Privacy Policy
At Realtors Property , a company incorporated under the provisions of Companies Act, 1956, having our registered office at Shop No-4 Plot No 48/3, Keshav Puram ING Area, A 2ND Floor BLK-C, Lawrance Road Industrial 110035 and having corporate identity number L45101DL2006PLC148314, we value your trust and respect your right to privacy.
This Privacy Policy provides you with details about the manner in which your data is collected, stored and used by us. You are advised to read this Privacy Policy carefully. If you do not agree to the terms of this Privacy Policy, please do not further use or access RP website/applications.
General
This privacy statement is applicable to website of Realtors Property. This Privacy Policy applies regardless of whether you use a computer, mobile phone, tablet, or television or any other media or computer resource to access our Services. It also applies to those who register on our website in connection with use of our services, or whose data Realtors Property otherwise receives in connection with its services. It is important that you read the Privacy Policy carefully because whenever you use our website, your Personal Data will be processed (if at all) in accordance with this policy.
Personal Data and its collection
Personal Data, means and includes, any data relating to identified or identifiable living person (‘data subject’ here in referred as you/your’) including but not limited to, name, address, mailing address, telephone number, email ID, bank account details including details linked to credit/debit payment instruments, information about your mobile phone, any personal details that may have been voluntarily provided by the customer, whether to Unique Identification Authority of India (UIDAI), Credit Information Bureau of India Limited (CIBIL) or any other agency including any other Credit Information Companies (CIC).
No contractual obligation
Please note that this Privacy Policy does not create any contractual or other legal rights in or on behalf of any party, nor is it intended to do so.
Intellectual Property Rights
Please note that Realtors Property retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all data provided on or via this web site/applications (including all texts, graphics and logos).
Changes to this Privacy Policy
Realtors Property reserves the right to change or update this Privacy Policy or any other of our policies/practices at any time without giving any prior notification; hence, you are requested to review the Privacy Policy periodically, to make sure that you are aware of any such changes. This Privacy Policy shall apply uniformly to Realtors Property website and or any other media used by Realtors Property for its Services. Any changes or updates will be effective immediately upon posting the same on our web site at www.realtorsproperty.com.
Data Privacy Issues and Whom to Contact
If you have any questions, comments or concerns about this Privacy Policy or about how we handle your Personal Data, please get in touch with us at realtorsproperty7@gmail.com
FAQs and Documents Required for Real Estate
FAQS
Q: What are the documents that should be verified before buying a residential / commercial unit?Ownership documents of land owner including title certificate.
Development Agreement, if the developer is not the owner and has acquired the development rights.
Intimation of Disapproval (IOD) and the building plan/s approved by competent authority.
Commencement Certificate.
Other permissions issued by the competent authority depending on the nature of plot/type of development.
If the construction is completed then Occupancy Certificate or Building Completion Certificate.
Draft of Agreement for Sale and brochure for specifications, layout and amenities in the flat/complex/layout.
Q: What documents are required to be executed if the intended purchaser wishes to proceed for purchase of premises?The Developer shall execute an Agreement for Sale as per the provisions of The Maharashtra Ownership Flats (Regulation of the Promotion, Construction, Sale, Management and Transfer) Act, 1963 (“the MOFA”).
Q: What is the procedure for execution of the Agreement for Sale?
- The procedure involved is three-fold:
- Firstly, the payment of adequate stamp duty on the Agreement for Sale
- Secondly, Execution of the Agreement for Sale by the Developer/Promoter and the Purchaser and;
- Thirdly, Registration of Agreement for Sale.
We shall deal with the above aspect in detail as under:
(I)Stamp Duty
- Unless there is an agreement to the contrary, the stamp duty shall be borne and paid by the Purchaser as per Section 30 of the Maharashtra Stamp Act, 2013.
- As per prevailing laws, the stamp duty to be paid on the Agreement for Sale shall be an amount equivalent to 5% on the market value of the unit as per prevalent ready reckoner rates.
- Market value means the price at which a unit could be bought in the open market on the date of execution of such instrument. This price is determined on the basis of the ready reckoner issued each year.
- The Mode of payment of stamp duty is E-Payment through GRAS (Govt. Receipt Accounting System)
(II)Execution
- After the payment of stamp duty on the Agreement for Sale, the same shall be duly executed by all the parties, i.e. the Developer/Promoter and the Purchaser/s. All the pages of the document should be signed by all the parties. The Agreement should be witnessed by at least two witnesses giving their full names, signatures, and addresses.
(III)Registration
- The duly stamped and executed Agreement for Sale should be presented at the office of the concerned Sub-Registrar of Assurances for registration within 4 (four) months from the date of execution of Agreement for Sale.
- In case of delay in presenting within the stipulated four months from the date of execution of Agreement for Sale citing unavoidable circumstances by the Parties, the Registrar may condone the delay after collecting penalty under section 25 of the Indian Registration Act, 1908; provided the delay in presentation of the executed Agreement for Sale does not exceed 4 (four) months from the date of expiration of the aforesaid stipulated 4 (four) months (i.e. does not exceed 8 (eight) months from the date of execution of the Agreement for Sale).
- Registration of the Agreement for Sale is compulsory as per Section 17 of Indian Registration Act, 1908.
- The registration fees shall be an amount being 1% of the market value of the unit, subject to maximum of Rs.30,000/-.
The material contained in this section is for general information only and is not intended to be an advice on any particular matter. The reader should seek appropriate professional advice before acting on the basis of any information contained herein.