Apartment in malleshwaram 17 th cross

[dr.harish]

I am in the process of negotiating for an apartment in 17 th cross malleshwaram.
The builder is quoting Rs 8000/sq.ft is it ok please let me know
Also what are points to be included in the joint agreement kindly enlighten me.
Thanks for reply.

[blrsiteseeker]

that seems like a good price. Usually apartment prices are higher than land prices (since it is fully constructed). In Malleswaram the land prices is around rs. 12000/sq. ft is what I heard. So if you are getting an apartment at rs. 8000/sq ft, I feel it is a good price. where on 17th cross is it (is it the one that is being Constructed at Cricket house - Chinnaswamy's old house?)

[PlotGuy]

I thought apartment price per sq ft is less than the land price because you can build many apartments in a given area. I think Rs 8000 in Malleshwaram is a reasonable price.

[blrsiteseeker]

well I have seen apartments in Jalahalli - they are listed at about 3.5 to 4 K per sq. foot, but I know land prices are not that high in that area. Similarly in other places. I agree many apartments can be built on one plot, but the price of construction + portion of the land price is what the apartments sell for and definitely that will not be less than the land price itself (if looking at per sq. foot rates).

[brainfart]

hello harish
please check if the common areas are included in the joint agreement( parking passage ways,lift place etc.) especially with parking, it can cause major headaches if not included in the agreement

[dr.harish]

Hello everyone,
I am in final stages of finalising the deal.
The developer has given me the copy of JDA . I am supposed to pay 30% of cost for booking. Please let me know what documents I should check?
Also what documents I should get other than the receipt , when I book the flat.
Is it if I pay a part in cash?
Please clarify
Do you any advocate, who can guide me in this?
Thanks for reply
Harish

[rajesh_sharanappa]

Pal,
Check and follow procedures. Consult the best advocate, chartered engineer, architect,Chartered Accountant with experience, before giving money. Check and verify all the documents and pay money later.
Rajesh