What to look for in property or flat in Baner Pune explore
• Sunshine: Sunshine around the flat or property is adding value.
• Cross ventilation :Cross ventilation keeps home environment healthy and fresh
• Carpet area: carpet area is the main part in property buying.
• Build Quality: Build quality matters safety of life
• Quality of fixtures: Quality of fixtures minimizes your maintenance of daily needs
• Amenities: Amenities adding charm and happiness in living style. You no need to wondering to find place to get relax.
Avoid mistake while buying a flat In Baner Pune explore.
• Don’t buy property before title search and legal Paper notice
• Not having idea of budget of property and loan approval
• Never be in hurry to close the deal without all aspect check of property like title verification.
• Lacking of vision of return on investment in property
• Ignoring the neighborhood and social infrastructure of property
• Paying token money for buying a home, before the loan is approved
• Not reading the purchas agreement before buying a home
• Purchase home in locality that faces problem like shortage of electricity, water supply.
• Not discussing the fixed and variable costs with the builder
• Property document check by unbiased lawyer who don’t have any connection with builder.
• Don’t buy property before title search and legal Paper notice
• Not having idea of budget of property and loan approval
• Never be in hurry to close the deal without all aspect check of property like title verification.
• Lacking of vision of return on investment in property
• Ignoring the neighborhood and social infrastructure of property
• Paying token money for buying a home, before the loan is approved
• Not reading the purchase agreement before buying a home
• Purchase home in locality that faces problem like shortage of electricity, water supply
• Not discussing the fixed and variable costs with the builder
• Property document check by unbiased lawyer who don’t have any connection with builder.
What is title search and what to check in title search In Baner Pune Explore?
• Clear Title search proves the ownership of the property
• Clear Title search proves that property not having mortgaged
• Clear Title search proves property not having encumbrance
• Clear Title search shows No dues Pending
What is legal paper notice and why it is important In Baner Pune Explore?
• We can check is there any other person have claim on the same property
• We have legal proof we gave the legal paper notice in news paper before buying the property if advocate doesn’t get any objection that means there is no any claims of other party.
How to decide budget of flat? And its example In Baner Pune Explore
Budget includes
• Loan amount 80 to 85 %
• Stamp duty
• Registration fee
• GST
• Interior furniture
• Example
Cost of flat =40 lakh
Home loan 80%=32 lakh
Self payment =8 lakh
Additional payment like registration fee stamp duty, Furniture, Interior=7 Lakh
Total cost =47 lakh
Required cash in hand 15 lakh
Apart from this keep in mind regular expenses
Why need to check social infrastructure while buying a flat In Baner Pune Explore?
• Surrounding of the flat and society is very important for harmony and peace.
• Social infrastructure adding value in resale of the property.
• School near by to the society minimize every day risk of kid as well as travelling charges.
• Hospital near by to the society make more safer in any time medical help.
• Shopping mall /market near by fulfill all your daily needs without wasting time.
• Bus stop near by to the society is important for travelling to you as well as your relatives to reach you.
• Metro station near by it is plus point in travelling perspective in any circumstances
• Not should near by Industry/Pollution making environment those can affect health
Stamp duty and registration charges for flat In Baner Pune Explore?
• Stamp duty will be 6% in corporation and 5 % in gramin and registration fee will be 1% or 30000 which is less
Why You Need A Real Estate Agent In Baner Pune Explore
• Broker know the price of neighbor so you get advantage to make a deal
• Broker know how to convince both buyer and seller to make a good deal without any hesitation.
• He know the plus minus point of property to make good investment
• Broker guide the buyers thorough the buying journey to find out best properties as per budget.
• Brokers knows the current market trend and prices that full fills the buyers expectation
• Comparing different properties available in the market value for money
• Negotiate the final price between the buyers and developers or the seller.
• Listing properties on online portal with proper description
• Real estate agent knows the latest laws and rules in real estate industry.
Why to choose propreader.com for property search In Baner Pune Explore ?It always show many option with prior check
• It shows verified property
• It gives you the option of advance filtering of property to get what you like most.
• If you subscribe propreader.com then you get all latest updates and trends about property
• propreader.com stands on the pillars of trust, transparency and expertise.
Difference between ready to move, Under construction, Pre-launch In Baner Pune Explore.
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Ready To Move
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Under Construction
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Pre-Launch
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Initial Cost
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Fixed
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Likely to change
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Very likely to change
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Final Cost
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Almost Same
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Likely to change
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Very likely to change
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Delays
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No delay
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Possible
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Highly possible
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Commitment
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No change
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May change
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Highly probability for change
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Approvals/Permissions of Authorities
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Generally All available
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Partial Permissions/approvals
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Almost no approval/Permissions of authority
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If you are going to buy or purchase flat there three types of possession 1.Ready to move 2.Under Construction 3.Pre-Launch in all cases Initial cost can be different. Final cost for all possession format may be differ from each other. Delays for passion in ready to move no way, in case of Under construction delays possible but in Pre-launch delays are highly possible. Commitment/promises from the side of builder in case of ready to move get followed. In case of under construction promises may change but in case of pre-launch project high possibility to change in promises or commitment. Approvals/permission of government authorities in case of ready to move generally all available. In case of Under construction project partial permissions/approvals are available. But in case of pre-launch project approvals/permissions of government authorities almost not available.
Charges for buying a flat. In Baner Pune Explore
• Base price-(do refer to RERA Definition when considering area)
• Preferred location charges like Floor charges, Facing charges, Parking charges etc
• Internal development charges which born by Builder
• External development charges born by government
• Advance maintenance charges for one year (period may vary)
• Charges for amenities
• Power backup charges
• Stamp duty, Registration, GST
• The deed between mortgagee and mortgagor agreed upon to contract against property which include the loan interest rate and period of loan that is called as mortgage deed.
Mortgage deed having 1 % registration fee and 5 % stamp duty against loan amount.
• Notice of intimation is called deposit of title deed of property to bank against loan. Notice of intimation having 0.3 % stamp duty and 0.5 or 15000 registration fee which is lower
Why notice of intimation is needed In Baner Pune Explore?
• It’s the proof of transaction between mortgagor and mortgagee.
Important Facts about RERA according to Buyers perspective explore /why rera is required In Baner Pune Explore
• RERA Applicable to both residential as well as commercial projects.
• As per RERA maintaining transparency is necessary
• Sales not be on the super built up area but on the carpet area
• As per RERA 70% of the amount received from the customers, the builders needs to deposit separately in the bank. This amount will be used for the construction work only.
• As per RERA Builders must give all the information to authority, under the law it is compulsory it includes date of completion of the project, delays in designation or conviction in construction the builders have to give both interest and fines.
• Possession on time- before RERA builders using the payment for another project which delays the possession of earlier projects and the customers could not get the flat or house possession on time.
• Real estate agents need RERA registration
How to calculate stamp duty and registration fee on property purchase In Baner Pune Explore
• Stamp duty and registration is depend on Market value or consideration value which is higher in among them that value is considered to pay stamp duty.
For Example: property Market Value is 40 Lakh and consideration amount is 45 lakh then you need to pay stamp duty on 45 lakh. And registration fee will be 1 % or 30000 which is lower in among them.
Brokerage charges in real estate In Baner Pune Explore
• Brokerage charges are different for sale and rent in real estate . Brokerage charges for sale it is 2 % and for rent it will be the 1 month rent amount could be brokerage charges .
How to measure valuation of the property In Baner Pune Explore?
• As per government rule every property having their market value. It is decided according to ready reckoner rate. Every year government/Authority update the market value of the property.
90 % property buyer facing problems In Baner Pune Explore
• Real estate agent or online and offline advertisement
• How to decide location of house.
• Owner are not so honest to tell the all truth about property
• How to look for clear title property that can avoid future hurdles
• How to decide budget and how to manage bank loan
• How to minimize bank loan interest rate?
Difference between Super built-up, Built-up and Carpet In Baner Pune Explore.
Carpet area: area enclosed within the walls is called actual usable area. does not include external and internal walls
Built-up Area: Built-up Area=Carpet area+ area covered by walls. i.e Built up area includes carpet area, External and internal walls and utility ducts and recesses (water sewage pipeline, AC Ducts, ventilation shafts, recesses for windows and doors)
Super built-up: is the total built-up area of your flat + share of the common amenities in your building complex.
• FSI= Built up Area/plot Area
• The builder uses to develop its area beyond the permissible floor space index (FSI) is known as TDR
Most Required document in flat(property) purchase In Baner Pune Explore?
1. Existing owner sale deed
2. Agreement to Sale (between existing owner & previous owner)
3. Share certificate
4. Commencement certificate
5. Completion certificate
6. Tax receipt
7. Light bill
8. Index2
9.Title Search Report if available.
How to verify RERA registration number in Baner Pune Explore?
• 1.Please Visit the
MahaRERA web portal and click on ‘Registration’ from the top menu
• 2. Click on ‘Registered Projects’ and you will be redirected to an new webpage. Make sure pop-ups are allowed on your browser. If popup are blocked then allow them and try again.
• 3.Fill in the project name or promoter name or RERA number. The details will appear and you can check the RERA certificate and all other details provided by the builder to the Government Authority.
Benefits of buying a home on women’s namer>
• Relaxation in stamp duty charges for women 1 % - 2 % in pune
• home loan interest rates for women also less.
What is NA order? In Baner Pune Explore
Its order or permission of collector for covert land from agricultural land to Non agriculture. Agricultural land can not be used for develop a housing society or residential flat. If the housing society or residential plot constructed on agricultural land then this residential flat or housing society treated as illegal.
What is blueprint Building and how to identify the blueprint In Baner Pune Explore?
Blueprint is architectural plan which is approved by Government authority. Its having identification number assign by Authority.
What is floor plan In Baner Pune Explore?
Floor plan is Architectural diagram shows the approval of flat and its dimensions on particular floor. Which proves that the specific flat is comes under legal plan and approvals.
Ageement to sale draft explain In Baner Pune Explore
Terms and condition for seller and buyer to complete the the property transfer. Mainly include property history, Property description, Permission number of government authority, Terms and condition follows by both seller and buyer to successfully complete the property transfer, payment schedule, Four direction of property, Sign of both seller and buyer.
Sale deed draft explain In Baner Pune Explore
It show the all the terms and conditioned was already fulfilled by both seller and buyer and now the complete property rights get transferred to seller to buyer. It having all the entry of completed payment history Four direction of property, Sign of both seller and buyer.
What is TDS and How much TDS amount to pay when property price is above 50 lakhs In Baner Pune Explore
TDS is Deduct tax at source is applicable when buyers buy property more than 50 lakhs. That time Buyers needs to deduct 1 % amount from sellers payable amount in favor of TDS .TDS is payable only if property is part of building or any other than agricultural land.
Every property Buyer Must know the formula In Baner Pune Explore?