Buildings that shock

Dancing House

Here's a building that should really get your attention when walking pass it. The Dancing House is considered as one of the more real controversial buildings in Prague. The DH was actually designed by a great architect from California, which only proves that he had done some type of hallucinogen while designing it.

PROPERTY MATTERS..............by Tara Kaul       

Mumbai plans world's tallest apartment block

The tower would be designed by New York-based Pei Cobb Freed and Partners and would be 117 storeys high

Mumbai: An Indian property group on Tuesday unveiled plans to build the world's tallest purely residential tower in Mumbai, the country's booming financial capital.

Lodha Developers said the tower would be 117 storeys high and would be designed by New York-based Pei Cobb Freed and Partners, the architects of the Louvre Pyramid in Paris and the Bank of China building in Hong Kong.
"At 1,450 feet (442 metres), the tower will be the tallest of its kind," Abhisheck Lodha, managing director of Lodha Developers, told reporters as he presented a scale model of the complex.
Called "World One", it will be located in central Mumbai on the plot of a defunct textile mill and should be completed by 2014.
The development will contain more than 300 apartments and include large green spaces, cafes and an open-air observatory.
Mumbai's sky-high property prices continued to rise during the global economic downturn, even though the city is plagued by water shortages and poor infrastructure.
The city's central district was a textile mill hub until a few decades ago, but a large labour strike in the 1980s and the entry of new power loom complexes led to the old mills' demise.
In their place have risen shopping malls, luxury apartments, hotels and high-tech corporate offices.
"This is to meet the aspirations of the global Indian and to establish a landmark for the city," Lodha said. "We are trying to create the Rockefeller Centre-type experience."
The developer expects the base price of an apartment to be upwards of 75 million rupees (1.63 million dollars), while luxury multi-storey properties could cost up to 10.5 million dollars.
The tower will cost about 440 million dollars to build, the Lodha group said, and apartment sales will start this month.
At present, the world's tallest residential tower is the 323-metre Q1 on Australia's Gold Coast, while Mumbai's 60-storey Imperial twin-towers are India's tallest, at 249 metres.
There are taller buildings around the world, including Dubai's Burj Khalifa at 828 metres, and the Canton TV Tower in Guangzhou, China, at 610 metres, but these are not purely residential.
City residential rates have risen about 30 percent in the past six months, analysts say, due to higher input costs.
"The market for luxury homes in Mumbai is growing," said Param Desai, real-estate analyst with Mumbai's Angel Broking said.
"Liquidity is improving and salaries, disposable income is on the rise," Param told AFP.
India's economy recorded 7.4 percent growth for the year to March, official data released last month showed.
India's top property firm, DLF, has plans to launch Mumbai's largest luxury residential project, a few blocks from the proposed World One tower.
This project would have 1,000 apartments in three buildings, of 80-90 floors each, industry sources said.

Builder dictates 

Developer of under-construction 60-crore flats at Walkeshwar, Mumbai won't even entertain purchase request from non-vegetarians. The 43-storey under construction Vandan located close to the sylvan Raj Bhavan comprises 7,900 sq ft luxury apartment pegged at Rs 60-crore-a-piece. The project, developed by Satellite developers, owned by Kalpana Shah of Tao Art gallery was started in 2005.

Godrej's big plans for Bangalore

Godrej properties is making a massive Rs 2000- crore play in Bangalore's real estate market. It's cementing plans to construct close to 30-million sq ft of residential space over the next 5 years. 

Iconic Wadala Tower scaled down

The iconic tower planned for Mumbai city, which had one time promised to be the world's third tallest building - behind the Burj Dubai and the under construction Freedom Tower in New York - will now be nowhere near these global landmarks. In fact the MMRDA had earlier scaled back the plans for the tower in Wadala from 101 storeys (536 to 531m) to 85 to 89 storeys (430 to 460m)

Worli flat sold for Rs 1.03 lakhs per sq ft

It's billed the record-deal in the country. A 3,600 sq ft flat in luxurious, sea-facing Samudra Mahal at Worli has just been sold for a whopping Rs 1,03,000 per sq ft, breaking the earlier record of Rs 97,000 per sq ft notched up for a flat at NCPA Apartments, Nariman Point.

Walkeshwar's tallest buiding in trouble.

The 32-storey building being built by the Filmaker's company is in trouble over an alleged breach of the Coastal Regulatory Zone Notification. According to an affidavit by the Maharashtra Coastal Zone Management Authority, Bharat Shah's firm Layers Export Corporation which is building 'Legend' did not submit its plans to the authorities.

SBI hikes home loan rates

Although SBI has decided  to continue with its teaser rate 8 per cent for home loans for the first year, it has hiked the rates for the subsequent years. 

275-meter tower in Mumbai

A 275-meter tower is to come up at Prabahdevi. The tower, which will be as high as Eiffel Tower's highest observation deck will have flats worth Rs 50 crore with individual parking space and a mini golf range.

Service Tax on Construction may hit realty

Levy on under-construction projects may force buyers to shell out more to acquire property. A service tax of 10% will be imposed on 33% of the price of the apartment, while no tax will be levied on the remaining 67%.

103-storey India Tower

The 5-star hotel-cum-service apartment coming up at Charni Road, is set to be the city's tallest building, that will have an FSI of 6.29 under supreme court directions. 

Mumbai's biggest land deal

The largest land transaction in the city in over a year was finally concluded. Mumbai-based developer Wadhava Group has bought the 18.18 acre Ghatkopar plot belonging to the Hindustan Compositer Ltd. (HCL) for Rs 571 crore.

New Property Tax Structure for Mumbai, from Oct

The Civic body's plan to change the property tax structure got a nod from the general body of elected representatives. From the current rateable value system of calculation, the property tax structure will be changed to a capital value system. The new system will be applicable from October. The data required to calculate include the value is still  to be compiled. Accordingly, those living in the island city will pay twice as much the property tax they currently pay. Suburbanites, on the other hand will pay lesser - about 70-75% of what they pay now.

Civic sources said commercial properties in the island city would have to pay thrice as much as the extant amount.    

The Council on Tall Buildings & Urban Habitats World Conference 

takes place in Mumbai in February 2010.

Benefits of Green Building includes 40-50% energy savings and 30-40% potable water savings.

Housing Societies need not pay tax on transfer fees

The Bombay High Court has ruled that Housing Societies need not pay income tax on transfer fees 'as long as there is no taint of commercialism to their operation.'

LIC HF reverse mortgage awaits insurance tie-up

State-owned home finance company, LIC HF is awaiting the National Housing Bank's tie-up with insurance companies before launching its reverse mortgage scheme for senior citizens. The National Housing Bank is tying up with insurance companies, including LIC, for restructuring of reverse mortgage. Reverse mortgage is a financial product that enables senior citizens (60-plus) who own a house to mortgage their property with a lender and convert a part of the home equity into tax-free income without having to sell the house.

Sahara City Homes in 217 cities

Sahara City Homes Townships are planned in 217 cities.

Phase -1 Townships : People can start living in Sahara City Homes from 2007.

Plan for Phase -2 Townships : The purchase of land for 115 cities forming part of the second phase of the Sahara City Homes Townships is in active progress and they expect to find almost all the locations very shortly. Completion between the 2 phases shall have a maximum difference of 18 to 24 months.

Property for sale:

Farm house - Tardal, Dist. Kolhapur -3.5 acres, fenced, water, with good returns. Can be developed as resort. Contact: Puranik Email: akn929@yahoo.com or call: 09969154602. Lodging - Boarding at Ichalkarnji, prime location. 50 furnished rooms, good occupancy, 4 storied. contact: Puranik, Email; akn929@yahoo.com or call: 09969154602. Available for sale/rent ready to move in Office at Chembur. For lease Flat at Chembur and Row House at Nerul. Genuine Parties Call - 09892524108 To be here, Email: akn929@yahoo.com or Call: 09969154602

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Home Facts

*Carpet area: Actual area you can use within the four walls in your house.

*Built-up area: Area covered by entire apartment including internal walls, partition and enclosed balconies.

*Super built-up area: Your apartment plus your share of common areas like lobby, lift and staircase.

*Usable carpet area: area such as sundecks and flower beds, dry balconies which are part of FSI free area for the ornamental projections.

SIDENTIAL PROPERTY RATES AROUND INDIA

Bangalore                                                                Rs/sq.ft

M.G. Road                                                                    3,400
Langford Town                                                               2,200   
Koramangala                                                                 1,800
Indira Nagar                                                                   2,300
Malleshwaram                                                               1,600

Basavanagudi                                                                1,900
Sadashivnagar                                                               2,300                            J.P. Nagar                                                                     1,500    Rajajinagar                                                                    1,400
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Delhi                                                                            Rs./sq.ft

Central Delhi                                                                  6,000
Vasant Vihar                                                                  6,500
West Delhi                                                                     2,500
Greater Kailash                                                               4,000 
Ghaziabad                                                                      1,000
Pockets in Gurgaon/Noida (A Grade)                                3,300
Pockets in Gurgaon/Noida (B Grade)                                1,600

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Pune                                                                           Rs/sq.ft

Koregaon Park/Boat Club Road                                       3,000                          Boat club road                                                               3,200
Deccan Gymkhana/Erandwane                                       2,500
Sopan Baug/Uday Baug                                                 2,400
Kalyaninagar                                                                 1,500
Aundh                                                                          1,300
Hadapsar                                                                        700
Kothrud                                                                          800                        Viman nagar                                                                 1,000               Wanorie                                                                       1,300                       Kondwa-Undri                                                               1,300

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Indore                                                                        Rs/sq.ft

Saket                                                                             950
Old Palasla                                                                  1,150
New Palasla                                                                 1,100
Race Course Road                                                          950
Sector 54, Meghdoot Uppan Gardens                               550
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Hyderabad                                                                Rs/sq.ft

Banjara Hills                                                                2,000
Jubilee Hills                                                                 1,700
Srinagar Colony                                                           1,600
Begumpet                                                                   1,000

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Ahmedabad                                                              Rs/sq.ft

C.G. Road                                                                   1,200
Ashram Road                                                               1,100
Drive in Road                                                                 1000
Naranpura                                                                       800
Paldi                                                                              700
Satellite Road                                                                1000
Vastrapur                                                                      1000
Memnagar                                                                     1000
Gandhi-Sarkhej Highway                                                 1050

Source : Knight Frank India Research
(These rates are indicative and may vary with the age, location and nature of the project.)

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Delhi Apartment Rentals

Colony…………………………………..Achievable Rent

Tata Apartments………………………..150,000-175,000
6 Aurangzeb Road……………………...100,000-125,000
Gauri Apartments………………………...70,000-90,000
Gauri Sadan………………………………...50,000-70,000
Neelgiri Apartments………………………40,000-60,000
Dhawan Deep……………………………...50,000-60,000
Silver Arch……………………………….....50,000-75,000
Sagar Aprtments………………………….40,000-60,000
Aradhana Apartments………………….40,000-60,000
Gurgaon…………………………………......15,000-40,000
(For 2,000-3,000 sq.ft. apartments)

Delhi Apartment Capital Values

Colony…………………………………Avg. Capital Values

Tata Aparetments………………………10,000-12,000
6 Aurangzeb Road……………………….8,000-10,000
Gauri Apartments………………………..7,000-8,000
Gauri Sadan………………………………..4,500-5,000
Neelgiri Apartments…………………….40,000-60,000
Dhawan Deep……………………………..5,000-6,000
Silver Arch………………………………....5,000-6,000
Sagar Apartments……………………….5,000-5,500
Aradhana Apartments………………….4,500-5,000
( Source: Cushman & Wakefield )

Residential Property Rates

Delhi………………………………………Rs/sq.ft.

Lutyens Zone…………………………….….8,000
Chanakyapuri………………………………..8,800
Central Delhi………………………………...6,000
Vasant Vihar……………………………… ..6,500
Shani Niketan……………………………....7,300
Jor Bagh……………………………………....7,900
Golf Links………………………………….....7,500
Greater Kailash……………………………..4,000
Ghaziabad…………………………………....1,000
Pockets in Gurgaon (A Grade)………3,000
Pockets in Noida ( A Grade)………….3,300

Pune……………………………………........Rs/sq.ft.

Koregaon Park……………………………….3,000
Boat Club Road………………………………3,200
Deccan Gymkhana/ Erandwane…….2,500
Sopan Baug/Uday Baug…………………2,400
Kalyaninagar………………………………….1,400
Aundh…………………………………………...1,300
Hadapsar…………………………………………..700
Kothurd…………………………………………....800
Vimanagar……………………………………….1,000
Wanorie…………………………………………..1,300
Kondwa-Undri………………………………… 1,300
Pashan/Bhavdhan……………………………1,000

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NEW PROJECTS  

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You should know

#You can take legal action against the builder for refusing or delaying registration of the agreement.

#You can also take legal action against the builder if there is a delay in his giving you the possession of the flat.

#The Chairman of the Society may resign his office as Chairman by a letter addressed to the secretary.

#Any documents related to immovable property exceeding a worth of Rs 100 need to be compulsorily registered

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Documents needed to Register a CHS:

To enjoy the benefits of living in a co-operative housing society it is essential that the society be registered. Given below are some of documents that need to be submitted to the registering authority:

1. An application for registration of co-operative housing society in Form A, along with Statement A.

2. Statement of Accounts along with bank balance certificate.

3. A copy of the proposed model by-laws of the society. 

4. Title clearance certificate from an advocate.

5. A true copy of the approved building plan.

6. Letter of authority that grants permission to commence construction or a completion certificate as applicable in the case of a proposed society.

7. An affidavit on stamp paper from at least 10 proposed members to the effect that they are residing in the area of the proposed society.

8. Certified true copy of the agreement made on stamp paper and registered between the builder/promoter and the flat purchasers.

In situations where the promoter of the proposed society is a firm or a company, a letter of authority from such a firm or a company authorising the promoter who sign on behalf of the firm or company if necessary.

Associate Membership:

According to by-law number-19B, an individual, a firm, a company or a corporate body registered under any law for the time being in force who/which has made an application in the prescribed form such membership along with entrance fee of Rs 100 may be admitted as such member by the committee.

Right to Information:

Each member of a co-operative housing society has the right to see information from the society regarding any transactions that the society may have made according to by-laws the society should furnish the information that the member has asked for within 30 days from the receipt of its request. However the society also has the right to fix a reasonable fee for providing such information.

The Consumer Protection Act:

Any dispute that involves a housing society and any member with respect to rendering of any services such as allotment of house, possession of house, maintenance services, in relation to housing complex, etc. are covered by Consumer Protection Act, 1986. A member can approach the consumer forum to claim compensation and damages against the housing society for rendering deficient services.

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New Projects coming up in Bombay & Thane

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 2 BHK-955/960/999 sq.ft., 22 storeys (Gr/Stilt)
Name      : Queensgate

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 3/3.5 BHK-162/1800sq.ft., 27 storeys (+Stilt)
Name      : Fiona

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 2 BHK-875 sq.ft., 12 storeys (+Stilt)
Name      : Corsica

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 1 BHK-630 sq.ft., 12 storeys (Gr/Stilt)
Name      : Silverlink

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 2 BHK-999 sq.ft., 12 storeys (+Stilt)
Name      : Vittoria

Project  : Hiranandani Estate, 
Location   : Thane
Configuration  : 4 BHK-2165 sq.ft., 27 storeys (+Stilt)
Name      : Evelina

Also 1/2/3/4 BHK Flats available at :

*Burlington *Springhill *Acacia *Crown

Kalpa-Taru Group of companies offer Tarangan

– Delux Apartments in the heart of Thane city ( Pokhran Road No 1, Cadbury’s Compound Eastern Express Highway, Thane East.

They are providing  luxurious amenities  like a swimming pool, landscaped gardens, a children’s play park, badminton court cum multipurpose hall, clubhouse and gymnasium.

At Tarangan, a premium residential complex in Thane, brought to you by leading property developers, Kalpataru Group Tel: 281 7171 / 282 2888.

Tarangan 1 has two premium residential towers of 20 storeys each. Featuring 3 bedroom apartments, 4 bedroom duplexes and penthouses. Located close to Thane station, off Eastern Express Highway, Tarangan is in close proximity to schools, colleges, markets, banks and other necessities.

Construction is in full swing.  
You can have your home at Tarangan through a convenient finance scheme from HDFC.  
HDFC   -Manjula Arcade, 1^st Floor, Gokhale Rd, Thane (w) –400 602 Tel: 545 1114-16.  

Aditya Builders in Pune

Aditya Builders, Pune's leading promoters & Builders since 1979, 

Have constructed many projects all over Pune, including landmarks

Like Krishnakeval Township, Chintamani Nagar, Chintamani Residency,

Suyog Aditya Residency, Guruganesh Nagar, Aditya Shagun, Aditya's 

Breeze Park, Nisarg and Aditya Nakoda Enclave, where more than 6000

families reside. 

Aditya Sanskruti - between Katraj & Kothrud offer 1/2 BHK green

homes. Work is in full swing. It has accessibility to Katraj, Swargate,

Sinhagad Road, Kothrud, I.T. Park of Hinjewadi & also the Expressway

is close by. It is near Spring Dale School, Narhe Campus.

Features: * Exquisite & thoughtful designs * Pollution - free ambience * 

Beautiful elevation * Close to good schools & colleges. *Clubhouse with 

party lawnArea: 1 BHK: 675 sq.ft. 2 BHK: 975 to 1000 sq.ft. Sample flat

ready.

For costing Call: Mr. Kailas on 9860799298 / 24390101.

Aditya's A Garden City – at Warje, adjoining Kothrud, 2/3 BHK garden

View homes. New Phase launched. It is situated such that all important

locations of Pune are within close accessibility. 

Features: * Complete family township * Designer Gardens * Surrounded

by nature's garden * Convenience shopping * Hi-Fi Clubhouse with 

swimming Pool.

Must see Sample flat & animation film 

Area: 2 BHK: 1015 to 1040 sq.ft. 3 BHK: 1275 to 1480 sq.ft.

After the grand success of Phase I, Phase II, & Phase III, the booking 

for the new Phase is in full swing. 

For costing Call: Mrs. Kalpana on 9860799311 or Mr. Ajay 9970010386

/25230275.

Highland Winds - near Camp, Lullanagar, 2/3 BHK scenic view homes,

ready possession. It is situated in one the most prime locations of Pune,

Offers spacious flats made for a discerning few.

Features: * Golden spot in Lullanagar * Pastoral pollution free ambience

* Ultimate convenience * Ready clubhouse with swimming pool

Sample flat & animation film worth seeing

Ready Possession. Area: 2 BHK:1160 sq.ft. & 2 BHK Deck Home. 

For costing Call:  Mr. Saiyed on 9860799299.

Aditya's Breeze Park - at Aundh Annexe, 3 BHK Classy homes, 

ready possession. It is close to the Software Park, excellent schools 

& colleges including Pune University and Expressway. Offers luxury 

that is refreshingly different. The upcoming Commonwealth games 

will bring with it even better infrastructure.

Features: * Pristine surroundings * Super luxurious specifications

in the flat, which includes Modular Kitchen * Ready clubhouse with

swimming pool. Visit Sample Flat. Area: 3 BHK: 1400 to 1465 sq.ft.

Booking is open for new Phase. 

For costing Call:  Mr. Sandeep on 9860799312.

Comfort Zone at Baner Road, West Aundh, 2/3 BHK, zero pollution

homes. New Phase launched. It offers flats which are meant for sheer 

comfort, is situated near one of the most in demand locations in Pune,

Aundh.

Features: * Unique Glass Elevation * Elevated Podium Gardens * 

Vehicle free Zone * Hi-Fi Clubhouse * Designed by Hafeez Contractor 

* Sample flat & animation film worth a glance

Area: 2 BHK: 1005 to 1040 sq.ft. 3 BHK: 1305 to 1330 sq.ft.

For costing Call: Ms. Ankita on 9860799314 or 24490851 / 2 / 3.

Aditya Nissarg at Kothrud - Pirangut Road. Plots. Launching soon. 

A project of plots, bungalows & rowhouses, Just like the popular 

Nisarg Bungalow plots at Kothrud Annexe (Bavdhan), on Kothrud –

 Pirangut Road, in the vicinity of Bhukum - Pirangut area. 

Call: Mr. Nilesh on 9822390154. In Mumbai, call Mr. A.R. Patil on

9324876305 or 24440237.

Commercial Properties:

Aditya Nakoda Mall, Parvati - Ready Shops & Offices for Sale

Aditya Shagun Mall, Kothrud -Shops, Offices, Showrooms, 

Restaurants for Sale

Aditya Business Centre, M.G. Rd. Extn. - Ready Showrooms, 

Offices on lease.

Aditya Centeegra, F.C. Road - Built to suit option.

Launching soon -

Guruganesh Nagar Commercial Complex, Kothrud - Ready Offices

for Sale

For any queries, do get in touch with Ms. Ankita on + 91 9860799314. 

Housing loans are available easily since our projects have already been

approved by leading housing finance companies and we give complete

guidance on loans.

Corporate Office: 

Aditya Builders,

619, Sadashiv Peth,

Bajirao Road, Opp. Bank of Maharashtra,

Pune - 411030.

(+ 91 20 24490851 / 2 / 3.) 

Fax - 020 24459146

E - Mail - info@adityabuilders.com

Website - www.adityabuilders.com

======================

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Property for Sale in Maharastra 

Farm house for sale - at Karjat. Clear title. Area: 3.5 acres, fully fenced with sufficient water - well and storage tanks. Power connection of 3 phase power with telephone and television facility. Well developed horticulture farm -- over 100 fruit trees. 1/2 acre Banana plantation, flower plants and nursery. Farmhouse 400 sq. ft., Shelter for labour, Cowshed. Can be developed into a resort. Interested and genunine parties may send offer - Email: akn929@yahoo.com   (Att: Farm-Karjat)

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Realty News

Bombay is India’s costliest city : Economic Times Survey

Mumbai may be a city of opportunities, where people come in from all around the country to shape their careers. But it’s also the costliest city in India, and that too by huge margins, reveals the pioneering survey of cost of living across India’s 8 largest cities, conducted by The Economic Times.

The cost of living in the city is about 87 per cent higher than in Hyderabad--  the cheapest city, as per the survey. New Delhi, which is the second costliest, is nearly 20 percent cheaper than Mumbai.

How does that translate into effective compensation levels? Take illustratively, a person drawing a salary of Rs 15,000 in Hyderabad and spending 70  per cent of the amount on her monthly consumption basket. To maintain the same standard of living in Mumbai with the same amount of savings, she  would need to earn over Rs 24,000.

In fact, for any person who comes to this city, the difference  in price levels always presents an initial shock. For instance, the price of cauliflower in Kolkata is just a little above what a quarter kg costs in Mumbai. People coming in from most parts of the country also get surprised to find out that the default vegetable price quoted in Mumbai is that for a quarter kg!

While vegetable prices present a clearly evident difference, it’s really the high rentals and traveling costs that burden Mumbaiites’ expense bill. This survey has looked at a standard consumption basket of a representative family in different cities—where the family stays in the median locality of the city (Andheri, in Mumbai’s case) and the working couple travels to the most common business district (Nariman Point) by car.

The rent and travel expenses for such a family in Mumbai would be about 44 per cent higher than in Delhi and a whopping 3.7 times the expenses in Hyderabad or Ahmedabad. So it’s no wonder that some Mumbaiites try to beat these differentials, either by staying further away or by taking public transport, in  which case they compensate for the actual cash flow with more hardship and time.

The survey is based on prices of 51 items in each of the eight cities—covering items like grocery, fruits and vegetables, tobacco and booze, sweets, eating out, rent, travel, utilities, clothing medical consultation., school and private tution and domestic help.

Latest judgement

According to a recent judgement, builders and promoters cannot sell basement, stilt and open parking spaces

The judge said that the dictionary meaning of garage was a “building for keeping vehicles”. Thus, only a closed or lockup garage could be sold by a builder. Covered parking spaces like basements or stilts are open parking spaces did not qualify to be termed garages.

Latest Budget Proposal

According to the Budget Proposals, stamp duty valuation will be taken for the purpose of Capital Gains.

If a person sells his/her residential flat for, say,Rs,10Lakh, whereas the value as per the stamp authority is Rs 12 lakh, then Rs, 12lakh will be taken as the total consideration received by such person for the purpose of capital gains.

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Details of Floor Space Index (F.S.I.) available in the city.

Area Allowed                                                             FSI

Mumbai City                                                              1.33

Mumbai Suburb                                                         0.75
In Ward M & N
On West Eastern Express highway
On north ‘N’ ward’s north boundary
On East Thane Creek
On South ‘M’ ward’s south limit.
All land portion in between
i.e. N wards zone 5 & 6 and M wards Zone 2 to 9

(p) North ward’s Akse, Erangal and Marve,s all portion      0.50
(p) North ward’s Zone 1 (Full), Zone 3 (Leaving Marve).
Akse and Erangal Gaothan’s part) and R ward’s Zone 19
(Leaving Manori village Gaothan part)

Remaining Part                                                            1.00

The above is a general guideline. There may be a case where the F.S.I. allowed is different as per modified development control rules and hence, the F.S.I. applicable to a particular plot should always be certified by the Municipal Corporation.  

* St. Xaviers College in Dhobi Talao was the first college started by the Jesuits in Mumbai in 1869, the main building of which was designed by Father Wagner

* Vitrification is a process under which natural ingredients are combined through a scientific and mechanical process and fired at very high degree temperature to make it non-porous and tough. These qualities make them ideal for both homes and office spaces.

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Classifieds ..................Accomodation, Business Premises, Property, Consultants, Suppliers

Accomodation:

Available at reasonable rate 1200 square feet carpet area flat on fourth floor, 90 feet road, Ghatkopar (East). Contact : 022-25120968 / 09224120810.

Ghatkopar (west), Amrutnagar 2 BHK, Area 960, Fourth floor with lift fully furnished, newly painted for outright sale or LL. Contact : 24036358 or Mobile : 34036358.

Powai  : Available / Wanted Flats / Shops, Lease / Outright. Hiranandani / Raheja / Powai Vihar and surroundings. (0.50 Brokerage) 'Gulmohar' 91-9821526658 / 91-22-32774181 / 91-9892410549.

Paying Guest available at Kurla, close to Tilak Nagar /Kurla station. Good area with or without Telephone Suitable for single persons, girls, and couples Contact : 022-25227726.

Business Premises:      

For urgent sale - a profitable running Grocery store and Communication (PCO / STD / ISD / FAX) Center and adjoining is a 1 BHK flat. Located in fully developed Housing Complex at Kalher, adjoining the complex is reputed MNC's on main old Mumbai - Nasik road (Bhiwandi bypass). The shop has a floor space of 216 + 120 square feet (frontage) and flat 315 square feet. Lumpsum Rs.8.50 lacs (Negotiable), or shop Rs.5.50 lacs and flat 3.50 lacs. Contact : Tel: (95-22) 271045 / 270282 /272451 Email : snaik@technip.com or  shraddhaarti@hotmail.com   Cell : 0096659168678 (Dec-Jun'4)

Herewith offering my office premises for immediate sale, at the following strategic location - B/602, Dheeraj Sneh, Pali Junction, Bandra [west], Mumbai 400 050. It is a 2 room office with an excellent view, and has a hygienic inbuilt washroom and pantry. The area is approx. 240 square feet. Asking price Rs.18 lacs. Contact: Vijay.R. Hingorani. Tel-91-22-32604145

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Home Loans  

Here are some of the things that you need to know before applying for a housing loan

For what purpose can I avail a home loan?

You can avail a home loan for constructing, purchase of a ready built house or flat or the purchase of a residential plot and to take over of the residential plot and to take over of the existing loans from other banks of housing finance companies.

How will a housing finance institution decide the loan amount I am eligible for?

The bank will decide the loan based on your repayment capacity. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependents, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history. However, usually the eligibility of loan shall not exceed 85 per cent of the cost of property.

Who can be the co-applicant for the loan?

You can include your spouse as a co-applicant for the home loan. His or her income can be added to enhance the loan amount. However all co-owners of the property should necessarily be the co-applicants.

How do I repay the loan?

You repay the loan in equated monthly instalments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

What is pre-EMI interest?

Pending final disbursement of the housing loan, you pay interest on the portion of the loan disbursed. This interest is called pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of EMI.

What security will I have to provide?

The security for the loan will be the first mortgage of the property to be financed normally by way of deposit of title deeds and/or such other collateral security as may be necessary. Collateral security for by way of assignment of insurance policy or any such other assignable financial instruments are also required as security to the loan if deemed necessary. Please do ensure that the title to the property is clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation, which is likely to affect the title to the property adversely.

Can I repay loan ahead of schedule?

Yes. You can repay the loan ahead of schedule.

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Tata Homefinance

Tata Homefinance Ltd (THFL) has introduced a variable rate product. The individual home loans from Tata Homefinance will now be available at a floating rate of 11.50% p.a. This is for a period of 20 years. The equated monthly installment (EMI) will be 1067 per lakh. The variable rate of interest is on a monthly rest basis. This product is  applicable from 7^th March, 2002 for all new customers.

IDBI Bank

IDBI Bank has announced a reduction in the rates of its home loans. The rate for the five-year tenor is 11 per cent, with an EMI of Rs. 2,174, and for the 5-10 year and 10-15 year tenor is 11.5 per cent, with EMIs of Rs. 1,406 and Rs. 1,168 respectively. The rate of the longer tenor has thus been dropped by 50 basis points. The bank is offering home loans on a monthly rest basis, as opposed to the annual rest basis adopted by most other banks. There is now no penalty on pre-mature payment of loans.

Citibank

Citibank is expecting to get Rs. 1,500 crore in housing loans in the year 2002, as opposed to Rs. 900 crore in the previous year, in the New Delhi sector. The bank extended Rs 250 crore housing loan during the past two months. Citibank offers a 100 per cent home loan, with an overdraft facility, which reduces the loan period to seven years from 15 years.

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Buyer's check

Flat Buyers’should check…….

Before  finalising  the deal,  one  must get information on  certain vital facts about  the builder in terms of his previous projects. Check his track record on amenities promised versus  provided and maintenance. These issues can be discussed with the occupants of his earlier projects. Also find out how long he has been in the industry and whether he is he known to give timely possession.

Any question, however simple it may seem, has to be asked to the builder and all doubts must be clarified before you finalise any deal.

Some  of the important points to be covered are:

Does he have a clear title to the land?

Has the builder got his plans approved by the BMC and has he been given permission to start work? This can be ascertained by intimation of disapproval (IOD) and Commencement Certificate (C.C) for the project under construction.

What are the plans, designs and amenities offered by the builder? While looking at the plans, make sure that the optimum use of the space is made with minimum wastage area. Also make sure that the interior layout is comfortable, according to the space.

Will you get possession in time? A delay in getting possession of your flat may result in hardship and inconvenience to you and your family. So, please ensure the period for which you shall have to wait to get the possession is clearly stated.

Have the occupancy certificate formalities been  complied with? If you are taking ‘Ready Possession’ property, ensure that the builder has received the Occupation Certificate from BMC. This certificate confirms the construction of the building according to the approved plans.

A few things you must check:

Area of the flat: Always check the actual carpet area of the flat. Measure  it yourself with the help of the site engineer.

Quality of construction: As the quality of construction cannot be verified visually, ask the builder about the brands/types of cement, paint, tiles, fittings, etc. used in the building. Also make sure the waterproofing is done up to the mark.

Project approval by housing finance companies: Check whether the project of your interest is approved by reputed housing finance companies. It is easy to get a housing finance loan for an approved project.

Additional charges: Confirm with the builder) whether any additional charges like legal fees, society deposits, corpus fund etc. are included in the agreement or not.

After,sales service: Does your builder offer any services like suggestions for interior decoration, estimated sample flat furniture costs, maintenance services of the plumber, electrician, gardener etc. helping in society formation. LPG transfer formality and telephone connection?

Excerpted from a Pocket Guide to Property Buying,By Marathon Realty

Nova Industries presents the Czar range of bathroom fittings and faucets. The designs available  are  Symphony, Safari, Sonnet, Sleek and Spectrum. Symphony has a half turn  with foam flow function, Safari has a single lever action with ceramic cartridge, Sonnet and Sleek have a quarter turn with ceramic cartridge and Spectrum has a full-turn action.

The colour range includes ivory gold, bottle green, aqua green, satin red, chrome, black gold, graphite, lapis blue, mystic grey, crimson red, desert glow, chrome gold and sea grey.

Kruti creations designs a wide variety of artistic items in fusion glass ranging from shower enclosures, doors, windows, room partitions , table bases, murals , one piece wash basin tops, etc.

Kutty's presents moulded phenolic compressed wood fibre doors. Strengthened with kiln dried rails and stiles, they come with a grain effect etched on the panels to give the door a natural look even after painting. There is a choice of four designs-Herra, Vishala, Fantasy and Eleganza in three thickness options, 30,35 and 40 mm in standard sizes. Each design comes in two types- heavy duty and light duty. The heavy duty has solid wood strips while the light duty type has a semi-solid internal structure. The doors are delivered pre-primed (textured) by a three-coat process.

Avoid water-borne diseases with the r. Ultraguard mini magic water purifieA compact model using ultraviolet technology. It has a four-stage purification process. A polypropylene filter bag removes major dust particles and the multiplayer candle removes suspended particles.

Made from 304 grade stainless steel and polycarbonate, the machine is tough, durable and corrosion free. It requires minimum maintenance and has a special candle protector that increases the life of the candle and reduces the replacement cost.

Alps industries Ltd, which recently launched the Vista brand of window dressings and bed coordinates, has now forayed into laminated wodden flooring with Vista Floor Fashions and laminate wooden ceiling and wall panels – Vista vails. The Vista Exolique laminate wooden  flooring is available in four decors with a 10 year warranty, priced at Rs. 111 per sq. ft. accessories extra. Vista has a unique intermediate underlay  “hush factor” that  reduces sound reflection and transmittance. It is resistant to UV rays, stains, indentation, impact, cigarette burns,  household liquids and scratches. These floorings are pre-finished, non – allergic and conserve energy by heat insulation. According to the manufacturers, they are easy to maintain, repair or replace and do not require any re-finishing polishing and waxing.

Tarus has introduced its new collapsible garden swing, which can be easily dismantled and re-assembled as and when required. Ideal for housing and restaurant gardens, the swing comes with a tiled roof and teakwood bench. There is no cross-swing impact since the swing has been designed without a chain. Tarus also offerd all types of office furniture, easy chairs, bunk beds, folding beds, trolleys, etc.

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