The Board of Directors of CIDCO have approved the proposal of freezing the Reserve Prices of Land in various nodes of Navi Mumbai via Board Resolution No 12412 Dated 17th April 2021.
The Following Table displays the Reserve price of various Nodes of Navi Mumbai and Surrounding Areas of Navi Mumbai under CIDCO jurisdiction.
Node
Reserve Price (per sq meter of land)
Airoli
11,015
Ghansoli
9,550
Koperkhairne
12,825
Vashi
18,740
Sanpada
15,650
Nerul
16,095
CBC-Belapur
11,285
Kharghar
11,285
New Panvel
10,425
Kalamboli (Residential)
7,940
Kalamboli (Warehousing)
7,940
Jui-Kamothe
7,940
Dronagiri
8,205
Ulwe
7,285
Area outside the above nodes (Including Karanjade, Taloja, Pushpak, R&R pockets etc)
At Sky Properties, we are extremely particular about our way of functioning according to the existing laws and principles. We believe in having an absolutely fair, transparent and clear policy for brokerage, which leads to a smooth transaction without any ambiguity. In the long run, these clear terms and conditions help avoid unpleasant situations and help conclude all transactions without any hiccups.
Brokerage Terms :
The Brokerage agreement shall be strictly on exclusive basis between the owners of the property or their authorized representative and the broker.
The Commission shall be @2% of the sale price (from buyer and seller) i.e 2% from Buyer and 2% From Seller.
The Brokerage agreement shall be for a period of 1 year for property which is to be sold and 6 months for property to be rented.
Any sale or purchase (via whatever method or whichever network or association) which happens within a period of the agreement shall make both the buyer and the seller liable to pay the brokerage @ 2% to the broker.
All offers and amounts received by the broker from prospective buyers shall be informed to the Owners of the property and the decision to accept or reject the same shall be sole option of owners.
All offers and contacts made by prospective buyers shall be informed to the owners promptly.
The owners may appoint a contact person/authorized agent to receive such communication. Any communication made to such person shall automatically mean that it has been conveyed to all the co-owners.
Any sale to the parties/prospective buyers, introduced/informed by the broker to the owners during the contract period, shall make the buyer and seller liable to pay brokerage @2% to the broker, whenever such a sale may take place.
The owners shall stand guarantors for the brokerage (@2%), which shall be due from the buyer. In case the buyer refuses to pay his share of the brokerage (2%) to the broker, the deal/transaction shall be terminated/rescinded by the owners/sellers.
Brokerage shall be due and paid on the date of the Registration of the agreement at the Registration office via cheque, bank transfer, DD etc.
If withdrawal is made before the end of the brokerage agreement, the broker shall be compensated for his time, effort and other expenses at pre-decided rates.
*This is necessary to cover the time, travel, publicity, marketing, money and effort (including travel, advertising and other expenses) made by the agent during this period. This is only applicable is property is withdrawn from sale process by sellers/yourselves.
These are the main points which shall form the body of the Brokerage agreement. Formal agreement shall be drafted once an agreement to these terms is arrived at by all parties.
Sky Properties, Nerul, Navi Mumbai
Address A-1, 7,2, Sneh Co Op Society, Plot no 16, Sector 19a, Nerul, Navi Mumbai 400706 Call Us 9987452642 mayur@navimumbaiestate.in
Kamdhenu Gardenia is a real estate project coming up in Taloja. Read the hidden data of the project and save your money
Kamdhenu Gardenia, Taloja
GST
Society Conveyance
illegal ‘allotment’ of parking
Refusal to adhere to society transfer rules
Protection against future prosecution
Price Gouging/Price Rigging (ग्राहक देख के पूड़ी बांधना )
Real Sales Data and Price structure of sales in Kamdhenu Gardenia Project in Taloja, Phase 2. As you can see, the builder has sold same area flats to different people for different prices. This difference is a couple of lakhs in few flats. These are the total flats he has sold in the project till 26th February 2021. The total flats sold is 15 nos.
This practice of not advertising the rates and then selling the same flats at different prices is illegal in most countries. Its called differential pricing and price gouging.
The same type of illegal activities are continuing unabated.
Even the so called RERA registered agreement has illegal clauses in it..and the RERA authorities have blatantly uploaded the same to their website 😂
GST
The permission for construction obtained from Panvel Municipal Corporation clearly says that any GST due will have to be paid by the builder in the future…but the builder has cleverly laid a clause in the sale agreement asking the flat purchaser to foot the GST charges
GST liability of kamdhenu Gardenia}
Society Conveyance
Another clause from the sales agreement uploaded on the RERA site says that the conveyance will be responsibility and liability of the flat purchaser. This is also blatantly illegal as the responsibility and liability of forming the society and conveyance is sole responsibility of the builder.
Society Maintenance clause Kamdhenu Gardenia
illegal ‘allotment’ of parking
The builder has also included illegal activity of ‘allocating’ parking. Parking is space free of FSI. It cannot be sold or allocated by builder. After conveyance, the entire parking area becomes property of society. The builder has no rights to allocate any society and no rights to ask people to ‘surrender’ any claims to such parking in the future. Such one sided agreements have been penalized by the courts in the past and are illegal as per anti-competition authority of India. What makes it worse is that such illegal clauses are uploaded without a question on RERA website itself !illegal demand for ‘allocation’ and surrender of parking.
Refusal to adhere to society transfer rules
The co-operative societies act and rules clearly say that after land and building is conveyed to society, the entire property comes under the rules of the society. The rules clearly say that the society is liable to take transfer charges of Rs 25,000 per flat (max)., but by including such blatantly illegal clauses in the agreement the builder has once again shown zero respect for the rule of law. The same agreement can be found on the RERA website.
Violation of society transfer rules and laws
Protection against future prosecution
In another clause the builder has tried to save himself from future prosecution for non payment of any of the charges that he is supposed to pay under the law. This is blatantly illegal and one sided and will be thrown out in court if the society decides to prosecute him. These unscrupulous builders have zero knowledge of the law and are taken for a ride by their so-called ‘lawyers’ who take them for a ride based on their ignorance.
Society Maintenance charges of unsold flats
illegal and one sided agreements are violation of the law
Please note that CIDCO Transfer has not been cancelled from Navi Mumbai. The news that some media outlets published before the elections in Maharashtra was FAKE NEWS. Read full details here
Identify flat/property you like
Scrutinize property papers, title documents, municipal permits, flat ownership papers, society status, CIDCO NOCs etc
Make sure society conveyance has been done (without this, no CIDCO NOC will be possible and without CIDCO NOC no bank will give you a loan).This is not for fresh purchases in a New Project. In a new project, no society is formed until 60% of the flats are sold by the builder.
Fix Price
Formulate MOU (Memorandum of Understanding)
Make Token/Part payment if taking a loan. Take a receipt for the same
Formulate and register the Agreement for Sale (Sale Agreement) If taking a bank loan
Apply for CIDCO Transfer/CIDCO NOC
Obtain CIDCO NOC
Apply for Mortgage NOC (Only if taking a loan)
Obtain Mortgage NOC from CIDCO
Get bank to disburse the loan
Formulate and register Sale Deed
Apply to CIDCO for ‘Final Order’
Submit CIDCO ‘Final Order’ to Society for transfer of name in Share Certificate
Apply for change in name in Electricity and Gas department records
Apply for change in Property Tax Records (If applicable). Cost of Transfer is approx Rs 200 per square meter in Navi Mumbai. No Property Tax Transfer can take place without CIDCO Final Order.
Apply for change in Water Department (If applicable)
Transaction Complete
Rate list for our services
CIDCO Transfer only
15,000
Mortgage NOC only
15,000
CIDCO Transfer + Mortgage NOC
20,000
Only Drafting/Documentation
5,000
Drafting and Registration of Sale Agreement/Sale Deed
10,000
Brokerage (Purchase/Sale transaction)
2%
Brokerage (Rentals)
1 month rent/year
Consultation over Phone/Whatsapp/Zoom/Google Meet
5,000/30 mins
Property Tax Name Transfer
10,000
Water Bill Name Transfer
10,000
Rate list for Real Estate Services in Navi Mumbai
Sky Properties, Nerul, Navi Mumbai
Address A-1, 7,2, Sneh Co Op Society, Plot no 16, Sector 19a, Nerul, Navi Mumbai 400706 Call Us 9987452642 mayur@navimumbaiestate.in
