Q:
I am looking to buy property from them.
They are offering really low/cheap prices.
From what I understand they were doing marketing for many builders/realestate, but only now venturing into construction by themselves.
Has anyone else researched them? Do they have enough backup? are they reliable and trustworthy?
Hi Folks..this is Pavan...I would like ro let you know that the basic cost of constructing a house will not come less than Rs 1600/sqft( bricks, steel, tiles, labor, kitchrn toilet fixtures etc cost further escalates if you have amenities like Lifts, Gym, security, pool etc) plus there is additional cost involved for land share..ex: if you getting Undivided share of 300 sqft/ flat in the area which costing 5000 sqft then your cost is 15 Lacs...if the land cost in the area is rs 2000 then your share is 6 Lacs. The avg cost of land is rs 5000 to 6000 sqft near marathalli/ whitefield and 2000 near electrinic city..So you need to understand what is the constructed area, Undivided land share, amenities and of course documents ( Katha, OC etc) involved before you are making buying decision.. For a builder to sell a flat at a cost of 16 Lacs then it will reasonably cost him that money to build 650 sqft flat around ecity with land share of 200/sqft and 350 sqft around marathalli@same landshareHi Folks..this is Pavan...I would like ro let you know that the basic cost of constructing a house will not come less than Rs 1600/sqft( bricks, steel, tiles, labor, kitchrn toilet fixtures etc cost further escalates if you have amenities like Lifts, Gym, security, pool etc) plus there is additional cost involved for land share..ex: if you getting Undivided share of 300 sqft/ flat in the area which costing 5000 sqft then your cost is 15 Lacs...if the land cost in the area is rs 2000 then your share is 6 Lacs. The avg cost of land is rs 5000 to 6000 sqft near marathalli/ whitefield and 2000 near electrinic city..So you need to understand what is the constructed area, Undivided land share, amenities and of course documents ( Katha, OC etc) involved before you are making buying decision.. For a builder to sell a flat at a cost of 16 Lacs then it will reasonably cost him that money to build 650 sqft flat around ecity with land share of 200/sqft and 350 sqft around marathalli@same landshare
Beyond this it may not be reasonable for them keeping in mind their project management, seeking marketing costs and profit margins(unless they have bought the land at very cheep price)..So you need to really make sure the builder has all approvals, legal documents prior to committing and they deliver the flat as promised...Beyond this it may not be reasonable for them keeping in mind their project management, seeking marketing costs and profit margins(unless they have bought the land at very cheep price)..So you need to really make sure the builder has all approvals, legal documents prior to committing and they deliver the flat as promised...
Ask a Question
Follow A Topic
Trending Categories
CommonFloor Property Search Mobile App now available on Android, iOS and Windows!
