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Do you need to Register your property? Is it compulsory?Yes, property registration is legally mandatory under the Registration Act, 1908. Registering your property establishes clear ownership rights and safeguards against disputes or fraudulent claims. Without registration, ownership cannot be legally recognized, which may create complications in future resale or transfer. We strongly advise buyers to complete property registration to secure their investment and ensure seamless transactions.
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Who is considered as the "Owner" of the Property?A property owner is an individual or entity that holds legal ownership rights over a property, as recognized by government authorities and legal documents. Ownership is determined based on the following: 1) Registered Sale Deed: ✔ The primary proof of ownership is the Sale Deed, registered under the Registration Act, 1908. ✔ The person whose name appears on the registered Sale Deed is the legal owner. 2) Property Title Documents: ✔ Ownership is established through a clear title in the land records. ✔ Encumbrance Certificate (EC) confirms that the property is free from legal claims or disputes. 3) Government Records & Tax Receipts: ✔ The property owner’s name appears in municipal tax records and utility bills (such as electricity and water). 4) Inheritance & Gift Deeds: ✔ A person can become a property owner through inheritance (legal heir) or via a registered Gift Deed. 5) Joint Ownership: ✔ If a property has multiple owners, all their names will be listed in the Sale Deed, and they share ownership rights. A legally registered owner has full rights to sell, lease, or transfer the property, subject to any legal conditions or mortgage obligations.
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Can I pay Property tax Online?Yes, property tax can be paid online in most cities and states in India through municipal corporation portals. The government has streamlined the process to ensure ease, transparency, and timely tax payments. 1) How to Pay Property Tax Online? ✔ Step 1: Visit the official municipal corporation website of your city (e.g., Mumbai – MCGM Property Tax Portal or Delhi – MCD Property Tax). ✔ Step 2: Select the option for property tax payment. ✔ Step 3: Enter your Property ID or Assessment Number (available on previous tax receipts). ✔ Step 4: Verify property details and calculate tax payable. ✔ Step 5: Make an online payment using net banking, UPI, debit/credit cards, or digital wallets. ✔ Step 6: Download the payment receipt for future reference. 2) Is Online Property Tax Payment Safe? ✔ Yes, municipal websites are secured by government encryption protocols, ensuring a safe and hassle-free transaction. 3) What Happens If I Don’t Pay Property Tax? ✔ Delayed payments may attract penalties or interest. ✔ Some municipalities may seize the property for non-payment of taxes over an extended period. 4) Benefits of Paying Property Tax Online: ✔ Convenient – No need to visit government offices. ✔ 24/7 Availability – Pay anytime from anywhere. ✔ Instant Receipts – Proof of payment is generated immediately. 5) Where Can I Pay Property Tax Online? Below are links to some major municipal corporation portals for online property tax payment: Mumbai (BMC): https://ptaxportal.mcgm.gov.in/ Delhi (MCD): https://mcdonline.nic.in/ Bangalore (BBMP): https://bbmptax.karnataka.gov.in/ Chennai (GCC): https://chennaicorporation.gov.in/ Pune (PMC): https://propertytax.punecorporation.org/
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Who is entitled to pay Property Tax ?The legal owner of a property is responsible for paying property tax as per the regulations set by the local municipal authority. Property tax is levied on all residential, commercial, and industrial properties and is used for public infrastructure and civic amenities. 1) Property Owner's Responsibility: ✔ The registered owner of the property is obligated to pay property tax. ✔ Even if the property is vacant or not in use, the owner must still pay the tax. ✔ If the property is rented out, the landlord (owner) remains responsible for tax payment, unless otherwise agreed upon in the lease. 2) Joint Ownership: ✔ In the case of joint ownership, all co-owners share the tax liability. ✔ The municipal authority typically records the name of one primary owner for tax collection. 3) Transfer of Property: ✔ If a property is sold, the new owner becomes liable for tax payments from the date of property transfer. ✔ The buyer should verify if past dues are cleared before purchasing the property. 4) Penalties for Non-Payment: ✔ Failure to pay property tax on time may result in penalties, fines, or legal action. ✔ Some municipal corporations offer discounts for early payments or charge interest on late payments.
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I Am a Foreigner. Can I Register Property in India? Do I Get Any Rebate? Can I Register My Indian Property From My Country?Foreign nationals are subject to certain regulations under India’s Foreign Exchange Management Act (FEMA) regarding property purchases. Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can buy residential or commercial property in India but must comply with RBI guidelines. Currently, registration of property must be conducted in India, as it requires physical presence or a legally authorized representative with a registered Power of Attorney. While tax rebates are available for NRIs under specific conditions, there is no exclusive rebate for foreign buyers. We recommend consulting a legal expert for clarity on eligibility and benefits.
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Where to pay property tax ?Property tax can be paid online through the municipal corporation’s portal or at designated government offices. We ensure our properties comply with municipal tax regulations, and buyers are guided on tax obligations during the property handover process.
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What is property taxProperty tax is a mandatory levy imposed by the local municipal authority on property owners. It is calculated based on the property’s valuation, size, location, and usage (residential, commercial, or industrial). Property taxes contribute to infrastructure development, civic amenities, and public services in the region. As a responsible property owner, timely payment of property tax ensures compliance with municipal regulations and avoids legal penalties.
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Can you register property online?May be
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May I Apply for the loan?Yes, both residents and eligible NRIs can apply for a home loan to finance property purchases in India. Banks and financial institutions offer home loans based on income eligibility, credit history, and property valuation. Loan terms, interest rates, and tenure vary among lenders. Buyers are encouraged to consult reputed banks or financial advisors to choose the best financing option.
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What are the fees for Property RegistrationProperty registration fees typically include stamp duty, registration charges, and legal documentation costs. The applicable fees vary by state and depend on the property’s value. Usually, the buyer bears these costs, unless otherwise agreed in the sale agreement. To ensure a smooth registration process, consulting a legal expert or our developer’s team can provide accurate cost estimates based on local regulations.
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What are the charges related to loan disbursement?YES
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Is your property RERA Registered?Yes, Please check the link below https://maharerait.maharashtra.gov.in/project/view/32249 our project is fully RERA-compliant, ensuring transparency, timely delivery, and adherence to legal norms. Our RERA registration number is [P52900029515], which you can verify on the official RERA portal. Being RERA-certified means that we: Adhere to government-approved project timelines. Maintain full disclosure of legal and financial details. Protect homebuyers' rights with standardized agreements. We take pride in meeting all regulatory requirements, providing buyers with a safe and secure real estate investment.
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Am I eligible for Home Loan ?A home loan is available to salaried professionals, self-employed individuals, and businesses, subject to eligibility criteria set by banks and financial institutions. 1) General Home Loan Eligibility Criteria: ✔ Age: 21 to 65 years ✔ Income Stability: Regular income proof required (salary slips, ITR for self-employed) ✔ Credit Score: Above 750 preferred for better loan terms ✔ Employment Status: Minimum 2 years of work experience for salaried and 3 years of business continuity for self-employed ✔ Property Eligibility: The property should be legally approved and RERA-registered 2) Loan Amount & Interest Rate Depend on: ✔ Applicant’s income & repayment capacity ✔ Property value & location ✔ Credit history & existing liabilities 3) Special Schemes for First-Time Buyers: ✔ Under PMAY (Pradhan Mantri Awas Yojana), first-time home buyers may get subsidies on interest rates. Our projects are RERA-certified, making them eligible for home loans from major banks and financial institutions.
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When & how my EMI startsYour Equated Monthly Installment (EMI) starts based on your loan disbursement stage: For Under-Construction Properties: Banks may offer pre-EMI, where you pay only the interest portion until possession. Full EMI (principal + interest) starts after the final loan disbursement. For Ready-to-Move-in Homes: EMI begins as soon as the loan is fully disbursed. Banks typically provide EMI schedules and repayment structures during the loan approval process. We recommend discussing flexible repayment options, interest rates (fixed vs. floating), and tenure with your lender before finalizing the loan.
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Where do I find all documents related to Govt Clearance and approval?As a responsible developer, we ensure full transparency regarding government approvals, environmental clearances, occupancy certificates, and RERA registration details. You can access these documents: On Our Website: We provide relevant details about project approvals, RERA registration, and legal documentation. At Our Sales Office: Physical copies of essential government clearances can be reviewed at our office. On the RERA Website: You can verify our project’s certification and compliance by searching the project registration number on your state’s official RERA portal. For further assistance, our team is available to guide you through the documentation process.
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Has the Project Received All Necessary Government Approvals?Absolutely. We have obtained all mandatory clearances and approvals from the concerned authorities, including: ✔ Building Plan Approval ✔ Environmental Clearance ✔ Occupancy Certificate (OC) / Completion Certificate (CC) ✔ Municipal & Fire Department Approvals We encourage buyers to review these documents, which are available at our sales office and website. Ensuring full compliance with government norms is our top priority.
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How Transparent Is the Payment Process?We ensure 100% transparency in financial transactions by: ✔ Providing a detailed cost breakdown (property price, taxes, registration fees, etc.). ✔ Issuing all payments via legally recognized banking channels. ✔ Offering construction-linked payment plans to safeguard buyer interests. ✔ Ensuring that all agreements and invoices comply with RERA and government norms. Buyers can trust us for a fair and legally sound financial transaction.
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How Do You Ensure Timely Project Completion?We follow a strict project management framework, ensuring timely completion through: Adherence to RERA-mandated timelines. Advanced construction techniques and technology. Strategic planning for material procurement & workforce efficiency. Regular progress updates shared with buyers. Our on-time delivery track record reflects our commitment to responsible real estate development.
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What are the import important factors one must consider while buying home?Buying a home is a significant investment, and careful evaluation of various factors ensures a secure, legally compliant, and value-driven purchase. Here are the key aspects to consider: 1) Location & Connectivity ✔ Proximity to schools, hospitals, workplaces, and markets ✔ Availability of public transport, metro, and major roads ✔ Future development potential and infrastructure projects 2) RERA Compliance & Legal Verification ✔ Ensure the project is RERA-registered (Check RERA Registration Here) ✔ Verify the Sale Deed, Title Deed, Encumbrance Certificate, and approvals from local authorities ✔ Cross-check developer credibility and track record 3) Budget & Financing Options ✔ Calculate total cost (property price, stamp duty, registration fees, maintenance, etc.) ✔ Explore home loan eligibility, interest rates, and repayment terms ✔ Consider hidden charges like GST, parking fees, or legal expenses 4) Carpet Area, Built-Up Area & Super Built-Up Area ✔ Carpet Area – Usable area inside the home (important for space planning) ✔ Built-Up Area – Includes walls and balconies (10-15% more than carpet area) ✔ Super Built-Up Area – Includes common spaces like lifts and corridors (used for pricing in some cases) 5) Builder Reputation & Project Quality ✔ Research past projects, customer reviews, and timely delivery history ✔ Visit the site to check construction quality, amenities, and safety features 6) Amenities & Maintenance Costs ✔ Check for security, parking, clubhouse, gym, children’s play area, etc. ✔ Understand the monthly maintenance fees and policies 7) Resale Value & Rental Yield ✔ Analyze market trends and expected appreciation in property value ✔ If buying as an investment, evaluate rental demand and expected returns 8) Home Loan & Tax Benefits ✔ Check if the project is eligible for a home loan from reputed banks ✔ Understand tax benefits under Section 80C & Section 24(b) for home loans
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What is Carpet area / built up / Super built up calculated?1) Carpet Area ✔ Definition: The net usable floor area inside the apartment, excluding the thickness of walls, balconies, and common areas. ✔ Formula: Carpet Area = Total area inside the apartment (excluding walls, balconies, terraces, common spaces). ✔ Importance: It gives buyers a clear understanding of the actual livable space inside their home. 2) Built-up Area ✔ Definition: Carpet area + thickness of internal and external walls + balconies. ✔ Formula: Built-up Area = Carpet Area + Wall Thickness + Balcony Area ✔ Typically, Built-up Area is 10-15% more than Carpet Area. 3) Super Built-up Area ✔ Definition: Built-up Area + Proportionate share of common areas (lobbies, staircases, lifts, clubhouse, etc.). ✔ Formula: Super Built-up Area = Built-up Area + Common Area Share ✔ Used for Pricing: In many projects, prices are quoted based on Super Built-up Area, making it crucial for buyers to understand how much usable space they get. As a RERA-registered developer, we ensure that all area calculations are clearly mentioned in agreements so buyers can make informed decisions.
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How is the Area of the house Calculated?The area of a house is calculated based on different measurement standards, which include Carpet Area, Built-up Area, and Super Built-up Area. These measurements help buyers understand the actual usable space in the property. Carpet Area: The actual usable area within the walls of the house. Built-up Area: Carpet area + walls + balconies. Super Built-up Area: Built-up area + common spaces (lobbies, corridors, lifts, clubhouses, etc.). The area calculation method varies based on the property type (apartment, villa, or independent house). We ensure 100% transparency in area specifications as per RERA norms so that buyers get an accurate assessment of the space they are investing in.
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