frequently asked questions
EMI CALCULATOR

We have put together answers to a few questions that must be at the top of your mind right now. Feel free to contact us in case of any query.

1. What should you keep in mind while investing in an apartment? There are many factors that need to be considered before buying your dream apartment. They include:

  • Locality, transport, ease of commuting, public facilities, parks and other recreational facilities, schools, shops, business centers, easy access to airports, railway stations, and bus depots, pollutions levels etc.
  • Cost of the apartment which suits your budget and includes price, stamp duty, registration charges, transfer fees, monthly outgoings, cost of utilities, society charges etc.
  • Quality of construction
  • Water and electricity availability
  • Reputation of builder
  • Quality of construction
  • Certification from city or municipal authorities
  • Rental value
  • Potential for resale

2. What is the Northstar difference?

Northstar has three business verticals – Northstar Homes: We are a premium real-estate company with a large number of prestigious projects that have redefined the landscape of Hyderabad and Secunderbad. Northstar Elements: All your design dreams can come true with Northstar Elements. We use the world’s leading project management system to completely refurbish your residential/commercial system to provide you those dynamic interiors you dreamt of. Northstar Technical Services: We are skilled professionals who provide MEP projects on a turnkey basis.

3. What are the unique features of Northstar Homes?

Northstar believes in redesigning the spaces where we work and play. The USPs of our projects are their unique designs, sustainable green environments, pleasing surroundings, and high-quality construction. Our residential and commercial buildings are spacious to live in, complete with balconies and terraces, and every other amenity required for comfortable modern living. All our projects have clear titles and are certified by city and municipal authorities. Loans can be availed from all major banks as our track record for excellence has been widely recognized by all. We provide high-quality work as per specifications and also focus on excellent customer sales and after-sales support. Northstar Homes are known for pioneering designs and delivering on-time possession of homes.

4. How long has Northstar Homes been in business?

Northstar came into being in 2012 and we are a three-year young company. But the three years have been an extraordinary experience with the company pioneering transparent, reliable, and high-quality practices to provide customers living spaces with a difference. We have developed more than 10 retail and commercial projects, which have redefined the way our customers work and play. The double-road concept to the retail-residential spaces, we have created a niche for ourselves in real estate. We have been awarded the “Best Emerging Developers of India, 2015” by Silicon India.

5. What are the services provided by Northstar Elements?

Northstar Elements provides complete design solutions for your real estate. Our construction and renovation services include flooring, painting, carpentry, electrical, plumbing, false ceiling and more. We use the industry’s leading project management services to provide you with your dream space within the given schedule and budget. Our unique design team ensures a smooth workflow with your active participation to complete your interiors on time.

6. Can we avail a home loan? What is the documentation required to avail a home loan?

Yes, you can avail a home loan. We have approvals from:

  • State Bank of India
  • Axis Bank
  • ICICI Bank

The documents required for a home loan include:

  • Passport-size photograph
  • Address proof
  • Appointment letter/contract letter/promotion letter of the organization you work in
  • Latest salary slips (4 months)
  • Bank statement of the last 6 months
  • Administrative-fee cheque favoring the bank
  • Any other document specified by the bank

7. What are the documents verified while registering your property?

The documents that are verified include –

  • Approved plans
  • Title certificate of current date from advocate
  • Copy of IOD/commencement certificate
  • Stamp duty paid receipt
  • Demand draft for payment of registration fees
  • Property card with information about CTS Number of plot
  • PAN cards (sellers and buyers)
  • Khata extract

8. How to verify the authenticity of various documents submitted by the seller?

The approved plans can be verified from the corporation or any office that sanctions the plans. You also need to confirm the ownership documents of the seller or builder from the sub registrar’s office. The society share certificate can be verified from the building society.

What is the difference between a Sale Deed and Title Deed?

SALE DEED

  • A Sale deed is a document which transfers immovable property like land, house, apartments or any structure to another person.
  • The Sale deed is registered compulsorily except in case of certain cooperative societies where the exception are provided
  • It is liable for stamp duty and the value differs from state to state and other factors like age of the building, location, type of unit etc.

TITLE DEED

  • The Title deed is a document which proves a right of the person over the immovable property.
  • A sale deed, release deed, gift deed, relinquishment deed, family settlement deed, partition deed and the will are all Title deeds.

9. What is a building completion certificate?

A building completion certificate is the final document granted by the plan-sanctioning authority, and certifies that all acts necessary in connection with the construction of the building are complete.

10. What is an occupancy certificate?

The occupancy certificate is granted by the plan sanctioning authority once the building is complete and ready for living. The building is certified once it is verified that all the construction has been carried out in accordance with the plans. The property comes into being and the taxes are levied from the date when occupancy certificate is issued. The builder cannot hand over possession unless and until the occupancy certificate is issued to the buyer.

11. How to register your property?

The property document should be registered after the original document and the copy of the same is presented by the seller in presence of the sub registrar. The seller and the buyer should be present in front of the sub registrar who admits the execution of documents. The registrar will return the original document to the buyer after making enquiries about the project. It has to be noted that without proper registration, you cannot sell the property. A registered document is the authenticity and guarantee of the ownership over the property.

12. Can a Power Of Attorney be issued to someone else to register the document?

Power of Attorney is the authorization provided by the property owner to someone, through whom the owner transfers the power and rights to deal with the property. By executing the Special Power Of Attorney, the property owner can transfer his right to register the property to someone else.

13. What are the taxes that you need to pay at the time of registering the property?

The taxes that need to be paid includes –

  • TDS or tax deducted at source on amount exceeding 50 lakh for the purchase of immovable property. This also includes agricultural land. The TDS is submitted in the name of the seller.
  • Stamp Duty on registration.
  • If the property is purchased by the builder before construction of the project and is offering possession to the buyer, then service tax is applicable.
  • VAT/ Value Added Tax

14. Can NRIs invest in real estate?

NRIs can invest in real estate subject to certain regulation. It includes –

  • Immovable property should not be agricultural land, farm house or plantation property.
  • Any immovable property can be possessed by the NRI if it is a gift from an Indian resident, person of Indian origin or an Indian resident residing outside India.
  • He can transfer agricultural land, farm house or plantation property to any resident by gift.
  • He can also transfer residential property or commercial property by means of gift to any person of Indian residence, person of Indian origin or an Indian resident currently residing outside India.