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Real Estate Forum on Legal in Indore

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Indore

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Q: i want to know the perfect legal procedure for buying an appartment.

Latest Answer: Visit this link to know property buying tips: https://www.commonfloor.com/guide/beginners-guide-for-buying-an-apartment-1625.html
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Q: par pichhle 4-5 mahine se orbit mall 334 3rd floor ka office band hai hame mr. thakre ne plot dilvaya tha hame kya karna chahiye FIR or Consimer foram or wait ? Thanks in advance.
Latest Answer: Hello Prakash, I can understand your concern. I would like to suggest you to consult a reputed lawyer to know about the legal aspects of the order and what is mentioned in your property agreement. After consulting with the lawyer, you can file a case against Builder.
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Q: Hi All,

Can anyone please let me know about the flat registry rules??

My builder is quoting that he will do registry on carpet area whereas I am paying for builtup area i.e.

Builtup area = 1161 sq ft
Carpet area = 870 sq ft
Price Payable = 1161 * 2400 = 2786400

So the registry of the flat should quote what carpet area 870 sq ft or builtup area 1161 sq ft??

Latest Answer: How is the area of a flat calculated?
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Q: If I buy a property in this project and pay the whole amount lump sum then will the registry be done at that time only. Or this project is still not available for registry.
Latest Answer: Hi All, You will have to pay the stamp duty and registration charges for the sale deed and get these documented at the registrar's office.Anyone can also apply stamp duty and registration charges online through the official online portal.
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Q: Kindly let me know , in M.P. , is there any act / rule that builder can not sell Car Parking in apartment.
If yes , act / rule pertains to which Govt. deptt and act details.
Flat purchased in 2007 , parking sold by builder , legal action can be initiated now.

Latest Answer: HI Ashok, As per rule builder cannot sell car parking areas as independent unit and flats as these areas are to be extended as common areas and facilities for the existing owners.
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Q: Hello All,

I have booked a flat of Cost Rs. 9,41,000 at Indore, M.P., at Talawali chanda which is not in Indore Nagar Palika.

Now at the time of registration builder is saying me following charges:
MPEB Rs. 25000
Enrollment Rs. 3000
Meter Charge Rs. 7200

ST 12.36% on flat cost Rs. 29077
Vat Tax 5% on flat cost Rs. 44950

Stamp Duty 9% Rs. 84690

Please help me to understand weather its correct or not. I am buying property first time so dont have any idea about this.

Please help.
Latest Answer: Hi , it is good that builder have given clear idea of payment plan , some builder will split up this charge and take separate without hiding any thinks and in some case builder will charge this cost under the head maintenance charge .
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Q: Hello. I recently came across some news that said that most of the SEZ projects that have started in Indore have not taken of yet? What is the update on these projects?

Latest Answer: I dont think there will be any new SEZs or any new developments in Indore any time soon. The recent developments in the service tax in the city will also have an indirect effect on the real estate market in the city.
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Q: So, the Union Budget for the year 2015 is out, and would like to know if it will change anything in Indore
Latest Answer: Social security number for everyone has been a good idea, but the channelisation of funding for the social security schemes is absolutely silent.Also, unless and until it comes into usage, we can never be sure of the entire program.. National Pension Scheme is also a very positive scheme for the elder members of the society.
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Q: Hello. What is the update on the service tax that was applied in the Union Budget of 2015-2016? What effect will it have on the city of Indore?

Latest Answer: If the Government of India plans to impose the Swacch Bharat campain, then I think it is a bigger worry, as the service tax will become more then, and we will be ending up paying almos 16% as the tax then.
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Q: I had recently purchased Flat at Sterling Skyline Bicholi Hapsi Indore. It was a resale flat and registry had already been done. I want to know that what are the departments where i need to get the ownership details update/change.. The building comes under Village Bhicholi Hapsi Tehsil & District Indore.
Latest Answer: Hi Lokesh , you can get ownership details online by putting reference no and necessary details in Indore Development authority. i am sharing link for your easyness: http://www.idaindore.org/propertyholderinfo.aspx
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