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Nandan Prospera?? Should I go for it?

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Nandan Prospera?? Should I go for it?

Last updated: August 25 2013
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  • Re : Nandan Prospera?? Should I go for it?

    Originally posted by atuljadhav View Post
    I completely agree with and I have nothing against stock investment. Just that stock market is much more volatile than RE and one should book profit/losses in stocks time to time based on the analysis done.

    About capital gain taxes...

    Exemptions from Capital Gains
    In case of Individuals and HUF, long-term capital gains are exempt if the sale proceeds are reinvested in certain assets.
    Some examples:
    A) Profits on sale of residential house is reinvested in a new residential house.
    B) Long term capital gains are invested in notified bonds
    These exemptions are subject to certain conditions and the reinvestment has to be made within the prescribed time.

    (source Income Tax | Income Tax India )



    So I am less worried about income tax aspect of RE investment as I can reinvest my profits in RE and save taxes.

    p.s. The link provided by you above is not working
    Here you need to consider following aspects:-

    >> The A & B points mentioned by you are correct but it is applicable only if the sale of property is less than INR 50L. So, if you sell Prospera for 5 Cr, you won't get any benefits from these.

    >> This tax benefit is also applicable for ONE house. So, you you have multiple flats, you won't get any benefits, just like IT benefits.

    Next, I never compared stocks with RE, I just said that earlier time was such that any tom, dick or harry who invested pre-2006 in RE has made huge profits.

    Now, you say that there will be bottoms & rises in RE, then man, why not wait till RE cycle comes down & then pick it up from there? This is the point which we are trying to make here.

    * PS:- You can have stop loss, average out factors in stocks, not RE. Also, you can diversify your scrips, not is the case with RE. What's more, stocks, MFs are READY POSSESSION & we need not depend on DPs.
    If you are happy, you are successful.

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    • Re : Nandan Prospera?? Should I go for it?

      Originally posted by kothrud_pune View Post
      What happen....u generally used to rent in heart of city...DO i think Balewadi is new prime area now..
      , well I will sub rent it !...The important thing is ..I am ready to make an agreement for 5 years....

      Comment


      • Re : Nandan Prospera?? Should I go for it?

        Originally posted by ash7979 View Post
        Where you get 3 BHK in 12K in Balewadi???

        I am staying in Supreme Palms balewadi & you wont get even 2BHK in 12K in SP, Balewadi.....

        If, you can get me even 2BHK in 12K in SP, Balewadi, then do drop me mail(PM)...as one of my friend is looking for same....
        Well, its pretty easy. Just ask any infosys,codni,wipro,techm guy for internal ad posts...most of my frnds live in 9-12K in these areas.

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        • Re : Nandan Prospera?? Should I go for it?

          I dont know where the dicussion is heading. Infact, this week's ET wealth exactly put my on view on RE on fore-front.

          Inflation adjusted-- it will be much better to buy RE in 2020 than now. Reasons-- too many overheads and "transactional" costs which might be a thing of the past very soon.

          THe first reduce drastically and be equal in all states will be the registration/stamp duty.

          Second, the carpet area rules

          Third, Society & conyance rules.

          Fourth, interest rates to come down drastically as India progresses.

          Etc,etc


          Also, it said, in 2020 we will have MUCH more high rise apartments in almost all cities, and people/buidlings that are now will much more like bad chawls/slums....

          All the RE people compare today is prices in 2003-2005 to 2010...what they dont is the history in last 100 years for Indian and global RE prices..the rate of return is paltry 5% for RE....

          Hence, its best to wait for RE regulator to be in place, and wait out the RE cycle --we should have a trough in 2013-2015.

          HAPPY RENTING !...

          And by the way, I think people have this view of people not being to afford 50lacs or 1 crore to buy a flat...MAN... I want to make 10 crore out of that 50 lacs or 1 crore than to pay the builder and be the "common man" and a "slave" for lifetime.

          Its not good being rich, you HAVE to be WEALTHY.

          Its very easy to earn money, very difficult to DIGEST.
          Last edited by pcpune; December 17 2010, 12:24 AM.

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          • Re : Nandan Prospera?? Should I go for it?

            Originally posted by realacres View Post
            Here you need to consider following aspects:-

            >> The A & B points mentioned by you are correct but it is applicable only if the sale of property is less than INR 50L. So, if you sell Prospera for 5 Cr, you won't get any benefits from these.


            >> This tax benefit is also applicable for ONE house. So, you you have multiple flats, you won't get any benefits, just like IT benefits.
            Need to check on this. will come back with further info if any.

            Originally posted by realacres View Post
            Here you need to consider following aspects:-

            Now, you say that there will be bottoms & rises in RE, then man, why not wait till RE cycle comes down & then pick it up from there? This is the point which we are trying to make here.
            Yah I said top and bottom however I also said RE price chart is making "higher top" and "higher bottom" pattern which is consistent strong bullish pattern.

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            • Re : Nandan Prospera?? Should I go for it?

              Originally posted by atuljadhav View Post
              As I said erlier, I have scheduled meeting with builder on Saturday and I will post as soon as I get something.

              Sorry for delayed reply, was much traveling last 2 weeks for work. I been to builder yesterday and confirmed that HDH project has been shifted to Sector 23 and builder is already started planning Prospera Phase -2.

              Cheers !!!

              Comment


              • Re : Nandan Prospera?? Should I go for it?

                Options for Prospera

                Hi Guys,
                I'm considering a flat on one of the higher floors at Nandan Prospera... I've been through most of the posts on this thread. I'm still not clear on what the options are for Nandan Prospera... Willows Phase 1 has almost nothing left & what is left is 1.5 Cr.... Supreme etc are very expensive... What are the 3 BHK options to Nandan Prospera... If you guys say Aundh then you will need to be specific cause whatever Aundh projects I've checked out are way beyond the Prospera range.

                Does anyone have any clue on the loading in Prospera? Looking for any & all advise.
                Cheers,
                Vinay

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                • Re : Nandan Prospera?? Should I go for it?

                  Originally posted by vinayc View Post
                  Hi Guys,
                  I'm considering a flat on one of the higher floors at Nandan Prospera... I've been through most of the posts on this thread. I'm still not clear on what the options are for Nandan Prospera... Willows Phase 1 has almost nothing left & what is left is 1.5 Cr.... Supreme etc are very expensive... What are the 3 BHK options to Nandan Prospera... If you guys say Aundh then you will need to be specific cause whatever Aundh projects I've checked out are way beyond the Prospera range.

                  Does anyone have any clue on the loading in Prospera? Looking for any & all advise.
                  Cheers,
                  Vinay
                  What is the current quoted rate in Nandan Prospera?

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                  • Re : Nandan Prospera?? Should I go for it?

                    Current Rates

                    5600/- & 100 Floor Rise

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                    • Re : Nandan Prospera?? Should I go for it?

                      rate is ridiculous, its not possible at all, a rumor for sure
                      Last edited by realacres; June 24 2012, 03:47 PM. Reason: removed rumored fig

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