Monday 29 September 2014

Agriculture Land in Mangaon at Rs 6 Lacs!!!!

PRODUCT

1) What is the Product?
The product on offer comprises of  Agriculture Land and comprises of individual 1/2 acre plots, in a comprehensive plotted development, located in Lonere town in Raigad district, Maharashtra

2) What is the zoning of the property?
Present zoning of the land is Agriculture.

3)How much is the FSI?
The FSI currently available is 4%

. LOCATION & INFRASTRUCTURE
1) What are the USP’s and features of the location that makes it a winning proposition?

Roha
 Mahindra & Mahindra Innovation Park to be set up with an investment of 10,000 Crore in Roha giving rise to surrounding infrastructural growth.
 Mumbai’s suburban train services extended to Roha increase connectivity.
Dighi
 Dighi Port SEZ, 1st of its kind multi-industry & largest port-based SEZ in Maharashtra.
 Dighi Port Industrial Area, one of the key economic influence zones under the Delhi Mumbai Industrial Corridor project (DMIC).

Mangaon
 Mahad MIDC is the largest industrial area in the Konkan.
 A MOU for developing 45 kms rail link connecting Dighi Port to the main Konkan Rail held at Indapur and Mangaon has been signed.
2) How do you get to the property?
Road - via NH 17
Rail - via Mangaon Railway Station
Airway – Mumbai or Pune Airport then by personal vehicle or public transport
3) Is there a Motorable road to the property?
There is a motorable road to the property

C. DOCUMENTS & REGISTRATION

1) Who has Ownership of the Land?
The Promoters, their subsidiaries and associates of the Company have legal ownership of the land.

2) What Documents would be executed upon making the down payment?
A Product application form for the booking of a plot is to be completely and accurately filled at the time of making the booking amount. Upon receipt of the booking amount and completed Product Application Form, a Token Receipt Agreement (TRA) shall be issued. Thereafter, an Agreement of Sale (AOS) will be entered into post 70% of Total consideration amount being received.

3) When will I be able to register the plot?
The plot will be registered upon receipt of the entire sale consideration by the company in respect of the plot
.
4) Who will be eligible for the registration?
All the purchasers who have paid the entire sale consideration along with other charges as applicable shall be eligible for the registration.

5) What are the registration and stamp duty charges?
At present it is 4 % stamp duty +1 % registration of the guideline prescribed by the government or the sale consideration value set by the company whichever is higher. (Subject to change as per government policies)

6) What are the other charges apart from the registration and stamp duty charges?
Additional charges will levy towards legal, liaison, administration, society formation and Patta (7/12) transfer. The charges for this will be informed by the sales executives at the time of registration.

7) When will I get the possession of the land?
Possession will be handed over upon the conveyance of the property in favour of the Purchaser.

8) How do you handover the Project to the Purchasers?
The company will intimate the handover process at the time of completion of the development of the project.

9) Can the plot be transferred without registering, during the lock in period to someone else?
Nomination is possible at any stage of the purchase upon payment of a nominal fee.

10) Will I be assisted in the resale of the property after the registration? If so what is the transfer charges/brokerage charges involved?
Yes, at a cost – The charges will be decided at the time of resale.

D. FACILITIES & AMENITIES
1) What are the overall facilities provided by the company?
Motorable roads.
All plots clearly demarcated.
Project Fencing.
Security until Handover.

2) Who will maintain the property after possession?
The property will be maintained by a Property Management Services Company. An annual maintenance charge for maintenance of the property is applicable.

What is the booking amount and the payment structure?
Total consideration` 6,00,000/-
Down Payment – ` 1,90,000/-
EMI for 59 Months - ` 6,700/-

60th Installment – ` 14,700/-

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