FREQUENTLY ASKED QUESTIONS (FAQ)

This is where we answer the most common questions prospective customers might have.

Whom should I visit/speak to get more details of the projects ?

You can visit our offices at the project sites or at Fort which is our corporate office to get more details of our projects.

Alternatively, you can contact us on 9699261261 and talk with our customer relations executive to get the pertinent information. We would also be happy to have one of our sales executives visit you as per your convenience.

What are the advantages of booking apartments at our projects?

Assurance as we are guided by the Sanghvi legacy of 35 years of trust, quality and timely delivery, and to our credit we have 18,000 apartments sold.
Great layout of the projects, holistically designed by leading architects and executed relentlessly
Best-in-class outdoor amenities such as sports amenities, clubhouse, etc
Best-in-class branded fit-outs such as Jaquar, Godrej, Simpolo, Bajaj, Panasonic, etc
Great opportunity for investors – Easy entry and exit with no lock-in period
Commitment of timely delivery
Decent rate of appreciation on investment

Which home loan financer has approved your project?

Our projects are approved by major Banks, Housing Finance Companies, Leading Institutions and Microfinance Companies, such as HDFC, BOB, DHFL, Indiabulls, GIC Finance, Several Cooperative banks and leading Microfinance Companies such as HFFC, MHFC, Gruh, Muthoot and Mahindra Finance

Microfinance companies extend loans to salaried and self-employed individuals from the unorganized sector, i.e individuals not filing I.T. returns. Customers can also obtain relevant legal documents from us and submit the same to their preferred financiers.

NRI CORNER

The properties which an NRI can purchase in India:

As per the general permission issued by RBI, an NRI and a Person of Indian Origin (PIO) can purchase any residential or commercial property in India without any specific permission from RBI. However, an NRI is not allowed to buy any agricultural land, plantation property or farmhouse in India without specific permission from RBI.

RBI guidelines on home loan for buying residential accommodation:

RBI has given general permission to banks and Housing Finance Companies (HFCs) registered with National Housing bank to grant home loan to NRIs for the purpose of buying residential property in India. As per these guidelines, the loans to be granted to NRIs shall be on the same basis and criteria as those are applicable in case of Indian resident. This would include loan amount eligibility based on the income, tenure of the loan and the extent to which the lenders can finance purchase of residential property by NRIs. It may be noted that these loans shall be given in Indian rupees and shall also be repayable through same mode. It is interesting to note that as per the regulations, the amount of loan cannot be credited directly to bank account of the NRI and thus by implication should only be disbursed to the seller or the builder. In case where the NRI has already paid the consideration, the loan cannot be availed subsequently. The home loan to NRI shall be secured by equitable mortgage of the property which the NRI intends to purchase. The lenders are also allowed to accept any other assets as security in India.

Repayment of the home loan:

The home loan taken by NRIs from these banks/ housing finance companies can be serviced through various sources. Since the NRI is working outside India, it is always convenient for him to pay the EMI by way of remittances through the banking channels. The loan can also be serviced out of the funds lying in his credit in any of the banking accounts like his NRE account, of his FCNR deposits. Even the home loan taken by him can be repaid out of the funds lying in his NRO account. The RBI even permits the rental incomes received on such property to be used for the purpose of servicing of the EMIs.