Question 1

What is RERA and why is it important for homebuyers?

Accepted Answer

RERA (Real Estate Regulation and Development Act, 2016) protects homebuyers by mandating project registration, online disclosure of approvals and timelines, and holding builders accountable for delays. Buyers can file complaints and claim compensation through the State RERA Authority.

Question 2

What is an Encumbrance Certificate (EC) in property?

Accepted Answer

An Encumbrance Certificate confirms that a property is free from all financial and legal encumbrances (mortgages, liens, pending litigation). It is issued by the Sub-Registrar Office and covers all registered transactions on the property. Always obtain EC for the last 30 years.

Question 3

What is the difference between carpet area, built-up area, and super built-up area?

Accepted Answer

Carpet Area is the actual usable floor space within walls. Built-up Area includes carpet area + wall thickness (approx. 10-15% more). Super Built-up Area adds common areas like lobby, staircase, and lift (adds another 25-30%). RERA mandates all pricing to be based on Carpet Area.

Question 4

Can NRIs buy property in Hyderabad?

Accepted Answer

Yes. Under FEMA, NRIs and PIOs can freely purchase residential and commercial properties in India without RBI approval. They cannot purchase agricultural land, plantation property, or farmhouses. Sale proceeds can be repatriated under specific conditions.

Question 5

What is the stamp duty for property registration in Telangana?

Accepted Answer

In Telangana, stamp duty is 4% of the property value (or market value, whichever is higher). Registration charge is 0.5% and transfer duty is 1.5%, totalling approximately 6% of the transaction value.

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