April 10, 2007

Is it wise to buy property in Delhi?

From Magicbricks Research Moderator - Thank you for the overwhelming response.
Our surfer, VS Bedi, wants to purchase a plot in Lajpat Nagar (Delhi). He is not sure if this is the best time to buy property.


What do you think? Should he invest in property? Or Should he wait for some more time? Will he regret his decision later?

Be his guiding light. Share your views here…

To answer any post, please click on 'comments' and type your reply in the pop-up window. Comments are published only after they are approved by MagicBricks Moderator.


Query 1 "I want to purchase a 3rd floor property in Delhi, Lajpat Nagar area. Is it wise to buy this property as on today? It has got basement, Ground Floor, First Floor, Second Floor & Third Floor.What could be the difficulties with this property?"
- VS Bedi

Query 2 "Hi,I am M Venkanna Chowdary, working as a software professional in Hyderabad. Asthe apartment prices are in their peak in Hyderabad, we (Group of 10people) decided to go for a group housing where in we purchase a open plotand register it in undivided equal shares and give it to developer for thedevelopment of the Flat.
Request you please give your expert guidance for these following queries.1. What kind of legality things we consider??2.Do we need to pay service tax or VAT for this??3.How can I avail Loan facility??
-Thanks & Rgds,
Manne V Chowdary

4 comments:

  1. i think the technicalities involved are many. So go for a venture or venturer and ask for your flats at a price by saying that you are going for group booking. The construction and all the things are not suitable for a job holder like u. Make it simple to purchase a house.

    ReplyDelete
  2. Anonymous4/6/07

    Selecting the right real estate agent to represent you in the sale of your property can be difficult.
    Beware off:
    1 Agents who overvalue the property.
    Some will suggest an inflated market price to win your business. Remember, it is the purchasers who decide how much your property is really worth. Ask for a written list of selling prices of comparable homes to support their opinion of the value.

    2 Agency agreements that extend for lengthy periods of time.
    Do not sign a selling agreement that ties you to an agent for more than 60 days.

    ReplyDelete
  3. Anonymous26/6/07

    hi all,

    this all is hype created by builders.all are speculative hikes and investor can calculate that is there actually price hike possibilities.experts must say no..

    just check that everybody saw the stock market crash but very soon there will crash in property market..
    investor even loose what they have invested..be aware from builders..
    they are trying to sale in more price..in indirapuram price is not at all be 2000 per sq ft.
    in fact no buddy should pay more than that they will come down to actuals.everybody should wait..
    don't buy property in NCR region this all is hyped due to 2010 games..actual is very low..
    dont be cheated with hypes..be prepare for down fall.
    in fact inestor should sell as in future no buddy will recieve even what they are getting now..

    ReplyDelete
  4. Looking for Property? Buy, Sell or Rent a property at buysellrentncr.com - Delhi/NCR leading online real estate portal. Find Thousands of Properties from property owners & property dealers and Builders across Delhi/NCR.

    ReplyDelete