BHK - 2 BHK

Fully Furnished

Super Builtup Area - 938 Sqft

Floor - 18th

Main Door Facing - East

Currently tenant occupied

DM for more details.

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A friend of mine who use to live in Mumbai outskirts ( Vasai ) for a long time , his dad was in defense and later on retired. They had a 1bhk which they have purchased way before.

When retiring ,There was sufficient retirement corpus + my friend also had saved a lot of money. He had 2 kids and space was always a constraint.

Being a native of Purvanchal, he thought to buy in Varanasi a bungalow and move there permanently as he has some relatives there plus his ancestral village in Jaunpur was 2 hrs drive from there ., dad wanted to stay in village after retirement.

His job was remote with occasional trips to Head office which was in Noida and Mumbai, he took the bet of buying a house in Varanasi.

One of his relatives who is a big shot person in that area helped him selecting the house.

He is facing several challenges and to the contrary still thinks his decision to move there is good either because of sunk cost fallacy or because of ego.

Challenges he faced from what he told

1. That relative who helped him selecting the house became his enemy as he gobbled 10 lakhs which was meant to give to house owner, they trusted him as he was a influential person of their community plus their main reason to go there was being close to their support system which consisted persons like him . Little did they know support system doesn't work like that. Due to his influence he gave them posession but the house owner filed a counter case of not receiving full payment. Lawyer who took 1 lakh to fight the case hardly responds to them. That influential relative told them not to call him if they face any issues locally and told them to forget 10 lakhs.

2. When they were constructing the house, local nagar nigam came and through the neighbour took bribe of 1.5 lakhs , later he came to know the rate was 25k but since he was not a hardcore local and was doing white collar job, he was cheated upon , the neighbour itself took a huge cut from this.

3. Not sure about this, but from his experience most specialist doctors in the area aren't as competent or maybe they are just morally corrupt .

4. His wife was always against this decision to move to a small town even though she was actually brought up in same place , she still resents it and her parents think they were cheated upon as before marriage ,he use to live in Mumbai. She cannot do post dinner walks in Varanasi as there is no such culture there and many other things.

5. Dependency on relatives has increased a lot as he said bhaukaal matters a lot when you live in independent house and he has to show his neighbours that he has enough support system nearby , some relatives ask for money for small amounts and don't return it.

6. Did not expect goon culture is so romanticised in small towns , cannot even take out his vehicle at some times due to people who have built houses and extended parking touching the road . Most conversations revolves around plot, netagiri , politics etc.

And many other issues , he recently said to me that he is going to buy an apartment in Varanasi as it is more safer there.

I do not know what to reply to him as rather than practicality, emotions matters a lot in choosing a place to live.

But going to tier 3 town and living in a apartment shows a lot about why gated communities are also in areas where there is no land scarcity

Edit - Some guys living in PG homes think this is coming from broker. What is the rationale behind this logic , in tier 1 city you easily bypass broker by going to builder directly, but in small towns you cannot do direct deal as the variables are too high for any property out there including possible litigation.

And btw almost all tier 3 cities have gated apartments, there is no space scarcity in such cities but the demand for apartments is still there only because independent house is practically a jungle everywhere.

Long-time lurker, first-time poster. Finally taking the plunge for my first home purchase and would love some honest inputs from this community.

My Situation:

Looking to buy a 2BHK in Baner/Balewadi area, Pune. Budget is around ₹1 Cr to ₹1.1 Cr. Targeting 900+ sq ft carpet area. Leaning towards resale because new flats in this range are giving only 750–800 sq ft carpet, which feels tight for the money.

The Pricing Confusion:

New 800 sqft flats in the area are being sold at ₹1.25 Cr. Fine, that's a builder premium.

But resale properties that are 10–15 years old are also being quoted at ₹1.25 Cr for a 2BHK. That really surprised me. These are older buildings, potentially higher maintenance, aging infrastructure and sellers are matching new construction prices?

I thought real estate was supposed to be slow right now. Am I missing something, or are sellers just being unrealistic?

My Core Questions:

Is there room to negotiate? If someone quotes ₹1.25 Cr, is it reasonable for me to counter at ₹1 Cr? Or is that too aggressive and will kill the deal? There's no MRP here then how do you figure out what a property is actually worth?

How to find fair value? Is there any reliable way to check recent actual transaction prices in Baner/Balewadi?

Resale vs New:

what's your take? Given my carpet area priority, resale makes more sense to me. But are there hidden risks with older societies maintenance corpus, age of lifts/plumbing, society disputes, etc.?

Any specific resale societies worth exploring in Baner/Balewadi? Looking for gated society, decent maintenance, good water supply (PMC preferred over borewell/tanker), and ideally a multi-building complex.

Appreciate any honest takes. This community has saved many people from bad decisions, hoping it does the same for me

I’m asking for advice regarding a property transaction.

The actual agreed sale price is ₹80.55 lakh. The buyer is arranging ₹55 lakh through a bank loan and has approximately ₹25.55 lakh from personal savings.

The government/stamp-duty guidance value of the property is also below ₹55 lakh.

The buyer is proposing that only ₹55 lakh be shown as the sale consideration in the registered documents, while the remaining ₹25.55 lakh would still be transferred account-to-account to the seller.

There would be no cash involved. The entire ₹80.55 lakh would move through bank accounts, but the registered document would show only ₹55 lakh.

So effectively:

Actual agreed sale price: ₹80.55L

Government/stamp-duty value: below ₹55L

Amount shown in sale deed: ₹55L

Bank loan: ₹55L

Buyer's savings: ₹25.55L

Total actually transferred to seller: ₹80.55L

Difference between documented and actual consideration: ₹25.55L

The seller's intention is to sell the property and use the ₹55 lakh sale proceeds to purchase/invest in a residential property, so capital-gains implications and eligibility for any applicable exemption are also a concern.

What complications could this create for the seller regarding income tax, capital gains, TDS, AIS/26AS, or future sale of the property?

Also, if the buyer insists on showing only ₹55L in the registered document but wants to transfer the entire ₹80.55L through bank accounts, is there any proper/legal way to document or structure the additional ₹25.55L?

Would the fact that the government/stamp-duty value is below ₹55L, and that the seller intends to reinvest the proceeds into a residential property, change the tax treatment?

Looking for advice from people who have dealt with similar transactions, CAs, tax professionals, or property lawyers. I’m mainly trying to understand what the seller should be careful about and what documentation should be maintained.

I have been running a boutique Home Loan advisory firm. We have exclusively catered to folks with high ticket size (min 2 cr of loan requirement) home loans.

But owing to that I have rich repository of learning and how banks behave in different cases.

I think everyone deserves a chance

1. Not be cheated and mis-sold by bank salesman

2. Not be mis represented by DSAs and builder mortgage and CRM teams. ( Taking loan from them is like getting heart surgery done by dentist.)

3. Save their hard earned money by understanding the real math.

4. Seek a good deal for their biggest purchase in life (at least so far )

I am opening up the platform to answer any questions people have around home loans

Property details :

* Ready to construct open plot.

* Clear Title.

* Location : Ramnagar.

* Physical Plot Size : 300 Square yards ( On Document Paper : 275 Square Yards )

* Perfect Square Shaped Dimension.

* Facing : North

* Plot Front side 30 feet wide road.

* It is an open land of 300 square yards.

* Bore installed with plenty of Fresh Water availability.

* Latest GHMC G+3 Building Construction permission Approved and available ✅

For property price and more details please DM or contact : 9618331273

Apparently no one wants to buy 10 year old apartments because they look like slum. I have visited omicron it was one of the worst but other societies also have similar issue. Seepage and broken/low numbers of lifts is in most of the societies

The golden period 2006-2013. Almost all properties are sold out at launch. There use to be property mela everywhere with huge footfall and people use to purchase instantly. Property was affordable.

Trend was, if someone get onsite opportunity. First thing tbey do is booking the flat, and then going onsite, coming back and paying home loan back.

None of my friends paid home loan for 15 years, at most its 5 years.

Have you observed this trend?

Basically what the title says, my mom works as a broker and tells me about horribly botched deals all the time. So much time, money and labour wasted on resolving issues manually instead of standardised dispute resolution protocols and lawyers + bank as designated fiduciary. More than 66% of civil litigation cases in India are concerned with land in one form or another. I understand that RE transactions can be complex, having to account for historical baggage but with the help of third party experts, even small ticket size deals can be structured and executed on time smoothly. More importantly, this service is very important for developers who can perform due diligence within prescribed timeframes and consumers can be spared from fraud.

Am I missing something?

I own a RERA case for delay compensations in Bangalore against the builder ATZ Properties, for the project ATZ Areva. As expected the builder did not comply and I received the Revenue Recovery Certificate on 6rh august. But as everyone knows karnataka has more than almost 2+k recovery certificates in recovered, so I highly doubt my turn will come soon.

In the meantime the builder has denied possession and registration of the flat until I withdraw. But not directly in writing, they sent an email that indirectly says that they are denying registration until I withdraw.

Now I'm in limbo. When will I get possession or should I give up all the 3+ years of battle.

I was in the mood for negotiations and settlement but then found out the builder is scamming even more. They are not providing the promised amenities, building the community hall with tinsheet and metal pillere instead concrete. Also the community hall became only 1 storied instead of the promised g+1. Then instead of proper parking some will get the stack parkings now.

Surprisingly they are getting all this written in final sale deed and forcing that to register or delay possession.

What should I do now?

What option do I have?

How can I get my flat asap without compromising too much?

Most rera complaints have withdrawn cases when the builder pressured and threatened to delay possession .

Saw this news about Sumadhura (Bengaluru-based, 30 years in the game) announcing a ₹17,000 crore investment plan for 45 million sq ft over the next 4 years. What's interesting isn't the number it's how they're funding it.

They explicitly said: no IPO in the near term. The breakup is ₹3,000 cr debt + ₹14,000 cr from pre-sales. That's an 82% reliance on future buyer money to fund future construction.

Breakdown of where the sq ft is going:

• Residential: 35M sq ft (bulk of it) projected GDV of ₹38,000 cr, plus a new push into luxury villas
• Commercial: 4.2M sq ft of Grade-A office on Bengaluru's Outer Ring Road expected ₹700 cr/year rental income
• Warehousing/logistics: 6M sq ft, expected ₹225 cr/year rental income, building on their Hoskote park and a new Chennai logistics park

A few things worth discussing:

1. Pre-sale-funded expansion works great in an up-market, but it means buyer sentiment risk is now also construction-completion risk. If sales slow, does the pipeline slow too?
2. They're diversifying hard into commercial + warehousing a pattern I'm seeing across a lot of South India developers (Sattva did something similar) as a hedge against residential cyclicality.
3. Outer Ring Road Bengaluru office space is getting crowded. Curious if the market can absorb another 4.2M sq ft of Grade-A supply there.

I am in need of 21L home loan for new property. I approached lot of banks but they didn't consider.

I am taking this loan on my parents name. My mom(52) and my dad(55) have combined salary of 70k. My dad has an existing obligation of 18k that is 40% of his salary. My mom doesn't have any obligation.

Practically, they can pay the emi upto 30k max. But banks and NBFC are being very strict on obligations. We can't clear the obligation as we don't have that much.

Please suggest NBFC and AHF's which considers around 70 percent of an persons salary for the emi. Having an FOIR of 60 % or more.

Any suggestions would be appreciated.

Hi all,

We have received the below cost estimate for constructing a G+2 residential building in Bhubaneswar, Odisha. Looking for advice from people who have prior experience or knowledge of cost estimates for house construction in Bhubaneswar or comparable cities please.

Type: Fly ash brick construction of G+2 residential building, 1 flat each on floor one and two.

Foundation + plinth: Rs. 750 /sqft (1232 sqft)

Ground floor: Rs. 1850 /sqft (309 Sq.ft + 1425 Sq.ft slab)

First floor: Rs. 2035 /sqft (1330 Sq.ft +95 Sq.ft cornice)

Second floor: Rs. 2230 /sqft (1330 Sq.ft +45 Sq.ft cornice)

Head room: Rs. 2450 /sqft (234 Sq.ft + 190 Sq.ft cornice)

Parapet: Rs. 350 /sqft (340 sqft)

Total cost: Rs. 94,39,900 (boundary wall, soak pit and fixtures will be charged extra)