Over the years, Akshaya’s sterling practices and policies have redefined standards in the real estate space. Clear tile deeds, strict adherence to norms, timely delivery, and construction quality form the DNA of the organization. Total transparency is the key in every activity, be it in documentation, clear title deeds or agreements. This business ethos has earned us pride of place among customers. And won us numerous awards. We are the proud recipient of the CNBC /CRISIL Award for Best Legal Systems, two years in a row, 2007 and 2008.
Outlined on this page are the various legal procedures that we adopt to make your purchase process truly smooth and hassle free.
Legal Procedures adopted at Akshaya while booking a Flat.
- Booking Form. –Sample Booking Form. The completed booking form is accepted only with the initial payment
Click below to download a sample Booking Form.
- On acceptance of Booking Form, an Allotment Letter is issued by Akshaya setting out the terms and conditions of Akshaya.
Click below to download a sample Allotment Letter.
- Along with the Allotment Letter a Document Book pertaining to the given Project is furnished to the Purchaser. The Document Book consist of the following:
a. Legal Opinion on the Project.
b. Copies of the Title Deeds including parental document till the latest sale deed.
c. All revenue records including Patta, Chitta, and Adangal.
d. Updated EC
e. Copies of the Power of Attorney executed in favour of the Developer.
f. FMB Sketch, and Village map pertaining to the subject property.
g. Copies of Approvals, Planning and Building permits.
h. Soil and Water test reports.
i. Stability certificate.
j. Scheme drawings for the proposed Development.
k. Area statement/UDS statement of the development which includes the following:
a. Individual flat area or Commercial space as the case may be.
b. Common area,
c. Amenities area,
d. Percentage of UDS share,
e. Parking lot
The above statements will be Block wise, and separate for apartments, Convenio and Club House.
- Salient features in our agreements:
1. Clear description of the parties executing the agreements.
2. Clear devolution of title to the property which is to be conveyed.
3. The sale consideration and payment schedules –clearly spelt out.
4. Time for completion and date of delivery-clearly spelt out.
5. Compensation to the customer in the event of delay by builder.
6. Interest payable by the customer in the event of belated payments.
7. Consequences of cancellation in the event of breach & non payment.
8. Commitment of strict adherence to the various approvals.
9. Indemnity to customer on account of deviation, defect in title & defects liability period.
10. Maintenance & enjoyment of amenities and common areas clearly spelt out.
11. Demarcation of the built up area and carpet area.
12. Timely handing over of project.
13. Uniform agreement clauses in all agreements.
14. Exclusive terrace rights and usage.
15. Clear demarcation of car parks and identification of common amenities.
16. Payment of assignment fee in the event of transfer.
17. Binding clauses on successors in title apart from tenants and occupiers.
18. Formation of association and payment of corpus and maintenance fee.
19. Detailed specifications.
20. Demarcation of site, apartment, car park, etc.
- Salient features in sale deed:
1. Clarity in sale deed as to whom are the parties executing it.
2. Clear devolution of title.
3. Total consideration spelt out.
4. Conveyance of clear title to buyer.
5. Conveyance of encumbrance free property.
6. Indemnity of the builder to buyer.
7. Payment of all statutory liabilities and undertaking to pay if any.
8. Common area enjoyment rights.
9. Mutation in Govt. records.
10. Conveyance of legal possession.
11. Undertaking to produce original title deeds for verification.
- The Allotment Letter is valid only for 30 days, within which the following Agreements are executed.
a. Agreement for Sale.
b. Construction Agreement
c. Amenities Agreement
d. Agreement For Common Areas, Private Open Terrace, Amenities And Car Parks
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