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Investing in Property

Questions Answered (17)

Must we invest in apartments or in plots for higher appreciation in bangalore ?

Aditya Verma

CEO & Business- Head
Makaan.com

It is completely your choice whether you want to move into apartment or construct a house. However, for better appreciation, you can look at following localities which comes under Top 50 investment options in India , a research conducted by Makaan.com. These localities appreciated from 10-30% last year, which is mentioned below and expected to give good returns in future

hi, how would you rate kundli, greater Gurgaon (Sohna) and dwarka express way from investment perspective with a 10 year time horizon.

Aditya Verma

CEO & Business- Head
Makaan.com

I see a good future for Sohna compared with Dwarka expressway as it has been planned very well. There is a good mix of residential and commercial activity which is critical for the success of any region. The corridor starting from Golf Course extension towards Badshapur and all the way to Sohna is at a stage that Gurgaon was about 7-8 years back. So between the two options I will prefer Sohna. Good luck for your investment :). Dwarka Expressway - Dwarka Expressway has come up essentially as a residential area with very little commercial activity. Typically such areas have limited grown potential.

Hello sir , 1)Want to ask is there gone be a price correction in real estate market in coming months? if yes what would be the margin of it 2)I am looking for 1rk in goregaon east or 1bhk in mira road east around 50lakhs what do u think is better option in terms of growth maximum i can stretch my self with 60 lac including all after sale expenses.

Aditya Verma

CEO & Business- Head
Makaan.com

Real estate sector went thru a challenging 1 ˝ years with high input cost, low transaction and unsold inventory. These factors kept a lid on the price appreciation. Many cities in India did not experience any significant price rise. With the new government coming in, we can hope for a sentiment revival and increase in transaction. I do not foresee a price correction in the coming months.

I would like to buy an apartment in Bangalore for around 40 Lkhs. But the water scarcity in the city is alarming should this be taken into account while buying the apt. or is it better to invest in a plot.

Aditya Verma

CEO & Business- Head
Makaan.com

Water is a very basic human requirement and needs to be taken into consideration if anyone would like to stay at a place for next 20-30 years. I am sure the local government would have the water table level for various locations in the city. If you are unable to find the relevant government department that has this information, you can look at online services that show the water levels of cities on a map. Among the areas that you finally shortlist, prefer areas that have adequate water table. It would be helpful both for investing and self use.

hi Aditya - i am selling my property in gurgaon over which i am getting an additional premium of Rs. 2.50 lakhs. the buyer is ready to pay this additional premium amount of Rs 2.50 lakhs through DD in my name.. as this amount is going to be reflected in my bank statement , is it liable for income tax and how much income tax , do i need to pay for receiving premium amount of Rs 2.50 lakhs.. please advise

Aditya Verma

CEO & Business- Head
Makaan.com

Yes, you will have to show this in your current year income. If you do not invest the proceed in another property, the premium will be considered as short term capital gains and income tax slab equivalent to your income will be applicable.

I would like to know about a project named " Navyangan " Intergrated Township in Pirangut - New Pune. Is it a good investment option ? or can you give me a better option in pune?

Aditya Verma

CEO & Business- Head
Makaan.com

I am sorry, as a policy we do not comment on any specific Builder / Project in public. However, I would urge you to check the past track record of the builder before making any investment. The property prices in Pune varies from 4000 to 6000 psf on an average depending on the location and the reputation of the developer. There are areas on the outskirts that may come in at a cheaper arte. In the given market situation, you can expect an appreciation of 5-8% per annum in the overall residential property market in Pune.

I wish to make an investemnt of around 15-20 Lakhs from a long term ( 10-15 year) horizon. I am residing in Delhi and loactions like NCR,Jaipur, Chandigarh shall be preferable. I already have bought a 2 BHK flat last year in Noida Extension. Maybe this time I would like to consider a plot. Request you to kindly guide on what are my options.

Aditya Verma

CEO & Business- Head
Makaan.com

If your preference is for plot, you can get good options in the Noida area specifically along Sector 150, Sector 166, Noida Extension, Sector 88

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Property rates in India

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Note
Mumbai Capital Values Rate/Sq ft (INR) (min / max)
Airoli 8300 - 10150
Ambernath 3050 - 3550
Anand Nagar 4450 - 5300
Andheri East 14000 - 17850
Andheri West 18300 - 23600
Badlapur 3050 - 3750
Balkum village 7600 - 9200
Bandra East 19950 - 25250
Bandra West 37450 - 48850
Belapur 7150 - 9150
Bhakti Park 19750 - 23650
Bhandup West 12850 - 16400
Bhayandar East 6400 - 7750
Borivali East 12200 - 15750
Borivali West 13600 - 17000
Breach Candy 53550 - 70700
CBD Belapur 8350 - 10700
Chandivali 16300 - 19700
Chembur 15050 - 19600
Colaba 40700 - 52150
Cuffe Parade 59900 - 75300
Dadar East 27100 - 35300
Dadar West 28550 - 37150
Dahisar East 9100 - 11450
Dahisar West 11950 - 14050
Dhokali 8700 - 10550
Dombivli 4900 - 6200
Dombivli East 4950 - 6200
Ghansoli 7950 - 10050
Ghatkopar East 11600 - 15200
Ghatkopar West 15400 - 19200
Ghodbunder Road 7900 - 9750
Goregaon East 13800 - 17750
Goregaon West 14000 - 18250
Juhu 29400 - 38950
Kalamboli 5100 - 6150
Kalwa 7600 - 9550
Kalyan 4950 - 6200
Kalyan West 4850 - 6000
Kamothe 5700 - 6550
Kandivali East 12750 - 16250
Kandivali West 12700 - 16400
Kanjurmarg East 13550 - 16800
Kanjurmarg West 13000 - 16950
Karanjade 4250 - 4900
Kasarvadavali 7600 - 9050
Khandeshwar 5550 - 6400
Khar West 34000 - 43850
Kharghar 6700 - 8500
Kolshet Road 9000 - 10550
Kopar Khairane 8350 - 10550
Lower Parel 29800 - 38850
Mahalakshmi 38650 - 51050
Majiwada 10300 - 12700
Malabar Hill 65100 - 84300
Malad East 12350 - 15550
Malad West 13500 - 17700
Manpada 9700 - 11800
Mira Bhaiyandar Road 6450 - 7650
Mira Road 6650 - 8100
Mulund East 13400 - 16950
Mulund West 12500 - 16400
Naigaon 3600 - 4250
Nallasopara 3700 - 4650
Nepean Sea Road 59900 - 77600
Nerul 10200 - 13250
New Panvel 4000 - 5050
Palm Beach 14900 - 18650
Palm Beach Road 14650 - 18200
Panvel 4350 - 5600
Parel 22350 - 30600
Peddar Road 46050 - 57800
Pokharan Road No. 2 10500 - 12650
Pokhran Road 10800 - 13050
Powai 17150 - 21700
Prabhadevi 35450 - 46300
Road Pali 5350 - 6350
Sanpada 11350 - 14850
Santacruz East 17650 - 21650
Santacruz West 31500 - 40350
Seawoods 9050 - 11450
Sewri 29300 - 38100
Sion 17600 - 23400
Taloja 3900 - 4900
Taloje Panchanand 3900 - 4500
Tardeo 39900 - 53400
Thane West 8650 - 11200
Ulwe 4700 - 5700
Vasai 4450 - 5700
Vasant Vihar 26800 - 36150
Vashi 10000 - 13300
Vile Parle East 22850 - 28900
Vile Parle West 24650 - 30700
Virar 4100 - 5150
Wadala 17900 - 21600
Waghbil 8500 - 10200
Worli 33500 - 42650
New Delhi Capital Values Rate/Sq ft (INR) (min / max)
Alaknanda 14150 - 17600
Anand Lok 32250 - 43500
Anand Niketan 29650 - 39050
Aya Nagar 3450 - 4250
Chanakyapuri 64350 - 87250
Chattarpur 4350 - 5700
Chirag Enclave 21050 - 25400
Chittaranjan Park 14300 - 18300
Defence Colony 27800 - 35700
Deoli 3600 - 4250
Dilshad Garden 7000 - 9750
Dwarka 7950 - 9900
Dwarka Mor 4350 - 5600
Dwarka Sector-1 7200 - 9000
Dwarka Sector-10 8300 - 10200
Dwarka Sector-11 8850 - 10900
Dwarka Sector-12 8400 - 10350
Dwarka Sector-13 7950 - 9900
Dwarka Sector-14 8400 - 10400
Dwarka Sector-16B 7750 - 10000
Dwarka Sector-17 7500 - 9900
Dwarka Sector-18 8650 - 10300
Dwarka Sector-19 8400 - 10150
Dwarka Sector-2 8550 - 10300
Dwarka Sector-22 8850 - 10800
Dwarka Sector-23 8350 - 10250
Dwarka Sector-3 7800 - 9450
Dwarka Sector-4 8250 - 9950
Dwarka Sector-5 8350 - 10000
Dwarka Sector-6 8600 - 10200
Dwarka Sector-7 8250 - 9950
Dwarka Sector-8 7000 - 8400
Dwarka Sector-9 8150 - 9600
East of Kailash 16500 - 21250
Friends Colony East 21900 - 28700
Friends Colony West 18600 - 24350
Geetanjali Enclave 18400 - 23150
Govindpuri 4200 - 5350
Greater Kailash Encl I 18050 - 23250
Greater Kailash Encl II 18050 - 23600
Greater Kailash I 17150 - 22250
Greater Kailash II 17600 - 22650
Greater Kailash III 18250 - 23850
Green Park 18850 - 24050
Green Park Extn 18800 - 24200
Gulmohar Park 24750 - 32600
Hari Nagar 7150 - 8950
Hauz Khas 19800 - 25600
Hauz Khas Enclave 21100 - 26550
Hemkunt Colony 19200 - 23550
Indraprastha Extn 10800 - 13500
Janakpuri 11750 - 15150
Jangpura Extension 18250 - 23700
Jasola 11050 - 14000
Jor Bagh 49050 - 67250
Kailash Colony 16450 - 21500
Kalkaji 13500 - 17700
Kalkaji Extn 9550 - 11950
Khanpur 3500 - 4400
Khirki Extn 5700 - 6800
Kirti Nagar 11250 - 14700
Lajpat Nagar-I 11950 - 15750
Lajpat Nagar-II 13600 - 18400
Lajpat Nagar-III 18100 - 23300
Lakshmi Nagar 5750 - 7750
Mahavir Enclave 4950 - 6050
Mahavir Enclave-I 5100 - 6200
Malviya Nagar 10500 - 13550
Manasarover Garden 9650 - 12400
Mansa Ram Park 4050 - 4950
Mayur Vihar Ph-I 11850 - 15100
Mayur Vihar Ph-II 9850 - 12950
Mayur Vihar Ph-III 7850 - 10150
Mehrauli 3650 - 4850
Model Town 12150 - 14800
Mohan Garden 3700 - 4700
Moti Nagar 12650 - 14650
Navjivan Vihar 20450 - 27150
Neb Valley 4200 - 5200
Neeti Bagh 24400 - 31250
Nehru Enclave 14750 - 19300
New Ashok Nagar 4550 - 5650
New Friends Colony 19700 - 26200
Nizamuddin East 32300 - 39100
Nizamuddin West 24000 - 28000
Pamposh Enclave 20950 - 26350
Panchsheel Enclave 20600 - 26750
Panchshila Park 22550 - 29400
Pandav Nagar 5750 - 7100
Paryavaran Complex 4850 - 6150
Paschim Vihar 10200 - 12800
Patel Nagar West 8800 - 11050
Patparganj 10850 - 13250
Pitampura 11300 - 14250
Prashant Vihar 11350 - 13550
Punjabi Bagh 13000 - 16900
Punjabi Bagh West 13200 - 16950
Rajouri Garden 10650 - 13600
Rama Park 4950 - 6700
Ramesh Nagar 8250 - 10600
Rohini 8100 - 10850
Rohini Sector-13 11500 - 14900
Rohini Sector-14 11750 - 14950
Rohini Sector-16 6950 - 9300
Rohini Sector-21 6000 - 7400
Rohini Sector-23 7150 - 8600
Rohini Sector-24 7400 - 9350
Rohini Sector-25 6750 - 8150
Rohini Sector-28 5800 - 7200
Rohini Sector-7 8800 - 11100
Rohini Sector-8 9700 - 12700
Rohini Sector-9 11700 - 14550
Safdarjang Dev Area 23600 - 31250
Safdarjung Enclave 20300 - 25850
Saket 16750 - 21200
Sarita Vihar 10150 - 12650
Sarvapriya Vihar 20250 - 25600
Sarvodaya Enclave 19050 - 23800
Shahdara 4850 - 6600
Shakarpur 5350 - 6750
Shalimar Bagh 8750 - 11200
Shastri Nagar 5950 - 7550
Sheikh Sarai Phase II 10450 - 12450
Shiv Nagar 7100 - 10000
Shivalik 15450 - 19400
Soami Nagar 21200 - 29300
South Ext-I 15200 - 21050
South Ext-II 18650 - 23650
Subhash Nagar 7150 - 10500
Sukhdev Vihar 16600 - 22350
Uday Park 21600 - 27250
Uttam Nagar 3850 - 4950
Uttam Nagar East 4450 - 6200
Vasant Kunj 13000 - 16700
Vasant Kunj Sector-A 13150 - 15800
Vasant Kunj Sector-B 15500 - 20100
Vasant Kunj Sector-C 15100 - 19300
Vasant Kunj Sector-D 11600 - 14950
Vasant Vihar 26800 - 36150
Vasundhara Enclave 9500 - 11600
Vikaspuri 9050 - 11500
Virendra Nagar 6500 - 8050
West End 34800 - 45100
Kolkata Capital Values Rate/Sq ft (INR) (min / max)
Agarpara 2300 - 2650
Airport 2700 - 3350
Ajoy Nagar 4450 - 5800
Alipore 9950 - 13350
Bablatala 2750 - 3050
Baghajatin 3300 - 4250
Bagnihati 2850 - 3600
Baguiati 2800 - 3550
Baishnabghata 3800 - 4750
Ballygunge 9500 - 12600
Ballygunge Circular Area 11000 - 15050
Bangur 4150 - 5100
Banshdroni 2950 - 3750
Baranagar 3000 - 3700
Barasat 2000 - 2550
Barrackpore 2700 - 3400
Baruipur 2200 - 2750
Bata Nagar 2550 - 2950
Behala 3250 - 4200
Beleghata 5850 - 7200
Belgharia Expressway 2700 - 3250
Belghoria 2750 - 3450
Bhawanipur 8000 - 10100
Birati 2550 - 3350
BT Road 3300 - 4100
Bypass 6600 - 8600
Chetla 4800 - 6100
Chinar Park Bus Stop 3550 - 4350
City Centre Newtown 3850 - 5100
Deshapriya Park 8800 - 10800
Dhakuria -East 4250 - 5600
Dhakuria -South East 4400 - 5150
Diamond Harbour Road 2700 - 3600
Dover Lane 8400 - 12150
Dum Dum 3100 - 3950
Dum Dum Cantonment 2350 - 2800
Dunlop 3100 - 3700
Durganagar 2300 - 2550
EM Bypass 5100 - 7100
EM Bypass Extension 3550 - 4600
EM Bypass South East 4100 - 5200
Entally 5400 - 6850
Ganguli Bagan 3500 - 4100
Garia 3200 - 4100
Garia Boral Road 2700 - 3200
Gariahat 7500 - 10250
Golf Club Road 6400 - 7650
Golf Green 5700 - 7250
Golpark 6700 - 9200
Haltu 3800 - 4500
Haridevpur 3000 - 3900
Hazra 7650 - 9350
Hindustan Park 10800 - 13050
Howrah 2900 - 3850
INO Airport 2750 - 3250
Jadavpur 4300 - 5700
Jessore Road 4000 - 5300
Jodhpur Park 7300 - 9100
Joka 2100 - 3000
Kaikhali 3100 - 3800
Kakurgachi 6350 - 8350
Kalighat 7200 - 9150
Kalikapur 3900 - 4850
Kamalgazi 3450 - 4300
Kankurgachhi 7600 - 9550
Kankurgachi -West 5750 - 7600
Kasba -East 4200 - 5400
Kasba -North 4300 - 5400
Kestopur 2950 - 3550
Khanna 6350 - 7100
Khardah 2250 - 2600
Khudiram 3800 - 4750
Lake Gardens 5400 - 6650
Lake Town 4250 - 5600
Lansdown Road 8500 - 10650
Madhyamgram 2400 - 2850
Madurdaha 3850 - 4550
Maheshtala 2900 - 3300
Malancha Mahinagar 2550 - 3350
Maniktala 5800 - 7500
Moore Ave 4350 - 5700
Motilal Gupta Road 3500 - 4250
Mukundpur 3000 - 3500
Nager Bazar 3250 - 4150
Naktala 3400 - 4300
Narendrapur 2900 - 3700
Nayabad 3050 - 3500
Netaji Nagar 3650 - 5050
New Alipore 5450 - 7150
New Garia Metro Station 3900 - 5350
New Town 4350 - 5500
New Town Action Area 1 4950 - 6300
New Town Action Area 2 4500 - 5650
New Town Action Area 3 4450 - 5400
P Majumder Road 3900 - 4750
Palm Avenue 6850 - 8850
Park Circus 6550 - 8700
Patuli 3550 - 4350
Phool Bagan 5500 - 6750
Picnic Garden 4050 - 5150
Prince Anwar Shah Road 9400 - 12550
Purbalok 4000 - 4700
Rabindra Sarobar Area 6250 - 8050
Rajarhat 3150 - 4100
Rajarhat Chowmatha 2650 - 3150
Rajarhat Main Road 3300 - 4200
Rajpur Market 2650 - 3150
Ramgarh 3750 - 4300
Rashbehari Avenue 8850 - 11550
Ruby Hospital 4300 - 5500
Sakher Bazar 3250 - 3900
Salt Lake 5400 - 6950
Santoshpur 3800 - 4600
Sarat Bose Road 9850 - 11900
Satgachi 2900 - 3550
Sealdah 6400 - 7800
Sector V 3600 - 4500
Selimpur 4400 - 5800
Shyam Bazar 5500 - 6800
Sinthi 2950 - 4000
Sodepur 2700 - 3600
Sonarpur 2700 - 3300
Southern Avenue 9300 - 11600
Tangra 5500 - 7250
Tegharia 3350 - 4100
Teghoria 3300 - 4000
Thakur Pukur 2700 - 3550
Tollygunje 3800 - 5100
Topsia 5500 - 6650
Ultadanga 5450 - 7350
Uniwold City 4900 - 5650
Uttarpara 2400 - 3000
VIP Road 2650 - 3100
Hyderabad Capital Values Rate/Sq ft (INR) (min / max)
Alwal 2350 - 3000
Ameerpet 3900 - 4800
Appa Junction 2950 - 3550
AS Rao Nagar 2000 - 2600
Attapur 2700 - 3450
Bachupalli 2200 - 2650
Bandlaguda (Jagir) 2750 - 3100
Banjara Hills 5750 - 7700
Begumpet 4150 - 5200
Bodupal 1950 - 2350
Bowenpally 2350 - 2950
Chanda Nagar 2800 - 3350
DD Colony 4550 - 5150
Gachibowli 3700 - 4850
Habsiguda 3000 - 3850
Hafeezpet 3300 - 4000
Himayath Nagar 4650 - 6000
Hitech City 4050 - 5100
Hyder Nagar 3250 - 4000
Jubilee Hills 5700 - 7400
Kavadiguda 4600 - 5450
Kompally 2200 - 2700
Kondapur 3350 - 4100
Kothaguda 3700 - 4500
Kothapet 2350 - 3000
KPHB Colony 3600 - 4750
Kukatpally 2800 - 3700
LB Nagar 2600 - 3300
Madhapur 4200 - 5400
Madinaguda 2900 - 3550
Malkajgiri 2100 - 2850
Manikonda 2450 - 2950
Mehedipatnam 3100 - 4000
Miyapur 2800 - 3500
Nagole 2600 - 3050
Nallagandla 2700 - 3250
Nallakunta 3550 - 4500
Nanakramguda 3600 - 4100
Nandagiri Hills 8000 - 9050
Narsingi 2600 - 3450
Nizampet 2100 - 2600
Nizampet Village 1700 - 2150
Pragati Nagar 2150 - 2700
Rajendra Nagar 4100 - 5250
Sainikpuri 2350 - 2950
Sanath Nagar 4450 - 5450
Somajiguda 4950 - 6600
Srinagar Colony 4400 - 5350
Tarnaka 3200 - 4050
Tellapur 2300 - 3250
Uppal 2300 - 2700
West Marredpally 3550 - 4800
Bangalore Capital Values Rate/Sq ft (INR) (min / max)
Amrutahalli 4050 - 5150
Attibele 2300 - 2600
Babu Sahibpalya- Hennuru 3800 - 4650
Banashankari 5450 - 7350
Banashankari Stage 3 4000 - 4950
Banasvadi 3850 - 4800
Bannerghatta Road 3500 - 4700
Begur Road 3050 - 3750
Bellandur 4250 - 5650
Bommanahalli 3450 - 4350
Brooke Field 4700 - 5850
BTM Layout 5150 - 6650
Chandapura 2550 - 2900
Cookes Town 6500 - 8400
CV Raman Nagar 3550 - 4550
Devanahalli 3700 - 4300
Doddaballapur Road 3600 - 4700
Electronic City 3000 - 4000
Frazer Town 6200 - 8350
Harlur 4600 - 6000
Harlur Road 4800 - 6300
HBR Layout 3600 - 4600
Hebbal 4900 - 6750
Hennur 3750 - 5100
Hennur Main Road 3850 - 5200
Hennur Road 4250 - 5500
Hoodi 3400 - 4450
Hormavu 3500 - 4350
Hosa Road 3100 - 4050
Hosur Road 3100 - 3850
HRBR Layout 5300 - 6850
HSR Layout 3950 - 5200
ITPL 3950 - 4850
Jakkur 4150 - 5050
Jalahalli 4150 - 5550
JP Nagar 4150 - 5550
JP Nagar Phase 6 5000 - 6200
JP Nagar Phase 7 4400 - 5950
JP Nagar Phase 8 3700 - 4550
Kadugodi 3300 - 4150
Kaggadaspura 3550 - 4250
Kalyan Nagar 3400 - 4150
Kanakapura Road 4000 - 5350
Kasturi Nagar 4800 - 5850
Kengeri 3150 - 3700
Koramangala 7150 - 9500
KR Puram 3250 - 4100
Krishnarajapura 3200 - 3900
Kudlu 3800 - 4850
Kundalahalli 3400 - 4400
Mahadevpura 3950 - 5000
Malleswaram 10800 - 13950
Marathahalli 3700 - 4900
Mysore Road 3450 - 4150
Nagarbhavi 3150 - 4050
Nagawara 3850 - 4950
Old Airport Road 4800 - 6200
Old Madras Road 3950 - 4800
OMBR Layout 4650 - 5650
Outer Ring Road 4600 - 6350
Rajarajeshwari Nagar 3300 - 3850
Ramamurthi Nagar 3400 - 4400
RR Nagar 3250 - 3900
RT Nagar 4000 - 5150
Sahakar Nagar 4550 - 6100
Sanjay Nagar 6100 - 7800
Sarjapur 3200 - 4350
Sarjapur Road 3700 - 5000
Silk Board 3300 - 4400
Singasandra 3600 - 4300
TC Palya 3200 - 3850
Thannisandra Road 4000 - 5250
Tumkur Road 4000 - 5250
Uttarahalli 3300 - 3800
Varthur 3400 - 4350
Vidyaranyapura 3150 - 4200
Whitefield 4100 - 5550
Yelahanka 3950 - 5200
Yelahanka New Town 4050 - 5450
Yeshwanthpura 6600 - 8100
Chennai Capital Values Rate/Sq ft (INR) (min / max)
Adambakkam 5500 - 6750
Adyar 12550 - 16450
Alandur 5400 - 6350
Alwarpet 13700 - 18750
Ambattur 4050 - 4850
Anakaputhur 3300 - 3750
Anna Nagar 9150 - 11900
Anna Nagar East 10350 - 11950
Anna Nagar West 7450 - 10050
Anna Nagar West Extension 7350 - 8950
Arumbakkam 8300 - 10750
Ashok Nagar 8950 - 11800
Avadi 3200 - 4050
Ayanampakkam 3850 - 4650
Ayanavaram 6950 - 9350
Ayyapakkam 4100 - 4950
Besant Nagar 13500 - 16050
Chetpet 10650 - 14050
Chitlapakkam 4550 - 5200
Choolaimedu 7550 - 9750
Chromepet 4350 - 5150
Egmore 13650 - 17950
Gerugambakkam 3700 - 4600
Guduvancheri 3050 - 3550
Iyyapanthangal 3900 - 4300
Jalladiampet 4100 - 4600
Kalavakkam 3300 - 3900
Karapakkam 4450 - 4850
Kattupakkam 3600 - 4400
Kelambakkam 3400 - 4200
Kilkattalai 4550 - 5100
Kilpauk 10400 - 13050
KK Nagar 6750 - 9050
Kodambakkam 7100 - 9250
Kodungaiyur 4250 - 4700
Kolapakkam 4200 - 4600
Kolathur 4250 - 5450
Korattur 5650 - 7200
Kottivakkam 5400 - 7200
Kotturpuram 11800 - 15200
Kovilambakkam 4200 - 4950
Koyambedu 6200 - 7550
Kundrathur 3350 - 3750
Madambakkam 3750 - 4400
Madanandapuram 4300 - 5100
Madhavaram 3800 - 4500
Madipakkam 4550 - 5400
Maduravoyal 4550 - 5400
Manapakkam 5350 - 6250
Mangadu 3650 - 4050
Maraimalai Nagar 2850 - 3550
Medavakkam 4350 - 5250
Mogappair 5450 - 6650
Mogappair West 5000 - 6050
MRC Nagar 17450 - 22450
Mudichur 3450 - 3850
Mugaliwakkam 4500 - 5450
Mylapore 13500 - 18550
Nandanam 12450 - 16300
Nanganallur 5800 - 7300
Nanmangalam 3800 - 4450
Navalur 3900 - 4950
Nolambur 5450 - 6300
Nungambakkam 11750 - 16050
OMR 4150 - 5150
Oragadam 2750 - 3550
Padi 6700 - 7700
Padur 3750 - 4300
Pallavaram 4550 - 5350
Pallikaranai 4350 - 5100
Pammal 3800 - 4700
Pattabiram 3150 - 3200
Perambur 5150 - 6400
Perumbakkam 3950 - 4750
Perungalathur 3800 - 4400
Perungudi 5700 - 6900
Poonamallee 3750 - 4500
Poonamalleen Bypass Road 3250 - 4000
Porur 4250 - 5500
Pozhichalur 3400 - 3700
Puzhudi Vakkam 4350 - 5400
RA Puram 17150 - 23750
Rajakipakkam 4250 - 4900
Ramapuram 6100 - 6900
Saidapet 7100 - 9100
Saligramam 6800 - 8650
Santhome 9250 - 11800
Selaiyur 4000 - 4850
Sembakkam 4200 - 4850
Semenjeri 4050 - 4950
Sholinganallur 4550 - 5700
Siruseri 3400 - 4050
Sithalapakkam 3500 - 4100
Sriperumbudur 2700 - 3450
T Nagar 9450 - 12450
Tambaram 3700 - 4500
Tambaram East 3750 - 4450
Tambaram West 3550 - 4250
Thirumullaivoyal 3550 - 4150
Thiruporur 3100 - 3550
Thiruvallur 2650 - 3150
Thiruvanmiyur 10150 - 13450
Thiruverkadu 3800 - 4550
Thoraipakkam 5150 - 6350
Ullagaram 5200 - 5450
Urapakkam 3200 - 3750
Vadapalani 6750 - 8400
Valasaravakkam 5650 - 6750
Vandalur 3400 - 4050
Velachery 5800 - 7350
Vengaivasal 3600 - 4250
Villivakkam 5300 - 6350
Virugambakkam 6050 - 7650
West Mambalam 8800 - 12000
Pune Capital Values Rate/Sq ft (INR) (min / max)
Akurdi 4600 - 6000
Alandi 3150 - 4000
Ambe Gaon 4650 - 5700
Anand Nagar 4450 - 5300
Aundh 7600 - 9800
Balewadi 6000 - 7050
Bandewadi 5950 - 7100
Baner 6350 - 7750
Baner Balewadi Road 6500 - 7700
Baner Pashan Link Road 6750 - 7950
Baner Road 6650 - 8150
Bavdhan 6150 - 7250
Bhandarkar Road 14550 - 17950
Bharati Vidyapeeth 5050 - 6300
Bhosale Nagar 13700 - 16600
Bhosari 3750 - 4750
Bhosari Pradhikaran 4600 - 5500
Bhugaon 5300 - 6250
Bhusari Colony 7250 - 8750
Bibwewadi 6700 - 8600
Boat Club Road 13750 - 17550
Bopodi 5250 - 6800
BT Kawade Road 6000 - 7300
Bund Garden 9500 - 13100
Camp 6700 - 8750
Chakan 2850 - 3450
Chikhali 4250 - 5300
Chinchwad 5050 - 6350
Chinchwad Gaon 4900 - 6100
Dange Chowk 5400 - 6150
Dhankawadi 4200 - 5450
Dhanori 4300 - 5250
Dhanori Lohegaon Road 4200 - 5100
Dhayari Road 5000 - 5700
Dhole Patil Road 9900 - 11800
Dighi 3900 - 4600
Erandwane 12350 - 15400
Fatima Nagar 5750 - 7000
FC Road 8050 - 12350
Fursungi 3900 - 4750
Gahunje 5050 - 6400
Hadapsar 4700 - 6250
Handewadi 4000 - 4850
Handewadi Road 4100 - 5050
Hinjewadi 5250 - 6400
Kalewadi 5100 - 5800
Kalyani Nagar 7650 - 9950
Karve Nagar 8200 - 10500
Karve Road 10300 - 13750
Kasarwadi 4750 - 5800
Katraj 4650 - 5900
Keshav Nagar 4550 - 5500
Kharadi 5550 - 6700
Kharadi Infotech Park 5600 - 6650
Kiwale 3950 - 4900
Kondhwa 4550 - 5750
Kondhwa Annexe 4100 - 5100
Kondhwa Budruk 4400 - 5550
Kondhwa Khurd 4400 - 5800
Koregaon Park 9600 - 12850
Kothrud 8050 - 10350
Law College 14850 - 18450
Law College Road 14100 - 17100
Lohegaon 4000 - 4950
Lonavala 2600 - 2650
Lulla Nagar 5950 - 7850
Magarpatta 6850 - 8250
Mangaldas Road 9800 - 13300
Manjri 4400 - 5600
Market Yard 6650 - 8850
Model Colony 13200 - 17250
Mohamadwadi 4600 - 5450
Moshi 4250 - 5200
Mukund Nagar 12650 - 14950
Mundhwa 4700 - 5750
Nagar Road 5050 - 6500
Nana Peth 7300 - 8350
Narayan Peth 8200 - 10100
Narhe 4500 - 5450
Navi Peth 8800 - 10950
New Sangvi 4800 - 6100
NIBM Annexe 4800 - 6000
NIBM Road 5550 - 6650
Nigdi 4850 - 6450
Pashan 5800 - 7300
Pashan-Sus Road 6250 - 7250
Paud Road 7900 - 10200
PC Pimpri 4450 - 5600
Phursungi 3800 - 4750
Pimple Gurav 5650 - 6700
Pimple Nilakh 6050 - 7150
Pimple Saudagar 5750 - 6750
Pimpri 4950 - 6150
Pimpri Chinchwad 5100 - 6250
Pirangut 3250 - 3900
Pisoli 3900 - 4650
Prabhat Road 16350 - 19150
Punawale 4350 - 5200
Pune-Sholapur Road 4600 - 5400
Rahatni 5000 - 6050
Ravet 4700 - 5700
Sadashiv Peth 9700 - 12050
Sahakar Nagar 4550 - 6100
Salisbury Park 10150 - 13200
Salunke Vihar 5550 - 6550
Sasane Nagar 4600 - 5550
Satara Road 8150 - 11950
Senapati Bapat Road 9950 - 13600
Shaniwar Peth 7550 - 9800
Shastri Nagar 5950 - 7550
Shivaji Nagar 11300 - 15150
Shivane 3550 - 4800
Shukrawar Peth 7450 - 9750
Sinhgad Road 5550 - 7150
Somwar Peth 6900 - 8000
Sopan Baug 8550 - 11000
Sus 4750 - 5750
Sus Road 5050 - 6200
Talegaon 3100 - 3850
Tathawade 5150 - 5850
Thergaon 5150 - 6100
Tingre Nagar 4550 - 5750
Undri 4300 - 5450
Viman Nagar 6450 - 7900
Vishrantwadi 5150 - 6350
VL Vishrantivadi 5200 - 6650
Wadgaon Budruk 5250 - 6300
Wadgaon Sheri 5400 - 6800
Wagholi 3950 - 4900
Wagholi Nagar Road 4100 - 5100
Wakad 5600 - 6550
Wanowrie 6100 - 7600
Wanwadi 6250 - 7900
Warje 6000 - 7300
Yerwada 5000 - 6650
Noida Capital Values Rate/Sq ft (INR) (min / max)
Hindan Vihar 2850 - 3750
Noida Expressway 4350 - 5500
Sector-100 5750 - 6650
Sector-104 7300 - 8350
Sector-105 5200 - 6250
Sector-107 4650 - 5550
Sector-108 5600 - 6750
Sector-110 2900 - 3250
Sector-113 11200 - 11750
Sector-117 4150 - 4800
Sector-118 4000 - 4450
Sector-119 4650 - 5500
Sector-120 4850 - 5700
Sector-121 4400 - 5350
Sector-128 6250 - 8200
Sector-129 4600 - 5100
Sector-131 4750 - 5750
Sector-133 4250 - 4800
Sector-134 4150 - 4700
Sector-135 4250 - 4800
Sector-137 4850 - 5400
Sector-143 4200 - 4800
Sector-150 4250 - 5000
Sector-151 3250 - 3600
Sector-168 4700 - 5300
Sector-25 7150 - 8700
Sector-28 4650 - 6050
Sector-29 7150 - 8600
Sector-32 7550 - 8600
Sector-34 4150 - 4450
Sector-37 6300 - 7900
Sector-44 11550 - 14150
Sector-45 6800 - 8750
Sector-46 5000 - 6050
Sector-49 3600 - 4450
Sector-50 9000 - 10850
Sector-51 7450 - 9350
Sector-52 6300 - 8300
Sector-61 8350 - 8950
Sector-62 8450 - 10150
Sector-70 3150 - 3700
Sector-72 7150 - 8300
Sector-73 4500 - 5050
Sector-74 4750 - 5350
Sector-75 3350 - 4100
Sector-76 3100 - 3900
Sector-77 3150 - 3800
Sector-78 3450 - 4150
Sector-79 4300 - 5250
Sector-82 4050 - 4600
Sector-86 3650 - 4350
Sector-92 3800 - 4950
Sector-93 3400 - 3850
Sector-94 9950 - 12350
Sector-96 8000 - 9100
Sector-99 4600 - 5500
Taj Expressway 2350 - 2950
Gurgaon Capital Values Rate/Sq ft (INR) (min / max)
Ardee City 6750 - 8450
Central Park 2 9350 - 10450
Dlf City Phase I 9150 - 11450
Dlf City Phase II 10400 - 13650
Dlf City Phase III 10850 - 12900
Dlf City Phase IV 11450 - 13400
Dlf City Phase V 12600 - 14150
Dwarka Expressway 4600 - 6000
Dwarka-Manesar Expressway 3850 - 4800
Golf Course Extension Road 7700 - 9900
Golf Course Road 12000 - 14750
Gurgaon - Faridabad Road 7450 - 9100
Heritage City 11600 - 13700
IMT Manesar 3700 - 4550
Malibu Town 7850 - 9650
Manesar 3850 - 4750
MG Road 10950 - 12950
Nirvana Country 8500 - 10050
Orchid Petal 8850 - 9400
Palam Vihar 7350 - 9200
Rosewood Block- C 9400 - 11100
Rosewood Block- D 7550 - 10150
Sector 104 6850 - 8400
Sector-102 5050 - 6350
Sector-103 3850 - 4650
Sector-106 5050 - 5950
Sector-107 4650 - 5550
Sector-108 5600 - 6750
Sector-109 5550 - 6650
Sector-10A 4900 - 5800
Sector-110 2900 - 3250
Sector-111 6950 - 8500
Sector-112 5450 - 7200
Sector-15 8600 - 10800
Sector-22 9400 - 11300
Sector-23 6500 - 9100
Sector-28 4650 - 6050
Sector-30 11100 - 13700
Sector-31 10200 - 13000
Sector-33 7400 - 8600
Sector-37C 4050 - 4950
Sector-37D 4200 - 5050
Sector-38 5600 - 7000
Sector-39 6700 - 8150
Sector-40 7400 - 9750
Sector-42 14100 - 18100
Sector-43 7900 - 10100
Sector-45 6800 - 8750
Sector-46 5000 - 6050
Sector-47 8050 - 10350
Sector-48 8650 - 10500
Sector-49 3600 - 4450
Sector-50 9000 - 10850
Sector-51 7450 - 9350
Sector-52 6300 - 8300
Sector-53 11200 - 13450
Sector-54 10650 - 14000
Sector-55 6700 - 8200
Sector-56 7150 - 8650
Sector-57 7450 - 9350
Sector-58 10800 - 12150
Sector-59 9350 - 9850
Sector-60 9350 - 11000
Sector-61 8350 - 8950
Sector-62 8450 - 10150
Sector-63 6950 - 7950
Sector-65 6450 - 8100
Sector-66 7650 - 8900
Sector-67 6850 - 8300
Sector-68 4750 - 6350
Sector-69 5750 - 6400
Sector-70 3150 - 3700
Sector-71 5950 - 6450
Sector-72 7150 - 8300
Sector-73 4500 - 5050
Sector-76 3100 - 3900
Sector-77 3150 - 3800
Sector-78 3450 - 4150
Sector-79 4300 - 5250
Sector-80 3250 - 3850
Sector-81 3450 - 4900
Sector-82 4050 - 4600
Sector-83 4950 - 6000
Sector-84 3450 - 4000
Sector-85 3100 - 4050
Sector-86 3650 - 4350
Sector-88 3300 - 3900
Sector-89 2900 - 3500
Sector-9 6600 - 8450
Sector-90 4100 - 4950
Sector-91 2850 - 3700
Sector-92 3800 - 4950
Sector-93 3400 - 3850
Sector-95 3900 - 4600
Sector-99 4600 - 5500
Sohna Road 7600 - 9750
South City I 9700 - 12450
South City II 7450 - 9600
Sushant Lok 8850 - 11450
Sushant Lok III 6950 - 8550
Sushant Lok-I 8600 - 11250
Sushant lok-II 6950 - 8600
UNITECH 8150 - 9300
Uppal Southend 7300 - 8850
Vatika City 9450 - 10750
  • Excessive supply in a city or area means less demand

    Most cities have pockets with excessive supply, as well as pockets wherein supply is severely constrained. Despite concern about economic...

  • The metros are still the best places to invest in real estate

    Property prices in many of the metros have skyrocketed. Investors observe these trends, analyse the magnitude and scope of activity,...

  • Major Indian developers are abandoning the MIG sector and concentrating on high-end residential projects because it makes better business sense.

    Most big-banner developers still see sense in constructing mid-income housing projects, since they can construct more volumes. The demand in...

  • There is a 'bubble' in the Indian real estate market, and it will burst soon

    It is certainly true that many units in cities are not proving to be slow movers because of the current...

Tools

Anuj Puri

Chairman & Country Head , Jones Lang LaSalle India

(08 Oct- 12:00hrs)

Construction of Prime Properties

A special area or industrial belt for purpose of trading activity approved by the government is known as?

Special Economic Zone

Domestic Tariff Area

Shopping Malls

Township

SUBMIT

CLASSROOM

Difference between leasehold and freehold property?

Naushad Panjwani, Sr ED ,Knight Frank India explains difference between leasehold and freehold property.

Feb 03 2014,19:18

FAQs

Q.
Who is liable to pay Stamp Duty-the buyer or the seller?

The buyer is liable to pay the stamp duty.

Q.
Is a POA revocable?

Yes, a POA can be either revocable or irrevocable, depending on what sort of a POA one has made.

Q.
Is there any way by which I can claim exemption from tax on capital gain?

Several options are available for saving capital gains. For example, in the first place invest in a residential house property or a flat to make investment so as to see that capital gains are exempted. Likewise, if a person were to make the investment in REC or NHAI bonds then also he enjoys complete exemption from the long-term capital gain payable by him in respect of capital gains due.

Q.
What is the difference between built up area, super built up area, and carpet area?

Carpet Area: Carpet Area of a property is defined as the net usable area from the inner sides of one wall to another. Carpet Area comprises of the carpet area of the demised premise, toilet areas within the demised premises, AHU room/s within the demised premises and dedicated service areas for the demised premises. Built-up Area (BUA): BUA consists of carpet area, area covered by inner and outer walls and additional areas mandated by the authority such as flower beds, dry balcony etc. Super Built-up Area (SBUA): SBUA consists of BUA and the proportionate area under the common spaces of a building like lobby, staircases and elevators.

Q.
Does it make sense to buy a home now?

That depends on one's actual objectives and level of need. If one is a first-time home buyer, attempting to time the market makes little sense. Any correction will be a brief phenomenon, and prices inevitably rise again. This is a risky game that only investors should play.

Q.
What are the different ways of investing in commercial property?

There are three ways to invest in commercial real estate - directly buy office space from a developer, buy shares of a commercial developer from the stock market, or invest in a real estate fund focused on commercial real estate. As the quantum of investment is usually huge, the prospective buyer needs to take more informed decisions.

Q.
Does availing of a teaser loan make sense?

Availing of a temporarily discounted home loan without taking a protracted view of one's financial position is not advisable. One should be aware of the manner in which one's finances will be affected after the teaser period is over and real-time lending rates kick in.

Q.
What are the tax implications of sale of any house property, commercial or residential?

For the purpose of Real Estate the Long-term Capital gain would be only if you hold the property for more than three years, then it is subjected to tax @20%. In case you sell the property in less than three years time then it would become short-term Capital Gain and the same is required to be taxed at the prevailing tax schedule of the rate applicable to the assessee depending on his other incomes.

Q.
What are all the important documents one should check before buying any property?

While purchasing a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout title search, etc.

Q.
What are the possible returns of investing in commercial versus residential property on rent?

The rental yield for commercial property is usually 9-12%. In contrast, the yield for residential property is much lower at 3-4%.

Q.
Which are the instruments that attract the payment of Stamp Duty?

The instruments like Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty on market value of the property.

Q.
What are the factors to keep in mind while investing in residential property for capital appreciation?

The fundamental aims of any residential property investment should be to maximise yield as well as capital gains and to reduce the risk as far as possible. To illustrate, renovating and embellishing a property makes it eligible for a higher rent, which means maximised yield. Property investment aimed at capital gains involves buying real estate cheap and selling it at a higher rate, thereby maximising one's ROI. An astute investor will also buy a well-located property at a high price if the rental market is booming, since this makes it possible to rent it out for as long as it takes price to rise again.

Q.
What are the risks associated in buying a flat on Power Of Attorney (POA) basis?

Purchasing a flat on a POA basis is not permitted.

Q.
What exactly do we mean by a Free Hold flat? What are the advantages and disadvantages, if any?

A freehold property flat is one where there is a whole and sole owner/s, ownership is full and unconditional and there is no lessor / lessee involved.

Q.
What are the risks involved in residential property investment?

The risk factor in real estate investment lies in the possibility of buying at a higher price and having to sell at a lower one in a depressed market. It is also risky to try time the market to discern the 'best' time to invest. Much like in the stock market, it is impossible to predict the point of lowest ebb in the real estate market. The danger in delaying investment too long is two-fold - firstly, one may lose out on the best properties, and secondly, the market may pick up ahead of one's predictions, meaning that the lower rates may no longer be available.

Q.
What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?

Market value of property is the price at which there is a willing buyer and a seller agreeing to the transfer the property at an arm's length transaction. Stamp duty is levied on the ready reckoner rate or the agreement price, whichever is higher.

Q.
In whose name are the stamps required to be purchased?

The stamps are required to be purchased in the name of any one of the executors to the Instrument.

Glossary

Abatement notice

A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.

Absolute title

The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date. Or a clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.

Agreement for lease/sale

A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.

Alternative user value

The value of land and buildings which reflects a prospective use which is different from that of the current use.

Anchor tenant

One or more department or variety chainstores, or supermarkets, introduced into a shopping centre in key positions to attract the shopping public into the centre for the purpose of encouraging other retailers to lease shops en route. The larger the developments the more anchors required.

Asset valuation

In the property market this expression is applied to the valuation of land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.

Assignment

The transfer of a property interest, especially a lease, from one party to another.

Atrium

An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.

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  • Excessive supply in a city or area means less demand

    Most cities have pockets with excessive supply, as well as pockets wherein supply is severely constrained. Despite concern about economic growth and high inflation, areas with excessive supply will continue to see demand, and therefore price appreciation. As long as an area is seeing infrastructure development, it remains a safe investment bet.

  • The metros are still the best places to invest in real estate

    Property prices in many of the metros have skyrocketed. Investors observe these trends, analyse the magnitude and scope of activity, and identify one or the other new town as the next coming thing. A fundamental real estate investment mantra is that emerging localities are preferable to established and often saturated ones. Established areas eventually reach a peak in terms of appreciation potential, after which the growth rate either slows down or stagnates. Moreover, there is little scope for new market drivers such as malls to find a place in saturated localities – meanwhile, prices remain high. This is not the best of scenarios from an investment point of view, since optimal investment requires low entry levels and appreciable growth within a realistic timeframe. Therefore, as one or the other destination reaches its peak potential on all these counts, new ones come into the limelight.

  • Major Indian developers are abandoning the MIG sector and concentrating on high-end residential projects because it makes better business sense.

    Most big-banner developers still see sense in constructing mid-income housing projects, since they can construct more volumes. The demand in terms of units is phenomenal and developers getting into this segment can build for years to come. They have the assurance of sure-shot absorption, as well. Most major Indian developers are ‘not’ shifting from affordable to high-end housing -- only branching out. While they get into middle-segment housing, they continue to build high-end projects.

  • There is a 'bubble' in the Indian real estate market, and it will burst soon

    It is certainly true that many units in cities are not proving to be slow movers because of the current price points, and developers do need to re-calibrate their bottomlines while still remaining viable as businesses. Since the only way to catalyse healthier sales at this point is offering buyers tangible financial relief, a reduction in rates will work best. In fact, new projects are already being launched at lower rates and good deals are available at the negotiation table for serious buyers. In other words, we are not looking at a bubble that is likely to burst, but at a gradual and perceptible relaxation on hard pricing norms.