Our projects are approved
by all the leading financial institutions and nationalised
banks. Housing loan can be arranged as per your eligibility
with minimum involvement from your side.
Outgoings For Your Apartment
The contract value, indicated in the payment schedule,
covers the cost of your apartment and the cost for the
undivided share in land. The total outgoings of the
apartment would generally include the contract value
of the apartment, cost of car garage, cost of additional
works if any, work contract tax, service tax, cess etc.
You will have to pay Stamp duties and registration charges
at the rates actually prevailing at the time of registration
of land ownership in your name. Meter deposits, cable
charges and other expenses incidental to power, lighting,
water connections and registration of share in the land
are payable at the time of handing over. Building taxes,
property taxes and other taxes applicable are also payable.
All taxes, levies or charges other than the above remain
payable as and when demanded by the government or any
statutory body retrospectively or otherwise.
Timely Payment
Your payment schedule will be indicated in the land
and construction agreements. Timely payment of all installments
on due dates is the essence of the contract. A grace
period of 10 days may be permitted from the date on
which the installment falls due. Payments beyond the
grace period are liable for interest @ 9% p.a.
All payments are to be made through demand drafts or
account payee cheques favouring ' hi-lite
builders pvt ltd ' payable at Calicut, for which proper
receipts will be issued upon realisation of the cheque
or demand draft. All payments by NRI's shall be made
only through their NRE/NRO accounts. Collection charges
for outstation cheques will be debited to your account.
You are advised to record all your payments supported
by receipts for the purpose of computation of capital
gains at a later stage.
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