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Hello Vendors!
Strong relations create synergy. Let’s optimize the value chain, creating synergy, improving performance and grow mutually. Please fill out the following form & we will get in touch:

<h2>Joint Development</h2>

Joint Development

Welcome, Land Owners!
Do you own a property and are interested in Joint Development or Outright Sale? Please fill up the following Land Owners Information. form so that we can connect.

Payments can be made in Indian Rupees by any of these methods:
Pay Order
Banker’s Cheque
Wire Transfer

Yes, definitely. Our projects are pre-approved by certain large HFIs/Banks. We help you acquire necessary approvals for your home loan from these HFIs and co-ordinate with them (as developers) to provide all necessary documents.

Capital gain is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short term (Three year or less) or long term (more than three year) and must be claimed on income taxes. A capital loss is incurred when there is a decrease in the capital asset value compared to an asset’s purchase price.

It is the sum of the Built-Up Area (Carpet Area + Wall Area) and the Common Area.

General Power of Attorney (GPA) is an authorization given by the customer to a person if he is, owing to his professional commitments, unable to personally attend to the purchase, negotiations, registration and complete other formalities pertaining to the apartment he has bought. He will appoint and constitute one person known to him as agent and attorney in his name and on his behalf to do any of the following acts deeds and things; this is given in general to do all the activities on his behalf.

Power of attorney given to a person only for a specific purpose.
for example:- possession or registration purposes is called Specific Power of Attorney.

Sale Agreement of land or building is an ordinary agreement in which one party promises to sell the landed property or building to another and the other person agrees to buy it. It contains a promise to sell and acceptance to buy. It is a future event.It need not be registered in a register office.Even then if the parties wish they can register it in the Sub-Registrar office by paying sufficient amount of stamp duty.Normally a Sale Agreement is valid for 3 years from the date of its signing.

In a Sale Deed, the title of the property shall be transferred and generally along with the possession. A Sale Deed is to be registered with the Sub-Registrar at his office, within the jurisdiction where the property actually situates.Sufficient stamp duty according to the value of the property is to be paid for the registration. In addition to the Stamp duty 2% of registration fees also to be remitted at the time of registration.

It is very difficult to cancel registered Sale Deed whereas a Sale Agreement can be terminated for the reasons set forth in the Sale Agreement.

Any legal document which is not executed on a stamp paper has to be registered with the Government by paying the necessary judicial charges. This is called e-stamping/franking. Though printed on the stamp paper, some documents need to be authenticated by a legal person or an advocate who is called a notary and the process is called notarizing. Documents such Power of Attorney, Affidavit, etc. need to be notarized.

Documents with the following details need to be furnished:
Whether NRI or PIO (Person of Indian Origin)
Residential status
Passport details
Complete postal & permanent address (local or overseas, as applicable)
Name, address & account no. of customer’s bank
These NRI details need to be produced because this is a directive by the Government of India to all builders as a mandatory requirement. Failure to furnish the details called for is an offence punishable under the Foreign Exchange Management Act, 2000.

A Non-Resident Indian (NRI) is a citizen of India who holds an Indian passport and has temporarily emigrated to another country for six months or more for employment, residence, education or any other purpose.

A Person of Indian Origin (PIO) is a person who is not a citizen of India and is the citizen of another country. A PIO might have been a citizen of India and subsequently taken the citizenship of another country, or have ancestors born in India or other states.

NRIs/OCBs are granted the following facilities:
Maintenance of bank accounts in India
Investments in securities, shares and deposits with Indian firms/companies
Investments in immovable properties in India

Under the general permission available, the following categories can purchase immovable property in India:
i) Non-Resident Indian (NRI)
ii) Person of Indian Origin (PIO)
The general permission, however, covers only purchase of residential and commercial property and is not available for purchase of agricultural land / plantation property / farm house in India.

Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.
Yes, under the general permission granted by the Reserve Bank, property other than agricultural land/farm house/plantation property can be acquired by NRIs provided the purchase consideration is met either out of inward remittances in foreign exchange through normal banking channels or out of funds from the purchaser’s NRE/FCNR accounts maintained with banks in India and a declaration is submitted to the Central Office of Reserve Bank in form IPI 7 within a period of 90 days from the date of purchase of the property/final payment of purchase consideration.
The Reserve Bank has granted some general permission to certain financial institutions providing housing finance like HDFC, LIC Housing Finance Ltd., etc. and authorized dealers to grant housing loans to NRI nationals for acquisition of a NRI house/flat for self-occupation subject to certain conditions. Criteria regarding the purpose of the loan, margin money and the quantum of loan will be at par with those applicable to resident Indians. Repayment of the loan should be made within a period not exceeding 15 years, out of inward remittance through banking channels or out of funds held in the investors’ NRE/FCNR/NRO accounts.
The ‘Open Market Value’ of any immoveable property would be the price it would fetch if put for sale in the open market. Such market value depends on various factors such as demand and supply forces operating in the market, location of the property concerned, the quality of the construction and the amenities provided therein, accessibility, etc. The Stamp Authorities under the Bombay Stamp Act, 1958, have prepared a ‘ready reckoner’ of property values in and around the city of Pune. This ‘ready reckoner’ gives the ‘Government Market Values’ of land / residential flats / commercial premises in various locations in or around the city of Pune. However, such a ‘ready reckoner’ is merely indicative.
Stamp Duty is payable on ‘Government Market Value’ of property or the consideration agreed to be paid for purchase of the same, whichever is higher. In areas within the limits of the Municipal Corporation of Pune, the rate of Stamp Duty payable is 6% whereas for areas outside the Corporation Limits, the rate is 5%.
If the construction of the project in which the flat / commercial premises is situated is in progress, the agreed purchase price is to be paid to the promoter in instalments according to the progress of the construction of the building in which the flat / commercial premises is situated.
A duly registered Agreement for Sale coupled with possession effectively completes the de-facto title of such a purchaser to the unit agreed to be purchased by him / her. However, in case of a co-operative housing society being formed by all the purchasers in the project, the land and all the buildings thereon are conveyed to the co-operative housing society. The purchaser of every unit in the project will be admitted as a member of the society and share certificate of five shares will be allotted to each purchaser. In the event a Condominium of Apartment Owners of all the units in a project is to be formed, a Deed of Apartment will be executed in favour of the purchasers of each unit, thereby conveying the unit together with a pro-rata undivided share in the land covered by the project and in the common areas and facilities thereof.
All transactions are governed by the provisions of the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963. Neither the promoter nor the purchaser can contract out of the said Act.
‘Carpet area’ is the entire area measured from wall-to-wall excluding the thickness of all walls.
‘Carpet area’ of a terrace is the entire area thereof measured from wall-to-wall excluding the thickness of all walls.
The saleable built-up area of any unit is the actual area including the thickness of the interior / exterior walls, the area of any balconies or sit-outs at eye-level and adjoining terraces and a certain percentage of the aggregate area of the common areas of the building in which such a unit is situated.