Eldeco Group – Pre & Post Purchase FAQs | Real Estate Buying Guide

The maintenance period will commence on the actual date of physical possession of the subject Unit, or on the date mentioned in the Final Demand Notice, whichever is earlier.

In case either of the Allottees (authorised signatory in case of a partnership firm or a company) takes physical possession of the Unit, they need to carry the original possession certificate/letter & car parking usage letter, and storage/utility space usage letter issued by the Company.

(P.N. If you are authorising family members/friends to take physical possession of the unit, then they have to carry the original letter of authority to the site along with the aforementioned documents.)

Disclaimer: The FAQs and the answers are general guidelines for Eldeco projects. Different projects may use systems different from those explained herein. The allottee is requested to contact the concerned Customer Care executive to obtain the specific details for the project and the relevant units.

You can authorise your family members to take physical possession of the Unit on your behalf by executing the letter of authority as per the attached format in his/her name.

Stamp Duty is payable on the consideration of the Unit or at the prevailing circle rate of the unit (notified by the competent authority of the state in which the unit is located), whichever is higher, at the stamp duty rates prevailing on the date on which registration of the Sale/Transfer/Conveyance deed will be executed.

The stamp duty amount does not include the registration fee, which will be intimated in the Final demand notice. The Stamp Duty rates may be revised by the competent authority.

Please submit the following documents for the issuance of loan documents for your unit:

• Signed request letter from all the allottees conveying the name of the Loaning Institution, the branch you wish to take a loan from and its address.

• One original set of Allotment Certificate & Agreement, duly signed by all the allottees on all pages, if not submitted earlier.

• Self-attested photocopy of the Pan Card of the allottees, if not submitted earlier.

Please Note: The signed TPA (Tri-Party Agreement) and NOC/Permission to Mortgage (PTM) will be forwarded only after receipt of the above documents. A photocopy of the TPA, signed by all the allottee/s and stamped by the bank on all pages, needs to be sent to the company for its future reference & records.

The documents required at the time of Registration of the Sublease/Conveyance Deed are as follows:

Indian Residents:

• 4 passport-size photographs for each of the allottees

• Passport/Photo ID proof in original

• Copy of PAN Card

• Signature & photo attestation for all the allottees from the bank

Hindu Undivided Family:

• Copy of PAN Card of HUF

• 4 passport-size photographs of the authorised signatory

• Signature & photo attestation for all the allottees from the bank

Partnership Firm:

• Copy of PAN Card of the Partnership Firm

• Notarised photocopy of Partnership Deed

• 4 passport-size photographs of all the partners

• Signature & photo attestation for all partners from the bank

Company:

• Copy of the PAN Card of the Company

• Attested photocopy of the MOA of the Company

• Board resolution authorising the signatory to sign the documents related to the purchase and registration of property on behalf of the Company

• List of Directors and Shareholders of the Company

• 4 passport-size photographs of the authorised signatory

• Signature & photo attestation for the signing authority for the company from the bank

In case you are in India, you can authorise your spouse/blood relative to execute the registry &/or sign possession documents on your behalf by executing the Power of Attorney in his/her/their name:

• Prepare the POA (to be downloaded from the link below) on Rs. 100/- non-judicial stamp paper purchased in the name of the executants of the POA.

• The duly completed POA (without blanks or handwritten text) must be signed by all executors on all pages.

• The POA needs to be registered either at the registrar/sub-registrar office where the executants/s inhabit or at the office of the registrar/sub-registrar where the project in which the subject unit is located is registered.

• The POA holder must carry the original POA to the registry.

• A notarised photocopy of the POA must be submitted to the Company's HO.

• In case you stay abroad, you can authorise anyone to execute the registry &/or sign possession documents on your behalf by executing the Power of Attorney in his/her name:

• The duly filled POA (without blanks or handwritten text, as per format to be downloaded from the link below) needs to be printed on plain paper and signed by all the executors on all pages; attested by the consulate of India in your state/country.

• The POA holder must have the POA stamped with the AIG stamp of the area where the Unit is located, if applicable.

• The POA holder must carry the original POA to the registry.

• A notarised photocopy of the POA must be submitted to the Company's HO.

Please Note: The norms w.r.t. the execution/registration of POA prevailing as on the date of execution/registration of POA in the jurisdiction of the project in which the subject unit is located and/or applicable in the executing court would also be applicable.

• Clearance of all payments (extra charges, legal, incidental charges & stamp duty payment, etc) as mentioned in the Final Demand Notice/Offer of possession (FDN) in line with the stipulated period mentioned in the FDN.

• Clearance of outstanding interest, holding charges, maintenance charges, power back-up dues, etc., till the end of the month in case the possession of the unit is delayed beyond the stipulated period mentioned in the FDN

• 24 post-dated cheques towards maintenance charges as per the FDN, and a cheque towards RWA membership as per FDN

• One original copy of the Allotment Certificate & Agreement and original addenda (if any), duly signed by all the allottees on all pages, if not provided earlier

• Self-attested photocopies of Pan cards for all the allottee/s, if not provided earlier

• The signing of the Company's standard possession documents & agreements was duly witnessed.

• Additional requirements to comply with in case the unit is mortgaged

• Please submit the original NOC from the loaning institution.

• Please ensure that the photocopy of the TPT, signed by all the allottees and stamped by the bank on all pages, is submitted if not provided earlier.

• Signature verification by the bank for all allottee (s).

Please Note:

• The final finishing of the Unit will be executed only upon realisation of all payments (extra charges, legal & incidental charges, stamp duty payment, revised interest, holding charges, maintenance charges, power back-up dues, etc) as mentioned in the FDN.

• It generally takes 20-25 working days to organise registration at the concerned authority, post receipt of all payments & compliance with all other pending formalities of the unit.

• The Unit would be delivered only after the registration of the sublease/conveyance deed. Meanwhile, the allottee(s) can conduct a pre-inspection of their unit and sign the possession papers.

Transfer of the property can be done after registration/possession of the Unit. The transfer procedure/documentation is detailed below (Can be downloaded from the link below):

• Clearance of outstanding payments of maintenance charges, power backup dues, etc. and Original NOC from the Association of the allottees of the project ("RWA") in which the subject unit is located to that effect, in case of existing RWA.

• Submission of a request letter in original, signed by all the Allottees/ transferor with their complete details [S/o.D/o.W/o_____ (with address)], issuing NOC for transfer in favour of transferee/buyer with full details [S/o.D/o.W/o_____R/o._________ (with address)]

• Submission of an undertaking in original, signed by the transferee (signed by all joint allottees) with their full details [S/o.D/o.W/o_____ R/o._________ (with address)], that they (transferee/s) would be liable to pay all the maintenance & fixed dues, from the date of issuance of NOC by the transferor Allottees.

• Original car parking usage letter(s) and storage/utility space usage letter(s) earlier issued in favour of transferor allottees at the time of possession.

• Original NOC from the loaning institute (in case the subject unit is mortgaged) or Loan Closure letter.

• Administrative charges with service tax (Kindly contact our customer care team for details)

Please Note: The NOC will be issued after three working days from the submission of all the above-mentioned requirements and the realisation of the payments made. The change in title in our records would be updated only upon receipt of a copy of the transfer memorandum for leasehold properties from the concerned authority. For other than leasehold properties, please provide a notarised photocopy of the sale/transfer deed.

Docs required in case of booking in the name of an individual(s)

• Self-attested photocopy of the PAN card or duly filled and signed Form 60, along with the address proof, in case you do not possess a PAN card

• Duly filled and signed application form.

• Booking amount payment in Indian Rupees

Docs required in case of booking in the name of the company:

• Memorandum and Articles of Association of the Company

• Original board resolution authorising the designated signing authority for signing relevant documents on behalf of your Company pertaining to the Unit

• List of Directors and Shareholders of the Company

• Attested photocopy of the PAN card of the Company

• Duly filled, stamped and signed Application Form

• Booking amount payment in Indian Rupees

Docs required in case of booking in the name of a partnership firm:

• Notarised photocopy of Partnership Deed

• List of partners of the Partnership Firm

• Attested photocopy of the PAN card of the Partnership Firm

• Duly filled, stamped and signed Application Form

• Booking amount payment in Indian Rupees

Addition/deletion/substitution of the name in the Allotment Certificate & Agreement can only be done within a family (defined herewith as Husband, Wife and their Children) and on completion of the documentation as mentioned below:

Requirements for Name Addition /Name Substitution

• Request letter for name addition/substitution, duly signed by all the allottee/s

• Signature verification by the bank of New & all old Allottee/s.

• Request letter on plain paper requesting the name addition/substitution from the person(s) desirous to be included/substituted in the unit as owner/co-owner

• An affidavit in the prescribed format (available for download at the link below) is to be submitted by all the old allottee/s. In the case of an Indian Resident, the affidavit is to be executed on Rs. 10/- non-judicial stamp paper, duly attested by a notary public. For NRIs, the affidavit is to be given on plain paper and duly attested & stamped by the notary public of the state/country in which they reside.

• Allottees' set of signed original Allotment Certificate & Agreement

• No objection Certificate from the loaning institution, in case the unit is mortgaged

• Administrative Charges with service tax (contact our customer care team for details)

• Self-attested pan-card/s of the new allottee/s or duly filled and signed Form 60 along with the address proof in case he/she do not possess a PAN card

• In case of Name addition/substitution to be done for any property booked at Eldeco Green Meadows, Greater Noida, then an additional affidavit in the prescribed format (Can be downloaded from the link below) is to be given by the new allottee(s) whose name is proposed to be added in the Allotment Certificate and Agreement.

Requisites for Name Deletion

• Request letter for name deletion, duly signed by the allottee (s) whose name (s) are required to be deleted.

• No objection letter duly signed by all the allottee/s whose names will continue in the Allotment Certificate and Agreement.

• An affidavit in the prescribed format (available for download at the link below) is to be given by the allottee whose name is being deleted. In the case of an Indian Resident, the affidavit is to be executed on Rs. 10/- non-judicial stamp paper, duly attested by a notary public. For NRIs, the affidavit is to be given on plain paper and duly stamped & attested by a notary public in the state or country where they reside.

• Allottees' set of signed original Allotment Certificate & Agreement.

• No-objection Certificate from the lending institution, in case the Unit is mortgaged.

• Signature verification by the bank of all allottees, i.e., all remaining allottees and the allottee (s) whose name (s) are required to be deleted.

• Administrative Charges with service tax. (contact our customer care team for details)

Please Note: All the pages of the affidavit are to be signed. Further, the affidavits should be completely typed, with all details provided, without leaving any blanks. In case any blanks are left and later details are handwritten, the allottee/s needs to necessarily countersign at all such places. The addition/deletion/substitution would be executed within 4 working days upon receipt of all the above documents and the realisation of payments.