Phase 1 shall consist of Block Aura (120 flats), Block Carol (50 flats) and Block Delicia (The Club House).
Phase -2 shall consist of Block Bliss (120 flats), Block Euphoria (120 flats) and Block Frolic (120 flats).
You need not be afraid, Japan has got the highest number of High rises in the world, and it is the Earth Quake capital of the world. A well engineered Building will resist any major earth quake that has happened in India, in the last 50 Years. The Structural Engineer has designed the Building keeping the latest technology and safety in mind. The developer is providing 4 high speed lifts per block. Automatic Generators will prevent the Lift from getting stuck midway.
Following are the advantages of Living in a High rise.
a) How many kinds of flats are available?
Answer: Kindly refer to the Brochure.
b) What are the sizes of Flats?
Answer: Kindly refer to the Brochure.
c) How will the payments be done?
Answer: It is a construction linked plan; kindly refer to the attached sheet.
d)Is the location suitable for me?
Answer: Yes, as long as you think that the world is not permanent and cities keep growing at a faster pace, than we as a human can predict. It is indeed the centre of Cosmopolitan Siliguri, kindly refer to the Brochure for the location Map.
e)Is the Car parking compulsory?
Answer: No, but there is sufficient number of car parking's, if you wish to purchase ONE.
f) What do you mean by PLC charges?
Answer: Preferential location charges.
g) Why is PAN card or AADHAR card compulsory?
Answer: As per the Govt. Norms KYC (know your Customer) is compulsory for every financial transaction.
h) Can the customer pay in Cash?
Answer: We don’t accept cash; payments are only received through proper Banking instruments (For. E.g. - Cheque/ DD/ NEFT/ RTGS/ IMPS etc etc).
i)Does the Buyer, have Roof rights.
Answer: Yes the Buyer has got indivisible right on the common area of the roof.
j) What if the Developer defaults on targeted possession date?
What if the Developer fails to obtain the necessary sanctions on time?
Answer: Developer declaration forming part of Booking Form/Agreement
In the event the developer fails to obtain necessary sanctions from authorities within the stipulated time-frame promised by the developer in various phases, then the Developer shall issue a letter (through registered post) to the buyer/Buyers, for a reply within 20 days, whether they would like to continue with the booking or cancel the booking. The reply from the buyer has to be done through a registered post to the Developer’s correspondence address. If the Buyer wishes to cancel his booking, the developer shall return all the amount received from the buyer till that date along with an interest of 8% P.A. or part thereof. If the Buyer wishes to continue with the booking or the Buyer does not reply, The Developer would imply that the Buyer has placed his/her trust on the developer. In such case, the developer would not be obligated to return the booking amount along with any kind of interest what so ever.
This step is being taken by the developer to protect the interests of Buyer and safe guard them from any losses. The Developer wants this whole event to be neutral and favoring both the parties equally, so that the buyer doesn’t feel cheated or neglected
If the Developer Hands over possession of the said flat to the buyer, beyond the completion date and the extended period of force majeure, then the Developer shall be liable to pay the buyer, interest @8% per annum until the project is completed from the date, the Developer has committed its delivery for Phase I and Phase II respectively.
This step is taken by the Developer to give the buyer an equal right and equal platform vis-a- vis to the Developer. The Developer wants this whole event to be neutral and favoring both the parties equally, so that the buyer doesn’t feel cheated or neglected.
The Developer always believes in human first policy. The Developer declares that it does not discriminate any one on grounds of Caste, religion, race, sex or place of birth. Anyone who is either a citizen of India or a citizen of any other country in any capacity (either a company, individuals, group of individuals, or otherwise), who may lawfully be permitted to purchase any flats in the building is welcome to Purchase a flat in the Residential complex build by the Developer without any questions asked.
Since the buyer should very well know that the approval process for such a big project takes time and there are various departments involved like Fire Department, Panchayat Department, Mahakuma Parishad, P & RD Department (Kolkata), Aviation Department, LUCC, SWID Department & any other NOC from any other department/departments which may arise in the future. Therefore, the construction approval comes in various stages.
But whatever booking is done, is being done on mutual trust and faith between the Buyer and Developer, whether the buyer is buying a flat in the captioned project or the Developer selling the flat to the buyer. The Developer would request the buyer to consider this point before booking the flat because the Developer has no intention to cause any inconvenience to the Buyer after the booking is done.
Yes, we are in the process of tying up with major Banks like SBI/ICICI/HDFC/AXIS and others. And we shall facilitate you in getting the Home Loans.
Only the Registration / Stamp Duty which is prevailing at the time of Possession of the Flat. We are very transparent in our financial dealings and commitments. You don’t have to bear any other charges. In fact, the total price is inclusive of GST.
Signing up of agreement (between the Buyer and Developer) within the stipulated time, is a guarantee of Booking. It shall protect the Buyer and the Developer from any miss-understanding that may arise in the future.
It doesn’t have any disadvantage. Following are its advantages.
AAC Blocks are uniform in size and red bricks are non-uniform in size
Generally, an Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad or a person who is not resident in India for a period over 182 days is a non-resident Indian. Persons posted in U.N. organisations and officials deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents
NRIs and POIs do not require permission from RBI to acquire residential / commercial premises in India (other than agricultural land/farm house/plantation property). A person resident outside India acquiring property to carry on business from India has to file with the Reserve Bank a declaration in Form IPI within ninety days from the date of acquisition of immovable property. A citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan cannot acquire immovable property without prior permission of Reserve Bank. However, he can take on lease an immovable property for not more than 5 years.
A person resident outside India who is a citizen of India is permitted to sell immovable property in India other than agricultural/plantation/farm house to a person resident in India or to an NRI or to a PIO resident outside India. He can also gift residential or commercial property in India to a person resident in India, NRI or to a PIO resident outside India. However, he can gift or sale any agricultural land/farmhouse/plantation property only to a person resident in India who is a citizen in India. A PIO resident outside India is permitted to sell the immovable property other than agricultural land/farmhouse/plantation property to a person resident in India
The repatriation of sale proceeds of immovable property other than agricultural land / farmhouse / plantation property may be remitted out of India on fulfilling the following conditions.
Yes. Repayment of loan should be made within a period not exceeding 15 years out of inward remittances or out of funds held in the borrower's NRE/FCNR/NRO accounts.
Reserve Bank permits Indian firms/companies to grant housing loans to their employees deputed abroad and holding Indian passports subject to certain conditions.
Yes. Normally it is desirable to appoint a Power of Attorney in India to represent you in dealings in India. The Power of Attorney should be executed as per drafts provided by the housing finance company. The Power of Attorney holder should be a trustworthy person.
Yes. General permission has been granted by Reserve Bank to non-resident persons (foreign citizens) of Indian origin to transfer by way of gift immovable property held by them in India to relatives and charitable trusts/organisations subject to the condition that the provisions of any other laws, including Foreign Contribution (Regulation) Act, 1976 and stamp duty laws, as applicable, are duly complied with.
Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income are eligible for repatriation subject to payment of taxes and production of a certificate issued by a chartered accountant with the guidance of an Authorised Dealer such as a bank for completion of formalities
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR/NRO accounts maintained with banks in India.