, you will find a link for Complaint Registration. You need the following information in order to file a complaint under RERA - a) The registration number and address of the project, b) Complaint statement and 3) expected relief
