ARCHITECTURE

  • 1.What will be the penalty if the project is not delivered on time?

    The rate of interest payable, in case of delay in possession, will be the same as the rate of interest to be charged to the buyers, in case of delays in payment, subject to force majeure clauses.

  • 2.What is a Possession Letter?

    It is a letter or document issued by the developer to the buyer, mentioning the stated date of possession of the property.

  • 3.What is Stamp Duty?

    Stamp duty is a tax paid to the government.

  • 4.What is Registration and when does it takes place?

    Once the entire construction is completed, the developer receives the final amount of the sale consideration, including all deposits, from the buyer. Post this, the developer initiates the registration process by appointing a legal consultant.

  • 5.What is the Deed of Conveyance?

    It is a document issued by the seller to the buyer, mentioning the transfer of ownership of the property, once the completion certificate is received.

EXTRA CHARGES

  • 1.What will be the penalty if the project is not delivered on time?

    The rate of interest payable, in case of delay in possession, will be the same as the rate of interest to be charged to the buyers, in case of delays in payment, subject to force majeure clauses.

  • 2.What is a Possession Letter?

    It is a letter or document issued by the developer to the buyer, mentioning the stated date of possession of the property.

  • 3.What is Stamp Duty?

    Stamp duty is a tax paid to the government.

  • 4.What is Registration and when does it takes place?

    Once the entire construction is completed, the developer receives the final amount of the sale consideration, including all deposits, from the buyer. Post this, the developer initiates the registration process by appointing a legal consultant.

  • 5.What is the Deed of Conveyance?

    It is a document issued by the seller to the buyer, mentioning the transfer of ownership of the property, once the completion certificate is received.

GENERAL QUESTIONS

  • 1.What is a Completion Certificate?

    The document that a builder obtains from municipal authorities after the completion of the building, with all safety and norms, is known as a completion certificate (CC).

  • 2.What is Completion date?

    Completion date is the maximum time taken and mentioned in the agreement, subject to prevention on account of Force Majeure Event, for the completion of construction of the project

  • 3.What is Total Consideration?

    Total consideration means the total cost or amount payable for the said unit, excluding other payable amounts like security deposits, stamp duty, registration fees, municipality tax, along with other charges/taxes/levies.

  • 4.What is an Agreement for sale?

    The terms and conditions on which the sale of a property is agreed upon by the parties is known as the sale agreement. Based on this document, the conveyance deed is drafted.

  • 5.What is a Carpet Area?

    The actual usable area within a flat is the carpet area that excludes all the externalcommon areas.

  • 6.What is a Built Up Area?

    The area mapping the outer wall to outer wall of any flat is the built up area. This includes carpet area, balconies, flower beds, terrace, etc.

  • 7.What is a Super Built Up Area?

    The saleable area within the premises is the super built up area. Super built up area includes carpet area, balcony area, terrace area, along with all walls withing the area, occupied by a common or shared construction.

REGISTRATION

  • 1.What will be the penalty if the project is not delivered on time?

    The rate of interest payable, in case of delay in possession, will be the same as the rate of interest to be charged to the buyers, in case of delays in payment, subject to force majeure clauses.

  • 2.What is a Possession Letter?

    It is a letter or document issued by the developer to the buyer, mentioning the stated date of possession of the property

  • 3.What is Stamp Duty?

    Stamp duty is a tax paid to the government.

  • 4.What is Registration and when does it takes place?

    Once the entire construction is completed, the developer receives the final amount of the sale consideration, including all deposits, from the buyer. Post this, the developer initiates the registration process by appointing a legal consultant.

  • 5.What is the Deed of Conveyance?

    The document that a builder obtains from municipal authorities after the completion of the building, with all safety and norms, is known as a completion certificate (CC).

TAXATION

  • 1.What will be the penalty if the project is not delivered on time?

    The rate of interest payable, in case of delay in possession, will be the same as the rate of interest to be charged to the buyers, in case of delays in payment, subject to force majeure clauses.

  • 2.What is a Possession Letter?

    It is a letter or document issued by the developer to the buyer, mentioning the stated date of possession of the property.

  • 3.What is Stamp Duty?

    Stamp duty is a tax paid to the government.

  • 4.What is Registration and when does it takes place?

    Once the entire construction is completed, the developer receives the final amount of the sale consideration, including all deposits, from the buyer. Post this, the developer initiates the registration process by appointing a legal consultant.

  • 5.What is the Deed of Conveyance?

    It is a document issued by the seller to the buyer, mentioning the transfer of ownership of the property, once the completion certificate is received.

Talk to Us

hellolife@pasarigroup.com
+91 98302-43438
Scroll to Top