stamp duty, registrations, agreement for sale, certificates, noc, receipts


	1. Why does Kalpataru Group have a documentation system? Kalpataru Group places great emphasis on simplicity and clarity in dealings with its customers. The Group actively promotes the spirit of co-operation with customers, internal & external agencies and financial institutions. Further, the Group believes in discharging its responsibilities as a developer of real estate. Certain routine procedures are benchmarked in consonance with ISO: 9002 certification.

	2. What advantages does Kalpataru Group's documentation system offer a customer? The system promotes transparency in transactions, clearly sets out mutual obligations of parties and increases clarity in response action, when required.

	3. What are the documents required for booking a flat ? After a visit to the site a customer is required to meet the sales team at the head office and finalise the final financial offer. An application form is then filled in and signed by the customer. An allotment letter for a flat and receipt for payment is issued simultaneously with the purchaser making payment of the requisite amounts. After the initial consideration amount is paid, a standard agreement for sale is executed.

	4. Is a flat purchaser required to pay stamp duty, sign and register an Agreement for Sale? Yes. A flat purchaser who intends to acquire a flat is required to pay stamp duty, sign and register the Agreement for Sale of a flat. Usually, financial institutions giving loans to flat purchasers insist on execution of an Agreement for Sale before disbursing loans.

	5. Which documents should a flat purchaser ask for at the time of booking a flat? A flat purchaser can ask for the certificate of title issued by an advocate, which gives the history of the ownership of the land under construction. Other documents such as applicable municipal approvals and sanctioned plans can also be inspected.

	6. How will a flat purchaser know that his next instalment is due? The sales team communicates with flat purchasers through call letters, telephone calls and e-mail informing them about outstanding payments towards cost of the flat, society deposits and other charges. Receipts are issued from time to time for payments made by flat purchasers

	7. How will a flat purchaser know if a building, which is under construction, in which he has booked a flat is completed? After completion of construction of the building, the municipal corporation issues the occupation certificate. The sales team sends out call letters informing flat purchasers about the same.

	8. Can a flat purchaser carry out interior decoration works in his flat? Yes if such work is permissible as per applicable rules and only after he has complied with requisite formalities and paid an interest free refundable security deposit as well as all other requisite payments. However, changes in outside elevation, colour schemes, grills, RCC frame work, plumbing and electrical lines etc. are not permissible.

	9. Does a flat purchaser require a No Objection Certificate from the Developer for availing of a home finance loan? Yes. Financial institution requires a No Objection Certificate from the Developer before considering an application for loans.

	10. What formalities does a flat purchaser require to complete before taking possession of his flat? Possession of a flat is handed over after receipt of all outstanding dues from a flat purchaser and completion of documentation. Time is required to clean the flat and inspect all amenities and fittings jointly with the flat purchaser and complete other requisite formalities.

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