Frequently Asked Questions
Question about Bombay Urbans
We provide services free of cost, from starting to end go through every positive and negative prospect of the properties so your lifetime earnings should invest on right property.
Our services are available across 4 cities across India, namely Mumbai, Delhi, Pune and Bangalore
We list a range of residential real estate properties including apartments, villas and plots through our web and mobile platform. Our listings include everything from new, resale, under construction and upcoming properties.
We have a dedicated customer care service team, which is available at your service seven days a week from 8:30 am to 7:30 pm. You can call or mail customer service.
To buy a property through Bombayurbans.com , you need to follow the following steps:
- Check out our website
- Select the property that meets your criteria and drop an enquiry for the same.
- Go on a site visit of the selected property with our property experts.
- Close the deal- We handle all legal paperwork, arrange home loans (if needed) and manage all documentation work with the builder and the bank.
You would receive a call back from us within 10-15 minutes of placing your enquiry with us, provided you have posted your requirements between 9am and 10 pm. Otherwise, we would be reaching you the next day
Yes. We have tie-ups with some of the leading banks in the country such as the HDFC Bank, the ICICI Bank, the Axis Bank, LIC India, Bank of Maharashtra, Indiabulls and PNB.
Question about property's in India
The real estate market in India is generally considered to be robust, with both commercial and residential properties in high demand. However, the market can be volatile and subject to fluctuations due to various economic and political factors.
To buy a property in India, you will need to identify a property that meets your requirements and budget, conduct due diligence on the property and the seller, and complete the necessary legal formalities, such as drafting and signing a sale agreement and registering the property with the local authorities.
Taxes associated with buying a property in India may include stamp duty, registration fees, and Goods and Services Tax (GST). The specific amount of taxes may vary depending on the location and value of the property.
Yes, NRIs are allowed to buy property in India, subject to certain restrictions and conditions. However, they may need to obtain approval from the Reserve Bank of India (RBI) and comply with other legal requirements.
Common types of property ownership in India include freehold, leasehold, and joint ownership. Freehold ownership gives the owner complete ownership and control over the property, while leasehold ownership grants the owner the right to use the property for a specified period of time.
Financing a property purchase in India may involve taking out a home loan from a bank or other financial institution. To be eligible for a home loan, you will need to meet certain criteria, such as having a steady income and a good credit score.
Common issues faced by property buyers in India include fraudulent sellers, disputes over ownership and titles, delays in construction and possession, and violation of building regulations. It is important to conduct due diligence and seek professional advice to avoid such issues.
Question about Area
Carpet area refers to the actual usable area of a property, excluding common areas such as lift, lobby, staircase, etc. It is the area on which the carpet can be laid.
Built-up area includes the carpet area of a property plus the area covered by the walls, balconies, and other areas such as the utility room.
Super built-up area is the built-up area plus a proportionate share of the common areas of the building such as the staircase
Plinth area refers to the area covered by the building at the plinth level, including the thickness of the walls.
Saleable area is the area of a property that is available for sale, which includes the built-up area and a proportionate share of the common areas of the building. It may also include other amenities such as parking spaces, balconies, and terraces.
The loading factor is the percentage of the super built-up area that is added to the built-up area to arrive at the super built-up area. The loading factor includes the common areas of the building and amenities such as parking spaces, gardens, and swimming pools.
FSI or Floor Space Index is the ratio of the total built-up area to the area of the plot on which the building is constructed. It determines the maximum permissible built-up area of a property based on the size of the plot.
TDR or Transfer of Development Rights is a mechanism in which the development rights of a property can be transferred from one owner to another. It allows the owner of a property to sell their development rights to a developer who can use them to construct additional floors or build on another plot.
Land use classification refers to the classification of land based on its intended use, such as residential, commercial, industrial, agricultural, or recreational. It determines the permissible activities and the applicable regulations for a particular area.
Question about Documents to be check before buying
The important legal documents to be checked before buying an apartment in India include the sale deed, building plan approval, occupancy certificate, completion certificate, property tax receipts, and title deed.
A sale deed is a legal document that confirms the sale and transfer of ownership of a property from the seller to the buyer. It contains details about the property, the parties involved, the purchase price, and other terms and conditions of the sale.
Building plan approval is a process in which the building plan submitted by the builder or developer is reviewed and approved by the local authorities. It ensures that the building is constructed as per the approved plan and complies with the applicable building regulations.
An occupancy certificate is a legal document issued by the local authorities that certifies that a building is safe and fit for occupancy. It is issued after the building has been constructed as per the approved building plan and complies with the applicable building regulations.
A completion certificate is a legal document issued by the local authorities that certifies that the construction of the building has been completed as per the approved building plan and complies with the applicable building regulations.
Property tax receipts are documents that confirm the payment of property tax by the owner of the property. They are important to verify whether the property has any outstanding property tax dues.
A title deed is a legal document that confirms the ownership of a property. It contains details about the property, the parties involved, and the history of ownership transfers. It is important to verify the title deed to ensure that the seller has the right to sell the property.
To verify the legal documents of a property, it is advisable to consult a lawyer or a legal expert. They can review the documents and advise whether they are authentic and comply with the applicable laws and regulations.