About Us

Generally, banking finance institutions pay around 75 to 85 percent of the cost of the property bought. The remaining 20 % of the amount is paid up front, which is popularly known as the down payment.

It is illegal to put residential properties to commercial use. However, service-based industries are allowed to operate from residential areas, on the condition that they will vacate the property if any complaint is received from other residential owners.

Before purchasing property from a company, it is necessary to verify with the Registrar of Companies that the property is not mortgaged or is not being used as a security against a loan, otherwise it is not considered a freehold property.

Legally, the actual area owned by the individual is the basis for calculation of maintenance charge.

Co-operative Housing Societies have a statutory obligation to collect a Sinking Fund. This is done so that in case the building needs to be repaired or reconstructed in the future, the society has sufficient funds to carry out the work. The amount to be contributed is decided by the General Body of the society; it should be at least ¼ percent per annum of the cost of each apartment, excluding the cost of the land. This fund may be used after a resolution is passed at the General Body meeting with the prior permission of the Registering Authority. This could be to carry out reconstruction, repairs, structural additions or alterations to the building as the architect thinks is required and certifies.

The price that a property can command in the open market is known as its market value.

Generally the documents required to processing your loan application are almost similar across all the banks, however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application: Age Proof Address Proof Income Proof of the applicant & co-applicant Last 6 months bank A/C statement? Passport size photograph of the applicant & co-applicant Salaried Individuals Salary slip/Form 16 A. A photocopy of the first and last pages of Ration card or copy of PAN/Telephone/Electricity bills. A photocopy of Investments (FD Certificates, Shares, any fixed asset etc. or any other documents supporting the financial background of the borrower. A photocopy of LIC policies with the latest premium payment receipts (if any). Photographs (as applicable). A photocopy of bank statement for the last six months. Self-Employed/Businessmen A brief introduction of Business/Profession. Balance Sheet, Profit and Loss account and statement of income with Income Tax returns for the last 3 years certified by a CA. A photocopy of Advance Tax payments (if applicable). A photocopy of Registration Certificate of establishment under shops and Establishments Act/Factories Act. A photocopy of Registration Certificate for deduction of Profession Tax (if applicable). Bank statements of Current and Saving accounts for the last 6 months. A photocopy of Certificate of Practice(if applicable). A photocopy of any bank loan (if applicable). A photocopy of the first and last pages of the Ration card or a copy of PAN/Telephone/Electricity Bills. A photocopy of LIC policy (if applicable). A photocopy of LIC policy (if applicable). If a flat is purchased from the builder Original copy of your agreement with the builder. 7/12 extract or property register card of the land under construction. Index II extract of your agreement with the builder. Copy of N.A. permission for the land from the collector. Search and title report (with the details of documents) for the last 30 years. Development agreement between the owner of land and the builder. Copy of order under the Urban Land Ceiling Act. Copy of building plans sanctioned by the competent authority. Commencement certificate granted by Corporation / Nagar Palika. Building completion certificate(if available). The latest receipts of taxes paid. Partnership deed or memorandum of association of the builders firm. If the property is being purchased is in a Cooperative Society Original share certificate of the Society. Allotment letter from the society in your name. Copy of the lease deed, if executed. Certificate of the registration of the society. Copy of the bye-laws of the society. No objection certificate from the society. 7/12 extract or property register card in the society’s name. Copy of N.A permission for the land from the collector. Search and title report(with the details of documents) for the last 30 years. Copy of order under the Urban Land Ceiling Act. Copy of the building plans sanctioned by the competent authority. Commencement certificate granted by Corporation / Nagar Palika. The latest receipts of taxes paid. Original Agreement to assign / Deed of assignment. If constructing on own land Original sale deed of land and extract of Index II. 12 extract or property register card in your name. Copy of N.A. permission for land from the collector. Search and title report (with the details of documents) for the last 30 years. Copy of order under Urban Land Ceiling Act. Copy of the building plans sanctioned by the competent authority. Building permission granted by Corporation / Nagar Palika. The latest receipts of taxes paid. Estimate of cost of construction certified by the architect.

Founded in 2011 by dynamic business leaders, Propinvesta Pvt. Ltd. has helped more than 10,000 people find their dream homes through the efforts of more than 500 of our dedicated employees. Our commitment towards assisting people in their home buying process has been encouraged with generous investments from investors like Saif Partners, Accel Partners and News Corp.

Our services are available  in Gurgaon, and Delhi NCR

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.

To buy a property through propinvesta.com , you need to follow the following steps: Check out our website or mobile application 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.

Yes, We provide home load services.

Registration of a property includes necessary stamping and paying of registration charges for a sale deed and getting it recorded at the sub-registrar’s office of the concerned jurisdictional area. If a property is purchased from a developer directly, getting it registered amounts to act of legal conveyance. In case the purchased property is a second or third transaction, it involves a duly stamped and registered transfer deed. Nowadays, property registration process is computerized in most states.

Power of Attorney allows a person to authorize another person the right to make decisions regarding the person’s assets, finances and real estate properties. There are two types of power of attorney. First, the ‘General Power of Attorney’ where a property owner confers ‘general’ rights. The rights include but are not limited to sell, lease, sub-lease etc. The second one is the ‘Special Power of Attorney’ where only a specific right is given by the owner to the chosen person.

Home insurance is a type of insurance policy that covers private residences and protects them from unpredictable damages, natural or man-made disasters, burglary and theft.

Home insurance policies cover the house structure as well as its contents or possessions. Many insurance policies also combine various personal insurance features too.

Yes, lending institutions allow you to prepay your loan. However, these institutions may charge early repayment penalties, which may vary from 2 to 3% of the outstanding principal amount.

It depends from one bank to another. Some banks ask for 1-2 guarantors

It is generally advantageous to go for a home loan as it helps you in availing tax benefits. However, please consult your CA or tax advisor to discuss the advantages and disadvantages in your case.

In a majority of the cases, the property to be purchased itself becomes the security and is mortgaged to the lender till the entire loan is repaid. A number of lenders may ask for additional security such as life insurance policies, Fixed Deposit receipts and savings certificates.

Generally, banking finance institutions pay around 75 to 85 percent of the cost of the property bought. The remaining 20 % of the amount is paid up front, which is popularly known as the down payment.

The interest on home loans is usually calculated either on monthly reducing or yearly reducing balance. In some cases, daily reducing method is also adopted. Annual reducing: In this system, the principal, for which you pay interest, reduces at the end of the year. Thus, you continue to pay interest on a certain portion of the principal that you have actually paid back to the lender. This means that the EMI for the monthly reducing system is effectively less than the annual reducing system. Monthly reducing: In this system, the principal, for which you pay interest, reduces every month as you pay your EMI. Daily Reducing: In this system, the principal, for which you pay interest, reduces from the day you pay your EMI. EMI in the daily reducing system is less than the monthly reducing system

You have to submit the following documents: Proof of Identity: PAN, Driving license, Voter ID, Aadhar Card Proof of Income: Salaried Applicants: Latest 3 Months salary slip showing all deductions and Form 16 for the last three years. Self Employed Applicants: IT returns for the past 2 years and computation of income for the last 2 years as certified by a CA Bank Statement: Past 6 months Guarantor Form (Optional)

The general eligibility conditions are as follows: The borrower should be a resident of India or an NRI Above 24 years of age at the beginning of the loan Below 60 years (65 for self-employed) or retirement age when the loan matures

Yes. One can avail a pre-approved loan from a housing financial institution or a bank.

Under the Pre-EMI option, the borrower is required to pay only the interest on the loan amount that will be disbursed as per the progress on construction of the project. The actual EMI payment starts after the possession of the house.

EMI or Equated Monthly Installment is a fixed amount paid by you to the bank on a specific date every month. The EMIs are fixed when you borrow money from the bank as a loan. EMI’s are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid to the bank with interest.

Home loan is the money borrowed from a bank or a housing finance institution on interest for buying / constructing / upgrading a residential real estate property.