Q:
Hi, Does anyone has any idea of work status of DB realty's orchid ozone property in Dahisar east???
The work has totally stopped for last 12 months. Every time I went there, I was told that work will start in 15-20 days, but it has not started. Is any one aware of the same? Also, any other flat owners in that project, can we please get in touch. Thanks
Q:
I heard that property prices in Mumbai have gone down? What is the new update now? Any good reform for buyers?
My replies to this discussion
Hi all,
Can you tell me the current property rates of Andheri east and West? Can i get a 2BHK on lease in those localities? My budget is Rs. 35000-40000/month. What is the current value of residential lease in Andheri East and West?Hi all,
Can you tell me the current property rates of Andheri east and West? Can i get a 2BHK on lease in those localities? My budget is Rs. 35000-40000/month. What is the current value of residential lease in Andheri East and West?
Q:
Got to know that Godrej properties are coming up with a new project in Chembur in Mumbai. The project's name is Godrej Central? does anyone has details about this project? how is it for investment purpose?
Q:
Which is a better place to invest Ulwe or Panvel in Navi Mumbai?
My replies to this discussion
HI,
Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors.
Growth Factors like 1) proximity to Navi Mumbai International airport, 2) it is connected with the important Thane-Belapur Road through the Uran Road,which also connects it with the JNPT Road that goes towards the Jawaharlal Nehru Port.HI,
Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors.
Growth Factors like 1) proximity to Navi Mumbai International airport, 2) it is connected with the important Thane-Belapur Road through the Uran Road,which also connects it with the JNPT Road that goes towards the Jawaharlal Nehru Port.
Here is some places in Navi Mumbai where you can buy your dream home. Panvel is the most populated city in Raigad area in Maharashtra. Now-a-days Panvel of Navi Mumbai is in news for its housing demand. It is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. While great connectivity and the upcoming international airport play a key role in giving a fillip to the areas realty growth.Here is some places in Navi Mumbai where you can buy your dream home. Panvel is the most populated city in Raigad area in Maharashtra. Now-a-days Panvel of Navi Mumbai is in news for its housing demand. It is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. While great connectivity and the upcoming international airport play a key role in giving a fillip to the areas realty growth.
Q:
Planning to book a 2 BHK flat in SD Bhalerao. Has the project taken off??
Q:
Need feedback about how is the locality to buy an apartment for end use.
Q:
My budget is abt 30 lacs
Apartment Resident
27th August 2014
Q:
How is Runwal desire bettr than lodha palava project ??? Pls advise
Q:
I have booked a flat in CASA RIO - Genevia - LOOKS LIKE the construction is delayed.
My replies to this discussion
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.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.
Q:
Do you know that recently, the Maharashtra Rent Control Bill 1999 passed with amendments by both the Legislative Assembly and Legislative Council. It is targated to bring together the 3 different Rent Control Laws in operation in the State of Maharashtra.
My replies to this discussion
Even i read the news and found that the Housing activist has criticize the state government and said the plan was part of its liberalization agenda. It does not mean that families occupying larger flats are not necessarily wealthy.Even i read the news and found that the Housing activist has criticize the state government and said the plan was part of its liberalization agenda. It does not mean that families occupying larger flats are not necessarily wealthy.
Q:
The affordable housing sector was expecting that the Modi govt, like last time, would extend some support to it and solve the difficulties. But hopeless result.
Q:
How Indian Real Estate Market will likely fair in 2015?
My replies to this discussion
@Anirudh,
The Planning Commission estimates that by 2030, about 600 million people will live in cities. Affordable housing therefore is a huge demand and the industry has a large gap to meet, with shortage seen among the low income groups. International agencies like IMF and World Bank predict an increase in GDP.
Real estate market is driven largely by sentiment. First half of 2015 will be largely recovery with property markets.@Anirudh,
The Planning Commission estimates that by 2030, about 600 million people will live in cities. Affordable housing therefore is a huge demand and the industry has a large gap to meet, with shortage seen among the low income groups. International agencies like IMF and World Bank predict an increase in GDP.
Real estate market is driven largely by sentiment. First half of 2015 will be largely recovery with property markets.
Q:
What is the expected Growth rate of India Real estate market? What is the contribution of Tier 1 metropolitan?
My replies to this discussion
Hi,
The real estate sector in India is estimated to reach US$ 180 billion by 2020. The expected growth rate of the industry is at a compound annual growth rate (CAGR) of 19% for the period 20102014, whereas the Tier I metropolitan cities contributing to almost 40% of this growth.Hi,
The real estate sector in India is estimated to reach US$ 180 billion by 2020. The expected growth rate of the industry is at a compound annual growth rate (CAGR) of 19% for the period 20102014, whereas the Tier I metropolitan cities contributing to almost 40% of this growth.
Q:
I think they have decided to play a big batting on the online platform for sale of its property.
Q:
have purchase 1 BHK flat mohan greenwoods. still possesion is halted due to OC certificate. It's more than 1 year after promise date of possesion in aggrement still I am waiting.Also they take 2 lacs for NOC , if you wants to sell your flat. just sucking money from money.
My replies to this discussion
Hi Tushar,
If your building dose not have OC then no bank will sanction loans . you pay more for water and other municipal services .
You can file complaint against builder before consumer forum for deficiency in service and to obtain OC . It is builder job to get OC.Hi Tushar,
If your building dose not have OC then no bank will sanction loans . you pay more for water and other municipal services .
You can file complaint against builder before consumer forum for deficiency in service and to obtain OC . It is builder job to get OC.
Q:
I have booked a 2BHK in this project and want to connect with anyone who has booked. Do that we can update each other on the status, payments, paperwork, etc.
My replies to this discussion
Hi,
Saptashree Galaxy is the first large scale residential project by Saptashree Group, coming up at Padle, Shil Kalyan Road, Thane. It offers 1/2BHK residential apartments from 665-1005 sq-ft. It;s current price is Rs. 4999/sq-ft. and 20:80 payments plan is also available. Saptashree Galaxy comes up with Multiple Tower of Stilt + 16 Floors.Hi,
Saptashree Galaxy is the first large scale residential project by Saptashree Group, coming up at Padle, Shil Kalyan Road, Thane. It offers 1/2BHK residential apartments from 665-1005 sq-ft. It;s current price is Rs. 4999/sq-ft. and 20:80 payments plan is also available. Saptashree Galaxy comes up with Multiple Tower of Stilt + 16 Floors.
Q:
Hi, what makes Andheri West a preferred rental destination in Mumbai?
My replies to this discussion
Hi,
My question to all the above gentleman who have highlights about the Andheri West. I think there is not a single locality in the MMR which don't have any civic issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Can anybody come forward and aware the people about these issues? Thanks...Hi,
My question to all the above gentleman who have highlights about the Andheri West. I think there is not a single locality in the MMR which don't have any civic issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Can anybody come forward and aware the people about these issues? Thanks...
Q:
Hi, how are investment prospects in Panvel?
My replies to this discussion
How is the social infrastructure of the locality? Is the locality well connected with The CBD Belapur? And which are the locality easily accessible from the Panvel?How is the social infrastructure of the locality? Is the locality well connected with The CBD Belapur? And which are the locality easily accessible from the Panvel?
Q:
Do you know that Piramal Fund Management has invested R125 Cr in a slum redevelopment project, BKC One, carried out in Bandra-Kurla Complex by Kolkata-based Forum Group and Mumbai's Omkar Realtors and Developers Pvt. Ltd.
My replies to this discussion
Piramal Fund Management's main planning to raise a second store on the same lines anyway it would also get society redevelopments under its crease in the new support.Piramal Fund Management's main planning to raise a second store on the same lines anyway it would also get society redevelopments under its crease in the new support.
Q:
Hi, which are the top five rentals market of MMR?
My replies to this discussion
@Shaunak,
As i have studied closely about these localities and found top 5 rental destinations according to the availability of apartments.
1BHK :- Mira Road, Kharghar, Dombivli East, Kandivali East and Goregaon East.
2BHK :- Kharghar, Mira Road, Goregaon East, Kandivali East and Ghodbunder Road.
3BHK :- Kharghar, Andheri East, Kandivali East, Mira Road and Chembur.@Shaunak,
As i have studied closely about these localities and found top 5 rental destinations according to the availability of apartments.
1BHK :- Mira Road, Kharghar, Dombivli East, Kandivali East and Goregaon East.
2BHK :- Kharghar, Mira Road, Goregaon East, Kandivali East and Ghodbunder Road.
3BHK :- Kharghar, Andheri East, Kandivali East, Mira Road and Chembur.
Q:
Good news for property buyers! The Union Cabinet has approved the Real Estate Development and Regulation Bill along with certain key amendments.
Q:
Which are the top 10 real estate companies in India? Can anybody name them?
Q:
What are the pros and cons of land acquisition bill ?
Q:
Hi, Can anybody share the launch date of Omkar Kenspeckle, Andheri East?
My replies to this discussion
Hi Abhinand,
This project is still in pre-launch phase and expected to be launched within 2-3 month as per the developer. Even they have stopped the booking for Kenspeckle, Andheri east, Mumbai.Hi Abhinand,
This project is still in pre-launch phase and expected to be launched within 2-3 month as per the developer. Even they have stopped the booking for Kenspeckle, Andheri east, Mumbai.
Q:
Hi, is there any specific launch date given by the builder for JP North? Is there any special discounts on booking homes?
My replies to this discussion
Hi Kishore,
Yes, home buyers can avail special surprises on booking homes at any of the Groups projects till the 26th of April. They have also offered festival discounts on the eve of Akshaya Tritiya and this festivities extends till the 26th of April 2015.Hi Kishore,
Yes, home buyers can avail special surprises on booking homes at any of the Groups projects till the 26th of April. They have also offered festival discounts on the eve of Akshaya Tritiya and this festivities extends till the 26th of April 2015.
Q:
Hi Guys, when is the construction work going to start in Runwal Eirene?
My replies to this discussion
Hi Arushisha,
You haven't mentioned about the project approval? As it is very necessary for the first time buyers to check all the necessary approvals before buying property anywhere in the country? Which all banks have approved this project?Hi Arushisha,
You haven't mentioned about the project approval? As it is very necessary for the first time buyers to check all the necessary approvals before buying property anywhere in the country? Which all banks have approved this project?
Q:
Which are the top 5 rental markets based on availability?
Q:
Also, need info on current market rate per sq feet in new panvel area , say approx. in 1km radius from D mart , new panvel.
Q:
Mumbai-based real estate firm DB Realty is ready to joined hands with ECC and Konark to develop a residential project in Andheri in suburban Mumbai.
My replies to this discussion
As per the latest news, DB Realty will have a 75% share in the project. In FY15, the company's consolidated profit after tax declined to Rs 56.8 lakh against Rs 11.5 crore and revenue dropped 17.2% to Rs 263 crore from Rs 318.2 crore during the same period.As per the latest news, DB Realty will have a 75% share in the project. In FY15, the company's consolidated profit after tax declined to Rs 56.8 lakh against Rs 11.5 crore and revenue dropped 17.2% to Rs 263 crore from Rs 318.2 crore during the same period.
Q:
Can you please advice whether it would be a good idea to buy a flat in Bangur Nagar which comes under CRZ?
We are not sure under which CRZ zone this area comes under.
Please provide your opinion on:
1) Will there be a redevelopment in Bangur Nagar ever? as it comes under CRZ
2) If redevelopment does happen will the new construction get OC due to CRZ norms?
Thank You
My replies to this discussion
Hi Amit,
I will not advice you to buy property under CRZ Zone because Environmental Ministry has prevented the residential construction on it. They will not issue the builder NOC even the local body will ask for the NOC from the Environment Ministry and in absence of it they will not give builder IOD and CC.Hi Amit,
I will not advice you to buy property under CRZ Zone because Environmental Ministry has prevented the residential construction on it. They will not issue the builder NOC even the local body will ask for the NOC from the Environment Ministry and in absence of it they will not give builder IOD and CC.
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
You are right Ravi........
All's Well That Ends Well is a Idioms that suited this market perfectly. It is true that the bill can help farmers. But, at the same time it will not harm the real estate sector if it is handled in a right manner.You are right Ravi........
All's Well That Ends Well is a Idioms that suited this market perfectly. It is true that the bill can help farmers. But, at the same time it will not harm the real estate sector if it is handled in a right manner.
Q:
Hello everybody actually after SBI Repo rate cut, since it's a great time for buyers i'm planning to invest for some residential project & have heard a lot about Neptune Group so i have decided to invest with them ,so i want to know that which one is more better Neptune 100 Above or Neptune Triveni sangam
Q:
Private players can play a major role in achieving the target of "Housing for all" by 2022.
My replies to this discussion
Right Kanthibir!!!!!
It will provide a procedure for protecting consumer interest and speedy judgement of disputes. This will incourage professionalism, standardization and systematic growth of real estate sector and increase private investment in housing sector.Right Kanthibir!!!!!
It will provide a procedure for protecting consumer interest and speedy judgement of disputes. This will incourage professionalism, standardization and systematic growth of real estate sector and increase private investment in housing sector.
Q:
As per a local NGO, Mira Bhayander Municipal Corporation (MBMC) has failed to control illegal constructions within its civic limits.
My replies to this discussion
Hi,
As per the local NGO, the way illegal constructions are spreading in MBMC limits, it is clear indication that it is being done in involvement with the municipal officers, builders and other dominant people. There is no doubt that Mira-Bhayander has become the new destination for illegal buildings.Hi,
As per the local NGO, the way illegal constructions are spreading in MBMC limits, it is clear indication that it is being done in involvement with the municipal officers, builders and other dominant people. There is no doubt that Mira-Bhayander has become the new destination for illegal buildings.
Q:
Two residents of Dighe, Navi Mumbai whose flats were demolished by MIDC last week, have registered an FIR against the builders at Rabale MIDC police station.
My replies to this discussion
Yes, the matter is posted for further hearing on October 21, seeking police's response in a case where the documents were fake. The bench told the undertaking given by flat-owners of Pandurang Apartments, one of the many illegal buildings, to vacate the building of own's one accord is unclear and asked them to file a proper one.Yes, the matter is posted for further hearing on October 21, seeking police's response in a case where the documents were fake. The bench told the undertaking given by flat-owners of Pandurang Apartments, one of the many illegal buildings, to vacate the building of own's one accord is unclear and asked them to file a proper one.
Q:
I booked a flat in Codename Epic by paying Rs. 45,000/- as booking amount on 10th October, 2015 who's possession is promised in 2018.
Within hours on the same day I informed them about cancelling my booking as I would not have been able to manage flat cost due to some financial problems and also later on I came to know that site was quite far from Palava phase I.
Marketing guys didn't even bothered to show site before the booking.
Even on informing within hours on the same day, they are not returning my booking amount.
They are not authorised to forfeit my booking amount as I haven't availed of any services by the builder as it was same day cancellation.
Please someone guide me, how can I get my money back?
My replies to this discussion
Hi Suresh,
It is doubtful whether builder will refund your booking amount so easily. How was payment made? By cash or cheque ? you have receipts for booking?Hi Suresh,
It is doubtful whether builder will refund your booking amount so easily. How was payment made? By cash or cheque ? you have receipts for booking?
Q:
The Bombay high court on Thursday directed the Mumbai International Airport Limited and Airports Authority of India to place before it the new rules that came into effect from October this year.
My replies to this discussion
Hi Pranab,
The matter is come into existence when the bench was hearing an application filed by Parineeti housing society that had sought NOC for the redevelopment of its property. The case is associated with Gilbert Hill, the society had sought permissions for a taller building.Hi Pranab,
The matter is come into existence when the bench was hearing an application filed by Parineeti housing society that had sought NOC for the redevelopment of its property. The case is associated with Gilbert Hill, the society had sought permissions for a taller building.
Q:
Realty developer Sunteck Realty is looking to raise about Rs 100 crore through issuance of non-convertible debentures.
My replies to this discussion
The company has raised Rs.55 crore on by issuing the debentures to public sector banks and institutional investors. This is Sunteck's maiden NCD issue and the funds have been raised at a coupon rate of 11.75% per annum payable annually with a tenor of four years.The company has raised Rs.55 crore on by issuing the debentures to public sector banks and institutional investors. This is Sunteck's maiden NCD issue and the funds have been raised at a coupon rate of 11.75% per annum payable annually with a tenor of four years.
Q:
Parking is on of the most important space while buying a home or renting an apartment.
Q:
Hi .
Wanted to know the different types of taxes a buyer has to pay while buying a resale flat in Mumbai ( Kandivali-W)
Have listed down few ...
1) 5% stamp duty
2) Registration fee of 1%
3) Transfer fee
4) Local body tax of 1%
5) Service tax of 3% ( not applicable for resale )
6) MVAT of 1%( not applicable for resale )
Can anybody confirm on the same
Q:
CIDCO will open financial bids for pre-development work of the proposed Navi Mumbai International Airport in the next 15 days.
My replies to this discussion
Yes, the nodal agency are planning to start pre-development work including leveling of ground, flattening or cutting down hills-hillocks and clearing green patches by March end.Yes, the nodal agency are planning to start pre-development work including leveling of ground, flattening or cutting down hills-hillocks and clearing green patches by March end.
Yes, and CIDCO is just waiting for go ahead from the project monitoring and implementation committee an agency formed by the civil aviation minister for faster implementation of projects and the state govt.cabinet.Yes, and CIDCO is just waiting for go ahead from the project monitoring and implementation committee an agency formed by the civil aviation minister for faster implementation of projects and the state govt.cabinet.
Q:
A R Creations is developer who is develope this property. Plz help us regarding to purchase property.
My replies to this discussion
Hi Sandesh,
As of now, the entire Panvel, Nhava Sheva, Uran belt, up to Alibaug has already started recording a 15-20% increase in property prices, and some areas such as Ulwe and Dronagiri near the JNPT, have seen a 100% jump in prices over the past year. While some of this activity could be put down to the need for affordable plot/housing near Mumbai city. As per the real estate developers news of the proposed sea link will be a major factor in spurring investment in the area.Hi Sandesh,
As of now, the entire Panvel, Nhava Sheva, Uran belt, up to Alibaug has already started recording a 15-20% increase in property prices, and some areas such as Ulwe and Dronagiri near the JNPT, have seen a 100% jump in prices over the past year. While some of this activity could be put down to the need for affordable plot/housing near Mumbai city. As per the real estate developers news of the proposed sea link will be a major factor in spurring investment in the area.
Q:
As per a report , 4L houses built since 2012 for slum development.
Q:
I just want to know What are the process charges for the Resale Flat. are they necessary
Stamp Duty - OK
Registration Charges - OK
LBT/VAT - OK
Legal Charges - Ok
Transfer Charges - Taken care by the seller (?)
NOC Charges- ??? & What % is the NOC charges
please help to clearify
My replies to this discussion
Hi friends,
Maharashtra ends system of NOC. Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. housing department has made it clear that such NOCs are not required under any law and should not be insisted upon.Hi friends,
Maharashtra ends system of NOC. Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. housing department has made it clear that such NOCs are not required under any law and should not be insisted upon.
Hi folks,
Checklist before buying a resale flat:- 1) Construction agreement, where the Saleable area and common areas are mentioned, 2) UDS registration document, 3) Sale Deed, 4) Parent document for the Land on which the apartment is constructed, usually, it will be photocopy of all the documents bound as a book, 5) Floor plan of the apartment with structural drawings ( some banks as for this and some doesn't), 6) Property tax receipts, 7) NOC from the lender bank in case the previous owner bought it on loan, Recent Encumbrance Certificate applied on your name.Hi folks,
Checklist before buying a resale flat:- 1) Construction agreement, where the Saleable area and common areas are mentioned, 2) UDS registration document, 3) Sale Deed, 4) Parent document for the Land on which the apartment is constructed, usually, it will be photocopy of all the documents bound as a book, 5) Floor plan of the apartment with structural drawings ( some banks as for this and some doesn't), 6) Property tax receipts, 7) NOC from the lender bank in case the previous owner bought it on loan, Recent Encumbrance Certificate applied on your name.
Q:
I bought a house which was transfered to me by previous owner and now it seems i do not have the registration paper for that document. It was not given to me by previous owner and also the stamp duty was paid less as the previous owner had paid less stamp duty. The property i own is a Mahada property of full ownership. Please let me know how can i get my rooms registration and pay correct stamp duty.
Now i have come to know that the previous owner of my room is dead, so still can i do the registration of my room.
My replies to this discussion
Hi Bhavin,
Registration to be done on your name by going to Sub registrar office (You and buyer will need Photo ID and PAN Card, passport Photo) 2-witness with Photo ID and photo. Better if you approach the MHADA agent who is doing the MAHADA flat registration work. Many Agents do the Registration work and they will let you know you the more and it is easy through them, they charge about 4 to 5K . Once registration is done legally you become the owner but for MHADA Flat you also need Mhada Flat transferred on your name by MHADA. For MHADA Transfer you have to fill up the form from MHADA and official fees around 35000 DD to be paid, copy of Registration to be attached. if your are going directly for Mhada transfer after Registration then it may take 6 month but if you go through Mhada Agent then it can be done in 15-20 days( you have to pay the bribe to Mhada about 15 to 25 thousands) .Hi Bhavin,
Registration to be done on your name by going to Sub registrar office (You and buyer will need Photo ID and PAN Card, passport Photo) 2-witness with Photo ID and photo. Better if you approach the MHADA agent who is doing the MAHADA flat registration work. Many Agents do the Registration work and they will let you know you the more and it is easy through them, they charge about 4 to 5K . Once registration is done legally you become the owner but for MHADA Flat you also need Mhada Flat transferred on your name by MHADA. For MHADA Transfer you have to fill up the form from MHADA and official fees around 35000 DD to be paid, copy of Registration to be attached. if your are going directly for Mhada transfer after Registration then it may take 6 month but if you go through Mhada Agent then it can be done in 15-20 days( you have to pay the bribe to Mhada about 15 to 25 thousands) .
My replies to this discussion
Hi,
I would suggest you to go for Virar-Vasai. These twin areas form the most affordable housing and commercial locations . It is well connected to Mumbai through WEH and Western Railway Line and the internal connectivity has been improved in the past 5 years . It enjoys plenty of schools and colleges in it’s vicinity .Hi,
I would suggest you to go for Virar-Vasai. These twin areas form the most affordable housing and commercial locations . It is well connected to Mumbai through WEH and Western Railway Line and the internal connectivity has been improved in the past 5 years . It enjoys plenty of schools and colleges in it’s vicinity .
Q:
Located in the heart of Mumbai, Royal Palms is the perfect living option for my family. We love a place that has an equal amount of greenery in it, and Royal Palms is definitely providing it. We love this place and plan to live here for a long time.
Q:
If ever there was a perfect city within a city it has to be Royal Palms Mumbai. I have changed many homes in the past, but none have been as good as this.
My replies to this discussion
HI Ramesk....
Royal Palms by Royal Palms India Pvt. Ltd. located at Goregaon East is offering 1RK, 1,2 and 2BHK residential flats from 400-1700 sq-ft. This is a ready-to-move project but still few flats are available from builders as well as in resale. It's current price will be Rs. 5000-9250/sq-ft.HI Ramesk....
Royal Palms by Royal Palms India Pvt. Ltd. located at Goregaon East is offering 1RK, 1,2 and 2BHK residential flats from 400-1700 sq-ft. This is a ready-to-move project but still few flats are available from builders as well as in resale. It's current price will be Rs. 5000-9250/sq-ft.
Q:
I am a prospective first time investor. I was encouraged by the consistent growth of real estate prospects in Neemrana region. However, I wanted to understand if there would be any negative impact of the Government's recent demonetization drive on the investment opportunities in Neemrana?
My budget is around 25-35 lakhs. Can you suggest few safe options which can yield decent rental returns as well as price appreciation in near future.
Thank you for your assistance.
My replies to this discussion
Yes, and specially the luxury segments. The luxury and high-end segments of residential real estate will also see a major impact from this exercise, since it is another area which has seen a lot of payments done in cash. The legal banking/financing channels have accounted for only a small part of all transactions in this space. The demonetization move is likely to result in luxury property prices dipping by as much as 25-30% as sellers struggle to offload properties to generate liquidity.Yes, and specially the luxury segments. The luxury and high-end segments of residential real estate will also see a major impact from this exercise, since it is another area which has seen a lot of payments done in cash. The legal banking/financing channels have accounted for only a small part of all transactions in this space. The demonetization move is likely to result in luxury property prices dipping by as much as 25-30% as sellers struggle to offload properties to generate liquidity.
Q:
I have booked 2 units of 2BHK in Parinee Almog pre-launch in 2012 and after 4 years of hibernation still waiting to see if the works starts. Though I have not cancelled the units neither I have applied for it. Can someone genuinely share the reason for such a long delay ...... None of Builder official are sharing the true status nor the timelines or any commitments....
My replies to this discussion
Hi Anubhav!!
The Wing-A has come up to plinth level and the Wing-B foundation has been done. They did not get the environmental clearance and hence the construction was stopped. This July'14 they got it however they still needed the Construction Certificate to re-start. I was told in Sep that the construction will start in October End I passed by a couple of days ago and still seems no movement. I don't know when they will start the construction.Hi Anubhav!!
The Wing-A has come up to plinth level and the Wing-B foundation has been done. They did not get the environmental clearance and hence the construction was stopped. This July'14 they got it however they still needed the Construction Certificate to re-start. I was told in Sep that the construction will start in October End I passed by a couple of days ago and still seems no movement. I don't know when they will start the construction.
Q:
I have booked 2 units of 2BHK in Parinee Almog pre-launch in 2012 and after 4 years of hibernation still waiting to see if the works starts. Though I have not cancelled the units neither I have applied for it. Can someone genuinely share the reason for such a long delay ...... None of Builder official are sharing the true status nor the timelines or any commitments....
My replies to this discussion
Hi Anubhav!!
I have visited the project site last year in October. The Wing-A has come up to plinth level and the Wing-B foundation has been done. They did not get the environmental clearance and hence the construction was stopped. This July'14 they got it however they still needed the Construction Certificate to re-start. I was told in Sep that the construction will start in October End I passed by a couple of days ago and still seems no movement. I don't know when they will start the construction and hand over the flat possession.Hi Anubhav!!
I have visited the project site last year in October. The Wing-A has come up to plinth level and the Wing-B foundation has been done. They did not get the environmental clearance and hence the construction was stopped. This July'14 they got it however they still needed the Construction Certificate to re-start. I was told in Sep that the construction will start in October End I passed by a couple of days ago and still seems no movement. I don't know when they will start the construction and hand over the flat possession.
Q:
Date of posession promised while booking the flat was sept 2014 while in the contract they mentioned dec 2015 as a late date. Even after that we are waiting for the posession. Builder is not replying to mails and gives rude response over phone calls. They are saying it is delayed due to delay in power grid making by the govt authorities and they are not responsible for it. ON WHAT BASIS THEY PROMISED POSESSION OF SEPT 2014. We are staying in a rented flat and paying EMIs for this long awated flat.
My replies to this discussion
Hi Gaur,
A home buyer, who fails to get the possession of his property on time, can resort to several provisions under India’s civil, criminal and consumer laws, to take action against the developers.
You can send a notice to the builder, claiming refund of the amounts paid along with interest and/or damages. You can also file a consumer complaint for "deficiency in service" as defined under the Consumer Protection Act, 1986 against the builder.Hi Gaur,
A home buyer, who fails to get the possession of his property on time, can resort to several provisions under India’s civil, criminal and consumer laws, to take action against the developers.
You can send a notice to the builder, claiming refund of the amounts paid along with interest and/or damages. You can also file a consumer complaint for "deficiency in service" as defined under the Consumer Protection Act, 1986 against the builder.
Q:
The conveyance to my society was not given by the builders. Although society already won a case against builders in civil court, the builder fraudulently sold the conveyance to third party and third part name is appearing in Index 2 at the registration office.
This was done by one of the partners of the builder and now society is forced to litigation in high court.
Can the society file for deemed conveyance under this circumstances or when matters are pending in High Court?
Please opine
My replies to this discussion
Yes, i am agree with Manish. As per the Housing Society bye-laws, the main objective of formation of the Society is to obtain the Conveyance, and if Conveyance is not given by the Builder within four months from the date of registration of the Society, a case can be filed against the Builder to obtain the Conveyance.Yes, i am agree with Manish. As per the Housing Society bye-laws, the main objective of formation of the Society is to obtain the Conveyance, and if Conveyance is not given by the Builder within four months from the date of registration of the Society, a case can be filed against the Builder to obtain the Conveyance.
Q:
We have seen many flats in Thane majiwada, mulund as well as bhandup. Need to know how is Kalptaru Crest, senroofs,Wadhwa atmosphere and Rustomjee Azziano (thane).
Q:
Is the project clean and ready to buy?
My replies to this discussion
Maison Tarangan by Maison Construction located at Thane West, Thane. It is a completed project. It is offering 1,2,3 BHK flats spread over 1.5 acres of land with 123 units. 1 BHK are available from 590-759 sq-ft, 2BHK from 1068-1085 and 3BHK are available from 1300-1350 sq-ft. Its asking rate will be 10250 per sq-ft. This project has all the required approvals from TMC as well as from all the nationalise from all the major banks and financial institutions.Maison Tarangan by Maison Construction located at Thane West, Thane. It is a completed project. It is offering 1,2,3 BHK flats spread over 1.5 acres of land with 123 units. 1 BHK are available from 590-759 sq-ft, 2BHK from 1068-1085 and 3BHK are available from 1300-1350 sq-ft. Its asking rate will be 10250 per sq-ft. This project has all the required approvals from TMC as well as from all the nationalise from all the major banks and financial institutions.
Q:
I have booked a flat in skicity, which is built by skicon infrastructure pvt. ltd. this is a composite SRA building. it consists of 22 floors. I have booked flat in 2009 and almost paid 85 percent of the amount. till 11 floors the flats are occupied by SRA residence. above that there are private flats which have still not been constructed. builder is just taking his own time. He has already taken money from people who have booked flat from 12th floor and above and keeping quite. Can any body help me to know the status of the builder and also the building.
My replies to this discussion
Hello Prashant,
Skicity by Skicon Infra, located in Bhandup West is a ready-to-move-in project. It is offering 1 BHK residential apartment in 670 sqft. All the flat owners of this project have got their flat possession but still few flats above 12th floor are available for new as well as in resale.Hello Prashant,
Skicity by Skicon Infra, located in Bhandup West is a ready-to-move-in project. It is offering 1 BHK residential apartment in 670 sqft. All the flat owners of this project have got their flat possession but still few flats above 12th floor are available for new as well as in resale.
