General
Divinity Designs & Construct stands out as the best real estate developer in Palakkad. Our reputation as a trusted construction company in Palakkad is built on our commitment to delivering exceptional quality, innovative designs, and timely completion of projects.
When choosing a budget villa, factors such as location, amenities, quality of construction, and legal compliance (RERA) should be prioritized.
The timeline for under-construction villa projects or independent home construction can vary depending on factors like project size, approvals, and weather conditions. Generally, it can take around 8-10 months for completion.
Yes, we provide options for customization within the predefined project guidelines. This allows you to personalize certain aspects of your home, such as interior finishes.
We adhere to strict construction schedules and employ experienced professionals to ensure quality and timely completion. Regular inspections and adherence to industry standards are integral to our commitment to delivering on time and with excellence.
Yes, we can provide references and testimonials from satisfied buyers who have invested in our properties in Palakkad
We regularly update buyers about the progress of their property's construction through emails, phone calls, and on-site visits.
Yes, we provide post-sales services for maintenance and repairs to ensure the long-term satisfaction of our buyers.
Loan Process, Documents Required, and Tax Benefits
Definitely. To obtain a home loan, you need to approach a bank or financial institution with necessary
documents. The lender evaluates your eligibility, and upon approval, the loan is disbursed to help you
finance the property purchase. Divinity Designs & Construct has an in-house team to assist you
throughout.
Commonly required documents include proof of identity, address, income and employment stability. In
addition, you may also need to submit
- Copies of Asset proofs ( land tax, building tax receipts, FD receipts etc.)
- Sale agreement
- Construction agreement from the builder
- NOC from the builder
- Receipt from Builder for the own contribution amount paid by the customer.
Home loan repayment offers tax benefits under sections like 24(b) for interest paid and 80C for principal
repayment. You're eligible to claim a deduction of up to Rs 1.5 lakhs on principal amount and Rs 2 lakhs
on the interest. Additionally, the stamp duty and registration amount can also be included for tax
deduction. It's essential to keep in mind that this tax rebate is applicable only in the year when the
construction is finalized.
Schemes like Pradhan Mantri Awas Yojana (PMAY) offer tax benefits to first-time homebuyers.
Additionally, interest subsidy schemes can reduce the overall cost of your home loan.
Property taxes are levied by local authorities based on property value. Regular maintenance charges and
insurance costs are also financial responsibilities homeowners should be aware of.
Yes, we have tie-ups with reputed banks and financial institutions that can streamline the home loan
process for our buyers. This ensures convenience and faster loan processing.
NRI Home Buyers
NRIs can purchase both residential and commercial properties in India under certain conditions. They
need to comply with the Foreign Exchange Management Act (FEMA) guidelines and other legal
requirements. For further information, you can get in touch with our office.
NRIs can appoint a Power of Attorney to handle property transactions in their absence. Working with a
trusted real estate builder like Divinity Designs & Construct familiar with NRI requirements also ensures
a seamless process.
We offer specialized assistance to NRIs, including guidance on legal documentation, tax implications,
and compliance with applicable laws.
You need to submit a declaration using Form IPI 7 to the Central Office of the Reserve Bank within 90
days from the date of purchasing immovable property.
Yes, you can and the rented income should be deposited in the NRI account of the purchaser.