logo logo

How to get home loan?

You need to approach a Housing Finance Company (HFC) / Bank with the latest salary slip and other relevant documents of yourself and your co-applicant, if any. The concerned officer of HFC/Bank after going through the details of the documents will informally tell you the loan amount you are eligible for and the terms of the same. Thereupon, you need to submit the prescribed application form along with the necessary documents. On receipt of the application form, the HFC/bank examines it, seeks clarification wherever necessary and conveys its decision to you. You are advised to visit more than one Housing Finance Company / bank since you are likely to get better terms/ larger loan amount at the discretion of the bank. 


A person is having more than one flat in a building. Is his voting rights in proportion to his stake?

Ours is a registered Association (Societies Act)  and we are collecting the maintenance charges equally irrespective of the fact whether it is a two or three bed room flat or of the UDS area. 
This decision is taken in our G.B. Meeting because of the fact that the maintenance is collected for keeping the Security personnel, cleaning and lighting the common area, purchase of water when yield from bore wells are not sufficient and pumping water from bore well to sump and from sump to OH tank. 
We are providing 24 hours uninterrupted water supply. We wish to know whether any mention is made in the act regarding collection of maintenance charges.

The legal grounds under which a defaulting tenant can be vacated: is that if any tenant   guilty of an act or conduct which is nuisance to other occupiers of the portions in the same building or buildings in the neighbourhood can be forced  to vacate as per prevailing law.
In our case, one among eight owners (residents) is willfully creating a nuisance by the way of additional burden to remaining residents (owners or their tenants) by not sharing the expenses towards common facilities but continuing to enjoy all the common facilities.

Can the Customer, after executing agreement, by a simple letter authorize the Company to present the same for registration before registrar?

In case of non compliance of the provisions of this Act, what are the consequences?

Whether the Karnataka Apartment Ownership Flats( Regulation of the Promotion of constructions, sale and management and Transfer) Act, 1972 is in force ?

For what purposes housing loan can be availed?

What is defect liability period? What do you mean by guarantee and warranty period?

When the builder will hand over the project to the owners association and what documents builders are supposed to give?

When a project is called a “Completed Project”?