To Guide a buyer in materializing his dream is what Realtech aspires. Our team believes in maintaining a healthy & transparent relationship with the client:
1. Why Rajarhat?
Located near the new-look NSC Bose International Airport, Rajarhat today is the very face of the new age Kolkata that is fast emerging as one of the major industrial hubs of Eastern India. Complete with a fantastic road network system that is comparable to any of the bests of the country, the place is virtually the base for the foundation of Newtown Area.
If you have any reservation about Action Area I, II or III, then it should be kept in mind that Rajarhat is already rich with super class infrastructures like hospitals, schools & colleges, markets, shopping malls & a transportation system that are the keys to development of an area. And most importantly, HIDCO has already planned innumerable roads to connect Rajarhat & Newtown.
We suggest, to have a look at the place before taking the final decision. Honestly, this is one of the most significant developing areas of the country, in line with NOIDA, or Gurgaon or any other realtors’ paradises.
2. If am buying a flat should I keep a Co-applicant or a Nominee?
Co-Applicant means that the person will be the Joint Owner of the flat & a Nominee means that after the death of the Main Applicant it will automatically get transferred to their name.
3. What is the difference between Carpet/Built up & Super Built up Area?
Carpet Area refers to the usable area from wall to wall, Built-up Area is Carpet Area including wall & Proportional share of Stair Case &Lobby, Super Built-up Area means built up area including proportionate share of Common Space, Amenities & Facilities.
4. What is the significance of Agreement? Why do I need to pay a 20% amount on Agreement?
Agreement is a legal bond between the Buyer & the Developer. It’s a cushion zone for the buyer as after the execution of the Agreement the flat gets legal allotted to them. A 20% deposit is required for the Bank Norms(a loan maximum of 80% as per Reserve Bank Rules can be approved to an applicant). If the Buyer can get a loan of 85% of Total Consideration we can make the Agreement on 15% deposit too. It totally depends on the Buyers documents & the transaction history with Bank.
5. Why is GST applicable on Property?
GST is the tax imposed by Govt. of India on services provided in India. The service provider collects the tax & pays the same to the Government. Usually the Service Tax amount is 12.36% but on Property as per Abatement Notification No: 26/2012-ST we abate 75% of the tax & imply 3.09% on the Total Consideration of the Property.
6. What is the procedure of transferring the Flat after booking?
If the Buyer wants to transfer the flat to a third Party he/she needs to prepare a Nomination Agreement with the Developer & the New Buyer.
7. After possession, who is responsible for the maintenance of the projects?
Until the formation of the Society / Association in the Project, the developer will look after the maintenance of the same. However, after a society/association has been formed, we will hand over the maintenance charges deposited with us to the President of the Association.
8. What is the Maintenance Deposit?
It’s a Reserve Fund taken by the Developer from the Buyers for any Emergency Activity or in any Crucial Time. In case it was not used in a year’s tenure it will be recurred to the next year. The developer will hand over this amount to the President of the Project Association after its formation.