FAQ's

What is the purchaser's responsibility in the Home Loan process/ disbursement?
The purchaser is responsible for selecting a lender, submitting required documents, and completing all formalities for loan approval and disbursement in coordination with the bank and developer.
Yes, our projects are approved by several leading banks and financial institutions. Based on your eligibility, home loans can be easily availed. Our team is also available to assist you throughout the loan process by connecting you with the right financial partners.
Who maintains the property and what are the charges?
The property is maintained by our team until the association is formed. This includes upkeep of common areas, security, and essential services. A standard maintenance charge applies during this period, and full responsibility is handed over to the association once it is established.
What if there is a delay in the construction of the project and possession?
We are committed to delivering the project on time as per the agreement. In the unlikely event of a delay, we ensure transparent communication and act in accordance with the terms of the agreement and relevant RERA guidelines.
Is the title of the property clear?
Yes, the property has a clear title, with all legal due diligence completed and is marketable.
Yes, bookings can be made before RERA approval.
Yes, minor interior modifications, such as changes to inner walls, are allowed. However, no alterations can be made to the building’s elevation.
Yes, our projects are pet-friendly, and pets are welcome within the community. However, certain guidelines for pet care and management will apply to ensure a harmonious living environment for all residents.
How do you measure carpet area?
Carpet area is determined by measuring the internal dimensions of a unit, excluding the thickness of the walls. It does not account for common areas such as lobbies, external amenities, or staircases. This gives an accurate measure of the actual living space available for residents, helping to assess the property’s true value.
Under RERA (Real Estate Regulatory Authority), carpet area refers to the net usable floor space within the walls of an apartment, excluding the area occupied by the walls themselves. It includes spaces like the kitchen and bathrooms but does not include common areas like lobbies and hallways. RERA standardizes carpet area measurement to ensure transparency and fairness for homebuyers, offering a consistent approach to representing usable space.
Built-up area includes the carpet area, which is the usable living space, along with the areas covered by walls, balconies, and other common spaces. This measurement provides a complete view of the constructed area, helping potential buyers understand the total scale of the property.
  • Carpet Area: The actual usable living space within the walls of a property, excluding wall thickness.
  • Super Built-up Area: The total constructed area, including carpet area as well as common areas like lobbies, staircases, and balconies.
  • Built-up Area: Includes the carpet area along with the thickness of outer walls, and sometimes balconies, representing the total area covered by the structure.
Gross area refers to the total building space, while net area focuses on the usable, occupiable space, excluding non-functional areas. Both measurements provide different perspectives on the space’s overall and practical utility.
Gross Building Area (GBA) is the total area of a building, including all floors, structural components like walls and staircases, and any common interior spaces such as hallways. It is measured from the outer walls of the building.
Carpet area represents the actual usable living space within the walls of a property, excluding common areas and wall thickness. Saleable area, however, includes carpet area along with shared spaces like lobbies, balconies, and the outer wall thickness. Saleable area provides a broader view, showing the total space that can be sold to a buyer, while the carpet area focuses on the practical living space. Understanding both helps buyers assess both functional space and the total value of a property.
Does a home loan include GST and registration amount?
A home loan generally covers the property’s agreement value, but additional costs like GST and registration fees are usually not included. These charges are typically paid separately by the buyer. It’s important to carefully review the home loan agreement to understand which costs are covered by the loan and which ones need to be paid independently, as local regulations may impact these details.
A sale agreement is essential for property registration, as it serves as the legal contract between the buyer and seller. It includes details such as the property description, sale price, and payment terms, and is necessary for transferring ownership. This agreement is usually registered with the local sub-registrar office and is a requirement in many jurisdictions for legal validity.
To transfer an agreement, the terms of the Sale Agreement must first be fulfilled, and the new party must comply with the agreement’s conditions. A transfer fee and GST (if applicable) must be paid. If a loan is involved, the buyer must submit all documents issued by the builder to the bank, along with a No Objection Certificate (NOC). The transfer will only proceed once all dues and delayed payments are cleared.
In India, a PAN card is usually required for property registration, as it helps in the verification process and ensures compliance with tax regulations. Authorities often ask for PAN details to validate the transaction. It’s a good idea to check current requirements with local authorities or legal professionals to ensure smooth registration.
Home loans in India typically cover the principal amount for property purchase but don’t include stamp duty or registration charges. These fees are separate costs imposed by state governments and must be paid directly by the buyer. It’s essential to check your home loan agreement to confirm what costs are included and plan for those additional expenses accordingly.
In India, registration charges typically range from 5% to 8% of the property’s value, depending on the city, state, and occasionally the applicant’s category or gender.
Property registration can only be done once the development is complete, and the full sale consideration, including additional charges, is paid. Registration will be handled by an advocate appointed by the builder.
During the booking phase, the buyer needs to complete an application form and submit necessary KYC documents. After this, the buyer must execute a Sale Agreement and, once development is complete, a Sale Deed.
Stamp duty is a state-imposed tax on property transactions, payable under Section 3 of the Indian Stamp Act, 1899. The amount is based on the property’s value at the time of registration.
Adding a co-applicant’s name to the registration form is usually allowed, especially in cases of joint ownership or when spouses are involved. It’s advisable to consult a legal expert to ensure compliance with local regulations.
Franking refers to the process of stamping a sale agreement, which incurs a charge of 0.5% of the sale value.
The stamp duty value is the government-assessed value used to calculate stamp duty and registration fees during property transactions. This value is based on factors like location and property features and affects the buyer’s overall payment for legalizing the transaction.
Typically, stamp duty is non-refundable, as it is a government tax required for legal recognition of property transfers. Refunds may be considered in exceptional cases, such as errors in the stamp duty calculation or if the transaction is canceled for legal reasons. It’s recommended to consult legal professionals or government authorities for guidance on potential refunds, as rules vary across regions.
How are instalments to be paid – is it time-bound?
Yes, instalments are typically structured according to a time-linked payment plan, where payments are due at specific stages of the project or within set timeframes.
A formal allotment letter is generally issued after the buyer pays the 10% booking amount and submits post-dated cheques for the remaining balance.