Aditya Garden City, Pune - FlatGradings Opinion


Project Details

Project      : Aditya Garden City
Builder      : Aditya Builders
Locality     : Warje
City            : Pune

Analysis

Builder & Project Review:
Aditya's ‘A Garden City Phase V’, in Warje claims to be a trendsetter boasting intrinsic charm of the location and a lifestyle of luxury. Adjoining Kothrud, the project hopes to get a huge community of customers hooked to its ecosystem and to start off here’s what we found out when we visited the site.

Quick Fact Check:
So what do we have here in term of amenities:

A Wi-Fi Clubhouse & Gymnasium, Swimming pool & Baby Pool, Open Air Café, Designer reception area & Lobby, an air conditional mini theatre, Yoga Hall & Meditation Hall, Table tennis, Carom board & Card / Chess, Skating Rink & Kids play area, Party Zone & Banquet Hall, Functional terrace, Party Lawn & Landscape Gardens

Delivered: Yes, Quality: No

Connectivity:
Kothrud, known Kothrud Baag in the era of the Peshwas, is the western suburb of the city of Pune, Maharashtra in India. Situated relatively near the center of an industrialized city, it has seen rapid growth in housing, making it one of the fastest developing suburbs in Asia in the 80s. Kothrud also saw Pune's first flyover, Savarkar flyover at Paud Phata, which connected Karve Road to Paud Road. Old landmarks in Kothrud include the Dashbhuja temple and the Mrityunjaya temple with the history dating back to the Peshwa times. Kothrud is where Bajirao Peshwa's second wife Mastani used to stay. Also, the location possesses the benefits of being near to various known educational institutes, recreation facilities some of these includes National Open School, City International School, MIT, Phoenix Market City Mall, Inorbit Mall to count a few.

That’s where the location advantage ends.

Located on the wrong side of the city for me, it was the most important suburb in the 80’s and has lost its prominence today in terms of development. The Wakad – Baner belt offers better investment options. As on date, you are heavily dependent for all recreational activities. It’s a project for investors, only if you have money to lock in for a period of time such a location should be considered.

Coming specifically close to the project location. There is a SRA planned next to the project. So overall it's disappointing.

Master Plan:
Floor Plan:
PMC decided to use Aditya Garden City as a "pattern" for their SRA program. We are not very impressed here a 2 BHK with a 10*12 master bed and a living space of 16*10 is small. We would have preferred more spacious homes here.

The apartment comes with water resistant doors, vitrified tiles, POP ceiling with lights, POP ceiling with decorative lights internal walls with gypsum plaster a designer nameplate, a Stainless steel sink with drain board, and a counter basin in the master bathroom to name a few amenities.

Amenities are pretty hygiene. Could the developer have done better, the answer is: Yes!


Our Opinion

Pros:
Amenities heavy on paper

Cons:
1. The flat layouts, they are cramped a little for our comfort. A 100 to 120 sqft. bedroom just doesn't do justice to a Pune apartment.
2. We have a problem with what we have been reading on the internet about the project. Following concerns have been consistently raised by residents on various forums:
These are a list of concerns raised on IREF

- The club house, swimming pool, gym, tennis court and all other facilities that were promised have been locked for the last 7 years by the builder. He has clearly said that he won't allow them to use it.
- Water supply problem
- The society also has not been handed over the legal documents even after 8 years now
- An open space that was promised to us when we bought the flats has been converted into 2 huge buildings blocking all the light and ventilation.
- As quoted by a customer-“At the time of booking told me possession will be given around Diwali 2012. They delayed flat possession by more than 1 year from promised time. At the time of booking more than 90% construction was completed which looks is their main game plan, to get maximum payment and then delay complete construction and possession by years together.The sample flat they showed me was made with good quality material but when your flat gets completed, it will have such a shoddy construction and poor quality that you would never want to live there.”

Ratings:
    Location     :     

    Layout       :     

    Amenities   :     

    Floor Plan   :     

Final verdict:
It looks like that the builder is not delivering on promises. Customers are shown a glittery imagery, but you won’t get a smooth and easy to live in experience here by the looks of it. Relying on the past track records of the developer that whoever has taken flat in any project from this builder they all have faced same problems and some even had filed legal cases against them. Investing here won’t be a smart option at a cost of the ease and comfort you look forward in this hectic life.
Aditya Garden City

Supertech Eco Village 3, Noida - FlatGradings Opinion


Project Details

Project      : Supertech Eco Village 3
Builder      : SuperTech Limited
Locality     : Noida Extension
City            : Greater Noida

Analysis

Builder & Project Review:
Just like its predecessors, Supertech Eco-Village III is yet another affordable residential complex with 2/3 BHK apartments (840sqft to 1850 sqft) in Greater Noida. Positioned as eco-friendly living, this three-sided open plot offers a combination of low and high-rise towers with 80% open landscaped area. The project comes with convenience stores, recreation features, including a bowling alley, clubhouse and sports facilities within the community.

 What intrigues us the most is the creative ROTI, KAPDA & EcoVillage. The product clearly defines its positioning with the ad and your expectations should be set as to what is on offer here.

Connectivity:

As you can see in the map Supertech Ecovillage 3 is located in sector 16 B, Greater Noida. Technically the location is good if you are looking for a long-term investment, but if you are looking at this for end use there are multiple issues.

 The IGI airport is 40 km away, Delhi Station 30 km away and the nearest metro station is 11 km away. So Delhi is some distance away at this moment.

 From Noida’s perspective, the developer is planning some retail within the vicinity and other developers like Gaur and Panchshil are in the vicinity. The location is well connected to basic amenities and facilities like a hospital (Fortis), shopping (Atta market) and schools.

 Master Plan:
Supertech Ecovillage 3 consists of residential apartments units only with certain commercial set ups (Eco bazar) to provide basic amenities to the residents. Altogether, over 2,700 units are planned in this project. A quick look at the plan and you know something is wrong. Supertech Ecovillage 3 which is spread over 11 acres is rectangular in shape. The plot is dense with multiple towers grouped in different zones. This, to be honest, looks like a Hyderabad project where a developer has tried to use maximum FSI. There are buildings everywhere on the periphery of this plot in the centre, virtually everywhere.  If you want to still buy here be very careful of the apartment you choose. On the amenities bit Supertech Ecovillage 3 comes with typical amenities like clubhouses with swimming pool, gymnasium, tennis courts and many other facilities like gardens and open spaces. 

Floor Plan:
2BHK : The 2 BHK’s come in 2 variants and there is something wrong with them at the outset if you are an end user. The bedroom sizes are small. The highlight is that the apartments come with decks attached ensuring the apartments get good ventilation and sunlight throughout the apartment. If you choose the apartment well you will get good views of the garden too.

3BHK : At the outset we would like to mention the 3 BHK apartments of size 1850 sqft. are very well laid out. The design ensures privacy and maximum utility of space. The entrance foyer leads you into the living space which has an attached deck area. The highlight of the apartment is that there are decks attached to all the rooms. The bedrooms are spacious and the master bed comes with a dresser. A separate servant’s room is the icing on the cake (though a separate entrance would have been preferred).

 The apartment is finished with vitrified flooring.

Our Opinion

Pros:
1. Amenities like clubhouses with swimming pool, gym, bowling alley, tennis courts.
2. Other facilities include playing area for kids, garden areas

Cons:
1. The room sizes of the 2 BHK’s are relatively smaller than what one would expect
2. It is around 40 km from Indira Gandhi International Airport
3. It is 30 km from New Delhi Railway Station
4. The nearest metro station is 11 km away - Noida city centre
5. The density - The number of buildings and the master plan (it's crowded)
6. Complaints on various forums for Ecovillage 2

Ratings:
    Location     :     

    Layout       :     

    Amenities   :     

    Floor Plan   :     

Final verdict:
What worries me here are the number of complaints I have read on various forums of court cases against the developer and cancellation issues. At this moment, we would like to say that these are investment homes, and there are Greater Noida has many alternate options which you would like to consider before calling this EcoVillage your home.
Analysis

Factors to focus when building your dream home ?


Building a residential place is a big undertaking and, probably, one of the most expensive investments that a person makes in their lifetime. As the amount of investment involved is huge, it is vital to tread in a deliberate and ingenious manner.

Factors to focus when building your dream home - FlatGradings.com

Karan, a money-conscious individual, had managed to accumulate enough funds while working as a software engineer in Delhi and decided to invest them in his dream home. He was aware of the process related to purchasing a land and hiring a contractor. However, little did he know that constructing a home requires following a practical and scrutinized construction plan. The things did not go as per the plan and Karan had to settle down with an inferior and below par home.

Needless to say, constructing a home requires a lot of painstaking work for turning the dream into a reality. Building a residential place is a big undertaking and, probably, one of the most expensive investments that a person makes in their lifetime. As the amount of investment involved is huge, it is vital to tread in a deliberate and ingenious manner.

How to Plan?
Constructing a dream home requires framing a well-thought-out plan that includes every aspect that affects the overall building process. The process of getting the blueprints ready involves the following facets of home construction:

• Budget
• Location
• Quality vs. Price analysis
• Construction Program (Dividing the total Sq. Ft. into smaller numbers allocated to different rooms required in the house)
• Styling and Designing Quotient
• Architect Selection
• Construction Documentation

Also Read: Checkout latest Apartment reviews

 Areas Requiring Special Attention
For erecting a beautiful dwelling, equipped with all the essential requirements and spick and span features, it is essential to shift your focus towards some special areas.

• The Monetary Budget: The task involves having a word with a professional architect and knowing the estimates of the entire home building project. Planning a budget for the new house also requires figuring out the funds you have and the amount you need in the form of a loan to accumulate the total sum required for construction.

• Location: Remodels, redecoration and reconstruction can fix any minor/major deformities, but the location cannot be changed. Therefore, you need to collect every bit of information available about the location and get the best deal for your dream house.

• Question of Style and Design: You can choose a term from among futuristic, minimalistic, fresh, simple, rustic, organic, urban, traditional, modern and classical that speaks for your budget and personal preferences.

What are the Most Critical Aspects?
Besides the special constructional aspects, there are some other critical things that you need to concentrate on when building your dream home.

• Foundation: It is the main factor that determines the stability as well as the sturdiness of the home. Only if the foundation is made using high-quality robust materials, the home will turn out to be a resilient and valuable investment.

• Spatial needs: Rooms like living room, kitchen and bedroom require more space as compared to the other rooms. Therefore, it is essential to make these rooms spacious to accommodate everything required.

• Number of people: The construction blueprints also mentions the number of people that the new house will accommodate in order to achieve accurate results. Making a list of the required rooms according to the number of family members, functions and dividing their space accordingly would be a wise move.

How estimates go up and how to be prepared?
While constructing a home, going beyond the postulated budget is a common instance. Whether it is in terms of purchasing more land, investing more in luxury items or an increase in the rates of construction material or labour, the estimates tend to go beyond the prescribed limit.

It is wise to be on the conservative side if your income is bound to increase at a slower pace as compared to the interest rates and current family expenses. Moreover, you need to explore the market, get some estimates and talk with industry professionals to gather complete knowledge about the financial aspect of construction.

How to Save Maximum Possible?
When the budget surpasses the predefined limits, there are some unpretentious suggestions that can confine you within your economical boundaries:

• Hiring a well trained, professional and reputed architect would be useful in building a home within the budget, while keeping proper material management and resource utilisation in mind.

• Simplicity is the key to saving money when constructing a new home. Hip designs and urbane styles may give warmth to the eyes, but can burn a big hole in your pocket. So, sticking to simple designs and shapes would make things easy on the pocket.

• Utilising existing furnishings, fittings and fixtures in a tasteful manner will give an elegant and classy look to the home without surpassing the budget.

Quality Checks
The materials that are required for constructing a new home should be chosen carefully. Superior quality materials are hard-wearing and provide better adeptness than the lower quality products. Purchasing high quality materials may be expensive, but it is worth the quality that you will get over the years.

Constructing your dream home is a tricky task. However, making a point to follow the instructions of the architect and property consultants would help in keeping a track of the overall construction work and exploitation of resources as per the industry standards.
Please share your experiences living in an apartment on our platform http://www.flatgradings.com/write-review-form and help others make an informed decision before moving into new apartment !

Content Source: moneycontrol
Construction

6 Factors you should keep in mind while selling your home



Selling one's home is never easy. Usually, the four walls one is putting on the market are the frame for many fond memories, and one needs to say goodbye to the neighbours and familiar sights that have often defined many years of residence. But over and above the emotional upset of selling a home, not keeping a record of the actual sale transaction can lead to problems later on.

 Maintain a file of all documents pertaining to the property sale: This will ensure that you are able to address all future queries by the buyer, the bank involved and the municipal or tax authorities. You will especially need a seamless financial record while filing your tax returns for the year of sale.
What the documents should include: The documents should include proof and receipts of payment for items that you had included in the sale price, including parking space, structural modifications or additions which enhanced the value of the property, society charges and property tax paid for that year. There should also be a clear record of home loan closure if you had bought the sold property by this route.
Capital gains tax: The sale of a property involves short term capital gains tax if it was sold before the three years have elapsed since the date of purchase. The tax authorities will factor in the profit you made on selling the property, consider it as regular income for that year and apply tax accordingly. If you sold your property after three years have elapsed since its initial purchase, you will need to pay long term capital gains tax at the rate of 20% post indexation.
There are instruments such capital gain bonds available in which the profit coming from the sale of a property can be invested: These investment instruments come with a lock-in period of at least three years, and the maximum limit for investing in them is Rs. 50 lakh. Discuss all financial movements resulting out of the sale of your property with a chartered accountant and take appropriate guidance.
If you have sold your home with the intention of buying a new home: It is very likely that you sold your home with the intention of buying a new one with the proceeds, so start your search for a new home if you have not already located one. The proceeds of the property sale will have to be verifiably shown to have gone into the purchase of a new home within three years from the date of sale.
Though three years is by no means a short period, it makes sense to fast-track your home search if you live in a city like Mumbai or Pune. Despite all 'informed' market predictions, the real estate markets in these cities have proved to be remarkably resilient and property prices are rising with every passing quarter. While you should certainly not rush into buying a new home, it is wise to make a decision within a few months of selling your old one.
Do not neglect to update your new contact details: Whether you have moved into a newly-purchased home or a rental flat, do not neglect to update your new contact details with all banks, insurance agencies, investment firms, telephone companies and other such institutions that were corresponding with you on your old address. Also, do not rely on the new owner to keep forwarding correspondence to you indefinitely.
Please share your experiences living in an apartment on our platform http://www.flatgradings.com/write-review-form and help others make an informed decision before moving into new apartment !
Content Source: firstpost
Selling checklist

10 things you must check before buying property


Girish Agarwal, 45, has been trying to sell his house since February. He had bought the property five years ago thinking real estate prices would continue to rise at a fast pace. After struggling to find a buyer, he recently reduced the asking price. Still, there are no takers.

"Brokers say the sale may take some time as the market is going through a slowdown," he says. This is not the only issue he is grappling with. He is still to get the possession letter from the builder as the project has not got environmental clearances yet. The scenario was not so bleak when Girish had bought the property in 2010. Prices then were rising at a fast clip, making real estate one of the most sought-after investments. Things would not have been so difficult if he had not taken a loan to buy this property.

He also has to pay equated monthly instalments, or EMIs, for the house where he is living at present. With a major portion of his salary going towards paying EMIs, his finances are stretched. He wants to dispose of the second house as soon as possible. There are thousands of people like Girish who, in the hope of making a quick profit, buy a property without understanding their needs. Surabhi Arora, Associate Director, Research at Colliers India, says, "Property transactions take time. Do not equate real estate with the stock market in terms of exiting."

1. APPROVAL AND LICENCES: Once you zero in on the property, check the builder's paperwork ranging from commencement certificate for work, environmental clearance and approved building plans. Also ask for the status of the land title and see if the builder has bought the land or has just development rights for it. Here is a list of documents you should check. 
(a). Title Deed: Check whether the builder has a right over the property. While buying a plot, see the title deed of the land to confirm if the builder has the full right to it. You can also take help from a lawyer to get the deed examined. Divakar Vijayasarathy, Co-founder, MeetUrPro.com, says, "A mere NOC (no-objection certificate) from the panchayat or the local body does not constitute approval by the authority." 
(b). Release Certificate: If you are buying a property in resale, remember that it may have been pledged to get a bank loan. In such a case, you will have to get a release certificate from the bank, which will prove that the loan on the land has been repaid. Check Encumbrance Certificate: It is also important to verify that the land is free from all legal dues. 
(c). Verify land use: Verify the land-use zone as per the city master plan for the plot. You can get the plan from the local body office in your respective city.
(d). Approvals by Local Body: Make sure that the entire layout has been approved by the development corporation and the local body of the city. 
(e). Property Tax Receipts: If you are buying a property in resale, ask for previous property tax receipts from the seller along with other bills. This way you can ensure there are no pending bills.
2. LIST OF BANKS FINANCING THE PROJECT: With real estate companies sitting on unsold inventory and not having enough cash to complete their projects, banks have become vary of financing them. There are many builders which do not get bank loans at all. So, once you finalise the property and confirm that all approvals are in place, find out banks which are ready to fund the project and go with the one offering you loan at the lowest rate.
3. CALCULATE THE TOTAL COST: Do not go by what the broker tells you. Many times brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate the total cost. Ask for the final cost of the property.
4. VERIFY THE BUILDER: The piece of land in question may be under litigation. Hence, it is recommended that you do an extensive verification of the builder. You could verify its past or current projects or even post queries on the various online real estate forums. Check http://www.flatgradings.com for builder reviews.
5. BUY VS RENT: Many people buy a property thinking they will use rent to pay EMIs. Experts say it is a wrong approach. Surabhi says, "Do not over-leverage in hope that rental income will pay for the EMI. The rental yield on residential properties is generally only 2-3 per cent." Moreover, the property may remain vacant for months before you can find a tenant.
6. THE RIGHT PLAN: There are various payment options available in the market such as down-payment plan, flexi-payment plan, construction-linked plan and possession-linked plan. Experts say one must choose carefully, as generally there is a cost for every convenience. For example, in subvention schemes, the price is at least 10 per cent higher than what is charged under regular schemes. Customers must also understand that any late payment or default on the part of the builder in such schemes will impact their credit history. Then, there are guaranteed rental schemes under which the developer either pays you rent for a fixed period during construction or for a certain period after possession. In the first scheme, the buyer gets regular payments from the developer during the construction of the house, which helps him offset a part of EMI or rent costs. In the latter scheme, generally for properties which are outside city limits, the developer offers rental income after possession. But the fine print is that there is no guarantee.
7. SIZE OF THE APARTMENT: Builders generally mention super built-up area in brochures. This includes common areas such as staircase, lobby, etc. The carpet area of the flat could actually be 30 per cent less than the super built-up area. For example, a two-BHK 1,000 square feet flat could actually be just 700-750 square feet. It is advisable to always go by the carpet area, the area enclosed within walls. Divakar says, " If you are looking to buy a plot for living at a later stage, it is advisable to first understand your requirement. Ensure that you check how much land (built-uparea) you will need to build your dream home. Topography and soil are the other vital factors."
8. CHECK THE INFRASTRUCTURE PLANS: Metro connectivity or any other big infrastructure development in future linked to the location of the property you intend to purchase can boost the return on investment tremendously. Also, ensure that the property is not close to any polluting industry.
9. CHECK THE Property: The layout in the brochure could be different from the reality. So, do a thorough site visit before booking the property. Interact with people in the neighbourhood as they may know about any illegal occupation or other legal disputes related to the property. Check http://www.flatgradings.com for Apartment reviews.
10. REGISTER YOUR PLOT: After selecting the property, you have to register it with the authority concerned for you to become its lawful owner. Surabhi says, "Through registration of sale deed, a person is able to acquire the rights of the property from the date of the execution of the deed."Last, but not the least, do some research about the developer's record in terms of total square feet developed, market feedback and project delays. Also, check the quality of its previous projects. Divakar says, "Be sure to search for any contingencies which may hinder the development of the property. For this, you can probably refer to or participate in various online real estate forums.

 Please share your experiences living in an apartment on our platform http://www.flatgradings.com/write-review-form and help others make an informed decision before moving into new apartment !

 Content Source: businesstoday
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