Frequently Asked Questions
Question about selling
We have been helping more than 10,000 people to find their dream homes through the effort of our dedicated team. Whether it is a commercial property or residential building we render equal services at pocket-friendly market rates.
We list a range of residential real estate properties including apartments, villas and plots through our web and mobile platform. Our listings include everything from new, resale, under construction and upcoming properties.
You would receive a call back from us within 10-15 minutes of placing your enquiry with us, provided you have posted your requirements between 9am and 10 pm. Otherwise, we would be reaching you the next day.
We have tie-ups with some of the leading banks in the country such as the HDFC Bank, the ICICI Bank, the Axis Bank, LIC India, Bank of Maharashtra, Indiabulls and PNB.
The answer depends from one application to another. Typically, for salaried professionals, it takes about 4-5 business days. In contrast, for self-employed individuals, the process may take up to 7-10 business days.
Question about renting
Depending upon the type of case it is, a rent agreement can be taken care of in two ways:
- When the rent contract is from year-to-year / exceeding one year’s rent / reserving yearly rent, then a registered document can be created, which both the landlord and tenant must execute.
- When an oral agreement followed by delivery of possession is considered to be enough.
Stamp Duty is the tax paid for the legal recognition of property. It is paid by the home buyers. You can claim tax incentives of up to Rs 1.5 lakh on stamp duty and registration charges on a new property purchase or construction of a house. However, these benefits are available for only one self-occupied property.
A real estate broker works to negotiate and arrange real estate transactions. A broker has attained a higher-level license than a real estate agent and can hire real estate agents to work as a team under their supervision.
The buyer needs to pay the following taxes:
- TDS or tax deduction at source on amount exceeding Rs 50 lakhs for the purchase of property excluding agricultural land.
- Stamp duty
- Service Tax – Applicable if the property is being purchased from the builder who conceived and constructed the project before offering possession to the buyer. If a `ready to move in’ property is purchased from the seller, service tax is not applicable.
- Value Added Tax (VAT) – If applicable in the concerned state.
The answer depends from one application to another. Typically, for salaried professionals, it takes about 4-5 business days. In contrast, for self-employed individuals, the process may take up to 7-10 business days