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CSR

The CSR process starts by analyzing business footprints on sustainability. it includes participatory assessment of actual and even potential negative or positive impact of business on natural, social, human, physical or financial resources in its surrounding. This process encourages internal transformation to offset negative and to enhance positive impacts.

For improving business footprint on financial capital in its surrounding, CSR strives to improve livelihoods. Skill up-gradation, improving credit availability and technology transfer to improve productivity are some examples of livelihood initiatives. For natural capital CSR invests in Natural Resource Management (NRM).

Environmental projects such as soil and water conservation, tree plantation and biodiversity promotion are some of the NRM projects. For strengthening social capital CSR supports organization building and empowerment of local communities. To deal with expectations for jobs CSR invests in human capital through projects like vocational training, e-learning and medical support. To improve physical capital we have projects to improve basic civic amenities and infrastructure.

We believe CSR is a journey which will continue till the business exists.

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.

The area of an apartment or building, not inclusive of the area of the walls is known as carpet area. This is the area that is actually used and in which a carpet can be laid. When the area of the walls including the balcony is calculated along with the carpet area, it is known as built-up area. The built-up area along with the area under common spaces like lobby, lifts, stairs, garden and swimming pool is called super built-up area.

Co-operative Housing Societies have a statutory obligation to collect a Sinking Fund. This is done so that in case the building needs to be repaired or reconstructed in the future, the society has sufficient funds to carry out the work. The amount to be contributed is decided by the General Body of the society; it should be at least ΒΌ percent per annum of the cost of each apartment, excluding the cost of the land. This fund may be used after a resolution is passed at the General Body meeting with the prior permission of the Registering Authority. This could be to carry out reconstruction, repairs, structural additions or alterations to the building as the architect thinks is required and certifies.

A lease agreement can be reached in either of two ways, depending upon each case: In cases where the lease contract is from year-to-year / exceeding one year's rent / reserving yearly rent, then a registered instrument can be created, which both the lessor and the lessee must execute. In cases other than the above, an oral agreement followed by delivery of possession is considered enough.

When a gift of property is made, a gift deed needs to be made by a lawyer. Stamp duty on the market value of the property also needs to be paid, as well as the necessary registration charges.

No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farm house.

A lease agreement can be reached in either of two ways, depending upon each case: In cases where the lease contract is from year-to-year / exceeding one year's rent / reserving yearly rent, then a registered instrument can be created, which both the lessor and the lessee must execute. In cases other than the above, an oral agreement followed by delivery of possession is considered enough.