top of page

FAQs

1. What is carpet area? 

Carpet area of a flat is the net usable area of the flat. It is the area measured from one wall to another wall excluding the width or thickness of the wall

2. What is Super Built up area? 

It is the area which is the total of the built-up area and proportionate common area on the floor like passage, staircase etc.

3. What is FSI? 

FSI stands for the Floor Space Index. It is calculated as:- Total built-up area of the Complex / Total area of plot on which it is built.

4. What details should be looked into before Purchase of a Flat? 

There are 4 basic details one should look into before purchasing a flat. 

  • The clear Title of land. The clear title will ensure that the property is constructed on undisputed land.

  • The IOD & CC of the project, which are basically the approval and commencement certificate of the project under construction.

  • MCGM approved plans.

  • ULC order.

5. What is required after finalization of a flat? 

Once the flats is finalized, the following procedures should be done: 

  • Agreement of sale should be signed between the Buyer and the Builder which should contain:

    • The annexure with IOD, CC, Amenities, Copy of Plan etc. 

    • Payment Schedule. 

  • Stamp Duty should be paid according to Bombay stamp act 1958.

  • After Payment of Stamp Duty the agreement has to be registered with the sub-register of assurances, of the jurisdiction where the property is situated.

bottom of page