Fortune Fields
 
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What is the process of buying a home at Indu Fortune Fields?
The first step is to come over to the site office and get an understanding of the project. In case you have decided to buy a home, you will reserve it by filling in a Registration Form. The next step would be to book your home by paying the Booking Amount and filling the Booking Form on which we will issue an Allotment Letter to you. Shortly, we will sign an Agreement of Sale that enlists the roles and responsibilities of both parties and the structure of the payments. Upon completion of the construction a Sale Deed will be executed.

What is the difference between built up areas, super built up area and carpet area?
The carpet area is the area of the villa or apartment, which does not include the area of the walls. The built up area includes the area of the walls also. The super built up area includes the common spaces such as lobby, stairs, lifts etc. apportioned to the built up area.

Why is the Corpus Fund/Sinking Fund collected?
Co-operative Housing Societies have a statutory obligation to collect a Sinking Fund. This is done to take care of the future expenses towards major repairs/uplift of the building if required. The amount to be collected is decided by the General Body of the society. Since the General Body of the Society would not be in place by the completion of the construction, the promoter would undertake the responsibility of collecting a certain amount, depositing the same in a bank and handing over the account to the General Body once it is constituted.

What is not included as part of the base price that I pay?
The items not covered as part of the base price are Stamp Duty and Registration expenses, Water and Electricity expenses, Car Parking charges (not applicable for villas), Corpus Fund/Sinking Fund and the Club House Membership Fee, etc.