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Aditya Verma

EVP and COO, Makaan.com

Diipesh Bhagtani

Executive Director, Jaycee Homes

Ganesh Vasudevan

CEO, IndiaProperty.com

Expert Comments
rondhir:I have entered in agreement for resale property 11 year old. I am 4th buyer of same, but the first to original agreements are not available with seller and as I am buying through home loan bank requires same. Also note that first two buyer\'s have purchased flat without loan and 3rd party (seller) has purchased using loan which is fully replayed and original agreement of them is available. What is the solution ahead to get loan on this property.

Ganesh Vasudevan

CEO,IndiaProperty.com

You can contact the third buyers bank and enquire how the loan was sanctioned as they might have the original documents. Without the original documents its not advisable to buy the property as it may lead to legal issues at a later stage.

Ganesh Vasudevan

CEO,IndiaProperty.com

Within your budget resale flats are available in Panvel. For New projects you can consider areas Ulve, Taloje. Some of the projects that fall within your budget range are - Sarang Arham, Anant Heights, Imperial heights, Aramus Realty.

Ganesh Vasudevan

CEO,IndiaProperty.com

Some of the good projects in Mohali for investment are - Nirvana greens4, SBP Homes, Sunny enclave, JLPl falcon, Ireo Rise, Sunny Heights
sood_anurag:Hi -I had taken a bank loan for a under construction house in Nov 2008. I have taken the possession in Feb 2014. I had read somewheere that you can claim the interest for the pre-possession period in next 5 years to the tune of 1.50 lacs every year? Is my understanding correct? Also under which Section this is allowed? - Thanks/Anurag Soood

Ganesh Vasudevan

CEO,IndiaProperty.com

Yes your understanding is correct. Under Section 24 of the Income Tax Act you can claim the interest paid before possession, as tax deduction in five equal installments for five successive financial years starting from the year the construction got over.
Tools you can use

EMI Calculator

Loan Amount (Rs):
Rate of Interest:
Tenure (Yrs):

Area Calculator

Here is a handy little tool you can use to find the area measurements

Chat

Dhruv Agarwala

Co-Founder,PropTiger.com
(Sep 24 2014, 16:00)

Property Prices

Property rates in India

Central Suburbs Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Ambernath 2750 - 3800 Mar 2014
Badlapur 2600 - 3400 Mar 2014
Bhandup 9750 - 13000 Mar 2014
Byculla 13000 - 22000 Mar 2014
Chembur 10000 - 16500 Mar 2014
Dadar 20000 - 32000 Mar 2014
Dombivali 5000 - 6000 Mar 2014
Ghatkopar East 9500 - 18000 Mar 2014
Ghatkopar West 8500 - 13000 Mar 2014
Kalyan 4500 - 5500 Mar 2014
Kanjurmarg 8500 - 10500 Mar 2014
Kings Circle 14000 - 22000 Mar 2014
Kurla 9000 - 14000 Mar 2014
Mulund 11500 - 14000 Mar 2014
Powai 9900 - 16500 Mar 2014
Sion 14500 - 22000 Mar 2014
Thane 6800 - 12500 Mar 2014
Vikhroli 8500 - 12000 Mar 2014
Wadala 13500 - 18500 Mar 2014
Navi Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Airoli 6500 - 7600 Mar 2014
CBD Belapur 5500 - 8000 Mar 2014
Kalamboli 3500 - 5000 Mar 2014
Kharghar 5800 - 9000 Mar 2014
Kopar Khairane 6000 - 7500 Mar 2014
Nerul 6000 - 10500 Mar 2014
Panvel 3600 - 6400 Mar 2014
Sanpada 7000 - 9500 Mar 2014
Vashi 8500 - 15500 Mar 2014
South Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Altamount Road 45000 - 72000 Mar 2014
Bombay Central 20500 - 32000 Mar 2014
Churchgate 32000 - 50000 Mar 2014
Colaba 33000 - 48000 Mar 2014
Cuffe Parade 35000 - 71000 Mar 2014
Kemps Corner 38000 - 58000 Mar 2014
Lower Parel 21000 - 38000 Mar 2014
Mahalaxmi 22000 - 42000 Mar 2014
Malabar Hills 60000 - 76000 Mar 2014
Marine Drive 45000 - 70000 Mar 2014
Nariman Point 58000 - 92000 Mar 2014
Nepeansea Road 47000 - 75000 Mar 2014
Peddar Road 32000 - 56000 Mar 2014
Prabhadevi 26000 - 44000 Mar 2014
Shivaji Park 18000 - 35000 Mar 2014
Walkeshwar 38000 - 70000 Mar 2014
Warden Road 35000 - 60000 Mar 2014
Worli 27000 - 49000 Mar 2014
Western Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Andheri East 13000 - 16000 Mar 2014
Andheri West 16000 - 19500 Mar 2014
Bandra East 18000 - 27000 Mar 2014
Bandra West 26000 - 45000 Mar 2014
Borivali East 9500 - 12500 Mar 2014
Borivali West 11600 - 13500 Mar 2014
Goregoan East 11500 - 13000 Mar 2014
Goregoan West 12500 - 15500 Mar 2014
Kandivali East 10000 - 13000 Mar 2014
Kandivali West 11000 - 14000 Mar 2014
Khar East 16000 - 21000 Mar 2014
Khar West 23000 - 40000 Mar 2014
Malad East 11000 - 13000 Mar 2014
Malad West 12000 - 15000 Mar 2014
Mira Road East 6200 - 7500 Mar 2014
Naigon East 3800 - 4100 Mar 2014
Santacruz East 13000 - 23500 Mar 2014
Santacruz West 22000 - 32000 Mar 2014
Vasai 5000 - 6000 Mar 2014
Vile Parle East 19000 - 23500 Mar 2014
Vile Parle West 22000 - 26000 Mar 2014
Virar 4500 - 5500 Mar 2014
NCR Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Anand Niketan 23000 - 37000 Mar 2014
Chanakyapuri 58000 - 68000 Mar 2014
Defence Colony 25000 - 34000 Mar 2014
Dwarka 7500 - 9100 Mar 2014
East Delhi (Mayur Vihar, Preet Vihar, IP extention) 5500 - 8700 Mar 2014
Friends Colony (W) 22000 - 35000 Mar 2014
Golf Links 55000 - 65000 Mar 2014
Greater kailash I & II 26000 - 34000 Mar 2014
Green Park 20000 - 26000 Mar 2014
Janakpuri 7550 - 9500 Mar 2014
Jor Bagh 58000 - 68000 Mar 2014
New Friends Colony 19000 - 31000 Mar 2014
Rohini / Pitampura 8700 - 11200 Mar 2014
Vasant Kunj 16000 - 20000 Mar 2014
Ghaziabad Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Indrapuram - Ghaziabad 3000 - 4300 Mar 2014
NH- 24 - Ghaziabad 2200 - 2600 Mar 2014
Old Ghaziabad 1850 - 5750 Mar 2014
Vaishali / Vasundra- Ghaziabad 3300 - 4500 Mar 2014
Gurgaon Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
DLF Phase 1-4 / Shushant Lok 6000 - 14500 Mar 2014
Golf Course 52/ 56/58 and 61- Gurn 6000 - 14000 Mar 2014
Golf Course Road / Sohnar Road - Gur 6000 - 8500 Mar 2014
Shushant Lok 6000 - 14500 Mar 2014
Sohnar Road 6000 - 8500 Mar 2014
Noida Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Express Highway - Noida 3400 - 6500 Mar 2014
Golf Course 52/ 56/58 and 61- Gurn 6000 - 14000 Mar 2014
Golf Course Road / Sohnar Road - Gur 6000 - 8500 Mar 2014
Greater Noida 2700 - 4500 Mar 2014
Greater Noida (Grade A Only) 3150 - 7500 Mar 2014
Faridabad Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Anand Niketan 23000 - 37000 Mar 2014
Dwarka 7500 - 9100 Mar 2014
Friends Colony (W) 22000 - 35000 Mar 2014
Green Park 20000 - 26000 Mar 2014
Janakpuri 7550 - 9500 Mar 2014
Nehar Par- Faridabad 2200 - 3300 Mar 2014
New Friends Colony 19000 - 31000 Mar 2014
NH - 2 Faridabad 3700 - 5200 Mar 2014
Old Faridabad 4200 - 6000 Mar 2014
Suraj Kund 4000 - 5600 Mar 2014
Vasant Kunj 16000 - 20000 Mar 2014
New Delhi Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Chanakyapuri 58000 - 68000 Mar 2014
Defence Colony 25000 - 34000 Mar 2014
East Delhi (Mayur Vihar, Preet Vihar, IP extention) 5500 - 8700 Mar 2014
Golf Links 55000 - 65000 Mar 2014
Jor Bagh 58000 - 68000 Mar 2014
Kolkata Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Alipore 10000 - 15000 Mar 2014
Ballygunge 12000 - 17000 Mar 2014
Behala 2450 - 3500 Mar 2014
New Town Rajarhat 2200 - 4500 Mar 2014
Salt Lake 4000 - 5500 Mar 2014
South of Park St. 4500 - 6500 Mar 2014
South of Park Street 4500 - 6500 Mar 2014
Hyderabad Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Banjara Hills 6500 - 9500 Mar 2014
Begumpet 3800 - 5500 Mar 2014
Gachibowli 3000 - 4400 Mar 2014
Jubilee Hills 6000 - 7600 Mar 2014
Kukatpally 3000 - 3850 Mar 2014
Madhapur 3200 - 4600 Mar 2014
Miyapur 2400 - 3400 Mar 2014
Secunderabad 3500 - 4000 Mar 2014
Srinagar Colony 5000 - 5500 Mar 2014
Uppal 2000 - 2400 Mar 2014
Bangalore Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Banaswadi 4500 - 7500 Mar 2014
Basavangudi 6000 - 10300 Mar 2014
Bellary Road 4000 - 6600 Mar 2014
BTM Layout 5000 - 8100 Mar 2014
Indiranagar 8000 - 12200 Mar 2014
J.P. Nagar 5000 - 9500 Mar 2014
Koramangala 7000 - 10500 Mar 2014
M.G. Road 16000 - 25000 Mar 2014
Malleshwaram 7600 - 12000 Mar 2014
Rajaji Nagar 5000 - 8500 Mar 2014
Whitefield 3500 - 6000 Mar 2014
Chennai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Anna Nagar 11000 - 14000 Mar 2014
Ashok Nagar 9000 - 11000 Mar 2014
Boat Club 22000 - 26000 Mar 2014
Egmore/Kilpauk 9000 - 14000 Mar 2014
Guindy 6000 - 8000 Mar 2014
Moggapair 5000 - 6800 Mar 2014
Poes Garden 20000 - 25000 Mar 2014
R A Puram 13000 - 18000 Mar 2014
T Nagar 10000 - 14000 Mar 2014
Vadapalani 6000 - 8000 Mar 2014
Velachery- OMR Road 6000 - 8000 Mar 2014
Pune Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Airport Road 3500 - 4500 Mar 2014
Akurdi 3000 - 3600 Mar 2014
Ambegaon 3200 - 5150 Mar 2014
Aundh 5500 - 8000 Mar 2014
Balewadi 4800 - 5500 Mar 2014
Baner 5000 - 7500 Mar 2014
Bibwewadi 3200 - 5200 Mar 2014
Boat Club Road 9000 - 15000 Mar 2014
BT Kawde Road 4200 - 9000 Mar 2014
Chakan 2200 - 2500 Mar 2014
Chikhli 2200 - 3350 Mar 2014
Chinchwad 3150 - 4400 Mar 2014
Dapodi 3300 - 3550 Mar 2014
Deccan Gymkhana 6500 - 10000 Mar 2014
Dehu Road 2300 - 2800 Mar 2014
Dhole Patil Road 9000 - 15000 Mar 2014
Fatima Nagar 4000 - 6500 Mar 2014
Hadapsar 45000 - 8000 Mar 2014
Hinjewadi 4600 - 5200 Mar 2014
Kalyaninagar 8000 - 12000 Mar 2014
Karve Road 4500 - 6300 Mar 2014
Khadki 3300 - 4500 Mar 2014
Kharadi 4000 - 5500 Mar 2014
Kondhwa 3600 - 6050 Mar 2014
Koregaon Park 10000 - 15000 Mar 2014
Kothrud 5100 - 8000 Mar 2014
M G Road 4500 - 7100 Mar 2014
Magarpatta 3400 - 8000 Mar 2014
Market Yard 4100 - 6000 Mar 2014
Model Colony 6600 - 11000 Mar 2014
Moshi 2600 - 3320 Mar 2014
Nagar Road 4000 - 7500 Mar 2014
NIBM 3600 - 6050 Mar 2014
Nigdi Pradhikaran 2550 - 3500 Mar 2014
Pashan 5000 - 7500 Mar 2014
Pimple Nilakh 4500 - 5500 Mar 2014
Pimple Saudagar 4500 - 5500 Mar 2014
Pimpri 3250 - 3750 Mar 2014
Ravet 3050 - 3500 Mar 2014
Sahakar Nagar 6500 - 8000 Mar 2014
Shivajinagar 6600 - 11000 Mar 2014
Sinhgadh road 3250 - 6200 Mar 2014
Somatne Phata 2200 - 2800 Mar 2014
Sopan Baug 4200 - 9000 Mar 2014
Talegaon 2400 - 3250 Mar 2014
Talwade 2150 - 2500 Mar 2014
Tathawade 3600 - 4200 Mar 2014
Thergaon 2700 - 3450 Mar 2014
Undri 3350 - 4200 Mar 2014
Viman Nagar 4000 - 7500 Mar 2014
Vishrantwadi 3500 - 4500 Mar 2014
Wagholi 2700 - 3500 Mar 2014
Wakad 3800 - 4400 Mar 2014
Wanowrie 4000 - 6500 Mar 2014
Yerwada 3500 - 4500 Mar 2014
1. Values indicated above are quoted base rental values for retail space across locations.
2. Values are excluding taxes, maintenance, car park charges, floor rise and other charges that may be applicable.
3. The values may vary depending on the location infrastructure, amenities, facilities and other related issues.
4. Rental values quoted above are negotiable
Note

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Classroom

Property Terms

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.

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.

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.

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.

Alternative user value

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

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