Frequently Asked Questions


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1. What is the carpet area?

Carpet area is a technical term that refers to the digit which can be found after subtracting the actual usable area of a flat from the thickness of the wall.

2. What is the Build-up area?

Build-up Area refers to the gross area of the apartment. It is also known as Plinth Area.

1. Can a stunning landscape design elevate a project?

A picturesque landscape amplifies a real estate project and makes it different from others.

2. What is the charge for legal documentation?

The processing charge for legal documentation usually varies and one can ask about it while booking an apartment.

1. Can the NRI make an investment in real estate in India?

The Reserve Bank of India has made the NRI investment norms easier and the NRI does not need to take approval from the RBI for investment in India. Therefore, the NRI can buy property in India.

2. Which things to be followed by the NRI while buying property in India?

Five things are there to be followed by an NRI which include nature of the property, taxation, home loan, power of attorney and repatriation of funds back to a foreign country.

1. What is Possession?

Possession refers to the process when the real estate developer hands over the legal right of an apartment or built space.

2. What is a possession certificate?

A possession certificate is a document where the date of possession is mentioned and it acts as proof of the commitment of the developer.

1. How much GST does a real estate property buyer need to pay while buying flats?

A flat owner is liable to pay 18% GST for buying a residential property.

2. Who is liable to pay the GST – a buyer or a seller of a flat?

GST is a tax that needs to be paid by a consumer. While buying a new home, the buyer has to pay GST charges as a norm.

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