Pricing and Budget Calculation

The maintenance charge is the advance amount to be paid by the flat owners for a specific period defined by the developer (ranging between 1-5 years), required for the upkeep of common areas in the building/ property. This primarily includes charges towards the maintenance of facilities, operations, services, repairs, Annual Maintenance Contract (AMC), utilities, insurance, statutory requirements etc..

• GST, which is also mentioned in the price sheet during purchase, is paid along with the flat cost to the developer when demanded, and the developer then deposits the GST with the authorities.
• As applicable and mentioned in the price sheet, TDS is paid by the customer when they make payments to the developer.
• Property Tax is initially paid by the developer to the Authorities, which is then continued by Purchaser as demanded by Authorities.

• Depending on the Property's location and the Market Value, the Stamp duty and Registration Cost are pre-decided.
• The Rates for stamp duty differ from state to state, and hence the charges vary.
• The Stamp duty Rates may change from time to time as per the authorities.
• Registration cost is to be borne by the purchaser and paid to the authorities during registration.

Yes! Maintenance charges are collected in advance subject to the locality, land value and type of home the customer is hoping to purchase. They can also vary depending on the quantity and quality of services, recreational facilities and amenities offered.

Society Club Membership is part of the Home Purchase. Depending on the offer of the project, the membership charge is either charged separately or in an inclusive manner.

Conveyance deed is applicable in different states and is used during handover/transfer of land rights to society or purchase of land. A conveyance deed is a legal document signed between the transferor and a transferee of a property. The execution and registration of a conveyance deed makes the transferee the owner of the property. Informally, 'sale deed' is used interchangeably with 'conveyance deed'. (Conveyance deed is not applicable in Maharashtra).

Till possession of the Flat/Apartment, the property tax is to be paid by the Developer/Seller. After the possession, the Purchaser is responsible for paying the property tax.

Usually, car parking is part of the overall price sheet and is not charged separately. In case customers wish for additional parking post their purchase of the flat/apartment, the same will be on the basis of the terms and conditions of the project.

Society formation starts once the developer/promoter receives 50% consent from the residents of the project to form the society. All the necessary formalities are then completed. Handover formalities are done on the basis of the terms and conditions of the project.