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freaquently asking question

Who can invest in properties in India?

To invest in an immovable property in India, following criteria of people are applicable.

  • Indian citizens
  • Is not a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan.
  • A Person of Indian origin (PIO), who is an individual,
  • At any time held Indian passport; or
  • was himself/ herself been a citizen of India or
  • Whose father or grandfather was a citizen of India

How much loan can be approved?

Up to 85% of the total amount is approved for loans at the sole discretion of the financial institutions.

Who arranges for the maintenance of the property?

The premises will be maintained by us at a very nominal charge up to two years or till the society is formed whichever is earlier. We are also in tie up with some property management services for your assistance.

What does Private terrace in a House mean?

Houses would be provided with open to sky area with access from within the House. This is called private terrace and can be used only by the occupants of that particular House.

What is meant by approved plan?

The proposed building set in the form of a drawing has to be submitted for sanction by the appropriate authorities. Once the sanction is obtained, it is called the approved building plan.

Who is the appropriate authority for sanction?

This is a decentralized activity – the various panchayat union and municipal unions can accord sanction on behalf of the CMDA in respect of property located within their jurisdiction

In a sale of property, who has to bear the expenses of registration and stamps?

The universal rule is that the purchaser has to bear all expenses regarding registration.

In whose name are the stamps/non – judicial stamp papers required to be purchased?

The non-judicial stamp papers are required to be purchased in the name of either the purchaser or seller. Generally it is bought in the name of the purchaser since he bears the expenses of registration.

From where can we get information regarding the guide line value?

The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the guideline value of the property. This is also available on the internet.

How do we verify the genuinety of documents of the seller?

Regarding authenticity of documents, again, you have to take the help of an advocate to verify.