FAQs and useful information

There are multiple benefits that you get to avail when you procure a home loan. According to Section 24 and Section 80C of the Income Tax Act, a person availing of home loans can claim exemption of tax, both on interest payment as well as principal payments. The person who is taking the home loan can expect a deduction of Rs 1.5 lakh on the interest portion of the EMI that he or she is paying towards the construction and Rs 1 lakh of the principal portion of the EMI, of home loans that are taken from banks and other housing finance companies.

You are required to repay the loan by way of Equated Monthly Installments ("EMIs") compromising of interest only initially. EMIs commence from the month following the month of first disbursement of your loan. You need to start the paying the EMIs compromising of principles and interest after the last tranche of the loan has been disbursed to you.

Changes and revisions can be made during the design process; however, all the decisions are made prior to construction with our design team.  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.


Just like any other source of income (salaries, profits & gains of business and profession), income from house property is taxable income. This tax is computed on the Annual Value of the House Property

A composite for sale of undivided share of Land & Construction of apartment is needed where the Land owner and developer are one and the same. This agreement provided for sale & Construction of an apartment at a particular price agreed between seller & buyer, including cost of land, construction cost, car parking charges KEB & KWA charges for the property. Normally the buyer shall bear the stamp duty & Registration charges.

The area of an apartment, not inclusive of the area of the walls is known as carpet area. This is the area that is actually used and in which a carpet can be laid. When the area of the walls including the balcony is calculated along with the carpet area, it is known as built-up area. The built-up area along with the area under common spaces like lobby, lifts, stairs, garden and swimming pool is called super built-up area.

Before purchasing property from a company, it is necessary to verify with the Registrar of Companies that the property is not mortgaged or is not being used as a security against a loan, otherwise it is not considered a freehold property.