Buying a Plot of Land for Capital Apreciation In India


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Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 11-06-07 14:50:57

Quote:
Originally posted by jonav

Fido,

I read your query on Pitampura/Rajouri garden Rohini area. Pitampura is very expensive in 30 lacs you can buy a house floor 1350-1800 sq feet (I don't think there's any land left in there!). Now a days in colonies like pitampura/Shalimar bagh they sell floors. A house with four floors and owned by all of them (floor wise). Rohini you can still get a nice apartment in 30lac. No idea on Rajouri garden but I think the area is an old one.

Jona



Thanks a lot for your inputs . Now I am targeting Greater NOIDA for an investment of 50 lacs in land - being Mayawati s brain child this area is in for some development in coming times and land has got most appreciating value.

Otherwise I was considering Malviya Nagar / Dwarka for a flat in the range of INR 30 l. The only way is up for property .


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Fido.


jonav   
Member since: Apr 07
Posts: 458
Location:

Post ID: #PID Posted on: 11-06-07 15:37:56

Fido, Gurgaon is also good. The international airport renovations has already hiked the prices in Gurgaon and nearby areas. We are planning for a home in there.

Jona



Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 11-06-07 16:28:17

For the same reason Dwarka is on my radar as it is midway b/w Delhi & Gurgaon and well linked on the Metro. Alas there s no land there being a Govt area .


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Fido.


Bird   
Member since: May 05
Posts: 21
Location:

Post ID: #PID Posted on: 12-06-07 07:20:38

If we want to buy a property in our name, do we need to present there in India at the time of registration? or can we sign the documents from here?






desi in ottawa   
Member since: May 04
Posts: 1627
Location:

Post ID: #PID Posted on: 12-06-07 08:01:05

Quote:
Originally posted by Bird

If we want to buy a property in our name, do we need to present there in India at the time of registration? or can we sign the documents from here?




U dont have to be present there. You can give a power of attorney to someone who can do the registration for u. We have done it, without any problems.



jonav   
Member since: Apr 07
Posts: 458
Location:

Post ID: #PID Posted on: 12-06-07 08:04:11

Bird it's better to be present in there but mostly it's not possible. You can write a Power of attorney in the name of your brother/sister...anyone whom you trust and who can act/make decisions on your behalf. That’s one way I know, may be other members can share what else can be done.



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 12-06-07 10:31:42

Cd's,
This is the reply that i got from my classmate in Chennai who is a free lance Architect. He knows that i am struggling from pay cheque to pay cheque in Canada though he also knows that CDN1 = INR 36.5.
Please use your discretion while reading the mail.
TK A

TK,
u cannot buy anything in chennai as u wish
Chennai as gone some where very high.
u must invest 60 to 70 laks for an avg resale flat in Chennai. Branded new flat cost u above a crore casually.
Otherwise u have to go minimum 40 km from Chennai to own a house or a decent flat.
U cannot survive in Chennai at all. Unimaginable and unaffordable prices.
bye
Chen


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I am a Gents and not a Ladies.




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