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faqs

Why Estatemint?
We are experts in real estate to guide you throughout the property buying process. We are on your side and choose the best for you keeping in mind your requirements, budget and future scope of investments.
Why should I book the property online via Estatemint?
On booking the property online you make the payment of a certain amount, after which you get the full consultancy on the procedure that follows including the financial process from our experts. After the agreement your booking amount is returned to you. Also you are free to cancel the booking at any point of time and your amount will be returned back to you.
Does Estatemint charge anything from their clients?
No, it does not charge anything, our client receives free doorstep service throughout the buying process. we help you select the best suitable home for you.
What is the difference between built up area, super built up area, and carpet area?

Carpet Area: Area between the walls. Carpet area must have permanent roof (slab) over it, at normal height. Carpet area is calculated by multiplying dimension of room, i.e. length x width. Total carpet area is calculated by adding carpet areas of all rooms and passages inside the house.

Built up Area: This includes the area of the walls also

Super Built up Area/Saleable area: This includes the area that is not exclusively meant for the buyer. It includes the shared are like staircase area, elevator, clubhouse, etc.

What is difference between the lease, the leave and the licence agreement?
A lease is the contract that one party conveys a property to another for a specific period of time. A license agreement is a legally binding contract between the owner and an individual or organization to enable use of property for a fee. During this licensed time period, this individual or organization has the right to use anything found within the entire property, such as cable lines or appliances left in the dwelling.
What is the freehold property?
The property that is free from hold of any entity except the owner is Freehold property.
On Selling a flat and buying a new one bigger in size, what are the taxes on capital gains and how do I save it ?
If you purchase a new flat within two years of the date of sale of the original flat and invest the entire amount of capital gained into the new flat, you will not have to pay any capital gains tax.
Who is liable to pay Stamp Duty-the buyer or the seller?
The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary.
What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?
Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value whichever is higher.
What are the important documents and permissions that I should check with the builder for a building under construction to make sure the genuinity of the project?

You have to check the following:

1) Approved plan of the building along with the number of floors.

2) Ensure that the floor that you are buying is approved.

3) Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate.

4) Check the building by laws as applicable in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.

5) Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not?

6) Check the reputation of the builder.

7) Ensure that urban land ceiling NOC (if applicable) has been obtained or not.

8) NOC from water and electricity authorities also have to be obtained.

9) NOC from lift authorities.

What is a sales deed?
A sales deed also referred to as conveyance deed is the main document in a transaction of sale and purchase of a property. It acts as a main legal document that evidences the sale and transfer of the ownership of property in favour of buyer from the seller.
What is an agreement to sell?
An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer.