Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Real Estate Services in Gujarat, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Power of Attorney and its importance in real estate.

      Power of Attorney (PoA) is an important legal document in real estate and property related transactions. However, not many people understand the importance of documents. Autoscale team would explain the power of attorney and its significance. What is Power of Attorney : A power of attorney is an instrument that is used by people (principle) to confer…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

All you need to Know about Stamp Duty

What is stamp duty & why to pay it? Possession is the physical transfer of the property is not sufficient. You also need to have legal ownership. At the time of registration, you will also have to pay a stamp duty which is a government tax levied on property transactions.      Buying a house is one of the biggest…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Real Estate Basic Knowledge – Loading Fector,OSR, FSI & Construction Stages

Loading Factor : Loading Factor can be defined as the area which includes the proportionate share of the common area for a flat which is determined by applying a multiplier to the carpet area. In general, builders include space around staircases and elevators as common areas while calculating the loading factor. Thus, loading factor, when combined with the carpet area,…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Top 10 frequently asked questions about GST on real estate sector

       With the Goods and Services Tax (GST) set for a nationwide rollout on July 1, 2017, property seekers continue to have numerous queries on this new indirect taxation regime. Autoscale Team gets the experts to answer the top 10 most popular questions pertaining to the GST. 1: Will property prices go up, with the GST being applicable…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Documents needed while doing a purchase/sale of property?

The following documents are required to be carefully seen (in case of bank loans, the bank will also demand these) – 1. Blue print of the plan from the builder (In case of flat / constructed property)[not relevant for land] 2. Commencement certificate[not relevant for land] 3. Completion certificate [not relevant for land] 4. Permission for Non agriculture use of…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

What is FSI (Floor Space Index)?

FSI stands for Floor Space Index also known as Floor Area Ratio (FAR). FSI means the ratio between the area of a covered floor (Built up Area) to the area of that plot (land) on which a building stands. This numeric value indicates the total amount of area (on all floors) you can build upon a plot. How to calculate FSI for…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Charges on a home loan that everyone should know.

When you take a home loan, you don’t just pay the EMI on the loan. there are as many as 13 different charges, though not all of them apply to every case. 1) Application Fee: Covers the preliminary expenses of a bank for conducting verification. Rs 1,000-Rs 5,000. 2) Processing Fee: Covers the cost of the credit appraisal. Fee depends on borrower’s…

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Liaison Services, Project Viability Reports, Property Knowledge by autoscale, Rera Consultant, Services, Survey of Land and Building, Valuations of Land and Immovable Properties

Home Loan Terminologies – Autoscale

When you are in the process of availing a loan to buy your dream home, financial institutions or banks usually use a number of technical terms which may sound new to you. The below article provides a list of number of technical terms used by banks when you avail a home loan. 1) Margin When you take a loan, the…

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