NRI Corner - Goel Ganga Developments

Loading...

Tax Implications for NRIs

Tax Implications for NRIs

When investing in real estate in India, Non-Resident Indians (NRIs) are subject to registration fees and stamp duty at the time of purchase. However, they…

Rules and Regulations for NRIs investing in Real Estate in India

Rules and Regulations for NRIs investing in Real Estate in India

For Non-Resident Indians (NRIs), investing in residential or commercial properties in India is a straightforward process, with no restrictions on the number of properties they…

Pune Real Estate: A Magnet for NRIs and Investors

Pune Real Estate: A Magnet for NRIs and Investors

Amidst soaring property prices in India, the real estate market in Pune emerges as a beacon of opportunity, attracting substantial investments from both residents and…

Pune: Retirement City

Pune: Retirement City

Nestled amidst serene landscapes and embraced by warm, welcoming residents, Pune emerges as a haven for the elderly seeking a peaceful retreat and rejuvenating getaways.…

Transformative Infrastructural Endeavors by PMC

Transformative Infrastructural Endeavors by PMC

As Pune burgeons into a bustling metropolis, the Pune Municipal Corporation (PMC) spearheads a series of visionary infrastructural projects aimed at propelling the city towards…

IT in Pune

IT in Pune

Derived from the Sanskrit word 'Punya' meaning holy, Pune's legacy traces back centuries, evoking a sense of reverence and historical significance. The city's journey began…

Channel Partner Registration Terms and Conditions

First Customer Visit: The first visit of the customer must be with the Real Estate Agent or confirmed via email for the meeting. If it is found that the client has already visited directly, no brokerage will be given to the broker.
Brokerage Payment: A brokerage of 2% of the flat consideration value for all projects of the company will be payable upon receipt of 20% of the Flat Consideration value and on registration of the Agreement for Sale.
Payment Currency: All payments to Real Estate Agent shall be made in Indian Currency after deduction of applicable taxes. The payment shall at all times be subject to being permitted and valid under applicable policies, laws, orders, and regulations.
Invoice Requirements: The Real Estate Agent shall raise an invoice for the amounts payable by the Company with proper GST Number & Pan Card Details. Each invoice shall be delivered to the address of the company specified by the Company, by courier or by hand delivery, and the Company agrees to acknowledge the same.
Payment Timelines: Subject to the fulfillment of Condition (3), the Company shall attempt to pay the Commission within 30 days of receipt of the invoice. All payments shall be made subject to deduction of tax at source.
Client Visits: If a transaction could not be concluded during his visit & client comes after three months without the Channel partner, then the lead will be considered fresh unless the customer walks in with the Channel partner.
Sharing of Brokerage: If a client has made the first visit with one Real Estate Agent and the second visit with another Real Estate Agent, the brokerage will be shared equally.
Transaction Timeline: For all types of Transactions, the booking has to happen within 60 days from the date of the first visit only then the brokerage will be given to the Real Estate Agent.
Marketing Guidelines: The Real Estate Agent will only market the project by giving the marketing collaterals provided to him/her/them by the company and not misrepresent anything which is not being provided by the company.
RERA Compliance: The Real Estate Agent shall have to mention his RERA Registration Number and also project Registration Number under RERA in all his presentations either or of website /public platform/marketing material or such other material.
Misrepresentation: In the event it appears that the Real Estate Agent has in any way misrepresented the project details and/or overcommitted any amenity/facility which is not there on the RERA website then the Real Estate Agent shall only be responsible to make good any loss that may be caused to the company. Further, the company may at its option cancel the registration of the Real Estate Agent.
Marketing Material Approval: In case any marketing material that has been created by Real estate Agent, the same needs to be approved by the Company.

Required Mandatory Documents for Registration:

Completely filled Channel Partner registration Form
Copy of RERA Certificate
Visiting Card
1 Photograph
Address proof
Copy of Competency Certificate

All Channel Partners should have RERA Registration Number, GST Number, and PAN Card Number.

Goel Ganga Developments | Bund Garden Rd, opp. The Poona Club, Camp, Pune, Maharashtra 411001 | ask@goelganga.in | +91 2026124265 / 67 | www.goelganga.in