Mukesh, Mumbai
Q: What are the reasons behind the higher rate of sales in Delhi?
Latest Answer: Hey Emina, the reasons behind the speedy sales of the apartments in Delhi is the wider market. Residents from neighboring states like Punjab, UP and Delhi are investing into the projects.

Q: The real estate in India still running in a slower pace. Is there any investment opportunity coming up from the Private equity firms?
Latest Answer: Anand Rathi & Knight Frank has planned to raise Rs 500 crore funds for the real estate market in India.

Q: I came to know that Air India is running in deep financial crisis. What has it do to reduce the financial trouble?

Latest Answer: Hi Kuntal, which is the office space that it is leasing out and for how much?

Q: What is happening to the sensex for the DLF builders?

Latest Answer: Mukesh, the stock price of DLF is floating with a lower value. That is the reason the BSE sensex has planned to remove the index.

Q: Why the Tax forum has asked the Delhi government to include the VAT for the builders and land developers?

Latest Answer: The Forum has also asked a reduction in the VAT rate of work contracts by builders in order to make purchase of houses and flats more affordable.

Q: There used to be a forest reserve some years ago near Vasant Kunj area! Where is it now?

Latest Answer: According to sources, the residents and the Earth Saviours Foundation launched a campaign on Earth Day. They demanded to build a fence around the forest and stop the trespassing and also requested the government to maintain the forest and plant more trees to restore it.

Q: Why is it that BBMP lay down speed breakers and digg it back to mess hundred times?

Latest Answer: BBMP has to improve its functioning. It has to be more care and be alert before taking any decision, so that it avoids future losses. Constructing and destructing again and again proves it irresponsibility. All the expenses will be again put on the public.

Q: It has been observed that project completions are delayed in most cases. Why is this delay happening?

Latest Answer: And one more reason for delay is due to the long time taken in getting approvals from different departments. Settling all the legal issues if any and getting necessary resources cause delay.

Q: Prior to MCD elections, garbage issue can also be a turning point for a voter! What is the civic body doing about the issue?

Latest Answer: Garbage dumping is a common sight in Delhi. There are some citizens who believe in doing the task themselves than complaining.

Q: What are the issues faced by the residents of Gulmohar Park, Delhi?

Latest Answer: The issue faced by the residents of Gulmohar Park are stray dog menace, drainage problem, garbage dumping, parking etc.

Q: The government introduced new rules for calculating the FSI. Will it be helpful for the builders to sell properties in lesser price?

Latest Answer: You are right Praveen, These rules would bring in transparency and curb corruption as they limit discretionary powers of authorities and provide a level playing field for all developers. Brihanmumbai Municipal Corporation (BMC) expects to earn upto Rs.1000 crores a year, which would be used in infrastructure developments in Mumbai.

Q: I heard that the number of sales in real estate is happening more in Delhi region. Can someone tell me which are those regions?

Latest Answer: Hi Mukesh the sales of real estate properties in Gautam Budh Nagar is high compared to other areas. Regions like Noida, Greater Noida and Yamuna Expressway are most attractive for home buyers.

Q: Why so many empty apartments are there in Gurgaon region?

Latest Answer: Hi Mukesh, one fifth of apartments are lying vacant in Gurgaon. Few people have bought multiple apartments as investment. The investors are holding the apartments in hope that price will further go up in near future.

Q: The sales of apartments is lower than ever. Is there any scope of reduction in price?

Latest Answer: Mukesh, the price is expected to further increase in the coming future due to the increase in stamp duties, service tax and high interest rate.

Q: The real estate projects in the country are experiencing a down time. Is there any new project coming up in Haryana?

Latest Answer: Hi all, Oma will include 1BHK to 6 BHK flats and service apartments. The proposed investment amount will be Rs.300 crore.

Q: Varanasi has the river of Ganges. And the river has everlasting flow of water. Then why Varanasi is facing water crisis?

Latest Answer: The major concern for the department of water supply is the water supply arrangement in the city. As the water supply pipeline is very old, lot of leakage disrupt the steady flow of water.

Q: What are the necessary impacts can happen on real estate from the Budget?

Latest Answer: If the budget opens the inflow of foreign investment then definitely the real estate industry will be benefited by the budget

Q: Hello! I am Mukesh here... What is the status update about the tax evasion which was carried out in Surat?

Latest Answer: If the owners of these properties fail to response to the notices, they will definitely have to bear the burnt of seal drive.

Q: I heard that there is prevalence of heavy traffic jams at market place near Dwarka. What is the actual scenario?

Latest Answer: The scenario does not seems to be good, the market fare held on Thursday and Saturday are creating lot of chaos adding on lot of garbage dump besides apartments and heavy traffic jams near Dwarka.

Q: What is the specialty of the residential apartment in Mumbai costing Rs 1.11 lakh per square feet?

Latest Answer: Hey even I heard that none of them pay maintenance charges instead the owner get an annual dividend of Rs 6 to 12 lakhs. Even the owners do not paying any monthly outgoings or municipal taxes.

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