Frequently Asked Questions
Why should I choose Minar Property ?
We have helped more than 998 plus people find their dream properties in the State. We are committed individuals, bring our years of expertise in real estate consulting to assist you in the property buying process. We bring only the best projects from Top rated and trusted builders.
When can I apply for a home loan?
Apply for a home loan once you have finalised the property to be purchased or constructed. Make sure you do the research about the type of loan you need and follow the checklist:
- How much deposit do you have?
- What are the processing charges for the loan?
- What is the interest rate
- What’s the best type of loan for you
What Is CREDAI?
The Confederation of Real Estate Developers’ Association of India (CREDAI) is an association formed by developers and builders in India for self-regulating the business of real estate development. CREDAI has more than 8500 member developers and builders through 112 member associations with representation in all the major cities and states of the country.
What are the taxes that I need to pay before buying a property?
The buyer needs to pay the following taxes:
- TDS or tax deduction at source on amount exceeding Rs 50 lakhs for the purchase of property excluding agricultural land.
- Stamp duty
- Service Tax – Applicable if the property is being purchased from the builder who conceived and constructed the project before offering possession to the buyer.
- If a `ready to move in’ property is purchased from the seller or resell property, service tax is not applicable.
- Value Added Tax (VAT) – If applicable in the concerned state.
What documents are to be verified or required before purchasing a flat?
For Resale below documents are required: Agreement To Sell Sale Deed Mother Deed Encumbrance Certificate Latest Tax Paid Receipt Occupancy Certificate (For a constructed property) Building Approval Plan Possession Certificate For Primary Property: Go for a property which is approved by nationalized bank
How soon, can I expect a call back?
You will receive a call back from us within 10-15 minutes of placing your enquiry with us, provided you have posted your requirements between 9am and 10 pm. Otherwise, we would be reaching you the next day.
Can I repay my loan ahead of schedule?
You can repay the loan ahead of schedule by making lump sum payments towards part or full prepayment. As per the RBI notification, all prepayment charges on floating rate loans have been waived. However, banks can charge as applicable and subject to its terms and conditions on fixed rate loans.
What is RERA & its benefits?
The Government of India passed the Real Estate Regulation Authority (RERA) Act in March 2016. Ensuring Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project. Protecting the interest of consumers in real estate sector. Establishing adjudicating mechanism for speedy dispute redressal. Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority
How can I apply for registration of a document?
An application with the requisite fee has to be made at the Sub-Registrar’s Office (SRO) of the concerned district. You may engage a lawyer to coordinate with the SRO to help expedite the process.
Can I Ask You for Advice?
We are a group of experts in real estate consulting for more than a decade, dealing with premium apartments, villas, and commercial properties, we have won hundreds of happy smiles and still counting, so yes you can ask us anything on your property buying decision.
Let's Find You, " The Place You Deserve "
We have a Wide variety of premium and luxury properties for sale in both residential and commercial space to choose.