Buy Property

Real Estate – T&C (Terms & Conditions)

BUY PROPERTY

Where there is any immovable property that is transferred through buy or exchange or by transfer of shares in a Co-operative Society or Company or any other Association of Persons or through any other agreement or arrangement, including Transfer of Development Rights (TDR), FSI or Long Term Transfer of Development Rights, commission at the following rates on the total consideration amount (inclusive of loan amount) and /or deferred payments, if any, shall be paid to Sp’s Bala Infraventure as under:

• Where we act on behalf of both the Buyer and the Seller, commission at the rate of 2 % shall be paid to us by each party.
• Where we act only for the buyer or the seller, commission @ 2% shall be paid by the party for whom the member acts.
• Any transaction that includes that of immovable property covers all transactions under the definition given in Section 269 U, Chapter XX-C of the Income Tax-Act, 1961, and also under Transfer of Property Act, 1882.
• Applicable Government Taxes will be additional on the total brokerage amount.
"T&C": The commission amount mentioned on this website has been mutually agreed upon by the parties. By proceeding further, including but not limited to viewing, engaging, or initiating any transaction through this website, you expressly acknowledge and agree to the stated commission terms. Such action shall be deemed as full acceptance of these terms and will be legally binding on all parties concerned.
Note: In the event a company is taken over, with the express or implied intention of acquiring the immovable property of the company, then 2% of the market value of the property will have to be paid by the Vendor and the Purchaser to the SP’s Bala Infraventure as commission.

Terms of Payment

• 25% of the commission shall be payable to us at the time of payment of earnest money or token amount whether simultaneously accompanied by execution of an Agreement or Deed of Transfer or not, by way of non-refundable service charges and out of pocket expenses.
• 75% of the commission shall be payable to us on receipt of allotment letter or on signing of agreement or on possession or on receipt of full payment whichever is earlier.