ask the expert
Investing in Property
Questions Answered (23)
CEO & Business- Head
You can look at any of these locations - Panvel, Taloja and Ulwe.
CEO & Business- Head
Sorry as a company policy, we don’t comment on any builder/developer.
CEO & Business- Head
Sorry as a company policy, we don’t comment on any builder/developer. However, for investment purpose, Powai is good and gave appreciation of around 30-38%
CEO & Business- Head
Sorry as a company policy, we don’t comment on any builder/developer. You can look at Hinjewadi, the price appreciated by 18% last year according to our “Top 50 investment report”
CEO & Business- Head
CEO & Business- Head
Sorry as a company policy, we don’t comment on any builder/developer. However, Porur is a good area to invest.
CEO & Business- Head
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
Property rates in India
Rates powered by:
|Mumbai beyond Thane||Capital Values Rate/Sq ft (INR) (min / max)|
|Aajiwali||3000 - 5000|
|Ambernath||3000 - 5000|
|Dombivali (East)||4000 - 6000|
|Kalyan (East)||2000 - 4000|
|Kalyan( West)||3000 - 5000|
|Karjat||1000 - 3000|
|Khandala||8000 - 10000|
|Kharegaon||5000 - 7000|
|Lonavala||3000 - 5000|
|Mumbai Nasik Highway||3000 - 6000|
|Senapati Bhagath Singh Road||3000 - 5000|
|Mumbai Central Line||Capital Values Rate/Sq ft (INR) (min / max)|
|Chembur (East)||15000 - 17000|
|Chembur (West)||11000 - 14000|
|Heeranandani Gardens Estate - Powai||25000 - 30000|
|King Circle||17000 - 28000|
|LBS Marg||12000 - 15000|
|Mulund (West)||11000 - 14000|
|Mumbai Central||23000 - 34000|
|Sion (East)||18000 - 21000|
|Sion (West)||17000 - 22000|
|Tilak Nagar||12000 - 22000|
|Mumbai Mira Road and beyond||Capital Values Rate/Sq ft (INR) (min / max)|
|Bevarly Park||5000 - 7000|
|Mira Road||5000 - 7000|
|Naigaon||1000 - 4000|
|Nala Sopara (Eastt)||3000 - 5000|
|Poonam Nagar||3000 - 7000|
|Shanti Nagar||7000 - 9000|
|Shrishti||6000 - 9000|
|Vasai Road||1200 - 4000|
|Virar||1000 - 3000|
|Mumbai South||Capital Values Rate/Sq ft (INR) (min / max)|
|Altamount Road||62000 - 72000|
|Breach Candy||62000 - 74000|
|Chowpathy||48000 - 58000|
|Colaba||42000 - 46000|
|Cuffe Parade||67000 - 69000|
|Dadar(East)||32000 - 34000|
|Dadar(West)||29000 - 32000|
|Malabar Hills||68000 - 75000|
|Parel||26000 - 34000|
|Tardeo||41000 - 49000|
|Mumbai-Andheri Dahisar||Capital Values Rate/Sq ft (INR) (min / max)|
|4 Bunglows||17000 - 28000|
|7 Bunglows||13000 - 23000|
|Chandivali||10000 - 15000|
|Dahisar||4000 - 8000|
|Goregaon (East)||13000 - 17000|
|Kandivali (East)||12000 - 14000|
|Kandiwali (West)||11000 - 12000|
|Malad (East)||12000 - 14000|
|Malad(West)||9000 - 14000|
|Versova||21000 - 24000|
|Navi Mumbai||Capital Values Rate/Sq ft (INR) (min / max)|
|Belapur||6000 - 9000|
|Ghansoli||6000 - 8000|
|Kalamboli||4000 - 9000|
|Nerul||7000 - 10000|
|Palm Beach Road||12000 - 15000|
|Panvel||3000 - 6000|
|Sanpada||8000 - 10000|
|Sea Woods||8000 - 10000|
|Uran||3000 - 6000|
|Vashi||9000 - 12000|
|East Delhi||Capital Values Rate/Sq ft (INR) (min / max)|
|IP Extension||12000 - 14000|
|Krishna Nagar||9000 - 17000|
|Mayur Vihar-III||8000 - 10000|
|Pandav Nagar||6000 - 8000|
|Patparganj||10000 - 12000|
|Preet Vihar||13000 - 17000|
|Shahadra||6000 - 8000|
|Shahdra||8000 - 11000|
|Vasundhra Enclave||9000 - 10000|
|Faridabad||Capital Values Rate/Sq ft (INR) (min / max)|
|Aravali||3000 - 6000|
|BPTP||2000 - 4000|
|Charmswood Village||9000 - 12000|
|Dayal Bagh||5000 - 7000|
|Green Field||3000 - 5000|
|Jawahar Colony||4000 - 7000|
|Sector-20-29||7000 - 9000|
|Sector-21||6000 - 7000|
|Sector-30-39||5000 - 9000|
|Sector-75||3000 - 5000|
|Gurgaon||Capital Values Rate/Sq ft (INR) (min / max)|
|DLF City Phase-I||18000 - 21000|
|DLF City Phase-V||15000 - 17000|
|Golf Course Extn Road||7000 - 10000|
|MG Road||11000 - 15000|
|park View City||8000 - 11000|
|Sector-42||12000 - 17000|
|Sector-56||6000 - 8000|
|Sushant Lok-I||12000 - 15000|
|Udhyog Vihar||6000 - 15000|
|Vatika City||6000 - 9000|
|Noida||Capital Values Rate/Sq ft (INR) (min / max)|
|ATS Greens||11000 - 15000|
|Gautam Budh Nagar||4000 - 8000|
|Noida Expressway||3000 - 7000|
|Sector-12||9000 - 12000|
|Sector-134||3000 - 5000|
|Sector-137||4000 - 6000|
|Sector-21||8000 - 10000|
|Sector-44||18000 - 20000|
|Sector-50||10000 - 12000|
|Sector-93||7000 - 8000|
|North Delhi||Capital Values Rate/Sq ft (INR) (min / max)|
|Adarsh Nagar||7000 - 13000|
|Civil Lines||30000 - 33000|
|Dr Mukherjee Nagar||21000 - 31000|
|Gujranwala Town||11000 - 21000|
|Lawrence Road||13000 - 17000|
|Model Town||19000 - 22000|
|Pitampura||20000 - 22000|
|Rohini||10000 - 14000|
|Shastri Nagar||12000 - 15000|
|Vijay Nagar||9000 - 15000|
|South Delhi||Capital Values Rate/Sq ft (INR) (min / max)|
|Chirag Delhi||30000 - 50000|
|East of Kailash||23000 - 28000|
|Greater Kailash||28000 - 31000|
|Green Park||25000 - 27000|
|Malviya Nagar||11000 - 17000|
|Panchsheel Enclave||32000 - 35000|
|Saket||22000 - 26000|
|South Extension||30000 - 45000|
|Vasant Kunj||12000 - 29000|
|Vasant Vihar||19000 - 24000|
|West Delhi||Capital Values Rate/Sq ft (INR) (min / max)|
|Jail Road||8000 - 11000|
|Janak Puri||17000 - 21000|
|Kirti Nagar||14000 - 18000|
|Mansarovar Garden||13000 - 19000|
|Mohan Nagar||4000 - 8000|
|Moti Nagar||12000 - 14000|
|Paschim Vihar||13000 - 18000|
|Punjabi Bagh||25000 - 40000|
|Rajouri Garden||19000 - 26000|
|Ramesh Nagar||12000 - 14000|
|Bangalore||Capital Values Rate/Sq ft (INR) (min / max)|
|Banaswadi||3000 - 5000|
|Bannerghatta||3000 - 6000|
|Defence Colony||8000 - 12000|
|HBR Layout||3000 - 5000|
|Hebbal||5000 - 6000|
|Hennur Road||4000 - 6000|
|JP Nagar||5000 - 6000|
|Kormangala||10000 - 12000|
|KR Puram||3000 - 7000|
|Queens Road||9000 - 12000|
|RT Nagar||4000 - 8000|
|Pune||Capital Values Rate/Sq ft (INR) (min / max)|
|Aundh||6000 - 8000|
|Baner||6000 - 8000|
|Bibewadi||5000 - 6500|
|Hadapsar||4000 - 6000|
|Kalyani Nagar||8000 - 10000|
|Kharadi||4000 - 6000|
|Law College Road||11000 - 16000|
|Magarpatta||4000 - 8000|
|New Sanghvi||3000 - 4000|
|NIBM Road||4000 - 6000|
|Pimple Saudagar||4000 - 6000|
|Pune Satara Road||4000 - 5000|
|Ravet||3000 - 4000|
|Talegaon||2000 - 3000|
|Undri||3000 - 5000|
|Viman Nagar||5000 - 7000|
|Vishrantwadi||3000 - 5000|
|Wakad||4000 - 6000|
|Yerwada||4000 - 7000|
|Ahmedabad||Capital Values Rate/Sq ft (INR) (min / max)|
|Bopal||3000 - 3300|
|Gota||3000 - 3200|
|Motera||3000 - 3200|
|Near Nirma University On SG Highway||3100 - 3300|
|Near Vaishno Devi Circle On SG Highway||3000 - 3500|
|Ranip||2700 - 2900|
|Sargaasan||2400 - 2700|
|Zundal||1900 - 2100|
|Ahmedabad West||Capital Values Rate/Sq ft (INR) (min / max)|
|Chandkheda||2400 - 2600|
|Thaltej||4900 - 5300|
While explaining tax implications of buying a second home, Naushad Panjwani, senior ED, Knight Frank India said a person can declare one of the two houses as a self occupied property and offer the other house for income under the house property.
Feb 04 2014,17:56
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.
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.
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.
Who is liable to pay Stamp Duty-the buyer or the seller?
The buyer is liable to pay the stamp duty.
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.
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.
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.
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%.
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.
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.
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.
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.
Is a POA revocable?
Yes, a POA can be either revocable or irrevocable, depending on what sort of a POA one has made.
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.
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.
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.
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.
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.
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.
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.
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