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Frequently Asked Questions

Q
What is meant by Specific Area & Super Built-Up Area in Residential Properties?
A

The Specific Area of said Premises shall mean the entire area enclosed by its periphery walls including but not limited to area under walls, columns, as well as area of loft / Mezzanine, if any, half the area of walls common with other premises adjoining the said premises, all of which form integral part of the said Premises.

Super Built up Area: This includes the built up area along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is therefore only applicable in the case of multi-dwelling units.

For further explanation ,kindly refer to the definition of super area & specific area given in Annexures of Space Buyer Agreement

Q
What is the checklist of documents required from Customer for booking the Residential unit?
A

Check-list Of Documents is as follows :

a) Booking Amount

b) Customer's Signature on all pages of the application form at places marked as "X".

c) PAN No. & Copy of PAN Card / Form 60 / Form 49 A

d) For Companies: Memorandum & Articles of Association and Board Resolution

e) For Foreign Nationals of Indian Origin: Foreign Inward Remittance from the account of the Applicant(s) / NRE/ FCNR A/c of the Applicant(s) / IPI-7/ Passport Photocopy

f) For NRI: Copy of Passport / Foreign Inward Remittance from the account of the Applicant(s) / NRE / NRO A/c of the Applicant(s).

g) PIO card

h) For Partnership Firm: Partnership Deed and authorization to purchase

Q
Can a Non-Resident Indian (NRI)/Person of Indian origin (PIO) buy Residential property in India ?
A

Yes, a Non-Resident Indian (NRI) / Person of Indian Origin (PIO) can purchase Residential property in India. In case the Applicant is an NRI or non-resident / foreign national of Indian origin / foreign nationals / foreign companies then all remittances, acquisition / transfer of the Said Space, any refund, transfer of security etc., shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or statutory enactments or amendments thereof and the rules and regulations of the Reserve Bank of India or any other applicable law and it shall be the sole responsibility of non-resident / foreign national of Indian origin / foreign nationals / foreign companies to abide by the same.

Check-list Of Documents :

a) For Foreign Nationals of Indian Origin: Foreign Inward Remittance from the account of the Applicant(s) / NRE/ FCNR A/c of the Applicant(s) / IPI-7/ Passport Photocopy

b) For NRI: Copy of Passport / Foreign Inward Remittance from the account of the Applicant(s) / NRE / NRO A/c of the Applicant(s).

Q
Are all necessary government approvals in place for the project launched?
A

All necessary government approvals are in place for the projects launched. They can be checked at the sales office.

Q
What is IBMS?
A

IBMS means the Interest Bearing Maintenance Security for the maintenance and upkeep of the Said Building to be paid as per the payment plan to the Company or the Maintenance Agency @ Rs 5382per sq. mts (Rs.500/- per sq. ft.) of the Super Area of the Said Space, carrying a simple yearly interest as per the applicable rates on fixed deposits accepted by the State Bank of India or the prime lending rate of State Bank of India of a term for one year, whichever is lower at the close of each financial year on 31st March.

Q
Is there any Escalation in Prices?
A

Prices are Escalation Free but subject to revision / withdrawal without notice at Company's sole discretion.

Q
What are the Preferred Location Charges (PLC) ?
A

The Preferred Location Charges are to be paid by the customer to the company in case the unit has a preferential location e.g. Direction (East, North East, North Facing); Facing Park/ Green; Corner Unit.

Q
I want to sell my property but haven't paid in full, can I get the keys to show the property to a prospective tenant?
A

Handover of the keys can be done after all associated formalities are completed. In the interim, the facility team can assist you to showcase the apartment at a prescheduled and mutually agreed time.

Q
What are the standard documents, required for registration of the property?
A

The documents required at the time of Registration of the Conveyance Deed are as under:

For all cases:

- 3 PP size photographs

- Allotment Letter

- Copy of the Buyer's agreement (original booking cases) / Sale agreement (transfer cases)

a. Resident of India:

- Copy of PAN Card

- Residence proof

- Aadhar Card (As applicable)

b. Partnership Firm:

- Copy of PAN Card of the Partnership Firm

- Copy of Partnership Deed

- Incase of one of the Partner signing the document on behalf of other Partners an authority letter from other Partner authorizing the said person to act on behalf of the Firm

c. Private Limited Company:

- Copy of the PAN Card of the Company

- Board resolution authorizing the signatory of the Application Form to buy property, on behalf of the Company

d. Hindu Undivided Family:

- Copy of PAN Card of HUF

e. NRI/ Foreign National of Indian Origin:

- Copy of the Individuals Passport

Disclaimer: All the timelines mentioned in this website are merely representative in nature based on rough estimates and are subject to change.