The Property / Real Estate Thread

Amazing · 18th February 2013, 17:05

Location : PUNE

I am in lookout for a 3-BHK TERRACE flat ( yes, I prefer a terrace of atleast 100-200 sqft )

Budget : Around 1 crore.

Condition : ready possession, Newly constructed/completed.

Location Preferance: Baner/Pimple Nilakh/ Wakad or adjoining areas close to Baner.

Pls help with some good leads, I have not much idea of these areas and will go to brokers at last resort.

mjothi · 20th February 2013, 07:53

http://articles.timesofindia.indiati...rtificate-bbmp

http://www.deccanherald.com/content/...-lollipop.html

Quote:

Along with it the palike will set up 15 days’ khatha mela for property owners who have their properties registered under ‘B khatha.’ “Although there is no such term called ‘B khatha’ and it is only B register where properties are enlisted, we want anyone enjoying property in Bangalore to come under the tax net,” said the official.

I guess its a good move. Hope they do not create problems for issuing B-khatas too. If we have all papers correct, then why someone apply for B-Khata in first place.

Its very usual in BBMP office to ask for 4K to 5K just for this B-register entry. I think this is the only place where we need to "bribe" even to pay government. Hope the BBMP wakes up fast.

S_U_N · 4th March 2013, 11:56

Venturing into real estate now for the first time.

I am interested in buying a plot on the outskirts of Pune.

I have identified one plot which is an agricultural land.

Assume that I need to take loan and also take advantage of the new provision in Budget 2013 (extra 1 lac deduction).
1. Loan for plot will not fetch any IT benefit. Please confirm
2. Loan for construction of house will have IT benefit. Please confirm
3. Some banks offer combined loan (land + construction). Any one has an experience with that?
In whose name will the bank disburse the amount for construction loan?
Will the bank put money in my account? If yes, does that get counted as income (from taxation perspective)?
The house will be constructed by my relative for me.

I will have to restrict myself to a loan of 25 lacs since beyond that I will not get the extra one lac benefit.

Please share any inputs that you guys have.

devrajman · 8th March 2013, 19:01

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

mohandasnikhil · 9th March 2013, 01:30

Quote:

Originally Posted by devrajman

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

Just the language used on this Builder's website will not let me trust him!

anekho · 9th March 2013, 02:25

Quote:

Originally Posted by mohandasnikhil

Just the language used on this Builder's website will not let me trust him!

+1. Also for some reason, my brain switches over to caution mode whenever I see a firm that ends its name with 'z'.

kiren · 10th March 2013, 23:16

Quote:

Originally Posted by Amazing

Location : PUNE

I am in lookout for a 3-BHK TERRACE flat ( yes, I prefer a terrace of atleast 100-200 sqft )

Budget : Around 1 crore.

Condition : ready possession, Newly constructed/completed.

Location Preferance: Baner/Pimple Nilakh/ Wakad or adjoining areas close to Baner.

Pls help with some good leads, I have not much idea of these areas and will go to brokers at last resort.

You can check @ Kalpataru Estate Phase 2, pimple Gurav. 2.5bhk flats have a balcony of approx 125-150 sqft. however you might only get resale flat.

Kiran

Ricxx · 10th March 2013, 23:53

Does anyone have any info about some good housing projects near Kasauli? so far its only DLF selling plots way expensive that too off Kasauli. also another by Sandwood near Garkhal. any other villas, etc being sold that side.proximity to Kasauli preferred.

aajohn · 11th March 2013, 00:32

Quote:

Originally Posted by devrajman

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

I get flyers and ads of this company almost every other day and as you said too good to be true. And I don't know how their model of selling below market price works! Their office is on the outer ring road- I plan to visit but dont have any plans to buy ;-) Will give an update post my visit!

ajmat · 11th March 2013, 07:48

Quote:

Originally Posted by devrajman

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

Judging by the number of projects, I would love to see his balance sheet

MotoNanu · 12th March 2013, 17:17

Hi Guys, anyone here having info on GM Infinite E City Town? This is a new project in pre-launch phase coming up near Patel Neotown. The builder is offering 2250/ sqft as the pre-launch offer. Highly tempting!

www.gmecitytown.com/overview.html

The builder is into construction for many years but this is one of the first for him to start the project completely on his own. Appreciate any info/ advice on the same.

condor · 12th March 2013, 19:11

Quote:

Originally Posted by S_U_N

I have identified one plot which is an agricultural land.

There are restrictions on buying agricultural land - only a farmer can buy agricultural land, unless the current owner converts it to Non-Agri / Farmhouse before he sells it.

null · 12th March 2013, 19:51

Quote:

Originally Posted by MotoNanu

Hi Guys, anyone here having info on GM Infinite E City Town? This is a new project in pre-launch phase coming up near Patel Neotown. The builder is offering 2250/ sqft as the pre-launch offer. Highly tempting!

www.gmecitytown.com/overview.html

The builder is into construction for many years but this is one of the first for him to start the project completely on his own. Appreciate any info/ advice on the same.

Looks interesting. Came across their other post online last week - http://wikimapia.org/26894165/GM-INF...NISH-APARTMENT

shankar.balan · 12th March 2013, 19:55

Quote:

Originally Posted by devrajman

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

Conmans paradise.
Too good to be true indeed.
Would not touch this with a 25 foot barge pole if I were on the buy side...

coolclouds · 12th March 2013, 22:00

Quote:

Originally Posted by devrajman

I got this email today. Too good to be true! Do anyone know authenticity of this builder??

Simply stay away.

They claim that 4000+ flats in 42 projects are sold in last about two years but only one project started and nothing handed over so far. Still they are inviting to meet happy customers

The project Dreamz Sahavas is located near Begur, Electronic city but as per location map in their own brochure, its near Hennur ring road

Last month twice they advertised that everything sold out but now they are offering cars and tvs along with flats!

18th February 2013, 17:05	#1171
Amazing BHPian Join Date: Apr 2005 Location: Pune Posts: 236 Thanked: 128 Times	Re: The Property / Real Estate Thread Location : PUNE I am in lookout for a 3-BHK TERRACE flat ( yes, I prefer a terrace of atleast 100-200 sqft ) Budget : Around 1 crore. Condition : ready possession, Newly constructed/completed. Location Preferance: Baner/Pimple Nilakh/ Wakad or adjoining areas close to Baner. Pls help with some good leads, I have not much idea of these areas and will go to brokers at last resort.
	() Thanks

4th March 2013, 11:56	#1173
S_U_N Senior - BHPian Join Date: Mar 2010 Location: Oslo Posts: 1,816 Thanked: 418 Times	Re: The Property / Real Estate Thread Venturing into real estate now for the first time. I am interested in buying a plot on the outskirts of Pune. I have identified one plot which is an agricultural land. Assume that I need to take loan and also take advantage of the new provision in Budget 2013 (extra 1 lac deduction). 1. Loan for plot will not fetch any IT benefit. Please confirm 2. Loan for construction of house will have IT benefit. Please confirm 3. Some banks offer combined loan (land + construction). Any one has an experience with that? In whose name will the bank disburse the amount for construction loan? Will the bank put money in my account? If yes, does that get counted as income (from taxation perspective)? The house will be constructed by my relative for me. I will have to restrict myself to a loan of 25 lacs since beyond that I will not get the extra one lac benefit. Please share any inputs that you guys have. Last edited by S_U_N : 4th March 2013 at 11:58.
	() Thanks

8th March 2013, 19:01	#1174
devrajman BHPian Join Date: Mar 2009 Location: Bangalore Posts: 505 Thanked: 119 Times View My Garage	Re: The Property / Real Estate Thread I got this email today. Too good to be true! Do anyone know authenticity of this builder?? Attached Thumbnails Last edited by devrajman : 8th March 2013 at 19:03.
	() Thanks

10th March 2013, 23:53	#1178
Ricxx Newbie Join Date: Mar 2013 Location: chandigarh Posts: 5 Thanked: 2 Times	Re: The Property / Real Estate Thread Does anyone have any info about some good housing projects near Kasauli? so far its only DLF selling plots way expensive that too off Kasauli. also another by Sandwood near Garkhal. any other villas, etc being sold that side.proximity to Kasauli preferred.
	() Thanks

12th March 2013, 17:17	#1181
MotoNanu BHPian Join Date: Oct 2012 Location: Bangalore Posts: 261 Thanked: 116 Times	Re: The Property / Real Estate Thread Hi Guys, anyone here having info on GM Infinite E City Town? This is a new project in pre-launch phase coming up near Patel Neotown. The builder is offering 2250/ sqft as the pre-launch offer. Highly tempting! www.gmecitytown.com/overview.html The builder is into construction for many years but this is one of the first for him to start the project completely on his own. Appreciate any info/ advice on the same.
	() Thanks