Buying A Home

READY RECKONER:

 Title deeds of the vendor of the property.
 Previous title deeds covering a period of 13 years.
 Encumbrance certificate for the past 13 years.
 Upto-date tax paid receipts.
 Valuation of the property from a registered valuer.
 Sanctioned plan.
 Check if the flat/apartment is free from tenancy.
 Register the property.
Check for proper Development Agreements and the authority for conveyance of title in favor builder/promoter.
 Check if the municipality authority with the approved of Building Plan has issued occupancy certificate.
 Obtain a clear and marketable title of the project.
 Ensure execution of proper sale agreements on your initial payments.
 See the sanctioned plan. Register the property.
 Verify plinth area of the apartment.
 Check carpet area of the apartment and find out if the difference between plinth area and carpet area is reasonable.
 Ask for completion Certificate.
 Ensure whether reputed financial companies approve the project. This will help you to get financial loans.

Salient Features of Agreement

1. Clear Description of the parties executing the agreements.
2. Flow of title of the property including the details of power of attorney
3. Payment schedule
4. UDS value and its registration schedule
5. Delivery / Completion schedule
6. Compensation to the customer in case of project delay and compensation to the company in case of delayed payment
7. Consequence of breach of agreement
8. Formation of owners association, corpus fund and transfer schedule
9. Dos and Don'ts of the clients
10. Detailed specification of the project as annexure
11. Uniform agreement to all clients.
12. Rights of the clients to the common area and maintenance obligations.

Frequently Asked Questions:

Q. DO ALL ALLIED PROJECTS HAVE CLEAR TITLES?
A. YES. We do not launch any project unless it is legally clear.

Q. DOES ALLIED FACILITATE CUSTOMIZATION OF APARTMENTS?
A. YES we do, subject to technical feasibility.

Q. DOES ALLIED HELP IN RENTING OUT THE ALLIED APARTMENT(S) WE BUY?
A. YES, we can take care of this too.

Q. ARE ALLIED PAYMENT TERMS LINKED TO PROJECT PROGRESS?
A. YES, they are.

Q. ARE ALLIED'S PRICES FIXED OR ARE THEY SUBJECT TO ESCALATION?
A. YES, once the initial booking amount is paid, the price is firm and does not change at all.

Q. HOW LONG DOES IT TAKE TO SIGN THE PURCHASE CONTRACT ONCE THE INITIAL PAYMENT HAS BEEN MADE? A. The agreement can be signed the very same day the construction advance amount is paid.

Q. WHAT IS THE MAXIMUM EXTENT OF LOAN AVAILABLE FROM BANKS/FINANCIAL INSTITUTIONS?
A. The maximum is 80% of the total cost (the total cost - including car park, registration and other costs).

Q. WHEN IS UDS REGISTERED?
A. Registration of sale deed is executed on receipt of entire land cost and the corresponding upto date construction stage wise due payment or 60% of the total apartment cost whicver is higher.

IN CASE YOU NEED FURTHER INFORMATION REGARDING OUR PROJECTS AND SERVICES, FEEL FREE TO CONTACT US BY PHONE, FAX OR EMAIL!