Pune Property Rates, Top Builders & Residential Properties in Mumbai, Pune

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FAQ

(A) COMPANY, AFFILIATION DETAILS

Name of the Company
Xrbia Developers Ltd
Corporate Office address of Xrbia
1st Floor, Mantri House, 929, FC Road , Pune - 411 004
Are you member of any Real Estate Trade/Affiliate Body? If yes which one?
We are a member of CREDAI, Pune.
(Confederation of Real Estate Developers’ associations of India)
Promoters of the Company
1. Mr. Rahul Nahar
2. Mr. Vishal Nahar
Consultants, / Associates / Contractors
Architect -- Hafeez Contractor
SN Joshi Consultants -mep consultants
Design Cell - landscape consultants
JW Consultants - structural consultant
SAP -- IT backbone
Acconex - Document management
& many other international consultants working on the project.
(for more details look here)
USP s, What is the Xrbia brand promise?
Our USP is the revolutionary design concept by Architect Hafeez Contractor. By designing compact houses we can increase affordability and cater to the urbanization of the country. We promote aspirational living and will provide every modern convenience, from wider avenues to the best of infrastructural, educational and healthcare facilities.

Brand promise
“Transparency”: The use of the internet for booking and we sell only on carpet basis.
“Technology”: We want to present to our customers the newest technologies that help people live better lives.
“Affordability” : Low cost per Sq feet. We endeavor to be 20% below the market. Prices from Rs 9 lacs for a 1BHK to 25lacs for a 3BHK

(B) AFFORDABILITY/ TECHNOLOGY /FUTURE PLANNING

Affordability
How do we make that possible? Mass production (WE ARE BUILDING 100000 HOMES THIS YEAR), FORMWORK SYSTEM FOR CONSTRUCTION SO 40% LESS LABOUR REQUIRED AND 50% LESS TIME FOR CONSTRUCTION SO REDUCTION IN COSTS.
Technology
We eliminate the use of brick in our construction system, WE USE CONCRETE WALLS.
Our buildings are earthquake, flood, rodent and fire resistant.
At Xrbia, we build houses 3 times faster than our competitors. A 4-storied building can be erected within 90 days. We are one of the top Builders & have successfully built Top Residential Properties in the outskirts of Mumbai.
Future planning
More cities spanning 14 locations across India will provide every infrastructural service including water, sewage treatment, sanitation, roads, education and healthcare.
Design of the flats
The design goal is to build as small as possible. The trend globally is to increase affordability by designing compact homes. Our target market is the first time home buyer whose main barrier to buy a home is cost.
ADF
We have parterned with various banks who have approved ADF (Advance Distribution Facility ) for our project.This scheme is also known as 20:80. The customer pays 20% of the agreement value. The balance is paid by the bank/financial institution. Quite a few banks/FI’s disburse upto 100 % of the balance 80% depending on the credit worthiness of the customer. The minimum that Xrbia accepts is 70% of the balance outstanding. The interest cost for the amount of ADF till the time of ready for possession will be borne by Xrbia. However on possession 50% of the interest cost borne by Xrbia will be added to the outstanding payment due from the customer.

Depending on the ADF amount disbursed by the bank the balance outstanding if any is paid upfront on possession.

Incase Xrbia is unable to deliver construction within 36 months from date of construction then it will bear the entire interest cost after 36 months.

Advantages:
- Customer does not pay more than 20% till possession
- After possession the amount of ADF is broken into an EMI over a period of 15/20 years
- The higher the ADF the better as the amount payable upfront on possession will be lower
- Construction risk is reduced
- Since it is bank approved the due diligence in terms of legalities is already taken care of

(C) Concept / Design / Engineering / Conservation / Excellence

Concept of the project / Township
XRBIA is building world-class cities across India that are affordable, sustainable and offer opportunity to young Indians.
The goal is to ensure that we deliver a product that promotes safety, health and quality of life through the implementation of path breaking technologies.
These cities, spanning 14 locations across India will provide infrastructural service including water, sewage treatment, sanitation, roads, education and healthcare.
The houses in Xrbia are uniquely designed to optimize living spaces and offer a solution that addresses the needs of an ever-growing population.
The objective is to make available every modern convenience, from wider avenues to the best of infrastructural, educational and healthcare facilities.
We are applying the world’s latest technologies in energy conservation, sewage & water management, telecommunication, safety etc.
Engineering
Xrbia uses earthquake resistant Reinforced Cement Concrete (RCC) structure design therefore completely eliminating the use of bricks in the construction process. Our homes are also flood, fire and rodent resistant.
Plumbing, Mechanical and Electrical Services are fully integrated into the infrastructure master-plan and building engineering, from concealed pipes and conduits to the network of underground stormwater drains and water recharge pits.

(D) Master plan / Building plans / Surroundings

What do you mean by Carpet Area / Built up Area / Super Built up Area
At Xrbia, we only sell at carpet Area
Carpet Area - is the area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner & outer walls. It is the actual usable and measurable area.
Built up Area - is the carpet area plus the thickness of outer & inner walls.
Super Built Up Area - is the built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc.

( E ) Sales offices / Site visit / Sales Centers visit / Process

What is the address of your sales center?

Pune

Showroom no 7, survey no 403-A,
ICC trade tower, ground floor,
Senapati Bapat Road,
Pune - 411 016
India

Email: sales.pune@xrbia.com

Mumbai

“The Affairs", 26, Beverly Park,
Plot no 20, Palm Beach Road,
Sanpada,
Navi Mumbai - 400 706
India

Email: sales.mumbai@xrbia.com

Dubai

1851, Burjuman Business Tower,
Five Oceans Real Estate,
Burdubai, PO.Box: 25901, Dubai, UAE.
Ph: +971 4 5096778
Fax: +971 4 5096797

Email: sales.dubai@xrbia.com
Are there any sample flats ready?
The show flat is ready at our Mumbai and Pune Sales Centers. The one on display is the 1 BHK Luxury flat of 313 sq ft.
What are city development charges?
City development charges are levied when the developer provides municipal infrastructure as opposed to city developers who supply a simple constructed stand alone building or colony without infrastructure.

Xrbia, in most of its projects provides municipal utilities such as power distribution, water supply, sewerage, gas, telecommunications including data and cable services and solid waste management. Additionally the ambit of services also covers general services management of internal roads, street lighting, management of parks, gardens and common access services, facility management, security etc. Xrbia as a policy does not charge an additional charges for power line , water line , parking allotment charges etc.
What would be the booking/token amount if I need to book a flat?
The booking amount will be payable as under:
20% of the Agreement Cost (Basic cost + City Development cost + Floor Rise cost + Premium cost) + Proportionate Service Tax 3 .09% + 1% VAT on the Agreement Cost.
What is the booking procedure?
You may choose the ADF or 20:80 scheme. If you wish to pay the total amount of the house upfront, we will give you a 15% discount on the total value (total value is basic value + development charges).
You can book your house on our website after the 6th August 2012. To book online just follow the step by step booking instructions under Buy Online.
Here you can transfer the Booking Amount online. For assistance, please call our call centre or you can chat online with one of our sales executives.
To book your flat you will need to pay 20% of the Agreement Value + VAT and Service Tax (Calculations given here). This will entitle you to a provisional booking. Once your Booking Amount is realised you will get Provisional Allotment Letter. Receipts are generated by the system automatically upon making the payment. You must then apply for a Loan for the remaining 80%. Once your loan is sanctioned, your booking is confirmed. If you are paying the total amount as an upfront payment, you have 15 days to make the complete payment from the day of your provisional booking.
NRI’s (Non residential Indians) can pay via wire transfer or online transfer.
You can also book at our Sales Centers
In case you require any help, please call us our call centre or you can chat online with one of our sales executives.
Online Booking Procedure:
You have to do Online Booking by following the step by step process on the website.
Please see the masterplan layout and carefully select a building. Then you choose a floor and can view the apartments on that floor. Select an apartment. Now, from the Floor Plan and Unit Plan, you can select your desired apartment, as per type from various options between 1 BHK, 2 BHK and the 3 BHK. If the particular apartment that you wish to buy, shows as available, you can book it immediately by filling in the payment details e.g. cheque no, bank name and amount payable. Please note that without submitting the payment details, the unit may become unavailable as the status is on line and accessible by many customers. You will have 20 minutes to complete the payment details. Thereafter, you will need to go to an Xrbia affiliated bank and deposit the cheque yourself within 24 hrs. In order to realise your check within 24 hours, your Bank and our Bank should be the same.

At present the following banks are affiliated with us:
1. HDFC Bank Ltd
2. Punjab National Bank
3. AXIS Bank
4. CITI Bank
5. Dena Bank
6. Bank of India
7. Alahabad Bank
8. Union Bank of India
9. Indian Bank
10. Bank of Maharashtra
11. Oriental Bank of commerce
12. Corporation Bank
13. Bank of Baroda
14. State Bank of India
15. Central Bank of India

You need to deposit a cheque of one of the above banks only for online booking, so that the amount gets transferred to our account immediately and we can secure your booking.
If you are unable to deposit the cheque to the bank within 24 hours and if the cheque does not get realized within 48 hours, the system will automatically cancel your booking.
Sales Center Booking Procedure;
The booking is accepted at our Sales Center on all days of the week. You can do your booking at the Sales Center by depositing the cheque.
Can I give cheque of any bank other than your affiliated Banks?
Yes, you can but only at the Sales Center not via online booking. As for your loan amount (remaining 80%), you can give cheques from other Banks subject to following our payment norms. That means, the respective bank's rate of interest should be in line with the rate of interest of the banks that are affiliated with Xrbia.
If the cheque, while online booking, is not realized within 48 hours, the system will automatically cancel your booking.
What documents should I carry with me at the time of booking the flat?
At the time of booking the flat you need to carry:
PAN Card & Cheque Book.
What are the documents required for bank loan process?

Legal Documents for Salaried Customer
A - Personal Docs:
- Application Form ( Completely Filled and signed with date )
- Latest Colour passport size Photograph with signature across it
- Processing Fee Cheque
- Age proof / Photo Identity ( Pan Card / Passport Copy )
- Company Id Card copy
- Proof of residence if owned ( Maintenance Copy & Electricity Bill )
- Proof of residence if rented ( Electricity Bill with Leave & Licence agreement )
B - Income Docs:
- Company / Business Profile ( in case of Propritorship / Partnership Co )
- Appointment Letter ( if less than 6mths )
- Confirmation Letter ( more than 6mths )
- Last 3 months salary slip ( original payslip's required for govt. employees )
- Latest Form 16 / 16 A.
- Updated Bank Statements for 6 months with 6 salary credit reflection
- Existing Loan RTR Copies / 1 year Bank reflection
- Qualification Proof ( if required )
- Proof of other Income ( Rent agreement with ownership proof, etc. )
- LIC & Investment proof ( Gold / FD / Property )
Legal Documents for Self-Employed Customer
A - Personal Docs:
- Application Form ( Completely Filled and signed with date )
- Latest Colour passport size Photograph with signature across it
- Processing Fee Cheque
- Visiting Card
- Age proof / Photo Identity ( Pan Card / Passport Copy )
- Proof of residence if owned ( Maintenance Copy & Electricity Bill )
- Proof of residence if rented ( Electricity Bill & Leave & Licence agreement )
- Business Proof - Office Owned / Rented ( Gomasta License, Sales Tax Registration, Ownership proof / L & L agreement etc. )
B - Income Docs:
- Company / Business Profile
- Latest 3 years Income Tax Returns ( CA attested ), Partnership Deed , M&A in case of Private Ltd company
- Balance Sheet (all schedules), P&L a/c, Capital a/c , Computation of Income
- Tax Paid Challan / Form 16 A / TDS Certificate - Attach as per year wise
- Latest & Updated Bank Statements for 12 months ( current & savings a/c )
- Incase of OD / CC account need Sanction Letter
- Qualification Proof ( if required )
- Proof of other Income ( Rent agreement with ownership proof, etc. )
- LIC & Investment proof ( Gold / FD / Property )
Legal Documents for NRI Customer
A - Personal Docs:
- Application Form ( Completely Filled and signed with date ) ( APP / POA )
- Latest Colour passport size Photograph with signature across it ( APP / POA )
- Processing Fee Cheque
- Age proof / Photo Identity ( Pan Card / Passport Copy )
- Proof of residence if owned ( Maintenance Copy & Electricity Bill )
- Proof of residence if rented ( Electricity Bill & Leave & Licence agreement )
- Passport with Visa Copy With Entry & Exit Date.
- Work permit, Work Contract & Appointment Letter / CDC
- Employer's Id Card ( Labour Card, if applicable )
- HR Email Id & Company Website.
B - Income Docs:
- Employer Certificate
- Company Profile.
- Salary Slip for latest 3 months or Tax returns ( if applicable )
- Statement of Overseas Bank a/c and Indian NRE a/c which reflects salary credit for last six months
- Proof of other Income ( Rent agreement with ownership proof, etc. )
- LIC & Investment proof ( Gold / FD / Property )
- Self attestation on all individual (app / co-app ) documents.
- Power of attorney
Why Provisional Allotment Letter, why not Confirmed Allotment Letter?
We issue Provisional Allotment Letter till your loan gets sanctioned. Once your loan is sanctioned and the amount due is remitted to our account, the confirm Allotment Letter is issued.
Can I pay cash instead of going for a bank loan?
No, cash payments are not allowed.
Do you provide any loan facility?
Yes we have tied up with many major banks.The list for the same is available in find finanace section of our website.
Can I apply for loan from any Bank other than your affiliated banks?
Yes you can provided the you can fulfil the payment commitment within 30 days
Why should I apply with your banks?
The advantage of applying for a loan from our banks is that your loan will be processed fast since the project has already been approved by these banks.
What if loan does not get sanctioned?
If the loan is not sanctioned, you can pay the balance amount within 15 days from your other sources. If you are not able to pay the same, your booking gets cancelled.
Do I pay a Cancellation Fee if I cancel a flat?
Yes, the cancellation fee is Rs. 25,000/-
We will deduct Rs. 25000/- from your booking amount and refund will be done immediately after reselling of the said unit.
Cancellation after execution of Agreement to Sale will not be allowed.
What documents will I get from your side to confirm my booking?
A printed copy of your booking details, instantly. The Receipt is generated by the system by feeding all details of the customer, his chosen apartment and payment. The Provisional Allotment Letter is issued on realization of the Cheque.
Can customer resale his/her flat before possession?
Customer can sale his/her property only after possession.
Why there are different selling rates for different types of flats?
Pune Property rates are soaring. We are offering an affordable home segment and rates have been finalized after a strategic product mix.
When can I Register my flat?
You can Register your flat once you get the loan approval letter from the bank and the payment is remitted to our account.
For customers not going through loan, agreement can be done on receipt of the due payment by us within 15 days.
Once you receive your Confirmed Allotment Letter, you will be contacted by our representative for the Registration Process.

( F ) Registration Process

What is the registration process?
The following are the steps that you need to follow for the registration process:

1. You need to give the agent your full name and unit number.

2. You need to tell the agent whether you are going through the 85% payment scheme or the 20:80 loan scheme.

3. If you are going through the 20:80 loan scheme then you will need to send the loan sanction letter oncustomercare@xrbia.com and then you need to send 2 Demand Drafts (DD) for the following purposes:
- Stamp duty DD should be in the name of WMDC Ltd, Pune (Payable at Pune)
- Registration DD should be in the name of Joint Sub Registrar, Mulshi, Pune (payable at Pune)
  
  Kindly courier / drop these DD at either of our sales center in Navi Mumbai or Pune:
4. If you are going through the 85% scheme you need to send 2 DD's for the following purposes:
- Stamp duty DD should be in the name of WMDC Ltd, Pune (Payable at Pune)
- Registration DD should be in the name of Joint Sub Registrar, Mulshi, Pune (payable at Pune)
  
  Kindly courier / drop these DD's at either of our sales center in Navi Mumbai or Pune:
5. If you haven't received your registration date after the submission of the DD's you will receive a call once your appointment is confirmed at the sub-registrar.

FAQ

(A) COMPANY, AFFILIATION DETAILS

(B) AFFORDABILITY/ TECHNOLOGY /FUTURE PLANNING

(C) Concept / Design / Engineering / Conservation / Excellence

(D) Master plan / Building plans / Surroundings

( E ) Sales offices / Site visit / Sales Centers visit / Process

Pune

Mumbai

Dubai

A - Personal Docs:

B - Income Docs:

A - Personal Docs:

B - Income Docs:

A - Personal Docs:

B - Income Docs:

( F ) Registration Process

Pune

Mumbai

Pune

Mumbai