| 1. |
I am a resident of Chennai, I want to purchase a property (on-going project). What is the procedure? |
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You have to contact and meet our sales / marketing executives in our office and they would be glad to help you out with the booking procedures for the property you have chosen. (Or) |
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You can leave your contact information and required project queries in our website enquiry or to our E-mail id info@mkv-group.com and our executives will contact you for the procedures. |
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2. |
I am an NRI, I want to book a property, so how do I go about doing it" |
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The following are the basic procedures for an NRI Client. |
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A Non Resident Account should be opened in a local bank in India preferably in Chennai city. |
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Power of Attorney |
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When NRI client is in India at the time of Power registration. |
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A power of Attorney should be given to someone residing in Chennai city and the same should be registered. |
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When NRI client is not in India at the time of Power registration. |
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A draft power of attorney will be e-mailed and the same should be duly signed & notorized by the Indian Embassy of that country and the same should be couriered back to India. The document would be then registered in India. |
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All the payments, including the booking advance shall be done through the Nonresident bank account only by way of Cheque / Demand Draft / Pay order in favour of "M.K.V Builders". |
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The booking procedures will be explained by our executive over phone or by E-mail. The local power agent should fill in and sign the required applications & forms. The draft of the application and forms will be e-mailed before signing the same by the power agent. |
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3. |
Terms & Conditions for booking if any? |
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The terms & conditions for booking varies from project to project, hence it would be explained only upon choosing a particular project. |
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| 4. |
Mode of Payment & Payment Schedule? |
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(i) For Resident Indian : |
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The mode of payment shall be by Cash / Cheque / Demand Draft / Pay Order. |
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(ii) For Non Resident Indian: |
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The mode of payment shall be only by way of Cheque / Demand Draft / Pay Order and to be made through a local Non Resident Bank Account. |
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The payment schedule varies from project to project, and it would be given only upon choosing a project. |
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5. |
Can I make any changes in the building specifications / plans that you have mentioned? |
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The specifications and plans can be changed subject to certain terms & conditions. The extent of changes permissible also depends upon the type of project and stages of construction. |
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6. |
Is there any discount on the price mentioned? |
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Discounts can be worked out depending upon the volume of purchase and payment terms. |
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7. |
Do you arrange for Bank Loans? |
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Yes, we can arrange for bank loans since we have tie up with certain banks. |
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8. |
Do you provide any other service like insurance etc? |
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Yes, we have tie ups with insurance companies and can arrange for the same upon request by our clients. |
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9. |
What would be the resale value of my property? |
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The resale value depends upon the type & location of the property. It also depends upon other factors such as time period of resale, specifications of property, maintenance of property and land component appreciation of property. |
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| 10. |
Time duration for a project? |
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The time duration for a project depends upon the size and type of the project. |
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| 11. |
For home loans, what are the papers required for Resident Indian / NRI. |
| Documents required for home loans :- |
| FOR RESIDENT INDIAN |
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Last 3 months pay slip. |
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Copy of appointment letter if current employment is less than 3 years. |
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Last salary revision letter if any. |
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Last year Form 16. |
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Bank statement for the last 6 months where salary is being credited. |
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Copy of PAN Card. |
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Copy of passport / Ration card / Driving licence. |
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Copy of employment ID card. |
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One passport size photograph. |
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Copy of updated resume indicating your various employment stints. |
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One cheque leaf for processing fee as applicable by the loan issuing bank. |
| FOR NON RESIDENT INDIAN (U.S.A) |
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Latest 4 months pay slips. |
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Latest 6 months bank statement from salary credit account and your NRI account statement. |
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Age I.D and Address proof (Passport and latest Visa Copy) |
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Latest increment letter if any. |
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Duly filled application form. |
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Latest INCOME TAX Form (w2) |
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Credits check report with score. |
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Latest passport size photograph. |
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Appointment order or Deputation Letter. |
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Duly filled, signed and notorized PAO (Power of Attorney) in loan issuing bank format. |
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Resume for your previous occupational history. |
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On cheque favouring loan issuing bank from local NRI Account. |
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