FAQ's

• The developer's reputation.
• The developer's financial standing.
• The developer's past dealings with customers.
• The number of buildings/projects that the developer has completed in the past.
• The quality of the construction of the buildings completed by the developer.
• The competence of the technical staff employed by the developer.

• The flat purchaser should be shown the relevant documents regarding the title of the plot on which the building is going to be constructed.
• The title certificate should be from a reputed solicitor or advocate.
• The developer should have annexed a detailed description of the land in the form of a schedule in the agreement.
• All the information regarding encumbrances should be clearly outlined.
• The extract of property register card or other revenue record of the land or plot on which the flats are going to be constructed should be attached to the agreement for sale.

• The developer should have got the plans/drawings approved by the Municipal Authorities/Local Authority.
• The developer should have shown to the flat purchaser the approved plans/drawings.
• The developer should show to the flat purchaser the copy of commencement certificate (C.C.) and Intimation of Disapproval (I.O.D.).

• The serial number of the flat, floor on which it is located, name of building/wing should be distinctly indicated in the body of agreement.
• The carpet area of the flat should be distinctly indicated in the body of agreement.
• The dimensional floor plan marking the selected flat should be annexed to the agreement.
• The plan referred to above should be duly signed by the developer at the time of execution of the agreement.

• The developer should annex with the agreement a schedule of the amenities/specifications (type of construction, flooring, doors, windows, sanitary and water supply, electrical fittings etc.).

• The Agreement for Sale should describe distinctly the common areas and facilities (such as entrance hall, foyer of building, compound wall etc.) and limited common areas and facilities (landing in front of staircase etc.), percentage/interest of flat purchaser in common areas and limited common areas/facilities.

• The date by which the purchaser is to be given possession of the flat should be specified in the agreement for sale.
• There should be a provision in the agreement for refund of the amounts due by the developer along with simple interest at 9 percent per annum from the date of receipt by developer till the date of refund in the event of failure by the developer to give possession of the flat by the stipulated date or the mutually agreed extended date.

• The mode of payment and instalment schedule should be distinctly mentioned in the agreement for sale.

• The developer should mention in the agreement the amounts payable by the flat purchaser upon taking possession, like the legal charges, share money, application entrance fee levied by the housing society, charges for formation and registration of the housing society and proportionate share of taxes for the club house, corpus, infrastructure development charges etc.

• The flat purchaser should be aware of the amount of stamp duty payable by them at the time of execution of the agreement.
• The flat purchaser should be aware that the registration of agreement in respect to the flat purchased from the developer is compulsory.
• The flat purchaser should be aware of the amount of registration charges payable by them.
• The flat purchaser should be aware of the fact that the time limit for registering an agreement for sale is four months from the date of its execution.
• For more enquires please send your queries to: sales@dostirealty.com

• You must prepare your budget as per your financial means and the space you require in order to determine the area of the flat you should purchase. This can be done by cataloguing your existing funds and accordingly selling assets or taking loans from housing financial institutions if necessary.

• Cost of property (Area and Rate)
• Registration charges
• Stamp duty
• Society deposits/charges
• Legal charges
• Brokerage
• Value Added Tax (VAT)
• Service Tax
  Property rates can be referenced from various sources like real estate agents, newspapers, the internet, relatives, friends, etc. One can avail of the benefits that real estate portals provide by looking up price, rate comparison, availability and other details regarding properties. This will give you an estimate of the budget you will require and enable you to organise the necessary funds before buying. A visit in person to the site office is must.

After deciding the budget you can spend on purchasing the property, you need to check the details of the property, ensuring that all your needs are met. You have to identify the carpet area of the property required (i.e. the actual space available for usage). Usually area is quoted in terms of:

• Carpet area
• Built-up area
• Super built-up.
  Built-up and super built-up areas are arrived at by adding a certain percentage (called loading) to carpet area. This factor varies from builder to builder and from property to property. You should clearly identify your carpet area requirement and determine what you are paying for.
• Here are some questions you need ask yourself:
• Do you require a bungalow, apartment or penthouse?
• How many bedrooms do you need?
• Do you require an extra room either to use in future or for your guests?
• How many bathrooms do you need?
• Would you like to have a large balcony or garden?
• Do you require a room for your domestic helpers?
• Do you a large or small kitchen?
• Is the area sufficient to meet all your needs?

When would you like to purchase a house - immediately or after a certain period of time? If your requirement is not immediate, you can go for a property that is still under construction and book it in an advance. This gives you some time to arrange for the funds and also offers flexibility in payments. It is also comparatively easier to obtain housing loans for new constructions as compared to resale properties. Do compare the price you are paying for this new construction with the price of resale properties.

Determine whether you are buying a property when the real estate market is rising or declining. It is crucial that you are aware of the demand and supply situation in the area of your interest.

You have to identify or shortlist a location within the city. Consider the following questions:

• How far it is from your office?
• Is it close to schools, colleges, hospitals or other medical facilities?
• Is it accessible by public transport)?
• Is it in a self-contained complex?
• Is the surrounding area safe?
• Are various services available within a short distance?
• What future does this location hold?

Depending on one's lifestyle, the following amenities and facilities should be checked:

• Is a garage or parking space available?
• How many lifts are there?
• What are the society charges for regular maintenance?
• Does it have enough space for your children to play?
• Does it have a health club, swimming pool, terrace, garden, etc.?
• Does it have a shopping complex, market or grocery store in the vicinity?
• Is it near a place where you can worship?
• Are there laundromats or drycleaners nearby?
• Are the water and power supply regular?

This depends on whether you choose a resale property or a property that is under construction.

• The age of the building or premises
• The quality of the construction
• The maintenance of the property and its present condition
• Whether there are an leakages or cracks
• The condition of the wiring, roof, walls, appliances, etc.
• The expenditure it will require to make it liveable
• The clearance stating that it is not in a reserved forest or coastal area
• The environmental clearance