Why should I choose Ebrix Real Estate?

Ebrix Real Estate, established by industry experts, has a proven track record of helping numerous clients successfully buy and sell their properties. With a dedicated team, we are committed to providing exceptional service and guidance throughout the real estate process.

In which cities does Ebrix offer its services?

Ebrix operates in multiple cities across Delhi/NCR. We are dedicated to serving clients in these areas and assisting them in their property transactions.

What types of properties are listed on Ebrix's platform?

At Ebrix, we list a diverse range of residential real estate properties, including apartments, villas, and plots. Our comprehensive listings cover various property categories, including new developments, resale properties, under-construction projects, and upcoming opportunities. We aim to provide a wide selection of options to cater to different preferences and requirements.

Who should I contact if I have any issues or inquiries?

Our customer care service team is available seven days a week, from 8:30 am to 7:30 pm, to assist you. You can reach out to them by calling 7400-7900-91 or by emailing support@Ebrix.com. We are dedicated to addressing your concerns and providing timely support.

How can I purchase a property through Ebrix?

To buy a property through Ebrix, follow these steps: Visit our website. Browse through the listed properties and select the one that meets your criteria. Submit an inquiry for the selected property. Schedule a site visit with our property experts to explore the property in person. Close the deal: We will handle the legal paperwork, facilitate home loans (if required), and manage all necessary documentation with the builder and the bank. We ensure a seamless buying process for our clients.

How soon can I expect a response after placing my requirement?

At Ebrix, we strive to respond promptly to your inquiries. If you submit your requirement between 9 am and 10 pm, you can expect a call back from us within 10-15 minutes. For inquiries received outside this timeframe, we will reach out to you on the following day.

Do you offer home loan services?

Yes, we have collaborations with leading banks in the country, including HDFC Bank, ICICI Bank, Axis Bank, Indiabulls, and PNB. Through these partnerships, we offer home loan services to facilitate your property purchase. Our team can guide you through the loan application process and connect you with the appropriate financial institutions..

What documents does a buyer require from me when selling my property?

When selling your property, the buyer may request the original Sale Deed, Title Deed, relevant tax receipts, and an Encumbrance Certificate.

Who is responsible for paying the stamp duty, the seller or the buyer?

The stamp duty is typically paid by the buyer.

Are there specific procedures or forms to be filled out during the execution of the Sale Deed or Transfer Document?

Yes, the procedures and forms may vary depending on the state where the property is located. Each state in India has its own set of forms under the registration rules, which need to be filled out and filed during the registration of the Sale Deed or Transfer Deed.

Is it mandatory to provide PAN card numbers for the buyer and seller during a sale transaction?

Yes, as per the Income Tax Act and rules, it is mandatory for the buyer and seller to provide their PAN card numbers. In the event of a sale, either the seller or the buyer is required to fill out Form 60 of the Income Tax.

Do Non-Resident Indians (NRIs) need to fill out Form 60 of the Income Tax for a property sale?

If the buyer or seller is an NRI who is not assessed for taxes in India, they would not be required to file Form 60 of the Income Tax.

Is it mandatory to register documents for the sale of a property?

Yes, it is mandatory to register the sale documents at the sub-registrar's office in the respective district.

When the sale of a residential property considered is formalized?

The sale of a residential property is considered formalized when the seller has received the entire consideration amount, the registration of documents has been completed, and the buyer has been granted actual possession of the property.

I am a property broker. How can Ebrix help me?

As a property broker, you can list the properties available for resale on our website through an enquiry form. By registering with Ebrix as a broker, you can connect with numerous potential buyers without incurring any additional charges.

How soon can I expect a call back after posting my property for sale on Ebrix?

If you post your property requirements between 9 am and 10 pm, you can expect a call back within 10-15 minutes. For enquiries received outside this timeframe, we will contact you on the following day.

How can I sell my property with Ebrix?

To sell your property, simply fill out the enquiry form available on the homepage of our website. Our team will guide you through the process and assist you in selling your property efficiently.

How many properties can I own?

At Ebrix, you have the freedom to own as many properties as you desire.

How can I qualify for exemptions on Capital Gains Tax?

To qualify for exemptions on long-term Capital Gains tax, you have the following options: Buy or construct a new house: Purchase or construct a new house within one year before or two years after selling a property. The construction should be completed within three years from the date of transfer, and the property should not be sold within three years of purchase or completion.

Capital Gain Account Scheme (CGAS): Save the money received from the sale in designated banks through CGAS, which allows you to defer tax payment and invest the funds later.

Invest in bonds: Invest in financial assets or bonds issued by authorized entities within six months of property transfer, with a maximum investment limit of Rs 50 lakhs.

What is the difference between long-term and short-term Capital Gains?

If you sell a property within three years of ownership, it is considered a short-term capital asset, and the gain is treated as short-term Capital Gain. There are no tax exemptions for short-term Capital Gains, and the tax must be paid based on the applicable tax slab.

For properties held for more than three years, they are considered long-term capital assets, and the resulting gain is termed long-term Capital Gain. Long-term Capital Gains enjoy a flat exemption rate of 20%.

What are Capital Gains on property purchase?

Capital Gains Tax is levied on the gains from the sale of a property, which is considered a capital asset. These gains are calculated after adjusting for factors such as inflation rate, transfer charges, and renovation costs.

Do I need to pay stamp duty for property transfers or gifts?

Yes, stamp duty is applicable for property transfers or gifts. The rate typically ranges from 5% to 12% in most states, with some concessions for female transferors in certain states.

What is Stamp Duty, and who is liable to pay it? Are there any tax benefits?

Stamp Duty is a tax paid for the legal recognition of property. It is generally paid by the home buyers. You can claim tax benefits of up to Rs 1.5 lakhs on stamp duty and registration charges for a new property purchase or house construction. However, these benefits apply to only one self-occupied property.

What are the current rates for property taxes?

The current rates for property taxes vary based on different factors such as TDS (1% on properties exceeding Rs 50 lakhs), stamp duty (varies by state and municipality), and service tax (14% on car parking and preferential location charges for properties below Rs 1 crore).

What taxes do I need to pay before buying a property?

As a buyer, you are required to pay the following taxes: TDS (tax deduction at source) on property purchases exceeding Rs 50 lakhs (excluding agricultural land).

Stamp duty as per state and municipal laws.

Service Tax, applicable when purchasing a property directly from the builder before possession.

Value Added Tax (VAT) if applicable in your state.

How can I convert a leasehold property to freehold?

The possibility of converting a leasehold property to freehold depends on local laws and regulations. For example, properties under DDA (Delhi Development Authority) can be converted to freehold through a Conveyance Deed, while it may not be allowed for properties owned by the Noida Authority.

What is the difference between leasehold and freehold property?

Leasehold property is owned by the local authority or government, with ownership granted to the leaseholder for a specific period, typically ranging from 99 years to 999 years. The leaseholder has the right to occupy and use the property during the lease period but does not have absolute ownership. At the end of the lease term, the property reverts back to the original owner unless the lease is extended or renewed.