realacres

Seems you are looking at NA land.

__________________
IREF Rules - Read Me

Jitu_Sir

Dear realacres,
Yes. For residential & commercial development NA is a must. Infact we would prefer to have plan sanctioned over the plot which ensures clear title.

__________________
Jitendra Pethkar
Pethkar Projects
Partner

enduser

Here is where the catch is. If you build 10 to 15 flats one over the other on a single piece of land the cost of the land gets distributed among the 15 flat owners. But Builders keep misguiding people with their faulty logic and make heavy profits. Plus, the 1500 psft construction cost is purposely projected on the higher side.

Some do it in bland way some do it in very sophisticated and educated way. But everyone finally does one thing, "MISGUIDE!"

Jitu_Sir

Dear enduser,
One cannot build more than FSI allowed by municipal corporation. We need to leave area for open space, set backs, front margins etc. For e.g. for a plot of 3000 sft the total buildable area cannot exceed 3000 sft for an FSI of 1 ( you can build a single storey of 3000sft or 15storey of 200sft each). If one wishes to build more he needs to purchase TDR, which is not easily available and whose cost is at par of land prices.
2 FSI is for slum redevelopment (EWS) or IT sector only

frugality

Jitu Sir can you comment on this article ? ....
is it not the same for pune brokers .... daily brokers are putting ads non stop for 12 months ..... for the same property ?
are TOI ads free to brokers....
sometimes even multiple broker put the ad for availablility of 3 -4 flats on the same floor ... ?
are all the owners of same floor dealing thru same broker ....


http://www.indianexpress.com/news/so...dback/596210/0

Jitu_Sir

Dear frugality,
Its really a nice piece of information. Dont know much whether it is same here in Pune, as we have a policy of direct sales.
In our case we do retain few units to facilitate material storage of finishing items and daily work of various agencies.

maheshk2k

Jitu,

If you don't mind, could you please reveal exact number of these retained units?

Jitu_Sir

Dear mahesh,
I am unable to provide you exact number as it is confidential. Normally few units from 1st & 7th are retained to facilitate development of building.

Jitu_Sir

Dear sameer,
You had said it right. Agreement value is summation of Construction Cost, & Land Cost. Land is not a service so Service Tax can only be levied on Constrcution cost. Here is the real issue as to how to evaluate land cost as in some cases the land cost is too less than costruction cost while in some areas the land cost is major one.
Govt proposes that they would consider 1/3 cost of agg value for construction i.e. they would charge 10% ST on 33% of agreement value OR in short they would charge 3.33% of agreementl value.
CREDAI (India) has already decided to take this issue to finance minister to rethink on this additional levies and its interpretation.

punerebuyer

in fact, it is getting more interesting now... because now people are asking all sorts of questions and posting their experiences about other cities / locations / financial etc.

I agree that no forum can force a builder to reduce his rates (read: greed or profit margin etc etc), but at least we are seeing what every builder is doing in Pune?

Jitu sounded logical initially as people were not asking many questions but now that so many views are coming, he is now simply reduced to saying that 'My project is VFM and I am getting buyers at this price'.

I have personally informed many people about this discussion thread and i bet other guys are doing that as well. So at least some people will know builder's words and how much to trust them..