The Property / Real Estate Thread

benbsb29 · 29th April 2010, 11:54

To those who have availed a joint home loan :

Is a marriage certificate a mandatory requirement for 2 unrelated people to avail a joint home loan?

blackstallion76 · 29th April 2010, 12:18

I am looking for long-term investment on land near Bangalore.
I researched some of the places around BIA. There seems to be lot of good residential belt coming up around ITC Factory.

Private developers are too costly. But, I heard there are some sites from BSNL (Telecom Layout - 3 Phases). I am not sure if these are availale for sale.

Any info would be helpful.

zenx · 29th April 2010, 13:35

Have a 4003sqft plot available for sale in Eagle Ridge, off Begur Road (near NICE and between ECity/Bgta Road). If you (know people who) are interested, PM me please.

Jaguar · 10th May 2010, 14:32

Guys, if you are staying of know someone staying in Purva Fountainsquare, Marathahalli, Bangalore, please PM me your contact. I need some info.

Spitfire · 10th May 2010, 14:34

Quote:

Originally Posted by Jaguar

Guys, if you are staying of know someone staying in Purva Fountainsquare, Marathahalli, Bangalore, please PM me your contact. I need some info.

I think PatienceWins stays there. I know a couple of folks who stay there. PM PatienceWins and try.

benbsb29 · 10th May 2010, 14:46

@ Jaguar : PatienceWins does stay there. Its his own flat, IIRC.

Jaguar · 10th May 2010, 14:56

Thanks Spitfire and Benny. I had already PMed PatienceWins. Spoke to him a few min back.

ghodlur · 18th May 2010, 15:25

We are in the process of finalizing the rules and regulations of the Society and are stuck in the determination of maintenance charges. There are two opinions to this debate - one is to charge the maintenance on per flat basis and the other is to charge on per sq ft basis. One group is of the opinion that charging maintenance as per sq ft is illegal and should be done on per flat basis. There are counter arguments to this. Also there is a debate as to whether the open terrace area has to be taken as half for calculating the maintenance charges for the flat or it has to be taken 100% clubbed to the carpet area of the flat.
Experts need you opinion on the same, would really appreciate if some substantial legal/non legal proof can also be provided.

kalpeshc · 18th May 2010, 15:37

From what I know, it is always on the area rather than the flat as a single unit itself. 3BHK has to shell out more than the 1BHK.

ghodlur · 18th May 2010, 15:44

Whats the logic behind that since the maintenance charges which would be collected would be for the common area/utlities maintenace and it would used similarly by both 1BHK guy as well as 3BHK guy. For sure a 3 BHK guy would not use less of a lift than a 1BHK guy for eg.
The Society bye laws says that it is upto the society to decide the means of levying the maintenance charges which is decided in AGM. If thats the case then the deadlock would continue between the members and how do we break it?

SirAlec · 18th May 2010, 16:05

Will this help

Home

Bye Laws

Abhay · 18th May 2010, 17:29

Like kalpeshc said it is usually different for different sized flats - meaning 1bhk pays less compared to 2 and 3bhk owners. (The difference is generally not a huge amount either)

The only logic behind that (if any) would be that generally speaking more people live in a 3bhk apartment compared to 1bhk (we are talking families and not bachelors!), hence they end up using a bit more of the common things (lift, water supply etc)

SilentEngine · 18th May 2010, 17:46

In our apartment complex it is on per sq ft basis. It makes sense to have it that way.

Jaguar · 18th May 2010, 18:36

In my apartment, its per flat basis and not based on sq feet. But I am looking to buy a flat and see that most of the big builders mention the maintenance cost per sq feet basis. So I suppose there is no specific law as to how it has to be collected. IMO, including the terrace area for the calculation is not a fair logic.

ghodlur · 20th May 2010, 07:51

Ideally speaking it should be on per flat basis since the trend of charging maintenance on per sqft basis was started by the builders when they charge the maintenance for the first year after building completion or possession. Tese days they clearly mention the rate/sqft for maintenance in the agreement and this is becoming the basis for maintenance collection.
The debate in ouir society is there are a few terrace flats. When the agreement was signed for these flats the builder had charged terrace as 50% during the flat registration, athough the area mentioned in the agreement is carpet area + terrace(100%). Now these flat owners are arguing that the same logic should be applied for maintenance charges too. However the chairman/secretary/treasurer are of the opinion that since those terraces are exclusive to the flats and are not a part of the common area/utlities they should be charged full.
On the internet I am unable to see any examples of societies charging the terrace at half rate for maintenance. Hence the need for suggestions.

29th April 2010, 11:54	#256
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 10,101 Thanked: 14,192 Times View My Garage	To those who have availed a joint home loan : Is a marriage certificate a mandatory requirement for 2 unrelated people to avail a joint home loan?
	() Thanks

29th April 2010, 12:18	#257
blackstallion76 BHPian Join Date: May 2008 Location: Bangalore Posts: 349 Thanked: 80 Times View My Garage	I am looking for long-term investment on land near Bangalore. I researched some of the places around BIA. There seems to be lot of good residential belt coming up around ITC Factory. Private developers are too costly. But, I heard there are some sites from BSNL (Telecom Layout - 3 Phases). I am not sure if these are availale for sale. Any info would be helpful.
	() Thanks

29th April 2010, 13:35	#258
zenx Senior - BHPian Join Date: Oct 2004 Location: Bangalore Posts: 1,164 Thanked: 162 Times View My Garage	Have a 4003sqft plot available for sale in Eagle Ridge, off Begur Road (near NICE and between ECity/Bgta Road). If you (know people who) are interested, PM me please.
	() Thanks

10th May 2010, 14:32	#259
Jaguar Senior - BHPian Join Date: May 2006 Location: Bangalore Posts: 1,248 Thanked: 2,885 Times	Anyone staying in Purva Fountainsquar Guys, if you are staying of know someone staying in Purva Fountainsquare, Marathahalli, Bangalore, please PM me your contact. I need some info.
	() Thanks

10th May 2010, 14:46	#261
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 10,101 Thanked: 14,192 Times View My Garage	@ Jaguar : PatienceWins does stay there. Its his own flat, IIRC.
	() Thanks

10th May 2010, 14:56	#262
Jaguar Senior - BHPian Join Date: May 2006 Location: Bangalore Posts: 1,248 Thanked: 2,885 Times	Thanks Spitfire and Benny. I had already PMed PatienceWins. Spoke to him a few min back.
	() Thanks

18th May 2010, 15:25	#263
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Bangalore Posts: 6,240 Thanked: 4,745 Times View My Garage	Need info regarding Housing society bye laws We are in the process of finalizing the rules and regulations of the Society and are stuck in the determination of maintenance charges. There are two opinions to this debate - one is to charge the maintenance on per flat basis and the other is to charge on per sq ft basis. One group is of the opinion that charging maintenance as per sq ft is illegal and should be done on per flat basis. There are counter arguments to this. Also there is a debate as to whether the open terrace area has to be taken as half for calculating the maintenance charges for the flat or it has to be taken 100% clubbed to the carpet area of the flat. Experts need you opinion on the same, would really appreciate if some substantial legal/non legal proof can also be provided.
	() Thanks

18th May 2010, 15:37	#264
kalpeshc BHPian Join Date: Dec 2006 Location: Mumbai Posts: 544 Thanked: 141 Times	From what I know, it is always on the area rather than the flat as a single unit itself. 3BHK has to shell out more than the 1BHK.
	() Thanks

18th May 2010, 15:44	#265
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Bangalore Posts: 6,240 Thanked: 4,745 Times View My Garage	Whats the logic behind that since the maintenance charges which would be collected would be for the common area/utlities maintenace and it would used similarly by both 1BHK guy as well as 3BHK guy. For sure a 3 BHK guy would not use less of a lift than a 1BHK guy for eg. The Society bye laws says that it is upto the society to decide the means of levying the maintenance charges which is decided in AGM. If thats the case then the deadlock would continue between the members and how do we break it?
	() Thanks

18th May 2010, 16:05	#266
SirAlec Senior - BHPian Join Date: Sep 2006 Location: zxc Posts: 3,393 Thanked: 727 Times	Will this help Home Bye Laws
	() Thanks

18th May 2010, 17:29	#267
Abhay BHPian Join Date: Apr 2005 Location: Pune Posts: 727 Thanked: 12 Times	Like kalpeshc said it is usually different for different sized flats - meaning 1bhk pays less compared to 2 and 3bhk owners. (The difference is generally not a huge amount either) The only logic behind that (if any) would be that generally speaking more people live in a 3bhk apartment compared to 1bhk (we are talking families and not bachelors!), hence they end up using a bit more of the common things (lift, water supply etc)
	() Thanks

18th May 2010, 17:46	#268
SilentEngine Senior - BHPian Join Date: Jan 2008 Location: KA19,KA04 Posts: 1,167 Thanked: 762 Times View My Garage	In our apartment complex it is on per sq ft basis. It makes sense to have it that way.
	() Thanks

18th May 2010, 18:36	#269
Jaguar Senior - BHPian Join Date: May 2006 Location: Bangalore Posts: 1,248 Thanked: 2,885 Times	In my apartment, its per flat basis and not based on sq feet. But I am looking to buy a flat and see that most of the big builders mention the maintenance cost per sq feet basis. So I suppose there is no specific law as to how it has to be collected. IMO, including the terrace area for the calculation is not a fair logic.
	() Thanks

20th May 2010, 07:51	#270
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Bangalore Posts: 6,240 Thanked: 4,745 Times View My Garage	Ideally speaking it should be on per flat basis since the trend of charging maintenance on per sqft basis was started by the builders when they charge the maintenance for the first year after building completion or possession. Tese days they clearly mention the rate/sqft for maintenance in the agreement and this is becoming the basis for maintenance collection. The debate in ouir society is there are a few terrace flats. When the agreement was signed for these flats the builder had charged terrace as 50% during the flat registration, athough the area mentioned in the agreement is carpet area + terrace(100%). Now these flat owners are arguing that the same logic should be applied for maintenance charges too. However the chairman/secretary/treasurer are of the opinion that since those terraces are exclusive to the flats and are not a part of the common area/utlities they should be charged full. On the internet I am unable to see any examples of societies charging the terrace at half rate for maintenance. Hence the need for suggestions.
	() Thanks