Latest Answer: Hi Kamal, Aasra housing scheme is planned for giving free houses to urban poor whose monthly income is below Rs 6,000. The houses are planned to be developed on ground plus two floors. The houses will be constructed on Nainital road in Rampur. The scheme is being executed by the State Urban Development Agency under the Department of Urban Employment and Poverty Alleviation
Latest Answer: Hi Guys,
According to the latest news, as part of attempts to have the industrial hub selected among the 1st phase of smart cities of the nation, the Municipal Corporation of Faridabad (MCF) is arranging motivating sessions with different stakeholders to develop a new plan in this regard.
Latest Answer: Nagpur real estate has observed significant growth due to the Mihan project. Observing the growth, a series of residential projects were launched including Sahara City. Properties in Wardha Road have observed significant price-hikes. The rate of bookings was very high in the initial stages, but gradually it fell down.. Moreover the demand for Sahara City project fell drastically compared to other projects which were launched same time. Many buyers chose to cancel their bookings and they got the booking amount refunded with great difficulty.
Latest Answer: As per the proposed realty bill, compulsory registration of properties has been made mandatory, while giving possession in the name of buyer. There should be stipulation about a situation when a buyer defaults in payment so that the developer is not at the receiving end.
Q:
Is there any risk involved in purchasing the under construction property. What action can i take if I am not getting the possession on prescribed time limit.
Latest Answer: Hi Kamal, Risk is there because if you book a under construction property then you can face delays or may be due to some legal reason the work may stop for sometime.
Q:
I’m planning to buy a plot in RK Township by Magnum Developers, on Bommasandra Road, Electronic City. I like the location since it is 5km from Infosys and 13-15 KM from Silk Board. For plot the price they are quoting is 1550/sq.ft.
Before doing the site visit, I would like to know if it is worth investing in this project and area?
Latest Answer: Hey Kamal, If you planning to buy a plot for your own use then it is fine and even the rates are also affordable but if you are planning for investment purpose then you can expect appreciation after 5- 6 years.
Latest Answer: Hi all, the Land Bill proposes that minimum compensation of the land should be four times the market value in rural areas and in urban areas it should be two times the market value. If the cost is increased like this, then think of the other things which are depending on it..
Latest Answer: Hey Richa, Cochin need to be reconstructed as a planned city in order to get rid of the issues like traffic, pollution etc. And that process is in progress with the Cochin Metro also.
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