Team-BHP > Shifting gears


Reply
  Search this Thread
983,453 views
Old 9th October 2018, 07:50   #2116
NPV
Distinguished - BHPian
 
NPV's Avatar
 
Join Date: Oct 2009
Location: Namma Bengaluru
Posts: 7,184
Thanked: 10,172 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by Lalvaz View Post
On a side note, will there be any issues driving a MH regd car in Bangalore? Will be here for 18 months.
Welcome to Bangalore

Since you're looking for a flat specifically in CV Raman Nagar, I'm assuming you decided based on work locations and mode of commute for you and spouse, kids school location, etc. Some of the interior locations around Kaggadasapura have narrow roads and there are traffic jams around the railway track, keep that in mind when deciding on the flat.

Regarding the MH registered car - as per the law you need to pay Life time tax in Karnataka if your stay extends beyond a year. Make sure you have some proof like PUC certificate, fuel bills, toll receipts, etc from your current location (Mumbai ?) that will help prove your date of relocation to Bangalore.
NPV is offline  
Old 9th October 2018, 23:36   #2117
Senior - BHPian
 
Join Date: Jul 2006
Location: Bombay
Posts: 1,404
Thanked: 2,152 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by NPV View Post
Welcome to Bangalore

Since you're looking for a flat specifically in CV Raman Nagar, I'm assuming you decided based on work locations and mode of commute for you and spouse, kids school location, etc. Some of the interior locations around Kaggadasapura have narrow roads and there are traffic jams around the railway track, keep that in mind when deciding on the flat.

Regarding the MH registered car - as per the law you need to pay Life time tax in Karnataka if your stay extends beyond a year. Make sure you have some proof like PUC certificate, fuel bills, toll receipts, etc from your current location (Mumbai ?) that will help prove your date of relocation to Bangalore.
Thanks for the quick reply. I will be visiting Bombay by the car frequently during the 18 months, hence the proof of fuel bills, toll receipts, PUC etc should not be a problem. Hope the RTO in Bangalore doesnt harass me too much.
Lalvaz is offline  
Old 10th October 2018, 08:55   #2118
Distinguished - BHPian
 
Rajeevraj's Avatar
 
Join Date: Aug 2011
Location: Bangalore
Posts: 4,592
Thanked: 17,582 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by Lalvaz View Post
I've recently relocated to Bangalore. Looking for a flat on rent or ownership around CV Raman Nagar. Any leads will be appreciated.

On a side note, will there be any issues driving a MH regd car in Bangalore? Will be here for 18 months.
If you plan to be here only for 18 months, does not really make sense to buy. Would be better to get a nice place for rent. Will work out far cheaper. Even if you have long term plans, would suggest to rent first, get a sense of the areas, prices and your requirements and then take a call.
Rajeevraj is offline  
Old 10th October 2018, 09:54   #2119
BHPian
 
drive2eternity's Avatar
 
Join Date: Jun 2015
Location: Bangalore
Posts: 414
Thanked: 1,830 Times
Re: The Property / Real Estate Thread

Hello folks,

We have just began searching for an apartment in Bangalore and as per current research, it seems highly likely that we may end up buying a resale property (2-3 years old). Now, this would be a first time experience for me as earlier the purchases were always, directly from the builder.
In case of purchase of a resale property, what is the due diligence to be followed? Should I involve a lawyer? I would be taking around 60% loan and am planning to go to the bank this weekend to begin that conversation. Does the due diligence done by bank suffice?

Also, does anyone know a good lawyer between Marathahalli and Whitefield who can be of help here (of course for a fee).

Sorry for so many questions.
drive2eternity is offline  
Old 10th October 2018, 20:38   #2120
BHPian
 
sumzup's Avatar
 
Join Date: Mar 2015
Location: Bangalore
Posts: 162
Thanked: 140 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by drive2eternity View Post
Hello folks,

We have just began searching for an apartment in Bangalore and as per current research, it seems highly likely that we may end up buying a resale property (2-3 years old). Now, this would be a first time experience for me as earlier the purchases were always, directly from the builder.
In case of purchase of a resale property, what is the due diligence to be followed? Should I involve a lawyer? I would be taking around 60% loan and am planning to go to the bank this weekend to begin that conversation. Does the due diligence done by bank suffice?

Also, does anyone know a good lawyer between Marathahalli and Whitefield who can be of help here (of course for a fee).

Sorry for so many questions.
Hi
1. Please involve the advocate as it will help you with the "to-do" list. As it is a resale, it might be prudent to get a advocate.
2. Of course, the bank will ask you to bring in the property papers (normally it is a big book) or they may approach the builder depending upon the bank. The bank will also take a legal opinion before loan approval and disbursement so it might be okay to go with them.
3. I'm sorry, won't be of any help on the advocate's reference in those areas.
Cheers
sumzup is offline  
Old 11th October 2018, 08:17   #2121
BHPian
 
Join Date: Dec 2009
Location: Bengaluru
Posts: 518
Thanked: 814 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by drive2eternity View Post
In case of purchase of a resale property, what is the due diligence to be followed?.
1. Get the apartment inspected thoroughly by a mason.
2. Get an EC.
3. Check with apartment owners association if all bills are paid
4. Ask your bank to share the internal and external technical report.
5. Ask for the parking allotment letter.

Hold off paying the last 1 lakh till all of the issues have been fixed.
vinu_h is offline  
Old 11th October 2018, 09:36   #2122
Team-BHP Support
 
Join Date: Feb 2004
Location: Bangalore
Posts: 14,809
Thanked: 27,592 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by drive2eternity View Post

Also, does anyone know a good lawyer between Marathahalli and Whitefield who can be of help here (of course for a fee).

Sorry for so many questions.
I know a good lawyer but in Indiranagar - they handled a sale of my Whitefield property recently. PM me if you need the details
ajmat is offline  
Old 12th October 2018, 01:04   #2123
Senior - BHPian
 
Jaguar's Avatar
 
Join Date: May 2006
Location: Bangalore
Posts: 1,191
Thanked: 2,472 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by drive2eternity View Post
Should I involve a lawyer? I would be taking around 60% loan and am planning to go to the bank this weekend to begin that conversation. Does the due diligence done by bank suffice?

Banks are mainly bothered about your repaying capacity. Better you get everything checked by a good lawyer.


Quote:
Originally Posted by vinu_h View Post
3. Check with apartment owners association if all bills are paid

Some banks ask for NOC from the apartment association. Get it even if the bank doesn't ask.
Check on who's name the Katha is. If it is still under the builder's name, you would need to pay for two transfers, first to the previous owner and then to your name.


Quote:
Originally Posted by ajmat View Post
I know a good lawyer but in Indiranagar - they handled a sale of my Whitefield property recently. PM me if you need the details

I too know a good lawyer who helped with my property registration,. again in Indiranagar. Maybe the same guy ajmat is talking about. PM me for details.
Jaguar is offline  
Old 12th October 2018, 08:03   #2124
BHPian
 
drive2eternity's Avatar
 
Join Date: Jun 2015
Location: Bangalore
Posts: 414
Thanked: 1,830 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by sumzup View Post
Hi
Thanks sumzup.

Quote:
Originally Posted by vinu_h View Post
Hold off paying the last 1 lakh till all of the issues have been fixed.
Thanks Vinu.

Quote:
Originally Posted by ajmat View Post
I know a good lawyer but in Indiranagar - they handled a sale of my Whitefield property recently. PM me if you need the details
Thanks Ajmat, going to PM you shortly.

Quote:
Originally Posted by Jaguar View Post
Check on who's name the Katha is. If it is still under the builder's name, you would need to pay for two transfers, first to the previous owner and then to your name.


I too know a good lawyer who helped with my property registration,. again in Indiranagar. Maybe the same guy ajmat is talking about. PM me for details.
Thanks Jaguar. I was told that most katha documents are in Kannada so in that case I would definitely need a lawyer to verify them. Going to PM you shortly. Thanks.
drive2eternity is offline  
Old 12th October 2018, 08:31   #2125
Senior - BHPian
 
Join Date: Apr 2014
Location: Bengaluru
Posts: 1,101
Thanked: 2,312 Times
Re: The Property / Real Estate Thread

For people looking at buying property in Bangalore, there is a property expo organized from today until Sunday. Details as below :

Event : Property Expo 2018
Venue : National High School Grounds, Basavanagudi, Bangalore
Dates : 12, 13 and 14 October (from 10 AM to 7 pm).

Last edited by TorqueyTechie : 12th October 2018 at 08:40.
TorqueyTechie is offline  
Old 14th October 2018, 06:53   #2126
BANNED
 
Join Date: Jan 2014
Location: mum, kolkata
Posts: 1,230
Thanked: 1,629 Times
Re: The Property / Real Estate Thread

Quote:
Originally Posted by am1m View Post
Thank you! Real seller experiences are worth their weight in gold. Almost everyone has a buying experience to narrate. And all of us assume that we know what it takes to sell as well. To hear from an individual (not involved in the real estate profession) who is trying to sell a piece of personal property is very rare. But at some point I think a lot of us will be in that position and it would be good to know what to expect. Do keep us posted.
Thanks - will do so. Keeping fingers crossed for an early and reasonable conclusion!
shashanka is offline  
Old 14th October 2018, 16:20   #2127
BHPian
 
GameOfCars's Avatar
 
Join Date: Sep 2015
Location: Chd/Leicester
Posts: 76
Thanked: 815 Times
Re: The Property / Real Estate Thread

A shout-out to all Team-bhp members from Goa. We have two 2 bedroom apartments in North Goa (AWHO Complex Harbans Vihar) which we need to sale off urgently as we have picked up another property in Chandigarh and need to pay for it from the sale of the Goa flats in the coming months.

I would really appreciate if someone can forward any good property dealer/brokers details based there. I'm already putting out the advertisement for the sale on some real estate online portals. Your help would be greatly appreciated. Thanks.
GameOfCars is offline  
Old 22nd October 2018, 22:27   #2128
Distinguished - BHPian
 
condor's Avatar
 
Join Date: Jun 2006
Location: Speed-brkr City
Posts: 15,804
Thanked: 15,842 Times
Re: The Property / Real Estate Thread

Furnished accommodation for a family in Viman Nagar, Pune :


A close pal is letting out his furnished apartment for rent in Pune. The place is nicely done up, and is quite close to Phoenix mall, the airport, Symbiosis etc.

If any one is interested, please let me know.
condor is online now  
Old 27th October 2018, 15:27   #2129
BHPian
 
Join Date: Jan 2016
Location: Gurgaon
Posts: 27
Thanked: 15 Times
Re: The Property / Real Estate Thread

Hello Folks!

I am planning to buy an apartment 2.5 or 3 BHK for personal use in Gurgaon. Me and my wife have been searching for right property since last 4 months and almost every weekend we head out for search.
All this search has increased our confusion as the property worth and value seems miles apart.
So just posting to know if any fellow bhpian has used the services or any trusted broker/advisor in Gurgaon
Ambersariya87 is offline  
Old 12th November 2018, 18:29   #2130
BHPian
 
rovingeye's Avatar
 
Join Date: Nov 2018
Location: New Delhi
Posts: 349
Thanked: 927 Times
Re: The Property / Real Estate Thread

Hi Friends,

I have a 3.5 BHK, brand spanking new apartment in Raheja Vistas Premiere (builder is K Raheja Corp), NIBM Road, Pune that I want to sell off. Its ready to move and in my personal opinion, it's an awesome apartment.

I had planned on moving to Pune from polluted Delhi sometime soon, but, those plans are looking untenable at the moment. Hence, the need to sell.

Please PM if there is any interest for further details.
rovingeye is offline  
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2024, Team-BHP.com
Proudly powered by E2E Networks