Frequently Asked Questions

RERA is the Real Estate (Regulation and Development) Act, 2016. Every state has a RERA authority: K-RERA in Karnataka and TG-RERA in Telangana. Any project on more than 500 sq m of land, or with more than 8 apartments, must be registered with the state authority before the developer can advertise, market or sell it.

Registration means the developer has filed approved plans, land title documents and a committed completion date with a regulator. If something goes wrong, you have a fast complaint route that doesn't depend on the civil courts.

• Karnataka: search by project name or registration number on rera.karnataka.gov.in.
• Telangana: use rera.telangana.gov.in.

On the project page, check four things: the developer's declared completion date, the approved building plan, any complaints or court cases listed, and the quarterly progress updates. We share the RERA number for every project we recommend. If a listing doesn't show one, ask us before you visit.

Yes. Our Karnataka RERA agent registration number is PRM/KA/RERA/1251/310/AG/250917/006188. You can verify it in the registered agents section of the K-RERA website. Under RERA, only registered agents may facilitate the sale of registered projects.

Carpet area is the usable floor area inside your apartment's walls. It includes internal partition walls but excludes external walls, service shafts, your exclusive balcony and open terrace. RERA requires developers to sell on carpet area.

Super built-up area adds your share of lobbies, lifts, stairs and the clubhouse, so it can be 25–35% larger. To compare projects fairly, compare the price per square foot of carpet area.

Under Section 18 of RERA, if the developer misses the possession date in your agreement for sale, you can choose either of two remedies:

• Withdraw: get a full refund of what you paid, with interest.
• Stay: keep the booking and receive interest for every month of delay until handover.

You file the complaint with the state RERA authority. Separately, Section 14 makes the developer responsible for fixing structural defects reported within five years of possession, at no cost to you.

Under Section 13 of RERA, a developer cannot take more than 10% of the property cost as an advance or application fee until a written agreement for sale is signed and registered.

The exact booking amount varies by developer and project. Some ask for a fixed expression-of-interest amount at launch, others a percentage. We confirm the amount and its refund terms in writing before you pay anything.

Always pay by cheque or bank transfer to the account named in the developer's official documents. Never pay in cash, and never pay a developer's booking amount into an agent's account, including ours.

It depends on the cancellation clause in the developer's application form and agreement for sale. Many developers refund the full amount within a short cooling-off window. After that, they deduct a cancellation charge, often a percentage of the property value. Read that clause, or ask us to explain it, before you sign. Once the agreement is registered, cancellation terms must follow what it says.

Stamp duty and registration rates change, so get the current figure from the sub-registrar's office or your lawyer before you finalise your budget. Ask the developer for an all-inclusive cost sheet. We go through it line by line with you.

Yes, if the property costs ₹50 lakh or more and the seller is a resident of India. You deduct 1% TDS from each payment to the developer and deposit it online with the income tax department, then give the developer the TDS certificate. Car park, club and similar charges count toward the ₹50 lakh threshold.

If you buy a resale home from an NRI, the TDS rate is much higher and the seller usually arranges a lower-deduction certificate. Ask your CA before you pay.

Yes. Under FEMA rules, NRIs and OCI cardholders can buy residential and commercial property in India without RBI permission. They cannot buy agricultural land, plantation property or farmhouses, except by inheritance.

Payments must come through normal banking channels, either as a remittance from abroad or from your NRE, NRO or FCNR(B) account in India. Foreign-currency cash and traveller's cheques are not allowed. Keep the bank advice for every payment, because you will need it to send the money back abroad when you sell.

Yes. We arrange video site visits and send you the developer's documents to review. For the registration, you can appoint a family member or another trusted person in India under a Power of Attorney.

Sign the PoA at an Indian embassy or consulate, or have it apostilled, depending on the country. In Karnataka, a document signed abroad must be stamped within three months of reaching India. Your lawyer can draft the PoA so it covers exactly the purchase and nothing more.

Yes. Most Indian banks and housing finance companies lend to NRIs. You will usually need:

• your passport and visa or residence permit
• overseas employment proof
• recent salary slips
• overseas bank statements

EMIs are paid from your NRE or NRO account. Loan tenures for NRIs can be shorter than for residents.

Yes, within limits:

• Original investment: you can repatriate sale proceeds for up to two residential properties, up to the amount you originally paid from abroad or from NRE/FCNR funds.
• Anything above that: any gain, or money paid from your NRO account, can be sent abroad from your NRO account up to USD 1 million per financial year, after tax is paid and with a CA's certificate.

The RBI caps how much of the property value a bank can lend:

Stamp duty and registration usually aren't included in the property value for this calculation. For most premium apartments, plan to pay at least 25% of the price yourself, plus stamp duty, registration and the other charges above.

The bank releases the loan in stages as construction progresses, following the developer's payment schedule. Until the full loan is released, you pay interest only on the amount released, called pre-EMI. You can also ask to start full EMIs early to reduce total interest.

Most large projects are already approved by several banks, which speeds up the bank's legal checks. Ask us which banks have approved the project you're considering.

Under the old tax regime, for a home you live in:

• interest of up to ₹2 lakh a year is deductible
• principal repayment counts toward the ₹1.5 lakh investment deduction
• interest paid during construction can be claimed in five equal parts once you take possession

The new tax regime doesn't allow these deductions for a self-occupied home. Tax rules change with each Budget, so check with your CA which regime suits you.

No. For new projects we are an authorised channel partner, and the developer pays our fee. You pay the same price you would pay booking directly with the developer, and you get one point of contact for site visits, cost sheets, loan coordination and paperwork.

We work with developers including Prestige, Brigade, Sobha, Godrej, Embassy, Lodha and Abhee. Our focus is Bengaluru (Sarjapur Road, Whitefield, North Bengaluru and Central Bengaluru), with selected projects in Hyderabad. Browse current projects on our properties page.