Dharmaja Patel, Mumbai
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Property tax in Nagpur.
Q: Is there any time limit for the tax payer to pay the tax? What if the tax payer is not paying the tax in time?

My replies to this discussion
Hi Hitesh and Meghna!!! I think the decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies. And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.Hi Hitesh and Meghna!!! I think the decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies. And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.
Completion date of Neptune Swaraj.
Q: We have booked 1 bhk flat in your Neptune Swaraj project in Sector 2, Bldg. No.10. Please inform when we can expect completion?

My comments to replies
Hi, The date of possession of Neptune Swarajya, Ambivali will be June 2015 as per the discussion made with the developers. Yes, the project is delay for almost 2 years but now the construction work is in full pace.
Hi Vinay, It looks to me that most the forum conversation are face. When i was searching the property details on net i found that 3 different real estate portal has 3 different possession date. I don't want to disclose their portal name but one of the has mentioned December, 2016, second one has mentioned December'2017 and 3rd one October'2015. Who to believe? Can you tell me the exact date of possession?
22nd May 2015

Why civic Governance Charges we have to pay?
Q: Lodha has demanded now Civic Governance Charges for street lights, roads, drainage system etc etc... Guys do we need to pay for these charges? we have already paid for Super builtup charges... Service Tax.. Guys wakeup!!!!!!!!!!!!!!

My comments to replies
I have booked a flat in casa rio and I have received fit out demand which has quite a lot of heads which are hard to justify. I am being asked for 90k of civic governance charges. I don't understand why do I need to pay for street ligh maintenance , and civic infrastructure. My email is raghuag@gmail.com
Hi, Did you check your agreement? Is there any clause for Civic Governance Charges? If not then you don't need to pay and consult a legal expert.
10th December 2015

Termination of leave and license agreement
Q: Hello, I have rented a 1 bedroom flat in Mumbai and signed 11 month leave and license agreement. There is no lock-in period and the agreement clearly states that, both parties can terminate the agreement by giving 1 month advanced notice. Does this mean I can terminate my agreement in 5 months by giving notice in 4th month. Appreciate your response. Thanks....Ritesh

My comments to replies
Hi All, This kind of agreement is specific to the city of Mumbai where owner prefer to use this agreement rather than a standard Tenancy or Lease Agreement in order to save on the Stamp Duty and registration charges. A Leave & License agreement is usually for a period of 36 months.
Right Joydeep, Under Section 55 of the Maharashtra Rent Control Act, 1999, it is compulsory that all Leave and Licence agreements should be in writing and registered. The penalty for failure to register is imprisonment up to 3 months, or a fine up to Rs. 5000 or both.
10th July 2015

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

My replies to this discussion
Hi everybody, Bharat Ecovistas by Bharat Infrastructure and Engineering Limited located at Mahape, Shilphata, Thane East, Thane offers 1/2 bhk residential flats. It's sizes are 695 sq-ft in 1BHK and 835-945 sq-ft in 2BHK. and the price would be Rs. 39.61 lacs onward for 1BHK and Rs. 47.59 lacs to rs. 53.86 lacs onward for 2BHK.Hi everybody, Bharat Ecovistas by Bharat Infrastructure and Engineering Limited located at Mahape, Shilphata, Thane East, Thane offers 1/2 bhk residential flats. It's sizes are 695 sq-ft in 1BHK and 835-945 sq-ft in 2BHK. and the price would be Rs. 39.61 lacs onward for 1BHK and Rs. 47.59 lacs to rs. 53.86 lacs onward for 2BHK.
My comments to replies
Hi, I visited this project last month and work for phase-1 has almost completed. They are saying it is on track to deliver by Dec 2015. I just wanted to know if there is any issue with the property title or with CC? Those who have bought the flat, did they face any issue while registering it?
Hi Rajat, I have bought a unit in phase-2 and they already have the CC and the work has started. Don't have information about phase-1 though, however if it is near completion I am guessing it should be sorted?
8th June 2015
Ecovista Phase-1 structure and slabs completed for 2 buildings rate offered was 5100/sq-ft this would be completed in next 4-5 months.
16th July 2015

Hi everybody, Bharat Ecovistas by Bharat Infrastructure and Engineering Limited located at Mahape, Shilphata, Thane East, Thane offers 1/2 bhk residential flats. It's sizes are 695 sq-ft in 1BHK and 835-945 sq-ft in 2BHK. and the price would be Rs. 39.61 lacs onward for 1BHK and Rs. 47.59 lacs to rs. 53.86 lacs onward for 2BHK.
Hi Miran, Bharat Ecovistas is under construction project and it is expected that the date of possession will be May'2017. The current asking rate of Bharat Ecovistas is Rs. 4720-5700/sq-ft. price may vary and it will depend on amenities, specification and direction.
19th May 2015

send me the per Sq.Ft rate
Q: what will be the per Sq.Ft rate

My comments to replies
Hi Shivshankar, The price per square feet of a property in Badlapur is Rs 400 approximately. But before buying a plot in this area do contact some local real estate agent to get the updated info about the rate per square feet.
Hi Shivshankar, The current residential property rates in Badlapur West is between Rs. 2700 to Rs. 5400/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues.
9th July 2015

Mahindra Lifespaces moving towards affordable housing
Q: Hi, a realty arm of Mahindra Group, Mahindra Lifespaces focused on affordable housing called called "Happinest".

My replies to this discussion
Good Morning Manis and Anirudh, Mahindra Lifespace Developers is ambitious to join hands with the central and the state governments and participate in the public private partnership (PPP) programme to make affordable housing a reality for large number of Indians. Their residential segments catering to mid-premium and super premium households.Good Morning Manis and Anirudh, Mahindra Lifespace Developers is ambitious to join hands with the central and the state governments and participate in the public private partnership (PPP) programme to make affordable housing a reality for large number of Indians. Their residential segments catering to mid-premium and super premium households.
My comments to replies
Good Morning Manis and Anirudh, Mahindra Lifespace Developers is ambitious to join hands with the central and the state governments and participate in the public private partnership (PPP) programme to make affordable housing a reality for large number of Indians. Their residential segments catering to mid-premium and super premium households.
I heard that in phase-1, they have launched around 600 units and have sold more than 300 units in a very sluggish market in Chennai. That clearly indicates that whatever be the market conditions, there is a segment of people who are wishing to own their own homes, if priced appropriately.
25th June 2015

I received two demands (slab 4 and 5) for HDIL Premier Exoticca building 3-wing A.Did any other received it?

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
You are right Roshini, But as per HDIL, they have been handing over possession to buyers who made full payment. The process of handing over flats commenced as scheduled and they have already handed over 289 flats to those who paid the entire agreement amount. They have served interest letters to customers who defaulted on scheduled payments. These demand letters for due payments are being raised as per the agreements with home buyers.
28th April 2015

Will smart cities project get a boost in Budget 2015-16?
Q: HI, I need your opinion on Budget 2015-16.Do you think that this budget will boost the smart city project?

My replies to this discussion
To get the reasonable result, govt. should support those cities or state first. "Jyada Khakar Bimar Hone se Achcha Hai ki Kum Khakar Healthy Rahe"......... Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy. Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.To get the reasonable result, govt. should support those cities or state first. "Jyada Khakar Bimar Hone se Achcha Hai ki Kum Khakar Healthy Rahe"......... Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy. Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
Mumbai Infrastructure and construction projects
Q: Hi, lot's of infrastructure projects in Mumbai stuck in red tape and delayed due to lack of environment clearances.

My replies to this discussion
What will be the estimated cost of these elevated road? Any idea Shaina????What will be the estimated cost of these elevated road? Any idea Shaina????
Is there any difference in stamp duty on purchase of newly constructed flat and a flat constructed 15 years ago in the s
Q: Is there any difference in stamp duty on purchase of newly constructed flat and a flat constructed 15 years ago in the same locality?

My comments to replies
Hi Everybody!!! Have you heard the latest updates on property tax in Maharashtra? Stamp duty hiked by 1% in Nagpur Metro Rail corridor by the urban development department.
The decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies.
5th July 2016

Right Hitesh........the Urban Development Department has finally cleared the proposal yesterday to increase stamp duty by 1% in Metro Rail corridor. The corridor is the area lying within 500 metres on both sides of the Metro track. The duty will now be 7.5% instead of 6.5%. The 1% registration charge (maximum Rs.30000) will remain unchanged. The stamp duty in the city except the area under Metro corridor will remain at 6.5%.
At the same time, the stampy duty revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.
5th July 2016

Whether it is good to sell property at kalyan and purchase at Mira Road

My comments to replies
Hi, Selling flats is not an easy task, especially in suburbs like Kalyan City. The whole process is complex and time consuming. For most of us, our home or flats is the largest financial assets and hence we need to be careful in dealing and negotiating with any buyers. whether you are first time seller or already gone through selling experience,you will take through all necessary process to sell your flats.
Right Anushka, Some of the important things to consider before selling your flat:- 1) Location - to move to a better area or to shift to a place nearer to office or family members, 2) space: As the family member increases, people shift from smaller flats to bigger flats. Some times opposite also happens, 3) financial problem - selling home to clear the debts, 4) costly repairs - your flat has became very old and need costly repairs that you can’t afford.
3rd March 2015

@Dharmaja, Once you are sure, that you have to sell your home or flat for whatever reason. There are certain things you should consider first: 1) If there is no need to sell your flat urgently, then you should wait till the time when there is high demand for buying homes. When the demand of buying is high, there is high possibility of you getting good price and also selling will be much easier. 2) You should be aware of the current real estate prices in the particular area and also aware of the real estate sentiments nationally. Also be aware of the interest rates and lenders attitude.
I appreciate that Anushka, Be particularly aware of what is happening locally. If too many people are selling homes or flats, this may put off potential buyers or will greatly reduce the property price.
3rd March 2015

Yogi Dham Phase II by Ajmera Realty and Infra India Ltd is ready to move project since December'2012. But few flats of 1/2/3 BHK are available in re-sale option. 1BHK in 432 sq-ft. price- Rs. 45 lacs., 2BHK from 735-835 sq-ft. price Rs. 42-45 lacs. and 3BHK in 1120 sq-ft. price Rs. 67 lacs.
The current residential property rate in the locality of Kalyan West is Rs. 5465-5600 sq-ft. whereas the average property rate in the locality is Rs. 5535/sq-ft. but prices depends on the locality and the amenities provided in the project.
3rd March 2015

As far as locality is concerned, Kalyan is a part of the Thane District of Maharashtra. Kalyan is known for providing a significant work force for the economy of Mumbai. Kalyan and its neighbouring township of Dombivli jointly form the Kalyan-Dombivli Municipal Corporation which is known as KDMC. It is considered a part of the Mumbai Metropolitan Area, along with Vitthalwadi, Bhiwandi, Thane, Ulhasnagar and the municipal councils of Ambernath and Badlapur. Auto-rickshaws are an important mode of transport. Kalyan Junction is on the rail line between Mumbai and Kasara. It serves as an important railway station at the node of Mumbai. The Kalyan-Dombivli Municipal Transport provides bus services in the city and surrounding villages.
@Niyati, The last couple of years has seen significant traffic increase thus causing road congestion. This is mostly due to large heavy vehicles going through the city as the bypass road is under construction and getting delayed.The city has good water sources in and around it, which includes the Ulhas river in its vicinity, lakes in the central areas, and high storage tanks.
5th March 2015

Green architects are experimenting with eco-friendly construction methods in Nashik
Q: Nashik architects are experimenting with eco-friendly construction methods through various aspects like landscaping, open ventilation and energy saving techniques.

My replies to this discussion
Hi Anuskha, They are also channelizing natural light and wind to get maximum daylight and reducing the use of air conditioners, fans and artificial lights during the day, installing solar panels and implementing water conservation methods are also being followed. Merging natural surroundings like water bodies and plants with seating and working areas gives a feeling of being close to nature.Hi Anuskha, They are also channelizing natural light and wind to get maximum daylight and reducing the use of air conditioners, fans and artificial lights during the day, installing solar panels and implementing water conservation methods are also being followed. Merging natural surroundings like water bodies and plants with seating and working areas gives a feeling of being close to nature.
Planning to purchase 1BHK flat in Mumbai. Please suggest which area to prefer......Shilphata or Ulwe or New Bhiwandi?
Q: Whic area to select for 1BHK.....Shilphata or Ulwe or New Bhiwandi (Upper Thane)

My replies to this discussion
Shilphata, a locality situated at the junction of Old Mumbai-Pune Road (NH-4) and Kalyan-Shilphata Road is being touted as the next Ghodbunder Road. Once developed, it might also serve as the gateway of Navi Mumbai for people coming in from Thane, Dombivli, Kalyan and Badlapur.Shilphata, a locality situated at the junction of Old Mumbai-Pune Road (NH-4) and Kalyan-Shilphata Road is being touted as the next Ghodbunder Road. Once developed, it might also serve as the gateway of Navi Mumbai for people coming in from Thane, Dombivli, Kalyan and Badlapur.
My comments to replies
Hi, Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors. Growth Factors like 1) proximity to Navi Mumbai International airport, 2) it is connected with the important Thane-Belapur Road through the Uran Road, which also connects it with the JNPT Road that goes towards the Jawaharlal Nehru Port.
Right Anushka, Ulwe have currently become the most effective and also the most developing junction in Navi Bombay. investment on properties here is that the smartest alternative among the investors. With increase in property module, that joins most of the nodes in Navi Bombay, traveling from Ulwe has jointly become straight forward and comfortable. It helps daily traveler to travel freely throughout the neighborhood with the assistance of Bus and Trains for commutation.
10th March 2015

Shilphata, a locality situated at the junction of Old Mumbai-Pune Road (NH-4) and Kalyan-Shilphata Road is being touted as the next Ghodbunder Road. Once developed, it might also serve as the gateway of Navi Mumbai for people coming in from Thane, Dombivli, Kalyan and Badlapur.
Hi Anuj, Shilphata’s strategic location has played a key role in its growing popularity among home buyers and developers. The locality acts as a junction connecting Navi Mumbai, Kalyan-Dombivli-Bhiwandi, Taloja-Panvel-Pune-Goa-JNPT and Thane. Besides connectivity, it was availability of land that brought developers to the area. At present, 70 per cent of people buying properties here are investors expecting a significant capital appreciation in the coming 5-10 years.
10th March 2015

Mumbai Metro Line planned along proposed Coastal Road
Q: Hi, the scale and scope of the ambitious coastal road project in Mumbai is likely to be expanded.

My replies to this discussion
Whereas experts claim that the construction of the coastal road is imperative to decongest traffic and would transform Mumbai into a world-class city. The state government hopes to obtain a formal nod from the Centre for the coastal road project soon. It has set its sights on readying the detailed project report and starting work by the year-end.Whereas experts claim that the construction of the coastal road is imperative to decongest traffic and would transform Mumbai into a world-class city. The state government hopes to obtain a formal nod from the Centre for the coastal road project soon. It has set its sights on readying the detailed project report and starting work by the year-end.
Hi, How good is Reema Residency in Boriwali West, Shimpoli road.
Q: I am looking at a 1BHK flat, around 500+ sq ft.

My comments to replies
Hi Ameya, Reema Residency is one of the popular residential developments in Borivali West, neighborhood of Mumbai. It is among the completed projects of Karnani Builders and Developers. Project is Ready to Occupy and was delivered around Oct 2006. Currently there are no properties available for sale in this project.
Hi Ameya, A well planned and elegantly designed housing complex consisting of 2- towers, with excellent elevation features, having G+11 & 12 floors respectively, and containing 1/2/3 BHK Flats with all ultra modern amenities. Grand spacious entrance lobby with “B”-Wing having double height and with 2 lifts in each of the wing. You may contact local broker for availability. Because they have the better knowledge if there is anybody selling their flats.
20th March 2015

Feedback on Purvankara Builders Bangalore
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 comments to replies
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 shaunak, I think some initiatives have been taken by the Modi Government. Delays can also happen if the developer is out of funds, or the bank is not ready to finance his project. Since its beginning in 1975, Puravankara has believed that there is only one concept for success: Top quality. The Company has grown from strenghth to strength, having efficiently completed 36 residential/commercial tasks comprising 7.80 million sq-ft. Currently, it has 29 million sq-ft of tasks under growth, with an additional 88 million sq-ft in estimated growth over the next 7-10 years. An ISO 9001 certification by DNV in 1998 and a DA2+ ranking by CRISIL are testimony to Puravankara's popularity as a real estate developer of the top quality and stability requirements.
23rd March 2015

Is Andheri East is a good destination for property rent and purchase?
Q: Hi, How are the rentals and sales in Andheri East?

My replies to this discussion
Hi everybody, I am looking for a 2BHK for rent in Andheri East? How is the rental market of Andheri East? What is the approximate rent is going on in the locality? Whay the property rates in the Andheri East is seeing an upward trend? Hi everybody, I am looking for a 2BHK for rent in Andheri East? How is the rental market of Andheri East? What is the approximate rent is going on in the locality? Whay the property rates in the Andheri East is seeing an upward trend?
Hi Anushkha, I think you forgot to mention the lack of street lighting along footpaths in the locality.The road and traffic conditions are bad in the area. The roads are majorly filled with sand and dirt, primarily due to the metro rail work. Tar has eroded on several roads, creating uneven roads and potholes. There are also major bottlenecks in many roads in the area, Saki Naka junction being a classic example.Hi Anushkha, I think you forgot to mention the lack of street lighting along footpaths in the locality.The road and traffic conditions are bad in the area. The roads are majorly filled with sand and dirt, primarily due to the metro rail work. Tar has eroded on several roads, creating uneven roads and potholes. There are also major bottlenecks in many roads in the area, Saki Naka junction being a classic example.
How Mira Road in Mumbai becomes a popular destination for realty investments?
Q: Hi, How is Mira Road's realty market performing?

My replies to this discussion
@Sonia, Mira Road stretches out from the region of Mira Bhayander up to Ghodbunder Road in Thane. It has the Western Express Highway (WEH) passing through it, which in the long run turns into a part of NH-8 and Delhi-Mumbai Industrial Corridor (DMIC). All these roads interface the area to the prime western rural areas, Thane and Navi Mumbai. Other important roads here include the Mira-Bhayander Link Road and Station Road. There are regular BEST transports giving public transport services. Other than roadways, the locality is likewise connected through the western line of the Mumbai suburban railway. @Sonia, Mira Road stretches out from the region of Mira Bhayander up to Ghodbunder Road in Thane. It has the Western Express Highway (WEH) passing through it, which in the long run turns into a part of NH-8 and Delhi-Mumbai Industrial Corridor (DMIC). All these roads interface the area to the prime western rural areas, Thane and Navi Mumbai. Other important roads here include the Mira-Bhayander Link Road and Station Road. There are regular BEST transports giving public transport services. Other than roadways, the locality is likewise connected through the western line of the Mumbai suburban railway.
Hi Sonia, Mira Road has a decent civic and social infrastructure. Electricity is given by Reliance Energy and Bombay Suburban Electric Supply (BSES), while telecom services are given by MTNL. The sewage system here is also experiencing change. There are plans to set up another sewage treatment plant, expanding water supply, redesigning the storm-water drain system and slum recovery. MMRDA has added to a skywalk close to the Mira Road railway station, offering more accommodation to the territory occupants. The development authority has also extended existing roads.Hi Sonia, Mira Road has a decent civic and social infrastructure. Electricity is given by Reliance Energy and Bombay Suburban Electric Supply (BSES), while telecom services are given by MTNL. The sewage system here is also experiencing change. There are plans to set up another sewage treatment plant, expanding water supply, redesigning the storm-water drain system and slum recovery. MMRDA has added to a skywalk close to the Mira Road railway station, offering more accommodation to the territory occupants. The development authority has also extended existing roads.
Apart from that the area already has a decent number of educational institutions and healthcare services including hospitals and nursing homes. There are a few malls and cinema halls here that cater to the entertainment. Some of the major landmarks in the area include Sanjay Gandhi National Park, Vardhman Fantasy Park, Orchid Ozone Mall and Chacha Nehru Bal Udyan. Apart from that the area already has a decent number of educational institutions and healthcare services including hospitals and nursing homes. There are a few malls and cinema halls here that cater to the entertainment. Some of the major landmarks in the area include Sanjay Gandhi National Park, Vardhman Fantasy Park, Orchid Ozone Mall and Chacha Nehru Bal Udyan.
Hi Sonia, Apart from property buy, rentals too are turning upward in the area, essentially because of the affordability of rentals. The approximate monthly rental of a 1BHK unit is about Rs 8500-13000 while that of a 2BHK unit is about Rs 10000-20000. One may find more 2BHK apartments for rent than 1BHK apartments.Hi Sonia, Apart from property buy, rentals too are turning upward in the area, essentially because of the affordability of rentals. The approximate monthly rental of a 1BHK unit is about Rs 8500-13000 while that of a 2BHK unit is about Rs 10000-20000. One may find more 2BHK apartments for rent than 1BHK apartments.
Affordable homes in Mumbai may be a distant dream due to rising construction costs
Q: Indeed as Maharashtra government has been concerned on giving affordable housing, there seems to be no significant efforts towards attaining this.

My comments to replies
Hi all, Now the affordable homes in Mumbai may not be a distant dream. As Maharashtra Government has been concerned on giving affordable housing. As per the the Maharashtra government, they will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Hi Shantanu, Great to hear from our CM, speaking at a conference on "Vision Maharashtra - Housing For All by 2022" organized by National Real Estate Development Council. As per the Maharashtra CM, they have taken this issue very seriously and are fully commited to apply it. Govt. will make the laws versatile and he am ready to face criticism.
24th April 2015
Even the Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes. Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
24th April 2015

Where to rent a Spacious 2BHK flats in Mumbai?
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
Hello Aarti, Kandivali is a western suburb situated close to Goregaon, Malad and Andheri. The locality has good connectivity and convenience to various suburbs via road and rail. The western express highway, which is a part of NH-8 passes through Kandivali East. The Kandivali railway station lies on the western line of the suburban railway network and links the locality to other suburbs. The locality also has a BEST bus depot. One may rent a 2BHK apartment for a monthly rent of Rs 25000-30000. The most common amenities include reserved parking, park, club-house, wi-fi connectivity and waste disposal. Hello Aarti, Kandivali is a western suburb situated close to Goregaon, Malad and Andheri. The locality has good connectivity and convenience to various suburbs via road and rail. The western express highway, which is a part of NH-8 passes through Kandivali East. The Kandivali railway station lies on the western line of the suburban railway network and links the locality to other suburbs. The locality also has a BEST bus depot. One may rent a 2BHK apartment for a monthly rent of Rs 25000-30000. The most common amenities include reserved parking, park, club-house, wi-fi connectivity and waste disposal.
Well Aarti, Kandivali has close vicinity to commercial centers such as Bandra Kurla Complex, Andheri SEEPZ and Powai SEZ, all of which can be achieved within 45 mins. The Charkop industrial estate and few other industrial areas too are located near Kandivali East. The locality also has good social and civic amenities. The Sanjay Gandhi National Park is just about 5 km from the locality.Well Aarti, Kandivali has close vicinity to commercial centers such as Bandra Kurla Complex, Andheri SEEPZ and Powai SEZ, all of which can be achieved within 45 mins. The Charkop industrial estate and few other industrial areas too are located near Kandivali East. The locality also has good social and civic amenities. The Sanjay Gandhi National Park is just about 5 km from the locality.
Land Acquisition Bill 2015
Q: What are the pros and cons of land acquisition bill ?

My comments to replies
Hi all, As per the latest new, farmers and activists on Friday, 24th of July,2015 demanded for withdrawal of the NDA government's Land Acquisition law. At a public hearing organized by Bhumi Adhikar Andolan, a union of agricultural worker, the land bill opposers, which included activist Medha Patkar, JPC members and MPs Jairam Ramesh of Congress and Mohammad Salim of CPI(M), also accused the Narendra Modi government of playing a new kind of conspiracy by getting the bill passed from the states.
Hello Veena, That is why they are minister. In India if you are doing good for your nation or the people of the nation the opponent will take it in a different way. It show their negativity during the ruling period. They will never do good nor they can see others to do good. Jairam Ramesh of congress advised farmers to put pressure on 6 members of the panel whose votes are crucial in deciding conclusion of the panel report. They have failed in their duties and now they are putting pressure on others to stay away with it. it shows their duty toward the nation. And we people vote such kind of people to act for us.
27th July 2015
Do you know Veena what social activist Medha Patkar told against the Modi Govt? As per her, a new kind of conspiracy in getting the land bill promoted, projected and passed from states to the Centre as it is in the existing list. But people's movements are determined to fight the law at state level.
27th July 2015

Only god know when is the bill going to pass????? The committee has 13 members who are opposed to, while 11 are in favour of proposed amendments. So, the votes of rest 6 members, who are mostly regional party leaders, matter more. So, they need to pressurise them to protect their rights. I don't understand why are they playing such kind of game in the parliament. Have they ever experience the beggar's life or they ever plough the field in sunny day or they ever harvest the crops? If not.....then how can they say that they are with the farmers? I think BJP Govt has the majority in the parliament so they don't need to ask and should stamp the bill in the next session of the parliament.
@Shalini, Farmers from Haryana, Uttar Pradesh, Maharashtra, Tamil Nadu, Rajasthan, Haryana and other parts of the country put forward their views during the meeting. The Tamil Nadu leader though expressed disappointment at not many JPC members turning up for the hearing.
27th July 2015

Siroya New Jagdamba a ongoing residential project by Siroya FM Construction Pvt. Ltd.
Q: Which all banks have approved this project for home loan? How much is the booking amount?

My replies to this discussion
Hi, Are you looking for a flat in Siroya New Jagdamba, Andheri East, Mumbai. Here are some information of this project Siroya New Jagdamba, Andheri East Or, To get best deal list you 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, Are you looking for a flat in Siroya New Jagdamba, Andheri East, Mumbai. Here are some information of this project Siroya New Jagdamba, Andheri East Or, To get best deal list you 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.
keemaya Heights by Keemaya build pvt. ltd.in Andheri West
Q: Hi, I am planning to buy a flat of this project. What are the price they have quoted for floor rise?

My replies to this discussion
Hi Anuskha, Keemaya Heights by Keemaya Build Pvt. Ltd. is under construction and they have just started the plinth work. They are charging Rs. 15500/sq-ft now. And the delivery date will be around December'2016.Hi Anuskha, Keemaya Heights by Keemaya Build Pvt. Ltd. is under construction and they have just started the plinth work. They are charging Rs. 15500/sq-ft now. And the delivery date will be around December'2016.
Tirupati Balaji group project in Vihighar ? Should I invest in it ?
Q: Tirupati Balaji group project in Vihighar ? Should I invest in it ? Builder Aditya developers says possession in 2.5 years.

My replies to this discussion
Hi, To get more information of this project click the link Balaji Dream City, New Panvel Or, To get best deal in this property list you 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, To get more information of this project click the link Balaji Dream City, New Panvel Or, To get best deal in this property list you 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.
Feedback on Mayfair hillcrest project
Q: Can anyone share about Mayfair hillcrest project about location, water, builder and other points.

My replies to this discussion
HI Mansoor, Have you booked a flat in Mayfair Hillcrest? How much they are asking for the booking? What about the project possession?HI Mansoor, Have you booked a flat in Mayfair Hillcrest? How much they are asking for the booking? What about the project possession?
My comments to replies
HI Mansoor, Have you booked a flat in Mayfair Hillcrest? How much they are asking for the booking? What about the project possession?
Thanks a lot Mansoor, What about the project approval? Have they got all the approval? Which local body has approved this project? What about car parking? I heard that they have 4 levels of podium car parking.
5th May 2015

I need information on Hiranandani Estate Canary
Q: Hi, i heard that most of the 2.5/3 BHK have been sold out. What are the option available now and what are it's sizes?

My replies to this discussion
Hey Ketal, If i add these 3 charges then the price would be something differ from your mentioned price. Is there any other hidden charges? Kindly explain as i am first time buyer, don't have much idea.Hey Ketal, If i add these 3 charges then the price would be something differ from your mentioned price. Is there any other hidden charges? Kindly explain as i am first time buyer, don't have much idea.
My comments to replies
Hey Ketal, If i add these 3 charges then the price would be something differ from your mentioned price. Is there any other hidden charges? Kindly explain as i am first time buyer, don't have much idea.
Thanks for your detail information..... I think there are so many hidden charges that a common buyer don't know. You detail price information will help a lot's of first time buyers. How much they are charging at the time of booking for 2.5BHK?
11th May 2015

When is the possession expected for Siddhivinayak Eden, Panvel
Q: Hi, i have booked a flat in Siddhivinayak Eden and want to know its possession date. Can anybody help me out?

My replies to this discussion
Hi Joy, Which are the sizes available in 2BHK and what is it's current price all inclusive? What is the rate per square feet is going on?Hi Joy, Which are the sizes available in 2BHK and what is it's current price all inclusive? What is the rate per square feet is going on?
My comments to replies
Hi Joy, Which are the sizes available in 2BHK and what is it's current price all inclusive? What is the rate per square feet is going on?
I heard that the project is approved by CIDCO. Which all banks have approved this project for home loan? What is the current status of this project now?
14th May 2015

i have purchased a flat for 19 lakh, in nagpur. How much service tax and VAT i have to pay
Q: what is the percentage of VAT , stamp duty, service tax in 12.36%?

My replies to this discussion
Good evening Hitesh and Meghna!!! The decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies. And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.Good evening Hitesh and Meghna!!! The decision to hike stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) as it will get half the revenue generated by levy of the 1% surcharge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on whose land the property lies. And secondly, this revenue will help NMRCL in repaying the 500 million Euro loan it has taken from German government agency KfW and the under consideration 130 million Euro loan from Agence Francaise de Developpement (AFD), a French institution.
Kharghar locality overview
Q: How is the locality of Kharghar in Navi Mumbai?

My replies to this discussion
Good Morning Abhi, Kharghar is one of the important junction in Navi Mumbai apart from Vashi and Nerul, and is being developed by City and Industrial Development Corporation (CIDCO). It is located on the outskirts of Navi Mumbai, adjacent to the six-lane Mumbai-Pune Expressway and National Highway (NH-4). It rose as a famous locality when CIDCO started developing various parts of Navi Mumbai. The area is known for its low property prices, closeness to major business areas in Navi Mumbai and its green environment which made it a popular holiday and picnic spot.Good Morning Abhi, Kharghar is one of the important junction in Navi Mumbai apart from Vashi and Nerul, and is being developed by City and Industrial Development Corporation (CIDCO). It is located on the outskirts of Navi Mumbai, adjacent to the six-lane Mumbai-Pune Expressway and National Highway (NH-4). It rose as a famous locality when CIDCO started developing various parts of Navi Mumbai. The area is known for its low property prices, closeness to major business areas in Navi Mumbai and its green environment which made it a popular holiday and picnic spot.
My comments to replies
Good Morning Dharmaja, Are you a resident of Kharghar? When i approached to a broker and asked about the connectivity to Pune and Mumbai, they told me that Kharghar is about two hours away from Pune and about an hour from Mumbai? Is it true? Which are the growth drivers of Kharghar
Good Morning Vinay, Yes, i am living in this area since 2011. And due to business purpose i have to roam around the Pune and Mumbai. That gentleman gave you the right information. The area is currently undergoing a huge development by CIDCO. It lies next to CBD Belapur and some other industries. The Navi Mumbai International Airport too is coming up just 12 kms away from the area. The 1st phase of Belapur-Kharghar-Taloja-Pendhar line of Navi Mumbai metro is already under construction and is expected to be completed by 2016. All these have led to a significant development in Kharghar in recent times.
2nd June 2015
UR Welcome Vinay, As i have mentioned above that the locality is famous due to its affordability, nearness to CBD Belapur and other industries, as well as its beautiful green environment. You will get various working class professional in the area. It has become favorite among residents of Mumbai, Pune and Nashik for weekend homes. Due to the huge development of the locality, several NRIs have started investing here.
2nd June 2015

Hey guy's, I live in Taloja and my office is in CBD Belapur, It takes a lot of time during office hours and at the same time the journey is too much tiring. So, i think of shifting to Kharghar. Which are the most common housing configuration available in Kharghar? And kindly mention the current residential property rate of the locality?
Hi Miran, The most common housing configurations are 1 and 2BHK apartments, followed by 3BHK apartments. Most of the apartments available are in the affordable and mid segments. The area also offers a few properties in the luxury segment. The current residential property rate in the locality is between Rs. 6300-9300/sq-ft. The values may vary depending on the location infrastructure, amenities, facilities and other related issues.
2nd June 2015

Waterfront by Kalptaru Ltd.in Panvel, Navi mumbai
Q: Hi, can anybody provide me the project details of this project?

My comments to replies
Hey guys, I am planning for a site visit. Can anybody help me out with the locality information? As I heard that the project is strategically located on the banks of Gadhi River where it meet with Kalendari river & opposite the famous Panchmukhi Hanuman Temple on the Mumbai-Pune Goa Highway.
Absolutely right Ravindra, This project is situated at the center of Panvel, comes with easy access to key business districts, suburban areas of Mumbai and even the suburbs of Pune, making it one of the best connected place in the Mumbai Metropolitan Region. It has easy connectivity to Panvel station which is approx. 4.5 km away from the proposed international airport & Mumbai via 10 lane expressway & SCLR.
10th June 2015
Waterfront by Kalpataru Ltd. has excellent connectivity to the major parts of the city. South Mumbai via the Panvel-CST Harbour Line, westtern suburbs via the Panvel-Andheri Rail Corridor, further extendable to Borivali, Thane in the North-East via the Panvel-Thane Trans-Harbour rail link, Virar in the North via the Panvel-Diva-Dahanu rail link, Chembur via the 10-lane expressway, BKC and Santacruz via the 10-lane Expressway and SCLR and Pune via the MUmbai-Pune Expressway.
10th June 2015

Rentals in Mumbai CBD fall by 4% in 2014-15
Q: Is there any reason behind Mumbai's poor show in rental market?

My replies to this discussion
Hi Lewin & Santosh, It seems to me that the demand of residential properties moves towards suburbs far away from the city center, because of that the demands for rental markets for office spaces in CBD is falling. As part of that trend, Bandra Kurla Complex is now the effective for CBD of Mumbai.Hi Lewin & Santosh, It seems to me that the demand of residential properties moves towards suburbs far away from the city center, because of that the demands for rental markets for office spaces in CBD is falling. As part of that trend, Bandra Kurla Complex is now the effective for CBD of Mumbai.
Avante by Sheth Developers Ltd. in Kanjurmarg, Mumbai
Q: Have they got the IOD and CC for this project?

My replies to this discussion
Hi Pradyuman, Can you provide me the project details? What is the basic price per square feet they are charging now?Hi Pradyuman, Can you provide me the project details? What is the basic price per square feet they are charging now?
My comments to replies
Hi Pradyuman, Can you provide me the project details? What is the basic price per square feet they are charging now?
Thanks Pradyuman, What about the possession date? Any idea? How much will be the booking amount and the which all banks have approved this project for home loan?
2nd July 2015
Thanks once again Pradyuman, How many flats will be in each tower? What about the car parking? How is the locality of Kanjurmarg? And how is it's connectivity?
2nd July 2015

For Panvel project, Wahwa Group raised Rs. 200 crore from Piramal Fund Management Pvt Ltd
Q: Is it true that the Mumbai-based real estate firm has raised Rs. 200 core from Piramal Fund Management Pvt. Ltd. for its 500 acres township at Panvel in Navi Mumbai?

My replies to this discussion
Yes, it is absolutely right. And the fund will be used to build 500-acre township at Panvel in Navi Mumbai and will use some of the money to buy additional land for the yet-to-be launched project and some to give an exit to earlier lender IIFL Group.Yes, it is absolutely right. And the fund will be used to build 500-acre township at Panvel in Navi Mumbai and will use some of the money to buy additional land for the yet-to-be launched project and some to give an exit to earlier lender IIFL Group.
Is it worth investing in L&T Crescent Bay Flat
Q: I WOULD LIKE IF ITS WORTH INVESTING IN Ruparel Ariana and L&T Crescent Bay. WILL THE PROPERTIES in 3 to 4 years time? What would be the current rate per sq foot for each flat?

My replies to this discussion
@Ramji, You need to take the following considerations before you invest in Parel. I haven't seen much appreciation in the locality and the reason high property value and unsold inventories. 1) Both look like good developers. Hence, make a choice depending on your requirements and budget. 2) Property is very expensive in Parel (in the range of Rs 18000-31000/sq.ft). Also know that Parel hasn't witnessed much of an appreciation in the last 3-4 years due to high property prices and lack of buyers in that area. Considering the large number of unsold apartments in expensive prime suburbs in Mumbai, there doesn't seem to be more than 1-2% of appreciation in the next 3-5 years.@Ramji, You need to take the following considerations before you invest in Parel. I haven't seen much appreciation in the locality and the reason high property value and unsold inventories. 1) Both look like good developers. Hence, make a choice depending on your requirements and budget. 2) Property is very expensive in Parel (in the range of Rs 18000-31000/sq.ft). Also know that Parel hasn't witnessed much of an appreciation in the last 3-4 years due to high property prices and lack of buyers in that area. Considering the large number of unsold apartments in expensive prime suburbs in Mumbai, there doesn't seem to be more than 1-2% of appreciation in the next 3-5 years.
My comments to replies
The Major problem is that L&T keep telling prospective buyer the they rate per sq foot is fixed .Could any one who could give a more accurate figure for the current bay L&T . The second problem with the builder they keep you in the dark. L&T gives a consolidated figure an amount say 3.5 BUT WILL NOT GIVE AN ACCURATE BREAK UP OF THE FIGURE. I EVEN NOTICE L&T KEEPS ADD NUMBERS WITH A PROPER EXPLANATION. CAN ANY HELP HOW TO STAY OUT OF TROUBLE EVEN WITH THE BUILDER L&T. IT WON'T GIVE ITS LOADING FIGURE for the Flat, 2 L&T IS Charging for parking despite the fact the more that 40 % cost extra based on Super built up area for each flat ,which includes Parking. In 2010 the Supreme Court have passed a judgement on Car parking CANNOT BE Charged from the buyer. The cost for parking and other facilities has been included in the cost. The 2012 Mumbai High court order CANNOT SUPERSEDE THE SUPREME COURT ORDER . THE L&T Builder keeps using all sorts of charges to bring up the figure to 3.5 cro
Dea Sir, Before buying property or signing agreement paper with any builder, check all the legal approvals, verify it by local municipal, asked some owner of that project and read all the clause carefully mentioned on sale deed like possession, floor plan, maintenance charges, payment schedule etc. You are right as per the Supreme Court order builder can't charge for the car parking. But as per the Maharashtra Govt. excluding Bungalow on independent land parking under stilt or covered parking has to be valued at 25% of the rate arrived after appropriate reduction applicable to property purchased in that zone. For open parking space valuation should be done by taking 40% rate of developed land in that zone. You can get more details on Maharashtra Govt. site i.e http://e-stampdutyreadyreckoner.com/Guideline-Entire-Maharashtra.html
15th July 2015

Why real estate may not crash?
Q: Actually, the real estate sector has been stuck with high inventories and faced a liquidity shortage for at least 2 yrs now. In spite of that prices have not fallen.

My comments to replies
Right Sonya, Builders have many options. Many builders who have not been able to sell apartments have simply stopped construction, rather than take debt to complete their projects. Therefore, a majority of projects are behind schedule. Buyers are helpless. Some builders had offered to pay penalties in case of a delay, but the promise comes loaded with so many riders that buyers somewhat get paid.
Those builders who are highly gripped do as expected have a problem in their hands. Because of their nature, banks had turned their back on them long time ago, NBFCs and private lenders have also started to say no to them. It is seen that most of the builders in this category are those who are into commercial real estate as well, where pre-sale does not happen. Such projects are financed out of debt.
3rd August 2015

Hey Supratim, Seeing the present situation of the market i can say that this might lead to a huge change in the country's real estate market. Still, large builders have stayed away from it. The reasons are crystal clear and that is cash transactions involved in the business. But now you might experience that they see an opportunity in the large number of projects that have got all clearances but are stuck because of the lack of funds.
This is because, the builders have lost buyers trust. They are looking for projects that are backed by small corporations not from brand name and builders. And that is where business houses like Tata, Godrej, Bharti and Mahindra have the opportunity.
3rd August 2015

Super Built-Up Area vs Built-Up Area vs Carpet Area
Q: These terms are extremely important and may often confuse a new buyer.

My replies to this discussion
Yes it is true......when a buyer or an investor meet a builder or look at the project brochure, they will encounter different terminologies that describe the size of the apartment. Carpet area:- it means the net usable floor area within a building excluding the area that is covered by the walls or any other areas specifically exempted from floor space index computation. This covers all the rooms in your house including kitchen, living room, bed rooms, bathroom and utility. Some builders tend to add the balcony as part of the carpet area while others do not. Hence, you should confirm with the builder about this.Yes it is true......when a buyer or an investor meet a builder or look at the project brochure, they will encounter different terminologies that describe the size of the apartment. Carpet area:- it means the net usable floor area within a building excluding the area that is covered by the walls or any other areas specifically exempted from floor space index computation. This covers all the rooms in your house including kitchen, living room, bed rooms, bathroom and utility. Some builders tend to add the balcony as part of the carpet area while others do not. Hence, you should confirm with the builder about this.
Well Dwarkesh, Built-up area is also known as plinth area. It is the total size of your apartment unit including walls, sit-out, balcony, terrace and utility. You can also take it as a area covered by a building on all floors including any cantilevered portion. It is usually consider 10% higher than the carpet area. This term may not be used as often as super built-area, yet, may be often confused with the latter.Well Dwarkesh, Built-up area is also known as plinth area. It is the total size of your apartment unit including walls, sit-out, balcony, terrace and utility. You can also take it as a area covered by a building on all floors including any cantilevered portion. It is usually consider 10% higher than the carpet area. This term may not be used as often as super built-area, yet, may be often confused with the latter.
My comments to replies
Well Dwarkesh, Built-up area is also known as plinth area. It is the total size of your apartment unit including walls, sit-out, balcony, terrace and utility. You can also take it as a area covered by a building on all floors including any cantilevered portion. It is usually consider 10% higher than the carpet area. This term may not be used as often as super built-area, yet, may be often confused with the latter.
Hahahaha.......no, i just follow the real estate market. I am just a common man like you. But we should have the knowledge of common terminologies as it often confuse. Super Built-up area or Saleable area both are the same. This is one of the most commonly used term by the builder while describing the size of an apartment. Also called as saleable area, the super built-up area is the size of your apartment plus the common areas proportioned to the unit. These common areas may include swimming pool, community centre, gymnasium, clubhouse, lobby, staircase and lift. Open areas such as gardens, parks, play areas and terrace are also included in this. Hence, Super built-up area:- Built-up area + amenities and common areas.
10th August 2015

Are the real estate prices in Mumbai overpriced?
Q: Is there a chance that the prices will come down in the near future?

My replies to this discussion
Right Kishore, If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.Right Kishore, If DCR 2034 applied then a builder will have to pay more to the BMC than the tenants of a building. As a result, the excess FSI that a builder would get would be used to cover the increase in cost due to this price increase. Base FSI will be 1.5, if allowable FSI is 8, most of the other 6.5 FSI has to be bought from the BMC at the new premium rate. As a result builder will get no advantage and if they would not get any advantages then no way he can pass on any benefit to the buyer.
How to celebrate Raksha Bandhan in your apartment?
Q: This festival is celebrated in the Sharavana month, it carries all the color and shades of nature and emotions.

My comments to replies
Hi Ananya....wish you a very Happy Raksha Bandhan in advance!!!!! The apartment owners' association can organise the event and invite all the people by sending invitation cards. The invitations can be distributed collectively so that the entire society will be aware of the celebration.
I think this is the right way of celebrating this festival in apartment. A rakhi counter can be installed in the apartment vicinity with colourful rakhis on display. You can also ask the members to make their own rakhis and sell it inside the apartment. Apart from just rakhis the counter can also have Raksha Bandhan greeting cards, sweets, attires, gifts and other necessary items.
26th August 2015

Apart from that one can installed a gift counter in the apartment vicinity. The society can collect money and buy gifts so that they can give the gifts away during the celebration. Apart from this, family members can also buy personal gifts and offer them to their guests.
Society can also make arrangement of the thali and the puja organization. A thali is the important required on this occasion as all sisters prepare this for the ritual. The puja thali consists of diya, roli, chawal, rakhi thread and sweets. Once the thali is ready, the ritual can begin with a prayer in front of the idol which can be placed in the selected place of the apartment. Placing just one idol makes the puja process easier for all sisters.
26th August 2015

How to make my own Rakhi or Raksha Bandhan?
Hi Ankita..... The materials you need for making Raksha Bandhan are Silk threads (multi-colored around 30-inches length), Cotton thread, Beads, sequins, Scissors, Glue etc. Take the multi-colored silk threads and fold the length of the bunch into half. At one-fourth of the length, tie a tight knot using the cotton thread. Cut the loops of the folded thread and using the brush, fluff the open ends so that they rise up in a bunch. You can plait the longer part of the thread in any way you choose. After that, tie the open ends with cotton thread and fluff their ends too. These two ends will be used to tie around the wrist. You can use the beads and sequins to decorate the upper part.
26th August 2015

the usual way :)
Can you share how you celebrate Raksha Bandhan this year so that i can also celebrate in the same manner. What should be the best gift for a elder and younger sister?
3rd September 2015

Lodha Estrella, Wadala East, Mumbai Price updates
Q: Hi, What is the current asking price of 3BHK in Lodha Estrella?

My comments to replies
Hi, What about the project approval and which all banks will provide me loan?
@Jackie, Lodha Estrella by Lodha Group is a super luxurious and premium residential project in New Cuffe Parade, Wadala East, Mumbai. It offers 1/2/3 BHK Luxurious Garden Residences. It's total area is 23 acres, 13-Towers, 15acres open green space,11 swimming pools are some basic amenities of this project. It is expected that the possession date will be October'2018.
20th October 2015

Mumbai builder will have to pay Rs. 5 lakh as fine to flat buyer
Q: The Consumer Dispute Redressal Forum Mumbai has directed a city-based builder to pay Rs 5 lakh as damages to a buyer for failing to handover the flat and selling the promised flat to a third party.

My comments to replies
But the consumer forum has considered that the builder has made a false statement as the construction was completed in 2004 and directed the builder to provide a 887 sq-ft flat to the buyer.
Hi Neraj, A baseless statement made by builders and its two partners, saying that they had sent letters to the complainant and had asked him to pay the due amount and take possession of the flat. They have not produced on record any significant proof to verify their previously mentioned statement.
3rd November 2015

Piramal, TPG, Baring in race to acquire ICICI Home Finance
Q: Piramal Group, TPG Capital and Baring Private Equity Asia are in the race to acquire ICICI Home Finance Company, a subsidiary of India's largest private bank.

My comments to replies
Hi Dharmaja, I have read that Parent ICICI Bank had been expecting a valuation of about Rs 4400 crore for the unit, which focuses on home loans in smaller cities.
Right Vivek, The buyers have submitted non-binding bids in the 1st round on Friday. The bidding war and negotiations with ICICI Bank are set to begin in the 2nd or 3rd week of Novembe. ICICI Bank will also set the base price for the binding bids. Standard Chartered and ICICI Securities are advising the bank.
3rd November 2015

is it right time to buy property n ulwe.have heard hase 1 will be city completed by 2017 .will it be?
Q: I have heard that phase one will be completed by 2017. Will it be completed.if delay than till which year.

My replies to this discussion
Right Manis, Even i will suggest to buy property there. According to me Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. Investment for long term around 5 years with a reputed builder and in good location will be a good decision. Annual return would be around 30-35% subject to growth and risk factors.Right Manis, Even i will suggest to buy property there. According to me Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. Investment for long term around 5 years with a reputed builder and in good location will be a good decision. Annual return would be around 30-35% subject to growth and risk factors.
Is it right time to buy property?
Q: I am planning to buy property in Mumbai. Do you think this is the right time to buy property?

My comments to replies
If you will ask to me i will say "Yes"'. The numbers of offers and discounts in the festive season makes it an ideal time to invest in properties. Buyers will be able to get best deals at this point of time. At the same time, RBI gave a more-than-expected rate cut of 50 bps ahead of the festive season and also increased the loan portfolio for buyers looking for homes in the range of Rs 30 to 50 lakh.
Right Balwinder, Even the buyers have shown the remarkable response more than expected this time around. Bookings during the festive season have witnessed far better results compared to the previous years, demonstrating the recovery mode of the real estate sector after years of slowdown.
1st December 2015

Hi, What do you think the government should do to deal with the problem of huge shortage of housing in the country?
Hi Miraniyatin, The ''housing for all'' mission will only succeed if the government offers sufficient support to the realty sector. The Public Private Partnership model should be encouraged first. Measures should be taken to remove problems, when it comes to land clearances, along with a control on prices.
1st December 2015

Dawood Ibrahim's property in auction
Q: Former journalist to bid for Dawood Ibrahim's property in auction.

My replies to this discussion
Where is the property located and is there any specific reason of buying such properties? When and where is the auction going to be held?Where is the property located and is there any specific reason of buying such properties? When and where is the auction going to be held?
My comments to replies
Where is the property located and is there any specific reason of buying such properties? When and where is the auction going to be held?
Thanks javed, Don't you think that property buyers have to face some legal issue if they buy such properties? Is the property free from legal issues?
4th December 2015

Yes, the properties are free from the legal issues and Balakrishnan visited Pakmodia Street for inspection of the property before the auction. It is a ground-plus-one floor structure. Though in the list of the authority the property has been listed as Hotel Raunak Afroz, during his personal inspection, he saw the board of Delhi Zaika hotel put up on the property.
Well Sandeep, If he wins the bid then what would be his plans regarding the property and what would be the expected bid price?
4th December 2015

Piramal Fund Management is looking to expand Rs.22000 crore portfolio by end of March
Q: One of the most active investors in the property sector for the past 2 yrs. in Mumbai is looking to expand its assets under management by over a 5th to Rs 22000 crore by the end of March.

My replies to this discussion
Right Balmiki, And the Apartment Fund seeks to buy residential units from developers at a discount to popular market price, by offering to purchase in bulk. The Rs 500 crore Redevelopment Fund, launched in mid-2012, has fully been deployed, while 60% of the Rs 570 crore apartment fund, which was launched in 2014, has been invested.Right Balmiki, And the Apartment Fund seeks to buy residential units from developers at a discount to popular market price, by offering to purchase in bulk. The Rs 500 crore Redevelopment Fund, launched in mid-2012, has fully been deployed, while 60% of the Rs 570 crore apartment fund, which was launched in 2014, has been invested.
Slums dwellers will have to pay property tax, but not based on land values
Q: According to the civic body's plan, slum dwellers will have to pay between Rs 2400 and Rs 18000 as property tax annually, depending on the size and types of huts.

My comments to replies
Yes, they will tax all protected and unprotected slum properties. there are approximately 15 lakh slum structures in Mumbai. Under the Jawaharlal Nehru National Urban Renewal Mission, it was mandatory to levy property tax on every structure in the city.
Right Jackie, And it is not possible to impose property tax on slums as per the capital value-based system, which operates based on Ready Reckoner rates. If they go by Ready Reckoner rates for various areas, slums would have to pay excessive property tax. So they have proposed to impose a lump sum amount based on the size and type of the huts considering their economical and social status.
13th January 2016
Yes, they are planing and hopefully will impose from April this year. So, before that, they will try to get the necessary amendments. Now, the proposal has placed before the law committee that has asked more clarity on the definition of slums by the civic administration.
13th January 2016

Olympeo Infrastructure Pvt.Ltd (Neral)
Q: I am planning to invest in Olympeo Infrastructure Pvt.Ltd (Riverside Neral project). Can anyone share their past experience with this builder & whether or no one should invest in this project...Would be a good investment decision.?.

My comments to replies
Hi Savio, Olympeo Riverside an integrated township spread over 40 Acres. It offers 1500+ apartments of Studio, 1BHK / 2BHK & 3 BHK. It is a gated Community with G+4 & G+7 Buildings with Lift. Sizes of the studio partments will be 298 sq-ft.,1BHK from 391-396 sq-ft., 2BHK in 560 sq-ft. and 3BHK in 694 sq-ft. in G+7 storeys.
Hello Devika, Whereas in G+4 storeys, 1BHK available from 366-498 sq-ft. and 2BHK from 529-552 sq-ft. And its current asking price is Rs.2500/sq-ft. Thay have all the required approval and HDFC, LIC Housing Fin, DHFL etc. are funding this project. As per the developer, project possession date will be December'2017.
1st February 2016

@Savio, As far as project location and connectivity is concerned, Olympeo Riverside is in the prime upcoming node of Neral-Karjat belt. It has iclose proximity to Shelu railway station and 4-lanes Badlapur Khopoli highway, the project further increases the connectivity not only to the suburban local network of Mumbai but also to the near Industrial areas of Badlapur-Ambernath. The Neral-Karjat belt is being widely recognized as the upcoming development node and a natural extension of both Kalyan-Dombivali and Panvel area.
Right Devika, Neral is a town in the District of Maharashtra, located 83 kms from Mumbai in the Karjat tehsil. It consists of 50 sectors and is surrounded by Matunga, Wadala, Boisar, Pen, Badlapur East, Powai, Ghatkopar West, Bandra West, Ghatkopar East and Chembur. It is a part of the Metropolitan region and offers the perfect blend of residential and commercial real estate properties. It has walking distance from Shelu railway station and 2 kms from the 4-lane Badlapur-Karjat Highway, 30 mins from Panvel after the commencement of rail services on the Panvel-Karjat and 10 mins from the Karjat – Murbad – Kalyan highway.
1st February 2016

I am interested in selling a property in mumbai. Is this the right time, or should i wait for some more time.
Q: I am interested in selling my property. is this the right time.

My comments to replies
Hi Edison, Seasonal differences are fairly universal but it is worth having a close look at your local area before entering the market. Check if the Council has granted planning permission for any work nearby, you don't want to be trying to sell your house while there are major road works going on outside.
Yes, once you have decided that you are ready to sell, you need to take a number of factors into consideration to make sure the process is efficient and beneficial for you. If you are getting right price (compare with the current mkt price), right time(if there is no developments happening in the locality), seasons (specially on festival seasons) and market should be the right time to sell your property.
5th February 2016

Is NOC from CIDCO required for transfer of housing membership of a re-sale flat in kharghar ?
Q: Wanted to know if the NOC from CIDCO is required for transfer of housing society membership for re-sale flat. The flat is in a building constructed on plot based on tri-party agreement. The price of flat has been fully paid up to the seller, without any loan, and agreement duly registered. To give a brief history. after the OC from CIDCO, and after Housing society was formed, just when builder in process of providing conveyance, which he eventually did, one fine day a letter from a lawyer was given at the gate. It mentioned that the set of heir's of original plot owner had put up a court case against Builder, CIDCO and another set of hier's. Former set of heir's were claiming that latter set had shared the compensation with them. We, the members of housing society, consulted a lawyer, who told use this is not unusual in this region, we should not worry, as the case has not been filed against us, unless there is direct notice to us. But now after few 3-4 years, when resale of flat went ahead, now the present Housing society committee are denying to transfer membership to the new owners, after CIDCO has not provide NOC. So is NOC CIDCO required for resale of flat not built by CIDCO, and when there is no home loan involved ?. And a housing society deny transfer of membership to the new owner with CIDCO NOC ?

My replies to this discussion
Hi, Co-operative housing society can not refuse to give NOC. But if it refuses, the applicant has the right to proceed against the Society in a appeal. For such matters, it is better to engage a legal experts rather than doing with a shallow.Hi, Co-operative housing society can not refuse to give NOC. But if it refuses, the applicant has the right to proceed against the Society in a appeal. For such matters, it is better to engage a legal experts rather than doing with a shallow.
Is DB Orchid Ozone worth investing in todays date?

My replies to this discussion
Hi Devang!!! Here is a list of problems we faced/ or probably you would face too with DB Realty if you are deciding to book a house. 1) They will never let you read the agreement while signing, 2) Once booked you will not get any status updates, 3) You can't sell your flat even after the lock in period, you will have to bear a unnecessary transfer charge which will shave of nearly 30% of your profit, 4) agreements will be one sided which will favor the builder only, there is nothing in favour of the buyer, 5) Every payment delayed by even a day would lead to a huge penalty by 18%, 6) Layouts and plans can be altered as per their convenience.Hi Devang!!! Here is a list of problems we faced/ or probably you would face too with DB Realty if you are deciding to book a house. 1) They will never let you read the agreement while signing, 2) Once booked you will not get any status updates, 3) You can't sell your flat even after the lock in period, you will have to bear a unnecessary transfer charge which will shave of nearly 30% of your profit, 4) agreements will be one sided which will favor the builder only, there is nothing in favour of the buyer, 5) Every payment delayed by even a day would lead to a huge penalty by 18%, 6) Layouts and plans can be altered as per their convenience.
i want to buy a property in mumbai parel area in project ruparel arina. can i trust the builder ?
Q: ruparel arina (parel)mumbai. Developer-Ruparel Group.Status-under contrustion

My comments to replies
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.
You are absolutely right Rosini. May be Ruparel will end up taking money equivalent to Crescent Bay by the time the project is complete. You know very well, what is happening in the HDIL, Kurla project. Now-a-days builders are mastered of this trick. As far as locality point-of-view, almost 20% price rise has seen in last 1 year in the locality. So, investment point of view, it is a undoubtedly a good project.
23rd May 2016

Shri Koleshwar Nirmala Enclave
Q: He, i am interested in this project but i didn't find any details of this project. Can anybody share some inputs of this project?

My comments to replies
Hi Dharmaja, Shri Koleshwar Nirmala Enclave located at Raigad, Mumbai is one of the popular residential developments. It offers 1/2 BHK residential flats. It's sizes are available from 550-570 sq-ft. in 1BHK and from 615-935 sq-ft. in 2BHK. Its current rate will be Rs. 3500/sq-ft. A 1BHK will cost you Rs. 19.25-19.95 Lakh onward whereas a 2BHK will cost to you Rs. 21.52-32.72 Lakh onward. This project is still in pre-launch phase and will launch very soon but the booking process has started.
Thanks Subham, Any idea about its possession date and the booking amount? Which all banks have approved this project?
21st July 2016

Oyster Living Foresta, Mira Road, Mumbai
Q: What is the current rate is developer charging for its project Oyster Living Foresta? And what will be the price of a 2BHK all including?

My comments to replies
Hi Deepankar! Oyster Living Foresta by Oyster Living strategically located at Mira Road, Mumbai, offers 1RK/1/2BHK residential flats. Its sizes are available from 414-455 sq-ft. in 1RK , 630-635 sq-ft. in 1BHK and 900 sq-ft. in 2BHK. It's current price will be 4751/sq-ft. Cost of 1RK will be Rs. 19.67-21.62 Lakh onward, 1BHK will cost you Rs.29.93-30.17 Lakh onward. It is G+18 storey apartments consists 252 units in 3-towers.
Thanks Niyati, What about the project approvals? Are all approvals in place? Which all banks have approved this project for offering home loan? Do you have any update on its possession date?
22nd July 2016

Good afternoon Dharmaja!!! Yes, Oyster Living Foresta is a MBMC (Mira Bhayandar Municipal Corp.) approved project and has all the required approvals like IOD and CC. As far as bank loan is concerned, HDFC Housing Loan and Axis Bank are offering loan for this project. I have inquired about this project two month back and they told me that they are offering its possession by December'2018.
Thans Vasanth, How is the locality and connectivity of Mira Road? Is the transport facility good enough in the locality?
22nd July 2016

advice about samadhan s.v.road goregaon west
Q: please advice about samadhan s.v.road goregaon west, as i have seen some bad remarks about shivam builders. now aashna developers are handling this project. i am concern about timely possession.

My replies to this discussion
Hi Friends.....i heard your issues and found that the risk is too high. Multiple change of hands are happening in this project and it seems to imply that none of the group owning the project had the financial muscle in the current market to manage the project. The current owner also not among the top builders who can manage finance either through banks or PE funds easily. So the financial risk is very high. And it will take some more time to complete.Hi Friends.....i heard your issues and found that the risk is too high. Multiple change of hands are happening in this project and it seems to imply that none of the group owning the project had the financial muscle in the current market to manage the project. The current owner also not among the top builders who can manage finance either through banks or PE funds easily. So the financial risk is very high. And it will take some more time to complete.
Please tell me the information of Hiranandani Fortune City
Q: One of the best Project Hiranandani Fortune City Major location Panvel Navi Mumbai. Which is developed by Hiranandani Real Estate. It's a provided Type: 1,2,3BHK apartments, Size Ranging: 303-1646SqFt, project area: 350 Acres. To know more information visit us http://www.hiranandanifortunecitypanvel.in/

My replies to this discussion
Hi Ramesk!! What is the current status of this project and when is the project possession date? Is there any 2 and 3 BHK is available for sale in it?Hi Ramesk!! What is the current status of this project and when is the project possession date? Is there any 2 and 3 BHK is available for sale in it?
My comments to replies
Hi Ramesk!! What is the current status of this project and when is the project possession date? Is there any 2 and 3 BHK is available for sale in it?
Thanks Ramesk!!! What about approvals and loan? Which all approvals are in place? Is the construction work on schedule?
30th August 2016

what are the docuements that we got after purchasing flat from builder in Mumbai and please Arranage in squence? you can
Q: what are the docuements that we got after purchasing flat from builder in Mumbai and please Arranage in squence? you can add document that might be there in the below list. e.g 1.Agreement to Sell (details if any ) 2.Sales Deed 3.Possesion certificate

My replies to this discussion
Hi Sanjay!! These are the required documents which one should ask to the builder after purchasing the flat from builder:- 1) Sale deed, 2) Mother deed, 3) Building approval plan, 4) Commencement Certificate, 5) Conversion Certificate, 6) Encumbrance Certificate, 7) Betterment charges receipt, 8) Power of Attorney, 9) Latest tax paid receipt, 10) Completion Certificate and, 11) Occupancy Certificate.Hi Sanjay!! These are the required documents which one should ask to the builder after purchasing the flat from builder:- 1) Sale deed, 2) Mother deed, 3) Building approval plan, 4) Commencement Certificate, 5) Conversion Certificate, 6) Encumbrance Certificate, 7) Betterment charges receipt, 8) Power of Attorney, 9) Latest tax paid receipt, 10) Completion Certificate and, 11) Occupancy Certificate.
can i invest in oyster living foresta mira road kashigaon they saying only 1 flat is left..1BHK..and there is no work on
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 comments to replies
Hi Sagar, Investing in real estate, one of the most common advice that experts give is to do a due diligence on the builders. This means checking on the developers’ past projects, quality of construction, delivery schedules etc. The realty industry is plagued by many fly by night operators who cannot be trusted. It is therefore always prudent to invest in a builder who is affiliated with a governing body such as CREDAI.
I am agree with Mr. Jain .... Buying a house at a price 20-30% lower than market rates can be tempting. Which is why many buyers book houses in projects that are sold even before all clearances are in place. However, such properties could run into problems such as delay in completion, or a rise in construction cost or the entire project getting cancelled owing to clearances not coming through.
14th October 2016

Did you book flat in Kulswamini Heights Dombivli (West), Mumbai Beyond Thane
Q: If you have book flat in HARI OM Developers Kulswamini Heights Dombivli (West), Mumbai Beyond Thane Plz share your advice & experience We had booked flat in Kulswamini Heights ,but im unable to communicate with Kulswamini Heights resident so I welcome you all those who have booked flat in Kulswamini Heights.

My comments to replies
Hi, Located in Dombivali, Mumbai, Kulswamini Heights is a premium residential project launched by Kulswamini Developers. The project offers 1, 2 BHK configurations ranging from 405 - 1265 sq-ft. These units in Beyond Thane and are available at an attractive price of Rs 5653/ sq-ft and will be available to buyers starting at Rs 22 lacs. The project is Under Construction and possession is scheduled by Dec 17.
Hi Purva!! But when i asked the sales guy and asked about the project, i found that 1RK is sizes from 405-481 sq-ft., 1BHK from 665-740 sq-ft. and 2BHK from 850-900 sq-ft. and it's current price quoted by the developer is Rs.5800/sq-ft. Price of a 1RK will be Rs.23L onward, for 1BHK, it will be Rs.39L onward and for 2BHK, it will be Rs.49L onward. As per sales guy, possession will be June' 2017.
11th November 2016

Hi, I am planning to book a 1RK in Kulswamini Heights, Dombivli West. My question is which local body and financial institutions have approved this project?
Hi Sankalp, Kulswamini Heights, Dombivli West by Kulswamini Developers is a Thane Municipal Corporation approved project and almost all the leading banks and financial institutions have approved it for housing loan.
11th November 2016
@Sankalp... Dombivli West is a famous locality in the Thane District of Mumbai. Kopar Road and Reti Bunder Road are the roads that pass through this locality offering easy connectivity. Dombivli and Kopar Railway Stations that lie in the Central line of Mumbai Railway Station offer a good option for daily commute to the residents. The area is dotted with a number of famous educational institutes, banks, ATMs, hospitals, healthcare centers that allows easy and hassle-free lifestyle. Price trend in Dombivli West has risen by 13% in last one years.
11th November 2016

Acme Ozone Complaints
Q: Any reviews on this project? I'm planning to invest. Plan & Rates are good.

My replies to this discussion
Gud evening!! Please don't buy house with any of Acme's projects. Not sure how banks like HDFC are funding/supporting this project.They always makes false promises in their every project. Most of its projects are hyped and delayed. Doesn't pay you interest on delayed possession. There is no doubt that they are very big builder in Mumbai and have completed more than 50 projects in Mumbai. But still you can see lot's of negative feedback against this developer from its customers.Gud evening!! Please don't buy house with any of Acme's projects. Not sure how banks like HDFC are funding/supporting this project.They always makes false promises in their every project. Most of its projects are hyped and delayed. Doesn't pay you interest on delayed possession. There is no doubt that they are very big builder in Mumbai and have completed more than 50 projects in Mumbai. But still you can see lot's of negative feedback against this developer from its customers.
Guranteed Possession
Q: Acme is providing guaranteed possession till 2017 Dec. as per my discussion with their sales rep.

My comments to replies
Well this is a good news. Very few builders commit that.
Hi Arvind!! Please if you have some information on currant status of Commencement Certificate then please post it here...
9th December 2016

Is BBJ Oshi, Oshiwara, Mumbai is a good project to buy?
Q: I need some information of this project as i am looking for a 2BHK flat in Oshiwara, Mumbai?

My replies to this discussion
Hi Ketal, BBJ Joshi, Oshiwara is a residential development by BBJ Worldwide. It is offering 1 and 2BHK flats from 670-830 sq-ft. and it's current asking rate is Rs.11700/sq-ft. It is G+37 storey apartments consists 216 units in single tower. This project is under construction and possession by December'2019.Hi Ketal, BBJ Joshi, Oshiwara is a residential development by BBJ Worldwide. It is offering 1 and 2BHK flats from 670-830 sq-ft. and it's current asking rate is Rs.11700/sq-ft. It is G+37 storey apartments consists 216 units in single tower. This project is under construction and possession by December'2019.
What is the best location for Investment in Mumbai?
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
Hi friend! Dosti Desire, i saw some site have mentioned that studios are also available, probably that explains the low ticket price. Any one has more details. If 1BHK really starts @ Rs.40 L then that should make many people to put on their thinking caps.Hi friend! Dosti Desire, i saw some site have mentioned that studios are also available, probably that explains the low ticket price. Any one has more details. If 1BHK really starts @ Rs.40 L then that should make many people to put on their thinking caps.
Is this builder good?
Q: After reading numerous complaints for Jaycee Homes Mumbai, I am surprised they are not blacklisted yet...Being an investor myself I have regretfully learnt how EACH and EVERY project of theirs is in doldrums after accepting huge advances from Investors...One of the biggest frauds in construction section in Mumbai perhaps?

My replies to this discussion
There are four public notices regarding Jaycee Homes in Times of India dated 25th Jan & 31st Jan 2017. There is a fifth public notice regarding Jaycee Homes on page 17 in Times of India dated 04th Feb 2017.There are four public notices regarding Jaycee Homes in Times of India dated 25th Jan & 31st Jan 2017. There is a fifth public notice regarding Jaycee Homes on page 17 in Times of India dated 04th Feb 2017.
Garden Grove Phase 2 : Borivali West
Q: Hi, I am thinking of buying a property in Garden Grove Phase 2 by Kamala Builders. It's a 3bhk and the locality is Chickoowadi borivali west. Wanted to know review of this property if someone has already bought a flat or is staying in one of their 2bhks for which possession were already given.

My replies to this discussion
Hi, Garden Groove Phase-2 by Kamala Group located near Kanti Park, Shimpoli Road, Mumbai id offering 2BHK flat in 1350 sq-ft. and it's per square feet rate will be Rs.13500. Possession has started for this project. It is good time to buy a property in Borivali West because the price has dropped by 8.5% in last one year. Boriwali West is one of the well-developed localities in Mumbai. Located between Dahisar and Poisar Rivers. It provides seamless connectivity as it is well-connected to all major areas of Mumbai city. It is a hub of the Western Railways and offers good connectivity to the Western and Harbour rail networks. Borivali’s proximity to the airport is an additional advantage for its residents.Hi, Garden Groove Phase-2 by Kamala Group located near Kanti Park, Shimpoli Road, Mumbai id offering 2BHK flat in 1350 sq-ft. and it's per square feet rate will be Rs.13500. Possession has started for this project. It is good time to buy a property in Borivali West because the price has dropped by 8.5% in last one year. Boriwali West is one of the well-developed localities in Mumbai. Located between Dahisar and Poisar Rivers. It provides seamless connectivity as it is well-connected to all major areas of Mumbai city. It is a hub of the Western Railways and offers good connectivity to the Western and Harbour rail networks. Borivali’s proximity to the airport is an additional advantage for its residents.
How is godrej Origins Vikhroli project?
Q: I Came to know from this website http://godrejoriginsvikhroli.newproject-launch.in/
Chetan Singh

My replies to this discussion
Hi, Godrej Origins, Vikhroli, Mumbai is a new launch ultra luxury residential project. Godrej Origins is a flagship project by Godrej Properties coming at Godrej Trees. This is a pre-launch project and will offer 1/1.5/ 2.5 & 3 BHK lavish homes with beautiful view. This project is spread over 34 acres of land.Hi, Godrej Origins, Vikhroli, Mumbai is a new launch ultra luxury residential project. Godrej Origins is a flagship project by Godrej Properties coming at Godrej Trees. This is a pre-launch project and will offer 1/1.5/ 2.5 & 3 BHK lavish homes with beautiful view. This project is spread over 34 acres of land.
Alibaug lavish big bungalow
Q: I want a bungalow for weekends in Alibaug

My replies to this discussion
Hi, Here are the list of Bungalow available for sale in Alibaug as per your requirement. To get more details of these properties, click this link Bungalow for sale in Alibaug 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, Here are the list of Bungalow available for sale in Alibaug as per your requirement. To get more details of these properties, click this link Bungalow for sale in Alibaug 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.
Godrej Sky Gardens Badlapur
Q: Godrej Sky Gardens is a magnificent residential project invention by Godrej Properties that is providing the excellent specifications of the luxurious way of life in the high-class residential project of 1 and 2 BHK apartment with excellent floor sizes option of 465 - 711 sq. Ft and top quality amenities.
Sohil Khan

My replies to this discussion
Hi Mansoor, Godrej Sky Gardens by Godrej properties is a MAHARERA approved project and its registration number is A51700000030.Hi Mansoor, Godrej Sky Gardens by Godrej properties is a MAHARERA approved project and its registration number is A51700000030.
do you suggest to invest in this property
Q: Hello Vishal , do you this we should invest in this property. i have heard that there is water and power problems also

My replies to this discussion
Hi, Dombivli East has a growing infrastructure. As far as I know this is due to its fast growing infrastructure and coupled of good amenities with affordability and growth potential. As such, the area offers good investment options for people who plan to invest here from a long term perspective. It also offers a decent rental yield for people looking to invest in rental accommodation. The current residential property rate in the locality is Rs. 5200-6700 per sq-ft. One can expect appreciation up-to 5-7% annually.Hi, Dombivli East has a growing infrastructure. As far as I know this is due to its fast growing infrastructure and coupled of good amenities with affordability and growth potential. As such, the area offers good investment options for people who plan to invest here from a long term perspective. It also offers a decent rental yield for people looking to invest in rental accommodation. The current residential property rate in the locality is Rs. 5200-6700 per sq-ft. One can expect appreciation up-to 5-7% annually.
What is the price range of the 2 BHK flats in Godrej Emerald Thane?
Q: Godrej Emerald Vista Coming project in Thane West Mumbai. Godrej Emerald Vista having 2 and 3BHK flats with starting price range Rs 76 Lac at Mumbai. Godrej Emerald Vista has an incredible view that accompanies a universal arrangement and prevalent imagination for an appealing lodging. To get more detail Visit godrejemeraldvista.upcomingestate.com
Rahul Kumar

My comments to replies
Hello Rahul, The builder is quoting 1.5 BHK (Garden Facing) 503 sq-ft.(Carpet Area) Rs.75.92L, 1.5 bhk (Non Garden Facing) 503 sq-ft. (Carpet Area) Rs.71.94L, 2BHK-R, 687 sq-ft. (carpet Area) Rs.1.01 Cr., 2 BHK - S, 764 (Carpet Area) Rs. 1.11 Cr., 3 BHK - R, 872 (Carpet Area), Rs.1.24 Cr and 3 BHK - S, 986 (Carpet Area), Rs.1.45 Cr. And as per the developer, booking amount will be 10% of the flat cost. The price mentioned above is all including.
Is Godrej Emerald a RERA approved project? If yes, then what is RERA Registration number? Which local body and financial institutions have approved this project? What is the current per square foot rate is going on?
20th December 2017

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