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.