Review for Neelpadam kunj - Vaishali - Indian Real Estate Forum

anuj chugh · 01-07-12

Gurus,

I am getting a deal for 2BHK flat in Neelpadam kunj - Vaishali fro 40 lacs Could anyone suggest me how is it in terms of investment and for residential purpose as well ? How is the location and what could be the possible average rental income from this flat?

Any pros/corns of this option.

One question that is bugging me a lot is the reason why is it so cheap in comparison with other society flats in nearby proximity?

In nut shell, is it really worth it ?

Your response would be much appreciated !!!!!!!

cookie · 01-07-12

its very old building. poor maintenance.

hb_78 · 01-07-12

Anuj ji
Area kitna hai?

anuj chugh · 04-07-12

950 sq ft approx. Also, it is a leasehold property.

* Could i convert it to free hold?
* What are the challenges and disadvantages of purchasing this property?

Expert advice would be much appreciated.

kumarsekhar · 11-07-12

Hello Anuj jee,

I think you should convert it to free hold. For the challenges, Mostly it is paper work and lease terms. Are you getting this deal through Dealer or directly from seller(specific person who own the flat)?

anuj chugh · 14-07-12

Getting it directly through the owner (no dealer involved). Are there any challenges in making it free hold. If so please let me know.

Also, what would be the process to do so ?

01-07-12	#1
anuj chugh New Member Join Date: Jul 2012 Posts: 3 Likes Received: 0 Likes Given: 0	Review for Neelpadam kunj - Vaishali Gurus, I am getting a deal for 2BHK flat in Neelpadam kunj - Vaishali fro 40 lacs Could anyone suggest me how is it in terms of investment and for residential purpose as well ? How is the location and what could be the possible average rental income from this flat? Any pros/corns of this option. One question that is bugging me a lot is the reason why is it so cheap in comparison with other society flats in nearby proximity? In nut shell, is it really worth it ? Your response would be much appreciated !!!!!!!

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01-07-12	#2
cookie Veteran Member Join Date: Dec 2010 Location: South City-I,Gurgaon Posts: 11,567 Likes Received: 1770 Likes Given: 1426 My Mood:	its very old building. poor maintenance.

01-07-12	#3
hb_78 Senior Member Join Date: Mar 2010 Posts: 718 Likes Received: 142 Likes Given: 106 My Mood:	Anuj ji Area kitna hai?

04-07-12	#4
anuj chugh New Member Join Date: Jul 2012 Posts: 3 Likes Received: 0 Likes Given: 0	950 sq ft approx. Also, it is a leasehold property. * Could i convert it to free hold? * What are the challenges and disadvantages of purchasing this property? Expert advice would be much appreciated.

11-07-12	#5
kumarsekhar New Member Join Date: Jul 2012 Location: West Delhi Posts: 3 Likes Received: 0 Likes Given: 0 My Mood:	Hello Anuj jee, I think you should convert it to free hold. For the challenges, Mostly it is paper work and lease terms. Are you getting this deal through Dealer or directly from seller(specific person who own the flat)?

14-07-12	#6
anuj chugh New Member Join Date: Jul 2012 Posts: 3 Likes Received: 0 Likes Given: 0	Getting it directly through the owner (no dealer involved). Are there any challenges in making it free hold. If so please let me know. Also, what would be the process to do so ?