Salient Features

• Clear title.
• Approvals from statutory authorities.
• No deviation from approved plans.
• On time completion.
• No hidden costs.
• Transparent policies regarding pricing, payments, etc. Draft agreements available on website. Rights and obligations of builder and purchaser clearly specified in agreements.
• No escalation clause for payments.
• Ease of dealing with professional, reputed builders with 40 years track record.
• Easy access to customer relations team to address queries and grievances.
• Assured delivery of promised amenities.
• Quality construction with inbuilt features for fire safety and structural stability.
• No commercial activity in the project.
• Easily recognizable branded materials used for construction.
• Can complete the entire transaction of booking, payments and sale deed from anywhere in the world.
• Assured water supply.
• Proper maintenance of completed projects.

Modi Properties is providing a certificate of guarantee at the time of completion/ possession of each flat/villa. The guarantee is against construction defects for a period of one year. The structure is guaranteed for 15 years. Thereafter, services will be provided through our construction team to our customer on chargeable basis.

We are giving an opportunity to each customer to point out construction defects before taking possession of their flat/villa. Such defects are being corrected before handing over possession. In several projects CP fillings, sanitary ware, sinks, electrical switches and wires, door locks, etc., are guaranteed by our vendors and they will be repaired or replaced by them.

The title of all our projects is clear and vetted by our lawyers and the sanctioning authorities. Most leading banks have also vetted and approved the title of our projects. After booking the villa/flat a set of title documents shall be provided to the purchaser upon request. For any further details you may write to our customer relations team cr@modiproperties.com

Yes you can sell your flat or villa to any third party. However, all dues to the builder like sale consideration, registration charges, taxes, corpus fund, etc., must be cleared before the transfer. The builder will execute and sale deed directly in favour of the transferee.

Purchasers if eligible, can obtain loans upto 80% of total sale consideration including registration charges. Details of housing loans including application forms for resident and non-resident Indians are available on the websites of most housing finance companies. All our projects are approved by most leading housing finance companies. For further information please write to our customer relations team at cr@modiproperties.com

After making an application for housing loan along with all required documents and processing fee, the housing finance company (HFC) will issue a sanction letter. The HFC may request for further documents which will have to be provided.

Thereafter, documentation like loan agreements, etc., need to be executed. HFC may also request for pre-EMI and EMI cheques as per their policy. On completing these formalities the HFC is ready to release the first tranche of the housing loan in favour of the builder. The payment is released on submission of a tripartite agreement between the builder, HFC and the buyer. Alternately, the HFC may require the purchaser to deposit the original sale deed and agreement of construction that will have to be executed in place of a tripartite agreement.

As per RBI norms the purchaser must pay the margin money, stamp duty, registration charges, VAT, etc., to the builder before the first tranche of housing loan is released.

Our customer relations team will help you to complete these formalities. On a later date the purchaser has to send request letters to the HFC for release of balance loan depending on stage of construction. HFC on such request inspects the flat/ villa and then releases the amounts.

Please note that the liability to ensure the regular payment from the HFC to the builder is that of the purchaser. Our customer relations team shall help you in completing the entire process. However, the purchaser is required to give their full cooperation without any delay to our customer relations team.

There is no universally accepted definition of these terms. However, the broadly accepted meaning of these terms in Hyderabad is:

a.Carpet area – It is actual useable area after deducting common areas and thickness of walls.

b.Built-up area – Carpet area + thickness of walls. In some cases area of covered portico and terrace / balcony may be added.

c.Super built-up area – This applies to flats and is equal to the built up area + the proportionate common area of lifts, staircase, passages, lift rooms, electrical rooms, etc.

In our projects the areas mentioned for villas are the built up area + covered portico area + terrace area on the first floor. For apartments the super built up area is the built area + proportionate common areas as given above including common areas in the basement, stilt and terrace floors.

Yes. A separate division viz., Modi Consultancy Services has been formed to help our customers rent or re-sell their flats/villas. For further details visit www.modihousing.com www.modihousing.com or write to info@modihousing.com