Frequently Asked Questions
Freehold.
Any citizen of India can buy property. In the case of NRI’s, an OCI card is mandatory.
The approved plans are passed by the Authorities as a project and community villas and not as individual villas. The said villa forms a part of a larger community. The land is for exclusive use only and cannot be partitioned and shall not be construed to be a sale of land based on the agreement.
No. The partition cannot be done as it is part of the community and not an individual villa.
These are not custom-built homes, so we do not allow any customization.
No. Structural changes cannot be done. Only interiors of the villa/apartment can be changed provided prior permission is taken from the Builder/Society.
Since our projects are designed for all communities, they are not designed to be 100% Vastu compliant.
Mainly due to safety and security reasons. Given that there is no control on the third party/agency subletting to questionable individuals or individuals indulging in questionable practices.
As part of the rental agreement, the guest is not allowed to create any discord within the community and is bound by rules and regulations of tenancy.
The builder shall have no objections to rentals through OWV.
The owners cannot stop the others from renting as the rental clause is mentioned in the Sale agreement/Sale deed.
Yes. The maintenance of the property will be taken care of by the developer until the owners wish to form a society.
If the owners wish to form a society, then the majority members can come together to form a society. They must fill out the form and get registered under Goa Co-operative Societies Act before the Assistant Sub-Registrar of the Co-operative Societies, at which point the obligations of the builder to the project will end. Post formation of the society, the members can choose their own agency for the maintenance of the premises.
Maintenance covers common area maintenance, security, accountancy charges, gardening, common area electricity bills, cleaning materials, pool maintenance, etc.
The warranty of the structure is specified in the warranties and guarantees in the Agreement to Sale.
In Goa two documents are registered: (i) Sale Agreement without possession, i.e., when the property is under construction and (ii) Sale Deed with Possession, i.e., after the handover of the property. The registration process involves the document being uploaded to the NGDRS site for the Sub-Registrar's approval, which takes a minimum of 15-20 days. Once approved, an appointment is fixed after the payment of stamp duty and registration fees.
The draft shared is a standard document for intimation purposes only. No changes are allowed, as all clients are bound by the same rules and regulations applicable to the entire project.
These are confidential documents and can be shared only once the unit/villa has been confirmed after the payment of the booking amount. If a client wishes to view the documents before confirming the unit, they can do so in person at the office of RIO LUXURY HOMES PVT LTD. If, post-booking, the client finds any faults in the documents, the entire amount paid will be refunded with an interest of 18%.
50% of the booking amount will be charged as a cancellation fee. In case of faults in our documentation, no cancellation charges will be applicable.
During construction, cancellation charges will apply. After construction but before executing the Sale Deed, cancellation charges will apply. Post-execution of the Sale Deed, once 100% payment is made, the client can avail the resale option.
