jitu jayswal,
Q: Hi..i am looking for genuine feedback of Radiance Realty developers.

My comments to replies
My review for Radiance realty: "Buying a house is an emotional journey. Radiance Realty took time to understand our requirements and explaining the steps from start to finish. Its been a pleasure sharing this journey with Radiance."
Hi All,Planning to book a 3BHK - 1788Sq Ft that has 2 balconies. I did not prefer 2 BHK as there are no cupboard provisions given in the wall. Please give your thoughts on this. They are now quoting 6999 as base price? please advice..
13th October 2015

Q: How are the developments happening in Ballabgarh-Sohna Road? Is it a good place for real estate investment?
My comments to replies
one residential gated plotted colony by the name of palli hills is comming up near SS public school on this highway i.e toll road balabgarh sohna. now on 6th sept metro planning to start upto faridbad then from badhkal chowk metro this palli hills is just 10 kms easily accessible in 20 minutes by own vehicle or by public transport. now there are chance to built a house here with just 30 lacs on 100 sq yard plot
Hey Vijay, I am keen to buy an apartment in this region. May I know something more about this project? Is this a ready to move in project?
1st September 2015

Q: Hi, Can anybody tell me the exact date of possession in Ajnara Integrity, Ph-2? Is the possession of Ph-1 is going on or not? Reply please.
Jia

My comments to replies
Hi, Why the authority has sealed 3 Buildings of Phase 2 L, M & N Towers. Is anyone there to provide me with the current updates on it?
Hey Chandra, I have discussed with Ajnara sales team and the guy told me that it is because of phase 1 open parking issue but they have resolved this issue now & there is no concern. I do not know what is the exact reason behind it.
1st February 2019

Q: Hi..what are the revised Stamp and registration charges in Madhya Pradesh ?
My comments to replies
Hi, As per the revise stamp duty and registration charges in Madhya Pradesh for the current financial year 2016-17 is 8% and 1% respectively.
Right Rishi!!!! But remember that purchasing land or residential property will now become costly in Madhya Pradesh as the stamp duty on registry of property documents which was now calculated on the basis of 0.125% of the property value is proposed to be raised to .5%. The Government wants to use the additional income that would be generated through this hike on creating jobs in the rural areas.
31st May 2016

Hi, I live in USA and need to buy a property in MP. I can travel to India in around 8 months from now, but need to buy the property before. I am planning to get power of attorney on my father's name so he could complete the transaction. Can you please tell me, would it be possible for my father to get the registration done based on Power of Attorney or do I need to visit India and then only the Power of Attorney procedure can be completed at Land Records office. Kindly suggest. Rohit
Hi Rohit, Only power of attorney is enough for buying property in India. But i want to clear few points here that any power of attorney (Special power of Attorney or General Power of Attorney) executed outside India needs authentication. So, any power of attorney executed outside India should be authenticated by a notary public of that country , the Indian consul, or by a representative of the Central Government. Such documents need to be stamped within three months from the date of receipt in India, to be payable at the district registrar's office. The attestation of power of attorney is not compulsory . However, it is advisable to get the document attested by two witnesses.
23rd November 2016

Q: Hi, I heard that the DDA is now online and the procedure have been simplified.
My comments to replies
In case of any legal issue, how online procedure can help me? Does that imply that a real estate broker has nothing to do in the new plan of registration?
Hi Bachu, This e-registration process details all your online transaction related to property. This will help you by providing sufficient evidence in case of any legal issue. All transaction details related to your property registration will always be available online.
9th September 2015

Q: HI, Now a days a news comes to hear that REITs can be a boon for the industry to tap into structured, institutional sources of funding. Can anybody tell me how?
My replies to this discussion
Hey Sarith...... Don't be so pessimistic. The current tax system for REITs in India leads to multiple levels of taxation, as a result of that contrarily affecting the yield to investors and making REITs unattractive for investment. For REITs to become mainstream vehicles for large nos of investors, it is essential to get the tax regime for REITs in India at face value with the international tax system.Hey Sarith...... Don't be so pessimistic. The current tax system for REITs in India leads to multiple levels of taxation, as a result of that contrarily affecting the yield to investors and making REITs unattractive for investment. For REITs to become mainstream vehicles for large nos of investors, it is essential to get the tax regime for REITs in India at face value with the international tax system.
Q: Hey I want all information about 2 BHK apartments in Brigade Sparkle in J P Nagar. Please give true information.

My comments to replies
How is the social infrastructure in this locality and how is the development?
Hey Peeps!!! Can anyone please let me know what all educational institutions are available near by?
16th May 2016

Q: Easy process taken by DDA to reduce confusion among property Buyer & Seller.

My comments to replies
In case of any legal issue, how online procedure can help me? Does that imply that a real estate broker has nothing to do in the new plan of registration?
Hi Bachu, This e-registration process details all your online transaction related to property. This will help you by providing sufficient evidence in case of any legal issue. All transaction details related to your property registration will always be available online.
10th September 2015

Q: There will be no direct allotment of land to individual.

My comments to replies
Hi Guys, Have you heard propelling another mission and policy for housing for all in urban zones, Odisha Chief Minister Naveen Patnaik announced that land would be gave free of expense to economically weaker sections, low income groups and slum occupants to develop houses???
Hi Guys, As per the current news, with a perspective to secure the slum occupants, the policy gives definite rules and Standard Operating Procedure to be obeyed while expelling the ghetto occupants for development of houses for them or for development of street or other basic public infrastructure.
14th October 2015

Q: Capital of Odisha (Bhubaneswar) & Major Industrial area (Rourkela) are nominated to be smart city in Odisha.

My comments to replies
Hi Guys, Have you heard propelling another mission and policy for housing for all in urban zones, Odisha Chief Minister Naveen Patnaik announced that land would be gave free of expense to economically weaker sections, low income groups and slum occupants to develop houses???
Hi Guys, As per the current news, with a perspective to secure the slum occupants, the policy gives definite rules and Standard Operating Procedure to be obeyed while expelling the ghetto occupants for development of houses for them or for development of street or other basic public infrastructure.
14th October 2015

Q: I have visited few projects in bachupally like APR Pranav Antilia, Sukruthi projects etc. Can you please advise which is the better propoerty for a Villa and what is the ongoing price?

My comments to replies
This is a nice project, location and quality of construction is also good. does anyone know what dates they are giving for possession and completion of this project.
For more update on this project visit : Praneeth APR Pranav Antilia in Bachupally
15th October 2015

Q: Planning to buy a plot in this project. What are the sizes and is there properties available?

My comments to replies
Earth Homes is a very good project from KG. They have 1, 2 and 3 bhk. Sq.ft starts from around 600. I think homes are still available. Better you enquire soon.
KG earth come into affordable segment of the builder and offer 2, 3 bhk unit within low costing. 2 BHK unit come into 31.5 lac. As far as localities is concerned, project located in siruseri and currently average price is approx 4000 to 4100 per sq ft. which is showing positive trends for this location.
15th October 2015

Q: Hi, I am 30 years old professional and my monthly salary is Rs 55,000 and also I have some savings. Now I am looking to invest in a property. I have just seen the advertisement of Karan Suncoast, anyone have idea about this project?

My comments to replies
Very interesting insights. Thanks for your valuable inputs.I have HDFC bank account and I want to take a loan from HDFC. Is builder tie up with this banks, If not which other banks project got necessary approvals?
@ Bashir, At the time of booking, you have to pay 20% of the BSP. It would be around 10 lakhs for 2 BHK unit of 1000 sf ft. Initially, in advance, you have to pay 2 lakh and rest at the time of booking. Within one month you have to 20% and rest 80% is according to the CLP plan.
11th December 2015
Hi, I my opinion you should proceed with this location. It is one of the upcoming areas in terms of residential real estate market. To know more about Market trends Bavdhan visit here: https://www.commonfloor.com/how-to-reach-karan-suncoast-pune-direction-location/prdl-275nkc
11th December 2015

Q: December 15 deadline is coming to an end as not a single state has submitted its smart city plan.

My replies to this discussion
The only reason is that the senior officials handling the smart city projects in at least 5 states and as per them the difficulty arises from a phrase "compact area'' in the guidelines. As per the Smart City Mission and guidelines say that the focus should be on sustainable and inclusive development and the idea is to look at compact areas, create a carbon copy which will act like a light house to other potential cities.The only reason is that the senior officials handling the smart city projects in at least 5 states and as per them the difficulty arises from a phrase "compact area'' in the guidelines. As per the Smart City Mission and guidelines say that the focus should be on sustainable and inclusive development and the idea is to look at compact areas, create a carbon copy which will act like a light house to other potential cities.
My comments to replies
The only reason is that the senior officials handling the smart city projects in at least 5 states and as per them the difficulty arises from a phrase "compact area'' in the guidelines. As per the Smart City Mission and guidelines say that the focus should be on sustainable and inclusive development and the idea is to look at compact areas, create a carbon copy which will act like a light house to other potential cities.
@Supratim, Many states raised the issue at the workshop in November but were told that the Centre's explanation of ''compact area'' would need to be followed. When contacted an urban development ministry official they told that 'compact area' means adjacent area not connected area. They are insisting on Physical nearness because smart areas in these cities would be repeated all over the city.
9th December 2015

Q: Year 2015 witnessed limited new supply of apartment projects across Mumbai Metropolitan Region (MMR) continuing with the trend of the previous year.

My replies to this discussion
@Vinu, The micro markets of Chembur, Andheri West and East have garnered significant consumer interest in the last couple of years due to major enhancement in connectivity. While Andheri West and East witnessed an improvement in connectivity due to the commencement of metro train last year, Chembur witnessed the commissioning of the eastern freeway and first phase of monorail. These infrastructure projects significantly improved the connectivity of these areas with other key business hubs in Mumbai, thereby resulting in growing demand for housing in these areas.@Vinu, The micro markets of Chembur, Andheri West and East have garnered significant consumer interest in the last couple of years due to major enhancement in connectivity. While Andheri West and East witnessed an improvement in connectivity due to the commencement of metro train last year, Chembur witnessed the commissioning of the eastern freeway and first phase of monorail. These infrastructure projects significantly improved the connectivity of these areas with other key business hubs in Mumbai, thereby resulting in growing demand for housing in these areas.
My comments to replies
Hi Folks, As far as real estate activity is concerned, which areas in Mumbai performed good? Is there any which is good for it affordability factor?
Hello Shaina, Many Mumbai suburbs such as Andheri, Malad, Borivali, Chembur and Kanjurmag witnessed a good real estate activity. Areas such as Malad, Borivali and Kanjurmarg witnessed growth in apartment supply due to relative affordability. However, the residential real estate activity in central suburbs of Andheri East and West, and Chembur is significant considering the fact that property prices in these micro markets are considered high.
14th December 2015

Q: Yes, it is consider as 7 years high and much of this has come in via the private equity route and borrowings through non-convertible debentures.

My replies to this discussion
Hi Bachu, It is estimated that Rs 30500 crore, of NCDs till November 2015 and the tally is already up by 74% over last year's Rs 17600 crore.Hi Bachu, It is estimated that Rs 30500 crore, of NCDs till November 2015 and the tally is already up by 74% over last year's Rs 17600 crore.
My comments to replies
Hi Bachu, It is estimated that Rs 30500 crore, of NCDs till November 2015 and the tally is already up by 74% over last year's Rs 17600 crore.
Now, it is hard to see how builders are going to be able to refinance what they have borrowed through NCDs, since banks are not readily lending to the sector. What some developers are doing is to unload in bulk to PE players at a big discount.
14th December 2015

Q: This move will likely to see a rise in realty rates in the suburbs of Maharashtra.

My comments to replies
Right Sasidharan, The state hopes to mop up around Rs.3500 crore to Rs.4000 crore with the move and the premium received will be shared equally between the state government and the civic body.
But developers are saying that additional FSI will increase in property rates in the suburbs, as the additional FSI works out in the range of Rs.4000 to Rs.12000/sq-ft. And as a result this cost will get passed on to the buyers. While the realty markets are already slow and this further increase in rates is likely to as a challenge.
15th December 2015
@Sandeep, There should not be any additional FSI. Because, this will increase project costs and developer will have to force to increase the selling rates. In March, they had already proposed to increase the FSI for suburbs and a notice was issued to hike FSI by 0.60. However, after going through suggestions and objections from the public, the FSI was hiked by 0.50. Now, once again.....
15th December 2015

Q: Banks may now give home loans for Rs 1 crore for 30 years.

My comments to replies
Yes, Banks have turned active in giving out home loans for as long as 30 years for the first time since 2008 credit crisis as they are trying to revive demand in high-end home purchases which has come to a stop in the top 6 cities.
Hi Ankur, It is realy a good move. Recently, banks were lending for homes with a maximum period of 20 yrs. since anything beyond that was considered risky as the ability to repay lessen. Two of the largest mortgage lenders banks such as State Bank of India and Housing Development Finance Co -are leading the push.
17th December 2015

Q: Many US-based non-resident Indians are considering selling their property in India even at a discount.

My replies to this discussion
Even i was reading an article today that India and the US recently agreed to implement the US Foreign Account Tax Compliance Act ( FATCA), a law aimed at ensuring that tax is paid on income generated from wealth parked overseas. Under the agreement, they would share information about citizens with assets in each other's countries.Even i was reading an article today that India and the US recently agreed to implement the US Foreign Account Tax Compliance Act ( FATCA), a law aimed at ensuring that tax is paid on income generated from wealth parked overseas. Under the agreement, they would share information about citizens with assets in each other's countries.
Q: I am looking to buy a 2 or 2.5 BHK in Rustomjee Elanza. Please let me know if it is available and who I should contact.

My comments to replies
Hi Suhail, if you are looking for a bigger space and at good prices then do look at Kirishna Residence : http://www.vijaykhetangroup.com/portfolio-items/vkg-krishna-residences/ They are located in Andheri east.
Hi Suhail, What all sizes available in 2BHK in Krishna Residence and what will be the cost all inclusive? How is the locality? Is it good for end use? Kindly reply...
29th January 2016

Q: Of the total residential area under construction across 25 cities around 3.2 billion sq-ft. or 34% of total is delayed by over 12 months.

My replies to this discussion
Hoping, that the new real estate regulatory bill, once it is cleared by the Parliament, is likely to improve transparency and accountability which will eventually improve reduction in delays.Hoping, that the new real estate regulatory bill, once it is cleared by the Parliament, is likely to improve transparency and accountability which will eventually improve reduction in delays.
At the same time, this bill will have a positive impact on the Indian economy as it would provide confidence to foreign investors. As far as responsibility for delay is concerned, it lies both with the developer and the Government authorities. Thus, if we look at the larger picture, the delays in execution also have a negative bearing on India's GDP.At the same time, this bill will have a positive impact on the Indian economy as it would provide confidence to foreign investors. As far as responsibility for delay is concerned, it lies both with the developer and the Government authorities. Thus, if we look at the larger picture, the delays in execution also have a negative bearing on India's GDP.
My comments to replies
Hoping, that the new real estate regulatory bill, once it is cleared by the Parliament, is likely to improve transparency and accountability which will eventually improve reduction in delays.
It's true Ravindra, On the positive side, compulsory disclosures and registration that are part of the bill will ensure transparency, while taking responsibility in case of any unwarranted changes in the process will ensures accountability.
18th December 2015

Q: The company has sold 4-acre land parcel to DK Realtor, a subsidiary of Dheeraj Realty.

My replies to this discussion
But i heard that Dheeraj Realty has already launched a residential project on this plot. Are they talking about the same project?But i heard that Dheeraj Realty has already launched a residential project on this plot. Are they talking about the same project?
Q: Dombivli builder Jagdish Wagh in a letter to CM Devendra Fadnavis mentioned that has claimed that Chavan and Gharat have been harassing him and extorting money from him by creating obstacles in his projects.

My comments to replies
Allegation made on MLA Ravindra Chavan and KDMC's additional commissioner Sanjay Gharat by Dombivli builder Jagdish Wagh and ask help from Maharashtra CM, Devendra Fadnavis, else he will also have to take extreme steps like Thane builder Suraj Parmar.
As per Dombivli builder, KDMC issued a notice and asking for a payment of over Rs 3 crore as a property tax dues. He has claimed that Chavan and Gharat have been harassing him and extorting money from him by creating hurdle in his projects. He also claimed that Chavan had threatened him and encroached on his flat in Dombivli, where the latter resides with his family. Chavan has also been using his two cars and refusing to return them.,
23rd December 2015

According to builder Jagdish Wagh, two years ago, he met Chavan's brother Sanket and decided to join hands with him in a land deal. The deal was for Rs 15 crore, of which he was supposed to pay Rs 7.5 crore and Sanket Rs 7.5 crore. But Sanket paid only Rs 2.5 crore.
It seems like a Bollywood story. I don't know what is exactly happened in this case but one thing is sure it is a matter of money nothing else.
23rd December 2015

Q: Mumbai Metropolitan Region Development Authority has decided that Metro-II corridor will be elevated and not underground.

My replies to this discussion
And as per the latest news, The DMRC will build Phase-1 of the corridor from D N Nagar to Dahisarat a cost of Rs 6410 crore and Phase-2B from D N Nagar to Mankhurdat a cost of Rs 15000 crore.And as per the latest news, The DMRC will build Phase-1 of the corridor from D N Nagar to Dahisarat a cost of Rs 6410 crore and Phase-2B from D N Nagar to Mankhurdat a cost of Rs 15000 crore.
Q: These locations in and around bigger cities are starting to see interest from private equity funds and non-banking finance companies as realty is these locations appear to be finding takers in slow markets.

My replies to this discussion
Hi David, These locations are still seeing end-use transactions happening at a good pace. They have the kind of ticket size that is affordable and selling in this slow market. It is where the volumes are and that is why it makes sense for institutional investor to come in.Hi David, These locations are still seeing end-use transactions happening at a good pace. They have the kind of ticket size that is affordable and selling in this slow market. It is where the volumes are and that is why it makes sense for institutional investor to come in.
My comments to replies
But if there is a project which is being done by a professional group, is offering a value for money product and is surrounded by social and physical infrastructure, then in spite of being in a tier II location, it is seeing consistent end-user demand.
Hello Madhuparna, Apart from these locations, funds and NBFCs have their eyes on other such areas where land and property prices have not seen a so much growth over the past few years. Much of the demand for growth capital today is coming from projects in such locations.
31st December 2015
These localities have become hot destinations for investors today. Infrastructure is getting created in these locations. there is a supply-demand mismatch today in cities such as Gurgaon, but sales are happening in locations on the outskirts where there is good infrastructure available and where affordability matches demand.
31st December 2015

Q: pls suggest me that which option I should opt & Which will give good return in future ,which project is better construction wise, ammenitiesn also?

My comments to replies
Hi Malay, I think you should also check Krishna Residence because the project is ready-to-move in few coming months. One of friend has booked 2 bhk at awesome pirce.
Hi Nitin, Where is the project strategically located and how is the neighborhood? Is the locality good for family living? What will be the cost of 2BHK all inclusive?
29th January 2016

Q: The Brihanmumbai Municipal Corporation has a New Year gift for builders and real-estate developers.

My replies to this discussion
Yes, it has not only reduced the number of permissions required for building construction from 119 to 58, but also reduced the time to acquire them to 60 days.Yes, it has not only reduced the number of permissions required for building construction from 119 to 58, but also reduced the time to acquire them to 60 days.
My comments to replies
Hi everybody, It means that the number of days required to get these permissions will also reduce from a year to two months.
Earlier, there were 89 steps for an individual free to be carried out at different stages at different offices. Builders can now carry out a self-certification through consultants of internal sewage or water supply systems.
5th January 2016

Q: Bombat High Court said that slum rehabilitation scheme cannot be implemented on a large plot of land near the Juhu aerodrome without the Airports Authority of India's permission.
My comments to replies
This news came into existence while a bench of Justice Abhay Oka and Justice C V Bhadang hearing a PIL filed by activist Babu Jagtap, whose contention is that a builder, Cosmos Realty Pvt. Ltd., in conspiracy with officers of BMC and the Slum Rehabilitation Authority is trying to develop a 22400 sq-mtr property.
Good m orning Sishir, In petition it was also mentioned that portion of the plot was encroached by hutments, which came to be called Indira Nagar and Nehru Nagar and that the property is reserved in the Development Plan for public purposes. While the land is required by the AAI considering the shortage of space for the airport.
6th January 2016

Q: As per them, proper planning needed to ensure social rehabilitation of slum dwellers.
Gurmeet

My replies to this discussion
Yes, they are saying that a host of economic activities such as pottery and leather business in these settlements will be affected unless a proper rehabilitation plan is developed. The area is also home to a host of small-scale industries.Yes, they are saying that a host of economic activities such as pottery and leather business in these settlements will be affected unless a proper rehabilitation plan is developed. The area is also home to a host of small-scale industries.
My comments to replies
Yes, they are saying that a host of economic activities such as pottery and leather business in these settlements will be affected unless a proper rehabilitation plan is developed. The area is also home to a host of small-scale industries.
Seeing the locality and its infrastructure development, Dharavi's location would command enough premium to earn profits especially when island city does not have any other land parcel of its size.
11th January 2016

Q: The firms and their directors are asked by the Capital markets regulator Sebi to refund the money along with an interest of 15% per annum.

My replies to this discussion
There are allegation on both of them that they had illegally raised by issuing preference shares. Besides, Securities and Exchange Board of India has also banned the companies and their directors from the capital markets for 4 yrs.There are allegation on both of them that they had illegally raised by issuing preference shares. Besides, Securities and Exchange Board of India has also banned the companies and their directors from the capital markets for 4 yrs.
Q: Real estate laws and many judgments delivered by the Supreme Court have mandated the registration of sale agreement.

My replies to this discussion
@Saras, And the disadvantages of not registering a sale agreement was specifically highlighted by the apex court in its judgement in the TG Ashok Kumar Vs Govindammal case in 2010. Where an unethical property developers enter into agreements of sale and take huge advance money, and then sell the property to others, thus, pushing the original agreement holder and the future purchaser into litigation. Registration of agreements of sale will reduce such litigation.@Saras, And the disadvantages of not registering a sale agreement was specifically highlighted by the apex court in its judgement in the TG Ashok Kumar Vs Govindammal case in 2010. Where an unethical property developers enter into agreements of sale and take huge advance money, and then sell the property to others, thus, pushing the original agreement holder and the future purchaser into litigation. Registration of agreements of sale will reduce such litigation.
My comments to replies
@Saras, And the disadvantages of not registering a sale agreement was specifically highlighted by the apex court in its judgement in the TG Ashok Kumar Vs Govindammal case in 2010. Where an unethical property developers enter into agreements of sale and take huge advance money, and then sell the property to others, thus, pushing the original agreement holder and the future purchaser into litigation. Registration of agreements of sale will reduce such litigation.
It is very clear with the Property registration act that If all agreements of sale are compulsorily registered that will go a long way to discourage generation and circulation of black money in real estate matters, as also undervaluation of documents for purposes of stamp duty.
19th January 2016

Q: The days after hitting realtors for constructing housing union without environment clearance, the supreme court asked Delhi, UP and Haryana to detail action taken against builders who failed to obey to rules for controlling dust pollution at their sites.
My comments to replies
And because of that three states decided to take strict action against those builders. As many as 172 notices were issued to different builders. The maximum penalty for construction laws violation was a only Rs 50000 which was peanuts for a big builder and not a deterrent.
While a bench headed by Chief Justice T S Thakur did not agree and said If the fine is recurring and imposed every day, it would make the builder nicely follow the dust control rules. But, the problem is that the inspectors are not douing their job properly.
22nd January 2016
Well Sishir, If Environment Protection and Control Authority makes a report and points out lapses on part of the inspecting officers from statutory authorities, they will immediately order suspension of such officers.
22nd January 2016

Yet, the counsel for UP and Haryana could also not give details of action taken against builders for violating the CPCB norms on construction. The bench asked EPCA to make surprise checks at various construction sites in the three states enlisiting help from voluntary organisations and file a detailed report before the court.
Hi Tamal, The bench also asked the state governments to file status report on the action taken by their statutory authorities, including state pollution control boards, against errant builders by the next date of hearing on February 16.
22nd January 2016

Q: The Central government today announced the names of the 20 smart cities and towns that will be developed in the first phase.
My comments to replies
Hi Abhishek, Here are the names of first 20 Smart Cities announced today include: 1) Ahmedabad, 2) Belagavi, 3) Bhopal, 4) Bhubaneswar, 5) Chennai, 6)Coimbatore, 7) Davangere, 8) Guwahati, 9) Indore, 10) Jabalpur, 11) Jaipur, 12) Kakinada, 13) Kochi, 14) Ludhiana, 15) New Delhi Municipal Council (NDMC), 16) Pune, 17) Sholapur, 18) Surat, 19) Udaipur and 20) Vishakapatnam.
It's really a good news. I watched the news yesterday evening and want to share some useful information on it such as a total investment of Rs 50802 crore has been earmarked for the development of these cities and towns over a period of 5 yrs, of which, Rs 38693 crore will be spent on area development and Rs 12109 crore on a total of 56 pan-city solutions.
29th January 2016

Hi Jitu, Now the property prices in these cities will increase soon after this announcement. The selected cities will be equipped with basic infrastructure, efficient urban mobility and public transport, IT connectivity and e-governance mechanisms. I am very confident that this announcement will further accelerate the transformation of cities into smart cities and will witness very significant investments in coming days.
It seemed to me that the Smart City Challenge Competition was as hard and demanding as the civil services examination conducted by UPSC. It is cheering up to note that New Delhi's smart city proposal has been shortlisted in the first 20 list of cities to be funded.
29th January 2016

Q: CIDCO will open financial bids for pre-development work of the proposed Navi Mumbai International Airport in the next 15 days.

My comments to replies
Yes, and CIDCO is just waiting for go ahead from the project monitoring and implementation committee an agency formed by the civil aviation minister for faster implementation of projects and the state govt.cabinet.
Hi Dayanand, It is said that the airport will spread an area of 2867 acres with a terminal building of 523000 sq-mt and 2-runways. This Rs.14573-crore project is seen as a crucial optional to the crowded airport in the city.
11th February 2016

Q: Hi All, I am shortly going to register my flat of 1700 sq ft on ground floor, costing around 70 Lac. Is there any exemption for women in stamp duty, if yes then how much? Thanks, Neha

My comments to replies
Hi Neha, But remembered that if the property is purchased from the money gifted to your wife by her parents(In the name of Stridhan or with any other meaning) or received from any relative then you cannot claim the benefit of deduction.
HI Piyush, I agree with you. And if you buy a house in your wife's name, but she does not contribute monetarily to the purchase, the rental income from this property will be treated as your income and taxed at the applicable rate.
19th February 2016

Q: Hi, We are planning to buy a property in Ernakulam . We have two options . One at chernalllor , edapally on nh17 for 4250/sqft. The other one at kakkanad near 200m from info park on info park road at 4000/sqft .Kindly help us in making the decision .

My replies to this discussion
The property prices in this area are relatively higher than other surrounding localities. But, Edappally is one of the most developed localities in Kochi. In this locality, you will be living in close proximity to shopping malls, super-specialty hospitals, and parks. The only problem in this locality is traffic :)The property prices in this area are relatively higher than other surrounding localities. But, Edappally is one of the most developed localities in Kochi. In this locality, you will be living in close proximity to shopping malls, super-specialty hospitals, and parks. The only problem in this locality is traffic :)
My comments to replies
The property prices in this area are relatively higher than other surrounding localities. But, Edappally is one of the most developed localities in Kochi. In this locality, you will be living in close proximity to shopping malls, super-specialty hospitals, and parks. The only problem in this locality is traffic :)
I would suggest you to go for Edappally but you can also look for other localities and take advice from real estate experts :)
4th March 2016

Q: During the initial change after the real estate regulatory bill comes to force, there will a liquidity issues for the real estate developers, particularly for the small players.

My replies to this discussion
That is not the only issue that a developer has to face, once the passing of the bill in the upper house, restriction on sales without registration of a project and restriction on acceptance of deposits without registering the agreement for sale may also create funding troubles for the builders.That is not the only issue that a developer has to face, once the passing of the bill in the upper house, restriction on sales without registration of a project and restriction on acceptance of deposits without registering the agreement for sale may also create funding troubles for the builders.
My comments to replies
That is not the only issue that a developer has to face, once the passing of the bill in the upper house, restriction on sales without registration of a project and restriction on acceptance of deposits without registering the agreement for sale may also create funding troubles for the builders.
It's true but on the other hand, real estate sector will be transparent for the buyers. The bill also requires builders to register their projects with regulatory authorities disclosing details of promoter, schedule of implementation, layout plan, land status, status of approvals, agreements along with details of real estate agents, contractors, architects, structural engineers, etc.
15th March 2016

Q: The problem is there are some clear differences between RERA and the states laws, which will affect the interest of the home buyers directly.
My replies to this discussion
Hi all, But it is important to remember here that the act comes under the limit of the Concurrent list and thus both the Union and the states can legislate. This can create confusion as most states have their own real estate legislation.Hi all, But it is important to remember here that the act comes under the limit of the Concurrent list and thus both the Union and the states can legislate. This can create confusion as most states have their own real estate legislation.
My comments to replies
Hi all, But it is important to remember here that the act comes under the limit of the Concurrent list and thus both the Union and the states can legislate. This can create confusion as most states have their own real estate legislation.
You are right Vivek. The new Real Estate Act does not automatically amend the Karnataka Apartment Owners Act."Section 88 and 89 of the RERA says the provisions of the Act will be in addition to and not in derogation to any other law that is presently applicable. Therefore, the Real Estate Act is not in contravention of the Karnataka Apartment Owners Act or any other State Act, but an addition to these acts
25th March 2016

Q: Flat buyers in BPTP's Park Serene in Sector-37/D, launched in 2008 and scheduled for delivery in 2011.

My replies to this discussion
Yes, Their team inspected the site and gave necessary direction to the developer. And they assured the homebuyers that issue will be resolved as soon as possible. Small issues like buyer's name in allottee letter, transfer of possession, etc. were resolved.Yes, Their team inspected the site and gave necessary direction to the developer. And they assured the homebuyers that issue will be resolved as soon as possible. Small issues like buyer's name in allottee letter, transfer of possession, etc. were resolved.
My comments to replies
Yes, Their team inspected the site and gave necessary direction to the developer. And they assured the homebuyers that issue will be resolved as soon as possible. Small issues like buyer's name in allottee letter, transfer of possession, etc. were resolved.
It's really very painful moment for them. Most of them bought flats against bank loans, and have incurred heavy financial loss due to delay in possession, because of the interest they have been paying on the loan along with the houses rent. Most of the buyers have paid up to 95% of the price, including charges for car park, clubhouse etc. by June 2011.
1st April 2016

Q: The step has been taken to take some load off the staff who are working till late in the night.
My comments to replies
It is true Anil, and homebuyers whose papers are cleared by the Noida Authority before 1st April, will get a 4 month extension to get their properties registered without having to pay the 2% hike in stamp duty.
Hi Mukhesh, Actually, this move is meant to accommodate the maximum number of homebuyers in the registry process. This relief will not be applicable to homebuyers whose papers are not cleared by the Authority by 1st April.
5th April 2016

That's great Jitu.... Those who have registered their property in Noida, they know it very well that getting a property registered is a 3-step process which includes getting the possession papers from the builder representative, then submitting it to the Authority officials who verify the papers and decide the stamp duty fee after executing a registry deed and then finally getting it registered with the stamps and registration department officials after paying the fee. The whole process takes place in the registry office in Sector-33.
As per Noida Authority, the total registries done so far is reported to be around 5000. As a result, the state treasury is estimated to have earned a revenue of Rs 100 crore through stamp duty and registration charges.
5th April 2016

Q: What is the status of the Purva Primus Offices. Will it ever be given to the buyers. ?

My replies to this discussion
Hi Sachin, Have you booked an office space in Purva Primus, can you share the price details and size of the office space units?Hi Sachin, Have you booked an office space in Purva Primus, can you share the price details and size of the office space units?
Q: Hi, I have booked flat in Amrapali Centurian Park Tech zone IV, possession (low rise). Booking was done in 2010. But on the name of possession builder is lying. Every time I meet them they says in next 6 month you will get it. Last week (10-may-2016), I visited the flat and surprised to see that construction is stopped from last 5-6 months. Only flat skeleton is there. By looking into situation it seems it won't be ready in next 2 years also. I want to file a legal case on builder. If there is any buyers association please link me with them. I am struggling a lot as I am paying rent and EMI both.
My replies to this discussion
Hi friends!!!! It is total lawlessness on part of Government that such builders are misusing so much of public money easily. I have booked my flat in 2010 in Golf Homes but still after 6 yrs , no rays of hope for delivery. Even they don't care for builder-buyer agreement. Builder Buyer agreement is totally one sided for them. God knows when any regulator like SEBI/TRAI will come in real estate sector.Hi friends!!!! It is total lawlessness on part of Government that such builders are misusing so much of public money easily. I have booked my flat in 2010 in Golf Homes but still after 6 yrs , no rays of hope for delivery. Even they don't care for builder-buyer agreement. Builder Buyer agreement is totally one sided for them. God knows when any regulator like SEBI/TRAI will come in real estate sector.
My replies to this discussion
Hi Om, I visited the project site and had a opportunity to talk with the site engineers, they told me that nothing is in their hand, whatever LDA decides, they do and they also refuse to foresee anything materializing anytime soonHi Om, I visited the project site and had a opportunity to talk with the site engineers, they told me that nothing is in their hand, whatever LDA decides, they do and they also refuse to foresee anything materializing anytime soon
Q: I work as a bank employee in Ghaziabad and have couple of kids 5 years & 1 year. After completing my MBA from IMS noida in 2004 have been working with multiple financial brands selling their mutual fund / insurance/ account. Coming from a town of MP had no option but to live in rented flats from the beginning of my career. 4+ years back I started exploring the option of buying a flat in noida area & that is when my search of flats / under construction flats started happening, coincidentally my brother in law who works with HCL as a Sr. Developer also began the hunt in the same time. I chose Gaur City project Avenue 1 while my brother in law chose another builder 'X' project in the Noida area (not taking any name as my agenda is not to defame any one). The construction & stuff started at the same time. Before finalizing on the flat we read tones of stuff on web and felt that no builder is to be trusted, even Gaursons. Gradually we realized delivery of possession has been challenge, customer service has been arrogant, builders do al kind of manmaani in terms and condition and many other aspects which just made us jittery on whether we should buy or rather happily live in the rented flat. However despite reading through all the negative stuff about the builders as we had to see we did buy. Today after 4 years my Brother in law is still struggling to get the flat as honorable court has passed some judgment against the flat that he had invested his life in, while am living in my flat for last couple of year happily, the flat was delayed by an year I guess. But when I look at my brother in law I feel it’s perhaps so important to understand the builder’s previous credential before buying in. In retrospective, where I feel my decision went right was when I chose to physically check through the property delivered by the same builder in last 1-2 years. It’s very easy to defame anyone thanks to internet if bunch of people want to do that and it’s even easier in such a competitive market of real estate. While evaluating the recent projects I realized that there were just couples of builders with whom I can risk my lives income, and fortunately decision went right. The previous projects delivered by Gaurson were better quality wise and even price was comparable. They didn’t have much hassle in the possession timelines and most importantly they have always been on the right side of the law. The current project where I’m putting up now has given us 85% satisfaction while there are some 15% areas of improvement but I feel that’s fine as 100% expectation is crime in this market. I chose to write this article as I often read stuff people claiming how builder tortured them in some form or another, but no one writes good if you are a happy customer, it’s our equal responsibility to write good stuff too. So I won’t say Gaursons is the best builder but if you shortlist builders by seeing their projects it enable a more rational decision making.
My replies to this discussion
Hello friends!!1 Everything is fair in current market situation. Even if u don't get apartment in next 5 yrs, that is also more than normal. I have visited Gaur Yamuna City last month. Work on the towers are going on in good pace. Tower-H as mentioned, will expect demand soon. 5th floor slab is being laid. Gaursons has done beautiful landscaping around the lake area which looks very pleasing. I just received 9th Instalment for completion of 22nd Floor roof slab from Gaursons....mine flat is in Block-FHello friends!!1 Everything is fair in current market situation. Even if u don't get apartment in next 5 yrs, that is also more than normal. I have visited Gaur Yamuna City last month. Work on the towers are going on in good pace. Tower-H as mentioned, will expect demand soon. 5th floor slab is being laid. Gaursons has done beautiful landscaping around the lake area which looks very pleasing. I just received 9th Instalment for completion of 22nd Floor roof slab from Gaursons....mine flat is in Block-F
Q: How much is the carpet area of villaments offered and what will be the price of the same? Is it a BBMP approved project? What is the total development area?
My replies to this discussion
How is the reputation of the builder Inner Space? Is it a good idea to go with this builder?How is the reputation of the builder Inner Space? Is it a good idea to go with this builder?
How is the rentals, proximity to social infrastructure in Hosa Road?How is the rentals, proximity to social infrastructure in Hosa Road?
Q: I have purchased a office space in earth beta tech office spaces. The company has not delivered the project in time. Unfortunately the work on the project has been stopped and the company is also not issuing the cheques as promised. I want to know about the future prospects of this company.
My comments to replies
Hi Farooq, I understand your problem and i always advice to buyers and investors that before booking any property either its residential or commercial, read out all the clauses of the agreement and if possible then verify it by a legal expert, check all the legal approvals, check the track record and fund strength of the builder, location advantages, connectivity to the other parts of the city, civic issues, civic amenities from the project site and transport facilities in the locality and then proceed further. Because money once goes will never come back easily.
You are right Sai.......Even I have a problem with the Builder. I have paid 80% amount for office space in Earth Beta Tech and he was suppose to give 1% assured return till he offers possession. Since Sep 2015 he is not giving any the amount & not responding properly. Even I want a take a legal action against him. But don't know how?
2nd August 2016

Q: Hi, i am looking for a 2BHK flat in Nanis Vedant Platinul but before that i would like to know about the builder from the existing buyers of this project?
My replies to this discussion
Thanks Diwakar, Can i get some useful information such as flat sizes, its rate and possession date?Thanks Diwakar, Can i get some useful information such as flat sizes, its rate and possession date?
My comments to replies
Thanks Diwakar, Can i get some useful information such as flat sizes, its rate and possession date?
@Diwakar, What about its approval and which all banks are funding this project? Is there any 2BHK available for booking?
25th August 2016

Q: I am awaiting for a single response from the builder Ms Manwani and family since 2012. Bharat s/o Manwani does not pickup the phone calls. Mr Jaiswal from whom we purchased the deal in 2012, doesnt stays in India. HIGHLY UNPROFFESSIONAL. Will write more if reqd. Awaiting call back.

My replies to this discussion
Hi Nileash!! Did you ever visited the developer's office? Have you got your flats possession? I think you should once visit the developer's office and ask for the necessary information about the project. If you still didn't get any positive response from them, involve a lawyer and file a consumer case.Hi Nileash!! Did you ever visited the developer's office? Have you got your flats possession? I think you should once visit the developer's office and ask for the necessary information about the project. If you still didn't get any positive response from them, involve a lawyer and file a consumer case.
Q: Elevation & layout plan is excellent. Rate is somewhere around 11000

My comments to replies
It seems like a promising project. What are the amenities they are providing? And the rental yields?
Hi Neil, Acme Avenue amenities:- club house, swimming pool, world class cardio gym, video door phone, children's play zone, multi level car parking, car entry through scanner at main gate, net cricket etc. As Kandivali is well developed locality and has excellent connectivity to the other parts of the city. There is a high growth of residential property in the locality as well as rental yield.
9th December 2016

Q: Good place to invest. There are lots of projects in GB road but my first preference will always be Acme. Pricing, construction quality & possession matters the most.

My replies to this discussion
Hi, Have anyone recently bought any flat in Centilia? I was looking for a 2BHK. I am new to this. I liked the project i.e. Acme Ozone Phase 2. Can any one provide me some info on it?Hi, Have anyone recently bought any flat in Centilia? I was looking for a 2BHK. I am new to this. I liked the project i.e. Acme Ozone Phase 2. Can any one provide me some info on it?
Q: Good place to invest. There are lots of projects in GB road but my first preference will always be Acme. Pricing, construction quality & possession matters the most.

My replies to this discussion
Hi, Hi, Have anyone recently bought any flat in Centilia? I was looking for a 2BHK. I am new to this. I liked the project i.e. Acme Ozone Phase 2. Can any one provide me some info on it?Hi, Hi, Have anyone recently bought any flat in Centilia? I was looking for a 2BHK. I am new to this. I liked the project i.e. Acme Ozone Phase 2. Can any one provide me some info on it?
Q: What are the down payment and construction link payment plan in Ajnara Klock Tower, Sector-74, Noida.

My replies to this discussion
Hi, Ajnara has launched a new tower in its existing project "Grand Ajnara Heritage" - Ajnara Klock Tower. Can someone please provide me feedback about this new project for investment and self use purpose?Hi, Ajnara has launched a new tower in its existing project "Grand Ajnara Heritage" - Ajnara Klock Tower. Can someone please provide me feedback about this new project for investment and self use purpose?
My comments to replies
Hi, Ajnara has launched a new tower in its existing project "Grand Ajnara Heritage" - Ajnara Klock Tower. Can someone please provide me feedback about this new project for investment and self use purpose?
Thanks Bobby... Is there any floor rise charges in it? What about PLC and other location charges?
29th December 2016

Q: Can some share me the current asking rate and available plot sizes in Toss Chandra Vihar Residential Plot?

My replies to this discussion
Hi Ravindra, Toss Chandra Vihar is located at Raebareli Road which is prime locality of Lucknow. I visited the site and saw the social and physical infra development in the locality. This project looks quite lucrative and affordable too. But if the price little negotiate, then i will must go for it. What is the builders saying about the registration? Can i get immediate registration?Hi Ravindra, Toss Chandra Vihar is located at Raebareli Road which is prime locality of Lucknow. I visited the site and saw the social and physical infra development in the locality. This project looks quite lucrative and affordable too. But if the price little negotiate, then i will must go for it. What is the builders saying about the registration? Can i get immediate registration?
Q: Wadhwa Panvel, a most recent and brilliant creation, is being finished by the rumored land engineer as name Wadhwa Group in Panvel city, Navi Mumbai.

My replies to this discussion
Hi, Can anybody share me the credential of Wadhwa Developers, its construction quality and developers history?Hi, Can anybody share me the credential of Wadhwa Developers, its construction quality and developers history?
Q: Looking for a flat in Nagpur for investment purposes, preferably in the MIHAN area.

My replies to this discussion
Hi Farhan, If you are looking for investment in MIhan, Nagpur. It will be a good decision as there are lot's of offers by Finance Minister in budget 2017-18. Even, multiple times rate cut by RBI since 2016, reduction of home loan rate and approval of RERA will boost the property market all across the country. So, as per my view, this is the right to to invest in property in Nagpur. The MIHAN project is still underway which once completed would form the epicentre for commercial development in India. It is centrally located and easily accessible to all the metropolitan cities of India.Hi Farhan, If you are looking for investment in MIhan, Nagpur. It will be a good decision as there are lot's of offers by Finance Minister in budget 2017-18. Even, multiple times rate cut by RBI since 2016, reduction of home loan rate and approval of RERA will boost the property market all across the country. So, as per my view, this is the right to to invest in property in Nagpur. The MIHAN project is still underway which once completed would form the epicentre for commercial development in India. It is centrally located and easily accessible to all the metropolitan cities of India.
My replies to this discussion
Hi, May i know the booking amount of 2BHK flat in Spenta Medius? Which all banks are funding this project?Hi, May i know the booking amount of 2BHK flat in Spenta Medius? Which all banks are funding this project?
My comments to replies
Hi Kriti, Spenta Medius is an ongoing project by Spenta Corporation, located at Matunga West, Mumbai. It is offering 2 and 3BHk flats. Sizes are available from 1181 sq-ft. in 2BHK and 1724 sq-ft. in 3BHK. It current asking rate is Rs.27000/sq-ft. As per the dveloper. its possession date will be December'2019.
Hi Bikram. I am planning to but a 2BHk flat? Can you tell me the location of this project? How is social and Physical development in the locality? How is the Matunga's connectivity to the other parts of the city?
6th March 2017

Q: i have booked a flat cost 27.5 lac . Tell me all charges for registry in bhopal MP including VAT , Service tax , stamp and other charges.

My replies to this discussion
Hi Kumar, As per the revise stamp duty and registration charges in Madhya Pradesh for the current financial year 2017-18 is 8% and 1% respectively.Hi Kumar, As per the revise stamp duty and registration charges in Madhya Pradesh for the current financial year 2017-18 is 8% and 1% respectively.
My comments to replies
Hi, Registry fee of plots, houses or other properties situated in Bhopal is charged in accordance with the rate guidelines given here under :- Inside Bhopal Municipal Corporation Limits: For Houses – 9.5% of the cost of house (i.e. 7.5% stamp duty + 1% Panchayat Fee + 1% Municipal Corporation Fee) + 1% Registration Fee
Yes, i am agree with Ajit. And for open land (i.e. Plot or Agricultural Land) – 9.5% of the cost of the land + 1% Registration Fee ( both as mentioned above) + 5% of 7.5% stamp duty as surcharge.
5th April 2017

My replies to this discussion
Good Evening Vinay, I am working for Infosys as a QA Developer and looking for 2BHK flat. May i know the flat size and BHK configuration? What will be the rent per month and security deposit? ThanksGood Evening Vinay, I am working for Infosys as a QA Developer and looking for 2BHK flat. May i know the flat size and BHK configuration? What will be the rent per month and security deposit? Thanks
My comments to replies
Good Evening Vinay, I am working for Infosys as a QA Developer and looking for 2BHK flat. May i know the flat size and BHK configuration? What will be the rent per month and security deposit? Thanks
Sorry Viniay, I forgot to ask whether it is a under construction or completed project? Are all approvals in place? How is the basic amenities such as schools, hospitals, malls/markets, banks/atms, bus stop, railway and airport from the project site?
14th June 2017

Q: Trident Realty is a professionally managed organization, promoted by well set up entrepreneurs obtaining powerful existence in the enterprise of Genuine Estate & Infrastructure.
My comments to replies
Hi folks, As of now, the locality of Sec-1, Noida Extension has seen tremendous development all around. Apart from that, proposed Metro Rail system is also underway. Indira Gandhi International Airport is 44.5 kms from Sec-1. The average price of an apartment in Sec-1 is Rs. 3400 per sq-ft., the minimum price is Rs 3100 per sq-ft. and the maximum price is Rs 3850 per sq-ft. with unit sizes ranging from 550 sq-ft. to 4100 sq-ft.
Hi Mukesh, Can you tell me about the project legal approvals? Which local body and financial institutions have approved this project?
24th July 2017

Q: Hello dears..want some property advice in Nagpur..Please help me..
My replies to this discussion
I am agree with both Bachu and Ajit. Nagpur is the central zone in India as well as it is having upcoming dream projects like MIHAN-SEZ, cargo hub, IIM etc. So the demands for Plots, flats and properties are very high in Nagpur. There are many factors in which the location of property depends. Several factors which are mostly required by the customers are like market place, reasonable rates. good connectivity and good environment around etc. There are many such areas in Nagpur which satisfies all the mentioned requirements but the rates also differ by the areas. Hudkeshwar, Manish Nagar, Shankarpur, Laxminagar, Dharampeth and MIHAN.I am agree with both Bachu and Ajit. Nagpur is the central zone in India as well as it is having upcoming dream projects like MIHAN-SEZ, cargo hub, IIM etc. So the demands for Plots, flats and properties are very high in Nagpur. There are many factors in which the location of property depends. Several factors which are mostly required by the customers are like market place, reasonable rates. good connectivity and good environment around etc. There are many such areas in Nagpur which satisfies all the mentioned requirements but the rates also differ by the areas. Hudkeshwar, Manish Nagar, Shankarpur, Laxminagar, Dharampeth and MIHAN.
Q: Oberoi Sky City is One of the Great Residential up coming Project in Mumbai Borivali. & it also Provides all the Luxurious facilities to the Residents.
My comments to replies
Oberoi Sky City is a residential development in Borivali East, Mumnbai. It is offering 3BHK luxury apartments. Sizes are available from 1706-1804 sq-ft - Built-up area. Its current rate is Rs.23000-23500 per sq-ft. This project is spread over 25 acres of vast land and consists 1322 units of 3BHK.
Hello Meghna, Is it a RERA approved project? Which local body and financial institutions have approved this project? When is the project possession date?
29th August 2017

Q: Need to buy house soon

My replies to this discussion
Hello Mahi, What is your BHK configuration and budget? Are you looking for ready-to-move or under-construction property? Where do you want to buy property in Nagpur? Are you looking for any specific locality or project?Hello Mahi, What is your BHK configuration and budget? Are you looking for ready-to-move or under-construction property? Where do you want to buy property in Nagpur? Are you looking for any specific locality or project?
My comments to replies
Hello Devjit, Did you discuss with the builder on possession of your flat? What is he saying now? You can also visit the project site and collect some useful information and share with us. I have seen that many property portals are saying the possession has whereas, some portals are indicating the possession date by September 2019.
Hi Friends!! Please advice how to get my money back since builder has not yet initiated any construction and that land is lying idle for farmers for plantation purpose only. Should i inform RERA regarding my issues?
27th September 2017

Q: Is there a good housing project in Nagpur? I wanted to buy a new apartment

My replies to this discussion
Hi folks, I am from Nagpur and I have seen Nagpur grow from a dusty town to a bustling clean and green city. it is the 2nd greenest in India. Now its on the way to becoming a world trade city with the MIHAN project developing at a fast pace. The land prices here have been going up faster than anywhere else in India and its the right time to jump in.The investors have reaped a rich reward in the last two years and many have got returns of close to 300-500% in land investments around MIHAN project.Hi folks, I am from Nagpur and I have seen Nagpur grow from a dusty town to a bustling clean and green city. it is the 2nd greenest in India. Now its on the way to becoming a world trade city with the MIHAN project developing at a fast pace. The land prices here have been going up faster than anywhere else in India and its the right time to jump in.The investors have reaped a rich reward in the last two years and many have got returns of close to 300-500% in land investments around MIHAN project.
Q: how is the construction quality and maintenance of great value sharanam Sector 107, broker told me that in ph-2 quality is good

My comments to replies
Is Great Value Sharanam, Sector-107, Noida is a RERA approved the project? If yes, then what is its RERA registration number? Which local body and financial institutions have approved it?
Yes, Great Value Sharanam, Sector-107, Noida is a RERA approved the project and its RERA registration number is UPRERAPRJ9966. As far as the local body is concerned, Noida Development authority has approved it and all the leading banks and financial institutions are offering loan for it.
21st December 2017

My replies to this discussion
Hello Shah, Please note that the stamp duty & registration fee put together in Municipal Corporation Area of Indore is approx 9.75% presently and it is due to increase by 1% from 1st January 2018. Outside corporation area, stamp duty & registration fee put together is 8% & no change is proposed in this.Hello Shah, Please note that the stamp duty & registration fee put together in Municipal Corporation Area of Indore is approx 9.75% presently and it is due to increase by 1% from 1st January 2018. Outside corporation area, stamp duty & registration fee put together is 8% & no change is proposed in this.
Q: Hi All, Lemme know if some one is looking for the property to buy.

My replies to this discussion
Hi, Do you want to sell your property? You can call on this toll-free number (1800-833-1801) Or List your property for sale at List property for sale to find the right buyer.Hi, Do you want to sell your property? You can call on this toll-free number (1800-833-1801) Or List your property for sale at List property for sale to find the right buyer.
Q: I want to invest my savings into real estate. I have chosen Mohammed Wadi, Pune as it is a under-develop localities in Pune. Is it a good bet?
My replies to this discussion
As far as connectivity is concerned, Mohammedwadi is developing into one of the best suburbs of Pune and currently houses a number of educational institutes, leading restaurants, entertainment joints and supermarkets to cater to different sections of people. The area is also well linked to suburban zones like Pisoli and Hadapsar. I am sure that PMC administration will be able to provide basic civic infrastructure to its residents. As a result, demand for rental properties will be seen in the locality in the days to come. The current rate of rental properties are between Rs.4500-25000 per month depends on the size of the flats and the amenities provided by the owner.As far as connectivity is concerned, Mohammedwadi is developing into one of the best suburbs of Pune and currently houses a number of educational institutes, leading restaurants, entertainment joints and supermarkets to cater to different sections of people. The area is also well linked to suburban zones like Pisoli and Hadapsar. I am sure that PMC administration will be able to provide basic civic infrastructure to its residents. As a result, demand for rental properties will be seen in the locality in the days to come. The current rate of rental properties are between Rs.4500-25000 per month depends on the size of the flats and the amenities provided by the owner.
Q: Hi all, I am looking for a 3 BHK flat in Supertech Eco Village. Please suggest me id it a good project for investment?
My comments to replies
Hi all, Is Supertech Eco Village by Supertech Limited situated at Sec-1, Noida Extension, Greater Noida a good project to go for? How is track record of the developer?
Supertech Limited is one of the best builders with huge land parcels in Delhi-NCR. They have successfully delivered many residential and commercial projects in Delhi-NCR. At the same time i found that this prime project is in prime location as all the daily basic necessities are nearby. So, the project Supertech Eco Village, sector-1, Noida Extension, Greater Noida will obviously be a landmark and an iconic project in Delhi-NCR in the year to come.
10th January 2019

Q: I am planning to book 3BHK (1840) in Panchsheel Greens 2. Please let me know construction quality and amenities.Any suggestions..
My replies to this discussion
what is the price range of 3 BHK available in this project? In common floor the price of 3 BHK (1480 sq. ft) is Rs. 36.98 L at what price have you been offered?what is the price range of 3 BHK available in this project? In common floor the price of 3 BHK (1480 sq. ft) is Rs. 36.98 L at what price have you been offered?
Q: The original buyer Mr.ABC booked flat by paying booking amount 12,30,000/-(cash + cheque) and 22,20,000/- in cash in between 2011 and 2013 and got allotment letter. The total agreement value mentioned in the allotment letter is 48,75,000/-. In 2013, because of financial difficulties decided to sell the flat.He offered me to purchase it.We have executed a MOU on 100/- stamp paper in presence of 2 witnesses. I paid all the amount which Mr.ABC has paid to builder (34,55,000/-). The builder issued NOC to original buyer Mr.ABC and transferred the flat in my Name in 2013 after receiving additional 12,30,000/- in cheque mode from my account..But Agreement for sale was not executed between original buyer Mr.ABC and the builder. Nor did the builder was ready to execute agreement with me. I kept on writing emails and letters, but builder was not ready. Now the builder received Commencement certificate on 26 April 2019.He sent me notices to pay additional 13 lakhs (which he says is as per the RERA Payment schedule) and complete the agreement and Registration process but not for the allotted flat but for some other flat for which he was asking me to pay 4 lakhs extra as floor rise. As per him the allotted flat due to technical reasons does not exist and he by his choice selected a flat on some other floor.I was adamant for any change in the flat. i also paid the stamp duty of 4,65,000/- as per the market value of flat.Now again the builder has sent me notice that since i did not comply with the rules and did not pay 13 lakhs he has cancelled my allotment. Also he has said that he has refunded the booking amount of 12,30,000/- to the original buyer Mr.ABC in cheque mode in 2013 itself, keeping me in dark till date. Builder is not ready to speak anything about the rest cash amount which he has received in cash from original buyer Mr.ABC. As per builder whatever he has received from original buyer Mr.ABC he has refunded back. Further he will refund only the amount paid by me through cheque (12,30,000/-) that to after deducting 10%. The original buyer Mr.ABC has taken money both from me and also from the builder thus reducing my part payment consideration.Even after paying 46,80,000/- as well as the stamp duty of 4,65,000/- builder has cancelled my allotment. The original buyer Mr.ABC has not yet handed over the payment receipts of the amount he has paid to the builder inspite of several requests. Shall i approach RERA or file a consumer case against builder. Also a civil and criminal case against The original buyer Mr.ABC.
My replies to this discussion
A buyer who is the victim of the unfair practices of the builder can approach the following forums for his redressal He can file a civil suit in a Civil Court. He can file a complaint before the consumer Forum. He can file a complaint before the Competition Commission of India. He can approach Regulatory Forums. He can file a Criminal Case.A buyer who is the victim of the unfair practices of the builder can approach the following forums for his redressal He can file a civil suit in a Civil Court. He can file a complaint before the consumer Forum. He can file a complaint before the Competition Commission of India. He can approach Regulatory Forums. He can file a Criminal Case.
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