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FAQs & Terminology

  • Do you charge any fee from the customer for the service?
    • We don’t charge any fee from the customers. This is absolutely a free of charge service
  • Do you list open plots?
    • No, we only list residential apartments/ Homes from developers or builders (only fresh purchase)
  • Do you list properties for rent?
    • No, properties only for purchase
  • What is carpet area?
    • Carpet Area is the area enclosed within the walls [Actual area to lay the carpet]. This area doesn’t include the thickness of the inner walls.
  • What is Built up area?
    • Built up area is the carpet area plus the thickness of outer walls
  • What is super built up area?
    • Super Built Up Area is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, swimming pool, garden, clubhouse, etc.
  • What is price/ sft or price/ sq.ft?
    • Cost charged per one square feet area is called price/sft. In real estate, cost of the unit is defined in two simple terms. One, “price/ sft” [price per square feet] and the second “base price”.
  • What is base price?
    • Base price = Price/sft * SBA [Super built up Area]
  • Is base price the total cost incurred by the customer for buying a house/apartment?
    • Base price is not the total cost of the property (house/apartment)
    • Parking charges -  Builder/developer charges fee (one time) for the parking charges. This depends on builder to builder and type of parking
    • Maintenance Deposit - Builders charge an advance maintenance or maintenance deposit of up to 2 years; this usually comes under common amenities, parks, lightings and club house membership
    • Preferential Locality Charge (PLC) - Preferential Location/Locality Charge (PLC) is the extra charge paid to book a unit which is in a better location within a particular layout or complex. Ex: Swimming pool facing apartment etc.,
    • Floor rise charges – This depends on builder to builder (some may or may not charge). 
    • Stamp-duty – This goes to state government, for registering the house in customers’ name. This is generally 5-7%
    • Registration fee - Registration is the full and final legal agreement between the buyer and seller indicating change of ownership; and the court charges a registration fee for it, which is generally 1-2% 
    • Service Tax and Value Added Tax (VAT) – This is paid to government, which is generally 8-10%
  • What is booking amount?
    • The amount (usually INR 1,00,000) that the customer pays to the developer to block a unit/apartment/home. This amount varies from developer to developer and property to property
  • How much customer needs to pay for sale deed agreement to happen?
    • Developer will typically ask the customers to pay 15 – 20% for the sale deed agreement to take place
  • What are the different types of car parking options available?
    • Open car parking - These are uncovered parking spots within the apartment complex premises.
    • Stilt Parking – These are partially covered parking spots on the ground floor of the apartment complex.
    • Garage Parking – Fully covered complete parking structures
  • Is the apartment come with interiors?
    • Usually, apartments don’t come with any interiors. Builders generally give option to customer for designing the interiors, but these comes with a charge 
  • Work Timings – We work all seven days between 9 AM to 6 PM [timing may change]
  • Why some projects have Green Color tick
    • All the projects that are approved by BFS (Bajaj Finserv) will have green color tick
    • Advantages of BFS Approved
      • 100% Home Loan on the property
      • Lesser documentation
      • Faster Processing time
  • Why some projects have Red color percentile
    • All projects that have special offers will have red color percentile symbol

We are currently in the process of updating our Website to comply with requirements under the Real Estate (Regulation & Development) Act, 2016 (“RERA”) and the rules and regulations formulated thereunder. Neither Bajaj Finserv nor any of its group companies take any responsibility for the accuracy, completeness or quality of the information provided. You are therefore requested to independently verify all information before taking any decision. Neither Bajaj Finserv nor any of its group companies are in any event liable for damages of any kind incurred or suffered as a result of the use or non-use of the information presented in this Website.

We are currently in the process of updating our Website to comply with requirements under the Real Estate (Regulation & Development) Act, 2016 (“RERA”) and the rules and regulations formulated thereunder. Neither Bajaj Finserv nor any of its group companies take any responsibility for the accuracy, completeness or quality of the information provided. You are therefore requested to independently verify all information before taking any decision. Neither Bajaj Finserv nor any of its group companies are in any event liable for damages of any kind incurred or suffered as a result of the use or non-use of the information presented in this Website.