Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 16th February 2017, 16:59   #1966
BHPian
 
redcruiser's Avatar
 
Join Date: Apr 2016
Location: Bangalore
Posts: 205
Thanked: 197 Times
Default Re: The Property / Real Estate Thread

Dear all Bhpians,
Looking for 2/2.5 BHk in and around whitefield,Bangalore. As my office is in whitefield that is the sole reason for consideration. Not sure when the Metro station will be operative in this area. Any good properties that you know off which is good and free of all the legal tussles.
redcruiser is offline   Reply With Quote
Old 17th February 2017, 06:57   #1967
BHPian
 
Join Date: Aug 2012
Location: Bangalore
Posts: 133
Thanked: 88 Times
Default Re: The Property / Real Estate Thread

Quote:
Originally Posted by vinay kamath View Post
Subraiyr, please recheck how safe are the builder's rights and land titles.A few years ago, buyers of homes in Vaishnavi's luxury apartment towers in RMV 2nd stage, found themselves in an irretrievable legal soup, in a high court case, as they were held as not original senior genuine members of a cooperative society that owned the land. Each apartment costed above Rs 3 crores. They lost badly. The builder can again clarify to you about this case' history. All that glitters is not gold.
Dear all

Thanks to each one of you for providing your inputs. We have decided to put it on the backburner for now. The driving reason is the floor availability. My parents who are a bit aged will stay with us and 14th floor is definitely high for them to be living in. Anything in single digits would be fine

If any of you have any recommendations of good properties up for sale, do let me know as i am looking to move in to my own residence by June of this year

Thanks again
subraiyr is offline   Reply With Quote
Old 18th February 2017, 09:38   #1968
BHPian
 
Join Date: Aug 2009
Location: Chennai
Posts: 162
Thanked: 18 Times
Default Re: The Property / Real Estate Thread

Booked a Three BHK - 2159 Sq.Ft. Apt at Yelahanka under a 3.99% scheme which Prestige properties was running.
Got a loan from HDFC at 3.99% for ten years. Looked to be a good deal and also this being a ready to move in property - Prestige Garden Bay.
rajinibm is offline   Reply With Quote
Old 18th February 2017, 10:49   #1969
BHPian
 
SyncNest's Avatar
 
Join Date: Jan 2015
Location: Hyderabad
Posts: 70
Thanked: 114 Times
Default Re: The Property / Real Estate Thread

Not sure if this is right thread for my query -

Looks like we can invest in REITs this year. Being very liquid, wouldn't it make sense as an investment. Of course, if we are buying a home for staying, there's no trade off. What is the risk do you guys foresee in investing in REITs?
SyncNest is offline   Reply With Quote
Old 18th February 2017, 18:19   #1970
Senior - BHPian
 
NetfreakBombay's Avatar
 
Join Date: Jan 2008
Location: Bombay
Posts: 1,375
Thanked: 315 Times
Default Re: The Property / Real Estate Thread

Quote:
Originally Posted by rajinibm View Post
Booked a Three BHK - 2159 Sq.Ft. Apt at Yelahanka
Hi, what is the per-square-foot rate and total cost of apartment in this project ?
NetfreakBombay is offline   Reply With Quote
Old 18th February 2017, 21:26   #1971
BHPian
 
Join Date: Aug 2009
Location: Chennai
Posts: 162
Thanked: 18 Times
Default

In the scheme the price per sq ft paid was Rs.5000. The cost excluding registration came to around 1.12 odd Cr. On a ten year loan tenure at 3.99% vs current rates the savings came close to 28 lakhs.
rajinibm is offline   Reply With Quote
Old 4th March 2017, 07:43   #1972
BHPian
 
Join Date: Mar 2016
Location: Bangalore
Posts: 42
Thanked: 6 Times
Default

All equitable mortgages are supposed to be registered with CERSAI. It provides a public search service for a fee of Rs. 10.

Has anyone managed to search for a property and get a valid report?

The search fields, like pincode and survey number of property, are not very unique. I could not get the details of my mortgaged property from the search. A search with owner names or PAN would have been much more unique.
vinodh_eee is offline   Reply With Quote
Old 6th March 2017, 22:17   #1973
Senior - BHPian
 
Mr.Boss's Avatar
 
Join Date: Mar 2011
Location: Chennai
Posts: 1,894
Thanked: 2,332 Times
Default Re: The Property / Real Estate Thread

Duplicating from here (Help with a home loan!)

Quote:
Need an urgent suggestion and direction

I'm looking to buy a 17 years old residential property through Bank e-Auction by next week. Property is Gram panchayat approved and all other documents were in order

1) Can I take loan against this property? (Home loan / mortgage loan)
a) HDFC denied stating loan stating "NPA properties cannot be funded"
b) ICICI denied stating either CMDA or DTCP approval required

2) If the answer to question 1 is 'YES'
a) Which banks do provide loan for bank auctioned properties?
b) How much % of market value can I avail loan (considering the age of property)
c) What will be the average ROI & tenure?

Thanks in advance.
Mr.Boss is offline   Reply With Quote
Old 10th March 2017, 13:48   #1974
Team-BHP Support
 
noopster's Avatar
 
Join Date: Feb 2010
Location: Pune
Posts: 8,628
Thanked: 9,103 Times
Default Re: The Property / Real Estate Thread

Cross-posting to an excellent thread which will be of interest to those owning or renting property in Bangalore.

Link
noopster is offline   Reply With Quote
Old 12th March 2017, 21:46   #1975
Senior - BHPian
 
vinay kamath's Avatar
 
Join Date: Mar 2011
Location: MUMBAIBANGALORE
Posts: 1,234
Thanked: 1,395 Times
Default Re: The Property / Real Estate Thread

3 'developers' shut shop, leave scores of investors in the lurch"
DH Bangalore 13.03.2017

No trace of promoters who were arrested and released on bail
The fate of thousands of families hangs in balance as real estate firms TGS Constructions, Dreamz Properties and Gruh Kalyan, have shut down all their offices across the city.

The three firms were managed by the same group of people comprising Sachin Naik, Mandeep Kaur, Disha Choudhary, Shataparni Majumdar, Siddharth and others. These companies placed advertisements in prominent dailies and local television channels, offering houses at low prices in prime locations.

The property owners, who have been running from pillar to post to get their money back, were in for a shock when they found that all the offices of the three companies were shut.
Please do read the entire article at
http://www.deccanherald.com/content/...hop-leave.html
vinay kamath is offline   Reply With Quote
Old 15th March 2017, 10:17   #1976
Distinguished - BHPian
 
condor's Avatar
 
Join Date: Jun 2006
Location: Speed-brkr City
Posts: 10,323
Thanked: 3,665 Times
Default Re: The Property / Real Estate Thread

Guidance value being tweaked in Bangalore. Higher demand areas will see a 5-10% increase, while lower demand areas will see a similar decrease.
condor is offline   Reply With Quote
Old 15th March 2017, 15:42   #1977
BHPian
 
earthian's Avatar
 
Join Date: Jan 2016
Location: Ahmedabad
Posts: 319
Thanked: 638 Times
Default Re: The Property / Real Estate Thread

Quote:
Originally Posted by vinay kamath View Post
3 'developers' shut shop, leave scores of investors in the lurch"
Has the state Govt enacted RERA? If so, have the regulators been appointed. Write to them if they have been. While they may not take up a pre RERA case, the least that they could do is forward the same to the Government to take action.
earthian is offline   Reply With Quote
Old 15th March 2017, 19:32   #1978
BHPian
 
Join Date: Feb 2017
Location: KA 18/KA 02
Posts: 388
Thanked: 857 Times
Default Re: The Property / Real Estate Thread

Quote:
Originally Posted by condor View Post
Guidance value being tweaked in Bangalore. Higher demand areas will see a 5-10% increase, while lower demand areas will see a similar decrease.
Full details are available here: http://stg.karnataka.gov.in/Pages/KA...ification.aspx

A few samples of the proposed rates;

Avenue Road - 2,30,700 (4,90,950)
KH Road - 1,00,000 (92,000)
Kanakapura Road - 1,16,300 (89,900)
Sheshadri Road - 1,99,200 (1,77,650)

PS: Old/2016 rates are given in parenthesis.

Source: http://epapervijayavani.in/epaper.ph...03-15&pageno=3

Last edited by dailydriver : 15th March 2017 at 19:36.
dailydriver is offline   Reply With Quote
Old 2nd May 2017, 10:16   #1979
BHPian
 
Join Date: May 2008
Location: Bangalore
Posts: 126
Thanked: 64 Times
Default Re: The Property / Real Estate Thread

I need guidance / advice about the flat I am in process of selling. I know it is more about personal choice but not having experienced the other aspects like staying in rented accommodation off late, it makes more difficult to come to a decision.

My background: Middle class family. I am working in IT field in Bangalore. Age in mid forties. Wife not working - so single income family. Son still in school. No other property in Bangalore.

My apartment : Small 2 BHK apartment in 4000 sqft. area with no extra amenities and is close to my son's school. Bought this apartment 11 years back and still in good condition. Stay is comfortable as of now. Had water issues but another bore-well was drilled and no water issues - as of now.

Why I am selling:

1. Plan to move to home town once the career in IT is over. Have a plot there - so I want to use the sale proceeds of the apartment sale to construct house there. I plan to give it on rent there and stay in rented house here. Post retirement, I plan to stay in the house in native.
2. Half the owners (who bought from the builder 11 years back) have left and have bought 3 BHK / villas etc. The new ones have not much interest in the apartment activities and keep to themselves.
3. Afraid if the bore-well dries up in future, there is no other way we can drill another one as it was the only point right next to apartment compound wall.
4. As the building ages, the resale value also "might" go down.

Considering my age as factor, I am not keen on buying a bigger apartment with amenities - say costing me around 70 lakhs+ or so. I do not want to burden myself with high EMIs with few more years of career left. I am thinking of staying in rented accommodation for another decade or so and move back to my home town.

With rentals increasing every year, shifting to another place so that the house is close to son's school and other factors, I am in dilemma whether to go ahead with my decision.

Please advice.
AltoLXI is offline   Reply With Quote
Old 2nd May 2017, 11:42   #1980
BHPian
 
Arjun Reddy's Avatar
 
Join Date: Jun 2013
Location: Bangalore
Posts: 747
Thanked: 818 Times
Default The Property / Real Estate Thread

@AltoLXI,For starters you are not that old. Go ahead sell this and buy an new apartment if finances permit. Your house in your native will be old if built now and rented till you retire. I guess you have a good 20 years to retirement. Closer to retirement you could sell your apartment and then construct the house.
Arjun Reddy is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
A trip out of Real estate to TEA ESTATE - Our Valparai vacation ch.nathan Travelogues 47 4th May 2012 16:00
Interesting website for availing discounts on bulk buying for cars, real estate etc. DCEite Shifting gears 0 6th September 2010 16:15


All times are GMT +5.5. The time now is 04:46.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks