DheerajHi Mr Ram, the construction cost of a property in Hyderabad would be somewhere around Rs 960 per sq ft. However, you need to make a note of certain key points to determine construction cost such as:
1. The size of the area.
2. materials cost in the market and also its quality,
4. No of floors/storeys you want to build on a particular piece of land.
So, my advice for you would be to get in touch with a builder/contractor to get an estimate of average construction cost. You can also take an estimate by consulting building planners, architects or civil engineers.
ranjit ranaHi Sam, the bank has decided a monthly EMI on the basis of the property value and term period. Therefore, you will have to pay the same EMI amount on a monthly basis. I don't think you will be able to get back the reduced GST amount as money has already been handed over to the builder by the bank. If there is any part payment remaining to be disbursed by the bank, then the reduced GST percentage will be applicable and there is a possibility that your over all loan tenure will reduce and you will be able to payback your loan in a lesser time as compared to your original loan duration. I will suggest you to speak to the bank executive to have clarity on this issue.
jiwan sachdevHi Sam, with the recent slash in GST rate on under construction properties to 5% without ITC [input tax credit] from the current 12% and affordable housing to 1% from the existing 8% has created a lot of speculations in the real estate segment & buyers mind. There is a lot of confusion as to how calculation being made. Under two scenarios GST rate cut will benefit the homebuyers.
1. Firstly, homebuyers cannot avail the reduced GST benefit if there is no due amount pending to the builder in purchasing the property.
2. Secondly, 5% GST rate cut will be applicable in case if there is some payment due after April 2019.
In addition to that, there will be no change in homebuyers EMI & slashed amount will impact the home loan duration w.r.t. the amount reduced by the GST rate cut.
raghavbhatiHi Sam, there is a lot of ambiguity in the market regarding the same. As the government has introduced this rate cut to gain political mileage. They have not cleared about the calculation as such. But according to the experts, it is expected that if you have paid the full amount of GST then, the benefit of ITC [Input Tax Credit] is not going to be given by the developer. In case, you have made the part payment then, from 1st April, 2019, 5 percent is applicable without ITC benefit.
Sandeep AutkarGST is always paid in proportional part with basic amount. If you've already made payment then it cant be claimed back. Any GST invoice which your builder is going to raise after 1st April 19 will attract 5 % GST
amirah sharmaHi Sam! If you have paid full price of the apartment then you will not be eligible for the reduced GST benefit. However, if there is some pending amount which you will pay aft 1st April, 2019, then on that amount the 5% GST rate will be applicable.
Kuldeep TyagiSir, You can invest around Noida Expressway in Sector 149, 148, 147, 144 and nearby area of these sectors as currently prices are much economical here and chances of appreciation are higher in coming 3-4 years as metro will be operation by 2017.
If you have a vision of 2-3 yrs
go for Gr. Noida west also known as Noida Extension..
Here few developers are offering EMI Holiday till possession offer..
you can consider such investment for best returns
visit us at noidaextensionflats.org
Mohit Tyagiomnicron-3, site C and Zeta-1, Omega-1......these three locations gives u maximum return. .......to invest go to newly launched projects (such as vardhman in Eta-1, and ULTIMO in omnicron-3 on 130 mt expressway), underright underconstruction projects (Airwil green Avenue, ACE platinum, Ekdant FNG, SUPAER TECH CZAR, OMAXE PALM GREEN, SDS NRI RESIDENCY, Todays homes) ........for more info u can call me any time.
Amaresh SinghIt depends on the tiem for which you are willing to invest, if you are looking for around 1 year investment, you may consider running or nearing possession projects in central noida. If you looking for less than 3 year investment, you may consider soft launch or the projects just started in noida extension. But if You are looking for handsome return after 3 years, you should consider Yamuna Expressway because that area will be providing maximum return due to upcoming futuristic developments in next 3 to 5 years.
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