Before you decide on a property, study the pros and cons, know the legalities, documentation and everything that needs to be known. |
| What
are the extra charges that a transaction comprises of ? |
Does approval from financial institutions increase the credibility of the builder? 
Reputed institutions do not offer loan on projects with low credibility,
only property with clear titles are approved by them. |
What
are the documents required to obtain a housing loan? In the case
of a Non-Resident Indian, documents required are as follows: |
How are Carpet, Built-up, and Chargeable areas defined ? PBAP( PROMOTERS AND BUILDERS ASSOCIATION OF POONA) have laid down the guidelines and this is followed by all its members, bringing about uniformity in the areas available for sale, they are as follows :- Defining Sales Area The Historical background :- Earlier the norm was to sell on carpet areas only. Over the years the concepts of “built-up area” (wall of Flat ) and subsequently “super-built-up area” ( proportionate common areas) and the “super-super-built-up area” ( in cities like mumbai ) were introduced to the business. This was done as a justification for the better amenities being provided by Developers, but more to overcome increasing competition. |
Mode of measurement
Residential - Sales area will be carpet area + 25 %. Inversely carpet
area will be 80 % of Sales Area
Commercial - Sales area will be carpet + 33.1/3 %. Inversely carpet
area will be 75 % of sales area.
Lofts are measured 50 %. Mezzanines ( sanctioned as such) are 100
%.
Eye level Terraces are charged @ 50 % for area upto 500 sq. ft. and
@ 33.1/3 % for in excess of 500 sq. ft.
Carpet area is measured internally wall-to-wall without considering
plaster thickness and column offset |
