Legal Knowledge

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Owning a house, is an investment and a dream come true. It is a remarkable milestone for many families. Given the significance of investing in a home there are certain facts that needs to be checked before committing your investment to own a legal property. We as responsible builders would like to present a few guidelines that will be of help to become a buyer.

First Things First

The legal status of the land should be confirmed above anything.Advance should me made only after confirmation of legal documents

Before Buying a Land

Check for clear marketable title. Find out the tenure or possession right. (Freehold/Leasehold/Grant or Sanad).Note: Freehold is always preferred.Legal right of the holder of the land in Govt Records. The seller should provide these documents to the buyer.

Title Deed

Confirm that land is in the name of the seller The right to sell the land lies with only the seller and not anyone else.Always request for the original deed. Don’t entertain photocopies.Possible option : Original can be pledged.Have a lawyer approve the original.Check for any suppressed or undisclosed facts in the document.Previous deeds of land can also be verified.

Tax Receipt and Bills

Property taxes due to government and municipality are made with proof of bills and receipts. Up-to-date tax bills need to be checked. Heck for columns containing. Owners Name 2). Tax Payers Name Sometimes the owner may not have the tax receipt, In case we need to contact the village office with the survey number of the land and confirm the original owner of the land. If buying a house with a property, then house tax receipt should be checked. Check for the water tax bill and electricity bill. If any balance request the seller to get it paid.

Encumbrance Certificate (ec)

Confirm that the land doesn’t have any legal dues. The encumbrance certificate can be obtained from the sub registrar office where the deed is registered. The EC should state that the said land doesn’t have any legal dues and complaints. The EC must be obtained for 13 years and for more clarification we can demand 30 years certificate also. In case of any doubts we can take possession certificate of the ownership of the particular land from the village office.

Pledged Land

Confirm that land is in the name of the seller The right to sell the land lies with only the seller and not anyone else. Always request for the original deed. Don’t entertain photocopies. Possible option : Original can be pledged. Have a lawyer approve the original. Check for any suppressed or undisclosed facts in the document. Previous deeds of land can also be verified.

Measuring the land

It is advisable to measure the land before registering the land in your name. Ensure that the measurements of the plot and its borders are accurate using a recognized surveyor. Hold a survey sketch of the land from the survey department and compare for accuracy.

Buying From NRI Land Owners

An NRI can sell his land in India by giving Power of Attorney to a third person authorizing the right to sell the land on his behalf. In cases like this the Power of Attorney should be witnessed and duly signed by an officer in the Indian embassy in his province. No legal support can be claimed for Power of Attorney signed by a notary public.


This is to ensure there is no change in dealings. The agreement should be written in Rs.20 stamp paper. The agreement should state the actual cost, the advance amount, the time span within which the actual sale should take place and how to proceed in case of any default from either parties, to cover the loss. The agreement can be prepared by a lawyer and should be signed by both the parties and two witnesses. After signing the agreement if one of the parties makes a default, the other party can take legal action against him.


The land can be registered in a sub registrar office, after preparing the title deed and other needed information. The title deed can be hand written by a government licensed document writer. Even lawyers can prepare the deed, but the document can only be computer printed or typed, not hand written. A draft should be prepared before actually committing the document to stamp paper. Make sure all the details mentioned are accurate. If there is incorrectness in the document after registering, a secondary document with the correct details has to be registered and depending on the incorrectness, the registration expenses will be repeated. The deed should be registered within the time limit mentioned in the agreement. Original title deed, previous deeds, Property/House Tax receipts, Torence Plan (optional) etc plus two witnesses are needed for registering the property. For land costing more than Rupees five lakhs, the seller should submit either his Pan Card or Form Number 16 during registration. The expenses involved during registration include stamp duty, registration fees, document writers/ lawyer’s fees etc. The stamp duty will depend on the cost of the property and varies from Municipality to Corporation to Panchayat. Uds, Construction Agreement Registration (percentage) as on Date. Gst (percentage) as on date. Registration fees charged as per govenrment norms. Document writer’s fees also depend on the cost of the property and vary with individuals. There is a percentage prescribed by the government as document writer’s fee and they cannot charge more than the prescribed limit. After registration, the registered document will be received after 2-3 Days, from the registrar office

Home Loan Faqs


Q1. Am I Eligible for a home loan, if I work less than 6 months in the present organisation?

Yes, you are eligible. But you need to submit the following documents along with supporting documents,
– Relieving order from the previous company.
– Appointment order from existing company.

Q2. In which bank, do you arrange the loan?

We are arranging loans from Govt. and Non-Govt. sectors like LIC, HDFC, AXIS and State Bank Of India.

Tax Benefit Information

Q1. Can I get the tax benefit when I go with taking a home loan?

Yes, you can take a Home Loan that comes with multiple benefits. It includes let you achieve your goal of buying a new home and make you eligible for Tax benefits. These tax benefits can contribute towards your EMI flow and savings.

Q2. Under 80(c) section how much amount can we get claim as tax benefits?

Under Section 80(c) of Income Tax, the principal amount for the repayment of the loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1,50,000/-

Q3. What are fixed rate of interest and floating rate of interest?

Some institutions have a fixed rate of interest, which means the rate of interest remains unchanged for the entire duration of the loan. This means you do not benefit, even if rates of interest drop in the market.

This is the rate of interest that fluctuates according to the market lending rate. This means you stand the risk of paying more than you budgeted for in case the lending rate goes up.

As you buy a new home, these questions will answer all common queries about buying and owing a property in India. Use this guide to acquaint yourself with rules, laws and important information.


Q1. What is the difference between Built-Up Area, Super Built-Up Area, and Carpet Area?

Carpet Area:

This is the area of the apartment that does not include the area of the walls.

Built-Up Area:

This is the area of the apartment that includes the area covered by the walls.

Super Built-Up Area:

This includes the built-up areas such as the lobby, lifts, stairs etc. This term is therefore only applicable for multi-dwelling units, such as flat complexes (It includes common area % varies from 20% to 25%).

Q2. Do you construct a building based on Vasthu?

Yes, we construct a building as per vasthu only..

Q3. How much height do you construct the building from the roadlevel ?

We construct a building 2.5 to 3 ft. height from road level.

Q4. When I buy a plot can i pay the TDS on property?

Yes. If you purchase the land cost more than 50Laks you have to pay TDS for 1% from property cost.

Q5. How can I determine the rent or amount of lease for my apartment?

There is no prescribed norm for determining the market rent rate though it can be easily found out by approaching individuals such as brokers, registration authority, etc.

Q6. Customization of my flat is possible or not?

Absolutely possible! You will be able to customise your home to fit your budget and your tastes. We will work with you throughout this process to guide you and answer your questions. We will accompany you as you visit suppliers to make choices if you like.

Q7. How long does it take to construct a S+3 Apartment?

This is one of the most common questions about the custom home building. When the final plans are available and the land has been purchased, we build your home in 15 to18 months and guarantee the closing date upon signing.

Q3. How much height do you construct the building from the roadlevel ?

We construct a building 2.5 to 3 ft. height from road level.

Q8. Can I make changes to the plans?

Changes and revisions can be made during the design process; however, all the decisions are made prior to construction with our design team to avoid confusion among trades and our superintendents. We work with you when making decisions because we understand that building a new home can be a very stressful time for you, we like to make it as stress free as we can possibly can.

Q9. Can I make joint applications for home loans ?

Most institutions are willing to consider the joint incomes of the applicants for deciding the loan amount. Some institutions do not require the co-applicants to be co-owners of the property to be purchased.

Q10. I have a flat which I want to sell and buy a new flat bigger in area. What are my tax implications with regard to capital gains?

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.

Q11. Does a foreign citizen of non-Indian origin require permission from the Reserve Bank of India (RBI) for acquisition of immovable property?

Yes. The RBI may grant permission to a foreign citizen of non-Indian origin/foreign companies if the property is purchased for residential use and the consideration is paid by way of foreign exchange.

Maintenance Tips


Max hinges are fixed in the windows to allow operation at various levels of opening.
The hinges need to be lubricated every 15 days for smooth closing.
Use light coloured fabrics for curtains to ensure better lighting.
Wipe the grills and glass with a wet cloth daily to keep it clean
Gaps in windows can be fixed with sealant.
Replace hinges whenever it’s out of order to avoid banging
In case of breakage of glass in windows, take the assistance of an experienced carpenter to fix the same.


Wipe the doors with a dry cloth daily to keep them clean.
Lubricate the hinges once in 15 days for smooth closing of doors.
Use the door stopper when the door is open to avoid banging.
The frames and shutters are subject to expansion and contraction during the monsoons.
Please take the assistance of a carpenter to fix the doors properly


Daily sweeping and mopping with soap water ensure clean flooring
Skirting should also be cleaned with soap water.
Use light coloured fabrics for curtains to ensure better lighting.
Avoid acid wash often as it might take away the shine.
Gaps in windows can be fixed with sealant.
Cement pasting in between the tiles can be redone if eroded.
Do not drag objects on the floor to avoid scratching.
Ensure caution while carrying heavy articles to avoid breakage of tiles.
Though single tiles can be replaced, there could be a colour variation.
Please clean spilling on the floor immediately to ensure the safety of the inmates.


Please ensure that bathrooms are maintained dry for the safety of elders & children.
Ensure the tiles are cleaned with soap water to keep them dry.
Avoid regular acid wash as it might erode the cement pasting in between the tiles.
Clean the CP fittings with soap water to retain the shine.
Avoid usage of acid for cleaning the bathrooms to protect the shine of CP fittings.
Ensure that the closets and wash basins are kept clean for hygienic reasons.
Any branded toilet cleaner can be used to clean closets & wash basins.
Periodic cleaning of the tap openings ensures a free flow of water from taps/health Faucets /shower rose
Ensure the grating is fixed to avoid blockages in pipelines.
Do not flush plastic disposables (personal hygiene items) in closets to avoid unnecessary blocks.
Fix leakages in taps & flush tanks immediately to avoid wastage of water.


Always ensure that branded household articles are used to avoid unnecessary short circuits.
Clean the fans and light fittings periodically for optimum efficiency and life.
Provision of ELCB is suggested for additional care.
Please avoid operating switches with wet hands.
Always take the help of an experienced electrician to fix electrical issues.
Please avoid operating switches with wet hands.
Operate electrical gadgets in the prescribed manner to avoid damages.
Please save electricity by switching off unnecessary lights, fans, and gadgets.
Periodic cleaning of the tap openings ensures a free flow of water from taps/health Faucets /shower rose
Prevent the usage of electrical gadgets by children.
Avoid usage of heavy electrical items during thunder. (Microwave, geyser, TV, griller, Air Conditioners, Grinders etc)
Clean the switches periodically with a wet cloth to retain elegance.

Interior Tips

Periodical cleaning of the woodwork ensures the durability of the interiors.
Clean the fans and light fittings periodically for optimum efficiency and life.
Smooth handling of the wardrobes, drawers, cupboards, handles etc, shall ensure longer life of the same.
Please avoid operating switches with wet hands.
Melamine finish can be dusted every day to maintain its elegance.
The laminate finish can be dusted and wiped with a wet cloth to keep it stain free.
Periodical lubrication of the hinges ensures smooth functioning of the cupboards
Replace handles & locks if broken to maintain aesthetics and smooth functioning.
Periodic cleaning of the tap openings ensures a free flow of water from taps/health Faucets /shower rose
To ensure proper closing of the wardrobes, please ensure all the tower bolts in the shutters are locked properly.
Re-painting the house once in three years will add a new look to the house.
Use pest control measures to ensure the long durability of the woodwork.
Overloading the wardrobes may result in an improper closing of the shutters.

General Tips for Apartment

Maintain a first aid box at home
A cease-fire can come handy during an emergency.
Keep the windows open while cooking.
Please avoid operating switches with wet hands.
Close cylinder regulator when not in use.
During non-occupation of the house for a long duration, ensure that the Main is switched off & all taps closed to avoid damages. Stop-cock to be kept closed during non-supply of water.
Children should be accompanied by an adult in the balcony area for their safety. All balconies are to be closed when children are alone at home.
Crackers are not to be used in the balconies in the interest of other occupants.
Please do not throw garbage from apartments in the OTS area or common areas to ensure clean & harmonious living.
Use pulley type cloth dryers to ensure aesthetics of the building.
Save electricity and water in common areas. Prevent unnecessary wastage.
Proper maintenance of the house shall have a direct impact on the appreciation of your asset.
Ensure EB charges and all taxes are paid regularly before the due date.
Documents of the house are to be kept under safe custody.

General Tips for Common Area

Please do not allow children to operate & use the lift without adult supervision.
Please do not allow the children to use the terrace without an adult company.
Ensure that lift doors are kept closed all the times.
Park car & two-wheelers in the earmarked slots to avoid inconvenience to other occupants.
Driveways are not to be used as the parking area.
Adult supervision essential when children use the play equipment etc.
Ensure unnecessary entry to the STPL, transformers, motor rooms, sumps, EB main board, Genset equipment, etc..
Please use the garbage bins to keep the common areas clean.
Adhere to speed limits for vehicles. Speed Limits is restricted to 20 km. After entry into the complex to ensure the safety of other occupants.
Ensure a green environment plant more trees and plants
Avoid usage of plastics to protect the environment
Do not use parking slots to store household items.
Ensure EB charges and all taxes are paid regularly before the due date.
Parking slots are to be kept clean by cleaning leakages of lubricants etc.
Ensure all the vehicles are kept locked to avoid theft.
Extending your co-operation in all matters of the complex ensures a happy, enjoyable, peaceful and a harmonious community living.

Loan Support

Housing Loan schemes are available to different categories of people such as,

Salaried People

Business People

The documentation process normally takes a week to obtain endorsement from the concerned financial authorities. If required, the customer is even assisted with legal support as SRI - LR has its own legal associates to assist in legal aspects.

Required Documents for Resident Indian Salaried People
  • ID Proof
  • Present and Permanent Address Proof
  • Latest 6 Months Pay Slips
  • Employee identity card Xerox copy
  • Latest Form – 16
  • Appointment letter and Increment Letter
  • Previous two company offer and Relieving letter ( If less than 3 yrs experience in the present employer)
  • Latest 6 months Bank Statement showing Salary Credits.
  • 2 Latest Photographs
  • Processing Fees are applicable including tax
  • Resume ( If less than 3 yrs experience in the present employer)
  • Own Contribution Receipt (Property value - Loan amount)
Required Documents for Non-Resident Indian Salaried People
  • Passport copy, visa copy and Address proof (Overseas, India)
  • NRE/NRO and Savings account Bank Statement (6 Months)
  • Appointment Letter and latest letter from Employer and increment
  • Letter work permit if any
  • Appointment and Relieving letter from your previous Employer
  • Appointment letter and Increment Letter
  • If your experience is below 3 years in present employment
  • One Passport Size Photograph.
  • Cheque leaf For processing fees
  • Latest W2 form
  • Latest Credit Check Report with Credit score
  • Any loan details or EMI clearing bank statement
Required Documents for Business Class
  • Latest Passport Size Color Photo
  • Latest 3 years ITR with Full Schedule (Income Computation Sheet, Profit & Loss, Balance Sheet and Trial Balance With Auditor Seal)
  • Company Current Account statement Last 1 year
  • Savings Accounts Statement Last 1 year
  • Company Profile & Resume
  • Registration Certificate TNGST/VAT/TIN/SSI/Sale Tax/Service Tax
  • Pan card Xerox
  • Tax Paid Challan Copy
  • Present Residence Address Proof Xerox
  • Processing fees 0.5% of the loan amount
  • Form 26AS if applicable
  • Any loan details or EMI clearing bank statement
  • If you have already owned house please bring your latest property tax receipt
  • 20% of balance contribution proof apart from loan amount.
If The Company is Partnership then the following documents required
  • Partnership Deed
  • IT Returns 3 Years for Company
  • Partnership Deed
  • IT Returns 3 Years for Company
If The Company is Partnership then the following documents required
  • Company 3 years IT Paper
  • MOA and AOA
  • Board Resolution Copy.