Monthly Archives: July 2016

All you need to know while considering pre-booking a project – Part I

Buying properties in Mumbai and even in the adjoining cities of Thane and Navi Mumbai is no more just matter of few lakhs. It reaches from lakhs and lakhs to even crores these day. In such a scenario, the middle class looking to buy home have to look for ways such that they can get atleast some discounts. And one such way is pre-booking the projects. Pre-booking also comes with its own sets of advantages and disadvantages. In this post, which will be divided into parts for better understanding and absorption, we will discuss all you need to know if you are considering pre-booking a project.

Pre launch and Soft launch

In the context of pre-booking, you will frequently come across two phrases i.e. pre launch and soft launch. It is very important to understand the meaning of the two as its clarity will help you making a beneficial decision in your favor. Both pre launch and soft launch projects raise funds for building the project from the buyers. However there is a very thin but very important distinction exists between the two. Pre launch properties are those who are yet to receive the approvals from the relevant authorities and are raising enough fund to initiate the process right from the scratch, while the soft launches are the one who have already secured the required approvals and are raising fund for the construction of the project.

Now the question arises, if such is the scenario why one should invest on the pre launches? The reason is the considerable discount that one can get if investing on pre launches. The percentage of discount often goes up to as much as 20-30 % which is crucial for the middle class. However, soft launches surely involve lesser risks.

How the developers pre-launches a project?

The pre-launch of a project occurs only through words of mouth among internal sources. The developers inform the brokers, who in turn inform the investors or buyers who get in touch with them. Pre-launch projects are generally not advertised in any other formats as there lies some legal boundations due to the unavailability of required permits. Therefore if you are at all looking for pre launch project because of its considerable discounted rate, get in touch with some trusted brokers.

In the following parts of this blog, we will discuss the advantages and disadvantages related to buying a pre-launch or soft launch project and the precautions which one needs to take while putting the money in.

Alibaug 23.5 Acres Land For Sale

Hill Side good agricultural land 23.5 acre road touch in complete fencing with farm house cattle shed three phase power supply, well, big pond, long stream, water falls check dam pump set, overhead tanks, piping etc.

325 big good Alphonso mango trees 3000 teak wood trees

Good for agricultural resort,secret resort,health resorts,adventure sports, farm house, plotting for villas \ second home, community farming etc.

ALPHANSO at ALIBAG

CLEAN WATER FALLS

GREENERY at ALIBAG

MANGOS TOUCHING THE LAND SO GOOD LAND

QUALITY LAND AND MANGOS UP TO THE ROOT LEVEL

ROADS to ALIBAUG LAND

SWEATY ALPHANSO MANGOS TO BREADY  BY NEXT MONTH

VARY GOOD LAND

WATER FALLS at ALIBAUG

100 acre Industrial project in Nerul/ Juinagar

20160728_134254_resized

20160728_134309_resized

20160728_134322_resized

20160728_134324_resized

Some of the highlights of the project are:

Proposed multiple buildings of international standards and design, to be built in phases.

Proposed scalable area of 2 million sq feet.

Proposed town plaza apart from industrial workshops.

Environmental clearances received.

Commencement certificate received.

Construction work in progress.

Column free units, 16 feet floor height.

Slab strength of 5 tons per sq meter.

3 phase electricity.

Site visit possible

Contrary to the popular belief, Townships can actually be better deals for the middle class

Yes. As the title suggests, buying home in the townships can actually prove to be better deals for middle class much contrary to the popular belief. Why? Know here.

Townships, the term in modern language, has been coined with large residential/commercial complexes with their own full-fledged facilities with that of a town but of course not its own administration. These townships are nowadays a flourishing part of the real estate business and actually offer a perfect place for property investments.

Townships generally are independent in terms of the facilities and amenities and also provide opportunities in terms of jobs availability. Another important aspect of these townships is that since it is well-planned, it offers a lot of open-space and natural beauty. Going by all these amenities, you might think how budget friendly it is. But it actually is.

Townships generally require a huge space of land to be structured upon. And these large land spaces is tough to get in the heart of the city. Therefore townships are located away from the city usually.

Again buying a house away from the city means there will be considerable lack of basic amenities, transport and other facilities. In such a situation, these self-sustaining townships lowers such risks considerably. Therefore townships these days are a win-win deal in both the ways. Not only they are comparatively lesser in price than that of in the main cities but also comes with hosts of self-sustaining facilities.

Therefore if you are planning a home of your own, do not stay back from considering townships. You never know you may end up with a much better deal. Stay tuned!

Metropolitan building at Bkc

Premises at BKC

Carpet Area ( sqft)

Saleable / Leasable area sqft  ( appx)

East Wing 

4606 ca

7675 sa

West Wing 

4994 ca

8325 sa

East Wing

4602 ca

7670 sa

West Wing

4990 ca

8315 sa

Total

19192 carpet area

31985 salable area

 

Parking : 16 nos , 8 Open & 8 in Stilts.

 

Rate : Outright : 28000/sqft , Lease : Rs 225/sqft./month

 

The Premises can be offered for both Sale and or Lease.

Maker tower, Cuffe Parade commercial premises

Maker Tower commercial office space
Plot Nos.73-A, 74, 83, 84 & 85 of Block V, Backbay Reclamation, Cuffe Parade,
Mumbai 400 005

Type of property

Commercial

No. of storeyed building

20

Lift Availability

Yes

Present occupancy

Vacant – warm shell

Earlier Occupant

Leased to Axis Bank up to 31.1.2011 – Lease Rent : Rs.40,87,470/- p.m.

Built Up Area

Agreement : 14342 sqft BUA

Carpet Area

13195 sqft

CAM + Property Tax

Rs 5,35,250 / Quarter ( payments to be borne every quarter)

CTS No.

Cadestral Survey No.641

Car Parking

3 Open Parking as per copy of the agreement

Year of Purchase

1980

Age of Building

30 Years

Property Tax dispute matter

Since the property was given on lease there is an outstanding towards property tax which is being contested by the society with BMC. This applies to all buildings in this area. Our Secretarial dept is handling the case

Sale price 30k psf
Lease rate 250 psf.
 

Consulate and international bank for sale in South Bombay

Good day.

 

I am enclosing the working of Pre-leased Option of a consulate office at Nariman point.

 

I would like to highlight some of the points which are as follows:-

 

1.       This is held by Special Purpose Vehicle (i.e. Private Limited Company). The SPV is only holding this Commercial Unit & has no other business or liabilities. If the client buys in the SPV as the route of purchase, he saves STAMP DUTY 6%, TRANSFER CHARGES Rs.400/- per sq. ft. and Registration Charges.

 

2.       There is a Tax planning benefit done in the company for the rental which he shall benefit from by buying it in the SPV route.

 

3.       The lock-in period of the Consulate is till 2020 & for bank is till April 2016 with a built-in for 2 years more. They have informed us they will renew for 3 years now straight.

 

4.       This commercial basement unit has a height of 18.5 ft. (The one of the largest in height in Nariman Point.).

 

5.       The area of the Unit is 3232 sq. ft. Incoming rent is 3 lacs. Sale price 5.5 cr

 

For inspection you will have to tell me 4 to 5 days in advance. If you require any further clarification kindly get in touch with me.