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 replies to this discussion
Any under-construction property that is purchased within India is liable to pay VAT and Service Tax. When a buyer purchases a property, he/she might be asked by the seller to pay service tax and VAT.Any under-construction property that is purchased within India is liable to pay VAT and Service Tax. When a buyer purchases a property, he/she might be asked by the seller to pay service tax and VAT.
Q:
Prospective buyers always queue up for suggestions from those who have recently bought a property. Which are the key points one should look for?
My replies to this discussion
Right Rakhi,
You don't need to go too far to find a property of your choice. Real estate portals give you information about localities where there is housing supply. You can key in your budget, location preference, property preference. This could be a time-saving way to shortlist. Right Rakhi,
You don't need to go too far to find a property of your choice. Real estate portals give you information about localities where there is housing supply. You can key in your budget, location preference, property preference. This could be a time-saving way to shortlist.
Q:
Hi Team,
Need to buy 2BHK in balewadi near VIBGOYR School. Please suggest good flat. Same time want to sell 2bhk property from Megapolis.
My replies to this discussion
Hi Naveen,
Here are the list of 2BHK flats available for sale in Balewadi, Pune. To get more information of these properties click the link
2BHK for sale in Balewadi, Pune
Or,
To get best deal on your selected properties 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 Naveen,
Here are the list of 2BHK flats available for sale in Balewadi, Pune. To get more information of these properties click the link 2BHK for sale in Balewadi, Pune
Or,
To get best deal on your selected properties 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:
It's really a good news for Mumbaikers because the salt pans, which till now fell under the No Development Zone.
My replies to this discussion
Hi Saurav,
The biggest issue which will come out of this conclusion is what will take place in the changeover period till the new plan comes in. Due to uncertainness, developers will be unable to launch new projects. I hope that the new plan is executed at the earliest to avoid further negative impact on Mumbai's real estate and its infrastructure.Hi Saurav,
The biggest issue which will come out of this conclusion is what will take place in the changeover period till the new plan comes in. Due to uncertainness, developers will be unable to launch new projects. I hope that the new plan is executed at the earliest to avoid further negative impact on Mumbai's real estate and its infrastructure.
Q:
Hi, why Panvel in MMR emerged as affordable regions for people who want to buy houses in Mumbai?
My replies to this discussion
Right Vinay,
currently has a weighted average value of Rs 4050/sq-ft. The area has seen a decent appreciation of about 6% in the last one year.
Hence, if you want to buy an affordable house in a fast growing locality, Panvel is a good option.Right Vinay,
currently has a weighted average value of Rs 4050/sq-ft. The area has seen a decent appreciation of about 6% in the last one year.
Hence, if you want to buy an affordable house in a fast growing locality, Panvel is a good option.
Q:
Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.
My replies to this discussion
Right Vinay,
Mumbai will be the market that will be the most affected as norm violations have been at a maximum in the city, with delays and customer issues being at an all-time high. I believe the key beneficiaries of this will be developers which have a consistent track record of executing projects on time, such as Prestige Estates, Godrej Properties, Sobha Developers and Oberoi Realty.
Right Vinay,
Mumbai will be the market that will be the most affected as norm violations have been at a maximum in the city, with delays and customer issues being at an all-time high. I believe the key beneficiaries of this will be developers which have a consistent track record of executing projects on time, such as Prestige Estates, Godrej Properties, Sobha Developers and Oberoi Realty.
In Mumbai markets especially, each of the projects ties up with bankers and all the money that is received from the customers normally go to the banker's escrow account.
And from there depending on the stage of construction and requirement of the project, the banker and the company decide as to how much to be kept for them to adjust towards the interest and principle and what is to be released for the project. And usually the bankers observe through their monitoring statements on a month-on-month basis.In Mumbai markets especially, each of the projects ties up with bankers and all the money that is received from the customers normally go to the banker's escrow account.
And from there depending on the stage of construction and requirement of the project, the banker and the company decide as to how much to be kept for them to adjust towards the interest and principle and what is to be released for the project. And usually the bankers observe through their monitoring statements on a month-on-month basis.
Q:
Hey, i am planing to by a 3BHK flats in Rizvi Oak, Malad East? How much i have to pay as a booking amount? Anyone has booked a flat here?
My replies to this discussion
Hi all,
To get more information and availability of this project click this link
Rizvi Oak, Malad East, Mumbai
Or,
To get best deal in this property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You
Post your Requirementsto get matching properties details on your Email and Mobile.
Hi all,
To get more information and availability of this project click this link Rizvi Oak, Malad East, Mumbai
Or,
To get best deal in this property list your requirement here or you can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirementsto get matching properties details on your Email and Mobile.
Q:
Now a days, the property market of Ulwe in news. What is the main reason behind it?
My replies to this discussion
Hi everybody,
Currently, i am staying in Chembur. I want to buy 2BHK in Navi Mumbai. My budget is 60-70 lacs than which is the best option for me as a investment Panvel or Ulwe?Hi everybody,
Currently, i am staying in Chembur. I want to buy 2BHK in Navi Mumbai. My budget is 60-70 lacs than which is the best option for me as a investment Panvel or Ulwe?
Q:
The Union government may consider removing stamp duty on transfer of properties by private individuals and firms to real estate investment trusts that are expected to get listed on stock market beginning April next year.
My replies to this discussion
DLF has also announced plans to start 2 Reits, with one exclusively for commercial office space by end of this financial year. The company has made public plans to monetise about 30 million sq-ft office and retail space.DLF has also announced plans to start 2 Reits, with one exclusively for commercial office space by end of this financial year. The company has made public plans to monetise about 30 million sq-ft office and retail space.
Q:
SBI may have cut its base lending rate by 40 bps to 9.3% following RBI's latest policy rate cut, but the actual reduction in housing loan rate will be a maximum of only 20 bps.
My replies to this discussion
Yes, the happiness over State Bank of India's 40 bps (0.4%) reduction in interest rates is possible to get watered down significantly for home buyers. India's largest bank SBI told that the interest rate on new home loans will be only 20 bps lower which is less than 1/2 of the 50 bps reduction in standard rates by the RBI.Yes, the happiness over State Bank of India's 40 bps (0.4%) reduction in interest rates is possible to get watered down significantly for home buyers. India's largest bank SBI told that the interest rate on new home loans will be only 20 bps lower which is less than 1/2 of the 50 bps reduction in standard rates by the RBI.
Q:
Which are the top 5 rental markets in Q3 2015 as per availability? And what is the reason behind it?
My replies to this discussion
Hi,
For the 3rd consecutive time in the year 2015, Goregaon East once again lead the first position based on availability. Accessibility to the Western Expressway and Bandra Kurla Complex (BKC) are two major reasons catalyzing rental demand here. Others are Chembur, Andheri East, Powaia and Kharghar.Hi,
For the 3rd consecutive time in the year 2015, Goregaon East once again lead the first position based on availability. Accessibility to the Western Expressway and Bandra Kurla Complex (BKC) are two major reasons catalyzing rental demand here. Others are Chembur, Andheri East, Powaia and Kharghar.
Q:
i have applied for loan to icici all my documents are clear and now at a time of disbusment they r asking for cidco noc which i dont have is there any other alternative for this please tell me.and can i apply now and our property is a developing plot so please guide me for this.Thanking u
My replies to this discussion
Hi,
In case you are purchasing resale property you will be required to do 1) Cidco transfer procedure requires Builder/Soceity NOC, Copy of Sale Agreement between you and seller.
2) Mortage NOC requires CIDCO transfer completed, Mortgage Letter from Bank, Affidaviate saying you do not have any other loans for the said property.Hi,
In case you are purchasing resale property you will be required to do 1) Cidco transfer procedure requires Builder/Soceity NOC, Copy of Sale Agreement between you and seller.
2) Mortage NOC requires CIDCO transfer completed, Mortgage Letter from Bank, Affidaviate saying you do not have any other loans for the said property.
Q:
The Maharashtra government on October 7 assured the builders in the state of speedy approvals and faster clearances.
My replies to this discussion
Hi all,
It is certainly a well-known fact that real estate is one of the major contributors to the country's GDP, and this sector cannot perform well in a scenario where a misleading crowd of agencies are involved in processing approvals for real estate projects. Hi all,
It is certainly a well-known fact that real estate is one of the major contributors to the country's GDP, and this sector cannot perform well in a scenario where a misleading crowd of agencies are involved in processing approvals for real estate projects.
Q:
Due to the slowdown in realty market, project delay is very common these days. Completing a project on time is a big achievement.
My replies to this discussion
Right Santosh,
Project delay has huge financial loss for the buyer both in terms of home loan interest outflow and opportunity loss. Opportunity loss is potential rent received for a property. On an average, a project delay may cost you Rs 25000/month. At the time of purchase, builder assures the buyer on timely completion by incorporating penalty clauses w.r.t project delay in the agreement. But they always failed to do so.Right Santosh,
Project delay has huge financial loss for the buyer both in terms of home loan interest outflow and opportunity loss. Opportunity loss is potential rent received for a property. On an average, a project delay may cost you Rs 25000/month. At the time of purchase, builder assures the buyer on timely completion by incorporating penalty clauses w.r.t project delay in the agreement. But they always failed to do so.
