1. What should a buyer keep in mind while buying a residential flat? Some of the factors to consider while purchasing a flat are: a. Locality i.e. transport, schools, hospitals, market, business district, entertainment centres, hotels, restaurants, pollution levels b. Quoted area of the flat i.e. Carpet, Built Up Area and super Built Up Area c. Car parking space d. Quality of construction e. Reputation of the builder or seller f. Sufficient water and electric supply, other utilities g. Cost components : price, stamp duty, registration charges, transfer fees, monthly outgoings and society charges, costs of utilities h. Potential for resale or renting out of the property i. Any other distinguishing features or advantages of the property 2. Checklist for buying a residential property? a. Market Trends about prevalent rates of property in the vicinity and last known transactions b. 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. c. Check for approved layout plan and approved building plan with number of floors d. Clearance from Municipality, Electricity, Water, Pollution, Lift authorities e. Check the building bye-laws in that area to verify any issue with setback, side setback, height, etc f. Confirm transfer fees, stamp duty and registration charges to be paid on purchase of the property as well as outgoings to be paid for the property i.e. property tax, water and electricity charges, society charges, maintenance charges 3. Do NRI's require permission of Reserve Bank to acquire immovable property in India? No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house. Refer to the table below for a comprehensive list of transactions possible.   NRI PIO Resident Note Buy Property From Yes Yes Yes For NRI Sell Property To Yes Yes Yes Receive Gift From Yes Yes Yes Give Gift To Yes Yes Yes Agricultural Property       Purchase Property From No No No Sell Property To No No Yes Receive Gift From No No No Give Gift To No No Yes Buy Property From Yes Yes Yes For PIO Sell Property To No No Yes Receive Gift From Yes Yes Yes Give Gift To Yes Yes Yes Agricultural Property       Purchase Property From No No No Sell Property To No No Yes Receive Gift From No No No Give Gift To No No Yes 4. In what manner the purchase consideration for the immovable property should be paid under the general permission? The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from any non resident accounts maintained with banks in India. 5. Is there any restriction on the number of residential properties that may be purchased by an NRI? There are no restrictions on the number of residential properties that may be bought by an NRI. However, repatriation is allowed only in respect of two such properties. 6. What are the guidelines for acquisition of agricultural land / plantation property / farmhouse by NRIs and foreign citizens of Indian origin? All requests for acquisition of agricultural land / plantation property / farm house by any person resident outside India may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.
	We provide you with services which will really help you for buying the property.
	Need for Buying: We will first identify your needs for buying the property. You may want to buy a residential, commercial or industrial property. Accordingly we will identify the list of your preferences, like: 1.      Property type (Residential, commercial, Land etc.) 2.      Area of the Plot 3.      Price range 4.      Room sizes (Number of Bed Rooms, Bathrooms) 5.      If Built up (then numbers of stories, or other specifications) 6.      Preferred Location (park/road facing/corner) 7.      Preferred Locality Property ownership (lease/free hold) 8.      Preferred floor (if flats) 9.      Builder's/Association/Society Properties  10.  Facilities, like Parking, Servant Quarter, Medical, Genset, Security, cable etc. Other identifications are like distance from railway station, bus station, airport (if exists), Access to market, schools etc. Another important point for buying is the “time of your purchase”, Like: 1.      If you have immediate requirement then you will have limited time to fine tune the search and would have to settle for properties which are ready to be moved into. 2.      If you have sufficient time, we can provide you with services to book a property under construction. Similarly, you would have time to see a number of proposals available for sale in different localities and then choose the best suitable to you. 3.      We will provide you with the options accordingly We will help you in buying the property by providing you with necessary information about 1.      Information about property 2.      Checking property Title 3.      Checking for hidden complications 4.      Evaluation of property value 5.      Checking status of ownership 6.      Checking Permissions required from Competent Authorities as per requirement 7.      Checking Construction specifications, etc If you need assistance buying or renting in Chandigarh and surroundings or anywhere else across the country, we can help you. Please contact our corporate office for further information. We look forward to hearing from you