Aadarsha Gupta
Questions Asked
Taxes & Duties
#gst#property#oc
Does a purchaser need to pay GST while puchasing a property in a building with OC?
Does a purchaser need to pay GST while puchasing a property in a building with OC?
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Answered on November 08, 2017
GST is levied on amount payable prior to the issuance of completion certificate. In case of supply of duly constructed property, no GST is payable.
Answered on November 08, 2017
COASTAL REGULATION ZONE - REFER CRZ NOTIFICATION LAST MODIFIED ON 6/1/2011
Redevelopment
#property#society
If a part of the property area is encroached, can a society member ask for an incentive area for the same?
If a part of the property area is encroached, can a society member ask for an incentive area for the same?
Answered on November 08, 2017
It depends upon the size and shape of the land & also the encroached area. One should always try to remove encroachment for the better planning however If it's not possible to remove it then encroached area is deducted from the plot area. in that case TDR and fungible compensatory FSI of encroach area will not be available for the construction.
Answered on November 08, 2017
PMC is normally hired by a society while undergoing redevelopment. PMC is normally an architect/engineer who is well conversant with the rules of the local authorities and can advise the society on matters such as FSI already consumed, plot potential and general practices in the market. They act as a bridge between the developers and the society to finalize the development agreement, oversee th...
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RERA
#penalty#unregistered#act
What is the penalty prescribed for non-registration of a project under the Act?
What is the penalty prescribed for non-registration of a project under the Act?
Dhvanil Vakharia,Design Engineer
31 Answered
Answered on November 08, 2017
( Source : maharera.mahaonline.gov.in) If any promoter fails to register as per Act, he shall be liable to a penalty which may extend up to ten per cent of the estimated cost of the real estate project. On continued violation, he shall be punishable with imprisonment for a term which may extend up to t...
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Legal
#advisable#flat#ownership#citizen
Is it advisable to buy a flat on joint ownership for a senior citizen with his wife?
Is it advisable to buy a flat on joint ownership for a senior citizen with his wife?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Yes, there is nothing wrong in acquiring property in such manner. However it would eventually depend on facts of each case i.e. who is paying for the flat, what is to happen of the flat post the death of the parties in whose favour it is to be bought etc.
Legal
#villa#builder#bangalore#land#landowner
I am planning to buy a villa from a builder in Bangalore. The land is under landowner share. All the land required for the villa has already been sold out. What is the risk for this purchase? The builder is also under JDA.
I am planning to buy a villa from a builder in Bangalore. The land is under landowner share. All the land required for the villa has already been sold out. What is the risk for this purchase? The builder is also under JDA.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the Villa forms part of the land Owner's share, then a Tri-partite agreement bettween the land Owner, the Builder and yourself can be executed, where the builder confirms tha the Villa forms part of the land owners share and further, the land owner agrees to sell the same to you. If the tile of the land Owner is clear and the JDA is properly executed and registered, then the risk would only ...
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