Choosing the right abode – Time tested tips from www. 100floors.com
Hyderabad|India|February’2009: Buy land, they’ve stopped making it,’ Mark Twain once said. And it’s indeed true; almost everything else worth investing can be produced. By this logic land supply will be severely squeezed in the coming future as population keeps multiplying and demand for housing keeps increasing. How? Visit www.100floors.com
Real estate, hence, can be considered as the safest investment today despite a gloom surrounding the sector globally. Despite financial turmoil, realty stands against all odds by showing lesser ups and downs (compared to stock prices, oil prices, etc) as it is tangible.
With a large number of young Indians migrating to all corners of India in search of livelihoods and jobs demand for homes — either on ownership or rental basis — will always exist. But then most of these young job seekers feel lost when it comes to making a decision: Buy a home or stay as a tenant.
Should I buy a home or stay in rental homes?
According to Shreyans Chopra, CEO, Suksh Technologies, the parent company of pan-India portal www.100floors.com, “ We first need to think if rentals can build an asset. For the youth, renting may look as the most obvious option because of the nature of their jobs which takes them from one place to another in a couple of years. In this situation if you want to buy a house then one of the key factors should be the choice of location.
Identify pockets which have a potential to appreciate quickly, and a profitable situation will be to even out your rentals with Equated Monthly Installments, EMIs. Just as a thumb rule, when paying rentals which account for 10 to 12 per cent annually on actual value of home, it is better to consider buying a home. Even if property rates do not appreciate it is a profitable deal; you have an asset to bank on even as you pay EMIs that equal the money you pay as rent.
Considering a long investment horizon (10 years) this is always a good option.”
What should I do when I need to buy a house and I have a shorter investment horizon?
If you are buying a home then considering the worst (a shorter investment horizon with property rates going down as they are doing currently), the following points must be kept in mind:
· Consider buying a home in localities which have planned infrastructure development around it like metros, shopping malls, offices, airport, etc.
· Consider buying a home on or near the main connecting roads than in the interiors. Even a well-decorated, well-furnished house in the interiors can fetch lower valuations when you want to resell the property.
· Buying a home from a reputed builder will always be a plus as you are assured of the quality and on-time delivery if the project is under construction. It also helps if the property that you are buying has an approved file number (or APF as it is called in banking parlance) from a reputed lending institution as lenders quickly disburse home loan money in such a situation.
· Do a prior valuation, legal check before buying. This will help you understand if you are paying the right price and the risks involved. No doubt the bank does this for you, but since this is a lifetime investment, it is advisable to conduct an independent check as well.
· Consider flexible loan repayment structures. Most banks now offer a varying number of home loan products, the most popular being the fixed rate home loan, floating rate home loan and a combination of the two wherein a borrower can have a part of her/his loan on a fixed rate basis and the rest on a floating rate basis. Depending on your views on the interest rates five years from today take a call.
· You should also consider factors like economic growth in your region, your personal long terms plans of settling down, good schools, hospitals and entertainment amenities planned in that area. After all, we human beings are social animals and having these facilities in the vicinity not only help you and your family socialise and entertain yourselves but can also give you a good return on your investment if ever you plan to sell your property.
· Finally, we are into a buyers’ market. Remember that everything in this market is negotiable. Hunt for the best deal, best price, best discounts as even a small discount can save you a lot of money. A 5 percent discount (which is very common if you bargain hard) on a Rs 25 lakh property can save you Rs 125,000, which you can then use to redo your new dream home.
· When planning to buy your home, do keep in mind that home concepts are changing rapidly; there is a huge shift in the way people live today as compared to a decade ago. Today, homes fall more under the lifestyle category than a necessity (this, of course, is a moot point), people are fast adopting new concepts called intelligent or smart homes.
Wi-fi connectivity, automated access controls, security gadgets, HVAC (an acronym that stands for heating, ventilation and air conditioning) systems and remote home management systems are some of the new features which are being seen. If you wish to go with the times, ensure your selection has such future options or have options to install these in future.
Happy home hunting!
visit : www.100floors.com
Pluggd In to 100floors.com
100Floors is a real estate portal from Suksh Technologies (has raised $1.5mn seed round), Bangalore based startup.
The portal is a marketplace for all things real estate and is trying to create a marketplace by involving agents (unlike other portals who try to shortcircuit the broker channel), property experts and of course, users who are at the core of the marketplace.
Bangalore Map - 100Floors
Sellers/Landlords can post property info (first 10 listings are free) and Buyers/Renters can post property requirements (free)- using various channels (SMS/phone/web) and 100Floors connect the buyer and seller.
The portal, being a marketplace is dependent a lot on UGC - and in order to grow the user contribution, 100Floors is providing useful content in collaboration with content companies (check out the legal section).
100Floors also provides offline services like property valuation, legal documentation drafting etc - which is ofcourse, a bigger market (especially if you target the NRI segment).
One of the USP of 100Floors is maps integration - one can search/browse via maps (an experience limited to broadband users) - the map section details out property’s location - though a lot needs to be achieved there (for example, hospitals/schools/parks near localities).
The product is in beta (has some jagged edges) and is available in 15 cities.Do give 100Floors a try and share your opinion.
The challenge with real estate portals is that no matter what they do, they don’t want to cut the broker channel - so essentially, their USP is information aggregation.
But is this information aggregation that big a USP to create differentiation (vis-a-vis offline agents)?
What’s your opinion?
From Novice to a Brandname
1) Why has Suksh particularly opted to get into the real estate space?
Suksh has a charter to venture into consumer friendly applications. Suksh will be venturing into various online and offline software products and services targeting Indian consumers.
To start with Suksh wants to create a niche in the Real Estate sector. The importance of Online is also gaining acceptance among advertisers considering it is the only medium which can have measurable performace and is also comparatively cheaper than traditional media. It also allows advertisers to have a global reach easily. Online real estate market in India is untapped since most of the online portals today service the B-S-R marketplace model which according to us comprises only of 7% of total 20 Billion dollar Real Estate services market in India. So we believe there is lot of room to create niche in the sector and hence would look at providing services holistically around real estate. Suksh will provide a platform for end consumers allowing them to make useful decisions around real estate by providing statistics around the same.
As per the statistics the housing demand hasn’t slowed down. There will be 5 million homes added every year considering the growing population. Also we believe that the demand in low to medium housing sector will increase considering the growing demand & also financial sops like rate cut being offered. Considering the slowdown and the pressures on the marketing budgets there will be a growing acceptance to online marketing mediums. Also since property buying cycle has become longer people will make use of information available online when taking property decisions. Hence we certainly see a growth of the online real estate sector.
Points to Ponder
“Buy land, they’ve stopped making it”, said Mark Twain. It’s very true
almost everything else in which you can invest else can be produced risking
the value of what you own. So real estate by far is a safest investment of
today. Despite financial turmoil realty stands against all odds by showing
lesser ups and downs, as it’s tangible what you have will always remain with
you. Few questions which may ponder the mind of yours around realty sector
can be
Q:Should I buy home or stay in rental homes..?
A: Always think if your rentals can build an asset for you. Given as a youth
renting may look as most obvious option however it’s recommended to also think
of some location where you would like to invest in property, this can even very well be your native.
Just look for pockets which has a potential to appreciate quickly and if you can even your rentals with EMIs
you have planned your realty needs and you are ready to make money! Just as a thumbrule, when paying
rentals which account to 10-12% annually on actual value of home, why not
consider buying a home. Even if property rates do not appreciate you are
still profitable, you have an asset to bank on with EMIs equal to your
rental. Considering a long investment horizon (10 year) this is always a
good option.
Q: What should I do when I need to buy a house and I have shorter investment
A:If you are buying a home then considering you might get hit with a shorter
investment horizon with property rates going down you must consider
following factors,
a)Consider home buying in localities which have planned infrastructure
development around it viz. metros, shopping malls, IT offices, Airport, etc.
b)Consider buying home on the main connecting roads than interiors. Even a
good house in interiors can fetch lower valuations.
c)Buying home from a Good builder will always be plus
d)Do a prior valuation, legal checks of home before buying. This will help
you know if you are paying the right price and risks involved. Remember you
have a house for lifetime than your bank so it’s recommended you do this
checks despite your banks ensuring such things, but they are not always
enough.
g)Beyond this you can look at factors like economic growth in your region,
what are you long terms plans to settle, are there good schools and
h) Everything in this market is negotiable to hunt for the best deal, best
price, best discounts as small % discounts can save you lot of money
In addition know the home phenomenon it’s very important for making
decisions. When planning your home, do keep in mind that the home concepts
are changing rapidly. The home paradigm from 80s to this decade have huge
shift. Today homes fall more under lifestyle than a necessity. And now
people are also adopting new concepts called intelligent or smart homes.
Wi-fi connectivity, automated access controls, security gadgets, HVAC
systems and remote home management are some of the new age features which
can be seen in these concepts. This would also mean if you wish to keep up
with the new age, ensure your selection has such future options or have
options to install these or the society around you have a zeal for these
concepts and they would adopt this as a group in future.
100floors on Rediff Celeb chat
The kind folks from Rediff invited us over for a “celebrity” chat on Real Estate Opportunities in India. The chat happened yesterday, 27th Jan, 09 and there was an overwhelming response of over 250 participants and loads and loads of questions.
Have more questions to ask us ? Reach our property experts on 100floors Property advisor chat.
We realize that we might not have been able to answer all your questions, but we did our best. It was really encouraging to see so many serious users thinking about real estate and services around it. For the benefit of those who couldn’t join us for the chat, here’s the unedited transcript.
jeeva asked, Is it a good time to buy some property in industrial area.
Tushar Bungley answers, at 2009-01-27 13:53:31Based on the city and area we can recommend, so you can give these details for us to be in good position to answer.
Balaji asked, Hi, do you think this is the right time to invest in Real Estate?
Tushar Bungley answers, Tier II cities seem to be an attractive option if someone is looking from an investment perspective. The prices in tier I and II cities have come down and are expected to stabilize in the next three months, so this can be a good option for a long term investment of about 3-5 years. So avoid metros for sometime.
balaji1 asked, Would it be a good time to buy flats in crompet, chennai. Can you please tell us what will be the average price per sft in crompet, chennai.
Tushar Bungley answers, Overall the market is moving slow. 2800-3500 is the price bracket in crompet based on amenities which you choose.
israr asked, where do you see the real estate sector in chennai, will it gain its momentem back as before in near future.
Tushar Bungley answers, In suburbs and peripheral locations will see better traction over CBS areas. For investments better to choose non metro cities Tier -II and III like Coimbatore.
basha asked, Is it worth to buy lands in outer area of chennai?
Tushar Bungley answers, Outer areas of chennai such as ECR, Pondicherry highway are expected to rise given a good time frame, so it is definitely a good investment.
india asked, what is your name
Tushar Bungley answers, Tushar Bungley, am an realty expert and legal head at www.100floors.com, a new Pan-India realty portal.
nitin asked, Is it betetr to buy proprty in Drawrka / Gurgaon / Faridabaad ?
Tushar Bungley answers, Dwaraka is not advsible, as registrations are not happening per our information. Others can be a good option among the three here.
vanessa asked, i want to buy a flat in andheri (East) marol, is it right time or wait
Tushar Bungley answers, In Metros it is a time to wait and watch. If you have a good developer deal like reduced prices, buy backs, lower loan rates etc, you may find a good option. But these options may also become more lucrative in near future.
dna asked, Will the real estate market correct further in 2009 ? Or do you expect it to revive with the imminent fall in inflation / interest rates ? Thanks
Tushar Bungley answers, Fall in Interest rates are definitely expected to give an impetus to the real estate buying. Correction is definitely expected and the markets should stabilize by Q2 2009.
sailesh asked, We have a property built up aro 26000 sft on 4th floor in Begumpet main road Hyderabad. What rate of rent can we expect now or you want us to wait for few more months to lease it out. The space is ready for occupation and with lift.
Tushar Bungley answers, The rates may vary 40 to 120 Rs/ sq feet subject to conditions like road access, state of the facility, furnished or unfurnished. Given there is a slow down in market you can expect 10-30 rs drop in the rentals compared to last year same time.
ANITA asked, WANT TO SELL MY MIG FLAT IN VASANT KUNJ. DELHI [Images] ANYONE WOULD LIKE TO BUY ?
Tushar Bungley answers, Please put it up as a listing on www.100floors.com
Don [Images] asked, Hi Tushar, Although I have been hearing that realty sector is seeing correction, when I see the property prices in Pune the developers and builders are not ready to lower the prices. What do you think should be done in such cases?
Tushar Bungley answers, Some tier-II and tier-III markets are yet to see some corrections. Even there are some premium areas where you cannot expect a correction. So in general though the market would move certainly down the CBD areas may not move down substantially as the supply there would be far lesser than the demand.
apoorv asked, Please let me know is this a gud time to buy a home, as i want to buy a home at marathalli ring road in Bangalore city and its 1370 sq.Ft and priced @ around 30 lakhs. pls help me out. whether do i need to wait or go ahead???
Tushar Bungley answers, Marthahalli has corrected to 2000-3000 rs recently, lower being inside properties and later for better properties in this area. Given the future scope for this area and the current price you have quoted here falling under the bracket which we have from our research, it does seem to be a good investment option.
narrow asked, can u classify Teir I and Teir II cities?
Tushar Bungley answers, Tier- I are all metros including Bangalore and Hyderabd. Rest all known primary cities like Agra [Images], Mohali, Chadigarh, Pune etc fall under Tier-II
karthikeyan asked, hello sir, even though realestate prices are going down, in chennai the property prices are holding and not going down. do u see any correction in chennai prices
Tushar Bungley answers, From our research we have found that property prices in Chennai are a bit inflated and are expected to stabilize to more reasonable levels. In fact big builders in Chennai have already started reducing prices or offering discounted deals.
langtu asked, hai, Tushar… What are the options available for investing in real estate in Bangalore with 10 lakhs. I want a decent house with 2 rooms
Tushar Bungley answers, Look into Bangalore north side in areas like Devanahalli, Doda bellapur.
puneeta asked, Hi, I have booked a flat in Gurgoan and Faridabad.Can u please tell me when I can expect the good returns from these properties?
Tushar Bungley answers, In gurgaon and faridabad, look at a time frame of atleast 3 - 5 years for a reasonable ROI for your property.
karthikeyan asked, Sir sorry for disturbing u again, apartment prices have come down in chennai. i need to know abt land prices.
Tushar Bungley answers, They too have seen a dip certainly making it a buyer friendly market though you can wait for a month of two for better corrections in some area.
KSRAO asked, When would be the right time to buy property in Bangalore
Tushar Bungley answers, Q2, 2009 would be a good option given the corrections have not stabilized as per our week over week stats.
Nishant asked, Hi Tushar, what are the medium term (3-5 years) prospects for a premium property like ParkStreet in the Wakad area of Pune? What kind of returns can be expected? I booked a 2BHKD flat at a rate of 3200/- per sq ft.
Tushar Bungley answers, Areas around Aundh and aundh annex have seen better upsides in last 3/4 years. Similar will not be seen given the prices have shot up already. Our conservative estimate on the price expected in 3 - 5 years horizon shows a price of 4000-4500rs/sq feet
apoorv asked, what future are you expecting in Bangalore city for real estate? are you expecting any down fall further or is it peak time?
Tushar Bungley answers, Bangalore as a real estate market has in the past years has been very attractive due to the presence of several IT companies and hence the subsequent demand for office and residential spaces. But currently due to the economic slowdown the gap between demand and supply has widened as sales have come down in the last six months, especially from September. However as a real estate market Bangalore has been attracting an array of medium to large builders with new projects from several builders in Electronics city, HSR Layout, JP Nagar, Koramangala, BTM layout and other localities. With further time prices will stabilize by Q2 2009
venkat asked, I am waiting since 30 mins, it seems it is not answerable, pls advice something, I will walk out of chat box, have to start wroking, I repeat my question”Land rates in Mysore have sky rocketed, is it advisible to invest in Mysore? “
Tushar Bungley answers, Mysore is right now overpriced, would advise waiting another 3 months and adopt and wait and watch strategy with respect to Mysore.
Bhushan asked, Is it right time to buy house in pune? or should i waiat for some more months? pls guide me.
Tushar Bungley answers, Wait untill Q2, 2009 to see some stabilized prices. However there are some good deals offered by builders like Mantri like buy back options or reduced interests currently which can come handy if you are looking to invest in near term.
Wanderer asked, Hi Tushar, There are several places in Hyderabad where builders have built in flats without any planning. They have built high rise apartments at very less space and many times there is hardly any gap between two buildings. Also, historically, Hyderabad has been a water scarce city, especially in summers, which is enough reason to believe that flats built in such numbers will only add to the problems. Worse still, such flats are priced well over 40 lacs (for 2-3 bhk). Is it worthwhile to invest your money/ buy for living in such flats?
Tushar Bungley answers, This vastly depends on the area and locality and the type of builder, would be difficult to generalize something like this over the entire city. Many properties are overbuilt so while buying or investing ensure you are buying a portion which is legally scrutinized by experts or by proper sanction plans.
real asked, Please suggest me some areas in Pune for investment?
Tushar Bungley answers, You can look for areas like Hinjewadi, Pirangoot, Bawdhan for investments.
Ams asked, how do feel the rates in mumbai would direct also one of the suburbs mUlund is it worth paying 5000 sq feet or should wait
Tushar Bungley answers, Mulund falls on the border of Mumbai [Images] enjoying all benefits of Mumbai which a next stop Thane would not have like electricity, water etc. Comparating thane prices are already hoovering over 5000 Mulund being in Mumbai at 5000 seems to be a good rate. Mulund west is preferred more than east.
KSRAO asked, Some experts have advised to be careful in investing in under completion projects as they may not see completion due to credit crunch. Also, developers like Ittina seem to have pledged properties and sold them to clients. How to deal with such situations?
Tushar Bungley answers, Projects under construction have seen some fund issues from investors. You are right to pint to be careful here, best option now is to invest ins ready to move in properties. As mentioned earlier, as this needs to be handled very carefully on a case to case basis. Please contact our legal team on www.legal.100floors.com to get more help.
raje asked, Is it a good time to buy a property in chakan,and when we expect to get good returns in that property.
Tushar Bungley answers, Chakan given an airport destination tomorrow is definitely a good option for investments. But the infrastructure may not move so soon so you will have to be patient on this area to return your investments.
riti asked, am looking for 2 BHK flat or individual house near kunrathur or mathananthapuram(near porur)in chennai.can u pls tell what will be the avg price of sq.ft
Tushar Bungley answers, Average pricing in this area is expected around 2200 to 3000 Rs/ sqft.
TusharBungley asked, What are the prospects of Amanora Park Town in Pune??Pls advice
Tushar Bungley answers, South bangalore as a real estate market has in the past years been very attractive due to the presence of several IT companies and hence the subsequent demand for office and residential spaces. But currently due to the economic slowdown the gap between demand and supply has widened as sales have come down in the last six months, especially from September. However as a real estate market South Bangalore has been attracting an array of medium to large builders with new projects from several builders in Electronics city, HSR Layout, JP Nagar and BTM layout.
real asked, Is Wakad in pune good area for investment?
Tushar Bungley answers, Yes, prices around 2500 for land is a good option.
RNA asked, Am interested in buying on Baner Road / Aundh areas in Pune. Is this the right time ?
Tushar Bungley answers, Do wait for couple of months for the market to correct or stabilize.
riti asked, hi,the owner is quoting 740 sq.ft flat 2Bhk for 20lacs in madananthapuram(near porur).is it right price or can it be reduced for 18 lacs
Tushar Bungley answers, Yes, as the current rate in this area is 2000 Rs. Given 18 Lakhs you are selling it higher price.
Shenaz asked, I have invested in a plot in Vijaynagar 4th stage 2nd phase in Mysore for a 5 year term atleast. Do you think as Bangalore saturates and as Mysore connectivity and infrstructure improves, it will be good for appreciation ?
Tushar Bungley answers, Should definitely give a minimum of 30 - 50% returns.
ASHNA1231 asked, NAGPUR?NO INFO ON PRICES?
Tushar Bungley answers, Which area?
Manu asked, Hello Tushar, Give the rate list for Flat of 1387 sqft at Kundhali at Marthali. Builder quoting at 53L for 2.5 flat with Private garden, which comes under 1397 itself. What will be the best price for this property
Tushar Bungley answers, Seems to be reasonable if you have all other charges included, given the luxury apts. here are priced around 3200-3500 rs/sq feet
arunonline asked, I am invested in Brigade Enterprises, they have projects that have high hopes, how do you evaluate their projects?
Tushar Bungley answers, Are you talking about Brigade-Group, they are a reputed and a Class-I builders.
rakeshm asked, mahavir nagar kandivali (W)..wht are the avg prices?
Tushar Bungley answers, Around 4700-5000 rs sq feet
Analyst asked, Does that mean in Mumbai suburbs like Mulund etc prices are unlikely to fall any further??
Tushar Bungley answers, Yes they may not fall here, but you can expect new projects to offer you good deals given builders are crunched on funds.
Karan asked, Hi Tushar, Whats your perspective on apartments in Noida. Was investment in 2008 a wise decision?
Tushar Bungley answers, Early 2008 would definitely be a good later half would have to wait for a longer time.
AK Nair asked, How much fall we can assume after a period of 6 months? or when will be a raise in the property in Mumbai’s suburban area? Respected sir, what is the reasonable rate of resale 2bhk existing in Vasai, Thane dist?
Tushar Bungley answers, Rate here is 1200-1500 rs/sq feet
mayu asked, Hi Tushar, Is it good time to buy home at Khargar, Navi mumbai. my budget is 20-30 lakhs
Tushar Bungley answers, Khargar is seeing corrections in the market. You would have seem the govt flats too have seen corrections post allotment last year. but given your budgets you may find an option in this area alone or in Thane, main Mumbai suburbs may not be an easy find.
nokia asked, hi , is it right time for construction
Tushar Bungley answers, Given labor is available at lower price and contractors loosing their contracts with bigger builders, this would be a right time to look for construction in Tier-I and Tier-II cities
gsuresh18@rediffmail.com asked, Tushar - I never get answered some how in these chat forums. Hope to get the first one from you. How do you find a purchase of flat with Skyline group in Banashankari _III stage near NICE corridor. I have booked it for 2500/- Do you think its good and it will appreciate?
Tushar Bungley answers, 2500 Rs is pretty reasonable and you can expect anywhere between 15-40% over 3 to 5 years.
WIN asked, hI,I WANT TO BUY A HOUSE IN BANGALORE (25 TO 30 LAKHS)
Tushar Bungley answers, Chekout for 100floors.com deals and properties for the same
vicky_nitesh27@rediffmail.com asked, HI Tushar, i want to buy a flat around 13-15 lakh range. but the pblm is i don’t have initial money to pay banks. but i can easliy paid the emi’s . so what would u suggest me at this stage. please help me.
Tushar Bungley answers, Look for smaller builders, they may give an option under low budget flats. Also if you are working in a good known company you can raise personal loan for initial payments.
ASHNA1231 asked, WEST NAGPUR.WILL PRICES DROP?
Tushar Bungley answers, Definitely, areas around Amrawati raod have already seeing a drop of 10-15% in last quarter
subra asked, Tushar bhai.Do u KNOW ANYTHING ABOUT SURAT [Images].CAN U REPLY.REMINDER 5
Tushar Bungley answers, Average Price in Surat are bit higher side almost 3000-7000 rs. If you are specific on any area I can answer it in detail
Jignesh asked, Tushar Why you are bullish on real estate price in current scenario where entire world is bearish on real estate?
Tushar Bungley answers, In comparison with Stock market, Physical companies in various sectors realty till date especially in India has not seen corrections or drop like others. So investments under realty would not have dipped compared to other investments.
Middleclassman asked, dear sir. Can u tell me 2BHK rates in Tilak Nagar, Chembur, Mumbai, which broker is saying Rs. 6,250/- per sq. ft. There are so many building construction put on halt due to some MHADA & BMC dispute. Is there possibility of reduction in rates there?
Tushar Bungley answers, Average here 5500-6500.
wed asked, Dear Tushar, I plan to buy a flat in Borivali, Mumbai after 6 - 8 months. From your research, what is the price range per sq feet expected around June 09?
Tushar Bungley answers, Avaerage Prices in Borivali are around 5000 - 5500 Rs./sqft
crahul_1981@rediffmail.com asked, Is this a right time to buy a flat at New mumbai?? or should i wait another 4-5 months?? pls advise..
Tushar Bungley answers, New Mumbai is under correction do wait until Q2, 2009
amitsingh11 asked, I never get answers….. There is a touching delhi area of ghaziabad, DLF (Bhopura), the rates of flats are very down there, your tips….
Tushar Bungley answers, Go for reputed builders and developers around Delhi. There are some zones which are under dispute so you have to be careful around this area.
neel asked, avg. prices dombivili east??? avg. prices dombivili east??? avg. prices dombivili east??? avg. prices dombivili east??? avg. prices dombivili east???
Tushar Bungley answers, Average prices in Dombivilli are around 1900 - 2100 Rs./ sqft
KALAA asked, IT IS GOOD OPTION TO DO INVETMENT IN NEW PANVEL AND NAVI MUMBAI AREA ?
Tushar Bungley answers, Around Mumbai-Pune expressway is recommended interiors may take sometime to groom up and offer returns
meandmyself2005 asked, Hi Tushar, I am a salaried person and looking for investment in property, I am eligible for a home loan of 10-12 lakh and can spend another 2-3 lakhs (totalling 12-15 lakh), My question is:- Since my investment amount is low where should I invest in, Which city which place? Secondly what would be the right time to buy, Should I wait for property rates to fall further?
Tushar Bungley answers, Please specify city, locality name here.
KETU asked, Sir, When & how stamp duty charges will come down.
Tushar Bungley answers, Depending on state budgets it may come down or go up. This is defined at the state level
RAM RAM asked, 2nd Reminder : What is expected rate for residential flat in wakad / pimple saudagar area, Pune in coming 2 - 3 months, for new scheme of a reputed buider with all ammenities?
Tushar Bungley answers, 2800-3200 is the price bracket here.
Santa asked, Do you expect a price drop in B’lore real estate ? if yes, how much % ?
Tushar Bungley answers, We expect further 10-20% drop in peripheral area. CBD may not see a much further drop.
pvp asked, i plan to buy a 4bhk house in santacruz west in mumbai and rates quoted in new building is ranging from 13000 to 17000 and one of the builders i negotiated with has given a final offer of 11100 but i feel if i wait for a few more months i will get it below 10000. what is your opinion should i wait or buy the flat at 11000
Tushar Bungley answers, Current rates are 10000-12000 here
kannamozhi asked, Dear Tushar - Can you let me know the right strategy for purchasing flat in Mumbai (santacruz - andheri west), when would be the right time, what should be the right price, etc.
Tushar Bungley answers, Prices here are around 10000-12000 Sq feet. Recommended to go for ready possession flats than under construction. You can wait for 3/4 months as we expect the price not to move upwards from here soon.
CHANDELA asked, Hi Tushar,—(PLEASE REPLY)—- rates in Kamothe Navi Mumbai ranges from 2300 to 2700 per sqft. How much fall can we expect and by which month.
Tushar Bungley answers, It would not move much in new Mumbai as the demand here is still above average and has not seen a slump. Prices may stabilize on this bracket for sometime here.
tom asked, Hi Tushar, I want to buy a 2 BHK flat around 1000 Sq ft in the vasant vihar area of Thane west. What should be a reasonable price for builders such as Siddhachal (Kalpataru builders) ?
Tushar Bungley answers, Thane west should be around 3500 - 4000 Rs/ sqft
WassupDude asked, Can u suggest a good property in Bangalore costing around 20 - 25 Crores?
Tushar Bungley answers, if your are looking for an agricultural land, devanahalli is the right option.
t_Bungley asked, Between Domlur and BAnashankari in bangalore which place would give me good returns in say 10 -15 yrs with a budget of say 20 Lakhs on home loan?
Tushar Bungley answers, banashankari would be the best option in the long run
khan asked, i have 27 crores worth land.how to go ahead in construction for business
Tushar Bungley answers, enter into a joint development for development of a commercial property. Foreign investors could be a best option, with the FDI round the corner.
Vas asked, hello Tushar How is 100floors different as compared to some of the other realty portals?
Tushar Bungley answers, 100floors.com looks at the online real estate space in a whole holistic perspective with both offline and online services. 100floors.com is a real estate marketplace which creates an ecosystem for individuals, real estate agents and builders to search and find properties across India. 100floors is the first and only online real estate portal in India which powers your real estate search through maps and provides an intuitive experience by making it extremely easy to find buyers and sellers of property.
100floors.com - product updates
As you know, we did a quick re-branding of our product from my100floors.com to 100floors.com based on the feedback we got from several of our early adopters as well as for easier brand reach and recall.
With that, we also launched some new product features primarily around SMS and email communication and better user touch points which they think are critical for a better user experience.
So with little drumroll, we launch - Click2SMS and Click2Email for listings. You can use these features to quickly communicate with listing owners and also get rapid responses for your listings on 100floors.
We also offer Click2call - a service using which we can we dial you up along with the listing owner and connect both of you, however at this point this service is available only for premium listings. If you are interested in having click2call integrated with your listing, give us at shout at info@suksh.com or leave a message on our Contact us page.
As always, we would to hear feedback from you, tell us what is working, what is not, and we will continue to work to provide you with better listings from real people.
Have a problem with your property ? Talk to our legal experts!
Buying or selling property can be quite a hassle depending on how/ where and what the property is. As end users, must of us find it painful to understand the naunces of this process, especially some of the legal aspects which are involved in this process.
Based on an user study we did, here are some interesting facts
- More than 67% of people postpone selling / buying a property due to legal problems and litigations in their property.
- Alteast 70% of people found thought it was most important to do a second legal opinion check before buying a land or apartment, even from reputed builders.
- One in every 3 people found legal paperwork involved with the buy/ sell process to be very cumbersome and had people overcharging them for these services.
Considering aspects from our user study and other factors, we are decided to work on our legal service offerings.
Our legal services offering, include
- Chat with a lawyer online - Free - Start now on my100floors.com
- Explore and understand our offline legal services, starting from simple legal opinions to handling end to end property registration.
To learn more about our legal services offering
contact us at premiumservices@my100floors.com or call us on 08028440689 Ext: 28
Launching legal and valuation services
We have a major release coming up early next week, as we plan to launch out premium services. There are a bunch of things which are planned to be rolled out, including
- Talk to a lawyer - Property related legal chat - get free legal advice online and follow up with more offline legal services, all serviced at your door step
- Home Valuation services - Ever wondered how much your home was worth ? Or need a guarantee for your loan ? Getting an official valuation can help you with these.
More as we crunch and burn the oil to get this going!
Call us to post your property / real estate requirement
Need a 1BHK in Koramangala, Bangalore for rent immediately ?
Moving to Mumbai on that new job and need a place to stay ?
Want to put your olf flat on sale ?
Now all your real estate needs are just a phone call away - Call us on the following numbers and we will help you out with all your real estate needs.
IF you are real estate agent / broker - you can call us to list all your properties free of cost!
| Karnataka | 93795 - 13553 | Maharashtra | 93257 - 83553 | |
| Delhi, NCR, Gurgaon: | 93104 - 33553 | Tamilnadu | 93624 - 33553 | |
| Andhra Pradesh | 93468 - 63553 |