Results for #prices
Purchase & Sales
#property#prices#expected#mumbai
Is there any reduction in property prices expected in Mumbai?
Is there any reduction in property prices expected in Mumbai?
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Answered on November 08, 2017
a) Not till the outskirts of Mumbai city is fully developed like in advanced countries; b) Poor logistics and infrastructure developement is also one of the key reasons for No Reduction in property prices.
Purchase & Sales
#prices#impact#property
Do ready reckoner prices have an impact on the prices of property? If yes, what is it?
Do ready reckoner prices have an impact on the prices of property? If yes, what is it?
Answered on November 08, 2017
Ready reckoner has the single most important impact on the pricing of any property. Most of the premiums of the statutory authorities are tied to the ready reckoner. Hence an increase in the ready reckoner price has a direct increase on the cost, which shall ultimately affect the price. A classic example of the same can be seen in Mumbai, where ready reckoner prices have increased multi-fold in...
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Legal
#rented#flat#builder#prices#clubhouse
I have rented out my flat in Brigade Metropolis,Whitefield,Bangalore. The club house there is owned by the builder. The prices of this clubhouse are quite high and it is mandatory to pay these charges. The RWA has also agreed to the clubhouse by laws. The tenant in my flat doesn't use the clubhouse either. I don't wish to bare this extra cost. What do I do about this?
I have rented out my flat in Brigade Metropolis,Whitefield,Bangalore. The club house there is owned by the builder. The prices of this clubhouse are quite high and it is mandatory to pay these charges. The RWA has also agreed to the clubhouse by laws. The tenant in my flat doesn't use the clubhouse either. I don't wish to bare this extra cost. What do I do about this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The fees and charges in connection with the club house would depend on the terms of the Agreement executed by you with the Developer when you purchased the flat. If, the Agreement provides that payment of charges towards the club house are compulsory and if you have agreed to the same then you would be required to pay such charges irrespective of whether you used the clubhouse facility or not.
Purchase & Sales
#property#prices#mumbai
What are the factors due to which property prices are so high in Mumbai?
What are the factors due to which property prices are so high in Mumbai?
Answered on November 08, 2017
There are a couple of reasons behind this. All MCGM costs, are dependent on a ready reckoner rate, that is reviewed and set by the government annually. Over the last couple of years, there have been exponential increases in the prices of the ready reckoner rates. All MCGM related costs are directly proportional to these rates and hence have gone up many times over the last couple of years. Besi...
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Purchase & Sales
#mumbai#prices#smartcity
Will Mumbai real estate prices be affected by the Smart Cities initiative?
Will Mumbai real estate prices be affected by the Smart Cities initiative?
Answered on November 08, 2017
It may, if, a) smart cities offer better quality life in terms of Education, Health, Fairly priced Accommodation and Job/Business opportunities; b) there is a good connectivity with Mumbai city.
Purchase & Sales
#rise#fsi#prices#mumbai
Will the rise in FSI result in an increase of real estate prices in Mumbai, or the opposite?
Will the rise in FSI result in an increase of real estate prices in Mumbai, or the opposite?
Answered on November 08, 2017
Mumbai has been the major attraction for immigrants from rest of the country because of its fast overall developement and high employment opportunities. Few reasons influencing no reduction in property prices : a) The constant need of migrators to Mumbai encourages landlords to hold on to high prices. b) There has been constant increase in premiums payable to MCGM ; c) Cost of construction has ...
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Purchase & Sales
#prices
If the builders are reaping benefits from lower prices in steel and cement, why don't they pass on these benefits to the consumers?
If the builders are reaping benefits from lower prices in steel and cement, why don't they pass on these benefits to the consumers?
Answered on November 08, 2017
Price of any commodity depends upon supply and demand. When prices of steel and cement are lower it implies that there is no sustainable demand from the real estate as well as infrastructure. As such combined cost of cement and steel forms a very small percentage of price of a real estate in mumbai so even the substantial decrease in rates of these commodities will not have any measurable impac...
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Answered on November 08, 2017
This is a very generic question. However, it would depend upon the facts of each case. Under the VAT regime, many States had introduced composition scheme with tax rates as low as 1%, without Input Tax Credit (ITC). There is no such composition scheme under the GST regime. At the same time, builders would be eligible to claim ITC on inputs/input services used in the execution of works contract...
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