FAQ

What is Value Consultant.com?

Value Consultant is a New Delhi based company specializing in Real Estate services.We take great pride in being able to match Buyers and Sellers for their Commercial and Residential real estate requirements.

Value Consultant is particularly structured to respond to enquiries and client needs both online and onsite.

Why should I choose Value Consultant.com?

TRUST and INTEGRITY…………that’s what our clients say…..is what we build our relationships on

……….. That’s what makes us special, that they trust us – and trust is rare in the property world.

Trust has to be earned and the way to earn it is by giving clients the best advice and getting them the best price – always.

VALUE CONSULTANT Core Services

·    Brokerage : Own & Invest

·    Brokerage: Manage Your Lease (Residential/Commercial/Corporate)

·    Develop Property: Collaboration

·    Property Marketing: Sell an existing property

 How can I search for properties on Value Consultant?

To search for properties that suit your preferences, all you need to do is to define your requirements accurately like Budget, City, Locality, Buy/Rent, Residential /Commercial while searching for properties on the Home page. Once you click on the Search Button, you will get a list of properties based on your chosen criteria

What are the main criteria that I should define to search for a suitable property in a given locality?

First and foremost is the purpose of property purchased. For example - A property might be bought as an investment, for residential or commercial purposes.

The other factors that make any property worth buying include:

• Proximity to city

• Connectivity to highways/airports/public transport

• Easy accessibility to institutions such as schools, hospitals, shopping complexes etc.

• Employment opportunities and job prospects.

• Infrastructural amenities like uninterrupted water and power supply, transport, parks, ample parking space, security etc.

Are there any factors to look out for when buying property in India?

When buying property both in India and in general you should consider the following factors:

• The costs involved

• The local laws concerning property such as stamp duty, registration charges, inheritance etc.  Each state may have a set of different laws. In case of any doubt, do contact us.

What do the terms: Carpet area, Built up area and Super built up area mean?

Built-up area: The entire area of the floor including the carpet area, walls, lobbies, corridors, atrium areas and basement. It is a good idea to check with respective builders/agents the specific meaning of these terms as Built-up area may include varying components across different cities in India.

For example:

In Mumbai, the basement, staircase, elevator and utility rooms like generator and electricity rooms - are included in the built-up area.

In Delhi, the elevator and staircase areas are included in the built-up area.

In Chennai, the basement and atrium areas are not included in the Built-up area.

In Bangalore, the basement is not included in the built up area.

Carpet area: The actual area within the walls - that is, the area in which you can actually lay a carpet.

Super built up area: This refers to the entire area of the building which includes the carpet area, lobbies and corridors, walls, lifts, staircases basements, and other atrium and utility areas. It is advisable to cross-check with respective builders/agents the specific meaning of these terms. This is because like the built up area, colloquially, different components make up a super area in different cities across India.

For example,

In Mumbai, the area under water tanks and other utility rooms are included in the super areas.

In Delhi, the basement is excluded in the ‘super area’ unless it is being used for commercial purposes.

In Chennai, the basement and atrium areas are included in the super areas

In Bangalore, the basement is not included in the super area.

Why do I need to know these terms?

It is important to be familiar with the definitions and component factors of these terms for because  these are not typically used outside India. Second, considering the component factors of these terms vary across different cities, it is important to be familiar with these terms to ensure that you know exactly what you are purchasing when making any property investment in India.


Financial

Can I get a home loan to help finance the purchase of a property in India?

Yes. Most of the banks in India offer Home Loans.  Each bank may have a different set of criteria to grant a Home Loan.  Also, the schemes offered by various banks may differ considerably. Hence it is wise to compare all current Home Loan schemes before making a final decision. Value Consultant can help you make a suitable choice, if you so wish.

What types of home loans are available to resident Indians?

Indians have many options of home loans to choose from:

Home Purchase Loans: For purchasing new homes.

Home Improvement Loans:  Used for renovation and repair of a purchased property.

Home Construction Loans: Used for the construction of a new home.

Home Extension Loans: Used for expanding or extending an existing home.

Home Conversion Loans:  are additional funds granted on an existing home loan for purchasing and moving into a new home for which some extra funds may be required.

Land Purchase Loans: These loans are available for purchasing land for both construction and investment purposes.

Bridge Loans: Bridge loans are designed for people who wish to sell the existing home and purchase another one. The bridge loans help finance the new home, until a buyer is found for the home.

What does EMI stand for?
Equated Monthly Installment– This is a fixed payment amount made by a borrower to a lender at a specified date every month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.

What is stamp duty?

Real Estate Stamp duty is a type of tax accumulation by the Government of India. Stamp duty is established on the agreement value or on the market value whichever is greater. While buying a property in India, you should be aware of the stamp duty laws of the state.

What if I do not have an NRE/NRO account?

It is possible for rental proceeds to be remitted abroad directly. However it is necessary to get a certificate from a CA (chartered accountant) showing that all taxes have been paid.

How do I open an NRE/NRO account?

These accounts can be opened without going to India. There are application forms on websites or alternatively, if there is a branch near you in the country in which you live, it can be done there. Documents required in order to open one of these accounts differ from bank to bank.

If you need advice on how to open an NRE/NRO account, please do not hesitate to contact us.

Do I need to be in India to buy property there?

Not necessarily. You may appoint someone in India granting them Power of Attorney so that the papers can be signed at the time of property possession and registration.

Do I need permission from the Reserve Bank of India (RBI) to purchase a property in India?

No. Grant power of attorney to someone in India so that the papers can be signed at the time of property possession and registration. We will be happy to assist you in the process, if required.

How many residential properties are NRIs eligible to buy?

NRIs are eligible to buy any number of residential and commercial properties in India. NRIs are however not allowed to buy agricultural land, plantation or farm land.

 

 

 

 


 

 

 

D-12, First Floor, D Block Market,
Vasant Vihar, New Delhi - 110057,
INDIA
phone 011-41612330 / 41758833 +91 9999387180
+91 8130665206