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+91 90001 32223
+91 90001 52225
+91 90001 62226


+91-40-23 310 465

e-mail : sales@arkbuilders.in



1 How do I choose my apartment?
Make a list of your requirements and ensure that they match with the specifications of the project. Also, check for more details such as amenities provided, date of completion of project apart from the specifications of the home.
2 Apart from specifications, what should I look for?
It is imperative to check the background of the builders you deal with when you plan to buy a home.
3 How should I go about buying a home?
It is imperative to check the background of the builders you deal with when you plan to buy a home.
1 Know the builder - It should be a well-established company with a credible history in construction. Check for their credentials as well.
2 Time taken for delivery of property- Take into consideration the time taken for completion of the company's previous projects. In case of delays, inquire about the reasons for those delays.

Legal Issues – Have a thorough check of all the property documents.

Once you're satisfied with the above details, take a look at the location and specifications of the project.

4 Are there additional costs for some features?
Most state-of-art projects provide a built-in set of amenities like swimming pool, gym and common recreation areas. There may be other amenities that can be added at a cost.
5 Should I be worried about any legal issues?
While purchasing a property check the approved layout plan, approved building plan and ownership documents thoroughly. It is advisable to consult an advocate before you purchase a property.
6 How do I finance my dream home and save on tax?
Finance plays a critical role in the purchase of your home. The important issues that are to be considered include modes of arranging finance and its implications on taxation.
7 How do I use my own funds, to gain tax benefits?
If the house is being acquired out of the sales proceeds of an earlier house, the exemption from the long-term capital gain tax on the sale of the earlier house can be claimed under u/s. 54. To claim this benefit, the new property should be acquired one year prior to selling or two years after the date on which the transfer of the earlier house takes place.

If the new house could not be acquired within a period of one year from the sale of the earlier house, the sales proceeds should be deposited in a bank or institution, which runs Capital Gain Accounts Scheme approved for this purpose.

Other issues also need to be considered. For example, if the person acquiring a house already holds another house, then every year, one of the two house properties would be deemed to be let out (u/s. 24) of Income Tax Act and the let-out value shall be treated as income. Hence, appropriate tax planning should be considered.

Further, in the case of individual or HUF (Hindu Undivided Family), exemption is provided from long term capital gain tax u/s. 54F on the sale of any long term capital asset, if sale proceeds are invested in acquiring a house
within prescribed period.
8 How do I finance my dream home and save on tax?

Interest paid on housing loan can be claimed as deduction under u/s. 24(b) to the maximum extent of Rs. 1,50,000 per year (when house is self-occupied). Such limit is per person and not for one property. Hence, a loan can be taken in two joint names for one house to claim deduction of Rs. 1.5 lakhs each for both the persons repaying the loan.
In case, you are letting out your property, the entire interest is exempted.

Repayment of the principal amount of housing loan is also eligible for rebate under u/s. 88 subject to a maximum sum of Rs. 1,00,000/- per year.

9 Do you arrange the bank loan?

We will assist you with the documentation process to avail the bank loan. Further follow-up will be organized at various stages of loan processing and disbursement of sanctioned loans.

10 What is the rate of interest?

The rate of interest on housing loans is currently around 11.0% depending on banker, loan amount, the tenure of the loan, fixed/floating rate, credit profile of the borrower etc.

11 What are the documents I will have to submit to the bank?
For NRIs (Salaried)
1 Employment contract copy
2 Past occupational history
3 Latest 6 months' salary slip / Pay stubs
4 Latest work permit / Labour card
5 Identity Card issued by the current employer
6 Passport with visa stamping
7 Overseas / International bank account statement for the last 6 months - (Salary credited bank statements)
8 Latest 6 months bank statements from NRE / NRO Account. Else, open an account with any bank.
9 GPA to be attested by Notary (GPA soft copy will be sent to you or directly to NRI applicant separately).
The application can be signed by GPA holder. We can get the financial approval on soft copies.
10 One photograph duly signed front side
11 W2 forms or Annual Income Tax returns of last 2 years
12 Credit report with credit score (for USA and UK)
For Salaried
1 Form-16 of last 2 years. For AAA rated company employees with professional qualifications, Form-16 of 1 year will suffice.
2 Last 3 months pay slip
3 CTC (Cost To Company) and Appointment letter copy
4 Last 6 months salary crediting bank statement
5 Pan Card and Company ID card copies
6 Residence phone bill or Letter from HR Department regarding residing address.
7 Highest qualification certificate copy
8 Resume or Bio-Data
9 Latest color photograph
All above documents are to be self-attested.
For Self Employed
1 Last 3 or 2 years Income Tax Returns (If businessman possessesone year IT returns, we need that year's bank statement with an average balance of at least Rs.30000/- minimum)
2 Last 6 months bank statement
3 Pan Card and Voter ID or Driving License or Passport or Ration card copies
4 Business Registration proof
5 Residence phone bill
6 Office address proof can be phone bill or rental deed etc.,
7 Latest color photograph
All above documents are to be self-attested.
12 Which banks have approved the project, "ARK HOMES"?
1 State Bank of India
2 Bank of Baroda
3 LIC Housing Finance Ltd
4 Sundaram BNP Paribas
5 HDFC Bank
6 ICICI Bank
7 Deutsche PostBank
8 Canara Bank
9 Axis Bank
10 State Bank of Hyderabad
11 Corporation Bank
12 India Bulls
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