Q:
Has the real estate experts estimated what percent of affordable home sales will go up?
My replies to this discussion
Due to the budget announcement, luxury housing might impact marginally. This is about a provision related to property worth over Rs 1 crore. The rate of abatement on homes and flats of above 2,000 sq ft, or costing Rs 1 crore and above, has been reduced from 75 percent to 70 percent in the Budget. According to a real estate expert, the benefit will motivate property buyers in small cities. It was said that there will be some benefits in selected locations like Noida Extension in the NCR, but there won’t be any benefits in markets such as Mumbai.Due to the budget announcement, luxury housing might impact marginally. This is about a provision related to property worth over Rs 1 crore. The rate of abatement on homes and flats of above 2,000 sq ft, or costing Rs 1 crore and above, has been reduced from 75 percent to 70 percent in the Budget. According to a real estate expert, the benefit will motivate property buyers in small cities. It was said that there will be some benefits in selected locations like Noida Extension in the NCR, but there won’t be any benefits in markets such as Mumbai.
Q:
Hi I visited the site last week. has somebody already booked an villa their?
My replies to this discussion
You can try negotiating by asking 30% less on what builder is quoting for the villas in and around Sarjapur.Rent prospects are very bleak in this area and you will have hard time in getting tenants(Scenario will be diff in Infosys SEZ starts)You can try negotiating by asking 30% less on what builder is quoting for the villas in and around Sarjapur.Rent prospects are very bleak in this area and you will have hard time in getting tenants(Scenario will be diff in Infosys SEZ starts)
Q:
Hi, I had bought a property in 1998 for Rs 1 lakh and now I wish to sell it for 50 lakh. I’m looking to buy two properties esch of 5 lakh one in hebbal and the other near electronic city. Kindly, suggest if my capital gains by selling my existing property will be included in the purchase of the new properties? What are the ways to minimize the capital gains?
My replies to this discussion
You can claim tax exemption under Section 54 on the long-term capital gain on sale of a property. If you buy a house within two years or construct a house within three years with all the profit made of sale, then you can avail tax exemption. You can avail tax exemption if you had bought a second house within a year before selling the first house. Further, you can avail tax exemption under Section 54 (F), too. For this, you need to own not more than one house and invest sale proceeds from assets other than a house in real estate. Real estate investment in India must be made in residential properties, not in commercial properties or vacant plot, in order to avail tax exemption.You can claim tax exemption under Section 54 on the long-term capital gain on sale of a property. If you buy a house within two years or construct a house within three years with all the profit made of sale, then you can avail tax exemption. You can avail tax exemption if you had bought a second house within a year before selling the first house. Further, you can avail tax exemption under Section 54 (F), too. For this, you need to own not more than one house and invest sale proceeds from assets other than a house in real estate. Real estate investment in India must be made in residential properties, not in commercial properties or vacant plot, in order to avail tax exemption.
Q:
Is Indian real estate going to see a boom in the future?
My replies to this discussion
A prospective property buyer firstly looks to get complete confidence that his/her hard earned money is safe in the project that he/she is planning to invest in. A buyer wants transparency in project dealing from the consultant. While buying a property, buyers are primarily interested in getting a place for them and after that he thinks of the appreciation benefits. For a property buyer, connectivity, locality and amenities in that location play a major role.A prospective property buyer firstly looks to get complete confidence that his/her hard earned money is safe in the project that he/she is planning to invest in. A buyer wants transparency in project dealing from the consultant. While buying a property, buyers are primarily interested in getting a place for them and after that he thinks of the appreciation benefits. For a property buyer, connectivity, locality and amenities in that location play a major role.
Q:
How is the metro work going on in Vijaynagar? Is the BMRCL maintaining all the safety measures?
My replies to this discussion
BMRCL has placed nets to cover the iron pillars and placed boards marking boundaries for where the metro work is happening. However these safety measures are missing at a number of places and some of them became old and torn off. The road near the Vijayanagar telephone exchange directly under the station is close to traffic, but commuters have to pass through a side road which is close to the Metro construction. Although the area is barred , without nets, commuters below continue to be at a riskBMRCL has placed nets to cover the iron pillars and placed boards marking boundaries for where the metro work is happening. However these safety measures are missing at a number of places and some of them became old and torn off. The road near the Vijayanagar telephone exchange directly under the station is close to traffic, but commuters have to pass through a side road which is close to the Metro construction. Although the area is barred , without nets, commuters below continue to be at a risk
Q:
Where and when the exhibition going to happen ?
My replies to this discussion
The developers is going to showcase 12,000 plus properties spread across Mumbai and Mumbai Metropolitian Region. During the fourth day of the exhibition, visitors will get to know the conveniences and aspirational living standards that are on offer. State Bank of India is the co-sponsor of the exhibition. Some other banks like Punjab National Bank, Canara Bank, Leading Housing Finance Institution (HFIs) including HDFC Ltd are part of this exhibition.The developers is going to showcase 12,000 plus properties spread across Mumbai and Mumbai Metropolitian Region. During the fourth day of the exhibition, visitors will get to know the conveniences and aspirational living standards that are on offer. State Bank of India is the co-sponsor of the exhibition. Some other banks like Punjab National Bank, Canara Bank, Leading Housing Finance Institution (HFIs) including HDFC Ltd are part of this exhibition.
Q:
How much rebate in property tax ex service men going to get?
My replies to this discussion
BBMP Revenue Deputy Commissioner said that the 50 percent rebate was imposed this fiscal. He also said that the gazzetted notification was issued in April 2012 but the notice reached the BBMP by August. However, the ex-servicemen had already paid their taxes by that time.BBMP Revenue Deputy Commissioner said that the 50 percent rebate was imposed this fiscal. He also said that the gazzetted notification was issued in April 2012 but the notice reached the BBMP by August. However, the ex-servicemen had already paid their taxes by that time.
Q:
Can we expect appreciation in Arekere after few years? Is it worth investing in this area?
My replies to this discussion
As the area is close to high-end hospitals, educational institutions and shopping malls, which makes it a preferred area by professionals working in corporate houses and software companies. According to industry experts, the area is not only witnessing high demand for residential property but for commercial and retail properties too.As the area is close to high-end hospitals, educational institutions and shopping malls, which makes it a preferred area by professionals working in corporate houses and software companies. According to industry experts, the area is not only witnessing high demand for residential property but for commercial and retail properties too.
Q:
What are the new project coming up in Bannerghatta road?
My replies to this discussion
The price of the apartment ranges from Rs 61 lakhs to Rs 92 lakhsThe price of the apartment ranges from Rs 61 lakhs to Rs 92 lakhs
Q:
How is the rental value in Marathahalli?
My replies to this discussion
Marathahalli is well connected and is close to the Belampur-Faizpur Road, ITPL, Whitefield, etc. More IT people are renting out space here.Marathahalli is well connected and is close to the Belampur-Faizpur Road, ITPL, Whitefield, etc. More IT people are renting out space here.
Q:
What the real estate developers have decided to increase the house sale count?
My replies to this discussion
The discounts and new launches offered by real estate developers has increased the sales volumes across cities during January-March. The launch price of properties was lower than market rates.The discounts and new launches offered by real estate developers has increased the sales volumes across cities during January-March. The launch price of properties was lower than market rates.
Q:
I am looking for some more information about the project Riva Residences.
My replies to this discussion
According to property advisory firm Jones Lang LaSalle India, there are currently around 30 projects for senior citizens in India, and 30 more in the pipeline.According to property advisory firm Jones Lang LaSalle India, there are currently around 30 projects for senior citizens in India, and 30 more in the pipeline.
Q:
How is the cost of properties in the outskirts on Bangalore?
My replies to this discussion
What is the price per square feet in Devanahalli ?What is the price per square feet in Devanahalli ?
Q:
Is this a apartment or villa project? Is it worth investing for long term?
My replies to this discussion
Ozone Urbana offers apartments, villas and plotsOzone Urbana offers apartments, villas and plots
Q:
What are the proposed infrastructural projects in Bangalore?
My replies to this discussion
Ring Road from Bannerghatta Road to Silk Board Junction, Halagevaderahalli and Panthara Palya Road, Abbigere-Lakshmipura Road, Chikkabanavara Ganigara Halli to Somashetty Halli, Thindlu to Nanjappa Circle, Thindlu to Syndicate Bank on Tannery Road, Vidyaranyapura Road, Begur Road, Mission Road. The project has been pending for three years ever since corporators were elected.Ring Road from Bannerghatta Road to Silk Board Junction, Halagevaderahalli and Panthara Palya Road, Abbigere-Lakshmipura Road, Chikkabanavara Ganigara Halli to Somashetty Halli, Thindlu to Nanjappa Circle, Thindlu to Syndicate Bank on Tannery Road, Vidyaranyapura Road, Begur Road, Mission Road. The project has been pending for three years ever since corporators were elected.
Q:
What is guidance value in Bangalore?
My replies to this discussion
According to high officials from the stamps and registration department, the draft of the revision will be submitted to the government in August. After the cabinet gives a nod, the revised values are likely to be implemented from October 2013.According to high officials from the stamps and registration department, the draft of the revision will be submitted to the government in August. After the cabinet gives a nod, the revised values are likely to be implemented from October 2013.
Q:
When the finance department implemented TDS in Bangalore?
My replies to this discussion
In 2010-11, 12,000 properties were registered across the state. In 2011-12, it was 3 lakh registrationsIn 2010-11, 12,000 properties were registered across the state. In 2011-12, it was 3 lakh registrations
Q:
I am planning to buy a flat in Phase I of Godrej E City. Is there any availability?
My replies to this discussion
Godrej E-City Phase II is closed to major IT parks and connectivity to the NH-7. The project is surrounded by excellent social infrastructure, excellent connectivity and covered car parking for every home. Godrej E-City Phase II is closed to major IT parks and connectivity to the NH-7. The project is surrounded by excellent social infrastructure, excellent connectivity and covered car parking for every home.
Q:
I liked this project and planning to buy a property in the same. Is the project launched?
My replies to this discussion
Mahaveer Horizons is a premium project of Reddy Structures Pvt. Ltd., the Bangalore based Real Estate giants. The group has always been synonymous with offering a perfect blend of comfort and efficiency. Located at a stone throws distance from Hoodi JunctionMahaveer Horizons is a premium project of Reddy Structures Pvt. Ltd., the Bangalore based Real Estate giants. The group has always been synonymous with offering a perfect blend of comfort and efficiency. Located at a stone throws distance from Hoodi Junction
Q:
How to pay the tax online?
My replies to this discussion
If the Property Tax is not paid on time there is a 2% penalty per month on the total payable property Tax.If the Property Tax is not paid on time there is a 2% penalty per month on the total payable property Tax.
Some of the Bangaloreans does not have new PID number then how they are going to pay the tax?Some of the Bangaloreans does not have new PID number then how they are going to pay the tax?
Q:
When is the expected possession date ? Which all units are currently available ?
My replies to this discussion
Is Splendid Times Square a mixed use development? When they are planning to give possession?Is Splendid Times Square a mixed use development? When they are planning to give possession?
Q:
I am looking for a 2 bedroom apartment. What is the status of the project and what is the price they are quoting?
My replies to this discussion
The rate per sqft they are quoting is Rs 3960 and they are planning to give the possession of the project by end 2015. The rate per sqft they are quoting is Rs 3960 and they are planning to give the possession of the project by end 2015.
Marathahalli, the pride of east Bangalore is now hailed as one of the growing localities of the city, which has gained prominence both among the developers and property buyers. Positioning of the area as the 13th best place to dwell among 20 localities in the city, bear witness to the growth of the vicinity.
Marathahalli is totted up as one of the lucrative areas for developers with promising returns. Due to the upcoming residential units in the region and tacking on of the IT zone, the locality has been eyed as one of the potential areas for real estate investment. Marathahalli, the pride of east Bangalore is now hailed as one of the growing localities of the city, which has gained prominence both among the developers and property buyers. Positioning of the area as the 13th best place to dwell among 20 localities in the city, bear witness to the growth of the vicinity.
Marathahalli is totted up as one of the lucrative areas for developers with promising returns. Due to the upcoming residential units in the region and tacking on of the IT zone, the locality has been eyed as one of the potential areas for real estate investment.
Q:
I am looking for a 2 bhk in Century Breeze. I wanted to know how is the locality and the surroundings. How much will a 2 bhk cost?
My replies to this discussion
Century Breeze is spread over 5.28 acres of land and it will have 304 units with a combination of 2,3 and 3.5 bedrooms apartments. The project offers amenities like Lounge/Reception/Coffee Shop
Library
Theatre with Projection Room
Saloon Spa with Steam & Sauna
Health Club
Heated Indoor Swimming Pool
Multipurpose Hall
Squash Court
Two Lane Bowling Alley
Business Centre
Carrom, Table Tennis, Billiards
Laundry Facility
Clinic, ATM & CrècheCentury Breeze is spread over 5.28 acres of land and it will have 304 units with a combination of 2,3 and 3.5 bedrooms apartments. The project offers amenities like Lounge/Reception/Coffee Shop
Library
Theatre with Projection Room
Saloon Spa with Steam & Sauna
Health Club
Heated Indoor Swimming Pool
Multipurpose Hall
Squash Court
Two Lane Bowling Alley
Business Centre
Carrom, Table Tennis, Billiards
Laundry Facility
Clinic, ATM & Crèche
Q:
What type of villas the project is offering and how many villas will be there? When they are planning to complete the project?
My replies to this discussion
Chandrapur Anekal Road from Chandrapura circle till Anekal is about 14 kms long which is being widened. Chandrapura Anekal belt is fast developing and is well planned, it is well connected to Silk Board and Koramangala. PES Engineering College and Oxford Institution is also less than 15 kms from CA Belt. So I feel the idea of investing in CA Belt is not a bad option.Chandrapur Anekal Road from Chandrapura circle till Anekal is about 14 kms long which is being widened. Chandrapura Anekal belt is fast developing and is well planned, it is well connected to Silk Board and Koramangala. PES Engineering College and Oxford Institution is also less than 15 kms from CA Belt. So I feel the idea of investing in CA Belt is not a bad option.
Q:
Can anyone suggest me which floor should I choose to live on a high rise building
My replies to this discussion
It is very difficult to say which floor is the best floor to live in because all the floors have some advantages and disadvantages.
Top Floor: PROS: Less noise and less foot traffic, Lower heating cost during winters, better view of the city.
CONS: Higher AC bills during summers, moving heavy items can be a problem, if lifts are under maintenance, it can be a pain.
Middle floor: PROS & CONS: You need not have to climb as many stairs as top floors when the lift in under maintenance and a steady power consumption rate during each season
Bottom Floor: PROS: Less AC bills, ground floor will get less light and dampness
CONS: The security on ground levels is more compare to upper floors, ground floor remains comparatively cooler and power consumption is also lowIt is very difficult to say which floor is the best floor to live in because all the floors have some advantages and disadvantages.
Top Floor: PROS: Less noise and less foot traffic, Lower heating cost during winters, better view of the city.
CONS: Higher AC bills during summers, moving heavy items can be a problem, if lifts are under maintenance, it can be a pain.
Middle floor: PROS & CONS: You need not have to climb as many stairs as top floors when the lift in under maintenance and a steady power consumption rate during each season
Bottom Floor: PROS: Less AC bills, ground floor will get less light and dampness
CONS: The security on ground levels is more compare to upper floors, ground floor remains comparatively cooler and power consumption is also low
Q:
Is it the right time to buy a property during the festive season?
My replies to this discussion
The festive season brings auspiciousness in life and hence, there has always been a surge in demand for real estate during this time.. You can also get good offers, discounts and even builders will be giving freebies. The festive season brings auspiciousness in life and hence, there has always been a surge in demand for real estate during this time.. You can also get good offers, discounts and even builders will be giving freebies.
