We are licensed to do residential and commercial construction. We plan to focus on commercial construction in the coming years.
Q.What are the important documents one should check before buying any property?
If you want to purchase a property, you have to look at the approved layout plan, approved building plan, ownership documents, carryout search, etc. Contact an advocate before you purchase a property so that he can advise you.
Q.Who is liable to pay Stamp Duty-the buyer or the seller?
The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary.
Q.Upon buying a flat from a builder in a building under construction, what are the permissions and papers that one should check with the builder, so as to ascertain the genuineness of the builder ?
When you are buying a flat from a builder in a building under construction, you have to check the following:
Approved plan of the building along with the number of floors.
Ensure that the floor that you are buying is approved.
Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate.
Check the building bylaws as applicable in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.
Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?
Check the reputation of the builder.
Ensure that urban land ceiling NOC (if applicable) has been obtained or not.
NOC from water and electricity authorities also have to be obtained.
NOC from lift authorities.
Q.Can I get financial aid?
Today's financial market is an excellent one for interest rates. Almost all banks provide different home loan plans. We can recommend financial institutions or you can use your own.
