Harish TanejaDear Safa, I have heard about Aarey Millk Colony from my friends who described it as a spooky, haunted place. The area is known for paranormal activities and petty thefts. Some part of this area is devoid of street lights. Hence, you should avoiud making an investment here.
Devendra Singh ChauhanHello Sagar, I recently had a word with the builder and he told me that Tulsiani Easy Homes located on the Sohna Road is in the construction phase, possession of which is expected by December 2019. The project is spread across 5 acres of land and features 5 towers with 15 floors and 768 units. As per your budget, you can get 1BHK as well as 2BHK new and resale units here. The new booking base price for a 1BHK is around Rs 12.7 lakh and for a 2BHK you have to pay about Rs 18.6 lakh. Besides this, you can get a 1BHK resale apartment at a cost of Rs 12.5 lakh and 2BHK will cost you around Rs 18.6 lakh. You can avail home loan from banks like Indiabulls, TATA Capital, State Bank of India, ICICI Bank, HSBC and HDFC Home Loan. Amenities available here include swimming pool, landscaped garden, multipurpose court and childrens play area, among others.
Since your sole aim is an investment and capital appreciation, I would like to tell you that Sohna is still in its developing phase hence it will take over 5 years to develop in a sound manner. For you investing here will be a wise decision which will help you to reap healthy ROI in coming years. Regarding giving your property on rent, as I mentioned before Sohna is still at the nascent stage of development so finding tenants might take some time.
Harish TanejaMr Sai, it is advisable to visit India, undertake a physical inspection of the property and gauge the current status of the project. You can also get in touch with the builder by visiting their website.
Siddhartha ShahA leave and license agreement is an instrument/agreement wherein the licensor allows the licensee to temporarily occupy and use one portion of immovable property for carrying on his business for residential purposes.
The licensor grants the leave and license to the licensee for a minimum period of 11 months and for this, the licensee shall pay to the licensor a fixed amount of license fee/rent money. This agreement has to be mandatorily registered before the sub registrar of assurances at the place of jurisdiction where the property is located.
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