Showing posts with label Kolhapur real estate. Show all posts
Showing posts with label Kolhapur real estate. Show all posts

Tuesday, June 11, 2013

Kolhapur all set for two new malls !!!


The mall culture is all set to finally find its place in kolhapur with multi-brand retail outlets emerging day by day. Many kolhapurkars are preferring hypermarkets over their usual grocery store. Right from the inception  of Big bazaar in 2007 kolhapur has seen a tremendous growth in its hypermarket sector. D-mart, N-mart, Vishal Mega Mart, Star Bazzar, Reliance Super found thier way in kolhapur.
This year Kolhapur finally got its first mall 'The Reliance Mega mall' and now with the inception of of reliance mega, kolhapur is all set to get two more malls , Tata Croma and the D.Y Patil mall.
Tata Croma is located near 'pitli ganpati'chowk in tarabai park and the D.Y Patil mall is on the old p.b road besides the railway crossing flyover.

 

The D.Y Patil Mall and 5 Star Hotel :-

D.Y Patil Mall & 5 Star Hotel

D.Y Patil Mall & Hotel -Birds Eye View

 Tata Croma :-


Tata Croma is under construction at the pitali ganapati chowk near residency club, tarabai park.

 





View Larger Map

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Sunday, June 2, 2013

Deokar Panand & Sane Guruji Projects

Deokar panand & sane guruji are developing residential areas of the city. Close proximity with mahalaxmi temple, mahadwar road, rankala lake and the old kolhapur peths have made these areas a prime residential destinations. Wide roads, greenary all around ,away from  hush n rush of the peths and connectivity due to the new ring roads are inviting many real estate developers here. Lets take a look at some of the prime projects.

Palm Groove

Palm Groove


Anandi Residency :-

Anandi Residency

 

Indraprastha :-

Indraprastha

Sunshree Kangan :-



Sunshree Kangan

 

Sai Estate :-


Sai estate


Sai Malhar :-

Sai Malhar

Vrundavan :-

Vrundanvan

Sankalp Siddhi :-



Sankalp Siddhi


Related Posts :-

Tarabai Park & Nagala park

Mukta Sainik & Market Yard

Panhala Projects thread

Sunday, May 26, 2013

An Agreement of Your Flat - It's not a "Sale Agreement"!

An agreement of your flat is a 'sugar teat'...keep on sucking till you get possession, baby!



"Agreement to Sell" & "Agreement to Sale"


We all know that 'booking a flat' is just a fantasy. Popularized by the banks and builders to earn huge profits. Property agreement is presented as if - "the goods" are transferred from the seller to the buyer. As if - a builder hand overs a 2 BHK Flat to a home buyer for a price!

Except the property buyer who has booked a flat, we all know that reality is - the property is not yet ready. In the next 30 months a builder is going to construct it. Obviously, the agreement between a builder and a property buyer is not "Sale Agreement". It is not absolute.

In the simple terms - a property agreement is just a pure and simple contract between a builder and a property buyer. By signing the contract - the property buyer only establishes his claim and a builder agrees. It means that it is "Agreement to Sell." Actual sale - exchange of goods against a full and final payment will take place when the flat is ready.

Till that happens the seller - the builder - remains the owner of the property. Obviously, the builder tries his best to protect himself against all odds he has to face in the long construction period and sets favorable terms in "Agreement to Sell".

Fantasy & Reality:


Developers in Maharashtra, one of the biggest realty markets in India, said since agreements are drafted as in the Maharashtra Ownership of Flats Act, there is very little scope of exploiting buyers.

“Basically, there is a standard agreement described by the Act. Therefore, there cannot be violation which can come under the purview of CCI. It is mandatory to follow the Act,” said Lalit Kumar Jain, national president, Confederation of Real Estate Developers Association of India.


Fact of the matter is, this "Agreement to Sell" is useful only to a builder and a bank. For a builder - agreement is a source of money. For a bank, a agreement is an excuse to fund a builder against the security of a property buyer.

Obviously, banks which lend funds & builders who receive funds, both have no issues about an agreement. Only, a property buyer who makes 2 commitments with this agreement - 1) to fund the builder and 2) to repay to a bank - has some issues. And issue is not about his role. Why don't banks fund builders directly? Why the financial transaction between a bank and a builder happens through a property buyer? Because banks don't trust builders! A property buyer is held as a ransom, offered as a security!!

Point is property agreement is useful only for builders and banks. Obviously, nobody wants to stop the practice of using property as fuel. Nobody says - property buyers, grow up! Give up dummy and enjoy real!!

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Tuesday, May 21, 2013

Tarabai Park & Nagala Park Projects

Tarabai park/Nagala park the most preferred destination of the natives and the upper-market of the city. Amidst a league of the well-known and posh landmarks such as the New Palace, Residency Club, Circuit House and with a fleet of  prime schools and colleges, plush hotels, commercial spaces, government offices and a residence to the top bureaucrats & politicians. Its proximity to the central bus stand , railway station, industrial areas and the Bengaluru bypass gives it easy access from the western and southern parts of the city.
The residential prices here range from 3700 to 5200 per sq ft. Luxurious flats , Penthouses, High rise towers are making their way here.


Some of the prime ongoing projects in Tarabai park/Nagala park. 

(click on the project titles for more details)
 

Magnolia Prime :-




 

Evergreen Homes Township :-




Wonder 11 :-






Nakshtra :-





Aim Reality :-



Cloud 9 :-


Vishwakarma Prestige :-






Himmat Bahadur Enclave :-







Ekaant :-



 

Aim Platinum :-



Acacia :-






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Wednesday, May 15, 2013

Legal bribes for flat registration!


I feel, all builders are happy to pay bribes. Because, builders know that they can recover bribes from their property buyers - with profit!

For example, your builder asks you to pay "legal charges" - around Rs. 5,000 - in cash. Why? Because for the every agreement your builder pays minimum Rs. 600 to the Sub-Registrar and Rs. 300 to the senior clerk and on an average Rs. 1,000 to the rest of the staff in the sub-registrar’s office.

In general, your bribe is as much as the 'official fees' for the registration of your document. Means, even on your bribe, after deducting the salary of his staff (including advocate on a payroll), builder earns some handsome profit. As usual, at your cost.

You may or may not be a supporter of Anna Hazare's agitation but, I know, you are against corruption. You are against giving and taking a bribe. By refusing to pay "legal charges" to your builder, you can take a small step towards eradication of corruption.

Don't worry about the registration of your agreement. Generally, the builder's representative asks for the bribe money before your agreement is registered. Because, the builder's representative pays bribe when he collects your document.

If you say no to bribe and refuse to pay cash to the builder's representative, the builder has to pay from his own pocket. Because, your agreement is more useful for your builder than to you.

Your builder, besides paying bribes for the sanctioning authorities, had already spend a few crore rupees on advertising and sample flat, to promote fear of property price rise, to brainwash you that booking at the launch / pre-launch or under-construction stage is more profitable than buying a ready possession flat and to force you to sign the agreement. Because, your agreement is his only source of funds.

So, your builder will cough the registration charges and bribe out of his own pocket. Because, without your agreement, your builder will not get funds from the bank!

Who knows? By refusing to pay bribe for the registration of your agreement, you may motivate your builder to join agitation against corrupt


Related Stories:

1) Corruption in India has become worse: Ratan Tata

2) Why politicians don't want to fight corruption

Sunday, May 12, 2013

Mukta Sainik & Market yard Projects Thread

A stones through away from the Pune Kolhapur Highway yet located amongst green pastures, Mukta Sainik & Market yard area are giving birth to luxurious terrace apartments, penthouses and lavish bungalows. The area enjoys close proximity of eminent education institutes, hospitals, hypermarkets, industrial areas, airport, railway station & central bus stand.

Menon Bungalows, Hanging Gardens are some of the existing benchmark luxury projects in this area.

Hanging Gardens Luxury Apartment ( Actual Flat Photographs)







Some of the Ongoing residential projects here:-



Paranjpee Schemes-Mrudhgandh

Decks

Viswakarma - Rajana Residency



Anantpuram Township Project

 
Matoshree Malaygiri


Icon Residency

Niwara



Related Posts:-


Pre-launch offers are illegal!

Lodha Pre-launch Offer

Pre-launch offer is bluffing & cheating:

Several developers are coming out with pre-launch offers through advertisements and special invitations. However, according to experts this is completely illegal as developers are selling apartments even before the grant of the license to develop the property. 

"It (pre-launch offers) is a big zero. Pre-launch offers are 100% illegal. Unless you pass the plan (for the building) you cannot allocate flat or apartment number to a buyer. And several developers are found doing the same,” said advocate Vinod Sampat. Read More

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VAT Related Questions & Answers

Wednesday, May 1, 2013

Upcoming Commercial Spaces in Kolhapur.

With the growing urbanization, industries and changing lifestyles, Kolhapur is experiencing a large growth in its commercial market. Showrooms, Corporate offices, Hypermarkets are growing day by day. This change has led to a tremendous growth in modern commercial spaces in the city. Rajarampuri, Tarabai park/Nagala park, Shahupuri, Old P.B road/CBS etc are becoming favored commercial destinations. All the upcoming prime commercial projects here are ranging from 14000 - 25000per sqft and are well equipped with all modern amenities and infrastructure.

Some of the prime ongoing commercial spaces:-
Tathastu Corner (Rajarampuri)
Atharva Elegance (Shahupuri)
Galaxy (Tarabai Park)
Revolution (CBS)
Nucleus (Tarabai Park)
D.C Plaza (Nagala Park)
G-Square (Rajarampuri)
Ace-Arcade (Rajarampuri)
Grand Signet (Rajarampuri)
Krystal Plaza (Tarabai Park)
Royal Plaza (CBS)
R.K Empire (Shahupuri)
Square 9 (Tarabai Park)
Navrang (Nagala Park)






Related Posts:-

Reliance Mall Kolhapur !!

Kolhapurs Biggest Commercial Complex !!








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