Q. Please provide some general information about your Project.
A. Nakshathra is located on a Hilltop, behind Kottayam Collectorate near Rubber Board with a splendid view from all apartments. The 3 Bedroom 3 Bath premium apartments have a very spacious floor plan 1680 Sq Ft in total build up area, additional toilets for servants, Vitrified Tiles throughout, Granite counter tops in Kitchen, Teak Wood main doors, upgraded faucets in bath and kitchen, covered parking, clubhouse, fitness center, party hall, kids play area, generator backup for all power points, unlimited water supply, 24/7 security, guard gate, additional parking and much more.
- 32 Apartments
- 11 Stories
- 2 Floors Car Park
- 8 Floors Apartments
- All 3 Bedroom 3 Bath, separate toilets for servants
- 4 Apartments on each floor
- 2 Models A & B 1680 SqFt build-up area
- 2 Models C & D 1645 SqFt build-up area
- Top Floor - Club House (Fitness Center, Party Hall, Kids Play Area)
- Guest Parking, Extra Car Park
Q. Do you have absolute ownership of the land on which Nakshathra is being built?
A. We have the absolute ownership of the property.
Q. Is there any liability on this property?
A. No, there is no liability at all on this land.
Q. Do you have an Encumbrance-free certificate for the title Deed?
A. Yes, we have obtained from the concerned authorities an Encumbrance-free Certificate.
Q. What is the area of the land on which Nakshathra is being built?
A. Plot of 35 cents was obtained through outright purchase.
Q. Will there be a provision for protection against earthquakes while constructing Nakshathra?
A. Yes, Of Course.
Q. When do you propose to start construction?
A. The project was launched 21/11/2006 and worked commenced immediately thereafter, work is progessing at an impressive rate.
Q. When do you expect the Project to be completed?
A. The entire Apartment complex should be ready for occupation in approximately 24 months from date of commencement, December 2008.
Q. For those of us who are NRIs, how will we monitor the progress of the project?
A. We will have a ‘Photo Gallery ’ page in our website which will be updated at the beginning of each month. The work progress can be seen from the photographs that will be inserted each month.
Q. How will we monitor the quality of materials used in construction?
A. The Buyer can appoint any qualified person to check on all matters pertaining to construction as the work progresses, provided that this check is done only periodically and not on a daily basis..
Q. If we are satisfied with the Plans and details furnished by you, how do we proceed to book a Flat in Nakshathra?
A. The first thing to do is pick the Floor and the Apartment of your choice, ascertain its price under 'Price Details' on our webpage. Then a Booking Fee of Rs.1 Lakh should be remitted to our account in the Federal Bank, Kanjikuzhy Branch, Kottayam.
Q. Is it possible to check out the site before making a Booking?
A. Prospective Buyers or any person/s deputed by them, are most welcome to visit the site. It would help if an appointment is made by calling Prem P John
on +99611 92301 who will give the necessary directions.
Q. Who will be responsible for the Maintenance of the Complex after the Builders have completed work?
A. Within one year of handing over the Apartments, a Society of Apartment Owners will be formed as per the prevailing practice in such projects. Once the work is completed, this Society will be responsible for all maintenance work and common expenses. The common expense amount will have to be paid each month by the Apartment owners whether they occupy by the Flat or not. This will be approximately Rs 600/- per month. Each Owner will have to pay a one-time Maintenance Deposit, and the Bank interest earned on this Deposit will be utilized for the above mentioned purposes.
Q. How will this Society be formed? And who will be the Office bearers?
A. The Society will be formed at a Meeting of the Apartment Owners where a President, Secretary and a Treasurer will be elected by the Owners and they will be in complete charge of all maintenance work relating to the Complex. They shall hold Office for a specified period, after which there will be regular elections.
Q. What are the additions costs that have to be paid in addition to the cost of Apartment given in the website?
A. The additional costs will be as follows:
- Sales Tax
- Service Tax
- Workers Welfare Fund
- One-time Building tax
- Panchayat tax
- Fixed amount for 3-phase Power connection, Transformer & Cabling Rs 40,000/-
- One-time Maintenance Deposit Rs 25,000/-
- Advance for monthly maintenance
- Registration of Sale Deed for land
Sales Tax and Service Tax will have to be paid with each installment, according to the prescribed Payment Schedule. The other payments have to be made at the time of delivery of Apartment.
These are the normal, standard payments that come into force with all projects of Apartments and Villas. We, at Triade Builders (P) Ltd., have strived to keep these costs down to the minimum possible and our rates are one of the most attractive by comparison.
