Q. What do Carpet Area, Built-Up Area & Super Area mean?
A. Carpet Area is the area enclosed within the walls where you can actually lay a carpet in the flat, which does not include the thickness of the inner walls. It is the actual used area of an apartment/office unit/showroom etc.

Built up Area is the carpet area plus the thickness of outer walls and the balcony.

Super Built Up Area is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the Super Built-up area. Sometimes it may also include the common areas such, swimming pool, garden, clubhouse, etc. This term is therefore only applicable in the case of multi-dwelling units.

Q. Should I inspect a property before buying?
A. Yes. Buying a home or an office is probably the largest single investment you will ever make. You should learn as much as you can about the condition of the property and the need for any major repairs before you buy, so that you can minimize unpleasant surprises and difficulties at a later stage. A close inspection points out the positive aspects of the property, as well as the maintenance that will be necessary to keep it in good shape. After the inspection, you will have a much clearer understanding of the property you are about to purchase.

You need to investigate the condition of the property and all its systems such as :-

• Plumbing systems, drainage, water faucets and sanitary fittings.
• Electrical systems, circuit breakers, wires, capacity of the electric meter, functioning of light fittings
• Roof, walls, ceilings, floors, paint work.
• Foundation, basement and visible structures.
• Doors and windows, latches, locks.
• Structural stability of the building.

Q. Checklist For buying Residential or Commercial Property.
A. Market Trends about prevalent rates of property in the vicinity and last known transactions Identify the property you wish to purchase

Formulate commercial terms

Distinguish between terms and conditions of the contract which are negotiable and those, which are fixed e.g. Price, payment schedule, time of completion etc.

Avail of services of Regentconsultants.org. List your requirements with a reputed broker such as Regentconsultants.org

Ask for photocopies of the all deeds of title related to the property to be purchased. Examine the deeds to establish the ownership of the property by seller, preferably through an advocate. Ascertain the survey number, village and registration district of the property, as these details are required for registration of the sale. Previous encumbrances and loans, if any on the property must be cleared before completion of purchase of the property. The title of the Vendor to the property must be clear and marketable.

Finalize commercial terms of purchase of the property. Ascertain transfer fees, stamp duty and registration charges to be paid on purchase of the property.

Ascertain outgoings to be for the property i.e. property tax, water and electricity charges, society charges, maintenance charges etc.

Request Vendor to obtain, if applicable, consent, permission, sanction, no objection certificate of various authorities such as the (a) society (b) the income tax authority (c) Municipal Corporation (d) the competent authority under the Urban Land Ceiling and Regulation Act (e) any other authority.

Will you require a loan for making payment of the consideration amount? Ask for a pre approval letter from the lending institution.

Permanent Account Number of Vendor and Purchaser under Income Tax laws Payment of stamp duty on the formal agreement or document for transfer of the property, signing by both the Vendor and Purchaser and registration.

After payment of the entire sale price, take over legal possession of the property along with documents of title in original from the Vendor of the property.

Change name of the holder of the property to the purchaser in the records of the society, Electricity Company, Municipal Corporation etc.

Our Clientele: -

1. DSM Technologies Limited
2. HCL Info systems Limited
3. ST Microelectronics India Limited
4. LG Electronics India Pvt Limited
5. Honda Siel Cars India Pvt Limited
6. Kortek Electronics India Pvt Limited.

………And Growing…