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Chat Transcript

| 24 Mar - 03:00hrs

Basics of property purchase

 

Diipesh Bhagtani | Executive Director, Jaycee Homes

guest: which is the best option for registry...in wife name or joint ??
Diipesh Bhagtani: you will always have benefits of registering property in wife`s name. also in the budget there is always something better for women. but still consult ur CA to give u complete information on the benefits.
Diipesh Bhagtani: conveyance is the right of every society & its members. as per the law if the developer has not given the conveyance to the society then in that case u can always go for deemed conveyance. its a procedure of 6 months. pls choose the right lawyer for it so that he gets the work done without wasting too much time.
benee: If a building is 25 yrs old but without OC and Conveyance what may be the consequence if it need to go for redevelopment, or is there any way out to get the conveyance for a cooperative hsg soc?
Diipesh Bhagtani: Diipesh Bhagtani : conveyance is the right of every society & its members. as per the law if the developer has not given the conveyance to the society then in that case u can always go for deemed conveyance. its a procedure of 6 months. pls choose the right lawyer for it so that he gets the work done without wasting too much time.
benee: which documents should be aked from builder before buying home in mumbai?
Diipesh Bhagtani: firstly u should always see if the developer has the required permissions. its known as IOD & CC. if he has it then it means everything is in order. still u can always get the title documents vetted by any good advocate. also make sure u put your money with a developer thats reputed & has been around for years.
guest: From where can i get accurates prices for the property?
Diipesh Bhagtani: u can never get accurate prices of the project but from the developers office or from their channel partners. you can always rely on sites like housing.com, commonfloor.com or magicbricks.com. they can very helpful to u.
guest: Should i invest in Virar or vasai for long term?
Diipesh Bhagtani: well vasai & virar have alot of construction going on. appreciation wont happen too soon but due to dc changes constructioin in mumbai will be difficult & the other areas will benifit due to this.
guest: Is it right to buy property in Kalyan (kalyan-shil Phata)?
Diipesh Bhagtani: after lodha, shil phata area has come to limelight. lots of construction going around in that area and lodha himself has planned 4000 acres township in there. so shud be a good proposition to invest there.
guest: Will the Real Estate Boom again? Whats your view for Titwala, Ambernath?
Diipesh Bhagtani: titwala & ambernath r also becoming preferred locations. since the prices r very high in mumbai, a lot of consumers r now preferring to stay in the extended suburbs. these both locations have a good future.
guest: Is it right to buy property in Kalyan (kalyan-shil Phata)?
Diipesh Bhagtani: Diipesh Bhagtani : after lodha, shil phata area has come to limelight. lots of construction going around in that area and lodha himself has planned 4000 acres township in there. so shud be a good proposition to invest there
guest: Is it right to buy property near Mumbai pune Expressway?
Diipesh Bhagtani: mumbai pune has been around for 15 years now. loads of developments have taken place and loads of development is yet to happen. prices will always go in the upward range in this corridor. u shud go n invest with the right developer.
guest: What are going to be new DC Rules....theres some hike going to be in FSI, but some disgusting rule to keep 6 meters open space on both the sides???
Diipesh Bhagtani: yes thats true. 6 meters on both sides is required. that makes it very difficult for anyone to use that higher fsi. well u can always send ur objections to bmc regarding the same. the more the objections the better for the city.
guest: Sir, I want to purchase a house in Thane or Mulund. I have a budget of Rs 74 lakh. Kindly suggest what options i have?
Diipesh Bhagtani: nirmal group has recently lauched their project one mumbai. u can invest there or also our company has launched our project jaycee savanah. try these two options it will work for u.
guest: How to identify a good real estate broker. How much I should pay him for buying a property? I am in Mumbai. Ramchandra
Diipesh Bhagtani: there r some reputed ones like indiahomes,JLL & knightfrank. u can also take references from your friends.brokers often get brokerage from the developer so its possible that u might not have to give any brokerage.
rcchoudhary46: why big builders are pushing sale by giving temtation of price increases from next moment and fooling public through hard follow-ups by sms ? Is there any government rule to ban builders from misleading public on internets/mobiles.
Diipesh Bhagtani: well a builder can always increase his price or give such temptations as he feels. as far he is not selling the appartment to u n then increasing the price. but anyways a regulator in the real estate is expected soon. that will eliminate misleading builders and consumers alike. the regulator should soon come into effect anytime.
guest: I have property in Pune Pimple Gurav, this area has varied price range .. how should I find out at what rate I should sell my propery. I have been trying to sell it but agents and people in society are quoting a rate which is low so how do i deal with their queries.. should i go with the agents.
Diipesh Bhagtani: agents might sometimes mislead u. but residents of that project wont. the prices that they r qouting will the real prices in that area. u shud still do ur inquiry and then take a call.
guest: I have property in Pune Pimple Gurav, this area has varied price range .. how should I find out at what rate I should sell my propery. I have been trying to sell it but agents and people in society are quoting a rate which is low so how do i deal with their queries.. should i go with the agents.
Diipesh Bhagtani: Diipesh Bhagtani : agents might sometimes mislead u. but residents of that project wont. the prices that they r qouting will the real prices in that area. u shud still do ur inquiry and then take a call.