Super Built-up Area is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc.

Built up Area is the actual used area of an apartment, it comprises of carpet area plus the thickness of outer walls and the balcony.

Agreement for sale contains the terms and conditions of sale of a property agreed upon by the parties, and bind them. An agreement to sell is the document basis which a conveyance deed is drafted.

Total Consideration / Price means the total amount payable for the said unit by the Purchaser to the Seller, which includes, Total price of the Apartment, Electricity charges, Club Membership, Security Deposit and Maintenance Charge. This charges will be excluding of Legal Fees.

Facility Management Company means the person(s)/agency/body/appointed by the Developer or the Association as the case may be, who shall carry out the maintenance and upkeep of the said Building and who shall be responsible for providing the maintenance services within the said building or buildings forming part of the project.

A certain percentage of total Consideration amount as mentioned in the sale agreement shall be treated by the seller as Booking Amount, which shall be liable to be forfeited by the seller in the event of breach of any of the terms and conditions herein contained by the Purchasers.

Common parts & portions shall mean the common parts, portions, Facilities and amenities in the said New Building, which will be available for use and enjoyment of all the Flat Owners and/or Occupiers.

The expression ‘force majeure’ shall mean a case of war, flood, drought, fire, cyclone, pandemic, epidemic, earthquake or any other calamity caused by nature affecting the regular development of the real estate project.

Sinking Fund is a fund created for upgradation of services from time to time and in connection therewith various costs which are to be incurred including capital costs which may have to be incurred for the purpose of repairs and/or replacement of the various equipments and/or installations

Maintenance charge shall include the proportionate share of charges/expenses in maintaining all the facilities and amenities comprising the general common elements irrespective of use/availability.

Charges incurred for building the Club facilities i.e. A/c community Hall, Reading Room, swimming pool, A/c Gymnasium, Indoor games area etc.

As per Section 194IA of the Income Tax Act, any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration equal to 50 lakh or more for transfer of any immovable property (other than agricultural land), shall at the time of credit of such sum to the account of the transferor or at the time of payment whichever is earlier, deduct an amount equal to one per cent of such sum as income tax thereon.

Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN). The Buyer is required to quote his or her PAN and sellers PAN.

According to rules in respect of tax deducted at source, buyer of the property would have to deduct the TDS and deposit the same in Government treasury.

The due date of payment of TDS on transfer of immovable property is thirty days from the end of the month in which the deduction is made.

PAN of the seller is mandatory. The same may be acquired from the Seller before effecting the transaction.

The online form available on the TIN website for furnishing information regarding TDS on property is termed as Form 26QB.

Form 16B is the TDS certificate to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account.

A occupancy certificate (OC) is document that a builder obtains from the municipal authorities after the completion of a building. The OC attests to the fact that the new building is constructed and completed in accordance with all the safety norms and regulations.

When basic amenities like electricity, water, common fascility etc. are functional and sizeable number of customers starts staying in the project then maintenance is started and this will be intimated to all the customers.

The possession letter is issued by the developer in favour of the buyer stating the date of possession of the property.

In the event that the Purchasers fails to take over possession of the Unit by making required payments as stipulated in the agreement/offer letter within a period, the Developer shall be entitled to levy upon the Purchasers, holding charges as defined in the Sale Agreement. If required this will be intimated to purchaser by mail or letter.

The norms, rules and regulations which has to be adhered by the all the buyers for maintenance of the common areas including the club, if any in the project.

The rules and regulations which shall state the manner in which the interior work or the fit-out work in various units is to be conducted.

Deed of conveyance / Sale deed is a document that a seller issues to the buyer, thereby transferring the ownership of the property. The execution of the document takes places after construction is complete, completion certificate is received and all the different terms and conditions present in the sale agreements are fulfilled.

Registration will be done after completion of the project and on payment of the entire sale consideration, GST, Electricity charges, Club Membership, Security Deposit, Maintenance Charge and Legal Fees etc.
NOC for registration will be applied with due signature from the Seller & Buyer. After applying the NOC copy is received from the concern department within a certain period.After receiving the NOC copy, the buyer will get detailed intimation from the seller regarding the Stamp Duty and the registration fees.The Sale Deed can be executed after receiving the E stamp paper from the concern department (Payment of Stamp duty to make beforehand by the buyer). NOC copy remains valid for a period of 6 months.
Registration fees and necessary document, is to be carried on the day of registration as and when intimated by the seller. Registration process will be facilitated, through a legal consultant appointed by the seller.If a buyer avails Home Loan the Original Sale Deed copy will be submitted to the respective bank after execution.

Market value means the fair price declared by government at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.

Yes, we can convert the rate to carpet area as well. Most of our buyers find it convenient to understand the rate in SBU area to draw comparison with other projects. For the purpose of documentation, we would mention the total consideration along with the carpet area and the super built up area based on the choice of your flat.

The Applicant/Intending Allottee cannot transfer the registration, application or allotment in favour of a third party during the lock-in period as notified for the project in the application form. Thereafter if the buyer wishes to transfer the apartment before taking the possession, he/she may do so unless approved by the Company, who may at its sole discretion permit the same on payment of transfer/nomination charges as notified in the application.

Yes, this request can be accommodated subject to availability and it is completely at the discretion of the developer. Such changes are subject to prevalent rates and any differential in pricing being payable as the case may be. Customers availing home finance need to consult such arrangements with their banker post approval from the developer.

If at any point of time you decide to cancel your application after agreement, then the seller shall be entitled to forfeit the booking amount and refund the balance amount as per the timeline mentioned in the sale agreement. If any interest towards payment delay has accrued then the same would be deducted while arriving at the refund amount.

Yes, you can execute Special Power Of Attorney to get your property registered by someone else.

You will have to enter into an Agreement for sale and upon the completion of project construction & offer of possession and subsequent clearance of dues we will do the registration and enter into deed of conveyance.

Property can be bought and owned jointly by more than one person. There are some legal and financial implications in such a case that needs to be taken care of so as to avoid disputes. One of the most common reasons for owning property jointly is finance. People pool in funds to buy a property. A common example of this is purchase of property by husband and wife. By clubbing their incomes, they are also eligible for a higher loan amount. Couple having separate sources of income may pool in their resources to buy a home. Personal name can be combined with company name as well for purchase of property.

Customers are encouraged to book their selected units in the project with us directly. To proceed with your application, please share the following documents:-

• Duly filled & signed Offer Sheet by the applicant(s)
• Payment Schedule/One Pager duly signed by the applicant(s)
• Booking amount as a Cheque/RTGS, favoring “The company name”
• Colour Passport size photograph of applicant(s)
• Self attested copy of the PAN card applicant(s)
• Self attested copy of any address proof namely Voter’s ID/Aadhaar card/Driving License/Passport of applicant(s)
• All payments for purchase value exceeding INR 50 Lakh should be made post deduction of 1% towards TDS and details (challan) be shared with us along with such payments for verification