Is the rate negotiable ?

The rate negotiation if any can be discussed with concerned marketing personnel. The payment schedule, the loan amount, excess payment other than the due amount and many other factors are considered for negotiations.

What is the booking  amount ?

Minimum booking  amount is Rs.1,00,000/-. please speak to the concern marketing person for other details. And the balance amount as per the schedule to be paid within 30 days.

Will I get a receipt for the booking amount ?

You will get a receipt for the booking amount in which all the details and the terms and conditions will be mentioned.

What is the difference between carpet and buildup area ?

The carpet area is the area which can be measured by adding the area from wall to wall interior including all the passages, window seals, door seals, balcony-area, terrace if any.
And the build-up area consists all areas from wall to wall exterior plus the propionate area of staircase, passage, lift and the common utilities if any.

What is the payment schedule ?

From the date of token, you are supposed to pay the due amount as per the payment schedule given at the time of booking, within 40 days.
If you are availing housing loan then you are supposed to pay margin money within 10 days & arrange loan amount in next 30 days.
( Agreement Value – Loan Amount  = Margin Money )

 The required periods are as fallows:-

• 10 days to pay the margin money.

• 8 to 10 days from the date of registration for getting (original) registered agreement back from the sub registrar’s office.

• 20 days to get the disbursement from the bank once all the necessary documentation are completed.

What other things (other than the booking amount) will you require while booking ?

You will be required to pay the booking amount and you have to submit two pass port size photographs and xerox copy of the PAN card of the person in whose name the booking is to be made.

When can we execute the agreement, and What are the formalities to be completed before & at the time of the agreement ?

Agreement can be executed once the following things are completed.

• The required stamp duty is paid.

• After the legal charges are paid.

• The agreed booking amount is paid before the agreement.

 How much is the stamp duty?

Stamp duty amount is decided as per the state G.R. ( A copy of the same is available for your perusal.)
As on date it is 1% of the agreement value, to be rounded to the nearest lakh ‘i:e’ if the agreement value is Rs.15,10,000/- stamp duty is Rs.16,000/-.

Why the stamp duty is to be paid in cash?

Have I to pay extra charges for parking ?

Can we have some internal changes / alterations in the shop, flat, bungalow ?

You can have changes/ alterations done if agreed by the site engineer. Alterations/ changes will be subject to the approval of consulting architect/structural engineer.
Any changes/ alteration in the constructions or the material are to be discussed with the construction department / the site engineer, once the agreement is executed.
It is advisable to make all the communication in writing ( and not in verbal form ) in this regard, & to take a acknowledgment copy.

Do you assist for the bank loan formalities ?

We will surely assist you in loan formalities. All the papers required from builder’s side for housing loan will be handed over to you with the agreement.
We have tie up’s with different banks. & we help you in speeding up the process.
But it must be noted that getting  housing loan sanctioned and getting the disbursement  in time, is the sole responsibility of the  purchaser.
The delay in getting the loan disbursed in the stipulated period can not be a reason for the delay in payments.

What are the consequences in the case of default in payment by the purchaser ?

The payment schedule is decided at the time of booking & is required to be followed strictly. The purchaser will have to pay interest, if  the payment is delayed unreasonably.  For details agreement copy can be referred.

Whether there will be intimation from builder about the payment (due payment) at every stage?

At every stage builder will be informing about the due payment by s.m.s., phone  call , demand letter, etc. It kindly be noted that non receipt of anything of above will not be an excuse for the delay in payment.

Can I sell the flat before completion / possession ?

Sell of flat at any stage is legally permitted.
The new purchaser will be required to get the agreement done with the help of  our panel advocate only.
Fees if any to the advocate are to be born by the new purchaser. And  transfer fee if any is required to be paid by the seller.

 When is the possession expected ?

The tentative possession date will be told to you at the time of booking. (It will be noted on the booking form.) The exact possession date or the period will be mentioned in the agreement.

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What is the arrangement of the maintenance ?

Will the society be formed or not ?

The society will be formed in the due course of time once the entire project is completed.
Some amount  on account of the society formation is to be paid  at the time of possession,  Additional if any is to be paid as and when called for.

Agreement of sale is done in case of a property under construction and sale deed is done in case of a ready to use property, where the occupancy certificate is obtained.

Stamp duty amount to be paid is 1 % of agreement value in case of agreement of sale, and It is 4% in case of sale deed. (2% for stamp paper & 2% for registration).

While paying the stamp duty for sale deed, the amount of stamp duty paid on agreement of sale is adjusted.

• We thank you for the interest shown in our projects.

• Try to eliminate all the doubts, & Try to get all the questions answered before booking.

• Feel free to call on us at any point of time. on the office no’s +91 832  2312072 / 2314647.

• We will be glad to answer / explain / assist any query/ question/  doubt.