Frequently Asked
Questions

GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services. GST is a destination based tax which is levied only on value addition at each stage because credits of input taxes paid at procurement of inputs will be available. Thus, the final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

The West Bengal government has taken an initiative for regulating the real estate industry. HIRA was brought into act by West Bengal Government in 2017. This act is known as WBHIRA or the West Bengal Housing Industry Regulatory Act (HIRA). The Act was enforced w.e.f. 1st June’18. As per section 20 of HIRA act, 2017 and it look after the real estate market all relevant activities in relation to buying and selling of real estate properties in the state of West Bengal. It brings transparency to sell, buy, etc. in the real estate sector and to protect buyer interest.

Real Estate Regulatory and Development Act (RERA) has been implemented on 1st May’17 for regulating the real estate sector of India. RERA Act 2017 has not only empowered the buyers but also shaped the total regulation of the activities of the builders regarding the real estate property.

Sree Balaji Group is the chosen one because of its reliability, honesty, uprightness and transparency. The Group’s holistic approach covers all aspects of the projects from land acquisitions to constructions and after sales. Excellence and trend-setting quality at an affordable price tag is a signature in every Sree Balaji project. Sree Balaji is fast becoming a preferred choice as a weekend second home, one can own at holiday destinations like Dooars, Shantiniketan, Digha, Puri and Raichak. Sree Balaji’s passionate to grow is reflected in its 11 projects developed in just 11 years. 770 flats have already been handed over and 1400 flats are in the pipeline for delivery. Nothing succeeds like success. The future looks promising as in the next 5 to 7 years, 4000 to 6000 flats are projected for delivery. Sree Balaji has taken every opportunity that came its way, because behind every success there was consistency.

Do a complete verification of title and ownership of the seller and ask for the below documents from the seller:

Title documents of the property – government order for grant, succession certificate, sale deed, gift deed, will, partition deed, etc., evidencing the transfer of title over the years, culminating in the vesting of property with the seller.

• Nature of title – leasehold, freehold, or development right.
• In case of the seller claiming development rights to the property, the development agreement and power of attorney executed by the owners in favour of the seller.
• All title documents must be duly stamped and registered at the office of the jurisdictional sub-registrar of assurances.
• Khata must be registered in the name of the seller.
• Information on pending or past litigation should be verified.
• Ensure availability of original title documents with the seller.
• Verify the seller’s identity by checking ID proof and address proof.
• Check whether the seller has taken any loan on the property. A clause should be added in the sale deed stating that the seller is responsible for clearing all dues.
• Municipal tax dues, water tax dues, land revenue dues, and any other dues must be fully cleared before the transaction.
• Ensure all construction approvals are in place. The buyer should examine the building plan/layout plan sanctioned by local municipal authorities, along with approvals from government, statutory, and regulatory authorities for infrastructure, water, sewage, electricity, environmental clearance, fire safety, etc.
• Check if the seller has obtained the occupancy certificate from the competent authority.
• Verify whether the property is solely in the seller’s name or part of a joint venture development.
• Ensure that no blood relative of the seller can claim rights in the future. If any claim arises, it will be the sole responsibility of the seller to resolve it.
• The buyer must confirm that all property taxes have been paid and there are no outstanding dues.
• Obtain a No Encumbrance Certificate from the concerned authorities.

As per the Real Estate (Regulation and Development) Act, 2016 (RERA), carpet area is defined as ‘the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment’.

Built up Area is the actual used area of an apartment, it comprises of carpet area plus the thickness of outer walls and the balcony.

A completion certification (CC) is document that a builder obtains from the municipal authorities after the completion of a building. The CC attests to the fact that the new building is constructed and completed in accordance with all the safety norms and regulations.

Registration will be done only on completion of each phase and on payment of the entire sale consideration including the deposits. Registration will be facilitated by us through a legal consultant appointed by the developer.

Legal / Documentation and professional charge incurred for preparation of Agreement for sale and the Deed of conveyance and/or transfer deed in respect of the said Flat/Unit including all other deeds, documents and instruments as may be necessary and/or required.

You can Transfer your apartment to any intending purchaser by entering into a nomination agreement before registration by giving a request letter and paying the nomination charges. However the presence of all previous buyers for the said unit would be mandatory during registration and incorporation of conveyance deed.

If at any point of time you decide to cancel your application after agreement, then the seller shall be entitled to forfeit the Earnest Money Deposit and refund the balance amount as per the timeline mentioned in the sale agreement. If any interest towards payment delay has accrued then the same would be deducted while arriving at the refund amount.

Yes, you can execute Special Power Of Attorney to get your property registered by someone else.

You will have to enter into an Agreement for sale and upon the completion of project construction & offer of possession and subsequent clearance of dues we will do the registration and enter into deed of conveyance.

Property can be bought and owned jointly by more than one person. There are some legal and financial implications in such a case that needs to be taken care of so as to avoid disputes. One of the most common reasons for owning property jointly is finance. People pool in funds to buy a property. A common example of this is purchase of property by husband and wife. By clubbing their incomes, they are also eligible for a higher loan amount. Couple having separate sources of income may pool in their resources to buy a home. Personal name can be combined with company name as well for purchase of property.