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Final CA Student
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Questions Asked

Purchase & Sales #builder#decide#payment#flat
How does the builder decide the schedule of payment for a flat? Why does most of the payment have to be made before final touches are being made to the building?
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Rachanaa Group  

129 Answered

Answered on November 08, 2017
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    • As per RERA, all builders will need to broadly adhere to the payment schedule as mentioned in the RERA sample agreement, which could change from one state to the other as per certain amendments brought about by the individual state.
    Bank Finance #mortgage#property
    Is it possible to undertake a mortgage without the delivery of a property?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • A housing loan is a classic example of the case, where physical possession has not been handed over, yet a bank mortgage is created on the property