Abhinandsavalla, Mumbai
Q: When the project will complete? Has builder got all the permissions? Do you have any idea? -Sasmira

My comments to replies
Did you all have lost the hope ?? another worst news !!!! I was told by the executive at the site office that we may get our flats by 2017
Right Khalid, Are you talking about the project Premier Exotica which is located at Kurla West, Mumbai? Even i was told that they are giving possession by June 2015? Only god knows about the possession date. Keep updating dears....
19th May 2015

Q: Today we visited the site... but dumping ground smell was bothering us.... liked the project. But because of that dirty smell we are in two minds.
My comments to replies
To all guys who have purchase the Flat please check and inspect the flat before signing the document or taking possession these guys just say to do anything but once you have taken the possession they don't stick to their words and will hold you for 3-4 months so check each and everything properly
You are right Mr. Rishikant, Every buyer should check and inspect all the required document, legal approvals, project location, connectivity, water and electricity, sewage etc. before signing any documents.
31st March 2015

Hi, There are few flats in 1/2BHK available for sale in Raunak City Ph-1, Kalyan West, Mumbai. 1BHK from 577-607 sq-ft and its price will be Rs. 27.69 lacs to Rs. 29.14 lacs. onward and 2BHK from 982-1088 sq-ft. and price will be Rs. 47.15 lacs to Rs. 54.4 lacs onward.
Hi Nilesh, Are you looking for Ph-3 price? If yes, then it is Rs. 26.25 lacs to Rs. 29.13 lacs all exclusive for 1BHK from 547-607 sq-ft.
31st March 2015

Q: They are not fulfilling the committment .. there is leakage in walls and bathrooms.. no proper water supply, water is muddy.. They are not able to get Occupation Certificate from govt authority. They delay the possession of apartment.. No society service but they charge advance.. society charges electricity cut for more than 4 hours a day..

My comments to replies
Pls dont think of buying any Puranik projects. Their Paradise, Delight of Hometown Projects were delayed by 24 to 26 months and during this period no compensation were given. I was cheated with giving wrong registeration amount. 1 lakh was taken as parking amount and no parking given. Now their demanding 2 lakh more than the agreed amount, during the possession they increased their advance maintenance cost by 66k, flats have leakages. Elevators of inferior quality than promised. Service team straight away deny your complaints. We the residents are fed up of the builder. straigt NO to Puraniks Builders
Hey Asif, If there is so much issue with that project then why don't you raise the issue before taking possession? It is clearly mentioned on the agreement that if there is any delay in the possession, developer has to pay the compensation for it.
12th May 2015

Q: Interested in Shree Mahalaxmi Nagar, Talawde Village, Pipololi Road,Neral (E), Taluka :- Karjat. Area Range: 350 Sq.ftBedroom: 1 RK & Price: 1 RK @7.5 Lac. Want little down payment. Age :- 48 yrs. Central Govt. Employee with no other liability 'or' loan.Max. EMI period.
My replies to this discussion
Hi Mansoor, Neral comes under the MMRDA development zone. It is 40km away from all big developments happening in Raigad district like Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), Largest exhibition center (Panvel) & Terminus Railway Stations (Panvel). Once the development of the New International Airport in Panvel, It is realistic to expect huge appreciation in real estate valuations in the Neral region in coming years.Hi Mansoor, Neral comes under the MMRDA development zone. It is 40km away from all big developments happening in Raigad district like Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), Largest exhibition center (Panvel) & Terminus Railway Stations (Panvel). Once the development of the New International Airport in Panvel, It is realistic to expect huge appreciation in real estate valuations in the Neral region in coming years.
Q: From last few months we are getting faulse commitment from Vihang builder, can some one tell us when will get Vihang valley phase 2 possession.Also heard that there are doing some cost cutting in kitchen area?Can some one tell us the truth

My comments to replies
Hi, can you please put more light on what cost cutting they are doing and what is possession date, as i have also booked flat in this project
Hi Sunny!!! I came across Vihang Valley project next to Hypercity . It has phase-1 ready with people already staying there and phase-2 seems to be due for possession soon. It has 1 BHK(600 sq-ft) as well as 2 BHK(800 sq-ft). Ongoing prices seem to be near 7500/sq-ft.
15th September 2015

Q: I had booked a flat at casa rio viva (d) in 2010 and project kicked off 0n 2011, as per their commitments it was going to be positioned in 2012, which never happened and moreover they dont entertain people to see their building, very sluggish answers from represntatives. now they had given me a new date of May 14, and i know again they are going to shift. above all we are suffering from other burdens.
My comments to replies
Never get into any Lodha's projects. They are cheats AK - Mumbai
Hi Ankur, You can not blame a builder every time. If he is not getting the approval then how can they start the work. May be your builder is facing the same problem. Nobody want to lose their reputation. You might have heard Suraj Parmar's death, a prominent builder in Thane who ended his life due to the repeated demands for bribes by the several government departments. This case is very clear that there was no financial issue in this case. There is an issue in the way the system works.
30th October 2015

Q: Finally the most awaited time has come. The most hyped navi mumbai property market (specially ULWE) soon to progress on the path of misfortune. The hyped bubble in real estate market is about to burst anytime now. History will be repeated again with massive correction in prices (upto 40%) is expected. Set back to property market after 1997-2003 is about to arrive. A cautious advise to genuine buyers that do not buy property in ULWE in present scenario as you'll face a big loss due to price correction which will happen in next 6months - 12months & before 2014 elections. Please follow the link for more information:

My comments to replies
Hi Folks, According to me Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. And the price are quite affordable now. It is one of the fast developing nodes in the city and offers 1BHK units ranging from Rs 24-30 lakh. Secondly, Panvel, as this locality is close to Navi Mumbai International Airport too. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh
Yeah Mansoor, 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.
24th June 2015

Q: Thousand of Mumbaikars thronged the state secretariat Mantralaya to submit application forms in the city's upscale Hiranandani Gardens residential township in Powai.
My replies to this discussion
Even last year, a single judge of the High Couirt had in January also restrained Lakeview Developers and others from constructing small 40 and 80 sq.mt houses after 8 housing societies, including Eternia, in the Powai Area Development Scheme took them to court. Because, the developer was merely following an earlier HC order to construct affordable housing.Even last year, a single judge of the High Couirt had in January also restrained Lakeview Developers and others from constructing small 40 and 80 sq.mt houses after 8 housing societies, including Eternia, in the Powai Area Development Scheme took them to court. Because, the developer was merely following an earlier HC order to construct affordable housing.
My comments to replies
Hi everybody, Good news for owners of Hiranandani Gardens.....In a relief to residents of Hiranandani Gardens in Mumbai, the Supreme Court on yesterday dismissed a special leave petition filed by real estate czar Niranjan Hiranandani's company challenging a Bombay high court order that stopped him a few months ago from constructing small homes around their plush towers in Powai. The Supreme Court requested the HC to now soon decide a suit filed by these residents who are seeking conveyance of the land from the developer.
Right Santosh, The developers had signed a tripartite agreement with the MMRDA and state to develop 230 acres in Powai for construction of MIG homes of 40 and 80 sq.mt. Residents' main opposition is that no additional buildings can come up on Sector IV-A of Powai Area Development Scheme. They do not want smaller homes in their "backyards".
8th October 2015

Q: Is it necessary to pay Service tax to buy a flat in Virrar west Balaji Platinum

My comments to replies
Service Tax and VAT is only for under construction property. But if you buy flat/ unit only after the builder obtains Certificate of Completion from the Competent Authority you need not have to pay any of them. In short purchase flat which is ready for possession..
Right Padma, These 2 taxes are applicable only for an under-construction property. Service tax, as decided by the central government, is payable on services provided by the service provider. The service provider collects the tax from the consumer and deposits the same to the government. Effective 1st June 2015, the service tax is currently 14% of the 25% of the total agreement value for properties below Rs 1 cr or 2000 sq-ft. area in size. For properties exceeding or equal to Rs 1 crore or more than 2000 sq-ft. area, the service tax is 14% of 30% of the total agreement value.
17th August 2015

Q: Can anyone provide me some information about the project?

My comments to replies
Hey everyone, What is the current status of this project? What is the current price per square feet they are quoting? Last week i had conversation with their sales person, what about floor rise details and what is the carpet areas for 1 and 2 BHK? Does the builder has obtained the CC if yes than till which floors?
Hello Lekshmi, As per one of the employee the construction of Building will be as follows I-3/16,J-3/17,K-3/18, F-12/17,G-6/17,A-3/17. floor rise are as follows:- 4-10-Rs.25/sq-ft 11-20th-Rs.50/sq-ft 21st-30th floor-Rs.75/sq-ft Flat Sizes:- 1BHK -610/660 2BHK-1005/1055 35% Loading applies to all..
27th April 2015

Q: Hi, Good news for those who has agriculture land and wanted to be convert into non-agriculture land. The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting.
My comments to replies
Currently, The Maharashtra Government has done away with the need to obtain permissions for changing the use of land to 'non-agricultural' category for land covered under the Development Plans (DPs). They simplified the procedure to convert farmland into non- agricultural (NA) land for plots covered under Development Plans (DPs) in urban areas. The GR has made it mandatory for revenue officials to furnish details of classification of land (agricultural or non-agricultural) within 30 days of receiving an application.
Right Pradyuman. And plots falling under a particular category won't require status change to NA. In certain cases, obtaining a No Objection Certificate (NOC) from the District Collector within 30 days by paying fees prescribed under rules will obliterate the need to transfer the land to NA category.
2nd June 2016

Q: It would be good if you all can share details about the project
My comments to replies
You are right Ravi, I also heard that they are going to start demolition work in month of Feb 2015. So, I guess it will take at least 6 month to start actual construction.
Hi Shrikant, Better, if you visit the project site and see the progress of the work. Project is already delay for a long time and and buyers are paying their EMI. So, if you have any right information keep posting so that it will help a lot of other buyers of this project. Thanks.....
28th April 2015

Q: The Real Estate (Regulation & Development) Bill, 2013, drafted by the last union government has submitted for few changes and is now in final stages of being presented for approval by the present government.

My replies to this discussion
I don't think it will come into force soon. The Congress members have also demanded that the regulatory law be made applicable to all realty projects without making any exceptions. The panel has recommended inclusion of smaller sized projects under the limit of the regulatory authority but it has limited it to plots larger than 500 sq-mt or with 8 apartments or more.I don't think it will come into force soon. The Congress members have also demanded that the regulatory law be made applicable to all realty projects without making any exceptions. The panel has recommended inclusion of smaller sized projects under the limit of the regulatory authority but it has limited it to plots larger than 500 sq-mt or with 8 apartments or more.
My replies to this discussion
The interesting part of Mumbai Real Estate is that every single day you will get some information on Realty market. Today, it came to know that major developers of Mumbai withold their launches while the city is waiting for its new development plan.The interesting part of Mumbai Real Estate is that every single day you will get some information on Realty market. Today, it came to know that major developers of Mumbai withold their launches while the city is waiting for its new development plan.
My comments to replies
The interesting part of Mumbai Real Estate is that every single day you will get some information on Realty market. Today, it came to know that major developers of Mumbai withold their launches while the city is waiting for its new development plan.
I am telling you why such things are happening in the Mumbai Realty Market. The Mumbai real estate market is expected to see a further drop in new project launches and probably, even in sale of apartments are in doubt over the new development plan of the city.
8th May 2015
Ohh !!!! Are you talking about last month news? In which the state asked the Municipal Corporation of Greater Mumbai, to modify the new development plan 2034 for Mumbai on April 21, after it got huge criticism.
8th May 2015

My replies to this discussion
Hey Suresh & Diwakar, They are already busy in celebrating their 1st year anniversary programmes. They are just waiting for PM to give time for the final launch. After all it's a very big initiative so it would have a proper launch. The effort which was earlier planned as Sardar Patel Mission would now be named to honor 75 years of Independence.Hey Suresh & Diwakar, They are already busy in celebrating their 1st year anniversary programmes. They are just waiting for PM to give time for the final launch. After all it's a very big initiative so it would have a proper launch. The effort which was earlier planned as Sardar Patel Mission would now be named to honor 75 years of Independence.
Q: I want to buy a property? Do you think budget 2015 will introduce interest cut on home loans?

My replies to this discussion
At present, home buyers need to pay service tax, VAT as well as stamp duty when purchasing flats. The Government should ensure the quick passage of Goods and Service Tax which will replace numerous taxes and help the consumers.At present, home buyers need to pay service tax, VAT as well as stamp duty when purchasing flats. The Government should ensure the quick passage of Goods and Service Tax which will replace numerous taxes and help the consumers.
My comments to replies
Hi Guy's, Have you heard the latest news? PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June. Modi is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.
It's time to cheer Roshni, Have the urban development and rural development ministries finalized their specific elements for providing 6 lakh houses?
28th May 2015

Q: Why Kalyan-Dombivli will drive Mumbai's realty market?
My comments to replies
The properties in the Navi Mumbai are like hotcakes where the investors and Buyers are waiting for a piece of it and the demand of the property is pushing the prices to go upward. The property rates are being increased to 10 times more than when the satellite township got pose in Mumbai city.
Moreover, areas like Kharghar, Panvel, Palm Beach Road, Ulwe, Kalamboli and Kharghar are emerging as most attractive property destinations in Mumbai. Navi Mumbai is witnessing high demand due to its infrastructure and connectivity.
4th March 2015
@manchanda, Mumbai has seen stabilization in property prices on account of unsold inventory and delay in new project approvals. Areas in Thane and Navi Mumbai are finding favor among the investors who want to invest in sub 10000/sq-ft properties with the promise of high returns.
9th June 2015

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.
My comments to replies
Right Rajat, The Budget has failed to offer any incentives to the affordable housing sector which is already facing risks in form of high costs and low margins. Our demand for infrastructure to the affordable housing, home loan interest rate subvention schemes to enable affordability for housing and power the demand for affordable housing (houses below 80 sq-m) has also not been heeded to.
The low-cost housing sector has been demanding "infrastructure status" so that funding could be made easier with easy role over. Besides, it had also demanded lower interest rates at under 7.5%. The Budget is positive overall, but we were expecting something specific for real estate.
3rd March 2015

But the question is that neither the government has given any roadmap on how the 'housing for all by 2022' target can be met, nor it announced any reduction in home loan rates, which was critical for buyers waiting for rates to ease to make their buying decisions.
Right Manis, The government has announced to create 4 crore rural and 2 crore urban houses by 2020, but nothing concrete have been disclosed for the same. There is no disclosure with respect to affordable housing either.
3rd March 2015

Q: What is the govt. initiatives to make easier path for major building projects?
My comments to replies
HI, The state's aim is to encourage the comfort of doing business by distribute with one rung of clearances since building projects have to go through municipal clearances in any case. Municipalities which are equipped to undertake environmental clearances on specific parameters should be allowed to do so.
Right Manish...... Now, The Municipalities will have to check several parameters in the projects including whether their garbage and sewage disposal plans are adequate. They will also have to look into rainwater harvesting and water supply plans and whether the construction impacts ground water resources. They will also have to enforce rules relating to open spaces.
4th March 2015

This move will help speed up projects. There will be a single-window clearance for projects. A lot of time gets wasted with both agencies checking with each other on paperwork, Local bodies will have to play a major role for that.
Right Manish, Eco Group claimed that the government is trying to lift up its responsibility to protect environmental norms. The Mumbai municipality for instance has been at the fore-front of trying to slow environmental norms.
4th March 2015

My replies to this discussion
Well Manish, Improvements in the social and civic infrastructure on Mira Road will provide the necessary momentum to the housing market growth. MMRDA has proposed 4 lane roads connecting the locales of Gorai and Bhayandar, along with the widening of existing roads. Mahim-Mira Road is an important Fast Track Bus corridor in the much-awaited Bus Rapid Transit System (BRTS). This system, once operational, will lift some pressure from the congested roads and the overflowing local trains considerably. The MMRDA are also considering developing a skywalk near Mira Road railway station, allowing for safer pedestrian crossing.Well Manish, Improvements in the social and civic infrastructure on Mira Road will provide the necessary momentum to the housing market growth. MMRDA has proposed 4 lane roads connecting the locales of Gorai and Bhayandar, along with the widening of existing roads. Mahim-Mira Road is an important Fast Track Bus corridor in the much-awaited Bus Rapid Transit System (BRTS). This system, once operational, will lift some pressure from the congested roads and the overflowing local trains considerably. The MMRDA are also considering developing a skywalk near Mira Road railway station, allowing for safer pedestrian crossing.
My comments to replies
As far as locality is concerned, Mira Road is gradually becoming an excellent residential locality, thanks to affordable property prices and great connectivity, and is flying in demand among home-seekers. It is governed by Mira-Bhayandar Municipal Corporation (MBMC), who insist on residential development rather than commercial. This has led to the establishment of excellent civic and social infrastructure, unlike the congested localities in the heart of Mumbai, and has attracted builders, realtors, and home buyers similarly.
Hi Manish, In spite of the fact that, it does not officially come under the jurisdiction of Mumbai Metropolitan Region (MMR), it enjoys all the facilities available within the city. Electricity is provided by Bombay Suburban Electric Supply (BSES) & Reliance Energy; MTNL provides telecom services; and the local BEST bus services, which are normally provided intra-city, operate in this region.
9th March 2015

Q: If i buy a property in Mumbai what are the key documents which i should look for?
My replies to this discussion
Hi everybody, There are certain things which buyers should know before taking buying decisions. These documents are for New/Under construction properties :- 1) Encumbrance certificate, 2) Commencement Certificate, 3) No Objection Certificate, 4) Completion Certificate, 5) Occupancy Certificate, 6) Khata, 7) General Power of attorney (GPA), 8) Building plan approvals, 9)Allotment letter, 10) Tri partite agreement (if any), 11) Joint development agreement (if any).Hi everybody, There are certain things which buyers should know before taking buying decisions. These documents are for New/Under construction properties :- 1) Encumbrance certificate, 2) Commencement Certificate, 3) No Objection Certificate, 4) Completion Certificate, 5) Occupancy Certificate, 6) Khata, 7) General Power of attorney (GPA), 8) Building plan approvals, 9)Allotment letter, 10) Tri partite agreement (if any), 11) Joint development agreement (if any).
My comments to replies
Hi everybody, There are certain things which buyers should know before taking buying decisions. These documents are for New/Under construction properties :- 1) Encumbrance certificate, 2) Commencement Certificate, 3) No Objection Certificate, 4) Completion Certificate, 5) Occupancy Certificate, 6) Khata, 7) General Power of attorney (GPA), 8) Building plan approvals, 9)Allotment letter, 10) Tri partite agreement (if any), 11) Joint development agreement (if any).
Right Vatsa..... After signing the agreement and paying the initial amounts buyers have to wait for years-over-years. Sometimes, they have to wait for more than five years. Sometimes, the buyer may be victim by the builder / seller concerned who may have promised a range of amenities, features or the same at the start of construction. But at the time of handing over the unit to the respective buyer, there are several unfulfilled promises seen by the home buyer.
18th August 2015

Good evening buddies, I am going to move into an apartments after a month as i am getting possession of my properties. I just want to take the advice that which are the things that one should check within the project/unit before taking the possession of their property?
Hello Sanchita, Amenities, lifts and common areas, features and fittings, doors and windows, wall paints, look for cracks, drainage outlets, check for leakages, check switches and plug-points, obtain all sets of keys are the few things to watch within the project before taking the possession.
19th August 2015

Q: Hi, What are the pros and cons of new proposed FSI in the development plan?

My comments to replies
Hey, Have you read the news that Maharashtra government is scrapping of the Mumbai Development plan? Do you know the result of it. It may throw the realty market into further mess, with deals for land packages, redevelopment projects and even private equity transactions for financing these projects in Mumbai getting stuck due to absence of clearness on the city's proposed development plan.
Yup Puneet, Really a sad news. Many of the city's projects have been in stuck since February when the Municipal Corporation of Greater Mumbai declared the new Development Plan 2034. getting huge complaints for large number of mistakes in the recommended plan, making the state government to discard it on Tuesday. It has also asked the civic body to modify it in 4 months.
27th April 2015

Q: Hi, how will be the new redevelopment policy different from old policy?

My comments to replies
Hi Sankalp, Till now, the redevelopment policy was sectoral, but the new policy would be common for the whole region. MMR includes districts of Mumbai, Thane and Palghar, besides Panvel town in Raigad district. A complete and comprehensive solution was needed for the redressal of redevelopment trouble of this region.
Hi Anirudh, I also heard that the Maharashtra government will soon announce a common policy for redevelopment of entire Mumbai Metropolitan Region by phasing out the current framework which is sectoral. Chief Minister Devendra Fadnavis said that a committee headed by Principal Secretary of Urban Development department is in the process of finalising the common policy.
20th March 2015

Q: Hi, how are investment prospects in Panvel?

My replies to this discussion
Well Dayananda, Panvel has a growing social infrastructure. it has a good number of renowned schools and healthcare institutions. New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, there are several other commercial establishments. There are 2 main bus stands in the area from which regular buses ply to all the main areas in and beyond Panvel such as Bhiwandi, Thane, Badlapur, Kalyan, Dombivli, Dadar and Uran. The Panvel Junction is one of the most important railway stations in Mumbai. Well Dayananda, Panvel has a growing social infrastructure. it has a good number of renowned schools and healthcare institutions. New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, there are several other commercial establishments. There are 2 main bus stands in the area from which regular buses ply to all the main areas in and beyond Panvel such as Bhiwandi, Thane, Badlapur, Kalyan, Dombivli, Dadar and Uran. The Panvel Junction is one of the most important railway stations in Mumbai.
Q: May i know the construction status of Kanakia Platino as i have booked a 3BHK unit in it?
My replies to this discussion
Hi, I am planning to book 4BHK in Kanakia Platino Malad East, Mumbai. Can you tell me the price and area sizes?Hi, I am planning to book 4BHK in Kanakia Platino Malad East, Mumbai. Can you tell me the price and area sizes?
Thanks Manis, Can you give some idea about project locality? What are the location advantages of this project? How is the project connectivity to the rest of the city?Thanks Manis, Can you give some idea about project locality? What are the location advantages of this project? How is the project connectivity to the rest of the city?
Q: what they are offering now if i have to buy 1 bhk flat in phase 3? is it inclusive of registration and stamp duty?
My replies to this discussion
Hi, Raunak City-3 by Raunak Group is a well-planned residential township sprawling over 35 acres, It is located just 3 km from Kalyan railway station, Kalyan West, Mumbai. It offers 1BHK from 547-607 sq-ft. and it's price will be Rs. 26.25 lac to Rs. 29.13 lacs onward. Yes the price is inclusive of Registration and stamp duty charges. It's current price is Rs. 4800/sq-ft.Hi, Raunak City-3 by Raunak Group is a well-planned residential township sprawling over 35 acres, It is located just 3 km from Kalyan railway station, Kalyan West, Mumbai. It offers 1BHK from 547-607 sq-ft. and it's price will be Rs. 26.25 lac to Rs. 29.13 lacs onward. Yes the price is inclusive of Registration and stamp duty charges. It's current price is Rs. 4800/sq-ft.
Q: Hello, I have heard that there will be a big step taken towards keeping the city clean with investments towards sewage treatment being made. Can you tell me about them?
My replies to this discussion
You know, currently, civic workers cover about 70% houses in the city. The MCC plans to cover the entire city, taking up the total volume of waste to 500 tonnes a day which will be grreat to keep the city clean.You know, currently, civic workers cover about 70% houses in the city. The MCC plans to cover the entire city, taking up the total volume of waste to 500 tonnes a day which will be grreat to keep the city clean.
Q: Why Mira Road ratings high on rental properties?
My replies to this discussion
Hi Rajat, Due to connectivity and accessibility, improved social and civic infrastructure and affordable rental price make the area a preferred locality for rental housing. More and more people are choosing the outer suburbs as well as peripheral areas for accommodation.Hi Rajat, Due to connectivity and accessibility, improved social and civic infrastructure and affordable rental price make the area a preferred locality for rental housing. More and more people are choosing the outer suburbs as well as peripheral areas for accommodation.
Well Anuj, Apart from these important roads, the locality is well linked through the western line of the Mumbai suburban railway. There is a proposal to connect the area through the Mumbai Metro as well as the Mumbai Monorail, while another proposal involves a 4-lane road between Gorai and Bhayandar. The Mahim-Mira Road Bus Corridor is part of the Mumbais Bus Rapid Transit System.Well Anuj, Apart from these important roads, the locality is well linked through the western line of the Mumbai suburban railway. There is a proposal to connect the area through the Mumbai Metro as well as the Mumbai Monorail, while another proposal involves a 4-lane road between Gorai and Bhayandar. The Mahim-Mira Road Bus Corridor is part of the Mumbais Bus Rapid Transit System.
Q: Hi! i need project details of Ani Anu Sri Balaji Enclave by Ani Anu Developers Pvt. Ltd. Malad West.

My comments to replies
Hi Devika, Sri Balaji Enclave by Ani Anu Developers Pvt. Ltd. located near mind space, Malad West, Mumbai offers 2BHK residential apartments. It's sizes is 869 sq-ft. (carpet area-590 sq-ft). It will cost 1.21 cr. all exclusive. It is G+18 storey apartment consists 65 units.
Hi Manish, I would like to know it's possession date and the current price per square feet? Has they got the clear title?
20th April 2015

Q: Hi, when is the project going to launch any update on it?
My replies to this discussion
Gud Evening Jerome, ihave a word with their sales person and she told me that project is not yet launched and will take another 2-3 months.Gud Evening Jerome, ihave a word with their sales person and she told me that project is not yet launched and will take another 2-3 months.
Q: Can anyone tell me what are the reason for breaking of the Mumbai's Shanghai Dreams?
My replies to this discussion
Hi Bulbul, I think, due to the uncertainty in the development plan, the authorities stopped giving any approvals, and we had to hold back on some launches behind it. It is very unfortunate to see these delays.Hi Bulbul, I think, due to the uncertainty in the development plan, the authorities stopped giving any approvals, and we had to hold back on some launches behind it. It is very unfortunate to see these delays.
As per the Boman Irani, chairman and managing director of Mumbai-based developer Rustomjee Group, the next 6 to 8 months are going to be very painful for everybody as the buyers of mumbai which is not sure which way to go, what centers they should invest in or live in.As per the Boman Irani, chairman and managing director of Mumbai-based developer Rustomjee Group, the next 6 to 8 months are going to be very painful for everybody as the buyers of mumbai which is not sure which way to go, what centers they should invest in or live in.
My comments to replies
Hi Bulbul, I think, due to the uncertainty in the development plan, the authorities stopped giving any approvals, and we had to hold back on some launches behind it. It is very unfortunate to see these delays.
It is clearly indicates that the people have to wait 2 more years for a new set of rules to be prepared. The island-city, which has little space available for development, is counting on rising up and down to help increase supply and relieve prices that have kept housing over and above the reach of most of its 19 million residents.
13th May 2015

Q: Hi, can anybody provide me the details of this project?
My replies to this discussion
Hi Mansoor, One Discovery by Nirmal lifestyle is a branding name of One Mumbai, located at Mulund West, Mumbai. It offers only 2BHK in 1140 sq-ft. and it's price will be Rs. 1.7 crore all exclusive. It enjoys easy connectivity as well as the convenience of some of the finest social infrastructure in the central suburbs. It is a G+34 storeys apartment consists 3 towers and sprawling over 7 acres of land.Hi Mansoor, One Discovery by Nirmal lifestyle is a branding name of One Mumbai, located at Mulund West, Mumbai. It offers only 2BHK in 1140 sq-ft. and it's price will be Rs. 1.7 crore all exclusive. It enjoys easy connectivity as well as the convenience of some of the finest social infrastructure in the central suburbs. It is a G+34 storeys apartment consists 3 towers and sprawling over 7 acres of land.
My comments to replies
Hi Mansoor, One Discovery by Nirmal lifestyle is a branding name of One Mumbai, located at Mulund West, Mumbai. It offers only 2BHK in 1140 sq-ft. and it's price will be Rs. 1.7 crore all exclusive. It enjoys easy connectivity as well as the convenience of some of the finest social infrastructure in the central suburbs. It is a G+34 storeys apartment consists 3 towers and sprawling over 7 acres of land.
Hello Shreya, Yes, it has both residential as well as commercial towers. Currently, construction work is in full pace and expected to complete by end of the next year. As the external work has been finished and some internal work are going on.
20th May 2015
One Discovery by Nirmal Lifestyle comes under the local body of BMC and all the necessary approvals are in place. LIC Housing Fin. Ltd, HDFC Home Loan, SBI, Axis etc. have approved this project.
20th May 2015

Q: If you are looking for a luxury house then Andheri East would be the right area for luxury housing.
My comments to replies
Hi Sunil, Can you suggest some reputed developers and their good projects in Andheri East ? Plz. mention the possession date as well.
@Dev Patel, Yo can go for Crescent Residency by Crescent Group-August 2016, Ashapura Options Palazzio by Ashapura Options Pvt Ltd-Feb'2016, Oberoi Prisma by Oberoi Realty Ltd-December'2016 and Lodha Codename Supernova by Lodha Group-March 2018.
28th May 2015

Q: When are they giving possession for Oberoi Prisma, Andheri East?
My replies to this discussion
Apart from that the projects offers 30 levels comprising 19 office floors including club levels. The project will also have ample parking space for over 425 cars with 3 levels of basement car parks and 8 levels of podium car parks. The rest and relax area at the club level consists of a 23 meter long swimming pool along with a state of the art fitness facilities with a health center on the 8th floor.Apart from that the projects offers 30 levels comprising 19 office floors including club levels. The project will also have ample parking space for over 425 cars with 3 levels of basement car parks and 8 levels of podium car parks. The rest and relax area at the club level consists of a 23 meter long swimming pool along with a state of the art fitness facilities with a health center on the 8th floor.
My replies to this discussion
Hi Arushisha, As per the telephonic discussion with the developer i found some useful information like, flat sizes, possession date, booking amount, location advantages, floor rise charges, loan etc. Currently, the project is ready-to-move phase and possession has started.Hi Arushisha, As per the telephonic discussion with the developer i found some useful information like, flat sizes, possession date, booking amount, location advantages, floor rise charges, loan etc. Currently, the project is ready-to-move phase and possession has started.
My comments to replies
Hi Abhi, I am planning to book a 3BHK in Oberoi Exquisite, Goregaon East, Can you tell me how much they are charging per square foot? And what will be the approximate cost of the flat?
Hello Devika, There are 2 sizes available in 3BHK i.e. 996-1081 sq-ft. and the rate per square foot will be Rs. 31000. Approximate cost of 3BHK will be Rs. 4.8 core onward.
29th May 2015
Well Devika, No, you have to pay only 80% of the flat cost and rest of the 20% within 21 days from registration. Floor rise charges will be 1% of the flat cost.
29th May 2015

Hi all, Did they get the Occupancy Certificate? What are the location advantages of this project? If i am buying property through loan then which all banks will offer loan for this project?
Yes, they have got the Occupancy Certificate and almost all the leading banks and financial institutions have approved this project for housing loan. Location advantage of Oberoi Exquisite:- Goregaon East is adjacent to arterial Western Express Highway, just 20 minutes distance from Bandra Kurla Complex, 8 kms from Domestic Airport and 5 kms from Chattrapati Shivaji International Airport, It's nearby railway station is Goregaon and nearby highway is Western Express Highway.
29th May 2015

Q: Could RBI's rate cut revive the home sales?
My comments to replies
Hi guys, This is the 3rd time in this fiscal when RBI has reduced the repo rate 3 times in past 5 months. How it effects on home loan?
Hi Shaunak, Home loan interest rates have been changed only once. In April, all major Home loan banks and corporations reduced their lowest home loan interest rates from 10.1% – 9.85%. We believe, due to RBI's monetary policies bank's hands are a bit forced to reduce interest rates and home loan interest rates will fall by at least 0.25% in the immediate future.
3rd June 2015
Well Shaunak, As per Pradeep Jain, Chairman, Parsvnath Developers Ltd. They were expecting the move thinking of the realty sector that has been struggling since last few quarters with increasing inventories and low demands. They hope that more banks will now pass on the benefit to customers and thus exciting the overall demand. Such generous moves coupled with policy reforms are necessary for the revival of the real estate sector in country.”
3rd June 2015

Q: Is it an attempt of state govt to cut red tape and delays in the building approval process? What will be in the new plan? Any idea?

My replies to this discussion
Hi Samrat, Yes, the real estate sector is the most flourishing industry in Mumbai. At present, some 40 pre-condition and at least 10 NOCs needed to be individually before commencement certificate is issued to approved project. these are Water, sewerage, tree authority, storm water drain, civil aviation ministry, environment ministry, roads and traffic, fire control board, fire brigade dept, Archaeological Society of India and development plan among others.Hi Samrat, Yes, the real estate sector is the most flourishing industry in Mumbai. At present, some 40 pre-condition and at least 10 NOCs needed to be individually before commencement certificate is issued to approved project. these are Water, sewerage, tree authority, storm water drain, civil aviation ministry, environment ministry, roads and traffic, fire control board, fire brigade dept, Archaeological Society of India and development plan among others.
My comments to replies
Hi Samrat, Yes, the real estate sector is the most flourishing industry in Mumbai. At present, some 40 pre-condition and at least 10 NOCs needed to be individually before commencement certificate is issued to approved project. these are Water, sewerage, tree authority, storm water drain, civil aviation ministry, environment ministry, roads and traffic, fire control board, fire brigade dept, Archaeological Society of India and development plan among others.
@Dwarkesh, If all goes as planned, a single application for issuance of commencement certificate from the architect of a building project would soon be enough for getting the permission. It is also heard that the CM-led State Urban Development Department issued instruction to the BMC in this regard last week.
4th June 2015

Q: Is there any 1RK available for sale in Solitaire Space? What is it's price? Any lead on it is highly appreciable.
My replies to this discussion
Hi Chintak, Solitaire Space by Space india located at Panvel, Navi Mumbai offers 1RK and 1BHK. All the 1RK in Solitaire Space have been sold out only few 1BHK is available for sale. The sizes of 1BHK will be 640 sq-ft. It is a G+7 single storey apartment.Hi Chintak, Solitaire Space by Space india located at Panvel, Navi Mumbai offers 1RK and 1BHK. All the 1RK in Solitaire Space have been sold out only few 1BHK is available for sale. The sizes of 1BHK will be 640 sq-ft. It is a G+7 single storey apartment.
My comments to replies
Hi Abhi, What will be the cost of 1BHK? I heard that this project is offering scheme for the new buyers? What is the scheme is all about? What will be the booking amount?
Hi Shaunak, The cost of 1BHK will be Rs.32 lacs but under scheme you will get it in Rs. 30 lacs. They will pay the Stamp Duty and Registration cost. The booking amount will be 15% of the registration value and the rest of the 85% depends on your income proof.
8th June 2015
Ur welcome Shaunak, 75% of the construction part has been completed and almost all the leading banks such as ICICI, HDFC, LIC Housing Fin, SBI, ICICI, India Bulls, DHFL etc. have approved this project.
8th June 2015

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.
My comments to replies
Hi, Neel Group Builders and Developers is not a very famous builder in Mumbai like, Tirupati Balaji Group, Kalpataru, Adani Group, Lodha Group, Oberoi Realty Ltd. and so on. So, before investing in their project survey the project site, see the construction quality and the amenities promised by the developers. Before signing the agreement check all the legal approvals, visit the local municipal and verify the documents. Better, the advice of a legal expert in this matter. After all it is a matter of your hard earned money.
Hi, I have inquired about this project last week. It offers 2/3 BHK residential flats. 2BHK from 1250 sq-ft and 3BHK from 1650 sq-ft. and it's current price is Rs. 7900/sq-ft. A 2BHK will cost to Rs. 98.75 lacs and 3BHK, around Rs. 1.30 cr all exclusive. The cost of 2BHK in 1250 sq-ft will cost to you Rs. 1.8 crore all including.
10th June 2015

Hi Abhi, Can you tell me the current status of this project? If i go through the loan process then which all banks can fund me? Has they got necessary approval from The CIDCO?
Good Morning Ramesk, Neel Vardhaman by Neel Group Builders and developers is a ready-to-move project. This project has CIDCO approvals. You can get loan from all the leading banks like HDFC, ICICI, IDBI among others. The current residential property rate in the locality is Rs. 5450/sq-ft. but you know very well that the values may vary depending on the location infrastructure, amenities, facilities and other related issues.
10th June 2015

My replies to this discussion
Hi, Sunteck City- Avenue-2 is part of the 23 acre Luxury Township project Sunteck City nestled in the upcoming Oshiwara District Centre at Goregaon (W) and comprises of 2 elegant towers. . It offers largest integrated luxury township in Goregaon West with 2/3BHK luxurious residences. Its sizes are 899-1091 sq-ft in 2BHK and 1395 sq-ft in 3BHK and it's current price is Rs. 14250/sq-ft.Hi, Sunteck City- Avenue-2 is part of the 23 acre Luxury Township project Sunteck City nestled in the upcoming Oshiwara District Centre at Goregaon (W) and comprises of 2 elegant towers. . It offers largest integrated luxury township in Goregaon West with 2/3BHK luxurious residences. Its sizes are 899-1091 sq-ft in 2BHK and 1395 sq-ft in 3BHK and it's current price is Rs. 14250/sq-ft.
Hi Anuj, Sunteck City Avenue-2 has close proximity to proposed Oshiwara Station and 10 minutes drive from Lokhandwala. It has quick access to Western Express Highway Via New East - West Flyover and easy accessibility to Western Suburbs and Airports. Some of the good educational institutions are Vibgyor School, Ryan International School, Gokuldham School, Oberoi International School and Healthcare facilities like Western General Hospital, Kokilaben Dhirubhai Ambani Hospital etc.Hi Anuj, Sunteck City Avenue-2 has close proximity to proposed Oshiwara Station and 10 minutes drive from Lokhandwala. It has quick access to Western Express Highway Via New East - West Flyover and easy accessibility to Western Suburbs and Airports. Some of the good educational institutions are Vibgyor School, Ryan International School, Gokuldham School, Oberoi International School and Healthcare facilities like Western General Hospital, Kokilaben Dhirubhai Ambani Hospital etc.
Q: Which are the project launched in April 2015? Is there any new infrastructural development started in Mumbai?

My replies to this discussion
Good Morning Samrat, Majority of the new launches were in the suburbs are Dosti Codename Landmark at Thane, Gundecha Greens at Kandival and Satyam Harmony at Panvel. Yes, Northern arm of Kherwadi Flyover inaugurated during the month of April'2015.Good Morning Samrat, Majority of the new launches were in the suburbs are Dosti Codename Landmark at Thane, Gundecha Greens at Kandival and Satyam Harmony at Panvel. Yes, Northern arm of Kherwadi Flyover inaugurated during the month of April'2015.
My comments to replies
Good Morning Samrat, Majority of the new launches were in the suburbs are Dosti Codename Landmark at Thane, Gundecha Greens at Kandival and Satyam Harmony at Panvel. Yes, Northern arm of Kherwadi Flyover inaugurated during the month of April'2015.
Well Rajat, The key areas for both rental as well as for end use are Lower Parel, Wadala, Andheri, Ghatkopar, Ghodbunder Road and Kharghar. Rental value in those areas for a 2BHK apartment in 1000 sq-ft are Rs. 60000-110000/month in Lower Parel, Rs. 35000-55000/month in Wadala, Rs. 32000-55000/month in Andheri, Rs. 30000-45000/month in Ghatkopar, Rs. 12000-25000/month in Ghodbunder Road and Rs. 10000-18000/month in Kharghar.
26th June 2015

Thanks Abhi, What is the capital value of residential property in those localities? I have sold out my old flats in Pune and looking for a 2BHK in Mumbai for end use.
@Rajat, The values may vary depending on the location infrastructure, amenities, facilities and other related issues. The current capital values in those localities are as follows:- Rs. 25000-40000/sq-ft in Lower Parel, Rs. 15000-23000 in Wadala, Rs. 12500-21500/sq-ft in Andheri, Rs. 11500-17000/sq-ft in Ghatkopar, Rs. 6000-9500/sq-ft in Ghodbunder Road and Rs. 6000-9000/sq-ft in Kharghar.
26th June 2015

Q: Hi, i need information of this project will the current price/sq-ft rate.

My replies to this discussion
Hello Devika, Godrej Prime by Godrej Properties Ltd. located near Sahakar Nagar-2, about 300-400 mtrs. from Tilak Nagar Railway Station in Chembur, Mumbai. It offers 2/2.5/3BHK residential apartments. It's unit sizes are 663-796 sq-ft in 2BHK, 753-868 sq-ft in 2.5BHK and 987-1076 sq-ft in 3BHK. It's current price is Rs. 14000/sq-ft. This project is spread over 3.54 acres of land, developing 600 units in 9-towers of G+15 storeys apartments.Hello Devika, Godrej Prime by Godrej Properties Ltd. located near Sahakar Nagar-2, about 300-400 mtrs. from Tilak Nagar Railway Station in Chembur, Mumbai. It offers 2/2.5/3BHK residential apartments. It's unit sizes are 663-796 sq-ft in 2BHK, 753-868 sq-ft in 2.5BHK and 987-1076 sq-ft in 3BHK. It's current price is Rs. 14000/sq-ft. This project is spread over 3.54 acres of land, developing 600 units in 9-towers of G+15 storeys apartments.
My comments to replies
Hi Abhi, Can you tell e the current status of this project? Has the construction work started? Is there any 2BHK available for booking? What will be the date of possession?
Currently, this project is in pre-launch phase as they have applied for the IOD. But the 80% of the flat has been booked. After getting the commencement Certificate they will start the construction work. All the sizes of 2BHK from 663-796 have been sold out only one flats sizes 689 sq-ft on 1st floor is available for sale. And the date of possession will December'2019 as per the sale guy.
2nd July 2015
Well Mansoor, The booking amount will be Rs. 20% of the agreement value. you can book the flat with the 10% of the agreement value i.e Rs.10 lacs and rest of the 10% within 45 days. Yes, the project got required approval from BMMC and almost all the leading banks and financial institutions such as HDFC, SBI, Axis, SBI etc. have approved this project for housing loan.
2nd July 2015

Hi Abhi, Is it a good project for end users? How is the connectivity of this project with the other parts of the city?
Hi Niyati, Godrej properties Ltd. is a brand name in Mumbai Real estate. The company was established in the year 1990. Customer have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products. They have successfully completed many projects in Mumbai. Godrej Prime, Chembur has excellent connectivity ans easy accessibility to Big bazar, Eastern Express Highway and Ghodbunder Road. Its nearby station is Thane which is 18 mins from the project site. Mulund Station-28 mins, Balkum Naka Bus Stop-7 mins, nearby area Borivali-57 mins, Estern Express Highway-27 mins and Airoli-27 mins from project location. Future developemnt of Metro Rail from Thane to Kasarvadavli.
2nd July 2015

Q: What is the asking rate of 2BHK in Runwal My City Codename Walk in Dombivali East?
My replies to this discussion
Good evening Vinay, All the proposed plan waiting for the govt. approval and once they get the approval, such speedy infrastructure plans will bring the location comfortably within your grasp. Runwal Codename Walk will have International standard schools, shopping hubs and entertainment zones. In near future Dombivli will become the epicentre for economic growth.Good evening Vinay, All the proposed plan waiting for the govt. approval and once they get the approval, such speedy infrastructure plans will bring the location comfortably within your grasp. Runwal Codename Walk will have International standard schools, shopping hubs and entertainment zones. In near future Dombivli will become the epicentre for economic growth.
My comments to replies
Good evening Vinay, All the proposed plan waiting for the govt. approval and once they get the approval, such speedy infrastructure plans will bring the location comfortably within your grasp. Runwal Codename Walk will have International standard schools, shopping hubs and entertainment zones. In near future Dombivli will become the epicentre for economic growth.
Well Vinay, As per the developer, the date of possession will be December'2018 and the booking amount will be Rs. 54000 and first installments 19.99% of the consideration within 42 days. Yes, they are offering special payment plan in which you have to pay 10% at the time of booking, remaining 9.9% in next 9 months and 80% will be based on construction linked.
3rd July 2015

Q: Dear Friends, I have booked an apartment in Raunak City Phase 3, Wanted to know if d project has a green signal from the Municipal authorities? Though the name is reputed in the market with a proven track record. My other queries, requesting all to revert. 1. Are there any issues related electricity n water shortage in that locality? 2. They have promised the possession by December 2015, will they actually deliver? 3. Can all the owners of Phase 3 make a whats app group and stay connected?
My comments to replies
please send ur mobile number at achoudhari@Gmail.com. We have an WhatsApp group for Phase 3 owners
Hello, Can you share some details of this project so that many buyers of this project unable to talk to on whatsapp can collect some useful information from here?
14th July 2015

Q: parking of the 2nd cars in vacant parking lot can the society bar entry to the second car though there are ample vacant parking slots which have not been allocated.Should the MC not give details of such slots hich have not been allocated as yet.

My replies to this discussion
Hi, No outside cars are allowed to be parked in the society premises whether belonging to a family member or not. Moreover you cannot park the car any where at your convenience. All the members of a socity have to park their vehicles at the allotted parking spaces. You are parking another car which you don't own. You have to pay for it.Hi, No outside cars are allowed to be parked in the society premises whether belonging to a family member or not. Moreover you cannot park the car any where at your convenience. All the members of a socity have to park their vehicles at the allotted parking spaces. You are parking another car which you don't own. You have to pay for it.
HI, A developer cannot sell the car park to a person who purchases a flat from him, he can allot the same on a first come first served basis without charging any money from him. The housing society is allowed to frame its own parking rules. If any slots remain vacant for want of applicants, which is sometimes the case for open parking, a second parking space may be allotted to interested members. Allotment of Parking space is a "Administrative function" and the MC as well as General Body are empowered to allot the parking space to its own Registered members.HI, A developer cannot sell the car park to a person who purchases a flat from him, he can allot the same on a first come first served basis without charging any money from him. The housing society is allowed to frame its own parking rules. If any slots remain vacant for want of applicants, which is sometimes the case for open parking, a second parking space may be allotted to interested members. Allotment of Parking space is a "Administrative function" and the MC as well as General Body are empowered to allot the parking space to its own Registered members.
Q: Is this happiness is for a short time for the Indian property developers?

My replies to this discussion
I don't think so. Because many land purchases are likely to take place via partnerships between developers and fund houses and it is a good news for the market. PE funds-backed developers set for buying spree in weak realty market Large pieces of land have been put up for sale in top property markets such as Mumbai, Bengaluru and the National Capital Region by companies, private land owners, and some developers seeking to monetize their assetsI don't think so. Because many land purchases are likely to take place via partnerships between developers and fund houses and it is a good news for the market. PE funds-backed developers set for buying spree in weak realty market Large pieces of land have been put up for sale in top property markets such as Mumbai, Bengaluru and the National Capital Region by companies, private land owners, and some developers seeking to monetize their assets
Q: Planning to invest in Oyster Living Divino project in Dahisar (East). Can anyone share their experience of dealing with this builder.?.Commitment fulfillment & reliability.
My comments to replies
As far as locality is concerned, it is close to Sanjay Gandhi National Park, located near Western Express Highway, 5 mins walk from Dahisar Railway Station, hospital and clinics located within the radius of 2.3 kms, renowned schools & colleges are sited near the Oyster Living. The price is very much competitive and location wise it is good. Right now they are saying that they have a clear title for construction that is why they have put up hoardings . I did not see any papers for this.
Hi Ketal, Oyster Living Divino by Oyster Living is a residential project located at Dahisar East, Mumbai. It offers spacious and skillfully designed 1/2BHK apartments. The project is well equipped with all modern amenities to facilitate the needs of the residents. 1BHk in 600 sq-ft and 2BHK in 900 sq-ft. And the cost of 1BHK will be Rs. 39 lacs onward whereas a 2BHK will cost to you Rs. 63 lacs onward. They are charging Rs. 25 from 3rd floor as a floor rise charges.
29th July 2015

Q: Hi, any updates on Balaji Dream City, New Panvel.
My comments to replies
Hi, Do they have all the approvals for Balaji Modern City because most of the projects of Balaji are stalled for years? kindly share if anyone has any idea.
Hi, I inquired about this project and talked with the sale guy and found that CIDCO has approved this project.
2nd December 2015

Balaji Residency had the same plan but not yet started the project. Don't be the victim of "Tirupati Balaji Griup"
Hey Sankalp, Almost all the project of Tirupati Balaji Builders & Developers are delayed. I don't know what is the reason of delay. Every month they are saying that work will start in next month but that month never comes. Not getting what is actually going on and when the construction work will start?
27th January 2016

How is growth and plan for Panvel matheran raod?
Hi Santosh, I would suggest you to consider investing in Naigaon east and Vasai. AS the locality comes under CIDCO and a fully developed infrastructure. The locality is in huge demand now-a-days. This is if you are interested in good value for money projects on the Western line, which are well connected and have solid potential for appreciation.
6th August 2015
Right Ketal, Real estate market in Ulwe has been a major attraction for many ever since the desirous projects like Mumbai Trans-Harbour Link and Navi Mumbai International Airport were announced. Property prices suddenly shot up and a sizeable population also bought property here in anticipation of the locality's growth.
6th August 2015

Q: I am planning to buy property in Palghar should i wait for REIT Is REIT going to help investor in property

My replies to this discussion
Good Morning Suresh, India needed REIT as there is a slowdown in market, and real estate industry is starving for capital. If REIT comes, will help generate liquidity, and push real estate, infrastructure and construction industry to regain their activities. Secondly, lot's of fraud cases have seen earlier such as delay possession, insufficient fund to start the project, change of floor plan, hidden charges for the property which disappoint buyers. Sometimes a buyer has to wait more than 5 years for getting possession. And if you choose the legal path then it will take another 5 years to get your property back.Good Morning Suresh, India needed REIT as there is a slowdown in market, and real estate industry is starving for capital. If REIT comes, will help generate liquidity, and push real estate, infrastructure and construction industry to regain their activities. Secondly, lot's of fraud cases have seen earlier such as delay possession, insufficient fund to start the project, change of floor plan, hidden charges for the property which disappoint buyers. Sometimes a buyer has to wait more than 5 years for getting possession. And if you choose the legal path then it will take another 5 years to get your property back.
My comments to replies
As i know, it is an investment trust where an individual can invest either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specialize in public real estate. An added benefit to investing in REITs is the fact that many companies are accompanied by dividend reinvestment plans (DRIPs). Among other things, REITs invest in shopping malls, office buildings, apartments, warehouses and hotels.
We are waiting for the cabinet approval and once it will approve by the cabinet, i am sure that the measure which are taken will boost fund flows and make the way strong for inciting much needed changes into the realty market. This move will also speed-up construction activities. REITs are instruments which allow owners of rent yielding assets (commercial and retail) to raise money from investors by pooling and listing them as a trust.
11th September 2015

Q: Yes, property developer Oberoi Realty is in advanced stage to take the corporate office of Crompton Greaves Ltd at Worli in Mumbai for some Rs.200 crore.

My comments to replies
It's true and at the same time the company is planning to develop a luxury residential project and a hotel through Oasis Realty. It will be a joint venture with the Sahana Group, another real estate firm. As per the latest news, the company had signed up with Ritz Carlton as hospitality partner to manage the hotel.
It is also came to know that the area and the Crompton property are confine with Oberoi Realty's ongoing projects. The acquisition will be funded through a mix of cash, debt and internal accruals. The transaction is not all cash. It is a mixed structured deal where stocks may also be issued.
20th August 2015

@Abhi......... According to real estate consultants, the acquisition would make business sense to Oberoi Realty as it has been looking to expand its current projects around the nearby locality. But they already have ongoing projects in the vicinity, it looks like they may look at redeveloping the property.
And for that the company had issued around 11 million shares on a preferential basis at Rs.295/equity share, amounting to Rs.325 crore, bringing down its promoter shareholding from 75% to 72.5%. Before, the company's board has also passed an enabling resolution to raise up to Rs.2250 crore by issuing debentures and equity shares through public offer and private placement.
20th August 2015

Q: The total agreement value will be Rs.10000000/- approx. Builder has got CC but not OC. Now I would like to know what Rate of VAT and Service Tax is applicale and on which amount. I came to that since the builder got CC no VAT or Service Tax is payable. PL enlighten me the actual position of these inditrect taxes......... For your information area of flat is 780 sq.ft Carpet and 873.6 is Built-up...
My replies to this discussion
Hello Sir, Service Tax and VAT are paid only for under construction properties. And Land cost is exempted from both these charges. A property is termed "under construction" till the builder receives a "completion certificate" from the relevant authorities. If the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no service tax levied on the purchase of the property.Hello Sir, Service Tax and VAT are paid only for under construction properties. And Land cost is exempted from both these charges. A property is termed "under construction" till the builder receives a "completion certificate" from the relevant authorities. If the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no service tax levied on the purchase of the property.
My replies to this discussion
No, he cann't charge VAT & Service after getting Completion Certificate. A property is termed under construction till the builder receives a completion certificate from the relevant authorities. If the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no service tax levied on the purchase of the property.No, he cann't charge VAT & Service after getting Completion Certificate. A property is termed under construction till the builder receives a completion certificate from the relevant authorities. If the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no service tax levied on the purchase of the property.
Q: The Airport Authority of India's decision on building height clearance, will impact construction work at Malwani, D N Nagar, Versova, Goregaon, Ghatkopar (West) and Mahim.

My replies to this discussion
Hey folks, BMC and AAI will combine their software based on the map. This will allow any builder to find out the building height limit of their area online without having to run to an authority for details. This map will simplify the process and control corruption. The common man can also understand the height restriction of buildings in their area after considering the map.Hey folks, BMC and AAI will combine their software based on the map. This will allow any builder to find out the building height limit of their area online without having to run to an authority for details. This map will simplify the process and control corruption. The common man can also understand the height restriction of buildings in their area after considering the map.
Q: Apart from record Rs 82000 crore presumed earlier as public funds for construction and maintenance of highways in the current financial year, the road ministry has asked for an additional Rs 8800 crore as budgetary support.

My replies to this discussion
This is really recommendable Mani, Of the road ministry's demand for additional budget expenses, Rs 2620 crore is for awarding contracts for building additional national highways, which has been targeted at around 10000 km this financial year, and Rs 1510 crore for special speed up road development programme for the North-East.This is really recommendable Mani, Of the road ministry's demand for additional budget expenses, Rs 2620 crore is for awarding contracts for building additional national highways, which has been targeted at around 10000 km this financial year, and Rs 1510 crore for special speed up road development programme for the North-East.
Q: The Rs.12000 crore coastal road project of connecting South Mumbai with the Western Suburbs could get stalled due to legal actions.

My comments to replies
It is said that environmentalists are planning to approach courts and National Green Tribunal over perceived risk of flooding due to mangroves destruction.
@Bikram, The environmentalist fear that large-scale cutting of mangroves and improvement for the coastal road project will adversely affect the stormwater outflow. The chances of flooding of roads and rail lines during the monsoon season could increase significantly.
28th September 2015

My comments to replies
Possession has been delayed by 4-5 months for all the buildings in the complex
HI Bin, Well March 2016 is also unconfirmed. Different dates are being given to different customer. When i approached to their sales guy they said April 2016.
14th December 2015

Q: Hey folks I am looking out to buy a 3bhk apartment in Mumbai any suggestions?

My replies to this discussion
Hi Kapil, Balkum is the most active micro market in September-October 2015. As per commonfloor data 1200 flats have launched during that period in Luxury, mid and affordable segment. Residential property price in the locality is Rs. 8100/sq-ft. You can also go for Khopoli where average property rate is 3300/sq-ft, Pokhran- Rs.12150/sq-ft. and Ghodbunder Road-Rs. 7150/sq-ft.Hi Kapil, Balkum is the most active micro market in September-October 2015. As per commonfloor data 1200 flats have launched during that period in Luxury, mid and affordable segment. Residential property price in the locality is Rs. 8100/sq-ft. You can also go for Khopoli where average property rate is 3300/sq-ft, Pokhran- Rs.12150/sq-ft. and Ghodbunder Road-Rs. 7150/sq-ft.
Q: The company plans to raise up to Rs 1000 crore fund majorly from high networth individuals (HNIs) and family offices.
My comments to replies
Yes, the company on Friday launched its 3rd real estate fund and plans to raise up to Rs 1000 crore from majorly from high networth individuals (HNIs) and family offices which the company proposes to invest in residential projects in 6-metros.
It is also came to know that the raised fund will primarily invest in residential projects by established developers in Mumbai Metropolitan Region, NCR, Bangalore, Pune, Chennai and Hyderabad and will target to undertake 10-12 transactions with deal sizes ranging from Rs 80 crore to Rs 120 crore.
28th October 2015

And this is the right time for investors to invest through indirect investing, as the realty sector is going through a consolidation phase and prices are expected to remain stable for some time. As per the company they are participating in the project profits rather than banking completely on the future price rise.
But this time the fund has been set up as a SEBI registered AIF Category II Fund and the company has already received the requisite approval from the authorities. The company will invest this fund in both equity and debt.
28th October 2015

Q: Hi,I am quite interested in buying a flat in imperial heights,dahisar.. I want to know like..would it be a good and safe deal? Also,i learnt that it was launched in Jan 2013 and when i visited the site couple of days back,it reached upto 2nd slab only!B-wing)..i feel it should have been around completion by now. I m confused as they committed the possession by Dec'2016 and now they say Dec'2017. I think the construction was aborted and then again they resumed sometime back..Please advice.

My replies to this discussion
Hi everybody, Has anyone invested in this project? What rate builder is charging currently? I am not sure if work is already started. Would appreciate if anyone has latest updates on this project?Hi everybody, Has anyone invested in this project? What rate builder is charging currently? I am not sure if work is already started. Would appreciate if anyone has latest updates on this project?
Q: The Khandeshwar police have registered 4 FIRs over past 5 months against 5 builders for cheating buyers.

My comments to replies
Even i think so. They buy flats without doing any ground homework. They become fool very easily and at last lost their hard earned money. Once you trapped, it is very difficult to come out. As per the report they collected booking amounts but did not give possession nor refunded the money when the buyers wanted to cancel their bookings.
The accused mentioned technical reasons for the delay, shut their shops and offices and escape. The proposed projects are in Panvel taluka's Harigram, Nere, Khoproli, Kundale and Wadki villages.
1st December 2015

Hi all, Can you mention the name the developers so that people will aware and stop buying property from them?
Hi kaushik, The accused included Ravi Dhumal and Datta Mane of Maurya Homes Builders and Developers, Sachin Zende of Amrut Developers, Nitin Zende of Budget Homes Infrastructure and Zakeria Patel of Sahara Homes.
1st December 2015

Q: Vastu is one of the most important aspect for buying homes these days.
My replies to this discussion
It is true Sangyukta. And according to the survey, 8 out of every 10 perspective buyers would like to know the Vastu of the property, even before physically checking the property.It is true Sangyukta. And according to the survey, 8 out of every 10 perspective buyers would like to know the Vastu of the property, even before physically checking the property.
My comments to replies
Right Abhi, The Mumbai regions, South has the highest Vastu compliancy requests followed by North, East and West. In South, Chennai and Bangalore showed considerable faith in Vastu, with a majority of them willing to even take corrective measures if the house is not as per the Vastu compliant.
Hi Shiva, 55% buyers believe that the entrance to the house is the most important factor in determining its Vastu compliancy. They showed their desire to compromise on design in order to get a Vastu compliant house. while 85% easily agree to precede the size of the house for Vastu.
8th December 2015

Q: When can I make money in real estate?

My replies to this discussion
So, before go for buying, check the documents. Made sure that all dues to the builder have been paid by the previous owner in case of a resale. If payments to the builder are pending, the price should be adjusted accordingly. More importantly, early stage development involves significantly higher risks stemming from uncertainty around their permissions, funding, delivery, and often results in delays.So, before go for buying, check the documents. Made sure that all dues to the builder have been paid by the previous owner in case of a resale. If payments to the builder are pending, the price should be adjusted accordingly. More importantly, early stage development involves significantly higher risks stemming from uncertainty around their permissions, funding, delivery, and often results in delays.
My comments to replies
So, before go for buying, check the documents. Made sure that all dues to the builder have been paid by the previous owner in case of a resale. If payments to the builder are pending, the price should be adjusted accordingly. More importantly, early stage development involves significantly higher risks stemming from uncertainty around their permissions, funding, delivery, and often results in delays.
Hence, the best course of action while negotiating pre-possession properties is to get a great deal on price and ascertain the impact of delay and your ability to handle it.
14th December 2015

Q: I have invested in Tirupati Balaji Residency Phase 3 projects in Jan 2015. Is the builder trust worthy since work has not started till yet?
My replies to this discussion
Hi Ashutosh, Till date work has not been started. Every month they are saying that work will start in next month but that month never comes. They didn't even complete there existing phases as per the reviews posted on another forum site. Even after 4 years, they couldn't be able to start and didn't get any approval from Authorities. I heard a lot of bad reviews in this project. Already a lot of people struggling with their held up money. if you have any updates please share with us.Hi Ashutosh, Till date work has not been started. Every month they are saying that work will start in next month but that month never comes. They didn't even complete there existing phases as per the reviews posted on another forum site. Even after 4 years, they couldn't be able to start and didn't get any approval from Authorities. I heard a lot of bad reviews in this project. Already a lot of people struggling with their held up money. if you have any updates please share with us.
Q: The real estate sector is passing through a phase of recession over the past 3-4 yrs. and Nashik is no exception.

My comments to replies
Hi, I want to know the real estate scenario in Nashik? Why there is no rise in property prices in Nashik for the past two years making properties available at average rates?
Hi Bashir, Nashik too is facing recession over the past 3-4 yrs. But there has been a sign of improvement for the past few months particularly from Dushera. Around 250 flats worth Rs 75 crore were booked during the festive season alone in Nashik. So, 2016 will be a good year for Nashik in terms of real estate.
22nd December 2015

Good afternoon all!! What is the real estate trend in the Nashik now? What is people's preference?
@Ananya, The demand has shifted from large flats to medium size flats in the range of 700-800 sq-ft. There is still a demand for small and medium size flats but the demand for large flats is comparatively low. People prefer buying flats instead of bungalows for safety reasons.
22nd December 2015
Well Ananaya, You might know that last year Credai Nashik had conducted a property exhibition and they held another exhibition 2 months ago in Mumbai for those who would like to settle down in Nashik and now they are planning to hold a grand property exhibition in Nashik within the next few months. Recently, they held a B2B meeting with the brokers to boost sales. What more people are expecting within 1 and half years of BJP Govt.
22nd December 2015

Hi all, My question is why are thousands of properties in the city without Building Completion Certificates (BCCs)? What is Credai Nashik doing for it?
As per rules, cupboards with size up to 8x2 sq-ft is allowed but most developers have extended cupboard spaces to 12x2 sq-ft or even 20x5 sq-ft. Earlier the municipal corporation was giving BCCs by regularizing such problems but now the NMC has suddenly stopped giving BCCs on the ground of additional size of cupboard spaces. They are already in talks with the state government to find a solution for it.
22nd December 2015

Q: Hi, I'm planning to buy a 1 BHK in Roadpali, Mumbai Navi only from investment perspective. How is the appreciaition value for Roadpali, Mumbai Navi in next 3 years. Guys, do suggest if you have any suggestions. Thanks. My budget: 50 lacs
My replies to this discussion
Hi, I have been to Roadpali once and I didnt find a good project within 40 lacs but I will be visiting again, I am really interested in buying here coz I was quiet impressed by it. Roadpali is a better option with its proximity to Kharghar but good projects are costly. Taloja is ok if you have a low budget...I have invested there in a tower with all amenities and even lived for a few days before renting out the place...all basic amenities are available close by within the node, but commute is a issue if you intend to travel by trains, its far from Kharghar station.Hi, I have been to Roadpali once and I didnt find a good project within 40 lacs but I will be visiting again, I am really interested in buying here coz I was quiet impressed by it. Roadpali is a better option with its proximity to Kharghar but good projects are costly. Taloja is ok if you have a low budget...I have invested there in a tower with all amenities and even lived for a few days before renting out the place...all basic amenities are available close by within the node, but commute is a issue if you intend to travel by trains, its far from Kharghar station.
My comments to replies
Hi Heena, Are you talking about Yes & Stovewala Builders and Developers in Mumbai? See, if you are talking about credibility of the builder, i would only say that builders like Sahara Group, Lodha Group and Balaji Builders and Developers are not fulfilling their promise and delivering their project on time. Today, you can not judge a builders credibility by its name.
I think saran is right!!!! If you really want to buy property visit the developers' office ask for the project related approvals, visit the construction site and see the quality of the materials used in the project, check the basic amenities from the project site, connectivity to the rest of the city, check that how many project builder has successfully completed and whether the delivery of the project is on time or not. In this way you can safe your buying.
22nd February 2016

Q: I am looking to buy flat in resale. I need Legal Expert in Powai area who can confirm required documents and can help in getting registration formalities completed.
My replies to this discussion
If the documents were genuine then there is no chance for fraudulent deals. So ask the seller to provide all original documents for checking/verifying. Things you should check before buying a resale flat are 1) Sale deed (Present Title deed) in name of present seller. 2) Encumbrance Certificate from date of purchase till date 3) Latest tax receipt and electricity bill & receipt for the said flat 4) NOC from the society for sale of the flat and Share certificates issued by the society if any. 5) Mother Deed’ or parent document 6) Agreement of sale & construction executed by developer in favour of seller(Ask to produce original agreement with builder) 7) Khata certificate & extract from BMP 8) Sanctioned building plan 9) Possession/occupancy certificate from builder 10) Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder 11) Power of attorney/s if anyIf the documents were genuine then there is no chance for fraudulent deals. So ask the seller to provide all original documents for checking/verifying. Things you should check before buying a resale flat are 1) Sale deed (Present Title deed) in name of present seller. 2) Encumbrance Certificate from date of purchase till date 3) Latest tax receipt and electricity bill & receipt for the said flat 4) NOC from the society for sale of the flat and Share certificates issued by the society if any. 5) Mother Deed’ or parent document 6) Agreement of sale & construction executed by developer in favour of seller(Ask to produce original agreement with builder) 7) Khata certificate & extract from BMP 8) Sanctioned building plan 9) Possession/occupancy certificate from builder 10) Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder 11) Power of attorney/s if any
Q: While buying the flat builder promise ample water supply..said in case KDMC fail to supply water we have boring which can provide ample water supply.Now when there is shortage of KDMC water builder says that the complete topgraphy of a Raunak city does not boring system...there are rock underneath the whole property..borinf not possible..they simply fooled us..I request all you people not to buy Raunak city any flats in phase 2,3 or4
My replies to this discussion
Hi Neeloy, Actually, i was also planning to book a flat in this project but i also heard some negative feedback on it. This is my first investment so, i am little bit scared of these negative feedback. I read about this project and I found that the opinions are too mixed. So can anyone provide some light on the current status of this project. Also, what are the facilities provided here? Is this worth an investment? Also what are the issues being faced?Hi Neeloy, Actually, i was also planning to book a flat in this project but i also heard some negative feedback on it. This is my first investment so, i am little bit scared of these negative feedback. I read about this project and I found that the opinions are too mixed. So can anyone provide some light on the current status of this project. Also, what are the facilities provided here? Is this worth an investment? Also what are the issues being faced?
Q: As per the report, the project is being executed by the Saifee Burhani Upliftment Trust and is estimated to cost Rs 4000 crore.

My replies to this discussion
Yes, in a written reply to the legislative council, Fadnavis told that the project is spread over 65880.4 sq-m which includes 280 plots that house 245 buildings. In all there are 3200 residential tenements and 1250 shops. And master plan for the project was approved by the BMC in January 2015.Yes, in a written reply to the legislative council, Fadnavis told that the project is spread over 65880.4 sq-m which includes 280 plots that house 245 buildings. In all there are 3200 residential tenements and 1250 shops. And master plan for the project was approved by the BMC in January 2015.
My replies to this discussion
Hi, As you budget is too low and to buy a property in a city like Mumbai may require you to make a minimum investment of Rs 1 crore, but for those who could only invest Rs 20-30 lakh, should not get disappoint. There are many such property options around Mumbai. Here are few emerging hotspots that Mumbai residents with a limited budget are looking at: Ashagaon, Nashik, Ulwe and Panvel are the few example of limited budget property hotspot.Hi, As you budget is too low and to buy a property in a city like Mumbai may require you to make a minimum investment of Rs 1 crore, but for those who could only invest Rs 20-30 lakh, should not get disappoint. There are many such property options around Mumbai. Here are few emerging hotspots that Mumbai residents with a limited budget are looking at: Ashagaon, Nashik, Ulwe and Panvel are the few example of limited budget property hotspot.
Q: Union urban development secretary Rajiv Gauba has asked Pune and other cities selected for the Smart City Mission to ensure that it is launched by June 25.
My replies to this discussion
Hi folks, Aftyer 2 hrs of interaction, Mr. Gauba observe the progress in terms of converting of Smart City Plans of these cities into specific projects for tendering and awarding of works. Gauba found out that each city's progress in respect of putting in place institutional mechanisms that have been put in place, transfer of central grants and share of respective states to SPVs, preparation of Detailed Project Reports for calling tenders, and so on etc.Hi folks, Aftyer 2 hrs of interaction, Mr. Gauba observe the progress in terms of converting of Smart City Plans of these cities into specific projects for tendering and awarding of works. Gauba found out that each city's progress in respect of putting in place institutional mechanisms that have been put in place, transfer of central grants and share of respective states to SPVs, preparation of Detailed Project Reports for calling tenders, and so on etc.
Q: I have booked a flat in an under-construction redevelopment project in Mumbai. Its a 17 floor tower but at the time of booking they had CC only till 12th floor and they had applied CC again for further floors. My flat is on 4th floor, its been almost 7 months but they havent still got the CC while the construction work is stalled as 12th slab is completed. Just last month builder said, he has got a new IoD for all floors and CC will e issued soon. My query is, does builder get CC in parts or there might be some issue with the permission for upper floors? And does IoD needs to be reapplied because he already had the IoD earlier when he started the construction.

My replies to this discussion
Yes, the certificate should contain all the required details, including the identification of the land, the location, if the building has met all the standards of safety and regulation, the distance from the road, distance from surrounding buildings, height and other criteria set by the Municipal authorities, along with the building plan. In short, the completion certificate guarantees that the building has not violated any rule in that locality.Yes, the certificate should contain all the required details, including the identification of the land, the location, if the building has met all the standards of safety and regulation, the distance from the road, distance from surrounding buildings, height and other criteria set by the Municipal authorities, along with the building plan. In short, the completion certificate guarantees that the building has not violated any rule in that locality.
My comments to replies
Hi Kayvee, Look into the record and reputation of the builder before investing. In the case of a reputed builder, even if the projects get delayed, at least you can be sure of getting the flat. There are some checklist which a buyers and investors should check before booking any flat, a investor should must ask for the Intimation of Disapproval (IOD) and the Commencement Certificate (CC).
Yes, a IOD will have the list of approvals from various authorities such as pollution control board and the departments of traffic, fire and environment; it also lists the reasons why the project has been disapproved or approved. And a CC is the proof that the builder can start construction.
25th May 2016

Hi Kayvee, For a investor it is very necessary that they should ask for the allotment letter and title deed. Before finding out whether a builder has secured all the approvals to start construction, you must ask the ownership of the land on which the project is to be developed. if land has been purchased from a government agency, you can ask for the allotment letter of the land. And if the land has been acquired from farmers, check the title deed which mentions the name of the owner. This will also help you determine whether the title of the property is clear or not.
Apart from that being a investor there are few questions to keep in mind are 1) when to invest? 2) What to invest ? 3) Where to invest? 4) How to invest? 5) How much to pay for it? 6) Which locality to invest in, 7) what type of property to invest, 8) how to extract maximum return from your property investment?
25th May 2016

Q: What do you think of the question, provide your opinion considering from booking of the apartment to getting possession, sub-lease agreement and thereafter annual maintainance charges
My replies to this discussion
According to me, consumers should not invest in under construction properties. All major developers have missed their deadline on different pretext. Read out the agreement paper again and again and clear all the extra charges. Better pay some extra and buy ready to move in flat.According to me, consumers should not invest in under construction properties. All major developers have missed their deadline on different pretext. Read out the agreement paper again and again and clear all the extra charges. Better pay some extra and buy ready to move in flat.
My comments to replies
@Ashwanee, It's a win-win situation for everyone involved in the process. The builder ensures that his project is sold out even before the formal launch, while the property dealer gets his own cut. The first buyer makes a killing on his ability to invest the required amount upfront, while the second buyer gets a property of his choice in any case. They have often made money through this sale process. It gets them better gains than the stock markets and is less risky.
It is correct Shubham. There is no problem if you do not have the money to invest, you can always get the amount financed by any of the leading banks and financial institutions. There is enough money to be made even after paying interest for a couple of months for the money borrowed.
6th July 2016

Q: Nearly a month after nine people died in a fire in a residential structure illegally converted into a chemist's shop at Juhu Galli in Andheri, the BMC is still to take action against 129 such structures in Aram Nagar, Versova. This despite a Bombay high court order to take action against such illegal structures. TOI firsted reported about the illegal structures in its edition dated June 14. An NGO, Disha, which had surveyed the area, had gone to court over the issue. It claimed that there were 129 residential structures converted into commercial. Mehmood Shaikh of the NGO said, "After the nine deaths in a small illegal shop in Juhu galli, is BMC waiting for a similar incident to happen in Versova where hundreds of lives are at high risk? In case of any eventuality, BMC's K-West ward and the fire brigade should be held responsible." Shiv Sena MP Gajanan Kirtikar has written to the BMC, demanding razing of the illegal construction and extensions in Aaram Nagar. Citing a Bombay high court order of December 21, 2015, Kirtikar said that the court had directed BMC to raze illegal structures in Mhada colony, but added that the BMC had failed to implement it. His letter mentions: "There are illegal bars, restaurants, pubs and other immoral businesses being conducted in the area... There are illegal film studios running there as well which cause inconvenience to citizens." Assistant municipal commissioner Parag Masurkar told TOI that there 354 such structues in Aram Nagar, of which 280 have been issued notices. "Demolition is on. Every month we demolish a few structures in the area," he said.

My replies to this discussion
Guys, this is BMC. They only take action for major incident. Only 9 people's death is nothing for that they are waiting for 900 death. After all, it is a matter of their reputation. What people will think about BMC that they have active for just 9 death.Guys, this is BMC. They only take action for major incident. Only 9 people's death is nothing for that they are waiting for 900 death. After all, it is a matter of their reputation. What people will think about BMC that they have active for just 9 death.
Q: Can anybody share with me about their experience with Chandak group? Have they met up to their expectations? Any caution points. Thanks

My comments to replies
Hi Ravi, I think in today's market it is best to avoid pre-launch or new launch projects. Simply because one would get many good deals in Ready-to-move or nearing completion project at the same rates. Again in today's market Rs. 96 lakhs for 1 BHK where possession would take around 3 yrs is too high. If you are thinking to buy as an end user plz see resale or ready-to-move properties in nearby area. I am sure you would get 1 BHK between 85-90 lacs. If you are looking for 2 or 3 BHK try Romell Grandeur which is nearing possession.
Hi Ravi, This project is near to Goregaon Station, 5-10 mins walk. Construction is going on at a decent pace since its launch. Presently about 5-6 slabs are complete. However its little inside from main road, lane behind Acme Amay Umiya Nagari projects. Compared to rates they are quoting it appears to be costly. If one want to go for ready-to-move flats in resale then check Acme Amay which is the best project in this area and also Shree Siddhi Complex next to St. pius college which offers 1 BHK available at 90-95 Lacs and 2 BHK 1.5 Cr. onward.
7th September 2016

Q: Earlier the benami transactions are defined as a “transaction where a property is held by or transferred to a person, but has been provided for or paid by another person”. This Act has amended this definition by to add other transactions which qualify as benami,

My replies to this discussion
Hi folks..... For your knowledge, i would like to mention few points that you property will considered as "Benami Property" in the eyes of law..... A transaction is considered as benami where a property is transferred to or is held by a person and the consideration for such property has been provided or paid by another person. In these cases, the property is held for the immediate or future benefit, direct or indirect, of the person who has provided its payment. Lok Sabha passed the bill on July 27 and Rajya Sabha gave its nod on August 2.Hi folks..... For your knowledge, i would like to mention few points that you property will considered as "Benami Property" in the eyes of law..... A transaction is considered as benami where a property is transferred to or is held by a person and the consideration for such property has been provided or paid by another person. In these cases, the property is held for the immediate or future benefit, direct or indirect, of the person who has provided its payment. Lok Sabha passed the bill on July 27 and Rajya Sabha gave its nod on August 2.
My replies to this discussion
Hi friend!!! If you did not sign any sale agreement or allotment agreement with the builder at the time of getting your allotment, there is still room for cancellation. Even in case there is no clause for termination or cancellation or you did not enter into any agreement with the builder, you are well within your right to cancel the sale on certain grounds of impossibility depending on the basic agreement between you and the builder.Hi friend!!! If you did not sign any sale agreement or allotment agreement with the builder at the time of getting your allotment, there is still room for cancellation. Even in case there is no clause for termination or cancellation or you did not enter into any agreement with the builder, you are well within your right to cancel the sale on certain grounds of impossibility depending on the basic agreement between you and the builder.
Q: dear Sir, i book a flat in neemrana by Avalon builders but the project is very delay and i have paid 40% payment., Now i want to surrender this flat, Can i surrender this? what is the rule regarding this. One more thing i have not signed the agrement yet?

My replies to this discussion
Hi friend!! In case there is no agreement, there must be a receipt, application form or allotment letter which will have the terms and conditions of cancelling an amount. If there is no such clause, such letter/receipt can be used in court while asking for refund of the amountHi friend!! In case there is no agreement, there must be a receipt, application form or allotment letter which will have the terms and conditions of cancelling an amount. If there is no such clause, such letter/receipt can be used in court while asking for refund of the amount
Q: I have done all the formalities with HDIL and for loan with Dewan Housing Finance Corporation and my loan is already approved and check is also ready with Dewan Housing Finance Corporation but they ( Dewan Housing ) need clearance letter from Central Bank of India from which DHIL have taken loans against this property to clear the check. Now since last one year we are trying to get the letter from HDIL and their management and staff is giving promises only. And thus we are not able to get this letter and thus possession of my flat. At the time of approval of loan the HDIL also took around 5 lakhs from me as a taxes and charges saying you have to clear this first and apply for loan. Now I am living in Saudi Arabia and cannot come everyday to follow the case my brother is following with them but he is also tired now. what option I have and what can I do now is anyone to help me out..please...

My replies to this discussion
Hi, This is a clear case of negligence. One more time send a mail to the builder and ask for the clearance letter. If you are not getting any positive reply within 15 days then hire a legal expert and send them a notice. Once, they will get the notice from the court, they will take this matter seriously.Hi, This is a clear case of negligence. One more time send a mail to the builder and ask for the clearance letter. If you are not getting any positive reply within 15 days then hire a legal expert and send them a notice. Once, they will get the notice from the court, they will take this matter seriously.
Q: Totally N A Complete -projects in Neral Vision Aarambh - 1 Pl,ots starting from 1500 sq.ft Full Payment spot possession EMI also Available only Rs 350/- per sq.ft From Neral 14 klms Near to state highway and road touch location

My replies to this discussion
Hi, Is the locality good for investment? How much price appreciation i can expect in 5 yrs.? How is the lproject locality and its connectivity? How far is the daily basic amenities from the project site? Can i see the NA conversion certificate during my visit?Hi, Is the locality good for investment? How much price appreciation i can expect in 5 yrs.? How is the lproject locality and its connectivity? How far is the daily basic amenities from the project site? Can i see the NA conversion certificate during my visit?
Q: Kanjurmarg Mumbai has also become the hot spot for the residential places. With the increasing demand for homes at this location Kanakia Kanjurmarg Mumbai, the builders have shifted their focus at this prime location. utilities like institutions , malls, restaurants, markets, school, colleges, Cricket Play Ground, Teniss Play area etc. Kanakia Kanjurmarg Pre Launch Project Buyers can expect that Kanakia Kanjurmarg Price will be appropriate. Also with the upcoming of Southern outlying road and Near Navi Mumabai Centre Park Mira Road saw the tremendous demand for the residential apartments. To know more information visit us http://www.kanakiakanjurmarg.in/ Source: http://smartpropertyinindia.blogspot.in/2016/11/kanakia-kanjurmarg-call9987862780.html

My replies to this discussion
Hi friends, I have some current information of this project which i would like to share with you all. Kanakia Kanjurmarg by Kanakia Spaces Pvt. Ltd. located at Kanjurmarg East is offfering 1, 2 and 3BHK residential flats. Sizes of the flats are varying from 683 - 833 sq-ft. in 1BHH, 1115 - 1244 sq-ft. in 2BHK and 1376 -1531 sq-ft. in 3BHK. It's current price will be Rs.11494/sq-ft. and possession date will be December'2019.Hi friends, I have some current information of this project which i would like to share with you all. Kanakia Kanjurmarg by Kanakia Spaces Pvt. Ltd. located at Kanjurmarg East is offfering 1, 2 and 3BHK residential flats. Sizes of the flats are varying from 683 - 833 sq-ft. in 1BHH, 1115 - 1244 sq-ft. in 2BHK and 1376 -1531 sq-ft. in 3BHK. It's current price will be Rs.11494/sq-ft. and possession date will be December'2019.
Q: Mahindra group is very known name in real estate sector that is famous for its high quality reputation. Mahindra Group is renowned name who has been launched brand new project which name is Mahindra Kandivali and it is located in Kandivali East Mumbai. Mahindra Lifespaces Kandivali apartment is exuberating on many acres of lands offers Residential flats in affordable price range. Even the builder has considered modern technology to prepare it with proper finishing. Every unit is equipped with top class amenity so you have chance to stay here with the family and enjoy every second of life in wonderful units of apartments in Mumbai. http://www.mahindrakandivali.newprojectlaunch.in

My replies to this discussion
Hi Priyanka!! When is the project going to launch? What all BHK options are available in it? How is the project locality? I need some details of this project before any conversation on phone. Can you send me brochure of this project? Thanks...Hi Priyanka!! When is the project going to launch? What all BHK options are available in it? How is the project locality? I need some details of this project before any conversation on phone. Can you send me brochure of this project? Thanks...
My comments to replies
Gud Evening Rajesh, Puranik Hometown by Puranik Builders Pvt. Ltd. is an ongoing residential project located at Ghodbunder Road, Thane. It is offering 1/2/3 BHK residential flat. Sizes of these flats are available from 667 - 683 sq.ft in 1BHK, 1108 - 1151 sq.ft in 2BHK and 1488 - 1502 sq.ft. in 3BHK. It's current asking rate will be Rs.8070-8320 sq-ft. As per developer, it's possession date will be March'2018. Still few flats are available from the builder as well as in resale.
Hi Rajesh What is your BHK configuration and budget? To get more information like price and size of the flat, click this link Puranik Hometown, Ghodbunder Road, Thane Or, To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.
28th December 2016

Q: Can somebody provide me the details of this project including its current price and possession date?
My replies to this discussion
Hi, Runwal Bliss is part of ongoing luxurious residential township of 36 Acres in Kanjurmarg East. The whole township is divided into 3 phases and would have Luxurious Residential complex along with some retail to cater to daily needs of residents. The first phase is 8 Acres and that part of land has already been converted to Residential use from industrial one. There will be 6 high rise towers. It is offering 1.5/2/3/4/5 BHK flats. Phase-1 comprises of 8 acres of land, 3 acres of Greenary. It's current price will be Rs.14815-15000/sq-ft.Hi, Runwal Bliss is part of ongoing luxurious residential township of 36 Acres in Kanjurmarg East. The whole township is divided into 3 phases and would have Luxurious Residential complex along with some retail to cater to daily needs of residents. The first phase is 8 Acres and that part of land has already been converted to Residential use from industrial one. There will be 6 high rise towers. It is offering 1.5/2/3/4/5 BHK flats. Phase-1 comprises of 8 acres of land, 3 acres of Greenary. It's current price will be Rs.14815-15000/sq-ft.
My comments to replies
Hi, I am looking for 3BHK flats in Runwal Bliss? What are the sizes available in 3BHK and it's current price? When is the date of possession?
Good evening Pradyuman, Runwalm Bliss by Runwal Group at Kanjurmarg is offering 1.5BHK in 825 sq-ft., 1100 - 1225 sq.ft in 2BHK, 1750 - 2015 sq.ft in 3BHK, 3025 sq.ft in 4BHK and 4000 sq.ft in 5BHK. It's current asking rate will be 14800-15000/sq-ft. price will depends on the preferred location and the amenities take by the buyers. As far as possession date is concerned, October'2020.
3rd January 2017

My replies to this discussion
And plots falling under a particular category won't require status change to NA. In certain cases, obtaining a No Objection Certificate (NOC) from the District Collector within 30 days by paying fees prescribed under rules will obliterate the need to transfer the land to NA category.And plots falling under a particular category won't require status change to NA. In certain cases, obtaining a No Objection Certificate (NOC) from the District Collector within 30 days by paying fees prescribed under rules will obliterate the need to transfer the land to NA category.
Q: Which are the leading Real Estate Developers in Mumbai? Please provide me the list of some ongoing projects in Mumbai?

My replies to this discussion
Hello Sir, I couldn't understand your query. Please tell me in which area of Mumbai you are planning to buy property so that i can help you with some good projects in that area. There are numerous ongoing projects in Mumbai at present.Hello Sir, I couldn't understand your query. Please tell me in which area of Mumbai you are planning to buy property so that i can help you with some good projects in that area. There are numerous ongoing projects in Mumbai at present.
Q: What is Lodha Anjur
My comments to replies
Hi, Lodha Anjur, Thane is a new residential project by Lodha Group. It offer 2,3 and 4 BHK residential apartments. Sizes of the flats are available from 1250-2800 sq-ft. There will be a multiple towers. This project is spread over 40 plus acres of land. It is a G plus 30 storys apartment. There will be 4 units in each floor. Lodha Group plans to develop the First phase of Lodha Anjur in an approximate area of 130 acres with around 10000 flats to be built in first phase of construction.
As far as price is concerned, 1BHK approx 55 lakhs inclusive of all Service Tax, VAT, Stamp Duty, Registration etc. 1.5 BHK - Rs.77 lakhs all inclusive and 2BHK - Rs.85 lakhs all inclusive. Delivery for lodha Anjura beginning December 2019 or first Qtr. of 2020.
25th April 2017

My replies to this discussion
Hi Dhirendra, Sama Pride by Sama Enterprises locatd at Ulwe, Navi Mumbai is a ready-to-move-project and current asking rate is Rs.4400 per sq-ft.Hi Dhirendra, Sama Pride by Sama Enterprises locatd at Ulwe, Navi Mumbai is a ready-to-move-project and current asking rate is Rs.4400 per sq-ft.
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