1.What are Transformer & Cabling charges?

A, Charges and expenses incurred towards procuring transformer, sub-station, electricity connection HT/LT and laying of cables for the building complex.

2.What are Legal/Documentation and professional charge?

A, Legal/Documentation and professional charge incurred for preparation of Agreement for sale and the Deed of conveyance and/or transfer deed in respect of the said Flat/Unit including all other deeds, documents and instruments as may be necessary and/or required.

What is Municipality Deposit?

A, This is a refundable deposit obtained from the buyers to ensure mutations of flats are caused by buyers. In the event the mutation is caused by the buyer, the entire deposit is refunded to the buyer. In the event the mutation is not done then municipal taxes accrued in respect of the flat is paid out of the deposit money.

4.What is Sinking Fund?

A, Sinking Fund is a fund created for upgradation of services from time to time and in connection therewith various costs which are to be incurred including capital costs which may have to be incurred for the purpose of repairs and/or replacement of the various equipments and/or installations.

5.What is Generator connection charge?

A, Generator connection charge is taken to provide power backup in the individual units.

6.What is Maintenance charge?

A, Maintenance charge shall include the proportionate share of charges/expenses in maintaining all the facilities and amenities comprising the general common elements irrespective of use/availability.

7.What is Club maintenance deposit?

A, Deposit provided by the buyers for maintenance and upkeep of the Club, if any in the Project.

8.What is Association formation fee?

A, Costs and charges for formation of association.

9.What is Nomination/Transfer charge?

A, Nomination/Transfer charge means the charge that is levied on any transfer/assignment/nomination by the Purchasers of the said unit before the Deed of Conveyance is executed by the Develope