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Hyde Park, Nisarg Group, Kharghar, Mumbai
March 15 2012 , 10:08 PM   #1
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Hyde Park, Nisarg Group, Kharghar, Mumbai

FRIENDS ,
AS I BOOKED A FLATE IN HYDE PARK IN KHAR GHAR SECTOR 35,
AND I GOT POSSASION LETTER FROM DEVELOPER, BUT I WANTED TO KNOW THAT THEY CHARGING SERVICE TAX ON TAXABLE AMOUNT 10.3%,ALSO SERVICE TAX 3% ON DEVELOPING CHARGES,AND ALSO SERVICE TAX ON CLUB MEMBER SHIP CHARGES, AND ALSO SERVICE TAX ON ADVANCE MAINTENANCE 10.3%.
PLEASE CAN ANYBODY EXPLAIN ME WHY THEY ARE CHARGING.

REGARDS
QAIYUM
March 27 2012 , 11:49 AM   #2
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current price and negotiation

We are interested in buying a flat there this week , wanted to understand what are the GOING rates..after negotiation..any input will be appreciated, are they open to negotiation? and if so, by what amount ??
Thanks!
April 25 2012 , 07:24 PM   #3
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Is this project worth? i am looking fo rinvestement in Navi Mumbai Khargar seems reasonably decent location
April 26 2012 , 01:22 PM   #4
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Quote:
Originally Posted by qaiyum
FRIENDS ,
AS I BOOKED A FLATE IN HYDE PARK IN KHAR GHAR SECTOR 35,
AND I GOT POSSASION LETTER FROM DEVELOPER, BUT I WANTED TO KNOW THAT THEY CHARGING SERVICE TAX ON TAXABLE AMOUNT 10.3%,ALSO SERVICE TAX 3% ON DEVELOPING CHARGES,AND ALSO SERVICE TAX ON CLUB MEMBER SHIP CHARGES, AND ALSO SERVICE TAX ON ADVANCE MAINTENANCE 10.3%.
PLEASE CAN ANYBODY EXPLAIN ME WHY THEY ARE CHARGING.

REGARDS
QAIYUM
are you intrested in selling ? or if you come a cross anyone wants to pls do let me know
June 17 2012 , 12:45 AM   #5
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Hey san
Are you a builder ka chamcha o belong to invester lobby dear?
June 20 2012 , 06:22 PM   #6
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dont be fool.. prices have come down ............wait and watch
July 30 2012 , 04:42 AM   #7
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real estate rates kharghar

Hi..

It will be better to discuss the topics in a much decent way than what I have observed in a few comments on this forum.

These forums and the info posted on them are the key(not the only) factors on which the modern buyer depends on, so humbly request everybody not to spoil the spirit and the good objective of this forum.

As far as the prices are concerned, it should not matter much to those who have already bought properties in kharghar, and not planning to resale it right away.

Prices in real estate are really shaky and you will actually notice that when you want to buy the brokers/developers say the prices are high and when you want to sell they will say market is not doing good.

Builders/brokers usually quote a very high estimate to the buyers so that they can further reduce and say that they are providing discounts(mere common sense which is usually missing when you are in the process of buying a house).

In Mumbai there is a huge supply of 1-2 bhk houses which will take at least a period of 30+ months to be sold(provided we dont see another recession).

IMP: A better look and some research will show that it is also the case with Kharghar, it has not enough dmand for 1-2 BHK houses and more so for 1-bhk houses(thats what a common can usually afford).The potential demand was more as its a newly developed node and is comparatively less crowded,cheap and much more peaceful for a family stay than Mumbai or for that matter Vashi(navi mumbai).

So even if the rates fall they will not fall below 4.8 to 5.2K psf in reasonably good projects.


While buying a 1 bhk for 70+lacs in Borivili/Kandivili or a 2 BHK in Mira rd/Dahisar is not within reach (and is not sensible) for a common.He can afford a 1bhk for 35lacs or a 2bhk in 48 Lacs in Navi Mumbai(Kharghar/panvel,Khandeshwar/Belapur).

There are a lot of unoccupied flats(dont read as Unsold flats) for investment and other reasons and the percentage is as high as 23-25% of the overall newly constructed properties.
Given the number of vacant flats, the rates would definitely NOT sore to 6.6-7k in next 1 year.In my honest opinion, the actual selling rates will be stable for next 1 yr(around 5.2k to 5.5k psf).

However, some developers in Kharghar are quoting way above the actual prices and the buyers should not fall to them or should look for other options.

In Kharghar there was a sudden huge hike in the rates in the beginning of 2011 cos of the overhyped airport/metro fever.Even after this huge percentage of hike the rates were still within the reach of the common* man,i.e. around 4-4.5k psf.But the developers simply cant keep multiplying the rates with the same factor until eternity.

So if you come across a property which your research/knowledge/common sense says is overhyped( for some future prospects like airport,metro), better look for other options.

Or if you are badly in need of a house/trust such hypes, you should negotiate with the builder for a longer time(4-5 visits) they will come to the realistic rates or well below their first quote.

As far as Hyde park is concerned, their rates have always been on the higher side right from the day they started the booking.

The good things about them :

1.The quality of construction is reasonably good.
2.The complex is surrounded by reputed projects.
3.The facilities are very close to what they have promised.
4.They do what they say(personal opinion) if you clarify and understand their terms and conditions, which are reasonable in terms of Mumbai real estate(again a personal opinion).

But,

1.The flats are small,if you will carefully see the layout you can very well notice that.
You need to understand this before you make a final decision.So there is nothing hidden.

2.Parking is costly(3.5 Lacs) BUT its a towered parking space,which in other projects may be even costlier.

The rates(when it comes to actually buying it) in my opinion should no be more than
5.5 k psf. I would have to defy a lot of common sense to buy a house above that rate.

I would personally love to hear that the rates would be 7K in next 5-6 months, but I know this is not realistic but just an indicative figure(which I don't believe is highly credible).
However, there is a high probability that it would be around 6K(in mid 2013--1 year from now) which is obvious as they are speeding towards completion at a fast pace.

I own a flat in Hyde park and would not prefer to give any suggestions on whether you should buy a flat there or not as the decision depends on a lot of conditions person to person.

Just do your own research and decide on it.


A 2-3 months of genuine research is an absolute mandate before you put the lacs of rupees and your faith into a property.Because when you buy a house it will affect/influence/support you for rest of your life..

Be cautious!!! Don't fall to the beautiful interior of the Builder's office

Happy house hunting.
algaeginger, xredred and khemant33 like this.
July 31 2012 , 10:20 AM   #8
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real estate rates kharghar

dera mr sujit kumar,
rightly said....its all depends upon the individual to judge the project and builder reputation. I have one question, I have not found any other completed project by hyde park builder.....could you pl throw some light on the past history of said builder or other upcoming projects by the same?.

Any idea about, when this project is going to complete?

regards
Aadi.
August 3 2012 , 12:57 AM   #9
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I am not a Real estate expert and I do not endorse/endorse against any specific project or a builder.All the information posted by me is completely based on personal opinion/experience which may not be necessarily valid for others.
Please conduct your own survey before making a decision on buying/selling/whatever a property.


Aadi ""Any idea about, when this project is going to complete? ""

The possession for the first three towers was delayed by 6 months from the promised date.
I have been there several times during the past 3 years and every time I saw that the construction is in full swing.

I do not have any idea on the economics that drives the speed of construction, as there
must be a time when almost every developer would choose to slow down.

For completion dates I am not the best person to answer, generally its always wise to add at least one year to the date that any developer promises.

For completed projects, googling "nisarg group projects" gave me 3-4 projects in Navi Mumbai, please try it out and confirm.

If you are planning to target sector 35 and the adjacent locality, there is no harm in visiting upcoming projects in this area.

The area around Central park seems to be good choice given its pleasant surrounding and standard locality, if you don't fool yourself by paying too much for these things.
October 20 2013 , 07:15 PM   #10
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Hi all,

I have created a group on google.
Please send an email to get added to that group
We can use the google group to discuss things within a closed group.
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