Sandeep Mhatre, Mumbai
Q: Hi, I have booked flat at ACME OZONe ASHWOOD BUILDING & RECENTLY GONE THROUGH DRAFT AGREEMENT. THE AGREEMENT GIVES REFERENCE TO MMRDA RENTAK HOUSING PROJECT COMPLETION LINKED TO COMPLETE HANDOVER OF ASHWOOD AND OAKWOOD. ANY ONE HAS ANY FEEDBACK ON THIS ISSUE.PLEASE PASS ON

My comments to replies
Hi, We have booked flat in Acme Ozone - Ashwood in 2009. Pls let me know when we get the possession. So that I can take admission for my kid accordingly. Be practical & tell us exact date of possession. now it is high time because already you took so much time.
I have word with their sales guy and found that the date of possession will be December'2015 but at the same time i saw in some reputed property portal site that December'2016. Whom to believe?
7th August 2015

Q: I am seeking information on the procedure to obtain the BMC approved plan and commencement certificate for a building in Andheri East, Mumbai,Can someone help me for the same, u can mail me on dronny_76@yahoo.co.in

My replies to this discussion
Hi Suresh, Have you read the latest news? As per the Maharashtra Govt. in an attempt to cut red tape and delays in the building approvals system, the state government has planned a "one-stop" approval process for building projects in Mumbai.Hi Suresh, Have you read the latest news? As per the Maharashtra Govt. in an attempt to cut red tape and delays in the building approvals system, the state government has planned a "one-stop" approval process for building projects in Mumbai.
My comments to replies
Hi Suresh, Have you read the latest news? As per the Maharashtra Govt. in an attempt to cut red tape and delays in the building approvals system, the state government has planned a "one-stop" approval process for building projects in Mumbai.
Yes, Maharashtra government had asked the BMC to put the new mechanism in place within a month. Senior officials confirmed that the civic body had already taken up the proposal for revising building approval procedures.
4th June 2015

Q: I am a real estate dealer. I want to know what will be my commission in case I sell out flats?
My replies to this discussion
Hi Himanshu,
Broker's commission varies as per their wish. In case of sale, it is generally between 1-2 % of sale value and in case of rent, it generally 1 month's rent which goes to a agent/ broker.

If you interested then you can Register/Login at http://www.commonfloor.com/agent/login to get matching buyers and tenants.Hi Himanshu, Broker's commission varies as per their wish. In case of sale, it is generally between 1-2 % of sale value and in case of rent, it generally 1 month's rent which goes to a agent/ broker. If you interested then you can Register/Login at http://www.commonfloor.com/agent/login to get matching buyers and tenants.
Q: I need details on the Chandralekha CHSL project.

My replies to this discussion
Hi Sameep,
Chandralekha CHSL is located at Dahisar East, Mumbai. It is one of the residential projects of Ssakash Developers. The project comprises of 14 stories in two wings with terrace flats. The project offers 1 RK, 1, 2 & 3 BHK flats. All the modern amenities can be found in the project. It is few mins walk from Dahisar station and nearby Jain Mandir. Only 4 mins walk from Haveli and Shiv Mandia. A hospital is near to the project. The project is is close proximity with the highway and Link Road. Hi Sameep,Chandralekha CHSL is located at Dahisar East, Mumbai. It is one of the residential projects of Ssakash Developers. The project comprises of 14 stories in two wings with terrace flats. The project offers 1 RK, 1, 2 & 3 BHK flats. All the modern amenities can be found in the project. It is few mins walk from Dahisar station and nearby Jain Mandir. Only 4 mins walk from Haveli and Shiv Mandia. A hospital is near to the project. The project is is close proximity with the highway and Link Road.
Q: I am interested in booking a 2 BHK flat in Gaurav Discovery. I want to know the mode of payments and also when it will be ready?

My replies to this discussion
The possesion date is around Aug 2013.The possesion date is around Aug 2013.
Q: What is the loading in tower c Mahindra Splendour?

My replies to this discussion
Hi Vinod, the project provides 2 & 3 BHK apartments in the size range of 1464 sqft to 1641 sqft. I think it is around Rs 7200 per sqft area. The project has 30 storeys.Hi Vinod, the project provides 2 & 3 BHK apartments in the size range of 1464 sqft to 1641 sqft. I think it is around Rs 7200 per sqft area. The project has 30 storeys.
Q: It was said that the metro work in Mumbai will be completed soon but still now the work has not shown any progress. What is the reason for the delay in progress?

My replies to this discussion
Hi everybody, The long waited Metro work has come to an end. MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.Hi everybody, The long waited Metro work has come to an end. MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.
My comments to replies
Hi everybody, The long waited Metro work has come to an end. MMRDA sanctions Rs 35400 cr for Mumbai Metro mega expansion. They have also Sanctioned this fund for the new areas. The new areas for which money has been sanctioned are Dahisar - Charkop - Bandra-Mankhurd Metro - 2 corridor, Wadala - Ghatkopar -T hane - Kasarvadavali Metro - 4 via Wadala GPO and R.A.Kidwai Marg, Dahisar East - Andheri East - Bandra East Metro - 5 corridor and Jogeshwari - Vikhroli Link Road Metro - 6 corridor.
Hi Himani, As per the current news, Rs12000 crore sanctioned for 40 km long Dahisar-Charkop-Bandra-Mankhurd Metro-2 corridor, Rs.12000 crore for 40 km long Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 via Wadala GPO and R.A.Kidwai Marg, Rs.8100 crore for 27 km long Dahisar East-Andheri East-Bandra East Metro-5 corridor and Rs.3300 crore for 11 km long Jogeshwari-Vikhroli Link Road Metro-6 corridor.
28th August 2015

Thanks Sandeep!!!! At present, Mumbai has only a 40 mins distance, single line of metro from Ghatkopar to Versova. But the Development Authority has also accepted 2 new detailed projects, one for the 16.5 km Andheri East to Dahisar East Metro Corridor and the other for 18.6 km Dahisar to D.N. Nagar Metro Corridor.
Right Himani...... And it is prepared by the Delhi Metro Rail Corporation and has recommended these 2 corridors estimated at Rs. 4737 crore and Rs. 4994 crore respectively for the approval of the state government. The Authority has put forward this matter to the State raising of funds from various financial institutions such as World Bank, Japan International Cooperation Agency and other national and international financial institutions.
28th August 2015

Q: HI, I have a fully furnished apartment in Oberoi Splendor A Wing Aarey facing available on rent. Kindly get back to me Cheers, Rahul

My replies to this discussion
Hi Rahul, you can list your Property for Rent at http://www.commonfloor.com/list-property-for-rent to get prospective tenant details.Hi Rahul, you can list your Property for Rent at http://www.commonfloor.com/list-property-for-rent to get prospective tenant details.
Q: There has been lot of confusion happening on Suman Nagar flyover in Mumbai. Why is it so?

My replies to this discussion
It was found that there are no signboards on the flyover to direct motorists towards Navi Mumbai and Thane. There has been also lot of traffic on the two-lane entry path on the flyover towards Sion.It was found that there are no signboards on the flyover to direct motorists towards Navi Mumbai and Thane. There has been also lot of traffic on the two-lane entry path on the flyover towards Sion.
Q: How much of the construction work got over? When is the project going to get ready as it was about to get over by 2011?
My replies to this discussion
Will the water problem be solved in Mumbai with the upcoming project?Will the water problem be solved in Mumbai with the upcoming project?
Q: I have brought one plot at Unnayan Garden _ B, what is the current status of the project. How Land can be used for Residential Purpose as it is agriculture land? If anyone can provide me the answer.
My replies to this discussion
Hi all, Unnayan Garden by Unnayan Group located at Rajarhat, Kolkata offers residential plots. Plot size is 3240 sq-ft. and the cost is Rs. 1250/sq-ft. It will cost to you Rs. 40.50 lacs all exclusive. Project is ready to move since July'2011. The Project Unnayan Garden is planned to have the following facilities with time: Medical Centre, Commercial Complex, Bus Terminus, Police Phari, Swimming Pool, Drainage & Sewerage System, Supply of Water, Sports Complex, Bunglows, Row House, Institutions, etc.Hi all, Unnayan Garden by Unnayan Group located at Rajarhat, Kolkata offers residential plots. Plot size is 3240 sq-ft. and the cost is Rs. 1250/sq-ft. It will cost to you Rs. 40.50 lacs all exclusive. Project is ready to move since July'2011. The Project Unnayan Garden is planned to have the following facilities with time: Medical Centre, Commercial Complex, Bus Terminus, Police Phari, Swimming Pool, Drainage & Sewerage System, Supply of Water, Sports Complex, Bunglows, Row House, Institutions, etc.
Q: Has anybody got the latest update on the project. I don't think the Project is in good state. Everytime I visited the site, new story has been narated to me by the officials for the delays and the new schdule. I think it is time that the owners should have a word with the DB officials. As it seems we all owners have taken things for granted. No doubt today the DB Relaty share price would go down, on fridays news of Etisalte want to proceed with legal action aganist Swan Telecome. Why we owners has to take all these issue on our property, have we thought these things at the time of purchase. I strongly suggest we should come together and meet the officials with deadlines. If we don't do this, I don't think project will complete even by 2015.

My comments to replies
Hi all, What is the current completion status of the project? Now it is heard that some chemical issue in the ground or structure of DB Ozone that makes the building very weak.
Hey Sankalp, No chemical issue in the ground, rates are lower because the project is not completed since 6 yrs now. I think DB Realty had major financial problems ( around 2G scam period ) which has led to massive delay. At one stage it seemed they will go bankrupt but it seems they will survive now.
10th September 2014

Q: What is the issue behind the forced possession taken over Bandra bungalow?

My replies to this discussion
As far as I know the builder in Mumbai has taken over the possession of a bungalow in Bandra forcibly. The builder no ways has hold on the property in which he have taken the possession.As far as I know the builder in Mumbai has taken over the possession of a bungalow in Bandra forcibly. The builder no ways has hold on the property in which he have taken the possession.
Q: Can you please let us know the date when these prices were applicable? Also would be great if you can share the current prices.

My replies to this discussion
This quote was applicable in the beginning. Now it is approximately Rs.97 Lacs for 2 BHK and Rs.1.2 Cr for 3 BHK.This quote was applicable in the beginning. Now it is approximately Rs.97 Lacs for 2 BHK and Rs.1.2 Cr for 3 BHK.
Q: How much is the price of LPG cylinder in Mumbai now after the budget?

My replies to this discussion
According to sources, the price of the domestic cylinder will cost Rs 402 after the hike and commercial one will cost Rs 1530.According to sources, the price of the domestic cylinder will cost Rs 402 after the hike and commercial one will cost Rs 1530.
Q: As the sales have fallen drastically, what are the builders doing to overcome this situation?

My replies to this discussion
In order to boost sales in the stagnant real estate market, developers have been forced to offer a variety of freebies like 100 gms of gold coins, discounts, cash back of monthly rentals up to a year, free parking facilities and payment of stamp duty and registration charges while you go to book a property in the cityIn order to boost sales in the stagnant real estate market, developers have been forced to offer a variety of freebies like 100 gms of gold coins, discounts, cash back of monthly rentals up to a year, free parking facilities and payment of stamp duty and registration charges while you go to book a property in the city
Q: Required flat in Oberoi Splendor. Purchase or Lease.
My replies to this discussion
Are you an real estate agent Register/Login at http://www.commonfloor.com/agent/login to get matching buyers and tenants. Are you an real estate agent Register/Login at http://www.commonfloor.com/agent/login to get matching buyers and tenants.
Q: Hi, I am intersted in Casa-Rio project for a 1 BHK. -Prateek
My comments to replies
My personal suggestion from past experience, don't invest your money in lodha palawa project.there current project are running late and every other day you will get news of there new launch .in casa project funny thing is you can't check the progress of your flat ,relationship manager will send you some snaps of your flat that also once in 3 months .
Hi Rahul, In spite of all these issues, people are still buying in the Casa projects of Lodha. So they are not entirely unhappy that Lodha has not fulfilled their promises. As long as they can see paper profit on their investment all are happy and Lodha is doing exactly that but not allowing people to en-cash easily.
24th July 2015

Q: How is the construction work of metro and mono rail going on at Thane Mumbai?

My replies to this discussion
I am residing in Mumbai and I feel the construction work has no where improved the traffic congestions in Mumbai.I am residing in Mumbai and I feel the construction work has no where improved the traffic congestions in Mumbai.
Q: Why is it that there the citizens are complaining about lack of space in the city in Mumbai?

My replies to this discussion
I think these hawkers have connections in the civic body because they disappear right before the BMC van arrives.I think these hawkers have connections in the civic body because they disappear right before the BMC van arrives.
Q: The problem of illegal constructions is a burning problem over the society. How government will protect the society from the illegal construction?

My replies to this discussion
What amendment has been made in the Act?What amendment has been made in the Act?
Q: How old is this construction ? How is the society? parking etc.........

My replies to this discussion
The age of the building will be in between 5yrs to 10 yrs.The age of the building will be in between 5yrs to 10 yrs.
Q: I am interested in buying a 1bhk or 2bhk flat in Kandivali West. Please contact me as soon as possible.
My replies to this discussion
It is one of the ongoing project of Ashray Realtors. The project offers 2bhk and 3bhk apartments with modern facilities. It is one of the ongoing project of Ashray Realtors. The project offers 2bhk and 3bhk apartments with modern facilities.
My replies to this discussion
Indiabulls Group residential project Indiabulls Bleu located at Worli, Mumbai and it is very close to Worli Fort. Indiabulls Blue offers 2BHK, 3BHK apartments. Indiabulls Group residential project Indiabulls Bleu located at Worli, Mumbai and it is very close to Worli Fort. Indiabulls Blue offers 2BHK, 3BHK apartments.
Q: Dear Friends, Does anyone have a 1 BHK apartment for sale at Lodha casa, Dahisar? It should be in ready to occupy condition. Please get in touch with me. Payment can be made immediately.

My replies to this discussion
Lodha Group has launched a new residential apartment Lodha Casa Essenza at Dahisar in Mumbai. Lodha Casa Essenza offers 1 and 2 bedroom apartments with excellent amenities like club house, gymnasium, swimming pool and more.Lodha Group has launched a new residential apartment Lodha Casa Essenza at Dahisar in Mumbai. Lodha Casa Essenza offers 1 and 2 bedroom apartments with excellent amenities like club house, gymnasium, swimming pool and more.
Q: Those booked the flat with HDILWHISPERING TOWER, MULUND, please come under one platform to discuss various issues. The project will be delayed indefinitely. HDIL is known for delay and poor quality of work. They are talking about 42 floor tower !! construction quality is very poor. also they demand 20% black
My replies to this discussion
I heard that HDIL will give possession by December 2012. I heard that HDIL will give possession by December 2012.
Q: If i done have margin money but my salary was good to get 100% loan so please let me know can I get it?
My replies to this discussion
Hi Milap, Banks only provide 80% home loan and rest 20% you have to make down payment. So it is better that you save some money for few months and then apply for home loan.Hi Milap, Banks only provide 80% home loan and rest 20% you have to make down payment. So it is better that you save some money for few months and then apply for home loan.
Q: I am interested in buying 2 BHK Flat in Kalyan West.
My replies to this discussion
Charms Heritage is one of the popular Residential Developments in Kalyan West neighborhood of Mumbai. It is among the Ongoing Projects of Charms Builders. The project has various modern amenities like 24Hr Backup, Security, Intercom, Club House, Gymnasium etc.Charms Heritage is one of the popular Residential Developments in Kalyan West neighborhood of Mumbai. It is among the Ongoing Projects of Charms Builders. The project has various modern amenities like 24Hr Backup, Security, Intercom, Club House, Gymnasium etc.
Q: Does Gaurav Enclave have an OC for this buildings ? and is the paper work clear, which banks give loan for this property . What the area and how is the water and electricity ... is it safe for buy this property
My replies to this discussion
There are many residential project in that area and I heard that the town enjoys a supply of electricity from Reliance Energy and now days people have option of TATA Energy as well. For Occupancy certificate you have to talk with the builder.There are many residential project in that area and I heard that the town enjoys a supply of electricity from Reliance Energy and now days people have option of TATA Energy as well. For Occupancy certificate you have to talk with the builder.
Q: I want to know about Galaxy 2
My replies to this discussion
The project offers 2bhk and 3bhk apartments with modern amenities and the price of the flats start from Rs 46lakhs on-wards.The project offers 2bhk and 3bhk apartments with modern amenities and the price of the flats start from Rs 46lakhs on-wards.
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
Hey all, Have you heard the latest news on amendment in Maharashtra Rent Control Act 1999. This Act does not apply to any premises belonging to the Government or a local authority, any premises let or sub-let to banks, or any Public Sector Undertakings or any Corporation established by or under any Central or State Act
Thanks for the information Pradyuman, Is there any amendment for the Landlord’s point of view? I have given my flat on rent in Andheri East? So, i need some updates on it.
22nd May 2015
@Pradyuman, It means people will now have to pay market rates that are demanded by his/her landlord or could be kicked out.
22nd May 2015

Q: The new projects listing in Thane, Mumbai given in this site looks outdated. Some projects of DB reality in Dahisar is shown for less prices. Is the listing old?
My replies to this discussion
But there is an option to request details. So we can get updates through submitting our requirement.But there is an option to request details. So we can get updates through submitting our requirement.
Hi Umesh,
Here is the list of new projects in Thane, you can check the link to get the updated projects in Thane.Hi Umesh, Here is the list of new projects in Thane, you can check the link to get the updated projects in Thane.
Q: Dear All.. Just want to enquire about availability and current rate, and nearest completion or ready for position. Regards, Kumar

My replies to this discussion
As far as I know the project is expected to get completed by the end of 2013 or by 2014.As far as I know the project is expected to get completed by the end of 2013 or by 2014.
Q: Hi I am looking for buying a 3BHK in Beaumonde Prabhadevi. I would be keen to know if any are available ?

My replies to this discussion
Hi Amar, A 3bhk flat in Beau Monde will cost you around Rs 17.50 crores.Hi Amar, A 3bhk flat in Beau Monde will cost you around Rs 17.50 crores.
Q: What is the expected month of possession?

My replies to this discussion
I am planning to book a flat in Orchid Ozone. Waiting for some positive reviews.I am planning to book a flat in Orchid Ozone. Waiting for some positive reviews.
Q: I've been asked to do slab payment for the brick,plaster & electric work before 2 months back. Is there any progress going on for this work?

My replies to this discussion
DB Realty brings new project Orchid Ozone, Mira Road in Mumbai. Orchid Ozone offers 1 and 2 bedroom apartments with excellent amenities.DB Realty brings new project Orchid Ozone, Mira Road in Mumbai. Orchid Ozone offers 1 and 2 bedroom apartments with excellent amenities.
Q: Hi, I am planning to buy a property in Casa Rio. However, before doing so would like to know real facts about the following. 1. Is there 24 hours water supply and electricity? 2. Would the school be functional in a years time. 3. Waht about the daily shopping and grocery needs. Is the same available? 4. What is the frequency of Lodha Bus shuttle to Dombivali station? The agent that I am dealing with has promised the above. But, before proceeding with the booking wanted to know the real facts.

My replies to this discussion
Lodha Casa Rio is a residential property in Mumbai, being launched by the Lodha Group, one of the top developers of real estate property in Mumbai. Casa Rio is a lavish residential property in Dombivali.Lodha Casa Rio is a residential property in Mumbai, being launched by the Lodha Group, one of the top developers of real estate property in Mumbai. Casa Rio is a lavish residential property in Dombivali.
Q: How the 5% VAT amount was arrived at. We need breakup of 5% VAT.

My replies to this discussion
The recent VAT on real estate in Maharashtra is creating confusion for all the property buyers.The recent VAT on real estate in Maharashtra is creating confusion for all the property buyers.
Q: Not good at all...flooring promised was premium and was also charged a premium rate vs other flats in the building...however the flooring given was vitrified tiles and that too totally damaged...the builder then showed it to diff technicians saying it can be fixed...however all attempts to fix hads failed and not they dont want to change the tiles and are asking us to do it at out costs...i am not sure why do they do this...i purchased this in feb and have lost potential rent of 50k per month since then as it cant be rented also due to bad quality of the tile...please help..as i would like to file a case against them

My replies to this discussion
Hey Raajiv, You can talk with your legal expert before filing any case against the builder.Hey Raajiv, You can talk with your legal expert before filing any case against the builder.
Q: Who is going to maintain the expressways in Mumbai?

My replies to this discussion
Why has the government transfered the work to BMC?Why has the government transfered the work to BMC?
Q: Today I posted my property details to you, but I am not sure whether you get it or not. I am Mrs. Hema. My property is in Kandivali -east, Thakur Complex..

My replies to this discussion
Hema, I am looking to buy a property in Mumbai.. Can you tell me which is your property? Is it for sale? Give project name and other details...Hema, I am looking to buy a property in Mumbai.. Can you tell me which is your property? Is it for sale? Give project name and other details...
Q: How do I contact? Please give details.

My replies to this discussion
Sheel, there is a 1bhk available for sale in Gaurav Discovery.. Click flat for sale to see the details.. Sheel, there is a 1bhk available for sale in Gaurav Discovery.. Click flat for sale to see the details..
If you are interested in the property fill in your contact details in the form on the right side of the listing and submit. Then the owner will contact you directly if the property is still available.If you are interested in the property fill in your contact details in the form on the right side of the listing and submit. Then the owner will contact you directly if the property is still available.
Q: I am interested in Kahargarh project. Can u send me the latest picture of this project from inside and outside?

My replies to this discussion
Hello Mohammed, Can you tell me which project are you interested in ?Hello Mohammed, Can you tell me which project are you interested in ?
Q: Hi anyone has booked home at above mentioned project i need to get in touch with you since the work of the project has been stopped from last one year and there is no progress over it. Is anyone aware about the reason towards the same please let me know

My replies to this discussion
Yeah right Ramesk, the work has been stopped due to some stay being brought up by the Vasai Municipal Corporation towards the construction.Yeah right Ramesk, the work has been stopped due to some stay being brought up by the Vasai Municipal Corporation towards the construction.
Q: Hello, owners/residents in Kalpataru Aura, we are considering buying a new unit in this complex. Can anyone comment on whether there are any water supply problems in this area?
My comments to replies
Hi, This project is strategically located at Strategic location is an added luxury in today’s date. Kalpataru Aura is located at LBS Marg, Ghatkopar (West), Mumbai. The property in Ghatkopar West i.e Kalpataru Aura is within close proximity to various commercial destinations like Bandra-Kurla Complex, MIDC, SEEPZ, Powai, Vikhroli, and popular malls, multiplexes and hospitals. The construction work has finished and are ready to move. Other Projects by Kalpataru Group in Mumbai are Kalptaru Gardens, Kalptaru Shrishti, Kalptaru Horizon, Kalptaru Towers, Kalptaru Estates etc.
Well Ashish, What is the current property rate is going on in the locality? Can anyone suggest a reasonable price for kalpataru aura in ghatkopar west. ? These guys are quoting 6700-7000/sq-ft which i think is completely unreasonable.
30th July 2014

Q: Can I start playgroup in residential flat in which i m not staying inspite of objection from society. This is my ownership flat and I have good experience in playgroup
My replies to this discussion
May be the play group can create problem for the other resident owners so the society is objectingMay be the play group can create problem for the other resident owners so the society is objecting
Q: How is the BMC going to work on the redevelopment?

My replies to this discussion
It has ordered an interest of 18% on the capitalized value and an additional Rs 1 lakh per month for any extension a builder might seek in a progressing project. It has ordered an interest of 18% on the capitalized value and an additional Rs 1 lakh per month for any extension a builder might seek in a progressing project.
Q: I have recently booked an under construction property, only the first slab is completed.I booked this property by paying the builder 20% of my flat cost, also I paid him the service tax at 3.09% and VAT at 1% on this amount (i.e. 20% of the flat cost)Now he is asking me to pay the remaining 80% of the service tax and VAT in advance (i.e. on the full agreement value) and says that this is required for getting the stamp duty & registration done.Please guide if I should pay the entire service tax and vat amount in advance or should it be paid to the builder in parts as per the completion of the project and as per the bank disbursing the amount on completion of each slabTotal Property Cost - 4027500 Paid - 805500 Remainder will be paid by the Bank on completion of each slab Service Tax Paid - 24889.95 (On the amount paid to the builder) VAT Paid - 8055 (On the amount paid to the builder) Completion of Project - 1st Slab Total Floors - 7 Locality - Mira Road Stamp Duty Registration not done, Builder is asking me to give the remaining ST and VAT on the entire agreement value before the Stamp Duty & Registration is done i.e. Service Tax - 99560 VAT - 32220 Whereas I understand that Service Tax and VAT will be paid on the amount disbursed by the bank at the completion of each stage of construction.

My replies to this discussion
As per my knowledge, there should not be any service tax applicable for under construction property. Please clarify with your lawyer.As per my knowledge, there should not be any service tax applicable for under construction property. Please clarify with your lawyer.
Q: Have got the client contact detailed.
kailas jadhav

My replies to this discussion
Hi Kailas, Can you be more precise about the query?Hi Kailas, Can you be more precise about the query?
Q: Had booked a flat in Arabiana wing A, expected possession in Feb 2013, wanted to know if anyone else is in the forum from Arabiana. What about the basic amenities and transport from the Rio Project ? Any one else planning to put their kids in the school?what about the healthcare facilities??

My replies to this discussion
I have read many bad reviews about the builder and their project but dont know whether these are rumors or truth.I have read many bad reviews about the builder and their project but dont know whether these are rumors or truth.
Q: Interested in Shree Mahalaxmi Nagar, Talawde Village, Pipololi Road,Neral (E), Taluka :- Karjat. Area Range: 350 Sq.ftBedroom: 1 RK & Price: 1 RK @7.5 Lac. Want little down payment. Age :- 48 yrs. Central Govt. Employee with no other liability 'or' loan.Max. EMI period.
My replies to this discussion
Hello Sir, the price of 1bhk flat measuring 350 sqft in Shree Mahalaxmi Nagar is around Rs 9 lakhs. You can try to negotiate with the builder.Hello Sir, the price of 1bhk flat measuring 350 sqft in Shree Mahalaxmi Nagar is around Rs 9 lakhs. You can try to negotiate with the builder.
Q: What is market rate going on for shop in Nalasopara West. ?

My replies to this discussion
Hey Aliasgar, The price per square feet was Rs 6,995 few months ago.Hey Aliasgar, The price per square feet was Rs 6,995 few months ago.
Q: Is there registration is done for resale flat of 4 years old at Sarvodaya nagar, kansai section, ambernath east. Pls advise.
My replies to this discussion
Registration is very much required for resale flats and for further information you can take advice from your legal expert.Registration is very much required for resale flats and for further information you can take advice from your legal expert.
Q: I have booked the flat in sep 2009 with Pride residency on ghodbunder road thane, at the time of booking they mentioned that the flat will be ready by dec2010 then jun2011 but till date haven't got the possesion and this time they mentioned the reason that permission issue. I have cross verified and almost all builders on ghodbunder road are delaying the possession by 2 years under permission issue.

My replies to this discussion
Hi Jayesh, State Highway 42 is also known as Ghodbunder Road in Thane district. I feel the newly constructed apartments in ghodbunder road are yet to get permission because they might have broken some legal terms or are way too much built on the highway.. Hi Jayesh, State Highway 42 is also known as Ghodbunder Road in Thane district. I feel the newly constructed apartments in ghodbunder road are yet to get permission because they might have broken some legal terms or are way too much built on the highway..
Q: Insterested in 1 BHK in Hinjewadi

My replies to this discussion
Hi Umesh, you can click on 1 BHK Apartment for Sale in Hinjewadi to check the listing. Hi Umesh, you can click on 1 BHK Apartment for Sale in Hinjewadi to check the listing.
Q: Is this correct that all the buyers who bought under construction property between Jun 2006 to March 2010, will have to pay 5% VAT on agreement value plus an interest of 15% per annum?
My replies to this discussion
Hi all, According to Supreme Court VAT can not be imposed on buyers who have bought their property between June 2006 and March 2010. This has come as a shock to builders in the state who wanted 1% tax instead of 5% imposed by the state government in 2006. They were recovering the VAT amount from buyers.Hi all, According to Supreme Court VAT can not be imposed on buyers who have bought their property between June 2006 and March 2010. This has come as a shock to builders in the state who wanted 1% tax instead of 5% imposed by the state government in 2006. They were recovering the VAT amount from buyers.
@Arushisha, VAT is decided by the respective state. According to the latest Maharashtra Value Added Tax (Amendments) Act of 2010, VAT is charged at around 5% of the construction-related services.@Arushisha, VAT is decided by the respective state. According to the latest Maharashtra Value Added Tax (Amendments) Act of 2010, VAT is charged at around 5% of the construction-related services.
My comments to replies
Hi all, According to Supreme Court VAT can not be imposed on buyers who have bought their property between June 2006 and March 2010. This has come as a shock to builders in the state who wanted 1% tax instead of 5% imposed by the state government in 2006. They were recovering the VAT amount from buyers.
Well, According to a recent decision by the Supreme Court, the sale of a property that is under construction would be liable to VAT. In the case of L&T v/s State of Karnataka, the apex court held that the pre-construction agreements for sale of immovable property would qualify as 'works contract' and, therefore, VAT would be payable on the transaction.
6th June 2014

If govt ask to pay 5%+ int, this will be injustice for all the people who purchased property during said period. Because, govt has later realized that it is a exuberant amount they are charging and later on resorted to 1 % tax after 1 Apr 2010. So, why this injustice to the people who purchased in the that 4 year period? This is illogical and injustice.
Hi Saran, Service Tax and Vat are applicable only for an under-construction property. Service tax, as decided by the central government, is payable on services provided by the service provider. The service provider collects the tax from the consumer and deposits the same to the government.
17th August 2015

Q: Hello Friends, Does Fairfield A, B and C have Occupation Certificate? trying to look at some properties here....please let knowAlso heard that the municipality water is still not coming nor does each flat has an electric meter....
My replies to this discussion
Hi Bharat, I have heard that they have got occupation certificate from March 2012 itself. Also, they boast of 24 Hours water a day. My friend had interest in this project. Please let me know if someone comes to know about something. Thanks in advance.Hi Bharat, I have heard that they have got occupation certificate from March 2012 itself. Also, they boast of 24 Hours water a day. My friend had interest in this project. Please let me know if someone comes to know about something. Thanks in advance.
Q: Please share with me the price details and other information about this project. has anyone bought a residential unit in Lodha Blue Moon?

My replies to this discussion
@ravi: Considering the location and the Lodha name, i'm in no position to afford anything like this. Still I received same mail from atleast 7 agents. Hats off to their marketing machinery.@ravi: Considering the location and the Lodha name, i'm in no position to afford anything like this. Still I received same mail from atleast 7 agents. Hats off to their marketing machinery.
Q: If cidco land is in scheme of 12.5% so in that case will bank approve the loan? Will it be good idea to book apartment in that scheme.

My replies to this discussion
Can anyone update me about the CIDCO 12.5% Scheme Introduction?? Do we really get 12.5 %? Can anyone update me about the CIDCO 12.5% Scheme Introduction?? Do we really get 12.5 %?
Q: What can be expected in real estate from the Union Budget? Any new updates?
My replies to this discussion
As per reports, commercial real estate has gone down by 13% and residential real estate in Mumbai has gone up 1.29%. The present risk weightage of 1.25 percent given by the RBI, resulted in choking of bank finance to real estate, which in turn impacted the availability of housing stock and the prevailing market-driven high prices. CREDAI also suggested removing the RBI risk weightage and called for easy and low-cost funding for housing in order to encourage developers to increase the supply of properties in Mumbai with price cuts.As per reports, commercial real estate has gone down by 13% and residential real estate in Mumbai has gone up 1.29%. The present risk weightage of 1.25 percent given by the RBI, resulted in choking of bank finance to real estate, which in turn impacted the availability of housing stock and the prevailing market-driven high prices. CREDAI also suggested removing the RBI risk weightage and called for easy and low-cost funding for housing in order to encourage developers to increase the supply of properties in Mumbai with price cuts.
Q: What is the plan of Tata group in real estate investment?
My replies to this discussion
Hi Guy's, Yesterday, i heard that the International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.Hi Guy's, Yesterday, i heard that the International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.
My comments to replies
Hi Guy's, Yesterday, i heard that the International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.
Do you know Bikram.........this investment will provide Tata Value Homes long-term capital to develop about 16800 homes over the next 10 years. Earlier, Tata Housing had delivered over 5000 apartments in the price range of Rs 5 lakh to Rs. 30 lakh across various townships.
13th May 2015

Q: I heard there was a disputed property of Ravechi in Thane. What are the recent updates?

My replies to this discussion
The Ravechi property developer, Tulsidas Bhimjyani, got the investment after he paid Rs 52 crore from Kotak’s fund for a legal dispute over the property to its erstwhile joint venture partner, Wadhwa Developers. Recently, the developers had sold a 3,320 sq ft (built-up) apartment on the 28th floor in Tanhee Heights at Napean Sea Road for Rs 39 crore, which was priced at Rs 1.2 lakh per sq ft.The Ravechi property developer, Tulsidas Bhimjyani, got the investment after he paid Rs 52 crore from Kotak’s fund for a legal dispute over the property to its erstwhile joint venture partner, Wadhwa Developers. Recently, the developers had sold a 3,320 sq ft (built-up) apartment on the 28th floor in Tanhee Heights at Napean Sea Road for Rs 39 crore, which was priced at Rs 1.2 lakh per sq ft.
Q: I have got a bill of property tax which I am sure is not correct. What should I do?
My replies to this discussion
Even I feel so.. With the new property tax bills arriving, residents from Mumbai suburbs have joined hands against it. With this, the rest of the city also is not behind and has melded into chorus. I feel the new system is ‘draconian’ and has slapped exorbitant arrears which have to be paid within March 15.Even I feel so.. With the new property tax bills arriving, residents from Mumbai suburbs have joined hands against it. With this, the rest of the city also is not behind and has melded into chorus. I feel the new system is ‘draconian’ and has slapped exorbitant arrears which have to be paid within March 15.
Q: I have recently married and was thinking of moving into a one bedroom apartment in Lokhandwala Complex, Andheri(W). Can you please let me know an indicative rental in Lokhandwala Complex, Andheri(Mumbai)

My replies to this discussion
Hey Ramesh, are you sure? Because few days back I was searching for 1 BHK flats in Andheri West and got to know the rates are around Rs 20000- Rs 35000. It is an expensive place. Hey Ramesh, are you sure? Because few days back I was searching for 1 BHK flats in Andheri West and got to know the rates are around Rs 20000- Rs 35000. It is an expensive place.
Q: Can anybody update me on progress of Zircon building and expected date of completion

My replies to this discussion
Hi Rakshit, I have made a discussion with the developer about the project and found that the delivery date will be December'2016. The residential property rate in the locality is between Rs. 13000-15000/sq-ft. Some of the basic amenities of Nirmal Lifestyle Zircon and Amethyst are 2 level podium Parking, Podium Garden with water body and club house, 3 Hi-speed lifts with emergency landing technology, Video Door Phone, rain water harvesting etc. Hi Rakshit, I have made a discussion with the developer about the project and found that the delivery date will be December'2016. The residential property rate in the locality is between Rs. 13000-15000/sq-ft. Some of the basic amenities of Nirmal Lifestyle Zircon and Amethyst are 2 level podium Parking, Podium Garden with water body and club house, 3 Hi-speed lifts with emergency landing technology, Video Door Phone, rain water harvesting etc.
Q: Does anyone know about Sun Gates, Malad East?? Is it good project??? Or suggest me other good under construction project between malad - dahisar.

My replies to this discussion
There are some good projects in Malad.. What is your budget??There are some good projects in Malad.. What is your budget??
Q: Hi, what are the prevailing rates of properties in Mumbai?

My replies to this discussion
Around 10 percent fall has been observed in prices of properties located in some South and Central Mumbai locations like Parel, Lower Parel and Mahalaxmi, over previous three quarters while prices in Navi Mumbai, Thane and the peripheral suburbs of central and western Mumbai have either been stable or have shown marginally upward trend.Around 10 percent fall has been observed in prices of properties located in some South and Central Mumbai locations like Parel, Lower Parel and Mahalaxmi, over previous three quarters while prices in Navi Mumbai, Thane and the peripheral suburbs of central and western Mumbai have either been stable or have shown marginally upward trend.
Q: Construction is stopped for Hillcrest JVLR. From August 2012 work is stopped for Hillcrest. Does anyone have idea what is the actual problem and when work will start again?

My replies to this discussion
Hi.. even i am interested in this project.. have they started the booking?? What is the price they are quoting?? Plz guide..Hi.. even i am interested in this project.. have they started the booking?? What is the price they are quoting?? Plz guide..
Q: Hi, i m looking to invest upto 30 lakh rupees in coming 6 months. which is a better place to invest and what are the upcoming projects?

My replies to this discussion
Hi Ravi, I feel Kharghar has grown way apart than Hinjewadi and is a better place due to its infrastructure, educational and recreational facilities which are present are of international standard and ready.Hi Ravi, I feel Kharghar has grown way apart than Hinjewadi and is a better place due to its infrastructure, educational and recreational facilities which are present are of international standard and ready.
Q: Hi, I’m planning to buy a property in thane, this property is for investment purpose and I would like to sell it after 2-3 years. The first installment and down payment is self-funded. I have the allotment letter from the builder but I am not sure if I should go for registration. Advice
My replies to this discussion
Hi Jerome, the property that you have booked is for investment purpose or self use?? If for investment purpose, then you can only go for the Allotment Letter as provided.. As for registering the property, you need to spend much for Stamp duty /Registration and Vat which will be approx 6.5 lakh if the agreement value is of 1 cr.Hi Jerome, the property that you have booked is for investment purpose or self use?? If for investment purpose, then you can only go for the Allotment Letter as provided.. As for registering the property, you need to spend much for Stamp duty /Registration and Vat which will be approx 6.5 lakh if the agreement value is of 1 cr.
Q: When and where is next Tata Shubh griha plan is to be launched?

My replies to this discussion
The project in Ahmedabad was a decent one with apartments sold at as low as 13-14 lakhs. The apartments were sold by lottery system and got good response.. The project in Ahmedabad was a decent one with apartments sold at as low as 13-14 lakhs. The apartments were sold by lottery system and got good response..
Q: I have a flat in Claremont A. This building has been delayed endlessly. Anyone has any idea when its going to be completed?

My replies to this discussion
Construction may not be an issue as he is well placed in political circles as far as I know so funding is not a big issue. However I have a feeling the recent land bid was too big even for this group. Also, there are high tension power towers/wires. It was baffling to see this, some one told me Lodha shifted one of the power towers to make way for Luxuria tower.Construction may not be an issue as he is well placed in political circles as far as I know so funding is not a big issue. However I have a feeling the recent land bid was too big even for this group. Also, there are high tension power towers/wires. It was baffling to see this, some one told me Lodha shifted one of the power towers to make way for Luxuria tower.
Q: Hi ..financial year is approaching..do you think Chennai corporation will achieve its targets..??
My replies to this discussion
Hi..This online facility is made available for all 15 zones which include nearly 10.71 lakh assessees. And only 10 percent of people are making use of it. Moreover the Chennai revenue department is facing many issues.Hi..This online facility is made available for all 15 zones which include nearly 10.71 lakh assessees. And only 10 percent of people are making use of it. Moreover the Chennai revenue department is facing many issues.
Q: I want to buy Property in mulund. I think Tata Housing is all set to launch it’s new premium project at Mulund. I hear, they are coming up with 6 towers upto 40 storeys high and the project looks like a gateway to Mumbai. Can anyone share any pictures?

My replies to this discussion
Yes, even I am interested in the TATA projects.. If anybody has any idea about the projects and the price they are quoting, then please let me know..Yes, even I am interested in the TATA projects.. If anybody has any idea about the projects and the price they are quoting, then please let me know..
Q: Looking for 1/2 bhk for rent ?
eeresindia

My replies to this discussion
Hi, are you looking for a 1 BHk or 2 BHK flat?? What is your budget??Hi, are you looking for a 1 BHk or 2 BHK flat?? What is your budget??
Q: Hi, where is this project exactly lovated and what is the recent price per sq ft for this project?
My replies to this discussion
IOD (Intimation Of Disapproval) and CC (Commencement Certificate) makes it clear that the property you are purchasing is built on undisputed land and is BMC approved. Generally pre-launch is for typical investors or risk takers hence builders expect good percentage of down payment to give better price.IOD (Intimation Of Disapproval) and CC (Commencement Certificate) makes it clear that the property you are purchasing is built on undisputed land and is BMC approved. Generally pre-launch is for typical investors or risk takers hence builders expect good percentage of down payment to give better price.
Q: where is the property located and what are the vacant properties available and what are the ongoing rates?

My replies to this discussion
As compared to 2010, Mira Road had witnessed changes in property prices between 2011 and 2012. Average residential property price in 2010 was about Rs.3500 per square feet , which had become to Rs.5500 per square feet and Rs.6000 per square feet in 2011 and 2012,respectively. There has been about 9 per cent increased in property prices since 2011.As compared to 2010, Mira Road had witnessed changes in property prices between 2011 and 2012. Average residential property price in 2010 was about Rs.3500 per square feet , which had become to Rs.5500 per square feet and Rs.6000 per square feet in 2011 and 2012,respectively. There has been about 9 per cent increased in property prices since 2011.
Q: What are the future prospects of buying a property in Kamothe (Mansarovar)?
My replies to this discussion
Thanks Rajiv for the reply!! Has the area seen any type of apreciation recently?? what type of apartment units are coming up in this area?Thanks Rajiv for the reply!! Has the area seen any type of apreciation recently?? what type of apartment units are coming up in this area?
Hi... Got this thread through search engine as I was gaining knowledge about Kamothe.. What about the connectivity and the situatin of the public transportation?? Please advise..Hi... Got this thread through search engine as I was gaining knowledge about Kamothe.. What about the connectivity and the situatin of the public transportation?? Please advise..
Q: Has anyone heard about this project - Adhiraj Upscale which is in per launch and is located in sec 36 kharghar . Is it good investment option ? - builder quoting - 6000/ sq. ft. For 10% scheme

My replies to this discussion
Hi ravi, you can go through Flats for sale in Kharghar and select the property as per your need and budget..

Mr Mittal, I thik you can go with this project as it looks good and the scheme is also worth taking.. Hi ravi, you can go through Flats for sale in Kharghar and select the property as per your need and budget.. Mr Mittal, I thik you can go with this project as it looks good and the scheme is also worth taking..
Q: Any new residential project of Godrej properties in Mumbai...??
My replies to this discussion
Hey abhishek..can you let me know what is a redevelopment argeement. Also give me details of the Malad and Chembur project.Hey abhishek..can you let me know what is a redevelopment argeement. Also give me details of the Malad and Chembur project.
Q: wheather rashmidhruvita park a residensial complex in vasai east promoted by rashmi builder's is approved by CIDCO?
My replies to this discussion
Sir, you can better confirm in the local registrar/ward office. They are the right people to suggest you about the approvals..Sir, you can better confirm in the local registrar/ward office. They are the right people to suggest you about the approvals..
Q: Hi all..i heard that CREDAI is now focusing on affordable housing..Please give me more details on this
My replies to this discussion
Is there any state who is implementing single window system..??Is there any state who is implementing single window system..??
Q: is this poperty worth invested ? i have checked other site , people have invested in 2011 as pre launch ... work not started yet ... as per builder it will lanched now .... has any one idea ? Question.

My replies to this discussion
Even I had invested in this project and everytime we speak to the builder, he keeps on shifting the construction date to end of a month. Seems like it will never start..Even I had invested in this project and everytime we speak to the builder, he keeps on shifting the construction date to end of a month. Seems like it will never start..
Q: I have booked flat in Runwal Infiny B-803 in 2005. It is now high time that no decision is made about the issue. All of us who have invested our hard earn money in this property will be very greatful if we get some positive result asap. Sujata Chindarkar
My comments to replies
what is current status of this runwal infinity project.please advise
Hi Dev, You don't that the land has been declared a private forest. The developer has cancelled the 700 flats booking while others were put on hold. Now, they have received a green signal from the apex court but don't know when is the project going to start.
25th June 2015

My replies to this discussion
Hi Mr pathak, there are units available for sale.. What is your budget?? I might help you in finding one..Hi Mr pathak, there are units available for sale.. What is your budget?? I might help you in finding one..
Q: I am interested in buying a 3 bhk flat. Can I see a sample flat? Is it possible to see it today
My replies to this discussion
Prasad, sample flat is ready in Ozone. I think u can check out by visiting the site directly.. Or try contacting the builder to know if you can visit.. Prasad, sample flat is ready in Ozone. I think u can check out by visiting the site directly.. Or try contacting the builder to know if you can visit..
My replies to this discussion
Hi Anupam, thanks for the update.. Finally they are giving possession.. Hi Anupam, thanks for the update.. Finally they are giving possession..
My comments to replies
hello vikram & Vinay .....How are youl doing ??.I am rocky again , buyer of a flat in UNNAT NAGAR Aksahay ....Goregaon west. I had signed the agreement in 2006 with Polycon Realtors .. .Now i heard that the project is completed by Wadhwa .But we are told to sign a supplement agreement which includes the clause of inclusion of dry area and flower beds . The agreement mentions that the amount to be paid to the builder is zero but the builder is still demanding money in cash ..... This totally illegal demand and that too after delaying the project for 6 years . By any chance ,do u or any buyer are facing the same problem ?.......please help me with more information . My email address is mintltrades@gmail.com
Yes, ss far as project delay is concerned, there is a clause in you agreement that if there is delay in possession then builder is liable to pay the compensation. Better, take the advice of a legal expert as ketal said.
5th May 2015

Q: What are the future prospects in Borivali East?
My replies to this discussion
The Western Express Highway will help in good connectivity of this place.. Residents can reach the airport and offices located at Andheri and Bandra Kurla Complex (BKC) more faster now. The Western Express Highway will help in good connectivity of this place.. Residents can reach the airport and offices located at Andheri and Bandra Kurla Complex (BKC) more faster now.
Q: Hi All, Hope u guys are aware of the latest news about the Worli ( Campa Cola Society) demolishen. 170 flat owners have been asked to leave just because they did not have the occupancy certificate.. Although the flat owners had paid their yearly taxes and had the flat registered 20yrs ago, the govt has declared it to be illegal.. This only reminds me that few blocks in PWC are still not given with the OC. Note: This is not to create any worry, just a concern that we all need to squarely plan and resolve.

My replies to this discussion
I read some where that the Supreme Court announced a stay order til May 31st 2014, for the wrecking of all the illegal flats in Campa Cola Society.I read some where that the Supreme Court announced a stay order til May 31st 2014, for the wrecking of all the illegal flats in Campa Cola Society.
My replies to this discussion
Ya I know that was because of some permission issues, but now that issue is solves and construction is happening on a good pace.Ya I know that was because of some permission issues, but now that issue is solves and construction is happening on a good pace.
Q: I’m living in an apartment without the occupancy Certificate. I have been running for last two years to get the occupancy certificate. I have been to layers, builders, concerned government authorities and have also filed complaints but still have no occupancy certificate. Please advice how can we avoide bein in that same situation as the Worli’s Campa Cola residents are?
My replies to this discussion
BMC should cooperate with the residents and provide the occupation certificate to the building where the matter can be resolved. There are about 20 compliances to get the OC and the cost attached to it can go up to lakhs. The residents living without OC should make sure that the builder to the local civic body submits all the documents.BMC should cooperate with the residents and provide the occupation certificate to the building where the matter can be resolved. There are about 20 compliances to get the OC and the cost attached to it can go up to lakhs. The residents living without OC should make sure that the builder to the local civic body submits all the documents.
Q: What are the future prospects of investing in Nalasopara? Please suggest me affordable property from reputed builders in Nalasopara
My replies to this discussion
Dange Group of Companies, Poonam Universal Construction, Shree Sai Bhoomi Realtors, Swastik Group and Viva Group are good developers having upcoming projects in this area. I m also planning to invest here? What is your budget?Dange Group of Companies, Poonam Universal Construction, Shree Sai Bhoomi Realtors, Swastik Group and Viva Group are good developers having upcoming projects in this area. I m also planning to invest here? What is your budget?
My comments to replies
Hey guys, Is it a right decision to buy property in Nala Sopara West? Which are major residential locations of Nala Sopara?
Hello Bulbul, It will be a clever decision for buying property in Nala Soapra. As MMRDA is planning to invest up to Rs 1 trillion to expand the Mumbai metro services and roads to remote suburbs in the next 7-8 yrs. The remote suburbs include Virar in the north. This will improve Nala Sopara's connectivity with several prime areas of Mumbai. Some of the major residential locations in Nala Sopara West include Sri Prastha Complex, Patankar Park and Chanakya Nagar. Some of the residential locations in the eastern zone are Taki Road, Raghukul Nagar, Vijay Nagar, Radha Nagar, Tulinj Road and Achole Road.
17th July 2015

Q: Which is the best investment option in Navi Mumbai?
My replies to this discussion
Adhiraj Developers, Kesar Sons, Shah Group, Sai Developers, Arihant Developers, Hiranandani, Kalpataru, India Bulls and Marathon.Adhiraj Developers, Kesar Sons, Shah Group, Sai Developers, Arihant Developers, Hiranandani, Kalpataru, India Bulls and Marathon.
Q: i heard from people national builders dont have a good reputation.its unnecessarily highly priced, work not on time and bad flat design. is it true?
My replies to this discussion
My suggestion is that you should go and visit once and check the design of flat.My suggestion is that you should go and visit once and check the design of flat.
My replies to this discussion
Hi not recently but 2 month before i went their to esquire the status as i was interested in buying an apartment and i have bought one. Uptill that time the podium and 1st floor slab word was done. since then i have no idea. have you invested in Turquoise?Hi not recently but 2 month before i went their to esquire the status as i was interested in buying an apartment and i have bought one. Uptill that time the podium and 1st floor slab word was done. since then i have no idea. have you invested in Turquoise?
Q: Tirupati Balaji Buiders and Developers PVt Ltd New Panvel Information on Quality of work of Tirupati Balaji Builders and Developers Pvt Ltd New Panvel Mahendra P.K. Singh is managing director.
My comments to replies
Kindly drop your contact no for more details abt balaji group projects
Hi Chintak, Good to know that you are planning to buy property in New Panvel. Locality is under development and price is very economical. If you invest here and hold for at least 3-5 years then you will surely get a good return. The average property rate in New Panvel is Rs. 5450/sq-ft.
27th April 2015

Guys, from past few month, i was searching property in new panvel. i heard about Tirupati Builders. Before investing i read all this column and just wannat know about this builder. has any 1 been allotted a flat.
Hi Sandeep, Why to invest in Real estate market of Ulwe , Navi Mumbai? What happened to the Navi Mumbai Internation Airport? Will the construction work of Airport will start or not?
8th April 2015

Q: What is the procedure while key handover. Do while giving the possession they ask to sign any document where it is mentioned that the buyer has no pending liability against the builder and builder is not liable to pay for any interest upon obtaining possession?
My replies to this discussion
Possession letter, Blue print, No Objection Certificate, Development agreement, power of attorney, Commencement Certificate, Search Report of the Builder’s Advocate, Receipts of payments made to the builder, Letter of allotment etc are some of important documents required from builder or developer during possession of apartment. Do not forget to take a copy of occupancy certificate from the builder. Possession letter, Blue print, No Objection Certificate, Development agreement, power of attorney, Commencement Certificate, Search Report of the Builder’s Advocate, Receipts of payments made to the builder, Letter of allotment etc are some of important documents required from builder or developer during possession of apartment. Do not forget to take a copy of occupancy certificate from the builder.
Q: I checked this complex - Shree Shashwat last week and found it decent. Can the owners/members provide inputs around this specific complex interms of the buildings, society, facilities etc., Also I am keen to pucrchase a 1 BHK or 2 BHK @ 6000 psf ready possession with reserved car park in this complex - pl share

My replies to this discussion
Shree Shashwat is an exclusively planned ultra modern residential township. It is a layout that offers 3 towers of 14 floors each with landscaped gardens, clubhouse and children's play area. There is a 1 BHK apartment available for sale and the rate is around Rs 49 lakhs.Shree Shashwat is an exclusively planned ultra modern residential township. It is a layout that offers 3 towers of 14 floors each with landscaped gardens, clubhouse and children's play area. There is a 1 BHK apartment available for sale and the rate is around Rs 49 lakhs.
Q: Hi, what is happening with Mihan project? Is it still under progress? What is the status of the IT park having the big companies like Wipro, TCS, HCL ETC. What are the gud projects to invest?
My replies to this discussion
Mihan Project has been the fulcrum for boosting realty prices in Nagpur. Prices near the project now reaches almost 4 crore per acre. The flagship Mohan project was supposed to be the center of attraction in Nagpur, but progressing in a sluggish pace. So do make your decision fast.Mihan Project has been the fulcrum for boosting realty prices in Nagpur. Prices near the project now reaches almost 4 crore per acre. The flagship Mohan project was supposed to be the center of attraction in Nagpur, but progressing in a sluggish pace. So do make your decision fast.
Q: When are they giving the possession? What is the price for a 3 bhk villa? Do they have all the documents proper?
My replies to this discussion
Ashirwad Villas backed and promoted by Sunil Agarwal and Associates, one of the biggest names in domestic housing in Indore is a good opportunity for those seeking international housing experience in the city of Indore. The project is located on the ring road comprising 135 high end row houses and 64 3 BHK flats in a walled campus. As far a paper work is concerned its quite subjective. If you are taking a loan make sure that you read the builder agreement carefully to avoid any unnecessary charges and hassles. So far i have not heard anything dubious on their paper work so I am assuming it’s clear and without any issues.Ashirwad Villas backed and promoted by Sunil Agarwal and Associates, one of the biggest names in domestic housing in Indore is a good opportunity for those seeking international housing experience in the city of Indore. The project is located on the ring road comprising 135 high end row houses and 64 3 BHK flats in a walled campus. As far a paper work is concerned its quite subjective. If you are taking a loan make sure that you read the builder agreement carefully to avoid any unnecessary charges and hassles. So far i have not heard anything dubious on their paper work so I am assuming it’s clear and without any issues.
Q: Earlier I was confident about Hubtown, however because of delay in completion of the project, getting worried.

My replies to this discussion
Hi Anil, I had talk with the customer care of Hubtown Limited and they are telling me that A and D wing will get completed by 2014 and you are telling that there is a delay in completion. So I am bit confused.Hi Anil, I had talk with the customer care of Hubtown Limited and they are telling me that A and D wing will get completed by 2014 and you are telling that there is a delay in completion. So I am bit confused.
Q: Can anyone tell me how is the residential real estate in Mira Bhayandar? Is there any development happening in this belt?
My replies to this discussion
Residential growth have witnessed a rapid development in the vicinity in the last few quarters. The price range in April-June 2012 was Rs 5000- Rs 5500 per sq ft, while the price range between April-June 2013 was Rs 6000- Rs 6400 per sq ft for a multistorey apartment. In one year, there was an increase of around 19% in property rates due to excellent connectivity and easy accessibility.Residential growth have witnessed a rapid development in the vicinity in the last few quarters. The price range in April-June 2012 was Rs 5000- Rs 5500 per sq ft, while the price range between April-June 2013 was Rs 6000- Rs 6400 per sq ft for a multistorey apartment. In one year, there was an increase of around 19% in property rates due to excellent connectivity and easy accessibility.
My comments to replies
Residential growth have witnessed a rapid development in the vicinity in the last few quarters. The price range in April-June 2012 was Rs 5000- Rs 5500 per sq ft, while the price range between April-June 2013 was Rs 6000- Rs 6400 per sq ft for a multistorey apartment. In one year, there was an increase of around 19% in property rates due to excellent connectivity and easy accessibility.
The rental values increased to around 15% in the last 6 months, according to market experts. Some of the ongoing projects in the area include Chheda Aakansha, Roha Serene Heights, Leena Height etc. The home buyers in this area are generally offered with 1BHK, 2BHK and 3BHK flats, inclusive of amenities such as swimming pool, club house, children play areas, gym, indoor games, jogging tracks etc.
14th July 2013

The proposal of a 4-lane road connecting Gorai and Bhayandar has been an important development. This has impact property values in the area by a minimum 10 percent. Once the construction starts, property prices in the locality will rise further.The Mahim Mira Road Bus Corridor, which is a part of the Bus Rapid Transit System of Mumbai, is another feather in the cap of Mira Bhayandar Road that lures property buyers to the area.
People who can't afford to buy a property in Mumbai shift their interest to Mira Bhayandar Road. Mira Road and Bhayandar East offer residential properties at lower values compared to other close-by areas such as Andheri, Malad, Kandivali and Borivali.
4th August 2013

Q: Whether 380 sq.ft. 1 BHK apartment @ 16.5 lakhs at Rohan Aquino, prabhadevi is available now. Kindly reply.
My replies to this discussion
Hi Mansi, As per my knowledge, Rohan Aquino offers only 3 BHK apartments and they rules and regulation are very constrains. The sales people are not ready to give any info over the phone they want us to send a detail description after that only they will provide you with all the details. I wonder are giving visa for USA lolz...Hi Mansi, As per my knowledge, Rohan Aquino offers only 3 BHK apartments and they rules and regulation are very constrains. The sales people are not ready to give any info over the phone they want us to send a detail description after that only they will provide you with all the details. I wonder are giving visa for USA lolz...
Q: What is the price trends in this area? What about the connectivity?

My comments to replies
How is the real estate in this area? Can I expect good returns in future if I am investing in this area?
The area saw a steep rise in population since 1998 due to cheap property rates. With rising population, the property rates too have risen over years. However, the property rates are much lower compared to many other Mumbai suburbs
31st July 2013

Q: How is the real estate trends in Powai?
My replies to this discussion
What are the new projects coming in Powai?What are the new projects coming in Powai?
Q: How much the Ministry of State for housing has increase in funds for repair and redevelopment of dilapidated cessed buildings in Mumbai?
My comments to replies
The Ministry of State for housing on Wednesday announced a Rs. 100 crore increase in funds to the Maharashtra Housing and Area Development Authority (MHADA) for repair and redevelopment of dilapidated cessed buildings in Mumbai. The announcement was made in the Legislative Council that the funds had been increased to Rs. 200 crores from the existing Rs. 100 crores.
How many cessed buildings in Mumbai?
3rd August 2013

My replies to this discussion
Hi Mohan, The price for 1BHK in Mira road starts from Rs 26 lakhs.Hi Mohan, The price for 1BHK in Mira road starts from Rs 26 lakhs.
My replies to this discussion
Hi Umesh, Are you looking for a property or a plot? What is your budget?Hi Umesh, Are you looking for a property or a plot? What is your budget?
Q: I heard that real estate sector scenario looks bleak in Navi Mumbai. Is the statement true?
My replies to this discussion
The once hyped Navi Mumbai, as the destination for real estate, is now seeing a downturn in the real estate industry as the number of people who want to purchase properties here are declining. This downturn comes as a result of setback in key infrastructure projects. The market which saw at least one deal a month, has hardly seen any deals in a long time now.The once hyped Navi Mumbai, as the destination for real estate, is now seeing a downturn in the real estate industry as the number of people who want to purchase properties here are declining. This downturn comes as a result of setback in key infrastructure projects. The market which saw at least one deal a month, has hardly seen any deals in a long time now.
Experts say that properties in areas like Panvel and Ulwe were over hyped in terms of perception, while there was nothing much in terms of infrastructure, transport, schools or social amenities. While price factor was one of the major drivers for real estate in Navi Mumbai, localities such as Nerul and Panvel had almost become as expensive as other Mumbai suburbs.Experts say that properties in areas like Panvel and Ulwe were over hyped in terms of perception, while there was nothing much in terms of infrastructure, transport, schools or social amenities. While price factor was one of the major drivers for real estate in Navi Mumbai, localities such as Nerul and Panvel had almost become as expensive as other Mumbai suburbs.
My comments to replies
Experts say that properties in areas like Panvel and Ulwe were over hyped in terms of perception, while there was nothing much in terms of infrastructure, transport, schools or social amenities. While price factor was one of the major drivers for real estate in Navi Mumbai, localities such as Nerul and Panvel had almost become as expensive as other Mumbai suburbs.
While experts claim that there are corrections in property pricing beginning in some places in Navi Mumbai due to the lack of demand and availability of land, developers are unwilling to slash property prices as they claim that prices are still affordable in Navi Mumbai compared to Mumbai suburbs. Some developers are presently absorbing the high input and construction costs, which they later intend to pass on to the consumer.
15th August 2013

Q: I am interested in your property please send me the details.ASAP Thanks!!! Amit. Chakraborty

My replies to this discussion
The project is located off Old Mumbai Pune Road (NH4) & Touching Kharghar node. The project is known to be approved by CIDCO. The upcoming Asia's Largest Central Park & Gold Course lies in the proximity. The project offers 1 and 2 BHK apartments and the price ranges from Rs 22 lakhs to Rs 33 lakhs.The project is located off Old Mumbai Pune Road (NH4) & Touching Kharghar node. The project is known to be approved by CIDCO. The upcoming Asia's Largest Central Park & Gold Course lies in the proximity. The project offers 1 and 2 BHK apartments and the price ranges from Rs 22 lakhs to Rs 33 lakhs.
Hi Amit, You can check the master plan of Blue Fig Towers hereHi Amit, You can check the master plan of Blue Fig Towers here
My comments to replies
Hi Amit, You can check the master plan of Blue Fig Towers here
You can also check the Floor plans here
20th August 2013

Q: BMC is currently planning to concretize the major roads in the city. When they are going to execute the plans for road construction?

My replies to this discussion
They are going to execute the plan very soon. BMC is currently planning to concretize the major roads in the city and lay asphalt on them. This plan will involve road contracts worth Rs. 7,000 crores over the next four years. The size of each road contract would also be raised to Rs. 300 crore from the existing Rs. 165 crore.They are going to execute the plan very soon. BMC is currently planning to concretize the major roads in the city and lay asphalt on them. This plan will involve road contracts worth Rs. 7,000 crores over the next four years. The size of each road contract would also be raised to Rs. 300 crore from the existing Rs. 165 crore.
My comments to replies
Even BMC is also planning to award the contract of continuous and big stretches of roads to single contractors instead of disbursing the contracts across wards. The contracts are expected to be awarded to companies which already have experience in constructing highways or long stretches of roads than those who are experienced in small scale construction. This is another step by the Mumbai corporation in an attempt to ease the contract tendering system. It is already taking steps to make sure there are less political interference and a single-window clearance system for easing the tendering process.
But I heard that BMC's grand plans however are not easy to implement. The government body has been unable to rope in any major firm to allot a road contract for the last three years. As a result, some of the road contracts have gone to the old contractors. Few major firms also expressed concerns over the delays in carrying out maintenance work, especially storm water drains which can affect the quality of the roads. BMC will have to ensure that it conducts drain repair work along with road construction
21st August 2013

Q: I am planning to buy a ready-to-move-in apartments in Ulwe. Is this the right time to buy an apartment?

My replies to this discussion
In the past few months buying has gone down drastically in Ulwe what with end users staying away and investors not being interested in ready-to-move-in apartments. Investor interest is still upbeat in Ulwe but they largely look for under-construction propertyIn the past few months buying has gone down drastically in Ulwe what with end users staying away and investors not being interested in ready-to-move-in apartments. Investor interest is still upbeat in Ulwe but they largely look for under-construction property
Q: Hello Friends I am following this forum since quite a time now i had one really big confusion going on. I had a budget of 1 bhk which i wanted to invest in a project. I am confused between Lodha splendora and Rustom jee urbania. Which 1 to go for .. which project is coming up better and as an investment which 1 would be more profitable. Your views and points would be really appreciated.
My replies to this discussion
Hi Raj, Both the project seems to be good but I feel the price of an apartment in Lodha Splendora is little cheaper than Rustomjee Urbania.Hi Raj, Both the project seems to be good but I feel the price of an apartment in Lodha Splendora is little cheaper than Rustomjee Urbania.
Q: Can anyone provide me information about the project? How is the builder's reputation?

My replies to this discussion
Rustomjee has emerged as a notable name in the real estate sector. The company believe that the only way to ensure customer satisfaction is to deliver as promised. Rustomjee one of the first Indian Real Estate Development Companies to get an ISO 9001certification. Rustomjee is now deemed to be an ISO 9001-2008 company.Rustomjee has emerged as a notable name in the real estate sector. The company believe that the only way to ensure customer satisfaction is to deliver as promised. Rustomjee one of the first Indian Real Estate Development Companies to get an ISO 9001certification. Rustomjee is now deemed to be an ISO 9001-2008 company.
Q: Finally the most awaited time has come. The most hyped navi mumbai property market (specially ULWE) soon to progress on the path of misfortune. The hyped bubble in real estate market is about to burst anytime now. History will be repeated again with massive correction in prices (upto 40%) is expected. Set back to property market after 1997-2003 is about to arrive. A cautious advise to genuine buyers that do not buy property in ULWE in present scenario as you'll face a big loss due to price correction which will happen in next 6months - 12months & before 2014 elections. Please follow the link for more information:

My replies to this discussion
Hey Arun, This is the link where there is good project discussion is going on in Dream Sai Elegance, Ulwe, Navi Mumbai. You can also leave your feedback there. click the link Dream Sai Elegance, Ulwe, Navi MumbaiHey Arun, This is the link where there is good project discussion is going on in Dream Sai Elegance, Ulwe, Navi Mumbai. You can also leave your feedback there. click the link Dream Sai Elegance, Ulwe, Navi Mumbai
Q: How is the real estate market in Prabhadevi? What the good projects coming up in this area?
My replies to this discussion
Prabhadevi is considered one of the cleanest areas in Mumbai. The roads are clean and well maintained. It also has a very clean beach. There are several educational institutions, hospitals and malls. Prabhadevi also has religious institutions. Prabhadevi is gradually growing into a business hub. Google has set up its office here. There are also companies and banks such as Deloitte, ICICI and Crompton Greaves. The main centre of MTNL is here. There are also some textile mills remaining in Prabhadevi.Prabhadevi is considered one of the cleanest areas in Mumbai. The roads are clean and well maintained. It also has a very clean beach. There are several educational institutions, hospitals and malls. Prabhadevi also has religious institutions. Prabhadevi is gradually growing into a business hub. Google has set up its office here. There are also companies and banks such as Deloitte, ICICI and Crompton Greaves. The main centre of MTNL is here. There are also some textile mills remaining in Prabhadevi.
Q: I came to know that Raheja Realty launched second phase of affordable homes. What is the name of the project?

My replies to this discussion
If I am not wrong then I think they have constructed an affordable luxury project in Kashi.If I am not wrong then I think they have constructed an affordable luxury project in Kashi.
Q: Can anyone provide me few information about the capital value in Mumbai City?

My comments to replies
How much appreciation the localities along the Eastern Express Highway has seen?
Capital values in areas such as Mulund east, Vikhroli west, Vikhroli east, Kanjurmarg east, Bhandup east and Pokhran Road which lie along the Eastern Express Highway appreciated by about 50-65% since 2011.
23rd September 2013

What is the key reason that these areas has seen appreciation in capital values?
There are two major reasons for the spike in capital values in these localities: 1) These localities are also close to expensive suburbs such as Powai, Vikhroli, Kanjurmarg and areas such as Thane. Despite their proximity to upscale areas, these localities have lower capital values. For example, the capital value in Kanjurmarg is between Rs. 11,500 – 14,500 per sq.ft while it is approximately Rs. 18,000 per sq.ft in Powai. 2) The Eastern Expressway is a major highway and is a part of National Highway (NH 3). This connects the eastern suburbs to the main city of Mumbai and Thane. It is also one of the busiest highways in MMR with a heavy traffic density.
23rd September 2013

Hi Sandeep, Do you know what is the prices range going on in localities along Eastern Express Highway?
The capital values of localities alongside the Eastern Express Highway have appreciated in the last two years. The average capital value in Mulund east saw a value of Rs. 13,500 per sq.ft during the third quarter this year compared to Rs. 9,600 per sq.ft during the third quarter of 2011. Similarly, Bhandup east saw an increase from Rs. 8,200 per sq.ft in 2011 to Rs. 11,350 per sq.ft in 2013. Vikhroli west saw a price appreciation from Rs. 9,400 per sq.ft in 2011 to Rs. 14,100 per sq.ft in 2013 and Vikhroli east saw a price jump from Rs. 10,200 per sq.ft in 2011 to Rs. 12,300 per sq.ft in 2013.
23rd September 2013

Q: What is the reason that South Nashik is attracting Mumbaikars?

My replies to this discussion
Which are the localities in Southern Nashik which has seen growing interest from investors?Which are the localities in Southern Nashik which has seen growing interest from investors?
Any idea about the real estate market in South Nashik?Any idea about the real estate market in South Nashik?
Q: Hey, is it true that the Maharashtra govt. has plans to increase stamp duty on property transactions in the Mumbai Metropolitan Region?
My comments to replies
Once this hike happens, the stamp duty over property transactions will be hiked to Six per cent in Mumbai and seven per cent in other areas of the MMR. Pune will also see a hiked price of 7 per cent.
So when is this expected to happen?
17th October 2013

Q: I hear that the govt. has planned to let developers raise up to $1 billion, is it true?

My replies to this discussion
Well, that’s a tough question to answer; however, the irony is that builders and developers have very watchfully kept themselves away from affordable housing sector. The idea is simple, selling a few houses in the high-end category reap more profits than the efforts and money spent on building and selling lot of houses in the budget sector. Also, the so called news that the housing bubble notwithstanding and prices expected to crash has only been a speculation. In markets such as Mumbai, over six months of inventory lies unoccupied but the prices are still kept unaffordable.Well, that’s a tough question to answer; however, the irony is that builders and developers have very watchfully kept themselves away from affordable housing sector. The idea is simple, selling a few houses in the high-end category reap more profits than the efforts and money spent on building and selling lot of houses in the budget sector. Also, the so called news that the housing bubble notwithstanding and prices expected to crash has only been a speculation. In markets such as Mumbai, over six months of inventory lies unoccupied but the prices are still kept unaffordable.
Q: How is the real estate in Bandra and what is the ongoing price trend going in this area?

My comments to replies
What are the upcoming projects in Bandra?
Sarah Mist, Rizvi Union Park, Lakhanis Bandra Pali and Grace Meadows are some of the upcoming projects in Bandra, Mumbai.
22nd October 2013

Q: I heard that Andheri east is coming up high end project?? What is news about.. kindly brief me .

My replies to this discussion
I totaly agree to the fact that, Andheri east have witnessed increased launches and sales during the last few years due to lower capital values compared to Andheri west. To go with the history Andheri west was primarily a residential destination which has now witnessed a number of high-end projects over the last few years.I totaly agree to the fact that, Andheri east have witnessed increased launches and sales during the last few years due to lower capital values compared to Andheri west. To go with the history Andheri west was primarily a residential destination which has now witnessed a number of high-end projects over the last few years.
Q: bot this property 3 year before and till waiting for possition. only one demand letter till date.

My replies to this discussion
Hi Bhushan, Are you talking about Orchid Ozone? If yes then they are telling that they will give possession by end of 2014 but in Phase manner and as far as i know there are 28 towers. It will be better if you can check with the sales person of the project.Hi Bhushan, Are you talking about Orchid Ozone? If yes then they are telling that they will give possession by end of 2014 but in Phase manner and as far as i know there are 28 towers. It will be better if you can check with the sales person of the project.
Q: Can anyone tell me the units available here ? How is the location ?

My replies to this discussion
When can I expect the completion date ? What is the current price per sq ft ? Please let me know about the price details and size quoted for it ?When can I expect the completion date ? What is the current price per sq ft ? Please let me know about the price details and size quoted for it ?
Q: How is the real estate market in Badlapur? What are the type of housing available in this locality?

My comments to replies
How is the infrastructure and amenities in this locality?
Badlapur has Ulhas river flowing through it and hence, doesn’t witness water shortage. Apart from the industrial area, the area of Badlapur has several amenities such as banks. Most major banks have their branches and ATMs here. The city has some well-known education institutions and hospitals in Mumbai. As the area is still developing, there are no major malls or cinema multiplexes here. Yet, there are sufficient entertainment facilities in the area. There are beautiful tourist attractions within the proximity of the area such as Kondeshwar pond, Barvi Dam, Chikhaloli Dam and the Matheran hill range.
22nd October 2014

Will it be a good idea to invest in Badlapur? Can I expect appreciation in the future?
Badlapur is one of the latest emerging localities on the peripheries of Mumbai. Recently the area has witnessed a lot of activity by investors looking to cash in on the anticipated housing boom. The demand is expected to increase in the coming days. Property price in this area are still affordable.
19th November 2013

Q: Hi I am looking for long term investment in Mumbai. Which area will be a good option for long term investment?

My replies to this discussion
A 2 BHK apartment in Parel has a rental value between Rs. 60,000 – 1 lakh. A 3 BHK apartment would fetch a rental value of Rs. 1 – 4 lakhs. A 2 BHK apartment can be purchased for Rs. 2 – 4 crore while a 3 BHK flat would cost between Rs. 6 – 8 crore. The property values in Parel range between Rs. 30,000 – 35,000 per sq.ft.A 2 BHK apartment in Parel has a rental value between Rs. 60,000 – 1 lakh. A 3 BHK apartment would fetch a rental value of Rs. 1 – 4 lakhs. A 2 BHK apartment can be purchased for Rs. 2 – 4 crore while a 3 BHK flat would cost between Rs. 6 – 8 crore. The property values in Parel range between Rs. 30,000 – 35,000 per sq.ft.
My comments to replies
How is the connectivity and accessibility to other parts of Mumbai?
Parel, also sometimes referred to as Lower Parel is connected to other areas via key arterial roads such as Dr. Ambedkar Road. The area also connects to the Western Express Highway via the Gokhale Road. It lies along the Eastern Freeway. There are also important railway stations such as Lower Parel railway station and Elphinstone Road railway station. Both the railway stations lie on the western line of the Mumbai Suburban Railway. It will also be an important station on the proposed Mumbai monorail. One can access Lower Parel via the Bandra-Worli Sea Link.
20th November 2013

My replies to this discussion
What about the connectivity and infrastructure available in Dahisar if I book a flat here?? Need your comments!!!What about the connectivity and infrastructure available in Dahisar if I book a flat here?? Need your comments!!!
Q: I am thinking of investing in Thane East. Can anyone tell me how is the locality for investment purpose and also provide me some names of good projects.

My replies to this discussion
Hey Vinay, Checked out some real good projects coming up in Thane East like Anand Kirti, Gurdev Society, Dhavalgiri Society, Kanchanganga Society, SriRamakrishna Nagar, Ashwini Society, Bharat EcovistasShamik Ashtavinayak, Aakruthi Lake Woods and Hubtown Sunstream City.Hey Vinay, Checked out some real good projects coming up in Thane East like Anand Kirti, Gurdev Society, Dhavalgiri Society, Kanchanganga Society, SriRamakrishna Nagar, Ashwini Society, Bharat EcovistasShamik Ashtavinayak, Aakruthi Lake Woods and Hubtown Sunstream City.
Q: I booked flat in neptune swaraj in Oct 2011, but still registration is not done

My comments to replies
Hello, It is illlegal to occupy the property without registering the property. Push the builder and get the transaction done at the earliest. Also at the same time consult a legal advisor regarding this matter.
I dont understand the funda as to why the registration is still not being done. As you may be aware that registering a property is mandatory at the time of booking. Still its not late. Go and register the property or else there are chances that you may have to pay hefty amount as penalty, or your property may be seized by the revenue dept.
31st December 2013

Q: I want to purchase a 2-3 BHK property in Kharghar. Budget 1Cr. What about Tricity Pristine? Is the project running on time or it is running late? What is the possassion schedule?

My replies to this discussion
I have plans of investing in Tricity Pristine in Kharghar?? Can anybody let me know about the project and the locality?? Is the project close to schools, colleges and hospitals??I have plans of investing in Tricity Pristine in Kharghar?? Can anybody let me know about the project and the locality?? Is the project close to schools, colleges and hospitals??
Q: Hi, I have a piece of land aprrox 6.5 guntha in mumbai suburban belt(dahanu-boisar area) I want to partner up with a builder to build a building and earn some cash I have no clue about real estate and buildings here is an offer from a builder he says he'll build a posh building which will give 12000sq.ft approx the entire cost will be beared by him after completion there will be 50-50 split the current market rate is 4000-6000 p/sq ft and is bound to go up since tje start of local trains upto Dahanu now here are my questions 1.Is the above offer fair? 2.What is the construcion cost p.sq ft? 3.I am thinking of asking alteast 3000000 up front apart from the 50-50split is that fair? 4.What else i should know before taking up such joint venture? Any suggestions are welcome,Please help

My replies to this discussion
Hello Hi, Since you are planning to undertake a partnersip with a builder, looks to me the deal is good. Since you are not losing anything, I think you can enter into a JV with the builder as the builder himself is going to bear the entire construction cost. Looks to me the deal is fair enough and you are getting a posh building measuring approx 12000 sqft.Hello Hi, Since you are planning to undertake a partnersip with a builder, looks to me the deal is good. Since you are not losing anything, I think you can enter into a JV with the builder as the builder himself is going to bear the entire construction cost. Looks to me the deal is fair enough and you are getting a posh building measuring approx 12000 sqft.
My replies to this discussion
Hi Kavita, Since you are looking to buy a 2 BHK flat in HDIL Premier Residence in Kurla West, what is the budget of the flat you are looking at since you have not mentioned about your budget.Hi Kavita, Since you are looking to buy a 2 BHK flat in HDIL Premier Residence in Kurla West, what is the budget of the flat you are looking at since you have not mentioned about your budget.
My replies to this discussion
Hi Ninad, DB Orchid Ozone is one of the ongoing residential project handled by DB Reality Group in Dahisar East. The construction of the project has commenced and possession will be by Dec 2015.Hi Ninad, DB Orchid Ozone is one of the ongoing residential project handled by DB Reality Group in Dahisar East. The construction of the project has commenced and possession will be by Dec 2015.
Q: Can somebody let me know when will they give the possession?

My replies to this discussion
Heard that they are charging Rs 1.70 crore for 3 BHK in Sheth Avalon. Had a chat with one of the executive and mentioned that the prices are fixed and are not negotiable.Heard that they are charging Rs 1.70 crore for 3 BHK in Sheth Avalon. Had a chat with one of the executive and mentioned that the prices are fixed and are not negotiable.
Q: I am a NRI and I want to gift a flat to my daughter. I am looking at Saaga Vikas?? Whats the status?? Anybody on same page??
My replies to this discussion
Thanks for your immediate responce Mr Sankalp. But I have a query whether I should book the flat in my name or in my daughters name as she is the one who is going to stay in future. Kindly let me know about this??Thanks for your immediate responce Mr Sankalp. But I have a query whether I should book the flat in my name or in my daughters name as she is the one who is going to stay in future. Kindly let me know about this??
Q: Which are the cities that has seen good demand for luxury homes and super luxury housings?

My replies to this discussion
A slow pace economy did not crush the appetite for luxury units in Mumbai. Mumbai is a home to a number of HNIs, and hence the properties in upscale residential localities in the city is likely to get absorbed easily. The price range for luxury units in Mumbai’s posh areas run from Rs 25000/ sq ft- Rs 110000/ sq ft.A slow pace economy did not crush the appetite for luxury units in Mumbai. Mumbai is a home to a number of HNIs, and hence the properties in upscale residential localities in the city is likely to get absorbed easily. The price range for luxury units in Mumbai’s posh areas run from Rs 25000/ sq ft- Rs 110000/ sq ft.
My comments to replies
Thanks for the information guys. How about Mumbai and Bangalore in this matter?
Mumbai, among the traditional real estate markets in the country, tops in the list of most expensive cities in India. More than 29% of the overall under construction units in the financial capital of the country are priced above Rs 1 crore, in comparison to Bangalore(5%) and National Capital Region (11%).
17th January 2014

My replies to this discussion
Well Mr Vinay, As far my knowledge is concerned Prayag Gurudarshan is situated at Vichumbe which is in New Panvel. The locality is an extension of Panvel in New Mumbai and is well connected by road, rail and sea modes of transport. BEST run their normal schedule from time to time and there are Mumbai local trains running upto Panvel. Panvel station is just 1.5 kms and proposed international airport is barely 5 kms from this place. Mumbai-Pune Expressway is just 5 minutes drive from here which is the center of attraction. Overall centrally located with good schools, colleges, hospitals, shopping malls and banks located near the project.Well Mr Vinay, As far my knowledge is concerned Prayag Gurudarshan is situated at Vichumbe which is in New Panvel. The locality is an extension of Panvel in New Mumbai and is well connected by road, rail and sea modes of transport. BEST run their normal schedule from time to time and there are Mumbai local trains running upto Panvel. Panvel station is just 1.5 kms and proposed international airport is barely 5 kms from this place. Mumbai-Pune Expressway is just 5 minutes drive from here which is the center of attraction. Overall centrally located with good schools, colleges, hospitals, shopping malls and banks located near the project.
Q: I am hunting for a flat from last 2 months but due to high price I could not find one in my budget. Currently, I am residing at Borivali but I am comfortable in relocating myself provided I get a good deal. Please help.

My replies to this discussion
Hi, heard that the current price ranging in Mira Road is approx Rs. 6540 per sqft. The property prices are being fluctuating ups and downs in recent times. Mira Road is enjoying good demand due to its proximity to important prime centers of the city and beyond. The price appreciation of this locality in future will be very good. It is well connected by state buses and Mumbai local trains as Mira Road has a local railway station. Besides one can also hire an auto and taxi from Mira Road to reach other parts of the city.Hi, heard that the current price ranging in Mira Road is approx Rs. 6540 per sqft. The property prices are being fluctuating ups and downs in recent times. Mira Road is enjoying good demand due to its proximity to important prime centers of the city and beyond. The price appreciation of this locality in future will be very good. It is well connected by state buses and Mumbai local trains as Mira Road has a local railway station. Besides one can also hire an auto and taxi from Mira Road to reach other parts of the city.
Q: I have booked a property at Runwal Garden City. Want to know the status of the project???
My replies to this discussion
Hi Praveen, There are some projects coming up in Thane west undertaken by Runwal Group. They are: 1. Runwal Pearl 2. Runwal Estate 3. Runwal Regency 4. Runwal Garden CityHi Praveen, There are some projects coming up in Thane west undertaken by Runwal Group. They are: 1. Runwal Pearl 2. Runwal Estate 3. Runwal Regency 4. Runwal Garden City
Q: Could anybody let me know about the Squarefeet Group reputation???
My comments to replies
Hi Arup, They are quoting Rs. 6300 per sqft. The project offers world class amenities such as club house, children play area, intercom, garden, gym, community hall, swimming pool and many other posh amenities for luxurious living. Possession is due by Dec 2014.
Hmmm!!!! Wow. Sounds Interesting as far the amenities are concerned and also the price what they are quoting looks OK to me. By any means are the prices negotiable????
23rd January 2014

Q: I have booked a 2 BHK property in Akansha Milan Hills but still not got the possession. What is the current status of this project???

My replies to this discussion
Hi, I am genuinely interested in booking a flat in Vartak Nagar. What is the current scope the area is facing and will I get any good appreciation value in future as I am planning to buy for investment purpose.Hi, I am genuinely interested in booking a flat in Vartak Nagar. What is the current scope the area is facing and will I get any good appreciation value in future as I am planning to buy for investment purpose.
Q: Want to know the current status of the Akansha Rain Poineer Velvet??? Is anybody on same ship???

My replies to this discussion
Actually as off now there is proposal to link metro from Ghatkopar to Mulund only. May be seeing the demand they might extend the metro link till Thane. But this will take time. Have some patience baba!!!!.Actually as off now there is proposal to link metro from Ghatkopar to Mulund only. May be seeing the demand they might extend the metro link till Thane. But this will take time. Have some patience baba!!!!.
Q: Heard that Hubtown Ltd is coming up with Hubtown Siddhi in Vartak Nagar. When is the completion date of the project???

My replies to this discussion
Hello Arup, Hubtown Siddhi has 2, 2.5 and 3 BHK flats. Since you are looking at 2 BHk flat the cost comes to approx 1.42 crore. The project also offers good amenities like children play area, garden, intercom, 24/7 power backup and internet connection.Hello Arup, Hubtown Siddhi has 2, 2.5 and 3 BHK flats. Since you are looking at 2 BHk flat the cost comes to approx 1.42 crore. The project also offers good amenities like children play area, garden, intercom, 24/7 power backup and internet connection.
Hi, I want to know if buying a property in Pokhran Road or Ghodbunder Road will pay richer dividends in coming times. Kindly need your suggestion???Hi, I want to know if buying a property in Pokhran Road or Ghodbunder Road will pay richer dividends in coming times. Kindly need your suggestion???
Q: My budget is 3400000.final cash payment. I am interested in Adinath Heritage plot no 38 sec 17. My choice is first floor rom no 103. A wing. Please let me know

My replies to this discussion
Hi Amit, It is good choice made by you by deciding to buy a property in Adinath Heritage located in Plot 38, Sector 17 in Ulwe, Navi Mumbai. I think the project will meet your requirements since your budget is 34 lakhs. Came to know that they are charging Rs. 4700 per sqft for area measuring 620 to 650 sqft. Also came to know that they are quoting approx Rs.30 lakhs excluding registration for this flat.Hi Amit, It is good choice made by you by deciding to buy a property in Adinath Heritage located in Plot 38, Sector 17 in Ulwe, Navi Mumbai. I think the project will meet your requirements since your budget is 34 lakhs. Came to know that they are charging Rs. 4700 per sqft for area measuring 620 to 650 sqft. Also came to know that they are quoting approx Rs.30 lakhs excluding registration for this flat.
Can anybody tell me the projects available for sale in Ulwe as I am looking for a 2 BHK flat in this locality.Can anybody tell me the projects available for sale in Ulwe as I am looking for a 2 BHK flat in this locality.
My replies to this discussion
Hi Akash, Glad to note that you are planning to buy a flat in Virat Residency located in Kalyan West. Heard that several leading banks and financial institutes like HDFC, ICICI, State Bank of India, IndiaBulls and LIC Housing Finance have approved to loans for this project.Hi Akash, Glad to note that you are planning to buy a flat in Virat Residency located in Kalyan West. Heard that several leading banks and financial institutes like HDFC, ICICI, State Bank of India, IndiaBulls and LIC Housing Finance have approved to loans for this project.
Q: Heard that Navi Mumbai is emerging as one of the fast investment destination due to its good infrastructure.
My replies to this discussion
Hi Kishore, You heard it right !!!. Navi Mumbai is turning out to be the hot investment destination in recent times due to many residential and commercial developments taking place and providing better infrastructure. People who cannot afford a roof over their head in Mumbai can very well afford a shelter in Navi Mumbai as the property rates are affordable and one has plenty of options to choose. Experts believe that as far as infrastructure is concerned, Navi Mumbai has developed fast over the years. It has the advantage of being well connected to Mumbai, Goa, Pune and other cities via Expressway.Hi Kishore, You heard it right !!!. Navi Mumbai is turning out to be the hot investment destination in recent times due to many residential and commercial developments taking place and providing better infrastructure. People who cannot afford a roof over their head in Mumbai can very well afford a shelter in Navi Mumbai as the property rates are affordable and one has plenty of options to choose. Experts believe that as far as infrastructure is concerned, Navi Mumbai has developed fast over the years. It has the advantage of being well connected to Mumbai, Goa, Pune and other cities via Expressway.
Q: Looking for investing in a property in Vartak Nagar?? How good is the locality for investment purpose?? Do suggest??

My replies to this discussion
Hey Mr Ravi, The present price prevailing in Vartak Nagar is Rs. 9800 per sqft. Seeing the current scenario, looks like prices are going to gain momentum in near future and one can expect a good appreciation value for ones property. Beside good connectivity and being away from hustle and bustle of Mumbai city, the price appreciation of this locality in the future might be very good.Hey Mr Ravi, The present price prevailing in Vartak Nagar is Rs. 9800 per sqft. Seeing the current scenario, looks like prices are going to gain momentum in near future and one can expect a good appreciation value for ones property. Beside good connectivity and being away from hustle and bustle of Mumbai city, the price appreciation of this locality in the future might be very good.
Q: Mumbai High Court has issued notice to builder to hand over the flat by Jan 2015, else pay Rs. 2 crore along with interest as penalty.

My comments to replies
Yes Dude!!!!. I too read the news that Mumbai High court has ordered to hand over the flat by Jan 2015 or pay a hefty fine amounting to Rs. 2 crore along with interest against the builder. Think this is the right way to tackle against erratic builders who take the innocent buyers for a ride and take advantage of the buyers.
Yeah Anuj, This will be a lesson for all the builders who give false promises about possessions of the project. Actually the builder should have handed over the project in year 2006 itself, but as it was under some legal dispute work came to a halt and ultimately it is the buyer who is at loss.
31st January 2014

Q: Can somebody let me know the status of Vihang Valley Pearl in Thane west???
My comments to replies
Hi Ravi, Banks like SBI and HDFC have approved for loans for this project. Yes the project comes under TMC and has all the required approvals from concerned bodies. The project is well connected by both bus and rail mode of transport. Thane station is approx 7 kms and it is easily accessible via Eastern Expressway highway.
Hi Sunil, Infact it is located in a calm, serene area bound by lush greenery and rich with flora and fauna. It is located away from the hustle and bustle of the city life and is situated where nature is at its best. Besides good connectivity by way of buses and local trains, one can also take cabs, taxis, autos, 5 seaters from this place to reach other localities.
31st January 2014

Q: What is the progress of Lodha Casa Royale Grande situated in Balkum?? Kindly update about this project??
My replies to this discussion
Hi, I went to inspect the project some days back and found that work is underway. Also heard that Lodha Casa Royale is just a stone throw away from malls like Hyper City and Wonder Mall. It is also at close vicinity to multiplexes, schools, colleges, major hospitals and banks which makes this project an ideal one to opt for. It is also near to Suraj water parks and Yeoor hiils.Hi, I went to inspect the project some days back and found that work is underway. Also heard that Lodha Casa Royale is just a stone throw away from malls like Hyper City and Wonder Mall. It is also at close vicinity to multiplexes, schools, colleges, major hospitals and banks which makes this project an ideal one to opt for. It is also near to Suraj water parks and Yeoor hiils.
Q: hello Mr Harshad Khona.. need to talk regarding hdil whispering woods..??? when will the project actually get over//...??

My replies to this discussion
Wow!!! Looks like the amenities are too good. Hey what about the locality and connectivity to this project. But looks like the prices are quite high. Can I have suggestions regarding this project???Wow!!! Looks like the amenities are too good. Hey what about the locality and connectivity to this project. But looks like the prices are quite high. Can I have suggestions regarding this project???
Q: Can anybody let me know if work has been started for Shree Satya Shankar Residency?? Have anybody booked a flat in this project??

My replies to this discussion
Hello Kishore, Since you mentioned that you are living in Phase 1, how is the connectivity, civic and social amenities?? Are there good schools or colleges near to project. Please do let me know about it??Hello Kishore, Since you mentioned that you are living in Phase 1, how is the connectivity, civic and social amenities?? Are there good schools or colleges near to project. Please do let me know about it??
Q: What is the cost of the flats in this project coming up in Patlipada??
My replies to this discussion
Hello Ashish, I came to know that Hiranandani are coming up with lavish housing project in Patlipada. I being a NRI looking to buy or invest in a property in this project. Will I get a good resale value in case I sell the property in future. Do let me know. Also the does the price includes property tax too??Hello Ashish, I came to know that Hiranandani are coming up with lavish housing project in Patlipada. I being a NRI looking to buy or invest in a property in this project. Will I get a good resale value in case I sell the property in future. Do let me know. Also the does the price includes property tax too??
Q: Does Mumbai's Monorail have all solved all the traffic problem woes of the country.

My replies to this discussion
Hi Kishore, As per a recent study undertaken, it seems that Delhi has most no of 2 wheeler riders accounting for nearly 97% followed by Bangalore, Chennai and Pune. Since these vehicles run on petrol they cause the maximum pollution to the environment by emitting harmful toxics and gases.Hi Kishore, As per a recent study undertaken, it seems that Delhi has most no of 2 wheeler riders accounting for nearly 97% followed by Bangalore, Chennai and Pune. Since these vehicles run on petrol they cause the maximum pollution to the environment by emitting harmful toxics and gases.
Q: Tilak Nagar has overall 18 residential buildings having no occupation certificate.

My replies to this discussion
Mr Praveen, Heard that only handful of societies have got the occupation certificate. Even some buildings and societies have also managed to get water and power connections without possessing an occupancy certificate.Mr Praveen, Heard that only handful of societies have got the occupation certificate. Even some buildings and societies have also managed to get water and power connections without possessing an occupancy certificate.
Q: Would like to know when will the builder give possession for this project??
My replies to this discussion
Hi Sunil, Since you wanted to have some information pertaining to schools located in and near the project, I am providing you the list of some of the good schools. They are: # Arunodaya Public School # Adarsh Vidya Mandir # New Horizon Scholars School # Euro School # Euro Kids Pre Nursery School # Arya Cambridge International School # Hiranandani Foundation SchoolHi Sunil, Since you wanted to have some information pertaining to schools located in and near the project, I am providing you the list of some of the good schools. They are: # Arunodaya Public School # Adarsh Vidya Mandir # New Horizon Scholars School # Euro School # Euro Kids Pre Nursery School # Arya Cambridge International School # Hiranandani Foundation School
Q: Can anybody intimate me the possession date of Unique Greens???
My replies to this discussion
Hi Kishore, The builder has promised that he will give the possession by mid 2016. Unique Greens has 3 blocks consisting of 17 floors. Work is underway.Hi Kishore, The builder has promised that he will give the possession by mid 2016. Unique Greens has 3 blocks consisting of 17 floors. Work is underway.
Q: Can somebody get me the project details about Wadhwa Solitaire located in Kolshet Road.

My replies to this discussion
Hi Lalit, The current prevailing price in and around Kolshet Road is Rs. 8852 per sqft. Though the prices reached Rs. 9305 per sqft in Dec, there has been a slight fall in the rate. But overall there has been a good appreciation of 6.37 % change for the year ending 2013. This is the best time to buy/invest in a property in Kolshet Road as there are chances that prices may go up further or drop down subject to market conditions and market risks.Hi Lalit, The current prevailing price in and around Kolshet Road is Rs. 8852 per sqft. Though the prices reached Rs. 9305 per sqft in Dec, there has been a slight fall in the rate. But overall there has been a good appreciation of 6.37 % change for the year ending 2013. This is the best time to buy/invest in a property in Kolshet Road as there are chances that prices may go up further or drop down subject to market conditions and market risks.
Q: Could anybody let me know the up to date status of Rosa Gardenia??
My replies to this discussion
Hi, What are the amenities the builder is offering in this project. Do we have to pay separately for car parking or it includes in the cost of the flat.Hi, What are the amenities the builder is offering in this project. Do we have to pay separately for car parking or it includes in the cost of the flat.
Q: Is this an SRA project ? Is it safe to commute from the area at night ?

My comments to replies
Hi Aarti, Looks to be a good locality to reside in Malad east. The project and the locality seems to be reasonably good with good connectivity and infrastructure services. You have not specified about your requirements whether are you looking for 2 or 3 BHK in this project.
Hi Anuj, I am living in this locality for last 5 years and not have faced any problems like water or power. By the way Anuj as far the area is concerned, it is more safe than other localities during night. In fact you are living in city like Mumbai which never sleeps. Buses and trains run till midnight and the locality is always buzzing with activities.
11th February 2014

Q: What is the status of Gala Pride Enclave?? Has anybody booked a flat in this project??

My comments to replies
Hi All, I want to know that if I purchase a property in Thane west, which locality is best to invest whether Ghodbunder Road, Majiwada or Kolshet Road. What appreciation can I expect in few years time.
Hi Vinay, You have not mentioned what is your requirements and the budget. In my view based upon your requirements and budget you can buy a property either in Ghodbunder Road, Majiwada or in Kolshet Road. Since all these localities have many mid range and high range flats catering to individual needs and preferences, you can choose the locality which is near to your workplace.
7th February 2014

Hello Shantanu, Want to know in Thane west how do I choose between different locations when price and connectivity remain the same. What factors can lead to a long-term increase in values? Kindly do clarify.
Hey Vinay, You should always look at a renowned developer, infrastructure happening in the area and proximity to work locations and other basic amenities like school, hospital etc. Without considering these factors it is quite risky to invest in a property.
7th February 2014

Q: Can anybody let me know what are the flats available in Sapta Shree Heights??
My replies to this discussion
Hello Friend, The project is already been launched and is one of the ongoing projects undertaken Sapta Shree builders in Thane. Most likely they will hand over the project by mid 2016. They are charging Rs. 8300 as rate per sqft. Several leading banks have approved for home loans for this project like HDFC, IDBI, ICICI, India Bulls.Hello Friend, The project is already been launched and is one of the ongoing projects undertaken Sapta Shree builders in Thane. Most likely they will hand over the project by mid 2016. They are charging Rs. 8300 as rate per sqft. Several leading banks have approved for home loans for this project like HDFC, IDBI, ICICI, India Bulls.
My comments to replies
Hi Lalit, the rates quoted by them is 6300 / sq ft and the 1 BHK flats will cost you around 61 lakh and you can think about 2 BHK.?
There are lot of options and pricing is almost similar to Under Construction properties in that area. Don't take never ending tension and loose your sleep for several years by going for Under Construction project in the hope of saving Rs.500-800/sq-ft. It is always goodto buy ready-to-move properties. It is not a good strategy especially in these turbulent times when builders are struggling to sell.
1st October 2015
Hi Jignesh, It is not a good strategy especially in these difficult times when builders are struggling to sell their inventories. The risk with JP is though they have launched many buildings recently across Mumbai, I am not sure if any of them is in ready possession condition with OC as yet, so difficult to judge track record of delivery.
13th October 2015

Q: When is the completion of this project??

My replies to this discussion
Hi Ramesh!!!, Actually they are charging Rs. 74 lakh onwards for 2 BHK in Codename Dawn. 2 BHK have an area of 870 sqft and the current rate the builder is quoting is Rs. 8400 per sqft. Since the project is developed by Lodha Group, the apartments have world class amenities like Wifi connectivity, swimming pool, club house, multi gym, landscape garden, children play area, community hall, jogging track and other fantastic amenities.Hi Ramesh!!!, Actually they are charging Rs. 74 lakh onwards for 2 BHK in Codename Dawn. 2 BHK have an area of 870 sqft and the current rate the builder is quoting is Rs. 8400 per sqft. Since the project is developed by Lodha Group, the apartments have world class amenities like Wifi connectivity, swimming pool, club house, multi gym, landscape garden, children play area, community hall, jogging track and other fantastic amenities.
Q: Can somebody tell me how many phase are there in this project and when will it be ready to occupy??

My replies to this discussion
Oh Kool!!!! Which banks are offering finance for this project and which is the best method to opt for home loan. ie should I go for fixed method or floating method. Need your suggestions regarding this matter as I planning to buy a 1 BHK in Phase 1.Oh Kool!!!! Which banks are offering finance for this project and which is the best method to opt for home loan. ie should I go for fixed method or floating method. Need your suggestions regarding this matter as I planning to buy a 1 BHK in Phase 1.
Q: What are the hidden charges I should take care of before taking home loan from a bank?

My comments to replies
Hi Guys, As soon as one starts looking out for property to buy a house, banks start offering home loans. For a loan amount up to Rs 30 lakh and the tenure being 15-20 years, the following is on offering. Floating interest rate 10.15%. This rate is being offered by SBI, ICICI Bank, HDFC Bank, HSBC Bank, Axis Bank, PNB Housing Fnance, DHFL, India Bulls, Citi Bank, Tata Capital Housing Finance Ltd. EMI per lakh works out to be Rs 975.
However, HDFC has capped the maximum amount to Rs 10000. Whereas, Axis Bank and HSBC charge a minimum processing fee of Rs 10000 or 1% of the total loan amount. DHFL charges Rs 5000 plus document charges and taxes and India Bulls charges Rs 7500 plus taxes.
24th June 2015

Q: May somebody let me know what is the current status of Nirmal Zircon located in Mulund west??

My replies to this discussion
Hi, I am looking for a 2 BHK flat in Nirmal Zircon. Has the bookings open?? How is the locality and connectivity. Is Mulund west a better place to invest than Mulund east as far appreciation is concerned??Hi, I am looking for a 2 BHK flat in Nirmal Zircon. Has the bookings open?? How is the locality and connectivity. Is Mulund west a better place to invest than Mulund east as far appreciation is concerned??
Q: When is the builder giving the possession of Rupji Signature??

My comments to replies
Hello Ramesh, Rupji Signature is well connected by road and rail mode of transport. It is close to Eastern Express Highway and also just few kms from Western Express Highway. BEST run their daily schedule from Mulund Bus Depot to Borivali, Thane, Vashi, Nerul, Ghatkopar, Vikroli, Bhandup and also to Andheri. Mulund station is just about 3 kms from the site. The flats are located just behind Croma mall. Many schools, colleges, hypermarkets and hospitals are located within a radius of 3 kms from Rupji Signature.
Hi Ravi, Many leading banks like HSBC, IDBI, HDFC and ICICI are offering loans for this project. You can take the loan as per your requirements and can repay them through monthly EMI's. Once you are done with the documentation part, loan will be sanctioned in 2 days time.
14th February 2014

Q: Will somebody let me know what is the status of Nirmal Omega??

My comments to replies
Mr Anuj, 2 BHK are priced at Rs. 1.09 crore for flats having an area of 900 sqft. The amenities offered are club house, swimming pool, broadband connection, jogging track, 24 hour power backup, community hall and garden. They are also planning to have a mini temple within the apartment premises.
Hi Ashish, In fact I got to know that the builders are of good repute. They have successfully completed many projects in Mumbai and presently coming up with many ongoing and upcoming projects in this city. Since I am staying in one of the projects finished by them, they are known for using good quality material and timely delivery of the project.
14th February 2014

Q: Hey, Did you hear that the future of Mumbai lies in redevelopment.

My comments to replies
Hey Ramesh, Yeah even I too came across the news that Mumbai is heading towards redevelopment. It is something nice to hear such news. Redevelopment is the only solution left with the Govt since most of the old buildings are crumbling.
Hi Ravi, But the fact is that no new land is available for development since there are buildings and structures everywhere. Hence the Govt has to only consider for redevelopment as they do not have any other option.
17th February 2014

Q: Hello, Did you come to know that property rates clocked to more than 30% returns in last 2 years.

My comments to replies
In Navi Mumbai the property market is HOT. According to recent fair of real estate market the the project in nerul, kharghar etc increases the prices approximately 10% to 30 %
Hi, Yeah in fact the property market is really picking up in Navi Mumbai due to many proposed upcoming residential and infrastructure developments taking place. Good to know that property rates have shown an incremental jump in present times. The jump of 30% what we have seen in last 2 years is outstanding and one can assume how much demand is there for the properties in this part of the city.
10th March 2014

Q: Has anybody booked a flat in Nirmal Turquoise?? What is the status of the project??
My comments to replies
Dear Ramesh, Since you are salaried employee you can avail housing loan for which you may have to undergo some basic procedures. Once done with the loan documentation part, loan will be sanctioned in your name. In fact I came to know that several leading banks like Corporation Bank, HDFC, LIC Housing Finance and SBI have approved for loans for this project.
Hi, Want to know if there are any new infrastructure developments happening in this locality and what impact will it have on the property rates. Is this the right time to purchase a property in Mulund west.
18th February 2014

Q: Can anybody let me know how is the project Runwal Greens?? Can I get good resale value in future when I sell my flat???
My replies to this discussion
Hi Ashish, What are the units available in Runwal Greens, price and specifications? Does the locality have good social and civic infrastructure facilities. How about the overall connectivity as I have plans of booking a flat in this project.Hi Ashish, What are the units available in Runwal Greens, price and specifications? Does the locality have good social and civic infrastructure facilities. How about the overall connectivity as I have plans of booking a flat in this project.
Q: Can you please send me the location details, Availability of 2BHK flat & Price details of Span Excellency.

My comments to replies
Thanks Ramesh for the details provided about the amenities. One thing I would like to know does the prices include car parking or without car parking. Which banks are offering finance for this project?? How is the connectivity??
Hi Ravi, In fact the prices quoted for the flats are excluding car parking charges. They are not included in the total cost of the flat. One need to pay an extra amount for availing the car parking. Leading banks like HDFC, ICICI, Axis bank and Indiabulls are providing finance for this project. The flats are located in west of Bhyander and the only efficient transport available are the local trains.
20th February 2014

Q: Hey did you get the good news that the apex court has freed 6.4 lakh acres of removing the private forest tag.

My comments to replies
Hi Ramesh, However it depends whether it leads to a long-term improvement in the stock prospects of the concerned realty companies depends on structural or fundamental improvements in the companies concerned and how the demand for real estate shapes up going forward.
But i think for Godrej properties the benefit would be limited as it is working on a development management fee model in that area and does not own the land. For Oberoi Realty the benefit would be more since it has been heavily banking on the launch of the Mulund project to achieve sustainable sales and cash flow.
19th February 2014

Q: Hello every one I am kunal and own a flat in orchid ozone And we already have a group on watsapp , were we all share the updates and latest news on db Let me know if any one want to join

My replies to this discussion
Hi Ashish, Locality wise Dahisar is good for living since it is not that bad as traffic is concerned. Since affording a flat in Mumbai is beyond ones imagination, people are shifting to Dahisar as the property rates are still cheap when compared to prices in Thane, Navi Mumbai and major areas in Mumbai as Dahisar is still developing residential and commercially.Hi Ashish, Locality wise Dahisar is good for living since it is not that bad as traffic is concerned. Since affording a flat in Mumbai is beyond ones imagination, people are shifting to Dahisar as the property rates are still cheap when compared to prices in Thane, Navi Mumbai and major areas in Mumbai as Dahisar is still developing residential and commercially.
My comments to replies
Hi to All, How do you see the prospects of Goregaon East? There is a lot of construction activity going on there. The rates in good projects there are around Rs 15000 per sq ft. Do you think it would provide 20% appreciation year-on-year for first 5 years now?
Hi Ravi, How are you doing?? It is a very good investment location and the actual returns will depend on market forces but in the long-term, they will give you very good returns because of infrastructure planned there.
21st February 2014

Q: What are the flats available in Tata Gateway Towers and when will be the possession given??

My comments to replies
Hello Ramesh, Can anybody let me know about list of some good schools located in and around Tata Gateway Towers so that it will be easy for my kids to commute as I do not want to send to distant places as we are working couples and hardly find time to drop our kids to school.
Hi Ravi, In fact there are several good schools situated in a radius of approx 3 kms from Tata Gateway Towers which have all the facilities like school pick and drop, well planned curriculam, trained teaching staff, well equipped library with sports kits, school canteen etc. List of some of the schools located in and around Tata Gateway Towers are: 1. Kelkar Education Trust 2. Holy Angels High School & Junior College 3. VG Vaze College 4. St Pius High School 5. St Marys Convent High School 6. Vidya Prasarak Mandal English High School
25th February 2014

Q: How many floors are there in this project and when is the possession will be given??

My comments to replies
HI, What is the rate the builder is quoting per sqft?? Is the project has acquired all the approvals from the department and which banks are providing finance for this project since I am looking to book a 1 BHK flat in Anand Dham.
Hey Ashish, The builder is quoting Rs. 9500 as present rate per sqft. The project has got all the required approvals from concerned authorities and departments. The project is financed by several leading banks like Axis bank, IDBI, SBI, HDFC and LIC Housing Finance.
25th February 2014

Q: What are the flats available in Nirman Varad and when is the handover status of the same??

My replies to this discussion
Hi, Do you think there is enough elasticity left in the Mulund East that any investment in a 1BHK apartment at Rs 75 lakh can double in 5 years?Hi, Do you think there is enough elasticity left in the Mulund East that any investment in a 1BHK apartment at Rs 75 lakh can double in 5 years?
Q: Can somebody tell me when is the possession date of Matoshree Nisarg

My replies to this discussion
Hi Ravi, The flats are centrally located in Mulund East with 5 minutes drive from Mulund station and Eastern Express Highway.. Adequate bus services are available from this place to go to western suburbs, central suburbs and Navi Mumbai. It is at close proximity to Navi Mumbai via Airoli bridge.Hi Ravi, The flats are centrally located in Mulund East with 5 minutes drive from Mulund station and Eastern Express Highway.. Adequate bus services are available from this place to go to western suburbs, central suburbs and Navi Mumbai. It is at close proximity to Navi Mumbai via Airoli bridge.
Q: How good is Mulund East for living?? Does the locality have any water or power issues???
My replies to this discussion
Hi Ravi, There are many residential projects that are coming up in Mulund East by builders of national repute. Some of the list of projects are: 1. Satguru Sharan 2. Akruti Elegance 3. Vardhman Nagar 4. Shree Vardhman 5. Aniket Apartments 6. Chariot Apartments 7. Sainath Park 8. Sheth Garden 9. Swastik Grand 90 10. Prem Vishnu List of builders are: 1. Sheth Builders 2. Swastik Group 3. Prem Developers 4. Soham House 5. Siroya Builders 6. Ashwamedh Group 7. Aditya Builders & Developers 8. Dhanista Group 9. Sainath Developers 10. Spark DevelopersHi Ravi, There are many residential projects that are coming up in Mulund East by builders of national repute. Some of the list of projects are: 1. Satguru Sharan 2. Akruti Elegance 3. Vardhman Nagar 4. Shree Vardhman 5. Aniket Apartments 6. Chariot Apartments 7. Sainath Park 8. Sheth Garden 9. Swastik Grand 90 10. Prem Vishnu List of builders are: 1. Sheth Builders 2. Swastik Group 3. Prem Developers 4. Soham House 5. Siroya Builders 6. Ashwamedh Group 7. Aditya Builders & Developers 8. Dhanista Group 9. Sainath Developers 10. Spark Developers
Q: Can anybody tell me what is the status of this project and the delivery date??
My comments to replies
Namaste Ramesh ji, I came to know that Galaxy Pinnacle has 1,2 and 3 BHK flats. The area for 1 BHK flat comes to approx 760 sqft and is priced at Rs. 1.36 crore. 2 BHK have an area measuring 1065 sqft and it costs about 1.91 crore. 3 BHK have an total built up area measuring 1300 sqft and the flats come with a price tag of Rs. 2.34 crore onwards. + registration and stamp duty and other taxes.
Hey Ravi, I have booked a 2 BHK flat in this project about 6 months back. The developer is providing some excellent amenities like club house, Wifi connectivity, swimming pool, jogging track, children play area, open lawn, badminton court, 24 hrs standby power and much more. They are quoting Rs. 18000 as present price per sqft.
4th March 2014

Q: I am planning to go for a flat in this project. What are the extra specifications available in the flats??
My comments to replies
Hi Ramesh, Glad to hear that you too are planning to book a flat in Tejas Symphony. In fact got in touch with the company executive and came to know that besides offering standard amenities, the developer is also giving some extra benefits like * Vitrified flooring in all rooms * Granite platform counter top with stainless steer sink with drain board. * Separate electric points for washing machine, fridge, water purifier, exhaust fan and for micro wave oven. * Concealed plumbing with latest quality sanitary fittings and fixtures. * Anti skid tiles for floors and 7" glazed tiles in bathrooms. *Aluminium channel sliding windows
Hi Ravi, Ohhh sounds awesome stuff as far the benefits are given. Want to know when was the project launched, present price per sqft, units available and the expected completion date. Has the booking started?? Let me know about it??
5th March 2014

Q: I am planning to book a 2 BHK flat in this project. Will somebody let me know if there is any water crisis in the apartments?? Is anybody on the same boat??
My replies to this discussion
Hi Ashish, In fact this is a big relief that there is no water problems in this project since I came to know that some projects located in Ulwe has water crisis or rather irregular water supply. Thank God!!!! There is nothing of sort in this project. Then let me know what are the flats available and the price? How good are the amenities?? Is it worth a buy by paying such huge amount. Do confirm and let me know.Hi Ashish, In fact this is a big relief that there is no water problems in this project since I came to know that some projects located in Ulwe has water crisis or rather irregular water supply. Thank God!!!! There is nothing of sort in this project. Then let me know what are the flats available and the price? How good are the amenities?? Is it worth a buy by paying such huge amount. Do confirm and let me know.
Q: As I am planning to book a flat in this project, can somebody let me know what are the documents required from the builder before taking the possession. Can somebody help me out with the check list.
My comments to replies
Hi Ramesh, There are certain check lists to be ascertained before taking possession of the flat from the builder. As far my knowledge is concerned you should obtain documents like, 1. Possession letter 2. Letter of allotment 3. No objection letter 4. Agreement letter 5. Sale deed 6. Blue print / copy of the plan 7. Commencement certificate 8. Completion certificate 9. Receipts of payment given to builder
Thank U so much dear Ravi for the info provided about checklist. I was not aware of this fully. Anyways many many thanks for the updates. Can anybody let me know has the project already been launched and when will be its completion. What is the present price per sqft the builder is charging?
6th March 2014

Q: It seems that real estate market rates in eastern Mumbai districts are going to double by 2017.
My replies to this discussion
Hello Ashish, But this is mainly due to the upcoming infrastructural improvements and developments like the construction of the 12 lane multimodal corridor, the ambitious Delhi Mumbai Industrial Corridor, the expansion of educational and IT infrastructure and the slated extension of rail connectivity. These factors will really push the property prices to a greater limits by 2017.Hello Ashish, But this is mainly due to the upcoming infrastructural improvements and developments like the construction of the 12 lane multimodal corridor, the ambitious Delhi Mumbai Industrial Corridor, the expansion of educational and IT infrastructure and the slated extension of rail connectivity. These factors will really push the property prices to a greater limits by 2017.
Q: Want to know when the builder give the possession of the same? How is the builders reputation since I have plans of buying a flat in this project.
My replies to this discussion
Hey Ravi, I came across that the project is still not being launched and its in the pipeline of launching in about 2-3 months. The Builder says that it will take approx 2 years to complete. Eagerly waiting for the project to get started. Keeping my fingers crossed!!!!.Hey Ravi, I came across that the project is still not being launched and its in the pipeline of launching in about 2-3 months. The Builder says that it will take approx 2 years to complete. Eagerly waiting for the project to get started. Keeping my fingers crossed!!!!.
Q: Can somebody throw some light on this project? What is the present status??
My replies to this discussion
Hi Ashish, Got to know that the project was launched in the year Oct 2013 and the builder is quoting Rs. 4150 as present rate per sqft. The apartments comes with 1,2, and 3 BHK units ideally suited for mid income group. 1 BHK has an area comprising of 640 sqft and costs about 17.22 lakhs. 2 BHK comes with 915 sqft area and are priced at Rs. 37.98 lakhs. The area for 3 BHK comes with 1215 sqft and the cost comes to about Rs. 50.43 lakhs. The price quoted here are excluding the registration, stamp duty and other charges.Hi Ashish, Got to know that the project was launched in the year Oct 2013 and the builder is quoting Rs. 4150 as present rate per sqft. The apartments comes with 1,2, and 3 BHK units ideally suited for mid income group. 1 BHK has an area comprising of 640 sqft and costs about 17.22 lakhs. 2 BHK comes with 915 sqft area and are priced at Rs. 37.98 lakhs. The area for 3 BHK comes with 1215 sqft and the cost comes to about Rs. 50.43 lakhs. The price quoted here are excluding the registration, stamp duty and other charges.
Q: Planning to invest in this project? Are there good schools in and near the project?
My replies to this discussion
Hey Ravi, Got to know that the project was launched in the year Nov 2013 and construction work is going on in full swing. The project will be ready to occupy by June next year. The builder is quoting Rs. 25500 as rate per sqft. The apartments are well linked by road and rail mode of transport. Borivili station is just 3.5 kms from here and Western Express Highway is also at close range from the site. Buses, autos and taxis are also easily available from here to reach various other localities of Mumbai.Hey Ravi, Got to know that the project was launched in the year Nov 2013 and construction work is going on in full swing. The project will be ready to occupy by June next year. The builder is quoting Rs. 25500 as rate per sqft. The apartments are well linked by road and rail mode of transport. Borivili station is just 3.5 kms from here and Western Express Highway is also at close range from the site. Buses, autos and taxis are also easily available from here to reach various other localities of Mumbai.
Q: Since I am planning to buy a flat in this project would like to know if there are any good medical centers and hospitals in and around the project?
My replies to this discussion
Dear Ravi, Came to know that the flats have 3 and 4 BHK units. Area for 3 BHK is 3100 sqft and costs approx 10.85 crore whereas the 4 BHK comes with an area measuring about 3600 sqft and price starts from 12.60 crore onwards. Construction work is in progress and most likely the possession will take place by Dec 2016.Dear Ravi, Came to know that the flats have 3 and 4 BHK units. Area for 3 BHK is 3100 sqft and costs approx 10.85 crore whereas the 4 BHK comes with an area measuring about 3600 sqft and price starts from 12.60 crore onwards. Construction work is in progress and most likely the possession will take place by Dec 2016.
Q: Hi, Came to know about Green Acres Hill city in Thane. My doubt is whether these are flats or plots?

My comments to replies
Hi Anuj, Had a contact with company executive and came to know that these are residential plots located in Jawahar in Thane. Initially even I thought that these are newly launched apartments.
Hmmm. K. I have plans of buying a plot for investment purpose in this place. What is the rate and the size available? Is it a good option to invest in this property? Your valuable suggestions will be highly appreciated.
11th March 2014

Q: Looks like the financial capital of India is going to get a huge boost by way of excellent infrastructure.
My comments to replies
Hi all, Hey in fact the Govt is also upgrading the present airport terminal with more facilities for the comfort of the air passengers and upgrading it to world class standard.
Dear Ravi, Also came across that the first phase of metro link from Ghatkopar to Andheri will commence shortly and this will be a huge plus point to many Mumbaikars as this will reduce the travel time to a great extent.
11th March 2014

Q: Can I know how is the reputation of the builder as I am planning to book a flat. Is anybody on the same page?
My replies to this discussion
Hey Ravi, I just recently booked a flat in Swastik Epitome. Heard that the builders of this project M/s. Swastik Group are one of the reputed group of builders. They are professionally managed construction company with an unimpeachable record of meeting and even exceeding customer expectations in the Residential and commercial sectors. Swastik Group has a track record of successfully planning executing and delivering a wide variety of projects. In the past decade the group has executed a number of renowned housing projects thereby establishing a network of Residential and Commercial Projects.Hey Ravi, I just recently booked a flat in Swastik Epitome. Heard that the builders of this project M/s. Swastik Group are one of the reputed group of builders. They are professionally managed construction company with an unimpeachable record of meeting and even exceeding customer expectations in the Residential and commercial sectors. Swastik Group has a track record of successfully planning executing and delivering a wide variety of projects. In the past decade the group has executed a number of renowned housing projects thereby establishing a network of Residential and Commercial Projects.
Q: Planning to buy one of the units in this project? How good is the locality where the proposed flats are coming up? Do let me know.
My replies to this discussion
Hello Ashish, May I know your exact requirements like what units are you looking at in this project. As we all know Juhu is the most sought after locality in Mumbai. It is not only one of the posh locality but also well maintained locality with respect to civic and social amenities are concerned. The locality is the house for several famous celebrities, industrialists, cricketers, film personalities.Hello Ashish, May I know your exact requirements like what units are you looking at in this project. As we all know Juhu is the most sought after locality in Mumbai. It is not only one of the posh locality but also well maintained locality with respect to civic and social amenities are concerned. The locality is the house for several famous celebrities, industrialists, cricketers, film personalities.
Q: Want to book a flat in this project? How is the overall infrastructure and connectivity? Anybody any idea about it?
My replies to this discussion
Hi Ravi, Is the project being launched and when is its due completion date? How many floors are there in this project? If I book a flat from investment point of view then will I get an good resale or appreciation value?Hi Ravi, Is the project being launched and when is its due completion date? How many floors are there in this project? If I book a flat from investment point of view then will I get an good resale or appreciation value?
Q: Planning to buy a flat in this project. What is the builder credential? Has anybody booked a flat in this project.
My replies to this discussion
Hi, Want to know where exactly does the project are coming up in Mumbai and how is its connectivity to other localities as I am planning to book a flat in this unit. What is the price the developer is quoting for this project? do let me know about it.Hi, Want to know where exactly does the project are coming up in Mumbai and how is its connectivity to other localities as I am planning to book a flat in this unit. What is the price the developer is quoting for this project? do let me know about it.
Q: How is the real estate market and how good is the locality for investment purpose? Need expert advice?
My replies to this discussion
Hi Ravi, Hey looking for a flat in this locality. Can anybody let me know some good projects coming up in this locality as my budget range from 60- 80 lakhs.Hi Ravi, Hey looking for a flat in this locality. Can anybody let me know some good projects coming up in this locality as my budget range from 60- 80 lakhs.
Q: I am a NRI and looking forward to invest in Neelkanth Valley in Khopoli? Is this the good project to invest and what about the appreciation that I will get in 5-6 years from now. Any suggestions!!!!
My replies to this discussion
Hi Ashish, You have taken an excellent decision by planning to invest in this locality. The area offers you the perfect blend of urban connection and natural splendors. Located in the foreground of serene environment, beautifully dotted with soothing lakes, natural waterfalls and calming temples, And tucked in this peaceful locale is Neelkanth Valley. It is a prestigious project by Neelkanth Properties, one of the most renowned names in building landmarks across Mumbai.Hi Ashish, You have taken an excellent decision by planning to invest in this locality. The area offers you the perfect blend of urban connection and natural splendors. Located in the foreground of serene environment, beautifully dotted with soothing lakes, natural waterfalls and calming temples, And tucked in this peaceful locale is Neelkanth Valley. It is a prestigious project by Neelkanth Properties, one of the most renowned names in building landmarks across Mumbai.
Q: Hi, How is the area and the project for Investment purpose?
My replies to this discussion
Ok... what is the apartment sizes and the pricing??Ok... what is the apartment sizes and the pricing??
Thanks for the information...alos i wish to know if any bank is funding this project?Thanks for the information...alos i wish to know if any bank is funding this project?
My comments to replies
Ok... what is the apartment sizes and the pricing??
Guess, i will goin for a 2 Bhks as i was looking for something with 1cr.. what all facilities are being offered?
19th March 2014

My comments to replies
Hi all, Can anybody share the information of the Developer Omkar Krupa Builders & Developers? What is the current status of this project?
Hello Abhijit, Omkar Krupa Builders and Developers was incorporated in the year 2002 and is one of the prominent real estate builders. The group has always created world class projects with all necessary amenities and services to satisfy the customers in all manners. They provide quality work with standard amenities. The developers mainly focus on customer satisfaction as the key aspect, which have helped them earn a trusted reputation in the domain.
26th June 2015

Q: Hi, Can somebody let me know what is the present price per sqft in this project??
My replies to this discussion
Hi Ravi, Came to know that they are delivering the project by Aug 2014. The flats are well connected by road and rail means of transport. Located at price locality in Juhu near to multispeciality hospitals, schools, colleges, parks, beaches, shopping centers, movie theaters etc. CST airport just being 4-5 kms from the project.Hi Ravi, Came to know that they are delivering the project by Aug 2014. The flats are well connected by road and rail means of transport. Located at price locality in Juhu near to multispeciality hospitals, schools, colleges, parks, beaches, shopping centers, movie theaters etc. CST airport just being 4-5 kms from the project.
Q: Hi, As I am planning to book a flat in this project, which banks have approved for finance so that I can go ahead and take home loan accordingly.
My comments to replies
Hey Anuj, Thanks for the latest updates about the pricing. How good are the amenities and is the prices quoted is inclusive of all taxes or exclusive of taxes. How is the connectivity??
Dear Ashish, Actually the price quoted are excluding registration, stamp duty and other Govt charges. The charges are not included in the price of the cost. Heard that the flats come with good amenities like garden, jogging track, gym, children play area and 100% power backup. The project are well connected by road and rail. Western Express Highway is at close proximity. Dahisar station is hardly 7-8 minutes and Borivali station is just 12 minutes from the site.
25th March 2014

Q: Hi, Want to know the connectivity and the approach to this project as I am thinking of booking a flat in this project.
My replies to this discussion
Hi Ravi, Heard that the project was being launched in the year Oct 2013 and possession is most likely by Dec 2015. Amenities given by the builder include health club with gym, cafe, steam and sauna, pristine swimming pool, jogging track, tennis court, 24 hrs water, 100% power back up and 24/7 security.Hi Ravi, Heard that the project was being launched in the year Oct 2013 and possession is most likely by Dec 2015. Amenities given by the builder include health club with gym, cafe, steam and sauna, pristine swimming pool, jogging track, tennis court, 24 hrs water, 100% power back up and 24/7 security.
Q: Hi, Want to know how many blocks and floors are there in this project, since I am thinking of booking a flat in this project.

My comments to replies
Dear Anuj, Came to know that there are 2 blocks consisting of 14 floors. Work has already commenced for the block 1 and most likely the possession will be around Dec 2016 when block 2 will get finished.
Thanks Mr Ashish for the immediate reply. Can u kindly let me know what are the flats that are available in this project and its price. What is the present price the builder is quoting per sqft?
28th March 2014

Q: Had booked almost 4 years back.... No communications with the builders. Now they seek a increase in premium for per square feet....... Not my problem if they took the advance and put an fullstop to the construction......

My comments to replies
@Kishore, But if you are planning to buy property within the Municipal limits of Mumbai, is exactly the localities which I mentioned i.e. Sewri, Wadala, Goregaon (East) and certain areas of Chembur. I would also say Bhandup, Kanjur Marg, when you compare LBS Marg vs Western Express Highway, there is a big delta in terms of valuation. That area looks very attractive.
Hey, Now-a-days, real estate market of Nalasopara is in huge demand? Why is the residential demand in the locality is high?
22nd April 2015

Q: Hi, most projects are not affordable by the majority of Indians, still high priced projects are being build by builders. discuss!!
My comments to replies
Hi,The Ministry of Housing and Urban Poverty Alleviation (MHUPA) in 2012 said that there less supply of around 18.78 million housing units in urban India and 95% of this non availability affects the EWS and Low Income Group.
The reports say that the demand for urban housing will scale up by nearly 12 million units by 2017 and without the builders venturing into this affordable section, this will remain unmet resulting in huge problems in the urban cities.
22nd April 2014

Q: Which all units area available in this project ? I am planning to buy a property here. Can you share the price range and size quoted for it ?
My replies to this discussion
Hello, you can follow this link for your requirementsOur Town Casa Rio Apartment, Thane OR Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile. Hello, you can follow this link for your requirementsOur Town Casa Rio Apartment, Thane OR Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.
Q: i am planning to buy a 1BHK of 30 Lacs for investment purpose Which would be the best to consider out of vasai ,nalasopara or virar.I don't want extra amenities like swimming pool ,gymnasium etc. Also please suggest the locality considering rental income and future appreciation.I have seen many projects in vasant nagari Should i be investing in this locality.Please help !!
My replies to this discussion
Hi, Here are the few project in Vasai ,Nalasopara or Virar available in your budget 1BHK Apartments for sale in Virar West, Mumbai 1BHK Apartments for sale in Nalasopara West, Mumbai 1BHK Apartments for sale in Vasai East, MumbaiHi, Here are the few project in Vasai ,Nalasopara or Virar available in your budget 1BHK Apartments for sale in Virar West, Mumbai 1BHK Apartments for sale in Nalasopara West, Mumbai 1BHK Apartments for sale in Vasai East, Mumbai
Q: Neelkanth Valley is residential projects develop by Neelkanth builders and developers. Neelkanth Valley is Phase I & II big residential complex constructing near Khopoli railway station. Neelkanth Valley Features:  1,1.5,2,3 Bhk flats are available  2 min from Khopoli railway station  Skating area and play ground  Ayurvedic/Herbal garden  Club house  Gym  Modern amenities in flats

My replies to this discussion
Hi, Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants. Hi, Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants.
Q: Hi.. what is the ongoing price of this project and what all configurations are available in this??
My replies to this discussion
Hi, I wanted to know some of the major USP of this project. How far is the project from the Dombivali Station? Are all the approvals are in place?Hi, I wanted to know some of the major USP of this project. How far is the project from the Dombivali Station? Are all the approvals are in place?
Thanks for the information Anuj, How is the project locality and connectivity to the other parts of the city? How much they are asking for booking?Thanks for the information Anuj, How is the project locality and connectivity to the other parts of the city? How much they are asking for booking?
Hi, i was advised a basic price of around Rs 4000 for this project. They have quite a few sizes and options in 1 BHK, 1BHK+Study, 2 BHK, 2 BHK+study, 3 BHK and from sizes varying from 645sqft to 1105sqft.Hi, i was advised a basic price of around Rs 4000 for this project. They have quite a few sizes and options in 1 BHK, 1BHK+Study, 2 BHK, 2 BHK+study, 3 BHK and from sizes varying from 645sqft to 1105sqft.
My comments to replies
Hi, Is the sample flat ready for Phase-2 project so that I can go and have a look?
Hi Devika, Sample flat is ready at Phase-2 site, you can go and have a look and write the updates of this project. Thanks....
15th July 2015

Hi all, Can anybody post the payment schedule for new bookings ? I am looking for 1 BHK.
Hi Neeraj, 1) Booking amount-Rs 100,000 2) First Installment 19 % of Consideration Value in 42 Days from date of booking including of booking amount.
15th July 2015

Hi, i was advised a basic price of around Rs 4000 for this project. They have quite a few sizes and options in 1 BHK, 1BHK+Study, 2 BHK, 2 BHK+study, 3 BHK and from sizes varying from 645sqft to 1105sqft.
Yeah, the builder is ok and have done a couple of projects before this namely Runwal Euphoria and Runwal Pearl.... this project is in Dombivali close to Bharat Infra Eco Vistas ans Lodha Casa Rio.. so this will be a residential area andquite good as well...
14th July 2014
hmm.. i was told that its about 15 mins drive from Dombivali station and 30 min from Thane... Its more close to Shilphata junction and the kopar station...
14th July 2014

How are the amenities here?? what all facilities will be available??
This is a modern township and there will be facilities for kids play are, jacuzzi, amphitheater, swimming pool, indoor and outdoor games area, power back up, fire alarm, club house etc.
14th July 2014

As far as developer is concerned, Runwal Group established in 1978 has developed more than 65 large scale projects that have defined the standard of residential, commercial and retail spaces across Mumbai and thane. Some other projects of this developer are Runwal Codename Walk in Dombivali, Runwal Greens in Mulund West, Runwal Bliss in Kanjurmarg, Runwal Forests in Kanjurmarg, Runwal Elegante in Andheri West, Runwal My City in Dombivali, Runwal Eirene in Thane West etc.
I visited the locality 2 years back and whatever i saw in the locality, wanna share with you. Dombivali is located in Thane district and comes under Kalyan-Dombivli Municipal Corporation (KDMC). This locality is divided into two major parts i.e. Dombivali East and Dombivali west, the place is located at a distance of 50 kms from Mumbai, around 20 kms from Thane and about 30 kms from Navi Mumbai (Vashi). It is in close proximity to major IT parks such as Dhirubhai Ambani Knowledge City, Millennium Business Park and Airoli IT Park.
9th June 2015
Me too heard that effect of rise in service tax to 14% in real estate, it has been increased to 3.5% from previous value of 3.09%. Runwal would send demand letters based on the new rates, for anything due on or post 1 june 2015.
9th June 2015

Q: Hello, please advise about this project.. its price and availability?
My replies to this discussion
Well this project has options of 1 bhk and 2 bhks in 3 buildings...I think that there is availability in this project but i guess you need to reconfirm with the developer about the availability...Well this project has options of 1 bhk and 2 bhks in 3 buildings...I think that there is availability in this project but i guess you need to reconfirm with the developer about the availability...
My comments to replies
Well this project has options of 1 bhk and 2 bhks in 3 buildings...I think that there is availability in this project but i guess you need to reconfirm with the developer about the availability...
well i was told around Rs 2600 per sqft so i think it will cost approx Rs16-18 Lakhs for a 1BHK... there are just 4 floors and parking at the ground level.. there is also few ground floor flats as well.
17th July 2014
well no this is not township project .. there is a single building and 3 wings if im not wrong. there will be provision of Rain water housing and piped gas supply.. and security as well..
17th July 2014

How is the location of this project, the accessibility and all???
well the project is approximately 5kms from Boisar station and is off the Tarapur Boisar road..... the tarapur beach is about 7 kms away..... the location has got good connectivity through road and rail to palghar, thane , bhiwandi and wada...
17th July 2014

Q: Hello, please advise the pricing of this project !!
My replies to this discussion
Vasai that lies in the thanne district is an upcoming suburb of mumbai. the area has the vasai station on the western line and the vasai road station on the central line... so good connectivity..even with the roads... the area has affordable homes and a healthy mis of schools,hospitals, malls , branded outlets and eateries... Good location for the middle class investmentVasai that lies in the thanne district is an upcoming suburb of mumbai. the area has the vasai station on the western line and the vasai road station on the central line... so good connectivity..even with the roads... the area has affordable homes and a healthy mis of schools,hospitals, malls , branded outlets and eateries... Good location for the middle class investment
Q: Hi, Good news for those who has agriculture land and wanted to be convert into non-agriculture land. The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting.
My replies to this discussion
Hi, In a move that could boost development in Maharashtra, the state cabinet has simplified the process to convert agricultural land in cities and towns into non-agricultural land. But it is not mentioned anywhere that what about the land in Rural areas ..Can someone explain a bit in the below words meaning ?Hi, In a move that could boost development in Maharashtra, the state cabinet has simplified the process to convert agricultural land in cities and towns into non-agricultural land. But it is not mentioned anywhere that what about the land in Rural areas ..Can someone explain a bit in the below words meaning ?
My comments to replies
Hi, In a move that could boost development in Maharashtra, the state cabinet has simplified the process to convert agricultural land in cities and towns into non-agricultural land. But it is not mentioned anywhere that what about the land in Rural areas ..Can someone explain a bit in the below words meaning ?
Right Rajat, Earlier, collector's nod was mandatory but had given rise to many complaints of unnecessary delays and corruption. Once the municipal corporation or municipal council gives their approvals, the owner just needs to notify the collector in 30 days. No permission from the collector is required.
4th June 2015

My comments to replies
Which is a better place for investment in comparison , Palghar or Khopoli or Ghodbunder road in the budget of 30 to 35 lakhs
I think Ghodbunder Road in Thane would bes the best destination for your property investment. While property prices in Thane have seen a hike, none have witnessed a hike as steep as the Ghodbunder Road, mainly due to its proximity to nature and fast pace of development coupled with Government's proposed plans to increase connectivity. Real estate experts believe that property buyers here have enjoyed a 300% growth in the last 5 yrs.
24th August 2015

Q: I have purchased new flat in Oct 2012 in Panvel,Navi Mumbai.I have paid 20% (4Lakh)amount and made 80 (12 lakh) % loan.i confuse about who's will pay service tax and VAT and how much?
My comments to replies
Hi, I am planning to buy a under construction property in Andheri East? What is the revise Service Tax and VAT in Maharashtra on under construction property? Can anybody explain it?
Hi Arup, Service Tax and VAT applies on all under construction property transactions. However, their actual value varies with states in which the property is being constructed. Presently the rate of service tax is 12%. Taxes like Education cess and higher education cess is calculated on top of the service tax which makes the effective rate of service tax to 12.36%. VAT are levied on the sale of goods (movable properties). For any sale to attract VAT, it should involve transfer of goods from a person to another. In case of under-construction properties, the transfer of goods applies to the transfer of ownership rights from the builder to you in the form of a sale agreement. VAT is charged at the rate of 1% of agreement value in Mumbai.
14th July 2015

Q: How much rent I can expect from a 3-BHK flat (fully furnished) at Runwal's Orchard Residency, Ghatkopar(West), LBS Marg, Mumbai-400086.

My replies to this discussion
Hi, Also the 3BHK is available in 1349 sq-ft, @ Rs. 52000/month. To view the full details click the following link 3BHK for sale at Runwal's OrchardHi, Also the 3BHK is available in 1349 sq-ft, @ Rs. 52000/month. To view the full details click the following link 3BHK for sale at Runwal's Orchard
Q: i m scared by comments of investor in this project should i go for tirupati balaji residency project in sukapur akurli panvel is it worth or fake ?
My replies to this discussion
Hi all, It is heard that the Phase 5 is now recently launched in Tirupati Balaji Kalash project. What will be the cost of 2BHK? Have they got all the legal approvals for Ph-5?Hi all, It is heard that the Phase 5 is now recently launched in Tirupati Balaji Kalash project. What will be the cost of 2BHK? Have they got all the legal approvals for Ph-5?
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
Secondly, check your agreement, whether their is any clause mentioned for delaying payment. If yes, then send him a mail or notice for compensation of delay. If the developer is not ready then take a copy of delay notice along with the document and file a case.
31st December 2014
A buyer who is the victim of the unfair practices of the builder can approach the following forums for his redressal: 1) he can file a civil suit in a Civil Court He can file a complaint before the consumer forum. 2) he can file a complaint before the Competition Commission of India. 3)he can approach Regulatory Forums and 4) he can file a Criminal Case.
31st December 2014

Q: Hi, can anybody tell me how is the project locality?

My replies to this discussion
Hi, In terms of connection, this project offers exceptional choices with the confluence of this Eastern Express Highway, Eastern Freeway, recently inaugurated Santa Cruz-Chembur connect path, Metro in addition to Monorail. It is just a few mins distance from Nariman Point : 24 Minutes, CST - 18 Minutes, Dadar - 15 Minutes, Airport - 30 Minutes, BKC - 17 Minutes etc.Hi, In terms of connection, this project offers exceptional choices with the confluence of this Eastern Express Highway, Eastern Freeway, recently inaugurated Santa Cruz-Chembur connect path, Metro in addition to Monorail. It is just a few mins distance from Nariman Point : 24 Minutes, CST - 18 Minutes, Dadar - 15 Minutes, Airport - 30 Minutes, BKC - 17 Minutes etc.
My comments to replies
Hi, Can anybody provide me the short details about the project? What is the current price going on? Which all banks are offering housing loan for this project?
Hi Ashish, The project provides designer apartments of 2/3 BHK having a built area of 1485 to 2718 square feet and deluxe suites of 1 BHK from 738- 810 square feet. The current price is Rs. 18585/sq-ft. It will cost arount Rs. 1.35 CR to 1.49 Cr for a 1BHK. This total development is a part of 250 acres development program of MMRDA into 3 phases in which 70% opens space i.e 15 Acres.
1st September 2014
Well, Investment wise area is too good as the area is bordered by Dadar on the West, Matunga on the Northwest and Sewri on the South. One can get local trains from Wadala to travel towards Navi Mumbai as well as the western suburbs. It also has various schools and reputed institutions. While the micro market prices are pushing Rs. 20,000, this offer is available for a limited period at nearly Rs. 17,000 making this the best time to investment. It is expected that the price will appreciate by 130% touching Rs.35000/sq-ft by 2017. It is expected that the possession date will be October'2018 and price mentioned is negotiable.
1st September 2014

Hi all, Do you know that Lodha Codename Superstar is one of the most awaited projects by Lodha Group. The interiors of this project are designed by Kelly Hoppen, a British interior designer who has created a unique style that captures the spirit of the east while incorporating the best of Western craftsmanship. This project is a part of 22 acres development Lodha New Cuffe Parade.
@Shrikant, This total development is a part of 250 acres development program of MMRDA and three phase of this project is covered from Mono rail, Metro rail and eastern expressway. So any of the important places of the city will be in easy access to you.
16th September 2014

My comments to replies
HI, I bought flat in Runwal Garden city Thane- Phase-II, posession awaited 95% payment made to the builder. Since my agreement was made before 1st Apr 2010, builder has demanded 5% vat on agreement value. Is the 5% Vat on agreement value is valid? This is not fare from government to leavy 5% vat on bases of agreement date. I can't see any proper guidelines from government on collection of 5% vat on agreement value. I'm afraid the builder will take advantage of this and collect 5% vat which may not be paid to govt. Is the 5% vat on agreement value is valid? Is there any official document/guidelines declared by govt.? Can we show this guidelines and ask builder to follow the same?
Hello Sir, VAT rates in Maharashtra for new construction units is 1% under composition scheme, or 5% on value of flat without land cost and with allowable deduction of Cenvat input credits. Builders cannot blindly pass on 5% VAT of the agreement value without giving credits of input vat and land cost, and throw away their individual liabilities on the customers' head. There are various notifications issued by Government in this regard, which you can get from any local CA.
18th September 2014

My replies to this discussion
@Yamini, You can also go for Lodha Splendora by Lodha Group. This is brand new property. Flats are available in it for rent in 2/3 BHK from 1025-1600 sq-ft. @ Rs. 17000-25000/month. For more details click the link below Properties for Rent in Lodha Splendora, Thane @Yamini, You can also go for Lodha Splendora by Lodha Group. This is brand new property. Flats are available in it for rent in 2/3 BHK from 1025-1600 sq-ft. @ Rs. 17000-25000/month. For more details click the link below Properties for Rent in Lodha Splendora, Thane
Q: Author Mr. Rushabh Turakhia, in his book 'Your Turn Now' speaks about spreading happiness with the joy of reading. Come, live this philosophy at #Palava in a special book reading session at Lodha World School on the 20th of September at 4 pm. #LoveOfReading . Saturday Sept 20th 2014 Storytelling for Children and Adults by Fun Ok Please! The book “Your Turn Now” is a collection of 44 heart warming, true stories about making the world a happier place through acts of everyday kindness Venue: Lodha World School Auditorium Timing: 5.00pm – 7.00pm Age: 4 to 80 To Register Please Call: 0251 – 6696327 Or Email: arts.culture@mypalava.org Free snacks and beverages for all registered participants Palava Residents you can register at your nearest Club House Reception Desk.

My comments to replies
Hi, Few days back ASAPP Media has organised Construction World Architect & Builder (CWAB) Awards. In this programme they emphasized on the need for a mandatory change to develop smart cities in India. They also told that innovation in aspects such as technology, financing, project management etc. can make a key difference, which not only changes lives but also saves lives too.
@Ramesh, I read this news. This award was categorized into four category 1). India's Top Innovisionary Architects, 2). Most Admired Architects, 3) India's Top Innovisionary Builders not last but the least Most Admired Builders in which Babu Singh Rajguru, Director, Lodha Group was awarded.
16th September 2014

Q: Dear All We are Looking 2or 3bhk for my geniune Client Please Call if u have

My replies to this discussion
Hi, There are few units in 3BHK is available for sale in Peninsula Ashok Towers, Parel, Mumbai. For more information about the project click the link Peninsula Ashok Towers, Parel, Mumbai Or, You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile. Hi, There are few units in 3BHK is available for sale in Peninsula Ashok Towers, Parel, Mumbai. For more information about the project click the link Peninsula Ashok Towers, Parel, Mumbai Or, You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
My replies to this discussion
However, these projects are built over a large area which cannot be a possibility in main city centers of Mumbai. Hence for investment in such projects, one needs to move out from city limits and explore the border areas where these can be executed like Dombivli, Bhiwandi in Thane and Dronagiri, Kharghar in Navi Mumbai.However, these projects are built over a large area which cannot be a possibility in main city centers of Mumbai. Hence for investment in such projects, one needs to move out from city limits and explore the border areas where these can be executed like Dombivli, Bhiwandi in Thane and Dronagiri, Kharghar in Navi Mumbai.
Q: I am planning for a site visit. can anyone provide me the Gajra Bhoomi Lawns Ph-2 overview?

My replies to this discussion
Hi everybody, I am planning to invest in Kayan-Shil Road, Dombivli, Mumbai. Is it safe to invest in this locality? How is the connectivity of this area and also the name some prominent builders of this locality?Hi everybody, I am planning to invest in Kayan-Shil Road, Dombivli, Mumbai. Is it safe to invest in this locality? How is the connectivity of this area and also the name some prominent builders of this locality?
Q: Mahindra Lifespaces Developers, the real estate arm of Mahindra Group, on 10.10.2014 launched its 2nd affordable housing project in Mumbai.

My replies to this discussion
Hi Amreesh, Currently, Urban India has an estimated 19 million families either living in slums or in low income neighbourhood on rent and this housing loss is likely to rise to 38 million by 2030. Targated at large, under served home ownership market in India. Mahindra Lifespace Happinest spread over 14 acres, it offers 1RK, 1BHK and 2BHK apartments in the range of 351 sq-ft to 695 sq-ft.Hi Amreesh, Currently, Urban India has an estimated 19 million families either living in slums or in low income neighbourhood on rent and this housing loss is likely to rise to 38 million by 2030. Targated at large, under served home ownership market in India. Mahindra Lifespace Happinest spread over 14 acres, it offers 1RK, 1BHK and 2BHK apartments in the range of 351 sq-ft to 695 sq-ft.
This development will have power back up for common areas, elevators, open car parking, walking track and plenty of open spaces for senior citizen, children of all ages will be able to enjoy themselves in open areas ranging from tot lots and toddler play areas to cricket ground, a volleyball court and a badminton court.This development will have power back up for common areas, elevators, open car parking, walking track and plenty of open spaces for senior citizen, children of all ages will be able to enjoy themselves in open areas ranging from tot lots and toddler play areas to cricket ground, a volleyball court and a badminton court.
Q: What is the total land area in this project and when is the project getting completed?
My replies to this discussion
I have a budget of Rs 1 crores and planning to buy an apartment in this project. Can you please tell me which configuration will suit my budget? Also share the rate per sqft and approvals.I have a budget of Rs 1 crores and planning to buy an apartment in this project. Can you please tell me which configuration will suit my budget? Also share the rate per sqft and approvals.
I am looking for expert advice as this is my first buy. Please share the locality reviewI am looking for expert advice as this is my first buy. Please share the locality review
Q: I heard that Karjat is a perfect destination for second home buyers. Please expalin

My replies to this discussion
HI everybody, Karjat is a beautiful place which gives you various options for making investment here. It is also a tourist place where people visit from various countries. Tourism is one of the growing businesses in Karjat. There are so many nice restaurants, hotels and various beautiful places to visit in Karjat. If you are looking for property in Karjat, then it can be a very profitable investment because Karjat property rates are increasing day by day.HI everybody, Karjat is a beautiful place which gives you various options for making investment here. It is also a tourist place where people visit from various countries. Tourism is one of the growing businesses in Karjat. There are so many nice restaurants, hotels and various beautiful places to visit in Karjat. If you are looking for property in Karjat, then it can be a very profitable investment because Karjat property rates are increasing day by day.
As far as its connectivity is concerned Karjat is about 70 kms from Mumbai and about 120 kms from Pune. Upcoming Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), largest exhibition center (Panvel) & Terminus Railway Stations (Panvel) is about 20 kms from Karjat.As far as its connectivity is concerned Karjat is about 70 kms from Mumbai and about 120 kms from Pune. Upcoming Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), largest exhibition center (Panvel) & Terminus Railway Stations (Panvel) is about 20 kms from Karjat.
Q: Hey, Can anybody tell me about the discount offers in Vaibhav Palghar, palghar, Mumbai?

My replies to this discussion
HI, There are two big offers one is from VBHC : Avail Rs. 10,000/- off on booking the project. This offer is valid for limited period only. And 2nd offer from Offer SMC Real Estate Advisors Pvt. Ltd : Assured Gold Coins on all bookings.HI, There are two big offers one is from VBHC : Avail Rs. 10,000/- off on booking the project. This offer is valid for limited period only. And 2nd offer from Offer SMC Real Estate Advisors Pvt. Ltd : Assured Gold Coins on all bookings.
My comments to replies
Hi, I am planning to invest in this project. Can you provide some information of this project like sizes, current price, possession etc.?
Hello ravi, Vaibhav Palghar Greens by Value & Budget Housing Corporation Pvt. Ltd. is a residential project constructed on acres of land, comprising of 302 apartments of 1/2 BHK apartments that are spread over 8 blocks. Each block has G + 4 floors with 8 apartments on each floor. The project was launched in October 2013 and they are committed to delivering it by December 2015. Construction work is in full pace.
17th October 2014
This project comes under 2 phases. Phase-1 offers 1BHK in 533-589 sq-ft. and 2BHK in 714 sq-ft. Whereas Phase-2 offers 1BHK in 534-589 sq-ft and 2BHK in 793 sq-ft. Approximate cost of 1BHK in phase-1 will cost around Rs. 17.15 lacs - Rs. 18.69 lacs and Rs. 22.61 lacs for 2BHK. Similarly, in Phase-2, 1BHK cost around Rs. 17.15 lacs to Rs. 18.69 lacs and for 2BHK, Rs. 24.87 lacs.
17th October 2014

Thanks Sandeep, Do you have any construction updates of this project? Are the sample apartments ready for the site visitors?
Your welcome Sandeep, Construction at Vaibhav-Palghar Greens project started in April 2014 and has been going at a smooth pace. Here are the individual Block wise updates: Ax1 Block (Excavation) - Excavation completed, foundation work will start shortly. Ax2 Block (Excavation) - Excavation completed, foundation work is in progress. C1 Block (Excavation) - Foundation work completed, Superstructure work in progress. Yes, Fully furnished model apartments are ready and we encourage you to come and visit it and interact with us on-site.
17th October 2014
Well Ravi, Palghar is the first major junction after Virar on Mumbai’s Western Railway line and is the Taluka housing all nodal government offices like the Nagar Parishad, PWD Office, MSEB, Tehsil Office, Sub Registrar Office, Sikshan Vibhaag and Session Court. It is located 10 kms from Maharashtra’s biggest MIDC (Tarapur MIDC). In addition, beautiful beaches (Kelva, Mahim and Satpati) and ancient forts (Kelva and Shirgaon) in the vicinity of Palghar make the place an attractive tourist getaway.
17th October 2014

Q: Guys can any body help in knowing the Bhoomi acres phase one which is ready possession. Phase II is under constr. and June 16 is possession phase one is 12 floor. Is there any major quality difference in two Want to know more on the same

My replies to this discussion
Hi all, Bhoomi Acres is one of the popular Residential Developments in Thane West neighborhood of Mumbai. It is among the well known Projects of Bhoomi Group. The landscape is beautiful with spacious Houses. Hiranandani Estate is the famous landmark and all the basic needs are within reach from the project. It offers1/2 BHK from 565-1140 sq-ft. and the current quoted price is Rs. 7800/sq-ft. and Rs. 50/sq-ft. from 2nd floor onwards.Hi all, Bhoomi Acres is one of the popular Residential Developments in Thane West neighborhood of Mumbai. It is among the well known Projects of Bhoomi Group. The landscape is beautiful with spacious Houses. Hiranandani Estate is the famous landmark and all the basic needs are within reach from the project. It offers1/2 BHK from 565-1140 sq-ft. and the current quoted price is Rs. 7800/sq-ft. and Rs. 50/sq-ft. from 2nd floor onwards.
My replies to this discussion
Hi all, I wanted to know the current price per sq-ft. and the various sizes available? Which all financial institutions are offering loan for this project?Hi all, I wanted to know the current price per sq-ft. and the various sizes available? Which all financial institutions are offering loan for this project?
My comments to replies
hi dwarkesh., dont ever buy in under construction properties. Now days builders are smart. If there is a big price difference then they will take the difference amount later. so no point investing in advance and wait for property. Now the property prices are going to be flat for 3 to 5 years. Better invest in FDs or mutual fund.
But remember one thing that one who has right to sell the property without getting possession from the builder can carry out the sale when the property is in under construction phase as it considerably decreases the tax liability in respect of capital gains. If the individual sells the property after getting possession the 3 yrs time comes into existence from the date of taking possession.
17th April 2015

My replies to this discussion
As far as developer is concerned Patel Group, established in 2009, is one of Mumbais leading real estate developers from Residential Apartments to Commercial Premises, They have successfully running several prestigious projects around Mumbai city and its Suburbs. Utilizing the real estate boom to its fullest, they are now developing ahead to provide a luxurious lifestyle to citizens all across the globe.As far as developer is concerned Patel Group, established in 2009, is one of Mumbais leading real estate developers from Residential Apartments to Commercial Premises, They have successfully running several prestigious projects around Mumbai city and its Suburbs. Utilizing the real estate boom to its fullest, they are now developing ahead to provide a luxurious lifestyle to citizens all across the globe.
Q: While hunting for homes, they came across some builders offering us the no EMI till possession scheme.

My replies to this discussion
Real meaning of NO EMI till possession is also called the support scheme, this is primarily a financial structuring scheme that works on the principle of 20:80. As a property buyer, we will have to pay only 20% of the property cost to the builder on registration. All EMIs will then begin only after they have taken possession of their home.Real meaning of NO EMI till possession is also called the support scheme, this is primarily a financial structuring scheme that works on the principle of 20:80. As a property buyer, we will have to pay only 20% of the property cost to the builder on registration. All EMIs will then begin only after they have taken possession of their home.
Since the builders are now paying the EMIs on behalf of their buyers, the pressure to complete a project on time is higher. This works to the benefit of the buyer who will be ready to move into a home of their own and stop paying rents.Since the builders are now paying the EMIs on behalf of their buyers, the pressure to complete a project on time is higher. This works to the benefit of the buyer who will be ready to move into a home of their own and stop paying rents.
But before investing here are some points to keep in mind:- One should need to research a lot into the financial structuring of the scheme and check on whether the builder is actually paying the entire EMI. There are chances that instead of exciting the EMI, it may be passed down to the buyer through a higher price point. You will also have to check on whether the builder has successfully completed such a scheme in an earlier project.But before investing here are some points to keep in mind:- One should need to research a lot into the financial structuring of the scheme and check on whether the builder is actually paying the entire EMI. There are chances that instead of exciting the EMI, it may be passed down to the buyer through a higher price point. You will also have to check on whether the builder has successfully completed such a scheme in an earlier project.
Q: Shifting to a new house on Ujjain Road soon, please tell me a little about the place. Im a little worried since its is on the outskirts of the city.

My comments to replies
Commercially the avenue isnt doing so well. There is no such major commercial establishment over here except for the Sarthak Garden. There are a handful of restaurants and eateries here though, like My Cafe Huts, and the Amrapali, Ashiyana family restaurant, and Luv Kush Garden Highway restaurant
I also live here, near the Star College. Our daily stuff we get from the Sharma Kirana Bhandar, and sometimes from Vaibhav kirana stores. There arent that many big supermarkets or malls over here Im afraid, but the small shops are in plenty.
15th January 2015

Q: i want to know about the project in pen arrow city mahattan , does this project working , it started in 2008 and nothing has been developed since 6 yrs , only sample flats from last 4 yrs . please let me know if dis project is good or not

My comments to replies
Can anyone please confirm the latest on Arrow City. It has been over a year since the last query.
Hi Minal, Arrow city MD Vineet Malhotra has purchased land for this project using fake 7/12 prepared from village Koleti in Pen. Using this fake 7/12 Vineet Malhotra has prepared fake farmer’s certificate from Pen Tehsildar and purchased further land for this project.
15th February 2016

Q: People want to register before the state's new ready reckoner regime came into effect on January 1.
My replies to this discussion
Hi Sanjana, According to me, ready reckoner rate is the base rate of property that determines stamp duty and registration charge collected by the government in the course of a property transaction. While stamp duty is 5% of the ready reckoner or market rate, whichever is higher, registration charge is likely to be 1% of the total value of a property from this year onwards. Till now, registration charge was fixed at Rs 25,000 per transaction on residential properties.Hi Sanjana, According to me, ready reckoner rate is the base rate of property that determines stamp duty and registration charge collected by the government in the course of a property transaction. While stamp duty is 5% of the ready reckoner or market rate, whichever is higher, registration charge is likely to be 1% of the total value of a property from this year onwards. Till now, registration charge was fixed at Rs 25,000 per transaction on residential properties.
Q: Do you think that 2015 is expected to be a happening year for the real estate sector?

My replies to this discussion
the second half of 2014 was full of positive surprises for India's real estate sector. Important events like banks lowering interest rates, RBI offering incentives for infrastructure financing and creation of real estate investment trusts (Reits) were one-of-its-kind initiatives that real estate developers cheered during last year.the second half of 2014 was full of positive surprises for India's real estate sector. Important events like banks lowering interest rates, RBI offering incentives for infrastructure financing and creation of real estate investment trusts (Reits) were one-of-its-kind initiatives that real estate developers cheered during last year.
Now, when we have entered into 2015, real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. These are 1) Residential plots to rule the haunt, 2) Heritage cities are a next big thing, 3) Industrial corridors to boost infra growth in hinterland, 4) Affordable Housing, 5) Faridabad realty market, 6) Regular versus luxurious amenities, 7) Smart City tag, 8) REITs and 9) Ready-to-move-up properties in Bangalore/NCR.Now, when we have entered into 2015, real estate developers and experts believe there could be even more interesting trends that would rule the real estate sector. These are 1) Residential plots to rule the haunt, 2) Heritage cities are a next big thing, 3) Industrial corridors to boost infra growth in hinterland, 4) Affordable Housing, 5) Faridabad realty market, 6) Regular versus luxurious amenities, 7) Smart City tag, 8) REITs and 9) Ready-to-move-up properties in Bangalore/NCR.
How residential plots to rule the haunt :- Unlike predictable market trends, residential plots are gaining importance among property buyers. Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. This can further be admittable by the fact that they are now considering upcoming smart cities, where apartment culture is yet to catch pace.How residential plots to rule the haunt :- Unlike predictable market trends, residential plots are gaining importance among property buyers. Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon. This can further be admittable by the fact that they are now considering upcoming smart cities, where apartment culture is yet to catch pace.
Yes Sir, Projects with over 1000 units or above are gaining ground in regions like Devanahalli and Hoskote in Bangalore and Old Mahabalipuram Road (OMR) and Grand Southern Trunk Road (GST) in Chennai. Interestingly, these projects are situated on the outskirts of the city. A few such projects can be spotted in north India as well.Yes Sir, Projects with over 1000 units or above are gaining ground in regions like Devanahalli and Hoskote in Bangalore and Old Mahabalipuram Road (OMR) and Grand Southern Trunk Road (GST) in Chennai. Interestingly, these projects are situated on the outskirts of the city. A few such projects can be spotted in north India as well.
Hi Nandakishore, The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come are Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya in 1st phase and Puri, Tirupati, Allahabad, Ujjain, Hampi, Rishikesh and Lucknow are in 2nd phase.Hi Nandakishore, The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come are Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya in 1st phase and Puri, Tirupati, Allahabad, Ujjain, Hampi, Rishikesh and Lucknow are in 2nd phase.
Well Tushar, As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. Thus, once completed, the real estate growth at Indias hinterlands, connected via these corridors, will be exponential.Well Tushar, As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. Thus, once completed, the real estate growth at Indias hinterlands, connected via these corridors, will be exponential.
Q: Before taking loan on mortgaging, it is crucial to understand its pediculous.
My replies to this discussion
A delay of one or two months, with a clear intent to make good the default, may not result in the borrower being asked to vacate the property. However, if the delay becomes over 4 months and remains at that stage for a long period or worsens, may get the borrower under law. Legal procedure depending on the type of legal procedure adopted by the financier, it could take anywhere between 6 months to 1.5 years for the lender to take possession of the property. A delay of one or two months, with a clear intent to make good the default, may not result in the borrower being asked to vacate the property. However, if the delay becomes over 4 months and remains at that stage for a long period or worsens, may get the borrower under law. Legal procedure depending on the type of legal procedure adopted by the financier, it could take anywhere between 6 months to 1.5 years for the lender to take possession of the property.
A mortgaged property cannot be sold without the permission of the lender to whom the property is mortgaged, especially if the loan is in default. If the loan is not in default, the property owner can sell the property and get his loan transferred to the buyer, by keeping the lender in the trap.A mortgaged property cannot be sold without the permission of the lender to whom the property is mortgaged, especially if the loan is in default. If the loan is not in default, the property owner can sell the property and get his loan transferred to the buyer, by keeping the lender in the trap.
Can a delay of one or two months vacate mortgage property? What is the minimum period of making repayment for loan? If a legal procedure taken by the financier, how long it will take for the lender to take possession of the property?Can a delay of one or two months vacate mortgage property? What is the minimum period of making repayment for loan? If a legal procedure taken by the financier, how long it will take for the lender to take possession of the property?
Q: The possession is late more more than a year. The builder didn't even inform about the issue. I suggest don't invest in Jalan projects. Your investment will be at risk.
My comments to replies
HI all, The price per square feet in the Neo City is between Rs 4032 and Rs 4039. The covered area is between 864 sq-ft and 885 sq ft. The price range for apartments in this property is between Rs 34.90 lakhs to Rs 35.69 lakhs.
Hi Vinay, The Neo City has 14 towers and 1065 units of 2 BHK apartments. You are right, the location is indeed very good. The nearest school is situated at a distance of just .70 km from the project. Hospitals, markets, banks etc are all nearby.
12th January 2015

My replies to this discussion
Yes, to get appropriate result, govt. should support those cities or state first. 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.Yes, to get appropriate result, govt. should support those cities or state first. 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.
My comments to replies
Hi Asish and Ravi, It is imperative to understand that Housing for all by 2022 is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes.
I appreciate your thoughts Daya, With almost 30% of our country's population falling under LIG and EWS groups, the current price trend in Indian real estate cannot be afforded by them. Thus, schemes like these are major incentives for this section of the society along with development of affordable homes.
23rd June 2015

Q: Yet to start the project. They are cheating the public.......... After advanced the payments of 5 lakhs, 4 years have gone not even the ground have been leveled...........
My replies to this discussion
Better, buyers do tend to check the reputation of a developer, before buying a property in their project, so it is natural for developers to be nervous about their online reputation. But, an easier way to regain the trust of the buyer would be through timely delivery of projects.Better, buyers do tend to check the reputation of a developer, before buying a property in their project, so it is natural for developers to be nervous about their online reputation. But, an easier way to regain the trust of the buyer would be through timely delivery of projects.
My replies to this discussion
The current property rates in the locality is Rs. 29690/sq-ft. Located in the southern tip of Mumbai, Parel is a fast-paced and rapidly developing locality, sandwiched between Eastern Freeway and Dr Baba Saheb Ambedkar Road. Its neighbouring localities include Worli, Dadar East, Ghodapdeo, and Prabhadevi. Parel has sound social infrastructure with notable schools, colleges, and hospitals scattered around the region. JBCN International School, Sharada Mandir High School and Junior College, Bombay Veterinary College, and Gokhale Education Society Parel Kendra are few educational institutions here.The current property rates in the locality is Rs. 29690/sq-ft. Located in the southern tip of Mumbai, Parel is a fast-paced and rapidly developing locality, sandwiched between Eastern Freeway and Dr Baba Saheb Ambedkar Road. Its neighbouring localities include Worli, Dadar East, Ghodapdeo, and Prabhadevi. Parel has sound social infrastructure with notable schools, colleges, and hospitals scattered around the region. JBCN International School, Sharada Mandir High School and Junior College, Bombay Veterinary College, and Gokhale Education Society Parel Kendra are few educational institutions here.
Q: The city's real estate group wants finance minister Arun Jaitley to present a budget that will create a strong foundation for achieving the "home-for-all" goal of the Narendra Modi government.
My replies to this discussion
@Santosh, You are right and i hope that this government can come out with a well-conceived PPP Model for development of low-cost/ budget housing. A detailed financial blueprint for the proposed 100 smart cities is expected from the budget. They also want industry status for real estate and 'priority' sector lending status for home-loans below Rs 75 Lakh.@Santosh, You are right and i hope that this government can come out with a well-conceived PPP Model for development of low-cost/ budget housing. A detailed financial blueprint for the proposed 100 smart cities is expected from the budget. They also want industry status for real estate and 'priority' sector lending status for home-loans below Rs 75 Lakh.
Q: Hey, Have you heard about the RBI's second rate cut?
My replies to this discussion
Even most of the bankers today hinted at lowering lending rates, but pressured monetary policy gets granted with a fall behind. Since there is a lag effect for monetary transmission, the effect of the previous 0.25% cut together with the present reduction would focus attention on banks to review their base rates.Even most of the bankers today hinted at lowering lending rates, but pressured monetary policy gets granted with a fall behind. Since there is a lag effect for monetary transmission, the effect of the previous 0.25% cut together with the present reduction would focus attention on banks to review their base rates.
Q: Hi, Has there been any change in Mumbai property taxes?

My comments to replies
Do you know Amreesh? In September 2014, with an increasing number of petitions filed in the Bombay High Court, which said that BMC was wrongly calculating property tax on the built-up area, the civic body had formed a committee to review the existing set of rules. The new set of rules is expected to come into effect from April 2015.
The civic body had proposed a new formula for calculating tax, i.e. carpet area × Ready Reckoner Rate × 1.2% in July 2014. The proposal was, however, rejected by the standing committee members, who criticised the civic body for failing to assist the burden on property owners. The revised set of rules has proposed the formula as "carpet area*RRR".
19th March 2015

Q: Hi, What are the pros and cons of new proposed FSI in the development plan?

My replies to this discussion
@Sunil, Builders are thinking that among number of other changes, the plan had increased the floor space index, which indicates permissible construction on any plot. According to experts, if height and developable limitations are re-engineered, companies will have to go back to the drawing board and reconstruct plans.@Sunil, Builders are thinking that among number of other changes, the plan had increased the floor space index, which indicates permissible construction on any plot. According to experts, if height and developable limitations are re-engineered, companies will have to go back to the drawing board and reconstruct plans.
My comments to replies
@Sunil, Builders are thinking that among number of other changes, the plan had increased the floor space index, which indicates permissible construction on any plot. According to experts, if height and developable limitations are re-engineered, companies will have to go back to the drawing board and reconstruct plans.
Yes, and it will help the buyers in many ways as Maharashtra Govt. has directed MCGM to submit a re-worked plan by August, after which it will be open for further suggestions.
8th May 2015

Q: I had booked two years back. Nothing is moving ahead. Feeling cheated. Can anybody help to update the actual status?

My comments to replies
I have also booked a flat in monarch greenscape more than 2 years back and till date not receiving any proper answer, I had booked it thur any agent and have the allotment letter but the agent is saying that the builder doesn't have money and will start the work soon and even he is tell me that the builder wants to refund the money without interest. I feel I have been cheated and planing to look for a advocate. Contact pavalankar@gmail.com
Good evening everybody I heard that Monarch Builder have shifted their office from Belapur to Vashi. Now they are planing to merge with some other builder to complete pending projects. I suggest you jointly visit the builder's new office to clarify our doubts face to face.
15th July 2015

Q: Hi, How are the rentals and sales in Andheri East?

My replies to this discussion
Hey all, I wanted to know the weighted average price of Andheri East? Why it is suddenly dropped in first quarter of 2015? Is property price in Andheri East is lesser compared to those of Andheri West?Hey all, I wanted to know the weighted average price of Andheri East? Why it is suddenly dropped in first quarter of 2015? Is property price in Andheri East is lesser compared to those of Andheri West?
Hi all, I am planning to relocate in Andheri East. Can you tell me what are the civic issues faced by the people there? It is heard that there are drainage and solid waste management related issues in the locality?Hi all, I am planning to relocate in Andheri East. Can you tell me what are the civic issues faced by the people there? It is heard that there are drainage and solid waste management related issues in the locality?
My comments to replies
Hey all, I wanted to know the weighted average price of Andheri East? Why it is suddenly dropped in first quarter of 2015? Is property price in Andheri East is lesser compared to those of Andheri West?
Thanks Abhijit, I wanted to know the resale trend in Andheri East? As i usually buy property in resale options. Which are the most common units available in resale option here?
5th May 2015

Hi all, I am planning to relocate in Andheri East. Can you tell me what are the civic issues faced by the people there? It is heard that there are drainage and solid waste management related issues in the locality?
Thanks for the truth Manish, It is also reported that due to metro rail work, the roads are majorly filled with sand and dirt. Traffic condition is also bad in the area. Illegal encroachments on several roads including Saki Naka is also active in the locality. Is it true?
5th April 2015

Q: I am planning on to buy a 3bhk resale property in Parth Dimple Heights, Thakur Comple, Kandivli E, So wanted to know some points. 1. How is the locality? 2. Approaximate Cost? 3. What is ideal size for a 3bhk? (built up & carpet)

My replies to this discussion
As far as locality is concerned, for the past few years Kandivali East has been among the top developing localities of the Western suburbs of Mumbai. The reason behind the increasing interest of buyers is this areas connectivity to the Western Express Highway; good infrastructure facilities such as shopping complexes, schools, colleges and affordability in comparison to the fully developed localities of Mumbai.As far as locality is concerned, for the past few years Kandivali East has been among the top developing localities of the Western suburbs of Mumbai. The reason behind the increasing interest of buyers is this areas connectivity to the Western Express Highway; good infrastructure facilities such as shopping complexes, schools, colleges and affordability in comparison to the fully developed localities of Mumbai.
My comments to replies
According to me, interest has never truly dropped in Dwarka. However, developers, especially investors, were thinking that it hard to hold the costs of units by them as property buyers were not preferring to buy. For those looking to leave the business, bringing down costs was the main choice. Case in point, builders as of late sold unit for Rs 95 lakh which was at first quoted at Rs 1.2 crore.
@ Gautam , As per my knowledge, the region has been drawing in a higher premium as a result of high demand in purchasing, barely any projects has been executed yet. Developers and investors said a stretch of in regards to four km in the 18km long was under proposed throughout the previous few years, as people had moved court and secured a stay order.
2nd April 2015

Q: Hi, the deal considers significance as being one of the largest single real estate project financing transactions in India.
My replies to this discussion
Hi Abhishek and Harmeet, I would like to explain some points that this is a novel structure with a blend of senior debt and also project funding secured against an exceptionally effective 20:80 plan in a project that is clearly settled with around 60% sales and noticeable development progress.Hi Abhishek and Harmeet, I would like to explain some points that this is a novel structure with a blend of senior debt and also project funding secured against an exceptionally effective 20:80 plan in a project that is clearly settled with around 60% sales and noticeable development progress.
Q: Why Mira Road ratings high on rental properties?
My replies to this discussion
Hi everybody, I am planning to rent a 2BHK flats in Mira Road. Can you tell me something about it's social and civic infrastructure? How is the drainage system in the locality?Hi everybody, I am planning to rent a 2BHK flats in Mira Road. Can you tell me something about it's social and civic infrastructure? How is the drainage system in the locality?
Q: My mother bought a 1 BHK in bhayander East in 1995 sep 5th. She paid a stamp duty of 1% but did not register the document. she wants it to give it to my younger brother. Should she register and pay the stamp duty and then transfer it to my brother or what is the procedure for doing it now after apr 2015
My replies to this discussion
Hi Kumar, Firstly, she has to register property in her name and will pay the stamp duty as per the new rule i.e.5% of the total property cost as per the the guidance value and market value whichever is higher if the property falls in Municipal Corporation and 4% if it falls under Municipal Council. Secondly they have to clear the all the dues taxes then only she can transfer the property to her younger son.Hi Kumar, Firstly, she has to register property in her name and will pay the stamp duty as per the new rule i.e.5% of the total property cost as per the the guidance value and market value whichever is higher if the property falls in Municipal Corporation and 4% if it falls under Municipal Council. Secondly they have to clear the all the dues taxes then only she can transfer the property to her younger son.
Q: What are the pros and cons of land acquisition bill ?

My comments to replies
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.
I have the same opinion Shalini, The Congress leader also accused the Centre of running away from its administrative and moral responsibility. JPC members and MPs Jairam Ramesh also admitted that he was not completely satisfied with the 2013 Land Acquisition Act brought by the previous UPA government, but added that he had to find a middle path being a cabinet minister then.
27th July 2015

Q: Hey, i have booked a flat in Vijaylaxmi Bliss, Andheri East. What is the current status of this project? When is the project possession date?
My replies to this discussion
Hi Mirani, Vijaylaxmi Bliss construction updates:- currently project is in full pace and two slabs are ready. It is expected that the possession date will be December'2016.Hi Mirani, Vijaylaxmi Bliss construction updates:- currently project is in full pace and two slabs are ready. It is expected that the possession date will be December'2016.
@Manilal, Vijaylaxmi Bliss by Vijaylaxmi, Andheri East, is a BMC approved project and almost all the banks and financial institutions such as HDFC, Axis, SBI and ICICI have approved this project for loan. Carpet area of 2BHK will be 621-632 sq-ft. Yes, they are offering car parking but don't know how much.@Manilal, Vijaylaxmi Bliss by Vijaylaxmi, Andheri East, is a BMC approved project and almost all the banks and financial institutions such as HDFC, Axis, SBI and ICICI have approved this project for loan. Carpet area of 2BHK will be 621-632 sq-ft. Yes, they are offering car parking but don't know how much.
My comments to replies
Hi Mirani, Vijaylaxmi Bliss construction updates:- currently project is in full pace and two slabs are ready. It is expected that the possession date will be December'2016.
Hi Ravi, Vijaylaxmi bliss by Vijaylaxmi located at Yogeshwari link Road, Andheri West, Mumbai offers 1/1.5/2 BHK residential apartment. It's sizes are 670 sq-ft. in 1BHK, 797 sq-ft in 1.5 BHK and 1000-1130 sq-ft in 2BHK. It's current pricxe is Rs. 14000/sq-ft. a 1BHK will cost around Rs. 87.10 lacs onward, 1.5 BHK Rs. 1.03 cr onward and 3BHK will cost to you Rs. 1.46 cr onward.
20th April 2015

Q: Why the number of unsold flats is on the rise, in spite of banks reducing home loan rates, though slightly?
My comments to replies
Yes Mansoor, According to a residential market report released by Liases Foras, a real estate rating and research company, the number of unsold flats in 6 major cities is increasing. It reach the highest at 6.88 lakh units in the January-March quarter.
Despite the pile-up of unsold units, developers have been holding on to their prices. can you tell me which city is on the top list and what about Mumbai?
6th May 2015
@Chetan, I think this is is big issue for this country, which is facing housing shortage. It is also facing problem of rising inventories. It clearly indicates that the prices are highly useless.
6th May 2015

Q: Hi Guys, when is the construction work going to start in Runwal Eirene?
My replies to this discussion
Hi Arushisha, I am planning for a site visit. Can you tell me where is the project strategically located in Thane West?Hi Arushisha, I am planning for a site visit. Can you tell me where is the project strategically located in Thane West?
My comments to replies
Hi Arushisha, I am planning for a site visit. Can you tell me where is the project strategically located in Thane West?
Thanks Arushisha, Have you booked flat in Eirene? Can you share some information of this project? What is the current price/sq-ft. quoted by the developer?
8th May 2015
Thanks once again Arushisha, What will be the cost of 2.5/3BHK all inclusive? How much i have to pay for the booking? Is there any floor rise charges for this project?
8th May 2015

Q: Is it true that incorporation of REIT under Foreign Exchange Management Act will fast-track developers & industry watchers listing in the domestic market?
My comments to replies
Thanks once again Nikhil, Now, i understand why many real estate player such as Unitech, DLF, Embassy, Prestige, Supertech and Blackstone have disclose their interest in REIT listings as an alternate mode of fund raising.
My question to Saran, what is liquidity infusion step and how it will help the real estate market?
20th May 2015
Do you think that the step taken by the government will boost the realty market? How it will help the commercial and real retail market?
20th May 2015

Q: What is the open car parking charges in Royal Oasis, Malad West, Mumbai?
My replies to this discussion
Hi, To get more information of this project click the link Royal Oasis, Malad West, Mumbai Or, To get best deal on your selected property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.Hi, To get more information of this project click the link Royal Oasis, Malad West, Mumbai Or, To get best deal on your selected property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.
Q: If you are looking for ready-to-move property then Andheri West would be the right destination.

My comments to replies
True Jackie, Andheri West has emerged as one of the high end areas in Mumbai in recent years. Apart from aimed development, a number of factors have guided to the areas growth as a top quality location. Due to the limited availability of land and high property prices in the area, the area witnesses limited project launches, focused more towards the upper middle class and higher net worth individuals.
Right Shaina, Being an old area, Andheri West offers a good number of properties for resale according to CommonFloor data, which are more attractive to end users. In Andheri West almost 10% of the properties available for resale are independent house, while the remaining are multi-storeyed and builder floor apartments. Most of the available units for resale in the area are 1 and 2BHK but very few 3 and 4BHK.
28th May 2015
As per the commonfloor data, Andheri West offers a few properties as old as 30-40 years. However, the average age of a 1BHK property is about 19 years and the nos. of property available 530 while that of 2BHK unit is about 16 years and the nos. of property available 960. The average age of a 3BHK unit is about 10 years and nos of available units 1600. The trend of 4BHK units has come around only in the last decade with an average age of 7 years and the nos. of units available 2250. The weighted average price of resale properties which also indicate the market price, is about Rs 23200/sq-ft.
28th May 2015

Hi Sandeep, Can you tell me which are the key growth factors of Andheri West as a residential area? As i heard that it is very close to the Mumbai International Airport and important business hubs like Bandra Kurla Complex (BKC) and SEEPZ SEZ.
I think you are partly right but the other factor such as its developed civic and social infrastructure, Proximity to posh localities such as Powai, Bandra, Khar and Juhu, and their social amenities have contributed a lot. Excellent connectivity by road and rail to all major suburbs of Mumbai. Connectivity and traffic conditions have improved in the last one year, due to Sahar Elevated Road and the new metro line.
28th May 2015

Q: I'm seriously planning to book flat in JP Decks. 1) Which view flat is best ? Dindoshi Mountain (South East) or Aarey (South West) or North Mumbai (North West) or National Park (North East) ? 2) How's that area (Dindoshi High Court) in terms of Local Amenities, Locality etc 3) How's Builder reputation in terms of delivering project on time, quality of project is same as promised in brochures etc 4) What's best price per sq ft for this project go for ? 5) Builder promised Dec 2016 delivery, is it possible? or will be delayed further ? 6) This project seems to be running since 2011, so is that an issue ?

My comments to replies
Hi everybody, How is the locality of Goregaon East? How far is nearby railway station and airport form the project site?
Hi Ketal, I don't have much idea about the locality but as per the articles and the Google map search, i found out some information like Goregaon is one of the popular zones in the eastern suburbs of Mumbai. It is a new and profound Business District Centre with many MNCs shifting bases here after saturation of Nariman Point and the Bandra Kurla Complex. It enjoys excellent network of the East-West flyover that connects S.V. Road to the Western Express Highway. The proposed Metro Rail (Bandra - Charkop sector) and the New Oshiwara Suburban Railway Station would further enhance the connectivity.
10th June 2015

Q: What efforts are builders in MMR putting to improve the bearish residential market?

My replies to this discussion
At the same time, replying to the changing market moods, developers are launching residential projects to fit the demand of the customers. Builders are reducing the size of apartments to suit a large section of buyers.At the same time, replying to the changing market moods, developers are launching residential projects to fit the demand of the customers. Builders are reducing the size of apartments to suit a large section of buyers.
Q: I checked all details. Master plan and legal approval details are not available. how safe is this project. What documents should we check before book the flat.
My replies to this discussion
Hi, When comparing property we usually look at location, price, connectivity and possession. No doubt these are the important parameters for short-listing. However, there are many more important things to check before you finalize a deal. These are land record, construction clearances, approved planning land use certificate, master plan of the area, no objection certificates.Hi, When comparing property we usually look at location, price, connectivity and possession. No doubt these are the important parameters for short-listing. However, there are many more important things to check before you finalize a deal. These are land record, construction clearances, approved planning land use certificate, master plan of the area, no objection certificates.
Q: As per a proposal being considered by the municipal corporation, certified green buildings in Mumbai could soon get up to 20% discount on property tax.
My replies to this discussion
Yes, the Municipal Corporation of Greater Mumbai is discussing the proposal with Indian Green Building Council that think of a discount on property tax paid by developers and residents, and aims to boost demand for eco-friendly and energy conserving structures.Yes, the Municipal Corporation of Greater Mumbai is discussing the proposal with Indian Green Building Council that think of a discount on property tax paid by developers and residents, and aims to boost demand for eco-friendly and energy conserving structures.
My comments to replies
Crystal Virar Nagri by Crystal Homecon Pvt. Ltd. located at Virar West neighborhood of Mumbai. It is a residential cum commercial developments has a thoughtful design and is well equipped with all the modern day amenities as well as basic facilities. The project offers spacious and designed 1/2BHK flats and retail spaces. 1BHK in 490 sq-ft ( carpet area-325 sq-ft. ) and 2BHK in 735 sq-ft. (Carpet area- 490 sq-ft.) and it's current price is 3700/sq-ft.
Hi Miran, What will be the cost of these flats and how much i have to pay at the time of booking? When will be the expected date of possession? Any idea?
23rd June 2015

Hi sandeep, The cost of 1BHK in 490 sq-ft will be Rs. 18.13 lacs and for 2BHK Rs. 27.19 lacs. Stamp Duty, Registration, Service Tax, VAT will be charged as applicable. Booking amount will be 20% of the registration value i.e. Rs. 362600 for 1BHK and Rs. 543900 for 2BHK.
Thanks Kishore and Miran, What is the current residential property rate is going on in the Virar West?
23rd June 2015

Q: Which localities in Mumbai are going to be Smart Cities?

My replies to this discussion
Yes, 35 cities and towns have a population between 1 and 5 lakh. There are 21 cities with population ranging between 5 and 10 lakh, 25 cities have population of above 10 lakh and below 25 lakh. A set of 5 cities are in the population range of 25 to 50 lakhs. 4 cities namely Chennai, Greater Hyderabad, Greater Mumbai and Ahmedabad have population of about above 50 lakh each.Yes, 35 cities and towns have a population between 1 and 5 lakh. There are 21 cities with population ranging between 5 and 10 lakh, 25 cities have population of above 10 lakh and below 25 lakh. A set of 5 cities are in the population range of 25 to 50 lakhs. 4 cities namely Chennai, Greater Hyderabad, Greater Mumbai and Ahmedabad have population of about above 50 lakh each.
My comments to replies
HI all, The Centre today announced the names of 98 cities selected for the Modi government's flagship project "Smart Citie"s but Bengaluru and Patna are not in the list. The names of the cities selected for the Rs 48000 crore Smart Cities project was released by the Centre pending a nomination each from Uttar Pradesh and Jammu and Kashmir.
Earlier, Prime Minister Narendra Modi launched the aspiring project with announcement of criteria and guidelines for 100 Smart Cities to be selected through city challenge competition in 25 June. But the criteria and the guidelines fixed for the smart city project was not fitted for the Bengaluru and the Patna. That is the reason these cities are not in the final list.
28th August 2015
The major cities include under PM Narendra Modi's flagship project are Vishakhapatnam, Guwahati, Chandigarh, NDMC, Panaji, Gandhinagar, Ahmedabad, Surat, Mangaluru, Hubballi-Dharwad, Kochi, Navi Mumbai, Nasik, Thane and Greater Mumbai. The list includes 13 cities from Uttar Pradesh, 12 cities from Tamil Nadu, 10 from Maharashtra, 7 from Madhya Pradesh, 3 from Bihar and 3 from Andhra Pradesh.
28th August 2015

Yes, 35 cities and towns have a population between 1 and 5 lakh. There are 21 cities with population ranging between 5 and 10 lakh, 25 cities have population of above 10 lakh and below 25 lakh. A set of 5 cities are in the population range of 25 to 50 lakhs. 4 cities namely Chennai, Greater Hyderabad, Greater Mumbai and Ahmedabad have population of about above 50 lakh each.
Well Raj, Jammu & Kashmir has to nominate one more city. The state wants both Jammu and Srinagar to be developed as Smart City, though the state has got only one slot in the project. As far as Uttar Pradesh city is concerned, there are 2 contenders with both Meerut and Rae Bareli getting equal points. So now the state has to decide whom it wants to nominate. This is the reason why the list is 2 short of 100, which was the original project.
28th August 2015

Q: Which is the best option for real estate buying?

My replies to this discussion
Hello Anuskha, According to me, investment in Kharghar is a good idea for those who are either working here or want to stay invested in property market for next few years. The current property rates in the locality is Rs. 6500-9500/sq-ft. but the values may vary depending on the location, infrastructure, amenities, facilities and other related issues.Hello Anuskha, According to me, investment in Kharghar is a good idea for those who are either working here or want to stay invested in property market for next few years. The current property rates in the locality is Rs. 6500-9500/sq-ft. but the values may vary depending on the location, infrastructure, amenities, facilities and other related issues.
My comments to replies
Hello Anuskha, According to me, investment in Kharghar is a good idea for those who are either working here or want to stay invested in property market for next few years. The current property rates in the locality is Rs. 6500-9500/sq-ft. but the values may vary depending on the location, infrastructure, amenities, facilities and other related issues.
Well Anuskha, Mira Road remains an old town which has affordable options to invest in and attract majority of mid-segment buyers. enjoys both, the road and rail connectivity, with different parts of the city. The Western Expressway, Ghodbunder Road and the western line of Mumbai Suburban Railway connect Mira Road to Mumbai, Thane and Navi Mumbai. No doubt that the area has attracted investors who are looking to earn second income from their property. The current property rates in the locality is Rs. 6500/sq-ft.
29th June 2015

Q: When is the project going to launch and the completion period?
My comments to replies
Hello all, Do we know which area of MIG is under this project i mean what building numbers?? Do we know that this plan has been finalized and approvals got or agreement wit tenants done?? As there are lots of talks that go on..but eventually nothing surfaces...so.... Thank u all
Yes, it is true and the company had entered into development agreement with MIG Co-operative Housing Society Ltd in October 2010 for the development of the land. As per the agreement, the Society had handed over the buildings to the company. The demolition of the buildings commenced on July 1 this year. On the eve of Diwali they are officially going to announce this project.
15th October 2015
DB Realty told that the revenue from the project on completion is expected to be in the region of Rs 3500 crore.
16th October 2015

Q: may i know why is this project is stopped suddenly is there any legal issues?

My replies to this discussion
@Preeti, Did you book flat in this project? Does your agreement mention date of possession by which flat was to be handed over ? And also is it registered ? If yes, and if grace period for possession has already exceeded then it is a clear case of deficiency of service , which you can challenge in consumer court.@Preeti, Did you book flat in this project? Does your agreement mention date of possession by which flat was to be handed over ? And also is it registered ? If yes, and if grace period for possession has already exceeded then it is a clear case of deficiency of service , which you can challenge in consumer court.
My comments to replies
I actually booked a flat in RNA palazzo in 2012 but now in think I am stuck this project is not starting. Every time you call them they will say 1 month it's been 2 year no progress
Hello Priti, There are only two reason for delay of construction work. Mainly project get delay due to financial crisis or not getting approval. Visit your local municipal under which your project comes and find out the exact reason for delay in construction work.
9th July 2015

How can I take legal action please advice because i am actually frustrated due to this delay
Hi everybody, In case the builder delays the construction of the building :- If the builder delays the completion of the construction beyond the given time, you are entitled as a property buyer to ask for a refund from the builder. 2) You can file a case in the consumer dispute redressal commission at all the three levels i.e the district , the state and the national commission depending on the value of the property or the amount of damage you have suffered. Any dispute over 20 lakhs can be directly filed before the State Commission and any dispute over 1 crore can be filed before the National Commission in New Delhi. Any dispute for a value lower than 20 lakhs has to be filed in the District Commission in your District.
20th August 2015

Q: It is true that the proposed Land Acquisition Bill would not impact the real estate sector in the country if handled in the right perspective and right manner.
My replies to this discussion
Can you believe what AIAMDK and Samajwadi Party have told, as per him Center has no right to make laws on real estate as it is a State matter. Ohhhh common........ how successfully you both parties are running your State, country knows it....you just don't need to know what real estate want or what NDA has to prove.Can you believe what AIAMDK and Samajwadi Party have told, as per him Center has no right to make laws on real estate as it is a State matter. Ohhhh common........ how successfully you both parties are running your State, country knows it....you just don't need to know what real estate want or what NDA has to prove.
Q: Hello All, Can anyone update the development update on Dosti Planet North, Shilphata and potential growth prospects of the area.

My replies to this discussion
I agree with Rajat........ Shilphata has a huge potential in terms of real estate growth, primarily due to its strategic location and good road connectivity. With proper development, it may become the next Ghodbunder Road and Mira Road. The approximate property values in the area are in the range of Rs 5000-6100/sq. ft. If the infrastructure is developed properly, the localitys real estate will gain a big boost.I agree with Rajat........ Shilphata has a huge potential in terms of real estate growth, primarily due to its strategic location and good road connectivity. With proper development, it may become the next Ghodbunder Road and Mira Road. The approximate property values in the area are in the range of Rs 5000-6100/sq. ft. If the infrastructure is developed properly, the localitys real estate will gain a big boost.
My comments to replies
Well Roshini, As of now, 85-90% work has been completed both in Ruby and Emerald and you have to pay at the time of agreement and rest of the 10% will be based on home loan and the slab. They will start giving possession for Ruby and Emerald from December'2015 and Elmore in December,2016. No, the above mentioned price is fixed and Rs. 25/sq-ft will be the floor rise above 2nd floor.
Good Morning Rahul, Shilphata's connectivity via road and highway:- It is a strategic area lying between Thane and Navi Mumbai. It lies on the crossing of NH-4 and SH-76, with neighbouring areas such as Mumbra in Thane, Airoli, Ghansoli, Kopar Khairane and the MIDC area near Vashi. The area also connects the upcoming areas of Dombivli and Kalyan to the industrial areas of Kharghar and Vashi via the Kalyan-Shilphata Road. Some of the other important roads in the area are Kalyan-Shilphata Road and Shilphata Mahape Road.
23rd July 2015

Q: In Real Estate Monthly Tracker For MMR one can get the details of units launched, most active micro markets, news, regulatory updates industry buzz, major deals and key projects during that period.

My replies to this discussion
hi Anirudh, Kolshet Road, Mira Road and Nalasopara West are the three most active micro markets in June-July,2015 as per a commonFloor research data. During that period Kolshet Road launched 2000 units and both Mira road and Nalasopara West more than 500 units. Where the percentage of units launched in 1RK is 6%, 1BHK-42%, 2BHK-29% and 3BHK-13% in which the percentage of luxury is 17%, mid segment-39% and affordable-13%.hi Anirudh, Kolshet Road, Mira Road and Nalasopara West are the three most active micro markets in June-July,2015 as per a commonFloor research data. During that period Kolshet Road launched 2000 units and both Mira road and Nalasopara West more than 500 units. Where the percentage of units launched in 1RK is 6%, 1BHK-42%, 2BHK-29% and 3BHK-13% in which the percentage of luxury is 17%, mid segment-39% and affordable-13%.
My comments to replies
hi Anirudh, Kolshet Road, Mira Road and Nalasopara West are the three most active micro markets in June-July,2015 as per a commonFloor research data. During that period Kolshet Road launched 2000 units and both Mira road and Nalasopara West more than 500 units. Where the percentage of units launched in 1RK is 6%, 1BHK-42%, 2BHK-29% and 3BHK-13% in which the percentage of luxury is 17%, mid segment-39% and affordable-13%.
UR WC Anirudh, As per the commonFloor research data property rates in those localities are as follows:- Kolshet Road-7650/sq-ft., Mira Raod-7400/sq-ft, Nalasopara West-4150/sq-ft, Goregaon West-17000/sq-ft and Chembur-11500/sq-ft.
24th July 2015
Yes, it is true...... Apart from that the union environment ministry gave a green clearance to the Navi Mumbai international airport, thus completing the major clearances require to start working on the long pending project. The Mumbai Urban Transport Ph-3 project was launched on June 28th. The project will include doubling the number of railway tracks on the Virar-Dahanu route from 2 to 4, doubling the sole railway track between Karjat and Panvel and constructing an elevated link between Kalwa and Airoli.
24th July 2015

Hi everybody, I heard about lot's of Industrial Buzz in MMR such as the road widening work on a 300-metre stretch of Sion-Panvel Highway in Raigad district is stuck due to the presence of mangrove trees and the state plans to spend USD 16 billion over the next 5-6 yrs for renovating key infrastructure projects as well as renovating long inactive key infrastructure projects in the state. Am i right friends?
True Amreesh, According to officials of the state public works department, they have not yet received green clearance from the Chief Conservator Of Forest regarding stretch of Sion-Panvel Highway. And they have added Navi Mumbai International Airport and Coastal Road Project under the key infrastructure projects. Apart from that Maharashtra Govt is planning to give tax rebate to developers for constructing green building in the residential as well as commercial spaces.
5th August 2015

Hey guys, Is it true that K Raheja Corp has bought a 1.4 acre plot in Worli from HSBC for about Rs. 230 crore? And in a major deal Wadhwa Group raised Rs. 200 crore from Piramal Fund Management?
Yes, both the news are correct and it is came to know that HSBC Bank had put up the plot for sale last year and invited bids. And Wadhwa Group will use the raised funds for its 500-acre township in Panvel.
5th August 2015

Q: Planning to invest in Oyster Living Divino project in Dahisar (East). Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability.
My replies to this discussion
Hi everybody!!! My question is, how do you know that the Anexx Part is cleared? As anyone invested in this project. Is this project legal? Have you checked it yourself ? I strongly doubt about its possession by 2020 as clearing the huge layer of slums in next 5 yrs itself is a difficult task.Hi everybody!!! My question is, how do you know that the Anexx Part is cleared? As anyone invested in this project. Is this project legal? Have you checked it yourself ? I strongly doubt about its possession by 2020 as clearing the huge layer of slums in next 5 yrs itself is a difficult task.
Q: Hi, i am planning to book a 1BHK of this project. Kindly, tell me the sizes available in 1BHk and it's price.
My replies to this discussion
Hi Vinay, Dream Home Sai Park is an exceptional project sprawling over beautiful landscape at Nandgaon, opposite Karanjade, Panvel. It offers 1RK/1BHK and 2BHK residential flats in G+4 storeys apartment. The sizes available in 1RK are 429/462/472/474 sq-ft., 1BHK from 566/569/572/579/595/604/644/682 sq-ft and 2BHK in 931 sq-ft. And it's price are Rs. 3750-6850/sq-ft. depends on the floor and the amenities you want to opt.Hi Vinay, Dream Home Sai Park is an exceptional project sprawling over beautiful landscape at Nandgaon, opposite Karanjade, Panvel. It offers 1RK/1BHK and 2BHK residential flats in G+4 storeys apartment. The sizes available in 1RK are 429/462/472/474 sq-ft., 1BHK from 566/569/572/579/595/604/644/682 sq-ft and 2BHK in 931 sq-ft. And it's price are Rs. 3750-6850/sq-ft. depends on the floor and the amenities you want to opt.
Hey Vinay, Currently, this prject is under construction and the possession will be near around December,2016.Hey Vinay, Currently, this prject is under construction and the possession will be near around December,2016.
Q: I am planning to buy property in Palghar should i wait for REIT Is REIT going to help investor in property

My replies to this discussion
As i know, it is an investment trust where an individual can invest either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specialize in public real estate. An added benefit to investing in REITs is the fact that many companies are accompanied by dividend reinvestment plans (DRIPs). Among other things, REITs invest in shopping malls, office buildings, apartments, warehouses and hotels.As i know, it is an investment trust where an individual can invest either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specialize in public real estate. An added benefit to investing in REITs is the fact that many companies are accompanied by dividend reinvestment plans (DRIPs). Among other things, REITs invest in shopping malls, office buildings, apartments, warehouses and hotels.
Q: I want to invest in HDIL paradise in palghar can please suggest is it good investment or not

My comments to replies
Right.........be careful before investing in HDIL Paradise in Palghar. People who have booked their flats in 2010 are still waiting for the possession and nobody know that how many more years they will take to complete the projects. Those who have invested in this project suffering from huge financial losses. So, i suggest you to go for other project like VBHC Greens in Palghar. They have all the statutory clearances.
Right Arup, USP of Greens at Palghar:- 1) Transparency, 2) Timely delivery, 3) Sustainability and environment friendly quotient of the projects - Edge (excellence in design for greater efficiencies )certified by the IFC, best Green building project- NAREDCO.
21st August 2015

Q: Should I invest in stand alone apartment or bigger project...as lot of big project suffering from loss

My replies to this discussion
Hi Suresh, Avoid luxury and bigger property at all costs right now. First home buyers should buy in proximity to family and employment and live on rent in big cities until the developer has reduce the property value. Wait for some time, i think there is a chance of healthy price correction. How long will builders pay the high interest rate. Once they have to come out from their cave. My advice to you "Strike the iron when it is hot".Hi Suresh, Avoid luxury and bigger property at all costs right now. First home buyers should buy in proximity to family and employment and live on rent in big cities until the developer has reduce the property value. Wait for some time, i think there is a chance of healthy price correction. How long will builders pay the high interest rate. Once they have to come out from their cave. My advice to you "Strike the iron when it is hot".
Q: Which are the points that a rating agency consider to give its rating?

My replies to this discussion
Right lewin, Here in Lodha case, the rating agency has taken a consolidated view and all of its subsidiaries and special purpose vehicles under the Lodha group while arriving at the ratings. The rating by India Ratings highlighted Lodha Group's dominant position in Mumbai Metropolitan Region property market, funded land bank, secured approvals, performance track record, strong cash flow visibility and financial flexibility as positives for the company.Right lewin, Here in Lodha case, the rating agency has taken a consolidated view and all of its subsidiaries and special purpose vehicles under the Lodha group while arriving at the ratings. The rating by India Ratings highlighted Lodha Group's dominant position in Mumbai Metropolitan Region property market, funded land bank, secured approvals, performance track record, strong cash flow visibility and financial flexibility as positives for the company.
My comments to replies
Right lewin, Here in Lodha case, the rating agency has taken a consolidated view and all of its subsidiaries and special purpose vehicles under the Lodha group while arriving at the ratings. The rating by India Ratings highlighted Lodha Group's dominant position in Mumbai Metropolitan Region property market, funded land bank, secured approvals, performance track record, strong cash flow visibility and financial flexibility as positives for the company.
Hi Rajat, While arriving at the ratings, India Rating and Reserch Agency considering the business and legal connections among priority. It has also noted possible impact of weak credit metrics, geographic concentration on MMR and cash drawdown from Lodha Developers to its London joint ventures.
27th August 2015

Q: PE firm Everstone Capital raises $730 million in its 3rd fund.

My comments to replies
India Value Fund Advisors raised $700 million toward their 5th fund Indium V, earlier this year.. The pace is lifting for firms that are on the road to raise funds. Compared with the total of $800 million raised in 2014, the current year will see a significant bump going by the number of funds that are in the market to collect money, both by means of fund-raising and invested capital.
Right Karan, According to London-based research firm Preqin, 26 Indian private equity funds are currently seeking to raise a total of Rs 33,800 crore.
16th September 2015

Q: Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability with Market.

My replies to this discussion
If you are rally interested in this project then you must visit the project site and experience the reality. As of now SIte is full of Slum. there is no sign of removing Slum from Plot. Developer has not yet finalise and submitted the plan to Slum authority for Annexture 1. If you are rally interested in this project then you must visit the project site and experience the reality. As of now SIte is full of Slum. there is no sign of removing Slum from Plot. Developer has not yet finalise and submitted the plan to Slum authority for Annexture 1.
My comments to replies
Right Sandeep, I have talked with their sales team regarding this project and the booking amount. You have to pay 30% upfront and and another 10% at the time of start of work. There is no clarity on payment of development charges and infrastructure charges. You have to pay Rs. 5 lacs as a parking charge.
Hi Rishi, Ask for the legal documents and verify it by a legal expert. You can also ask for the latest tax paid receipt and verify it by local municipal. They will tell you if there is any legal issue with the land or in approval.
23rd December 2015

Q: YES, it is true. The method had been approved by the Supreme Court and the Central Vigilance Commission.

My comments to replies
Hi Anirudh, What is Swiss Challenge method? Can you give few example of this method?
Hi Sammer, In the Swiss Challenge method, private players plan a project and submit an uninvited or his own proposal to undertake it. The government then invites counter proposals. The most innovative idea gets the contract. Some major infrastructure projects in South Asia like the Yongin-Seoul Expressway in South Korea are successful examples of the method.
22nd September 2015

Which are the key departments, the Delhi Government agreed to implement this method? Has the method approved by the Supreme Court and the Central Vigilance Commission?
Well Himangi, The Delhi government agreed to implement the method in 10 departments such as tourism, transport, communication, water, roads, housing, environment, security, redevelopment board and solid-waste management. Yes, the method has been approved by the Supreme Court and the Central Vigilance Commission.
22nd September 2015
It is true but in some cases, the private player itself plans the project and submits uninvited proposals, but the government faces a challenge in judging such uninvited projects due to lack of competition and transparency. Therefore, the most common system governments in several countries in the West use to manage uninvited proposals is the Swiss Challenge method.
22nd September 2015

Q: It is expected that the reduction in the banks' lending rate will lower the borrowing cost of builders and comfort the pressure on interest charges.

My replies to this discussion
A real estate agent thinks that not much has been done by banks towards increasing lending in the affordable housing segment and feel that the government and the RBI must instantly work for an instrument and set targets for banks to make sure increased lending for affordable housing projects and cheaper home loans.A real estate agent thinks that not much has been done by banks towards increasing lending in the affordable housing segment and feel that the government and the RBI must instantly work for an instrument and set targets for banks to make sure increased lending for affordable housing projects and cheaper home loans.
My comments to replies
If we see the improvement in operational performance of developers, we need more of price correction than interest rate reduction. Realty developers' debt levels have been rising in the backdrop of low sales for some time now and a saving of 40-50 bps in interest cost would be significant.
Hello Rina, The real estate developers have refused to look at this basic fact and continue to price homes at high rates. The new launches data express that happened in Mumbai between April and June 2015, only 3.2% of the homes being built were priced between Rs 31-65 lakh. There were none under Rs 30 lakh. 69% of the unsold homes in Mumbai are priced more than Rs 1 crore. This when the weighted average price of a home in the city is around Rs 1.3 crore.
30th September 2015

Q: Builders who are sitting on large inventories are hoping festive discounts and freebies will attract home buyers.

My comments to replies
Who cares........ As per a report, the unsold inventory across 8 cities was 7 lakhs apartments which could take 4 yrs to clear. But that is not surprising since builders have been unwilling to drop prices, as a result buying a house has become almost unaffordable. Currently, 69% of the unsold inventory in MMR costs at least Rs 1 crore per unit, with the weighted average approximately at Rs 2 crore.
Yes, even i heard that Poddar Developers is offering a discount on stamp duty and registration charges, translating to an upto 8% reduction in prices. This has resulted in a 30% increase in inquiries. Poddar Developers is building affordable homes witha ticket size of up to Rs. 40 lakh in the suburbs of Mumbai.
5th October 2015

Q: It is estimated that the 3rd phase of the project cost Rs 23136 cr and will be developed on a cash-contract basis, not under the build-operate-transfer model.
My comments to replies
Hey Roshini, I heard that Mumbai Metro Rail Corporation has received 31 bids from 9 association to develop 7 sections of the Colaba-Bandra-Seepz corridor. And Japan International Cooperation Agency has announced that it will provide a loan at low interest for the Colaba-Bandra-Seepz corridor.
Right Himani, 7 association have come out as the lowest bidders. Engineering and infrastructure major L&T in partnership with Shanghai Tunnel Engineering Co come out the lowest bidder for 2 sections (Cuffe Parade to Flora Fountain and Marol to Seepz) of the 33.5-km corridor. Bidders for the other sections include association led by HCC (CST to Mumbai Central section), J Kumar (Dharavi to the domestic airport and the domestic airport to the international one), ITD Cementation (Siddhivinayak to Mahim) and Soma (Mumbai Central to Mahim section).
6th October 2015

Thanks Sandeep, Have you any idea of development cost of Mumbai Metro Phase-3? Has the Centre signed a loan agreement with Japan International Cooperation Agency?
Right......JICA will provide a loan at low interest for the Colaba-Bandra-Seepz corridor. This was repeated by JICA during Maharashtra Chief Minister Devendra Fadnavis's recent visit to Japan. After a meeting with JICA officials in September, Fadnavis had tweeted JICA would soon start public consultations on the Mumbai metro project.
6th October 2015

Q: I have a concern regarding managing distribution of plots. Does the builder show layout plan to show to purchaser to ensure that same plot is not saled to more than one individual. How about registration? Are they regestering the plot in the name of purchaser?

My replies to this discussion
To purchase a piece of land, the following documents are required from the seller's end: 1) Original Land Deed of the current owner, known as the 7/12 document and also the previous owners with the proper names on the title. 2) An Encumbrance Certificate from the Sub-registrar's office for the last 30 years at least. 3) Release Certificate from the bank, stating that the loan on the land has been completely repaid. 4) Original property tax receipt and other bills relating to the plot.To purchase a piece of land, the following documents are required from the seller's end: 1) Original Land Deed of the current owner, known as the 7/12 document and also the previous owners with the proper names on the title. 2) An Encumbrance Certificate from the Sub-registrar's office for the last 30 years at least. 3) Release Certificate from the bank, stating that the loan on the land has been completely repaid. 4) Original property tax receipt and other bills relating to the plot.
Q: TBG is going to launch two new residential project " Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai.

My replies to this discussion
Yes, they are going to launch two new residential project called ''Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai. I have some information on Balaji Paradise. It is located just 4 kms from Panvel Railway Station and offers 1/1.5/2/3BHK residential apartments. There will be 10 buildings under G+4 storeys apartment.Yes, they are going to launch two new residential project called ''Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai. I have some information on Balaji Paradise. It is located just 4 kms from Panvel Railway Station and offers 1/1.5/2/3BHK residential apartments. There will be 10 buildings under G+4 storeys apartment.
My comments to replies
Yes, they are going to launch two new residential project called ''Balaji City'' and ''Balaji Paradise'' in New Panvel, Navi Mumbai. I have some information on Balaji Paradise. It is located just 4 kms from Panvel Railway Station and offers 1/1.5/2/3BHK residential apartments. There will be 10 buildings under G+4 storeys apartment.
Good evening Nishant, They got the IOD and waiting for CC. They have submitted all the paper for Commencement certificate. Once they get the Commencement Certificate, construction work will start. Currently, this project is in pre-launch phase and booking is going on.
13th October 2015

Hi all, What are the flat sizes available in 1 and 2BHK and its current price per square foot?
Hello Khushi, Balaji Paradise offers 1BHK from 460-574 sq-ft and 2BHK from 713-959 sq-ft. and its current price is Rs.3500/sq-ft.
13th October 2015
Yes, the price is negotiable and you can get a good bargain as the current real estate market in Mumbai is very slow and developers have huge inventory pile-up. As per the sale guy, booking amount will be 20% of the property cost. You will get allotment letter for that. They are saying that possession date will be 2 years from the date of its launch.
14th October 2015

Q: Tata Housing is in advanced-level talks with a few foreign institutional investors to raise Rs 3200 crore for its upcoming premium and luxury residential projects across top 5 cities.
My replies to this discussion
I heard that they haven't invested the investors list for the board approval. It is also came to hear that the company has not made significant gains in its earlier projects due to sector-related problems. Since, this is an equity relationship, the company will only need some sector tailwinds and timely completion of project to improve project yields.I heard that they haven't invested the investors list for the board approval. It is also came to hear that the company has not made significant gains in its earlier projects due to sector-related problems. Since, this is an equity relationship, the company will only need some sector tailwinds and timely completion of project to improve project yields.
My comments to replies
I heard that they haven't invested the investors list for the board approval. It is also came to hear that the company has not made significant gains in its earlier projects due to sector-related problems. Since, this is an equity relationship, the company will only need some sector tailwinds and timely completion of project to improve project yields.
The company is planning to construct premium and super-luxury residential flats in Mumbai, Chennai, Kolkata, Delhi and Bengaluru and priced will be between Rs 3-10 crore at booking.
21st October 2015

Q: The government has decided to charge 100% of the Ready Reckoner Rate as premium for additional floor space index for properties along the proposed 2 new metro lines (II and VII).

My replies to this discussion
A government resolution issued on October 2017. The bhoomi pujan for the two lines-Metro II (Dahisar-Charkop-Bandra-Mankhurd Metro Corridor Phase I-Dahisar East- DN Nagar) and Metro VII (Andheri East-Dahisar East)-was recently done by Prime Minister Narendra Modi.A government resolution issued on October 2017. The bhoomi pujan for the two lines-Metro II (Dahisar-Charkop-Bandra-Mankhurd Metro Corridor Phase I-Dahisar East- DN Nagar) and Metro VII (Andheri East-Dahisar East)-was recently done by Prime Minister Narendra Modi.
Q: Swami Developer Builder Survey no 245/2b ,216,217 at New Panvel Site at Shivkar confirmed Stamp Duty registration Free , DHFL was marketing partner .while booking the dhfl exetutive confirmed that stamp duty registration is free is 20 % payment is made within one month time of flat cost in Jan 2014. Now till Nov 2015 there is not works started as Swami developers has to get all approvals cleared from CIDOC . Now Swami developers says that stamp duty has to be paid by me. While booking he mentioned all Legal charges Free on Receipt provided. Please let me know what can be done in such a case against Builder. I am vinay K form Mumbai Goregaon . Please Suggest.

My replies to this discussion
Hi Vinay, You bought flat from builder not from worker. Every decision related to project taken by the builder. So, without builders knowledge, it is not possible. Did you talk with the other owners of the flat? You are the only who facing the issue or few more having the same issue.Hi Vinay, You bought flat from builder not from worker. Every decision related to project taken by the builder. So, without builders knowledge, it is not possible. Did you talk with the other owners of the flat? You are the only who facing the issue or few more having the same issue.
Q: What is the stamp duty and registration charge when you buy extra area in redevelopment in mumbai?

My replies to this discussion
Hi Sneha, The Stamp Duty payable would be on the cost of construction of the present area of the Premises and on the market value for the extra area received as per the Ready Reckoner Value published by the Government of Maharashtra every year on 1st January.Hi Sneha, The Stamp Duty payable would be on the cost of construction of the present area of the Premises and on the market value for the extra area received as per the Ready Reckoner Value published by the Government of Maharashtra every year on 1st January.
Q: Please explain the process to change the name of my flat as my dad is no more

My replies to this discussion
Is your mother, sister and brother with you? If you are only member of your family then you have to get deed of relinquishment (without consideration), get it registered and submit to the authority.Is your mother, sister and brother with you? If you are only member of your family then you have to get deed of relinquishment (without consideration), get it registered and submit to the authority.
Q: I HAVE HEARD DHEERAJ REALTY BUILDER IS COMING UP WITH PROJECT IN KURLA NEAR DON BOSCO KURLA WEST 1 & 2 BHK ?ANY 1 HAVE ANY DETAIL ABOUT THE SAME

My replies to this discussion
Hi Lakhwinder, What is your budget? Are you looking for any specific project in Kurla West? There are so many projects under construction but i will suggest you to go for Jaycee Bhagtani Elita by Jaycee Homes Limited and SD Bhalerao Satyam by S D Bhalerao Constructions Pvt Ltd. as these are very reputed builder. To get more details of these projects click the link Jaycee Bhagtani Elita, Kurla West SD Bhalerao Satyam, Kurla WestHi Lakhwinder, What is your budget? Are you looking for any specific project in Kurla West? There are so many projects under construction but i will suggest you to go for Jaycee Bhagtani Elita by Jaycee Homes Limited and SD Bhalerao Satyam by S D Bhalerao Constructions Pvt Ltd. as these are very reputed builder. To get more details of these projects click the link Jaycee Bhagtani Elita, Kurla West SD Bhalerao Satyam, Kurla West
Q: Former journalist to bid for Dawood Ibrahim's property in auction.

My replies to this discussion
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.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.
My comments to replies
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.
Good question, If they managed to win the bid, through their registered NGO, Desh Seva Samiti, they would set up an education centre as there are lot of children from Bhendi Bazaar area who are into drugs. The reserve price of the property which they would be bidding for is Rs1.18 crore and earnest money deposit is Rs30 lakh.
4th December 2015

Q: The market is running with a belief that FSI will go up, and that the option to buy additional TDR is beneficial for Mumbai real estate companies. Is that belief correct?
My replies to this discussion
Yes, earlier, TDR was available like any other commodity. It could be used anywhere in any part of Mumbai. The price was neutral. Demand and supply were the guiding factors. But today, it is very clearly differentiated based on RR rates.Yes, earlier, TDR was available like any other commodity. It could be used anywhere in any part of Mumbai. The price was neutral. Demand and supply were the guiding factors. But today, it is very clearly differentiated based on RR rates.
My comments to replies
Yes, earlier, TDR was available like any other commodity. It could be used anywhere in any part of Mumbai. The price was neutral. Demand and supply were the guiding factors. But today, it is very clearly differentiated based on RR rates.
Yes, that is true, but the government will be a big beneficiary of this. Earlier the TDR prices were normally about 20% to 30% on the Ready Reckoner rates. Now they have made it 60% of the Ready Reckoner rate.
11th December 2015

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

My replies to this discussion
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.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.
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.
On the other hand, additional FSI will also lead to increase in the cost of Transfer of Development Rights certificate. The city suburbs have a base FSI of 1 and are allowed to use TDR of 1, which can be brought from the market.
15th December 2015

Q: Delhi has raised the red flag for developers and hope among property buyers.

My replies to this discussion
It is only disappointment for the buyers to switch on to criminal provision. In Mumbai, where real estate rates rarely fall. It is very difficult for a buyer to again buy a flat in the same location at the same rate. Post-booking, rates usually shoot up at least 10-20%, rendering the 9% interest rate for refund provided in MOFA an unattractive option.It is only disappointment for the buyers to switch on to criminal provision. In Mumbai, where real estate rates rarely fall. It is very difficult for a buyer to again buy a flat in the same location at the same rate. Post-booking, rates usually shoot up at least 10-20%, rendering the 9% interest rate for refund provided in MOFA an unattractive option.
My comments to replies
It is only disappointment for the buyers to switch on to criminal provision. In Mumbai, where real estate rates rarely fall. It is very difficult for a buyer to again buy a flat in the same location at the same rate. Post-booking, rates usually shoot up at least 10-20%, rendering the 9% interest rate for refund provided in MOFA an unattractive option.
@Bablu Pathak, While in Mumbai, though, builders are also fearless because litigation allows for multiple appeals that can reach out for years. At the same time, consumer courts can only pass orders for compensation or handing over a flat, not sending a builder to prison.
18th January 2016

Q: Hi.....I have booked a flat in vihang valley, Phase 3 (RIO) at ghodbandar road Thane in 2011..As per promised I should get possession on 2014. but till now work is not is start in full swing. THey are changing its cost sheet also.Plz tell me the current status of this project n tell me why the project is delayed to much.....

My comments to replies
Hi Nishant, You should visit the developer's office for the actual position of this phase. As you have invested a lot of money so, it is your duty to visit their office instead of telephonic conversation. In this way you will get the ground realty. Plz. don't forget to share with us.
I heard that Godrej Prop has entered into a development agreement with Vihang Group for Thane Project for a 15 acres land parcels located off Ghodbunder Road in Thane. They are planning to develop a residential housing project with a development potential of over 1 million sq-ft. Do you have any information on it? Plz. share some information of this project.
15th February 2016

Q: As per the report, the project is being executed by the Saifee Burhani Upliftment Trust and is estimated to cost Rs 4000 crore.

My comments to replies
Hi all, As pr chief executive officer of SBUT, work has begun on cluster one and three that face J J flyover and the trust on its own has begun the work of excavation and piling. They are currently in the process of appointing the main contractor for executing the project.
For your kind information, i would like to tell, you that the project has been divided into 9 clusters and work has already begun in 2 cluster. They are planning to construct 17 towers at present. The detailed plans will also be approved by the BMC in phases.
8th April 2016

Q: Dheeraj Oneness Launching a new residential home in Mumbai. Dheeraj has become their first choice of People investment for in Property. They are many resources and a very good scope for business development in this city Borivali West Mumbai. View More http://www.dheerajonenessborivali.in/

My replies to this discussion
Hi Sanin, Booking amount In Dheeraj Oneness, Borivali West will be Rs. 5 lacs for 2BHK, Rs.10 lacs for 2.5BHK, Rs.15 lacs for 3BHK, Rs.20 lacs for 4BHK and Rs. 30 lacs for 5BHK. You will get chance to win BMW i8 and an Aston Martin, They are also offering special home loan rates of 6.99% on first 200 bookings.Hi Sanin, Booking amount In Dheeraj Oneness, Borivali West will be Rs. 5 lacs for 2BHK, Rs.10 lacs for 2.5BHK, Rs.15 lacs for 3BHK, Rs.20 lacs for 4BHK and Rs. 30 lacs for 5BHK. You will get chance to win BMW i8 and an Aston Martin, They are also offering special home loan rates of 6.99% on first 200 bookings.
My comments to replies
Hi Sujatha, This Project is located in the heart of Navi Mumbai. This locality is good to have your own bungalow and farm house plot at village Chirle. But there are lot's of fraud cases are coming to hear specially on plots. So be careful, check all the legal approvals as this area is coming under Gram Panchayat, so ask for the collectorate approval and then go for it. Ask for the clear land title and latest tax receipt too before booking.
You are absolutely right. Even Maharashtra govt. has declared that this area comes under forest zones and it will effect the mangrove trees. So, plz stay away for such plot.
14th June 2016

My replies to this discussion
Hi Manoj, In April,2016, i just heard from their sales guy that they will send letters to do the registration in next week and will start the work in couple of weeks but still no sign of construction works.The buildings are now 25+ and only 5 wings will come up, rest area has been reserved for govt.Hi Manoj, In April,2016, i just heard from their sales guy that they will send letters to do the registration in next week and will start the work in couple of weeks but still no sign of construction works.The buildings are now 25+ and only 5 wings will come up, rest area has been reserved for govt.
Q: Applying for a loan here with flat as collateral and we require an NOC from CIDCO - do any such agents (who can do this work) have a presence online (name, number, website or phone number) so i can contact them? Also, how long does it take for CIDCO to issue the NOC?
My comments to replies
Hi Ankita, I am not an agent but trying to help you to get NOC from CIDCO. Any property taken on Lease from the Corporation can be mortgaged for the purpose of obtaining assistance from an institution which is on the approved list of CIDCO. A No Objection Certificate is required to be obtained from the Corporation for this purpose. The concerned Asstt. Estate Officers are empowered to issue the NOC on recovery of dues of service charges /Water charges & other dues if any as on date of issue. You can also see the list of corporations issue loan. These are https://cidco.maharashtra.gov.in/Prop_M_Estate_FAI.aspx
@Ankita!!! It will take 7-10 days. Can also be done faster provided everything goes smoothly.
23rd June 2016

My replies to this discussion
Hello, What should be the expected best price for 2 BHK new launch in Life republic township project in Pune. Is it good deal if I get 2bhk in around 56 Lakh, possession in Dec-2018?Hello, What should be the expected best price for 2 BHK new launch in Life republic township project in Pune. Is it good deal if I get 2bhk in around 56 Lakh, possession in Dec-2018?
My replies to this discussion
Hi Manzur, Legally, there is no such rule to disallow bachelor in the flat but yes, some societies make rule for the safety of their residents and specially in those societies where maximum families are residing.Hi Manzur, Legally, there is no such rule to disallow bachelor in the flat but yes, some societies make rule for the safety of their residents and specially in those societies where maximum families are residing.
Q: I have some doubt in Builder Buyer Agreement of Signature Global Grand IVA project. I am asking below questions since 28th July'16 but they are not giving reply. Point 3.6: "the Allottee agrees that the Developer shall be liable only to refund the amount received from him/her without any interest or compensation whatsoever". Question: Developer is charging @ 15% per annum from due date, if Allottee does not pay any demand on time. Is there any penalty clause on Developer, if Developer not able to deliver the flat in 48 months without any FORCE MAJEURE mentioned in the Agreement? Point 3.7: "The Allottee, before taking possession of the said flat, shall completely satisfy himself regarding the construction, facilities and amenities in respect thereof and hereby agrees not to raise to any dispute on such account thereafter, either individually and/ or by joining as member(s) in the society/association and or otherwise, in any capacity. The Allottee, after taking the possession of the Said flat, shall make no claim against the developer in respect of any item of work in the Said flat, which may be said not to have been carried out or for non - compliance or any design, specifications, building materials or any other reason whatsoever or on account of any Common Services and Facilities". Question: How can I assure that Developer would not compromising with quality of construction (internal as well external of flat), facilities and amenities? Who will be responsible for quality check of materials as well as construction, facilities and amenities? Point 4.3: "The charges for providing external electrification, electric wiring in the said flat, firefighting measures/equipment in the common areas as prescribe in the existing firefighting code/regulation and power backup, shall be payable by the Allottee in addition to the basic Total Cost, as prescribe herein." Question: What would be the total or near about cost because noting is mentioned about the cost in agreement? Point 7.6: "The Insurance of said Unit as well as the interior/contents inside the said Unit shall be the responsibility of the Allottee(s) and Developer shall not, in any case, be held liable for any damage or loss occurred on account of any theft, loss, neglect or omission of the Allottee(s) in the regard". Question:What would happen, if internal plaster start creating problem. seepage in the said Unit. few months after possession because, as per point number 3.7, I can't check construction and material quality before and after the possession? Point 23: Question: Does it means that I can't choose Arbitrator and Arbitrator decision shall be final and binding upon the parties (Allottee and Developer)? It is very much possible that I would not be satisfy with Arbitrator's decision because Developer will only choose the Arbitrator. What would happen, if I am not satisfy with Arbitrator's decision?

My replies to this discussion
Hi all, This is for all homebuyers, If you are about to get possession of an apartment that you had booked yrs ago, thoroughly check what you are getting against what you have paid for. If it appears that the building and apartment has all the amenities, size of rooms is as per approval provided, fittings are as per agreement, and other details are in order, go ahead and take possession. But if things don’t match, raise all issues with the developer. The buyer should make a list of the deviations, short-falls and flaws. If these can be corrected, the buyer should demand that this be done immediately.Hi all, This is for all homebuyers, If you are about to get possession of an apartment that you had booked yrs ago, thoroughly check what you are getting against what you have paid for. If it appears that the building and apartment has all the amenities, size of rooms is as per approval provided, fittings are as per agreement, and other details are in order, go ahead and take possession. But if things don’t match, raise all issues with the developer. The buyer should make a list of the deviations, short-falls and flaws. If these can be corrected, the buyer should demand that this be done immediately.
Q: I'm looking for a shop on rent. While searching some came across this shop which is already on rent to some other guy. The owner and the renter has a one year agreement in which 8 months has over. Now the renter is renting the same shop, he said that it is possible and is called as underagreement. Anyone knows whether such agreements can be made? If yes is is safe? Thanks in advance

My replies to this discussion
Hi Ketan, It means that someone has submitted an offer that was accepted by the owner of the property, so there currently is a rent agreement in place, but the deal has not yet closed. The deal could fall through for a number of reasons, so the shop still shows on the market as being under contract, rather than saying it's been rented.Hi Ketan, It means that someone has submitted an offer that was accepted by the owner of the property, so there currently is a rent agreement in place, but the deal has not yet closed. The deal could fall through for a number of reasons, so the shop still shows on the market as being under contract, rather than saying it's been rented.
Q: Can anybody share with me about their experience with buying Romell Umiya Grandeur? Also whether the building has received OC? Thanks,

My comments to replies
Hi Ravi, Grandeur is priced at around Rs. 15000/ sq-ft now. They have 2 BHK of 1215 sq-ft (with 700 + carpet) and 3 BHK 1560 sq-ft (900 + carpet). I believe one can try and negotiate between Rs. 500-1000 discount. If one get 2 BHK around 1.6 cr. + taxes, should be a good deal.
Yes, 14000-14500/sq-ft. seems to be a good deal. In grandeur they have small swimming pool, podium garden and clubhouse, but no open space (not as big as Aether). Still decent amenities considering this area where no society or complex are offering these facilities. If you want these amenities you need to go beyond highway to film city area which is far from Goregaon Station or else go for premium properties like Oberoi, DB or Lodha.
7th September 2016

Hi, As far as developer is concerned, Romell is a decent builder with good track record, obviously cant be compared with Oberoi, Lodha or Kalpataru. So definitely one would get a flat cheaper than these builder. They have completed two projects in this area only near Umiya Mata Mandir viz. Romel Residency in two phases. You can visit these properties to find about the quality and other issues. I was staying in this area earlier so I am aware about this. No major issues residents are facing so far.
See, if you want to find out the legal aspects of the property then you must visit once in their project site and talk with the local residents about the civic issues, see the quality of construction material used in the project, project connectivity, transport facilities in the locality and the current property rate of the locality and then move ahead.
7th September 2016

My replies to this discussion
Hi, Yrs, there are many examples of such developments. A project in Mumbai have been named after Paris featuring French-styled apartments and Miami as the project gives a great view of the Mahim bay, just like the view of the famous Miami beach. In Bengaluru, Prestige Group has named two projects after London's Kensington Gardens and Wellington Park, as they offer lots of open spaces, greenery and recreational facilities. In Noida, a project has been named Twin Towers, perhaps, with the intention of making an impression as an imposing structure that defines the ..Hi, Yrs, there are many examples of such developments. A project in Mumbai have been named after Paris featuring French-styled apartments and Miami as the project gives a great view of the Mahim bay, just like the view of the famous Miami beach. In Bengaluru, Prestige Group has named two projects after London's Kensington Gardens and Wellington Park, as they offer lots of open spaces, greenery and recreational facilities. In Noida, a project has been named Twin Towers, perhaps, with the intention of making an impression as an imposing structure that defines the ..
Q: Anybody purchase flat in adhiraj samyama. Any contact email of owners please

My replies to this discussion
Hi, I have booked a flat in 1B. The construction work has started in April 2016. I had been to site recently. The foundation work is on. I wonder whether there would be any entry to the plot from Kharghar side, as promised by the sales team at the time of booking. Anybody has any information on that?Hi, I have booked a flat in 1B. The construction work has started in April 2016. I had been to site recently. The foundation work is on. I wonder whether there would be any entry to the plot from Kharghar side, as promised by the sales team at the time of booking. Anybody has any information on that?
Please, visit their website, you can see a option "Contact Us" click on it, you will get the details of the owners with his mobile nos. Thanks.....Please, visit their website, you can see a option "Contact Us" click on it, you will get the details of the owners with his mobile nos. Thanks.....
Q: enisha Holiday Homes is currently offering a unique habitat of 28 Lifestyle Villas and 10 Studio Apartments *, which blend into the natural splendour and contours of the mountain range and lush surrounding landscape. You can call it Villas in Lonavala like 'Kenisha Holiday Home' will be a lifetime gift for the owner!!!
simtej 7

My comments to replies
Hi, May i know the sizes of Villas and it's rate re square feet? What all basic facilities are provided by the developer in this project? Can you provide me the details of this project?
Hi Ramesk!! It's a pre-launch project by Kenisha Holiday Homes so, they didn't disclose any thing related to this project. They will soon announce the details of this project. But as per company 2,3 & 4 BHK Signature Villas (28) and 10 Studio Apartments are going to develop under this project.
4th October 2016

Q: Shapoorji Pallonji Grove Towers is located Andheri, Mumbai. The key region of city and has great residential locality which connects social and every important place of Mumbai via high speed metro rail, bus network and other traveling conveniences. View More: http://www.shapoorjipallonjigrovetowersandheri.newprojectlaunch.in/

My replies to this discussion
Hi, I am looking for a 2BHK flat in Andheri West? Can anybody provide me the details of this project? What is the current asking rate of a 2BHK and it's possession date? Thanks....Hi, I am looking for a 2BHK flat in Andheri West? Can anybody provide me the details of this project? What is the current asking rate of a 2BHK and it's possession date? Thanks....
Thanks Vaibhav!! How is the project locality and its connectivity to the other parts of MMR? How far is the daily basic necessities from the project site?Thanks Vaibhav!! How is the project locality and its connectivity to the other parts of MMR? How far is the daily basic necessities from the project site?
My replies to this discussion
Hi, Shapoorji Pallonji Vicinia, Powai, Mumbai is offering 240 units of 2/3/3.5 BHK residential flats in 7 buildings. Sizes of the flats are available in 1350 sq-ft. in 2BHK, 1625 sq-ft in 3BHK and 2495 sq-ft in 3.5BHK. It's current price quoted by the developer is Rs.14370/sq-ft. A 2BHK will cost you Rs.1.94 Cr. onward, for a 3BHK, price will be Rs.2.34 Cr. onward and for a 3.5BHK, it will near around Rs.3.80 Cr onward. Currently, this project is under construction and ready-to-move by December 2020.Hi, Shapoorji Pallonji Vicinia, Powai, Mumbai is offering 240 units of 2/3/3.5 BHK residential flats in 7 buildings. Sizes of the flats are available in 1350 sq-ft. in 2BHK, 1625 sq-ft in 3BHK and 2495 sq-ft in 3.5BHK. It's current price quoted by the developer is Rs.14370/sq-ft. A 2BHK will cost you Rs.1.94 Cr. onward, for a 3BHK, price will be Rs.2.34 Cr. onward and for a 3.5BHK, it will near around Rs.3.80 Cr onward. Currently, this project is under construction and ready-to-move by December 2020.
Q: How is the locality of Dronagiri, Navi Mumbai? Is the locality livable? How far is the basic amenities like markets, shopping malls, bus stop, nearby railay station, hospitals, schools, banks and ATM from the project site?
My comments to replies
@Shobha, Yes, but i stay near Uran and i visited this place several time. This locality is very near to my work place. Parshva Aaradhana by Ruchi Developers at Dronagiri, Navi Mumnbai is offering 1 and 1.5BHK residential apartments. Sizes are available in 699 sq-ft. in 1BHK and 851 sq-ft. in 1.5 BHK. It's current rate will be Rs.4500/sq-ft. This project is under construction and it is expected that the possession date will be December'2017.
Hi Anup, You have selected excellent place for buying property. Parshva Aaradhana is a CIDCO approved proect and IOD and CC are in place. As far as bank approval is concerned, Axis, HDFC, Indiabulls, Citi Bank, Bajaj Finserv, Tata Capital, DHFL etc have approved this project for home loan.
7th December 2016

Q: Wold class interior designed bedroom with all under setup led bulb. Raymond Group provide in 2 BHK 2 Bedroom, 2 bathroom, 1 kitchen, 1 study room, 1 guest room, also balcony master room is a one site center with all attach . 2 4*7 powers and water supply, swimming pool, gymnasium, community hall, multipurpose hall, Jogging track, morning walk, play Ground. To know more information visit us: http://smartpropertyinindia.blogspot.in/2016/12/raymondpokhranroadthanemumbai-price.html

My replies to this discussion
Yes, this group is going to launch its new project called Raymond Pokhran Road Thane. It will offer 2/2.5/3BHK residential flats. This is a big real estate project will expand in vast land parcel. They have not disclosed flat sizes and its price.Yes, this group is going to launch its new project called Raymond Pokhran Road Thane. It will offer 2/2.5/3BHK residential flats. This is a big real estate project will expand in vast land parcel. They have not disclosed flat sizes and its price.
Q: Please advise me on the current legal position relating to recovery of Development Charges from Purchaser. If it an be recovered at what rate and on what area
My replies to this discussion
Development charges of Rs 350/sq-mt. for residential and Rs 700/sq-mt. for commercial. Since the builder is demanding the charges at the time of formation of the society you need to find about the amount each flat owner has to pay based on the carpet area (not built up area) of the flat.Development charges of Rs 350/sq-mt. for residential and Rs 700/sq-mt. for commercial. Since the builder is demanding the charges at the time of formation of the society you need to find about the amount each flat owner has to pay based on the carpet area (not built up area) of the flat.
Q: Im planning to shift to Splendora , but exactly how is the commute. I work at Santa cruz

My replies to this discussion
Yes, in every mins you will get local train from Santa Cruz station which has its direct access to Thane West. Eastern and Western Express Highway is not good for daily commuters as it will consume lot's of time and money as well.Yes, in every mins you will get local train from Santa Cruz station which has its direct access to Thane West. Eastern and Western Express Highway is not good for daily commuters as it will consume lot's of time and money as well.
Q: Is there any offer from duilders side on amrut pearl project at kalyan west?

My replies to this discussion
Hi Anand! What is your budget and BHK option? To get best deal and discount on Mehta Amrut Pearl, Kalyan West, Mumbai, click this link Mehta Amrut Pearl, Kalyan West, Mumbai 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 Anand! What is your budget and BHK option? To get best deal and discount on Mehta Amrut Pearl, Kalyan West, Mumbai, click this link Mehta Amrut Pearl, Kalyan West, Mumbai 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.
Q: The broker is telling me that they have OC but dont have a CC is that alright
My replies to this discussion
Hi, What is your bhk configuration and budget? They are offering 2BHK in 860 sq-ft. and its current will be Rs.3550 per sq-ft. A 2 BHK flat cost will be Rs.32 lakh approx and its possession date will be December 2017.Hi, What is your bhk configuration and budget? They are offering 2BHK in 860 sq-ft. and its current will be Rs.3550 per sq-ft. A 2 BHK flat cost will be Rs.32 lakh approx and its possession date will be December 2017.
Q: The definition of an allottee includes not only a transferee by sale but also by another transfer whatsoever. Which would include a mortgagee too. So can a mortgagee have the same rights as an allottee?
My replies to this discussion
HI, It is worth pointing out that there was a time that the owner of property could sell property and freely transfer the mortgage to the new owner. Due to the modernization of the credit market, lenders want to know who owes them money. Since the new owner might not be as creditworthy as the original owner or mortgagor, lenders now insert a due on sale clause. This clause requires that a mortgage be paid off when the underlying property is sold. Nowadays, the seller sometimes finances some of the buyer needs and sometimes a relative or friend might give the buyer a second loan on top of the bank loan. Otherwise, the mortgagee is always a financial institution. So, a mortgagee can not be a allottee. But if you unable to pay pay the dues then mortgagee has the rights to sell your property.HI, It is worth pointing out that there was a time that the owner of property could sell property and freely transfer the mortgage to the new owner. Due to the modernization of the credit market, lenders want to know who owes them money. Since the new owner might not be as creditworthy as the original owner or mortgagor, lenders now insert a due on sale clause. This clause requires that a mortgage be paid off when the underlying property is sold. Nowadays, the seller sometimes finances some of the buyer needs and sometimes a relative or friend might give the buyer a second loan on top of the bank loan. Otherwise, the mortgagee is always a financial institution. So, a mortgagee can not be a allottee. But if you unable to pay pay the dues then mortgagee has the rights to sell your property.
My replies to this discussion
Hi Afsar, As far as current amenities is concerned, Godrej Tranquil has unmatched amenities such as Yoga deck, Club House, Kids play area, swimming pool, Gymnasium, gardens, BBQ area, tennis court, Amphitheater and 24*7 security.Hi Afsar, As far as current amenities is concerned, Godrej Tranquil has unmatched amenities such as Yoga deck, Club House, Kids play area, swimming pool, Gymnasium, gardens, BBQ area, tennis court, Amphitheater and 24*7 security.
Q: TRINITY HEIGHTS, Kursija grp, Thane....construction STALLED!!! Owners please reply here for joint action.

My replies to this discussion
I am agree with Mr. Vinay. As per RERA guidelines every builder has to register their ongoing or under construction projects registered with RERA. And once it will be come under RERA then they will be responsible for delay cause and have to pay compensation with penalty.I am agree with Mr. Vinay. As per RERA guidelines every builder has to register their ongoing or under construction projects registered with RERA. And once it will be come under RERA then they will be responsible for delay cause and have to pay compensation with penalty.
My replies to this discussion
You mean you have registered under PMAY. If you are register then you will must get your flat on time. Just get in touch with your local authority or you can also check with your registration number in PMAY link for more updates.You mean you have registered under PMAY. If you are register then you will must get your flat on time. Just get in touch with your local authority or you can also check with your registration number in PMAY link for more updates.
Q: Major issue like Leakage and seepage inside and outside buildings,Plumbing Tabs were damaged due to Bore well water issue, Drainage line issue, awaited for 24Hrs drinkable water,,MSEB issues, Pathetic street road structure without street lights,,

My replies to this discussion
Hi Satish, Dharti Green Acres strategically located at Kewale. It is one of the popular localities in suburb Beyond Panvel. Panvel, Kharghar, Kamothe, Taloja, Kalamboli, Karanjade, Koproli, Navade and Umroli are located close to Kewale. It is a well developed locality both in terms of social and civic point of view. All the daily basic necessities are within stone throw distance.Hi Satish, Dharti Green Acres strategically located at Kewale. It is one of the popular localities in suburb Beyond Panvel. Panvel, Kharghar, Kamothe, Taloja, Kalamboli, Karanjade, Koproli, Navade and Umroli are located close to Kewale. It is a well developed locality both in terms of social and civic point of view. All the daily basic necessities are within stone throw distance.
Q: I would like to know what are the important documents I need to submit while buying a property in India?

My replies to this discussion
Hello Neha, If you are an NRI interested in buying property in India, here is a check-list of documents you need to keep ready 1) Passport, copies of Passport, 2) Valid Visa and copies, 3) work permit, 4) contract of employment, 5) work experience certificate, 6) Latest salary certificate, 7) last 6 months pay slip, 8) Last 6 month payslips, 9) last one year bank statement of NRE or NRO accounts (Non-resident External (NRE) or Non-resident Ordinary (NRO)), 10) Power of Attorney (certificate giving power to an authorized person in India who will be registering the purchased property in the absence of the NRI buyer), 11) OCI or PIO card (Overseas Citizenship of India or Persons of Indian Origin), 12) Pan Card if available and, 13) Address Proof.Hello Neha, If you are an NRI interested in buying property in India, here is a check-list of documents you need to keep ready 1) Passport, copies of Passport, 2) Valid Visa and copies, 3) work permit, 4) contract of employment, 5) work experience certificate, 6) Latest salary certificate, 7) last 6 months pay slip, 8) Last 6 month payslips, 9) last one year bank statement of NRE or NRO accounts (Non-resident External (NRE) or Non-resident Ordinary (NRO)), 10) Power of Attorney (certificate giving power to an authorized person in India who will be registering the purchased property in the absence of the NRI buyer), 11) OCI or PIO card (Overseas Citizenship of India or Persons of Indian Origin), 12) Pan Card if available and, 13) Address Proof.
Q: buy a property in this project

My comments to replies
Thanks, Vineet.... Which local body and financial institutions have approved this project? How are the locality of this project and its connectivity to the other parts of the MMR?
As far as the local body is concerned, Thane Municipal Corporation has approved it and all the leading banks and financial institutions are offering loan for it. Thane West is one of the famous areas in Mumbai. NH-3, 4, SH-42 and 35 are the arterial roads that help in connecting this place to the neighboring areas. The region houses Thane Station that lies on the Central and Trans-Harbour Railway lines. All the daily basic necessities are within stone throw way distances.
21st November 2017

Q: If I have made any mistake in my life, it would be buying a flat at Enkay Garden. They always give fake promises which will never be implemented at ground level. I bought a Flat on Phase II 2 years back and they promised to give possession in 1 year. But still there is no hope of getting flat. They have disbursed 95% of my loan and the construction is still pending. I am paying interest as well as rent till now and no hope from Enkay Garden
My replies to this discussion
Hi Sunil, But as per the builder, Enkay Garden at Taloja has all the required permissions and approvals for its development. Phase I & II of the project have commencement certificate from Alibaug Town Planning Authority, Environmental clearance and other such required permissions. Permission from Airport Authority of India has also been acquired. Buyers in Phase I of the project have been given possession in the year 2013 and individual electricity meters and MIDC water is being provided to them. The construction work in Phase II is in progress, it was stalled for some time due to delay in environment clearance, however, it has been resolved and the permissions are in place. Work has begun in full swing and we intend to complete the work at phase II soon.Hi Sunil, But as per the builder, Enkay Garden at Taloja has all the required permissions and approvals for its development. Phase I & II of the project have commencement certificate from Alibaug Town Planning Authority, Environmental clearance and other such required permissions. Permission from Airport Authority of India has also been acquired. Buyers in Phase I of the project have been given possession in the year 2013 and individual electricity meters and MIDC water is being provided to them. The construction work in Phase II is in progress, it was stalled for some time due to delay in environment clearance, however, it has been resolved and the permissions are in place. Work has begun in full swing and we intend to complete the work at phase II soon.
Q: I AM PLANNING TO BUY THE PROPERTY PLEASE TELL ME 385 CARPET AREA HOW MUCH WILL BE SUPER BUILT AREA

My replies to this discussion
Hello Ravi, When there is more than one apartment on a floor, the super built-up area is calculated in a different manner. Let us assume this is the case. The area of Apartment 1 is 1000 square feet The area of Apartment 2 is 2000 square feet. The total common area is 1500 square feet, out of which the share of Apartment 1st common area is 500 sq. ft. while the share of an Apartment 2nd common area is 1000 sqft. Then the super built-up area of Apartment 1st is 1500 square feet and of Apartment, 2nd is 3000 Sqft.Hello Ravi, When there is more than one apartment on a floor, the super built-up area is calculated in a different manner. Let us assume this is the case. The area of Apartment 1 is 1000 square feet The area of Apartment 2 is 2000 square feet. The total common area is 1500 square feet, out of which the share of Apartment 1st common area is 500 sq. ft. while the share of an Apartment 2nd common area is 1000 sqft. Then the super built-up area of Apartment 1st is 1500 square feet and of Apartment, 2nd is 3000 Sqft.
Q: Piramal Vaikunth is the superb creation property developed by Piramal group, the developer is provide you a happy lifestyle inside the home. Some Facts Are- Piramal Vaikunth is perfect home property that is connected well to cinema hall, shopping areas, laundry, bank facility and industrial hub etc. The entire region of the property is bounded by the beautiful greeneries and trees and cool environment around the property. Each apartment of the property has prepared according to the Vastu considerations and allows proper ventilation of fresh air and light. Every wall of the property is painted with wall care putty and water resistant paints.

My replies to this discussion
Hi, Are you looking for flat in Piramal Vaikunth, Thane? What is your budget and BHK configuration? To get more details about this project, availability and price details, click this link Piramal Vaikunth, Balkum, Thane Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.Hi, Are you looking for flat in Piramal Vaikunth, Thane? What is your budget and BHK configuration? To get more details about this project, availability and price details, click this link Piramal Vaikunth, Balkum, Thane Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.
Q: Have they received an OC for all their 31 floors in each tower? should one make an investment on the 30th floor or are they facing legal issues for illegal construction?

My replies to this discussion
HDIL Metropolis Residences, Andheri West, Mumbai project is still in under-construction phase and only 3 towers have been approved. Its actual possession date was 30.12.2011 later they revised the proposed date of completion in 20.05.2018. No, they did not get Occupancy Certificate for any towers now.HDIL Metropolis Residences, Andheri West, Mumbai project is still in under-construction phase and only 3 towers have been approved. Its actual possession date was 30.12.2011 later they revised the proposed date of completion in 20.05.2018. No, they did not get Occupancy Certificate for any towers now.
Q: Mohan Gorups- Misused Society Maintenance Money. They have taken around 1.35 -1.5 lac+ Society maintenance Fund from each member. but While handing over the society, we have noticed that they have paid their employee salary and huge Diwali bonus from this Society maintenance fund. Which definitely unethical and incorrect. They have misuse our society maintenance fund.

My replies to this discussion
To the best of my knowledge, your builder is legally at weak point-not forming society, holding society funds etc. It is a simply a fraud case. The builder has no right to use the corpus fund for his own benefit, He should have handover the flat to the flat owners after completion of the project. He is taking everyone for a ride. When 60% of flats are sold, the builder is expected to form the society. Consult a good property lawyer and send him a legal notice. On getting a notice itself builder MAY sort out the issue without getting into the court battle.To the best of my knowledge, your builder is legally at weak point-not forming society, holding society funds etc. It is a simply a fraud case. The builder has no right to use the corpus fund for his own benefit, He should have handover the flat to the flat owners after completion of the project. He is taking everyone for a ride. When 60% of flats are sold, the builder is expected to form the society. Consult a good property lawyer and send him a legal notice. On getting a notice itself builder MAY sort out the issue without getting into the court battle.
Q: Mahindra Roots is a new launch residential property which is located in Kandivali East Mumbai.which offering 1 and 2 BHK apartments for the residents.For More Information.Visit Here:- mahindraroots.upcomingestate.com
My replies to this discussion
Yes, this project has been launched and offers 1 and 2 BHK residential flats. Variants are available from 448 - 719 sq ft (Carpet Area). 1BHK is available in 448 sqft while 2BHK from 651-719 sqft. Its per sqft rate is Rs.20000 per sqft. This project is spread over 1.1 acres consists 126 units in G plus 35 storeys building. A 2BHK flat in 652 sqft will cost you Rs.1.40 crore onward. Stamp duty and Registration charges extra.Yes, this project has been launched and offers 1 and 2 BHK residential flats. Variants are available from 448 - 719 sq ft (Carpet Area). 1BHK is available in 448 sqft while 2BHK from 651-719 sqft. Its per sqft rate is Rs.20000 per sqft. This project is spread over 1.1 acres consists 126 units in G plus 35 storeys building. A 2BHK flat in 652 sqft will cost you Rs.1.40 crore onward. Stamp duty and Registration charges extra.
Q: What will be the GST on a ready-to-move-in commercial shop from a builder wherein he is still waiting to get the Occupancy Certificate? Can the builder get the input benefit from the government on a deal?

My replies to this discussion
No GST to be paid on the under-construction property where you have paid the full amount before implementation of GST.No GST to be paid on the under-construction property where you have paid the full amount before implementation of GST.
GST is applicable on properties that have not yet received the Completion or Occupancy Certificate. Ready-to-move apartments will have no GST but the developer will only get input credits on construction costs. Developers will collect and pay GST on the cost of the project.GST is applicable on properties that have not yet received the Completion or Occupancy Certificate. Ready-to-move apartments will have no GST but the developer will only get input credits on construction costs. Developers will collect and pay GST on the cost of the project.
Q: www.lodhapanacea.com this project is good in dombivali? I am looking to buy 1 BHK flat in dombivali. My budget is upto 40 lakhs. lodha panacea i need home loan too, my net salary 30 thousand. please advise me.
My replies to this discussion
Lodha Panacea-1 is a recently launched project by leading real estate developer Lodha Group in Dombivali East, Mumbai. It offers 1, and 2 BHK residential apartments ranging from 446-612 (carpet area). 1 BHK available in 446 sq ft while 2 BHK start from 549 - 612 sq ft. This project is spread over 1.36 acres of land and consists of 5-towers. As per the developer, its expected possession date is December 2021. For more details, click this link Lodha Panacea-1, Dombivali East, Mumbai Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.Lodha Panacea-1 is a recently launched project by leading real estate developer Lodha Group in Dombivali East, Mumbai. It offers 1, and 2 BHK residential apartments ranging from 446-612 (carpet area). 1 BHK available in 446 sq ft while 2 BHK start from 549 - 612 sq ft. This project is spread over 1.36 acres of land and consists of 5-towers. As per the developer, its expected possession date is December 2021. For more details, click this link Lodha Panacea-1, Dombivali East, Mumbai Or, To get the best deal on it, You can call on this toll-free number (1800-833-1801) Or You can list your requirement Post your Requirements to get matching properties details on your Email and Mobile.
My replies to this discussion
Hi Pinky, Hiranandani Fortune City is a residential project by Hiranandani Communities situated in Panvel, Navi Mumbai. It offers Studio Apartment, 1,2,3 BHK residential flats. The sizes of flats are available from 304 sq.ft (carpet area) in studio apartment, 459 sq.ft (carpet area) in 1 BHK, 782 - 1100 sq.ft (carpet area) in 2 BHK, and 1718 sq.ft (carpet area) in 3 BHK apartment. A studio apartment will cost you Rs 45 lakh onward, for 1 BHK, you have to pay Rs 76 lakh onward, for 2 BHK apartment, it will cost you Rs 1.23 Cr - 1.65 Cr onward and for a 3 BHK apartment, Rs 2.50 crore onward.Hi Pinky, Hiranandani Fortune City is a residential project by Hiranandani Communities situated in Panvel, Navi Mumbai. It offers Studio Apartment, 1,2,3 BHK residential flats. The sizes of flats are available from 304 sq.ft (carpet area) in studio apartment, 459 sq.ft (carpet area) in 1 BHK, 782 - 1100 sq.ft (carpet area) in 2 BHK, and 1718 sq.ft (carpet area) in 3 BHK apartment. A studio apartment will cost you Rs 45 lakh onward, for 1 BHK, you have to pay Rs 76 lakh onward, for 2 BHK apartment, it will cost you Rs 1.23 Cr - 1.65 Cr onward and for a 3 BHK apartment, Rs 2.50 crore onward.
Currently, Hiranandani Fortune City is under construction and Panvel City Municiapl Corporation has approved this project. Almost all the leading banks and financial institutions are offering loan for it. As far as RERA registration is concerned, P52000001381 is its registration number provided by MahaRERA authority.Currently, Hiranandani Fortune City is under construction and Panvel City Municiapl Corporation has approved this project. Almost all the leading banks and financial institutions are offering loan for it. As far as RERA registration is concerned, P52000001381 is its registration number provided by MahaRERA authority.
Q: Hi I am in the process of buying a resale flat in Kandivli Area. It is a 2BHK flat. Here is the situation: - Original agreement from Builder to first owner had 3 flats each of 210, 235 and 195 sq ft carpet area - However, the building was constructed differently for some reason and all 3 flats were combined into 1 with total carpet area of 720 sq ft - Agreement from Builder to first owner has 3 separate agreements with 210,235 and 195 sq ft - Agreement from First builder to second builder has 720 sq ft carpet area - Society NOC provided at the time purchase made by second owner has 720 sq ft carpet area - Index 2 page has 720 sq ft carpet My concern is why is there a difference between original agreeement and all other agreements. Also, is it safe to go ahead with the deal? Are there any other documentation that I should be checking to be extra sure on this? Please advice Thank you and good luck!
My replies to this discussion
Price of the increased or decreased carpet area should be considered by the builder at the time of registration of the property and accordingly the buyer has to pay the amount or get the refund for the reduced area this is very common and in case you do not have any other dispute you can go ahead for the registration of the property for 720 sq.ft.Price of the increased or decreased carpet area should be considered by the builder at the time of registration of the property and accordingly the buyer has to pay the amount or get the refund for the reduced area this is very common and in case you do not have any other dispute you can go ahead for the registration of the property for 720 sq.ft.
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