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FAQs

• What Is RERA?

  Answer : RERA (Real Estate Regulatory Authority) is a regulatory body which came into force in India on May 1 2016.This Law protect the rights of property buyers and enhance transparency in the real estate sector.

• How Rera Help Customers?

  Answer :Guidance given by Rera to developer on 100% transparency, approval, usage of customer fund, Completion date of Tower mandatory to implement or heavy Penalty has to be paid for non-Compliance.

• What is the percentage of Government Taxes to be paid on the property I Buy?

  Answer : Stamp Duty – 6 to 7%, Registration 30000 or 1% of Agreement value whichever is Low, Goods and Services Tax-5%, Local Body Tax*- 1%. Taxes varies from state to state. In Maharashtra applicability depend on Location and Stage of property

• Are there tax benefits to owning a home?

  Answer : Homeownership can offer tax benefits, such as deductions on home loan interest, property taxes, and sometimes, certain home improvements. It's advised to consult a tax professional for specific information.

• What should I consider when buying a house?

  Answer : When buying a house, consider factors like location, budget, amenities, and property condition.

• How can I prepare my home for sale?

  Answer : To prepare your home for sale, declutter, make repairs, and consider staging to enhance appeal.

• What is a home inspection, and why is it important?

  Answer : A home inspection is a thorough examination of a property's condition, including its structure, systems, and potential issues. It's crucial for buyers to identify any underlying problems before finalizing a purchase.

• What does a real estate agent do, and why should I use one?

  Answer : Real estate agents help buyers and sellers navigate the complex process of buying or selling a property. They provide market expertise, negotiate deals, handle paperwork, and offer guidance throughout the transaction.

• How home loan is calculated by RBI for indian consumer?

  Answer : Indian banks under the guidence of reserve bank of india use benchmarks like the base rate or mclr to disbursed home loan to the end consumer.

• How can I get home loan at a lower rate of interest ?

  Answer :Maintain a good credit card score by paying all your loans on or before time. avoid finance defaults and maintain fund balance in your bank accounts.

• What is the difference between a buyer's market and a seller's market?

  Answer : In a buyer's market, there are more properties for sale than buyers, giving buyers an advantage in negotiations. In a seller's market, there are more buyers than available properties, giving sellers the advantage.

• What are some tips for first-time homebuyers?

  Answer : First-time buyers should start by establishing a budget, getting pre-approved for a mortgage, researching neighborhoods, and working with a trusted real estate agent to navigate the process effectively.

• How should I sell my exisiting flat?

  Answer : As a Seller you should have all required documents, do necessary repairs or renovations & checklist of all positives in your property and Surrounding Locality

• What are positives & Challenges of Old Flats?

  Answer : It has been Observed Old flats are Spacious & Challenge may be it is not aligned with Upgraded planning like Space utilization, design, heavy Repairs, No Lifestyle Amenities so difficult to sell at market price.

• What is the aspiration of buying a New Property?

  Answer : New Property comes with host of Benefits. Better Quality, More Durability, Modern Design, High Tech Security Modern Amenities, Global Experience & Moreover environment every family Deserve.