Need Review on Swapnlok property near kalepadal hadapsar Pune .Any Idea about how is the area. Rate is 3300/sqft Need suggestion ASAP
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2BHK in Fursungi Swapnlok near Dreams Akriti
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Penna cement
HI,
Does anyone know how good "PENNA" OPC cement is? Is this a good cement for constructing MSB's (especially 53 grade) .. If someone has used it or know some information please do share... I am quoted 300rs per bag... Please let me know the best price for PENNA 53 GRADE OPC cement is?
Does anyone know how good "PENNA" OPC cement is? Is this a good cement for constructing MSB's (especially 53 grade) .. If someone has used it or know some information please do share... I am quoted 300rs per bag... Please let me know the best price for PENNA 53 GRADE OPC cement is?
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Extra Demand from GN authority
Pls sign petition against this demand...90 ppl already signed..
http://www.change.org/en-IN/petition...k-extra-amount
http://www.change.org/en-IN/petition...k-extra-amount
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Special scheme from Builders
Hi guys, can you list any scheme builders on Noida expressway might have came up with recently? Thanks.
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E-City Ph-1 Hiranandani and land owner Sold 10- Acres Project to INFOSYS.
Its confirmed . Hirandani's upcoming commercial project has been purchased by infosys last week and registration also over.
Infosys purchased the entire 10 Acre commercial project with approved plan from Hiranandani and Landowner ( Bifora) , infosys expanding their operations in E'City Phase. -1
Infosys purchased the entire 10 Acre commercial project with approved plan from Hiranandani and Landowner ( Bifora) , infosys expanding their operations in E'City Phase. -1
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Components to include in House Cost for LTCG calculation
Hi All. Please advice urgently -
What all can be included in the cost of the house while calculating LTCG on sale of house?
1. Registered cost of house
2. Interest paid on home loan uptill possession date
3. Registry cost and brokerage charges for sale
4. Cost of wood work & electricals
What all can be included in the cost of the house while calculating LTCG on sale of house?
1. Registered cost of house
2. Interest paid on home loan uptill possession date
3. Registry cost and brokerage charges for sale
4. Cost of wood work & electricals
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Sell flat before registration process
Dear Sir,
We have booked a flat in Trivandrum last year . now flat is ready and the Registration process is due this month.
and i have relocating to Gujarat state, because of my posting-transfer .
now i have to sell this flat to the new buyer, so new buyer can registered directly from builder.
i have asked from builder, they are allowing for this.
The flat was finance thro a sbi home loan for 28 lakhs & the remaining down-payment was 10 lakhs
but problem is :
new buyer is ready to continue my exiting loan, but SBI home-loan is not allowing to transfer the loan without registration.
now how to come out from this problem.
.thanks
We have booked a flat in Trivandrum last year . now flat is ready and the Registration process is due this month.
and i have relocating to Gujarat state, because of my posting-transfer .
now i have to sell this flat to the new buyer, so new buyer can registered directly from builder.
i have asked from builder, they are allowing for this.
The flat was finance thro a sbi home loan for 28 lakhs & the remaining down-payment was 10 lakhs
but problem is :
new buyer is ready to continue my exiting loan, but SBI home-loan is not allowing to transfer the loan without registration.
now how to come out from this problem.
.thanks
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RBI debars upfront 80:20 loans for flats - TOI
MUMBAI: The RBI has barred banks from giving upfront loans for under-construction projects through schemes like 80:20. Providing such loans help a bank as they are classified as mortgage and not construction finance which is considered a risky business by the RBI and requires higher provisioning. The builder too gains as home loans are far cheaper than construction loans.
According to bank sources, nearly 25% of loan disbursements for new flats in Mumbai are under such schemes. While builders said the RBI's move would hit economic growth, HDFC chairman Deepak Parekh had recently spoken out against such schemes. "As a basic tenet, construction finance entails higher risks and, therefore, such risks have to be built into the pricing. Construction finance should not, through any innovative structuring, be available to developers at the rate of interest being offered on individual home loans. Further, to pay upfront construction finance to developers even before the ground is broken is dangerous," Parekh warned.
Some feel the RBI's decision will bring down prices. "It is a good decision as the government has sought to warn buyers who are tempted by the attractive 80:20 scheme, thinking they are getting a good discount. In reality, this scheme is quite complicated and does not clarify how much discount the developer is giving the buyer. The RBI's decision will force developers and banks to be more transparent in explaining the benefits of the scheme to buyers. It will force developers to give a prospective buyer a discount upfront instead of spreading it across 2 to 3 years as in the 80:20 scheme," said Sanjay Dutt, executive managing director at global property consultants Cushman and Wakefield. But builders are greatly upset by the move. "It's ironic that the government believes the middleclass, which avails of loans to buy its dream home, to be a risk, but not the five major industrial houses who, between them, have an exposure of Rs 5 lakh crore of public money. The RBI obviously thinks it is extremely important for it to stifle the economic growth of a company by taking such decisions," said Vimal Shah, managing director of Hubtown and president of the Maharashtra Chamber of Housing Industry. He also questioned the need for RBI governor D Subbarao to take the decision on his last day in office.
Sanjay Chhabria, MD, Wadhwa Group, said, "The RBI's decision is in no way helping the real estate industry. On the one hand, the bank says it wants to fund the end user, and make the property affordable to them. On the other, it is taking every step that increases the cost of property by not granting approvals quickly and charging high interest."
According to bank sources, nearly 25% of loan disbursements for new flats in Mumbai are under such schemes. While builders said the RBI's move would hit economic growth, HDFC chairman Deepak Parekh had recently spoken out against such schemes. "As a basic tenet, construction finance entails higher risks and, therefore, such risks have to be built into the pricing. Construction finance should not, through any innovative structuring, be available to developers at the rate of interest being offered on individual home loans. Further, to pay upfront construction finance to developers even before the ground is broken is dangerous," Parekh warned.
Some feel the RBI's decision will bring down prices. "It is a good decision as the government has sought to warn buyers who are tempted by the attractive 80:20 scheme, thinking they are getting a good discount. In reality, this scheme is quite complicated and does not clarify how much discount the developer is giving the buyer. The RBI's decision will force developers and banks to be more transparent in explaining the benefits of the scheme to buyers. It will force developers to give a prospective buyer a discount upfront instead of spreading it across 2 to 3 years as in the 80:20 scheme," said Sanjay Dutt, executive managing director at global property consultants Cushman and Wakefield. But builders are greatly upset by the move. "It's ironic that the government believes the middleclass, which avails of loans to buy its dream home, to be a risk, but not the five major industrial houses who, between them, have an exposure of Rs 5 lakh crore of public money. The RBI obviously thinks it is extremely important for it to stifle the economic growth of a company by taking such decisions," said Vimal Shah, managing director of Hubtown and president of the Maharashtra Chamber of Housing Industry. He also questioned the need for RBI governor D Subbarao to take the decision on his last day in office.
Sanjay Chhabria, MD, Wadhwa Group, said, "The RBI's decision is in no way helping the real estate industry. On the one hand, the bank says it wants to fund the end user, and make the property affordable to them. On the other, it is taking every step that increases the cost of property by not granting approvals quickly and charging high interest."
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Help - Omkar Veda
How good is the project called Omkar Veda ?
Apparently the builder has sold out all inventory in this property, however there is quite a few inventory in secondary market by investors.
I am being told that investors are selling just to realise profit and invest somewhere else. However some sources say that Omkar Veda is not a safe project to invest as the delivery dates have kept on moving, apparently rumours say that the delivery wont be anytime sooner than next Diwali.
Also I do not understand why are people/investors offering a discounted prices compared to that area being sold at much higher premium (roughly 20-30%), makes me feel that there is something wrong.
Any help would be much appreciated. Suggestions for other properties in around that area would be most welcome.
Thanks
Apparently the builder has sold out all inventory in this property, however there is quite a few inventory in secondary market by investors.
I am being told that investors are selling just to realise profit and invest somewhere else. However some sources say that Omkar Veda is not a safe project to invest as the delivery dates have kept on moving, apparently rumours say that the delivery wont be anytime sooner than next Diwali.
Also I do not understand why are people/investors offering a discounted prices compared to that area being sold at much higher premium (roughly 20-30%), makes me feel that there is something wrong.
Any help would be much appreciated. Suggestions for other properties in around that area would be most welcome.
Thanks
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Resale extra payment fraud
Hi All,
One of my fried is in big problem. He bought a resale 2BHK in noida. Total deal was of around 30,50,000 rs. 26,50,000 was actual buying price on which transfer was done and 4L was in black/white combination.
Now since he didn't had enough of these money so he want for a loan of 20L. He made a draft of additional 6,50,000 (26,50,000-20,00,000) before the deal in rest 4L ( in cash or separate draft).
Till resale time around 16,50,000 payment was done to builder. bank went to the builder and my fried also went to the builder to check how much payment is done. Builder provided a print out in a blank paper stating each an every payment received with details of transaction. Out of them one transaction was bounced. Value of that transaction was (2,50,000). At the end of the transaction table sum of total amount received was mentioned as 19,00,000 instead of 16,50,000 (bounced transaction was getting added wrongly). Now my friend and bank both missed this detail that one transaction is mentioned as bounced . Bank made the cheque of 12,50,000 (19,00,000-6,50,000) in favour of seller and gave it to him.
Later when my friend got last demands then things became clear that 2,50,000 has been paid extra to the seller. he went around and around the back to see the originals. bank said in plain and simple language that my friend has given a signed copy of a document that he wants to pay seller that much amount of money so they are not wrong legally and they will not compensate for the loss. they also said accepted their mistake verbally but not ready to act since legally they are strong.
My friend went to the builder and builder said that they don't provide such detail in any letter head or signed copy so they are also not liable.
Now that guy seller is lost some where. though my fried arranged his phone number from the broker and he tried to talk to him over phone buy is completely rejecting that he has done any transaction of this sort. He said though the name is same but he is different person.
I need advice from seniors to help in this case. If necessary advice then PM me. My friend arranged all those case with his father's PF and he is not very strong financially. Any advice will be helpful.
I also wanted to make this case visible to all members of IREF
One of my fried is in big problem. He bought a resale 2BHK in noida. Total deal was of around 30,50,000 rs. 26,50,000 was actual buying price on which transfer was done and 4L was in black/white combination.
Now since he didn't had enough of these money so he want for a loan of 20L. He made a draft of additional 6,50,000 (26,50,000-20,00,000) before the deal in rest 4L ( in cash or separate draft).
Till resale time around 16,50,000 payment was done to builder. bank went to the builder and my fried also went to the builder to check how much payment is done. Builder provided a print out in a blank paper stating each an every payment received with details of transaction. Out of them one transaction was bounced. Value of that transaction was (2,50,000). At the end of the transaction table sum of total amount received was mentioned as 19,00,000 instead of 16,50,000 (bounced transaction was getting added wrongly). Now my friend and bank both missed this detail that one transaction is mentioned as bounced . Bank made the cheque of 12,50,000 (19,00,000-6,50,000) in favour of seller and gave it to him.
Later when my friend got last demands then things became clear that 2,50,000 has been paid extra to the seller. he went around and around the back to see the originals. bank said in plain and simple language that my friend has given a signed copy of a document that he wants to pay seller that much amount of money so they are not wrong legally and they will not compensate for the loss. they also said accepted their mistake verbally but not ready to act since legally they are strong.
My friend went to the builder and builder said that they don't provide such detail in any letter head or signed copy so they are also not liable.
Now that guy seller is lost some where. though my fried arranged his phone number from the broker and he tried to talk to him over phone buy is completely rejecting that he has done any transaction of this sort. He said though the name is same but he is different person.
I need advice from seniors to help in this case. If necessary advice then PM me. My friend arranged all those case with his father's PF and he is not very strong financially. Any advice will be helpful.
I also wanted to make this case visible to all members of IREF
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Resale extra payment fraud
Hi All,
One of my fried is in big problem. He bought a resale 2BHK in noida. Total deal was of around 30,50,000 rs. 26,50,000 was actual buying price on which transfer was done and 4L was in black/white combination.
Now since he didn't had enough of these money so he want for a loan of 20L. He made a draft of additional 6,50,000 (26,50,000-20,00,000) before the deal in rest 4L ( in cash or separate draft).
Till resale time around 16,50,000 payment was done to builder. bank went to the builder and my fried also went to the builder to check how much payment is done. Builder provided a print out in a blank paper stating each an every payment received with details of transaction. Out of them one transaction was bounced. Value of that transaction was (2,50,000). At the end of the transaction table sum of total amount received was mentioned as 19,00,000 instead of 16,50,000 (bounced transaction was getting added wrongly). Now my friend and bank both missed this detail that one transaction is mentioned as bounced . Bank made the cheque of 12,50,000 (19,00,000-6,50,000) in favour of seller and gave it to him.
Later when my friend got last demands then things became clear that 2,50,000 has been paid extra to the seller. he went around and around the back to see the originals. bank said in plain and simple language that my friend has given a signed copy of a document that he wants to pay seller that much amount of money so they are not wrong legally and they will not compensate for the loss. they also said accepted their mistake verbally but not ready to act since legally they are strong.
My friend went to the builder and builder said that they don't provide such detail in any letter head or signed copy so they are also not liable.
Now that guy seller is lost some where. though my fried arranged his phone number from the broker and he tried to talk to him over phone buy is completely rejecting that he has done any transaction of this sort. He said though the name is same but he is different person.
I need advice from seniors to help in this case. If necessary advice then PM me. My friend arranged all those case with his father's PF and he is not very strong financially. Any advice will be helpful.
I also wanted to make this case visible to all members of IREF
One of my fried is in big problem. He bought a resale 2BHK in noida. Total deal was of around 30,50,000 rs. 26,50,000 was actual buying price on which transfer was done and 4L was in black/white combination.
Now since he didn't had enough of these money so he want for a loan of 20L. He made a draft of additional 6,50,000 (26,50,000-20,00,000) before the deal in rest 4L ( in cash or separate draft).
Till resale time around 16,50,000 payment was done to builder. bank went to the builder and my fried also went to the builder to check how much payment is done. Builder provided a print out in a blank paper stating each an every payment received with details of transaction. Out of them one transaction was bounced. Value of that transaction was (2,50,000). At the end of the transaction table sum of total amount received was mentioned as 19,00,000 instead of 16,50,000 (bounced transaction was getting added wrongly). Now my friend and bank both missed this detail that one transaction is mentioned as bounced . Bank made the cheque of 12,50,000 (19,00,000-6,50,000) in favour of seller and gave it to him.
Later when my friend got last demands then things became clear that 2,50,000 has been paid extra to the seller. he went around and around the back to see the originals. bank said in plain and simple language that my friend has given a signed copy of a document that he wants to pay seller that much amount of money so they are not wrong legally and they will not compensate for the loss. they also said accepted their mistake verbally but not ready to act since legally they are strong.
My friend went to the builder and builder said that they don't provide such detail in any letter head or signed copy so they are also not liable.
Now that guy seller is lost some where. though my fried arranged his phone number from the broker and he tried to talk to him over phone buy is completely rejecting that he has done any transaction of this sort. He said though the name is same but he is different person.
I need advice from seniors to help in this case. If necessary advice then PM me. My friend arranged all those case with his father's PF and he is not very strong financially. Any advice will be helpful.
I also wanted to make this case visible to all members of IREF
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suggestion on property in Ravet, PS, Wakad..
Hello experts,
I am looking to buy 2 BHK or 2.5 BHK from the end user perspective, in areas close to wakad, pimple saudagar, Ravet or near by dange chowk.
My total budget is around 55L(inclusive of everything)
Need you suggestions on ongoing projects and pros and cons of the same.
Thanks in advance.
I am looking to buy 2 BHK or 2.5 BHK from the end user perspective, in areas close to wakad, pimple saudagar, Ravet or near by dange chowk.
My total budget is around 55L(inclusive of everything)
Need you suggestions on ongoing projects and pros and cons of the same.
Thanks in advance.
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Noida Sector 77 Bad News: HT Front Page News: 04th Sept 2013
Whiff of scam in Noida Land Deal
Without formally acquiring it for the purpose, the Noida authority had allotted about 140,000 SQM of land to seven realtors for constructing high rise buildings in sector 77.
The land was being used by the villagers as a grazing area for their cattle. HT has the copy of the response to two RTI applications, which were provided by GB DM and the Noida Authority. The seven contruction companies are about to give posession of about 5000 flats to home buyers as they have already completed their contruction work. The landowners are likely to file a petition in the Allahabad High Court against the builders....
Read the attachment..
Without formally acquiring it for the purpose, the Noida authority had allotted about 140,000 SQM of land to seven realtors for constructing high rise buildings in sector 77.
The land was being used by the villagers as a grazing area for their cattle. HT has the copy of the response to two RTI applications, which were provided by GB DM and the Noida Authority. The seven contruction companies are about to give posession of about 5000 flats to home buyers as they have already completed their contruction work. The landowners are likely to file a petition in the Allahabad High Court against the builders....
Read the attachment..
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K8 developer new project sec 129 noida
jaypee sold another chunk of 8 acre in front of Kresent and K8 group has come with commercial and residential project in this . project looks awesome by design includes multiplex ,hypermarket,high end retail ,clubs,studios and high end apartments also .
shops are selling for 18900 psf any thoughts on this as investment .
shops are selling for 18900 psf any thoughts on this as investment .
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solitaire Divine Dhakoli Zirakpur
I have invested in the project Solitaire Divine, Dhakoli, Zirakpur, Punjab (Builder Divine Associates of Noida who have a project named Divine Meadows in Noida). I booked a 3BHK flat in Sep-11. The project was committed to be completed by Mar-12. However even after passing of 18 months from committed possession date, I have not been able to obtain possession due to several issues such as no electricity connection, non-functional lifts, water supply issues, external road, etc.
I invite other flat owners of this project to join this discussion to have some common platform for discussion about the project Solitaire Divine.
I invite other flat owners of this project to join this discussion to have some common platform for discussion about the project Solitaire Divine.
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Bhoomi Gardenia - I Roadpali
Hi
I am planning to book a 2 BHK Flat in Bhoomi Gardenia-I , Roadpali .... can i get some feedback about the project and future of Roadpali Area .
Rates : 5200 Rs/sqft (Builder rates are 6000 ) , total cost of 2 BHK flat inculding parking etc will be around 65-70 Lacs .
Area :1115 Sq Ft : Floor Plan is good with L shape living room decent size balcony.
Possession : Seeing the construction seems like by Dec 2013 (Builder is saying by Dewali this year)
Request you to kindly send your valuable suggesations on the same ....
Thanks in advance :)
I am planning to book a 2 BHK Flat in Bhoomi Gardenia-I , Roadpali .... can i get some feedback about the project and future of Roadpali Area .
Rates : 5200 Rs/sqft (Builder rates are 6000 ) , total cost of 2 BHK flat inculding parking etc will be around 65-70 Lacs .
Area :1115 Sq Ft : Floor Plan is good with L shape living room decent size balcony.
Possession : Seeing the construction seems like by Dec 2013 (Builder is saying by Dewali this year)
Request you to kindly send your valuable suggesations on the same ....
Thanks in advance :)
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Excellency Tower - Borivali East
Hi ..anybody invested in pre pre launch project ???? - Excellency tower, Its redevelopment project of Rahaman Ganesh society, Kulupwadi Road borivali East
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Hello
Hello All
I am a new member of this forum, though i have been reading the threads since quite some time now.
I just want to say hello to all.
Regards
I am a new member of this forum, though i have been reading the threads since quite some time now.
I just want to say hello to all.
Regards
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Flat rates are set to decrease!!!
Here is what i found while going through times of india today.
Slowdown in real estate forces builders to cut prices
http://content..com/slowdown-in-real-estate-forces-builders-to-cut-prices/
have to modify link as "content.magic bricks . com" (without spaces) in order to open the link..it does nt let me do that
According to this, should new buyers like me, wait for this to happen in bangalore?? Need experts opinion.
Slowdown in real estate forces builders to cut prices
http://content..com/slowdown-in-real-estate-forces-builders-to-cut-prices/
have to modify link as "content.magic bricks . com" (without spaces) in order to open the link..it does nt let me do that
According to this, should new buyers like me, wait for this to happen in bangalore?? Need experts opinion.
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Gas-guzzling government talks austerity, burns crores
Extract of report from TOI about how money gets wasted by inefficient and negligent planning and utilisation:
While ministers toy with all kinds of ideas to curb consumption of oil, including bizarre ones such as shutting down petrol pumps at night, it might help if they looked inwards. For, the biggest and most profligate oil consumer in the country is the government itself.
Petrol flows like water in the government. Not just ministers and officials of the central and state governments, even PSUs and other government agencies don't have a limit on petrol/diesel consumption. Procuring any data on the fuel bill of the government is impossible because - believe it or not - no tab is kept on it. Ministries, for instance, club fuel with other "office expenses" (OE), which includes everything from stationery to toilet paper. The OE of the central government in Delhi was estimated at Rs 5,200 crore in 2011-12. A major chunk of this would be fuel.
Pumped up
Let's look at the use of staff cars by central ministers, secretaries, additional and joint secretaries, and directors based in the national capital.
There are 70 secretary-rank officers, 131 additional secretaries, 525 joint secretaries and 1,200 directors. Not all directors have a staff car but many do. If we take the secretaries, additional and joint secretaries, and just half the directors, and give them a modest entitlement of 200 litres of free petrol per month, the monthly consumption is 2.56 lakh litres.
This estimate is conservative because in reality, the petrol entitlement is limitless.
Read this link for full article:Gas-guzzling government talks austerity, burns crores - The Times of India
It seems that economic slowdown is for ordinary citizens only and not for everybody.
While ministers toy with all kinds of ideas to curb consumption of oil, including bizarre ones such as shutting down petrol pumps at night, it might help if they looked inwards. For, the biggest and most profligate oil consumer in the country is the government itself.
Petrol flows like water in the government. Not just ministers and officials of the central and state governments, even PSUs and other government agencies don't have a limit on petrol/diesel consumption. Procuring any data on the fuel bill of the government is impossible because - believe it or not - no tab is kept on it. Ministries, for instance, club fuel with other "office expenses" (OE), which includes everything from stationery to toilet paper. The OE of the central government in Delhi was estimated at Rs 5,200 crore in 2011-12. A major chunk of this would be fuel.
Pumped up
Let's look at the use of staff cars by central ministers, secretaries, additional and joint secretaries, and directors based in the national capital.
There are 70 secretary-rank officers, 131 additional secretaries, 525 joint secretaries and 1,200 directors. Not all directors have a staff car but many do. If we take the secretaries, additional and joint secretaries, and just half the directors, and give them a modest entitlement of 200 litres of free petrol per month, the monthly consumption is 2.56 lakh litres.
This estimate is conservative because in reality, the petrol entitlement is limitless.
Read this link for full article:Gas-guzzling government talks austerity, burns crores - The Times of India
It seems that economic slowdown is for ordinary citizens only and not for everybody.
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