FAQs

The following documents are required for buying a property in India:

• Identity proof: Aadhaar card, PAN card, passport, or voter ID card

• Proof of residence: Driving license, electricity bill, or water bill

• Income proof: Salary slips, tax returns, or bank statements

• Marriage certificate (if applicable)

• Sale deed (if the property is already constructed)

• Completion certificate (if the property is under construction)

• Possession letter (if the property has been constructed)

Hiranandani Parks is a premium residential project located in Oragadam, Chennai. It offers a wide range of amenities and facilities, including a gym, football and cricket grounds, tennis courts, basketball court, jogging track, 7-themed gardens and an upcoming clubhouse. The project is also well-connected to the city by road and rail

The carpet area of a flat/apartment/unit is the area that is actually available for use. It excludes the area that is taken up by walls, pillars, and other non-usable areas.

A lease agreement is a contract between a landlord and a tenant, where the landlord gives the tenant the right to use the property for a specified period of time in return for rent. A leave and license agreement is similar to a lease agreement, but the tenant does not have the right to sublet the property.

An agreement for sale is a contract in which the seller commits to transfer the property to the buyer for a give

A completion certificate is a document issued by the local authority, which confirms that the construction of a property has been completed in accordance with the approved plans. The completion certificate is required for the property to be registered.

A possession letter is a document issued by the builder, which confirms that the buyer has been given possession of the property. The possession letter is required for the buyer to start using the property.

In India, a new tax structure is known as GST, which came into effect in July 2017. A single tax called the GST is applied to all products and services in the nation. GST has had a favorable effect on the real estate market. Developers can now sell houses more easily, thanks to the GST.

There are a few options for remitting earnings or capital gains from the sale of real estate. Remitting the funds via a bank is one option. Another option is to put the money into another Indian property. Investment in a foreign nation is a third option.

The term "freehold property" refers to property that is free of any encumbrances and allows the owner to deal with it without constraint. There are no restrictions or approvals necessary from any authorities in order to deal with or develop the property. There are no tenancy/leasehold/easement rights on any portion of the property, thus ownership is complete and unconditional.