Frequently Asked Questions

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General Questions

Brickwicks Consultant, head office at Bangalore, is synonymous to trust,known for honest and affordable dealing for the dream home that emerges throughyour eyes. For decades, since we came in such highly diversified IndianProperty Industry, there are tremendous expectations of property seekers, andare searching for a proper channel. We came into existence as a renowned realestate consultant when a few alike-minded realty experts came together anddecided to stand an organization which could actually channelized thoseproperty seekers, and thus, could turn property consultancy into a structuredsector. Since then, we have been rapidly expanding as most trustedorganization, even through the tough time that went opposing, but Brickwicksemerged up with splendid property deal which further developed trust amongrealty seekers. We were among those over whom the property seekers could trust,since then the count of our happy customers has been multiplying. Whateverwould be the situation, the bond between us will continue after sales service& support too, till they get the possession of the property, and evenbeyond that. Brickwicks checks the detailed scrutiny process for legal andquality filtration before proposing a number of major and promising projects.Mostly, we has been dealing along with Godrej, Shapoorji, Sobha, Purvankara,Brigade and many other unparalleled real estate developers by encapsulatingyour few choices based on budget, location, space, amenities and etc. No oneunderstands property better than us, and we are here to make long-termrelationship rather than making one time business deal.

  • Buyers Trust Us
  • Buyer Prefer Us
  • Expert Guidance
  • Honest Review and Suggestion

No, Its absolutely free.

•Check out our website 

•Select the property that meets your criteria and drop an enquiry for the equivalent. 

•Go on a site visit of the chose property with our property specialists. 

•Close the arrangement. We handle all legitimate administrative work and deal with all documentation work with the Builder and the bank.

Currently Our services are available in Bangalore. Soon we are expanding across 8 cities in India, namely Noida, Gurgaon, Mumbai, Pune, Bangalore, Chennai, Kolkata and Ahmedabad.

We list a scope of private land properties including lofts, estates and plots through our web stage. Our postings incorporate everything from new, resale, under development and up and coming properties.

Yes. We have tie-ups with the main banks in the nation, for example, the HDFC Bank, the ICICI Bank, the Axis Bank, LIC India, Bank of Maharashtra, Indiabulls and PNB.

You can own as many properties as you want.

There are a couple of exclusions accessible for long haul Capital Gains, on the off chance that you: 

Purchase or develop another house: If you construct another house or get one from the cash you get from selling a property, you are exempted from making good on the regulatory obligation on Capital Gains. Be that as it may, the new buy ought to be done it is possible that one year prior or inside two years of offer and the development ought to be finished inside three years from the date of exchange. The new property purchased or developed ought not be sold inside three years from the date of its buy or date of fulfilment of development. 

Capital Gain Account Scheme-Through the Capital Gain Account Scheme (CGAS), you can set aside the got cash in assigned banks. CGAS causes you in purchasing time to search for appropriate ventures as it serves to illuminate the Income Tax division that you intend to contribute the cash got; however sometime in the future. 

Put resources into Bonds-You can likewise put resources into money related resources or securities to spare assessment. Such bonds are issued by the Rural Electrification Corporation and the National Highway Authority of India and ought to be purchased inside a half year of moving the property. You can contribute a limit of Rs 50 lakhs through these bonds.

Property is considered a capital asset and Capital Gains Tax is leviedon the gains arising from the sale of property. Such gains are calculated afteradjusting the inflation rate, transfer and renovation charges.

Yes. Generally, the stamp duty on the gift deed ranges from 5% to 12% in all states. In few states like Haryana, Rajasthan and Delhi, concession of 1 to 2 per cent is given to female transferors.

  • Original copies of the chain of title agreements and Building Plan approvals
  • Original registration and stamp duty receipts
  • Possession Letter
  • Original share certificate (In case of societies)
  • Proof of payment of all dues like maintenance charges, electricity bills, phone, water and property taxes up to the date of handing possession
  • NOC from the Society or other concerned body confirming no objection to the transfer

A lease deed is a contract wherein the lessee (tenant) agrees to pay the lessor (landlord) periodic rent for the use of a property.

All requests for acquisition of agricultural land / plantation property / farm house by any person resident outside India may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai 400 001.

Pricing and benefits

The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from any non-resident accounts maintained with banks in India.

The price that a property can command in the open market is known as its market value.

If the transfer takes place within three years of purchase, the income tax exemption under Section 54F of the Income Tax Act does not hold good.

The valuation process evaluates the market value of the property. Demand and supply forces operating in the market, as well as other factors like type of property, quality of construction, its location, the local infrastructure available, maintenance, are all taken into consideration before the market value is decided.

There are several benefits: if you convert the property to a freehold property, you become a full-fledged owner by getting the sale deed and having it registered. A freehold property has better marketability and can be sold, mortgaged or kept for standing security, which cannot be done with leasehold property.

When a piece of property is given or 'leased' to an individual (known as the 'Lessee') for a stipulated period of time, by the owner of the property (known as the 'Lessor'), the property is referred to as Leasehold Property. A certain amount is fixed by the Lessor to be paid as lease premium and annual lease. The land ownership rights remain with the Lessor. Transfer of property requires prior permission.

When ownership rights for a piece of property are given to the purchaser for a price, that property is referred to as Freehold Property. Unlike in the case of leasehold property, no annual lease charges need to be paid and the freehold property can be registered and / or transferred in part(s).

An agreement of sale, coupled with actual possession of the property would be considered as a conclusion of the sale. Usually, the entire amount is paid at the time of handing over possession.

Stamp duty is based on the market value or the agreement value of the property, whichever is greater.

Typically, if a real estate agent is asked to judge the value of a piece of property, he would do so based on information of recent sales or purchases of similar properties in that area.

Though this may give a fair idea of the property's market value, an official property valuation would carry more weight. E.g. if you need to use this piece of property as a security against a loan, the bank's loan approval process would be faster and smoother if the property is certified by an official valuer. Many banks now insist on valuation certificates before issuing loans using properties as security. The value thus certified may also have chances of getting a higher amount of loan sanctioned.

Another benefit of official valuation is that it is a useful negotiating tool when selling the property.

Such certification also becomes essential in situations where the correct value of the property has a legal bearing—such as, a will statement, insurance papers, business balance sheets etc.

Carpet Area Carpet Area property is defined as net usable area from inner sides one wall to another Carpet Area comprises the carpet area the demised premise toilet areas with in demised premises AHU rooms with in demised premises dedicated service areas for demised premises

Built-up Area (BUA) BUA consists carpet area ,area covered by inner/outer walls additional areas mandated by authority such as flower beds dry balcony etc.

Super Built-up Area (SBUA) SBUA consists BUA the proportionate area under common spaces a building like lobby staircases elevators.