hyderabad real estate experts - need some info

[mirchi_bajji]

kotha apartments venture ki pre launch offer vachindi.

as part of the entire process , the builder says that he will register a bit of land under our name(along with other people) - maybe for tax purposes.

is this common with builders nowadays? any liabilities?

[Hydrockers]

@Assam_Bhayya

[ChinnaBhasha]

13 minutes ago, mirchi_bajji said:

kotha apartments venture ki pre launch offer vachindi.

as part of the entire process , the builder says that he will register a bit of land under our name(along with other people) - maybe for tax purposes.

is this common with builders nowadays? any liabilities?

which area what price they are quoting bro? 

[NiranjanGaaru]

@Hydrockers @Assam_Bhayya

[machoman]

Ey area

[sunnam]

ilantide nenu okati 3 years back book sesa. 150 yds register sesadu. 3 years ayindi. address ledu. bokka the whole. 

aa money blind ga mutual funds lo petti unna ee paatiki 30% gain vochedi atleast. 😔

[Ryzen_renoir]

24 minutes ago, mirchi_bajji said:

kotha apartments venture ki pre launch offer vachindi.

as part of the entire process , the builder says that he will register a bit of land under our name(along with other people) - maybe for tax purposes.

is this common with builders nowadays? any liabilities?

Chennai lo kooda chestharu , main problem is some builders abandon the project mid construction if enough units arnt sold .

India lo courts dwara byayam jaragadhu ,banks will have priority on the property over you for any dues .

so make sure the developer has a history of  delivery in a time bound manner . 

 

[mirchi_bajji]

4 minutes ago, sunnam said:

ilantide nenu okati 3 years back book sesa. 150 yds register sesadu. 3 years ayindi. address ledu. bokka the whole. 

aa money blind ga mutual funds lo petti unna ee paatiki 30% gain vochedi atleast. 😔

builder reputation batti konali. vadi meda research cheyaleda? or was it a good builder who just defaulted?

[Ryzen_renoir]

4 minutes ago, sunnam said:

ilantide nenu okati 3 years back book sesa. 150 yds register sesadu. 3 years ayindi. address ledu. bokka the whole. 

aa money blind ga mutual funds lo petti unna ee paatiki 30% gain vochedi atleast. 😔

Where ? Name of developer ? Reason for absconding ?

[Ryzen_renoir]

Just now, mirchi_bajji said:

builder reputation batti konali. vadi meda research cheyaleda? or was it a good builder who just defaulted?

Sometimes even big builders default , they create limited liability  companies for individual projects . 

If something goes haywire , they will have no liability because they have judges in their pocket . Happened with huge developers in NCR region like DLF.

He will have thousands of crores of assets but  you won't be able to recover any money from them

[sunnam]

3 minutes ago, mirchi_bajji said:

builder reputation batti konali. vadi meda research cheyaleda? or was it a good builder who just defaulted?

builder already 6 ventures successful ga chesadu ilantive. in the early stage, i thought this will get finished in 3 to 4 years, but now due to pandemic, it is not going further. it might take 5 years more if he gets loans from bank to start building it. 

[mirchi_bajji]

6 minutes ago, sunnam said:

builder already 6 ventures successful ga chesadu ilantive. in the early stage, i thought this will get finished in 3 to 4 years, but now due to pandemic, it is not going further. it might take 5 years more if he gets loans from bank to start building it. 

enni floors bhayya? generally pedda venture aite block by block kattukuntu veltharu so as to rotate the money

[Assam_Bhayya]

special ga vendee/buyer per medha land registration cheyadam endi edo kotha vishayam annattu, apartments sale deed lo default ga undivided land share osthadhi kada, clearly mention chestharu, cheyali "undivided land share in sq yds and sq mts as well !!  lets say u r flat is 1800 sft, then undivided land share will be 200 sq yards for all the flat owners above and below each flat vertically. 

If in case neeku allot chesthunna specific flat/apartment unit kinda oche land neeku regisration chesthanu antunnadu ante adhi marketing jimmick, by default you'll get undivided land share/rights on that piece of land for your and all other flat owners above and below u r flat.

In case common area or vacant land mee peru registration chesthunu ani chepthunnadu ante its of no use, coz untill possession and before possession of flat the roads, park and common amenities area has to be registered and given away the HDMA or the corresponding local body like DTCP or panchayat or other municipality, then only you'll get possession and permission to occupy the flats.

Hm, flat ku proportionate land undivided share ani anyway sale deed lo mention chestharu cheyali, so dhani valla evariki tax benefit. asalu how is land share related to tax. .  elaa. . how!!! property medha home loan thesukunte be it villa or apartment you get tax exemption benefit, thats a different thing. . evadoo silly sulla marketing gimmick  play cheysthunnadu 😂 🤣

[Assam_Bhayya]

 

[DJBravo]

bro offer geeffer ani janalu dagara munde teskuntaru. they don't have enuf budget to start the venture

this is very common in hyd now

venture start chesthunam ani chepii ipude konte land takuva offer ani tokka ni invest chepichkuntaru when they don't have investment

manam pette money toh vadu start chestadu it takes years

don't invest