Q:
Hi there :
Currently I am looking to invest in Kolkata, India around the Rajarhat/New town area. Wondeing considering the current scenario, is it a good idea?
As I live outside India, it would be great if I can get some advice. Specially hows the area between Rajarhat Chowmatha/Rajarhat expressway?
Any advice would be helpful. Some ppl told me that there are numerous problems to invest in Kolkata, specially political turmoil and illegal land acquisition. Pls throw some light on this.
Cheers!
Q:
should i invest in lord city sonar pur?also want to know about lord group..
My replies to this discussion
Right Bhaskar,
I also heard about this project and had a word with their sales team and found that there will be well connected wide internal paved roads with proper street lighting, underground drainage system, 24x7 electricity connection, water supply, telecom and broadband connectivity and security services.Right Bhaskar,
I also heard about this project and had a word with their sales team and found that there will be well connected wide internal paved roads with proper street lighting, underground drainage system, 24x7 electricity connection, water supply, telecom and broadband connectivity and security services.
As far as locality is concerned Rajpur Sonarpur, popularly known as Sonarpur is a southern neighborhood of Kolkata, India and a municipality under Sonarpur Police Station. While they form a common municipality both the places are also identified individually. It is bounded by Baghajatin, Bansdroni to the north, Barisha, Pailan to the west, Chakberia to the east and Baruipur to the south. It is well known for being the location of the Narendrapur Ramakrishna Mission.As far as locality is concerned Rajpur Sonarpur, popularly known as Sonarpur is a southern neighborhood of Kolkata, India and a municipality under Sonarpur Police Station. While they form a common municipality both the places are also identified individually. It is bounded by Baghajatin, Bansdroni to the north, Barisha, Pailan to the west, Chakberia to the east and Baruipur to the south. It is well known for being the location of the Narendrapur Ramakrishna Mission.
Q:
Prospective buyers always queue up for suggestions from those who have recently bought a property. Which are the key points one should look for?
My replies to this discussion
is it true that before investing in real estate market it necessary to have a locality in mind?is it true that before investing in real estate market it necessary to have a locality in mind?
Q:
Hello, ever since the Terminal road has been opened for public usage, I heard that accident are happening a lot. What has happened? What has made this road so dangerous.?
My replies to this discussion
In the Traffic East's jurisdiction atleast 5 accidents are being reported every month. This is because there is no traffic lights, and also that all the containers park in the roads illegally which has become a major concern for the police.In the Traffic East's jurisdiction atleast 5 accidents are being reported every month. This is because there is no traffic lights, and also that all the containers park in the roads illegally which has become a major concern for the police.
My replies to this discussion
Hi,
I am unable to understand the issue you are facing exactly. Will you please describe so that i can give you the exact reply?Hi,
I am unable to understand the issue you are facing exactly. Will you please describe so that i can give you the exact reply?
Q:
Which are the localities offering highest rental returns in Kolkata?
Q:
what is the current status of this project in terms of Growundwork, legal paperowrk, and approvals??
Q:
I have observed that the real estate market of E M Bypass is showing great progress? I will be happy if anybody share me localities review of EM Bypass for investment in residential property?
My replies to this discussion
As per commonfloor data the average monthly rental rate of a 1 BHK in this area is between Rs 7500 and Rs 9000. To rent a 2 BHK, one will have to pay between Rs 18,000 and Rs 21,000 per month. The amounts go up to Rs 27,000-33,000 for a 3 BHK and Rs 43,000-61,000 for a 4 BHK.As per commonfloor data the average monthly rental rate of a 1 BHK in this area is between Rs 7500 and Rs 9000. To rent a 2 BHK, one will have to pay between Rs 18,000 and Rs 21,000 per month. The amounts go up to Rs 27,000-33,000 for a 3 BHK and Rs 43,000-61,000 for a 4 BHK.
Q:
I am 27 yrs old professional looking for the residential apartment, but my budget is approx. Rs 30 lakh and want to buy a property in Kolkata. I have shortlisted one project Meena Srishti by GM Group. Please suggest me whether to buy or not?
Q:
What to keep in mind when you are selling a property? How to calculate capital gain from property selling?
Q:
To attract buyers, builders are signing up celebrities to market their project.
My replies to this discussion
Hello Sir!!!!
Greenfield City by Srijan Realty Ltd. at Behala, Kolkata sprawling over a vast area of 45.69 acres. With 96 blocks 3956 units of residential apartments and 74% open space. It offers 2/3 BHK residential apartments . Sizes of 2BHK available in 774-1052 sq-ft and 3BHK are from 1056-1358 sq-ft. It's price is Rs. 3300/sq-ft. A 2BHK will cost to you Rs. 24.76 lakh to Rs. 33.66 lakh all excluding and for 3BHK it will be Rs. 33.79 lakh to Rs. 43.45 lakh.Hello Sir!!!!
Greenfield City by Srijan Realty Ltd. at Behala, Kolkata sprawling over a vast area of 45.69 acres. With 96 blocks 3956 units of residential apartments and 74% open space. It offers 2/3 BHK residential apartments . Sizes of 2BHK available in 774-1052 sq-ft and 3BHK are from 1056-1358 sq-ft. It's price is Rs. 3300/sq-ft. A 2BHK will cost to you Rs. 24.76 lakh to Rs. 33.66 lakh all excluding and for 3BHK it will be Rs. 33.79 lakh to Rs. 43.45 lakh.
My replies to this discussion
Yes, Goutam,
I have a 2BHK flat at shukhobrishti. Their maintenance fee is too high compare to their promotion. Flat original sale price may sound cheap, but main throat cutting situation will occur when you will see that, the annual flat maintenance fees are increasing more than 60% per year. If it was standard 10% increment annually. Then i would think still its ok. But their increment rate is higher than inflation, interest rate.Yes, Goutam,
I have a 2BHK flat at shukhobrishti. Their maintenance fee is too high compare to their promotion. Flat original sale price may sound cheap, but main throat cutting situation will occur when you will see that, the annual flat maintenance fees are increasing more than 60% per year. If it was standard 10% increment annually. Then i would think still its ok. But their increment rate is higher than inflation, interest rate.
Q:
I have booked a flat in Dum Dum area, Kolkata, 7 months ago paying 20% of the sale value. At the time of booking I was informed by the developer that the land is not converted (from agricultural to residential) and also no mutation has been done from BLRO. However, I was informed that these would be done in due course of time and before I apply for housing loan with banks.
The status right now stands that the mutation has been done but conversion has not been done and the developer informed that he will not do so and I have the option to cancel the booking. Also, when I approached banks for housing loan, reputed banks like SBI refused to provide loan in the absence of conversion papers. However, there are some banks and financial institutions which are ready to provide loan without conversion papers and some have in fact already approved the whole project.
Now the question is: 1) Is it advisable to go ahead with the property or cancel the booking?
2) If I go ahead with the property, would there be a problems in future (like for flat registration, flat mutation or anything else you are aware of)?
3) In future will it be possible to resale such property without any problems?
My replies to this discussion
Hi,
As i know, without conversion certificate land can not be used as a residential purpose. You builder will have to pay conversion fee to convert the land from agriculture to residential. Other wise you should ask to the builder of the receipt of the conversion fee otherwise you have to pay. Buying agriculture plot without paying conversion fee is considered as illegal.
It's best to hire a lawyer and consult him if you feel that the issue is a serious one. Plz note I'm not a person with good real estate knowledge but write my posts from whatever articles,sites i come across and also from my past buying experience of properties.Hi,
As i know, without conversion certificate land can not be used as a residential purpose. You builder will have to pay conversion fee to convert the land from agriculture to residential. Other wise you should ask to the builder of the receipt of the conversion fee otherwise you have to pay. Buying agriculture plot without paying conversion fee is considered as illegal.
It's best to hire a lawyer and consult him if you feel that the issue is a serious one. Plz note I'm not a person with good real estate knowledge but write my posts from whatever articles,sites i come across and also from my past buying experience of properties.
Q:
Hi, can i get some details of this project as i am planning for my second home.
My replies to this discussion
Thanks for the information Sunil & Arup....
What are the location advantages of this project? How is the transport facilities in the locality? Which are its nearby Railways and Metro station?Thanks for the information Sunil & Arup....
What are the location advantages of this project? How is the transport facilities in the locality? Which are its nearby Railways and Metro station?
Q:
Hi,
I m planning to buy flat in Baruipur and Can i get some useful information of this project?
Q:
We booked a flat in Kolkata that is due to be handed in early/mid 2018. However, the location feels far to us now & we want to go back on the deal. The contract says the breach would amount to some Rs.50,000 penalty.
We have paid 7lacs till now & ready to bear the 50k penalty.
My question is, will this be a smooth process or is there a chance for the builder company to cheat us or extort more than 50k? Just looking for any experience/advice on the matter before I approach the builder company regarding this. Any helpful response is appreciated.
My replies to this discussion
Hi friends!!
What is worrying for the buyers is that there is no norm that the builders are required to follow while cancelling bookings. while some builders deduct 10% of the booking amount, others quote the same figure on the cost of property. Yet others deduct up to 20%, whereas smaller developers may forfeit the entire booking amount. In your case it is clearly stated that if you cancelled your booking than Rs. 50000 will be considered as forfeited. So, better talk to builder in this matter.Hi friends!!
What is worrying for the buyers is that there is no norm that the builders are required to follow while cancelling bookings. while some builders deduct 10% of the booking amount, others quote the same figure on the cost of property. Yet others deduct up to 20%, whereas smaller developers may forfeit the entire booking amount. In your case it is clearly stated that if you cancelled your booking than Rs. 50000 will be considered as forfeited. So, better talk to builder in this matter.
