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  • With 3500 , basic cost comes around 3839500
    + Stamp Duty & Reg.
    + VAT
    + MSEB
    + Parking
    + One time maintenance
    + Club House

    What is total cost of this flat.
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  • This project is overhyped in Wakad . Rejected this project about 3 months ago when the rate quoted was 3500 psf . The rate that time in neighbouring projects was 2900-3000 psf . Reason was demading 500 psf extra for amenities which are dispensable , room sizes are small , project was hardly at foundation level and the train bogey layout of the entire project .
    If the builder is so good then why is he taking parking charges which are banned by SC ?

    Nandan , Kasturi , Pride purple are builders who charge 400-500 psf higher than other builders . It can be worth only if they give a high construction quality rating certificate .
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  • Originally Posted by suryawork

    Nandan , Kasturi , Pride purple are builders who charge 400-500 psf higher than other builders . It can be worth only if they give a high construction quality rating certificate .


    Take any Pride Purple project. The exterior look and layout etc will be excellent. You will get floored the moment you enter Park Street or Park Royale. But ask the residents about the problems they faced during construction time and after getting possession. There are plenty including delays, seepage, unjust terms and conditions etc. Kasturi is no different. Construction quality is not as per the price charged. Look of the project is definitely premium, but finally its the inside of your flat which is more important rather than how the building looks from outside. Maintenance is high too because of the unnecessary amenities being added.

    But there are positives to this too. Such projects attract more resale value. Due to the high price tag you are somewhat assured of a higher income segment of residents.

    But its like an oasis in the dessert. You have to drive through slums and potholed roads to reach these projects
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  • Ok, so can anyone tell now hows the progress of this project and if its worth buying at this price at 4100 psf?
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  • Hi,

    I am buying a flat from the person who had the land which is used for this project. Apprantly he got 60 flats rather than the land money from builder.
    So technically I am the second owner but the Flat is just finished.
    I suppose the project is soon going to get the conpletion certificate. For me the Service Tax is exempted but I am not sure about VAT. Do I need to pay VAT even if I buy the Flat after completion certificate?

    Any pointers is appreciated.

    Cheers
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  • Originally Posted by gravity
    Hi,

    I am buying a flat from the person who had the land which is used for this project. Apprantly he got 60 flats rather than the land money from builder.
    So technically I am the second owner but the Flat is just finished.
    I suppose the project is soon going to get the conpletion certificate. For me the Service Tax is exempted but I am not sure about VAT. Do I need to pay VAT even if I buy the Flat after completion certificate?

    Any pointers is appreciated.

    Cheers


    No VAT applicable after completion certificate is issued*

    * if the first owner has not paid VAT and in the agreement with second owner, passes the liability to the second owner, the second owner becomes liable to pay VAT. However the sales tax dept will anyway not ask the second buyer to pay VAT, it is the builder who will harass the second owner to recover it. So make sure there is a clear clause which says that no future taxes will be borne by the second owner.
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  • Hello Gravity,

    If you don't mind could you please let me know what are the current rates for this project or may be apprx how much it is coming too

    Thanks
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  • I guess 73 to 75L approax for 2BHK
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  • Originally Posted by gravity
    Hi,

    I am buying a flat from the person who had the land which is used for this project. Apprantly he got 60 flats rather than the land money from builder.
    So technically I am the second owner but the Flat is just finished.
    I suppose the project is soon going to get the conpletion certificate. For me the Service Tax is exempted but I am not sure about VAT. Do I need to pay VAT even if I buy the Flat after completion certificate?

    Any pointers is appreciated.

    Cheers

    If I am right, the land owner who gets flats in lieu of land is exempt from paying VAT. In this case, you need to see on whom the VAT liability is upon.
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  • I am looking to buy a resale flat in Inspera, whats is the current rate or package price worth this project?

    I heard that there is lot of water problem in inspera & daily water tankers are required & that is worrying as this will add to maintenance cost!

    Also there are local vendors who threat people living here, so is it safe?
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  • I saw a flat for sale recently in Inspera. We liked everything about the project and the flat except entry which is not on the road. We were ready to adjust for the entry and you can even. The main thing which stopped us to think about the flat and cancel our intention to go for this project is - There are 6 flats per floor. The flat which was for sale was on such a floor where rest all (5) flats are of land owners (seems two families). They are never going to live there so every year you'll have new neighbors. Another main concern is - such owners never pay a single penny for maintenance and you have to bear their share as well. Third thing is - considering 60 flats - society will always be dependent on most of the tenants (if you get good tenants it's good, in most of the cases they don't act like owners where in you face more maintenance towards common amenities and facilities). There'll always be entry to 'n' number of brokers everyday and which is vulnerable to security.

    Rest everything seems fine as far as quality is concern and Nandan is a good name in market.
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  • Need feedback on Nandan Inspera..

    How is the project, what is the current resale rate?

    Is it really premium project? considering the rates quoted?

    Any water issue? like tankers etc?
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  • Hi anyone knows hows the builder nanandan inspera and recently they prelaunch d luilding quoting6000 psft is it goid rate this time and how to negotiate if we want to book there possession in dec17
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