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Apologies for going OT here :OT , I wanted to understand the concept of 99-year old lease vs freehold concept here. For example, apartments sold in Mahindra World City (Chennai/Jaipur) to buyers are in SEZ and come with a lease deed for 99 years.

I know that during the 99 year period, the buyer can sell to another buyer. But what happens after the 99 year lease expires? Does the buyer have to pay money to renew it?

While not a PDI, I will recommend getting the front door locks changed. During the course of construction multiple people have access and it was discovered that some clever people made duplicates of the keys and waited for more than a year to come and rob the resident.

I had prepared a list when I was looking for a place to rent in Mumbai.
Many people have given very good suggestions, so please excuse if you find that same suggestion repeating here
1) Power backup
2) Water availability and quality of water (borewell or corporation)
3) Market near by
4) Parking
5) Broadband cables
6) Gas connection (piped or cylinder)
7) Mobile network range
8) Leakage checking
9) Mosquitoes
10) Flooding in Rain

List I can think of:

1) Documents check through your lawyer. Don't believe Banks to verify for you, since some check for only 20-25yrs of Encumbrance.

2) In karnataka, you need to be careful about PTCL Act. Due to this act, a SC/ST land, though you buy by paying, the transaction is not valid as per law. Similarly, there will be several state laws governing it. Leave this to your lawyer always.

3) Never introduce your seller to your lawyer. Always take in writing about the legal opinion of the property.

4) Check for structural cracks in the building. It will be more wide than air cracks. You can google for images.

5) Ask for waterproofing photos of bathroom. Usually several builders skip it. You can't even make out for years as the roof of toilet is covered with grid false ceiling.

6) Tile laying can be checked by knocking, to check the hollow sounds. This is again tricky and varies by laying style.
one way is to first cement the whole area and then put tiles. By the time the tile is fixed, the cement would have initially set. This leads to poor fixation of the tile and would come out after few years.
Another way is to cement as you go. Better and reliable.

7) Check MCBs by powering down each and check if all works in some or the other area of the building.

8) Replace main door locks with new one.

All the above can be repaired, even if found later also, except the legal ones, which should always be a priority.

Poor papers, won't help you to sell during urgent times. Even I've been fooled twice.

1) Don't go by the encumbrance given by the seller. Always apply and obtain yourself from the register offices. Some sellers edit the encumbrance and xerox it.

2) Always try to pay by cheque, dd or online etc . Cash paid, should be paid only during the day of registration. Consult your lawyer for such transactions. Paying more than 2 lacs by cash will attract a penalty for you.

Good post and timely thread. Thanks to all the contributors. I will be taking possession of a flat soon and this will be of help.

Team-BHPians staying in higher floor, please confirm. Are higher floor flats free from mosquitoes? Also is there any advantage of taking higher floor (twelve and above) flats?

Hi,
Would be interesting to know the details of 3rd party you engaged.
Their website/app/contact details?

Well, its good the financial institution had good ethics.
In my case I had quite an unpleasant experience...

I met a potential seller of a flat. We had our regular rounds of negotiations. Arrived at a mutually agreed figure and finalized the dates as well.
Struck a deal!
Then called one "reputed" financial institution, for loan.
The representative asked to do evaluation, so took him to the flat.
That's when I fell for the trap.

After a few days, the seller declined to proceed with the deal, saying there was a change of heart, and that their family didn't want to sell!
I let it go believing him.

Later on, found the same flat was sold at a higher price!

At the time, didn't think the representative would be a broker in sheep skin. :Frustrati

A valuable lesson learnt.

This is a difficult one to pinpoint. I have stayed in 15th floor, 6th floor and currently in 2nd floor all in Bangalore. In all 3 locations, we had enough mosquitos in the complex.
In the 15th floor, it was a new building and we moved as first movers. The issue of mosquitoes were probably due to debris piling up, but i never could understand how a small insect could fly so high and come to the 15th floor. In the 6th floor and 2nd floor, my guess is more due to water stagnation in the balconies and sunshades from below apartments. Care is to be taken to remove all the debris that collect in sunshades. Else it does stop water flow and these creatures start infesting in stagnant water.

Advantages of higher floors - What a view !!!! Wind reduces your dependency on fans/ac. In the 15th floor we stayed, we never had a/c even in peak summer. The other big advantage is lower noise factor from the apartment peripheries, roads etc. People walking around the apartment, secruity guards tend to make a lot of noise and you are shielded from them. Also, from prying eyes of individuals who want to peak inside those big glass windows which have become a fashion now.

Disadvantages - The one thing i see as a big disadvantage is the price you pay. Floor rise charges start from 2nd to 4th floor and every floor above commands at least a 100 rupee per sq ft increase in premium apartments. Having paid so much, when you start to sell a few years down the line you can never negotiate with the buyer and charge floor rise charges. Your appreciation is limited to generic price appreciation in the locality. With this in mind i bought a second floor apartment. There is noise that seeps in, but then again it depends on how your apt is facing. The other thing i can see is the wait for elevators if you dont have enough lift banks to service the apartment block. In our apt, we have 1 lift that services 22 houses across floors. The wait time for elevators is very less. Given second floor, we invariably walk up and down rather than use the elevators unless there is some heavy lifting. If the apt does not have great power back up, then again you have issues of the elevators.

Cheers

We used an agency called Nemmadi. You can ask for a lady by name Divya. She was our contact. You can reach them in the below link. Drop in a query on their website and they respond fairly quickly. I do believe they do legal verification, but the best is to either use a real estate lawyer or in the absence of one, apply for a loan in banks such as HDFC, ICICI. The most thorough bank who did verification was SBI

https://www.nemmadi.in/

They are a reputed firm and i had a very good experience with them. Infact, about 50 of the owners in our apt used them and we got some good discounts. In addition to this, they also did a complete audit of the apartment complex which included common areas, utilities, power and water, construction work and a multitude of areas. Their report ran to about 6000 pages :eek:

Cheers
Subra

Mosquitoes- Have seen them even in 21st and 51st floor in Mumbai. Specifically for Bangalore uptill 15th floor faced them.

That must be local breeding. I read somewhere that mosquito can not fly high.

Today, thanks to RERA - the property market is a lot cleaner in many cities than earlier.
I assume any new project being handed over by the developer today will be registered under RERA - and the developer will have to keep everyone informed about approvals, plans, legal matters, along with providing guarantees on structure & waterproofing.

When taking handover:
- Checklist Sale Agreement for amenities promised vs provided
- Final copy of occupation certificate showing your unit
- Ask for a structural & MEP plan which would inform you about structural elements that cannot be touched during interior work & also the plumbing and wiring points so you can plan your interiors accordingly.
- Understand the areas that have been waterproofed (flower beds, bathrooms, etc.) And plumbing lines, so if there is any leakage - one can try and figure out the cause.
- Check if any preventive maintenance is required
- Area certification
- Process of society formation & conveyance

Hi All,

Have been evaluating kumar paradise B3 tower for quite sometime. The possession date is Dec 2025. It's a 2 BHK with garden facing balcony. The balcony plus terrace is being included in carpet and hence it comes Around 1100 something sft. For this the quote is around 1.25 cr. Pls pour in your ideas as to what could be the right price for this.

Mods, if you think this is not the right thread for this query, pls move accordingly. Thanks in advance for the help.