This page answers some of the most common questions concerning
Aguada Anchorage:
The
process of buying is very simple.
-
Decide on an available lot. A U.S. Holidays Realty
or Resicom Homes advisor will arrange for an Agreement
of Sale to be sent to you by courier.
-
Within
7 days you must sign the contract in the presence of a
Notary and return the agreement back to Goa with a wire
transfer of 225,000 Rupees (Approx. UKŁ2800). Failure to do
this within 30 days can result in your selected lot being
sold to someone else.
-
Within 30
days you need to send the balance of the 20% initial deposit to
Goa. Construction will commence of receipt of the full 20%
-
25% is payable
on the casting of the 1st slab
-
25% is payable
on completion of the masonry
-
20% is payable on
completion of electrics and plumbing
-
10% is payable at
closing
Before every instalment, a
certificate from the Resicom Homes Architect will be sent to you certifying the
completion of the relevant work.
Most people buy in cash
or by refinancing their primary homes. Many banks and financial institutions
can assist you. If you are a non-resident Indian, Resicom Homes can refer
you to General Insurance Company Housing Finance packages.
All licenses for
construction have been acquired by the developers on a phase by phase basis.
You do not need to do anything.
The
contract for the purchase of your villa with be with Resicom
Homes PVT Ltd. U.S. Holidays Realty are the exclusive global
sales and marketing agency for Resicom and will act as an
unbiased intermediary to assist you in your every aspect of
your purchase. We have our own attorney in Mumbai, India who
will, for a fee, oversee your purchase from contract to
completion.
No.
There is no charge for U.S. Holidays' services to you. You
pay only the builder for the property you are buying, and an
attorney, if you require one, for any legal services
relating to your purchase. We are
commissioned by the developer as an independent licensed
broker. (Licence #1013664,
Division of Real Estate, Florida, USA).
At the
time of sale deed, there will be stamp paper (also referred
to as stamp duty in some countries) and registration charges
imposed by the Indian Government to convey the proportionate
share in the property in your favour, plus lawyers fees for
the paper work, appointment with the sub Registrar and the
registration of the sale document. This will be at a
cost of approximately US$1500 (plus or minus 20% depending
on the prevailing rate at the time of closing) per
property.
Other costs
are a new 3.5% service tax imposed by the Indian Government
in the 2005 budget for all new villas and construction.
There are also legal fees to
oversee all the interim documentation if desired. We have
negotiated a special rate of US$1,000
with an attorney in Mumbai, India for all purchases at Aguada Anchorage. This is not compulsory but we do advise
that you take advantage of this facility for your peace of
mind.
Gated entrance, fenced
community exterior walls, on-site security, activity/games room, swimming
pools, tennis courts, commercial center, and place of worship.
Each villa is custom
designed and planned. Once you place your initial deposit within 30 days of
signing the contract, construction will begin. Delivery of your villa will
be within 12 to 18 months from that date.
The builders and
developers have used their purchasing power to put together a comprehensive,
carefully planned, brand name furniture package which is included in the
price. This includes all appliances and cabinets.
The developers have
floated a Property Management company exclusively for Aguada Anchorage. This
company will look after every aspect of your property and the communal
areas, which will be funded by the Home Owners Association fee (commonly
known as rates in the United Kingdom). Further information can be found by
clicking here.
The running costs
include US$100 per annum for real estate taxes, US$300 per annum for
electricity, US$50 per annum for water, US$100 per month Home Owners
Association dues, miscellaneous maintenance charges, and management fees.
Yes there are. The
builder will provide you with FREE fire and theft insurance (while home is
occupied) for one year and
will also pay your Home Owners Association dues for the first year. These
offers can be withdrawn at any time and without notice.
The property is
freehold with clear and marketable title. Indian real estate rules and
regulations award you a proportionate land holding of the entire community
and full ownership of the dwelling (the villa).
The Agreement of Sale
is the legal document that awards you ownership from the builder and
developer. This document is legally notarised on stamp paper and awards you
full legal ownership. At the time of closing, your name is recorded with all
the relevant utility companies and tax offices.
Yes you can. India is a
developing country that has made great strides in recent years. Due to this,
the rules and regulations are constantly in review with a steady path
towards liberation of international trade restrictions. The Aguada Anchorage
management company will advise you of the best options at the time you wish
to sell.
No, you do not. In
fact, if you are not an Indian National or a Person of Indian Origin, it is
advisable to sell your property to a foreign investor outside India to avoid
Corporation Tax and the complicated foreign exchange rules applicable to
sale of real estate in India. These rules are far more relaxed for Indian
Nationals. Whoever you appoint to act as your estate agent when you wish to
sell will advise you on this.
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