Latest Answer: Me and my nusband are currently not in India . We are facing problem to register our flat . We have loan with LICHFL which is not agreeing to release the final fund without our presence . My brother is in Bangalore , can he be GPA on our behalf . Is there any alternative ?
Q:Hi Guys,I have a property in Premier Exotica Kurla Building 3 and am now being asked to pay 3rd installment as well as register the flat. got a letter dated 1st nov. i also got a similar demand notice in oct for which ive paid the installment.They have along with their demand notice attached a letter from Bidco Engineering Division (bandra East) which mentions that construction work of specific property has been completed upto 2nd floor Slab.Should i make the payment and register the flat/document.? What documents should i be asking from them?Can there be a interest payable by them for the construction delay? (bought prior to 2011)can they levy a penalty of 21% p.a (as per their letter) on us for delaying payment of installments ?Will appreciate all the help
Latest Answer: The most important document is "Completion Certificate". On handing over the flat to you, the builder must also give a completion certificate. This is issued by Municipal authorities of the particular area which confirms that the building is in accordance with the approved plan. You would require this certificate for registration of your property and other government formalities.
Q:I am staying in an apartment in chennai. It is a newly constructed one. And here this tower is consist of 20 apartments total. We want to make owner's association. Most of the owners are giving rent here.
Latest Answer: Hi Mr Kumar,
As per my knowledge, Flat owners association can be registered under Tamil Nadu Societies Registration Act, 1975. The number of people needed to form a flat owners association is 5. Before apartment ownership act 1994, the minimum number of owners needed to form the apartment owners association was 7.
Q:Dear Sir,I have flat in mumbai and i m planning to sell it off.I would like to know what is procedure to sell property in mumbai. I mean , will there be any transfer charges to be paid to builder and also what would be registration and other charges.I would also like to know that in Mumbai selling price per sqft includes everything ( car parking. electrcitiy ,water, sweage and maintenance)Awaiting for your prompt response.RegardsRavi
Latest Answer: everything except what was asked has been answered. It would be really helpful if someone could list the steps involved. Start from when a buyer approaches and the seller agrees to sell. What are the nextp steps (assuming brokers and agents are not involved). Assume this house is in Panvel and the conveyance deed is not yet registered. Also assume home loan is involved.