FAQs

[vc_row row_content_width=”grid” css=”.vc_custom_1638382923046{padding-top: 50px !important;}”][vc_column][vc_toggle title=”Are requisite approvals obtained?” color=”white” size=”sm” css=”.vc_custom_1698209865670{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The land is a part of HUDA Approved layout of 338 Acres 29 Guntas called as Nalagandla Residential Complex. All requisite building approvals have been obtained from GHMC. The construction is in progress and will be tentatively completed by November 2023.[/vc_toggle][vc_toggle title=”Is the project registered under RERA?” color=”white” size=”sm” css=”.vc_custom_1638383924643{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The project has been registered under RERA under project registration number P02400001985.[/vc_toggle][vc_toggle title=”How many flats are available in the premises and what is the size of the flats?” color=”white” size=”sm” css=”.vc_custom_1638383940591{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]Project AARNA is a boutique one BHK residential apartment project, having basement, stilt and five upper floors having 26 flats on each floor. There are a total of 127 flats available in the building, one BHK Studio flats of size 567 Sqft, 648 Sqft & 730 Sqft , facing East, West & North.[/vc_toggle][vc_toggle title=”What are the amenities offered in the project?” color=”white” size=”sm” css=”.vc_custom_1639381797286{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]

Club House having Reception Lounge & Lobby , Library, Indoor games and Gymnasium
100% Power Backup
Fire Fighting System
Security 24/7 with CCTV surveillance cameras.
Common Garbage disposal area
Sewerage Treatment Plant
Water Treatment Plant
Rain water harvesting
Four-wheeler & two-wheeler parking
2 Passenger Lifts & a Service Lift
Common sit outs on each floor
Service area on each floor for services and house-keeping.
Laundry Area.

[/vc_toggle][vc_toggle title=”Is Project approved by Banks?” color=”white” size=”sm” css=”.vc_custom_1638384013410{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The Project is approved by major banking institutions & Home loan facility is available.

- SBI
- HDFC
- ICICI
- AXIS
- Kotak
- Punjab National Bank

[/vc_toggle][vc_toggle title=”What is the rate of GST and registration charges applicable on the residential unit?” color=”white” size=”sm” css=”.vc_custom_1638384068355{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The current rate of GST is 1% of the total sale consideration. Currently Registration, Stamp duty & TPT totals to 7.8% of the total sale consideration. The rates mentioned above are subject to change based on the prevailing levies notified by the respective government authorities. [/vc_toggle][vc_toggle title=”Who can buy the residential unit?” color=”white” size=”sm” css=”.vc_custom_1638384093381{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]As we see a huge potential & demand for short term to long term stays by corporates & individuals working in the IT corridor of Hitech City & Financial District, the project most ideally suits investors to buy the units for earning steady rental returns and for capital appreciation. The return on investment is two-fold, rental income and appreciation on property as well. [/vc_toggle][vc_toggle title=”Will a buyer rent out his/her unit individually or an Operator will run the entire facility?” color=”white” size=”sm” css=”.vc_custom_1638384110305{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]We are in the process of evaluating tie ups with top-of-the-line Operators and Corporates, to ensure highest occupancy and equally ensuring that the facility is maintained to the highest of standards. With their market leadership, given a first of its kind Studio apartment facility in a prime and promising location of Nalalgandla will equally ensures highest rental returns and occupancy.

However, if the tie-up does not frutify with the Operator, the entire project will be promoted in the nearby IT corridor, by setting up an effective marketing team, wherein individual lease / corporate lease can be signed for the facility for the entire property equally ensuring high occupancies.[/vc_toggle][vc_toggle title=”What are the benefits of an Operator over leasing independently?” color=”white” size=”sm” css=”.vc_custom_1638384257132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]

Higher rentals for a fully operated facility compared to individual leasing
Property will be maintained to the highest standards
One can avoid the hassles of the entire lease procedure
Monthly maintenance will be taken care by the Operator.
Operator will run on a long lease, ensuring steady rentals for a long duration.
Rental follow up and defaults can be avoided

[/vc_toggle][vc_toggle title=”Are there car parking available for each Studio Apartments?” color=”white” size=”sm” css=”.vc_custom_1638384232521{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]Given the small size of 1 BHK apartment, there are limited car parking available.
[/vc_toggle][vc_toggle title=”What will be the gestation period to lease out the premises to the Operator?” color=”white” size=”sm” css=”.vc_custom_1638384215644{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The gestation period to lease out the premises to the Operator will be within 6 months from completion.
[/vc_toggle][vc_toggle title=”Are the units being offered with any furnishing? If yes, what would be the extent and total cost for the same and any future updates to the requirements of the operators.” color=”white” size=”sm” css=”.vc_custom_1639381940742{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]We are currently evaluating furnishing the unit to the best of standards. The total cost of furnishing per unit will be in the range of Rs. 5 Lakhs to Rs.7 Lakhs depending on the size of the unit.[/vc_toggle][vc_toggle title=”When can the investor sell the unit and is there any lock in period for selling the unit?” color=”white” size=”sm” css=”.vc_custom_1639382030000{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]The Investor can sell the unit anytime and there is no lock ins or restrictions for sale of the units. The only condition is that the new Buyer should be willing to continue the remaining period of the long-term lease contract entered between the Operator & the previous Buyer.
[/vc_toggle][vc_toggle title=”Since I am an NRI, are there any tax implications or any restrictions with respect to my property?” color=”white” size=”sm” css=”.vc_custom_1638384185335{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #828282 !important;}”]Even if you are an NRI, you will be treated as a Person of Indian Origin (PIO) and will be allowed to continue buying, owning and selling property in India without any restriction.
In case you were previously an Indian citizen and eventually took up citizenship of another country, you will be allowed to continue owning property that you previously purchased and can also continue buying and selling new properties in the future.
The only restriction is that as an NRI or IS citizen, you are not allowed to buy Agricultural land. This is the only restriction as otherwise, everything else remains the same.[/vc_toggle][/vc_column][/vc_row][vc_row disable_element=”yes” row_content_width=”grid” css=”.vc_custom_1638383696651{padding-top: 112px !important;padding-bottom: 143px !important;}”][vc_column][mkdf_elements_holder holder_full_height=”no” number_of_columns=”one-column” switch_to_one_column=”” alignment_one_column=””][mkdf_elements_holder_item item_padding_769_1024=”0px 0px 35px 0px” item_padding_681_768=”0px 0px 35px 0px” item_padding_680=”0px 0px 35px 0px”][vc_column_text]