WHAT IS RAJA CHITHI ( commencement certificate )? A commencement certificate is a document that proves the legitimacy of a real estate project. We explain what exactly a commencement certificate is and its importance for a developer, as well as a home buyer. A commencement certificate is a document from the local municipal authority that permits the developer to begin construction of the project. The commencement certificate (or CC) is usually granted, only after the developer has met the legal requirements and obtained the relevant sanctions for the building’s plan. Before beginning the construction of a new building or project, the developer must obtain a commencement certificate from the local authorities. Once the developer submits his plan for the project, the municipal authority will begin conducting several preliminary checks, before authorising that the project is fit for commencement. During this time, the developer must be able to provi...
WHAT IS SATAKHAT ? The Satakhat is a vernacular word for the agreement where by the executor agrees to sell but not exactly sells the property it is always an agreement to sell under certain terms and conditions. If it is registered the other party can not sell it to any third party without taking NOC from the other party of the Satakhat. Mostly in cases of the Loan the repayment is guaranteed by the satakhat against any property where in case the repayment of loan dues is not done by any cause the loan amount can be derived out of the Satakhat Property. It\'s enforcement is depend on the terms and conditions which are mentioned in it and the time is the essence of these agreements to sell. Where by the sale deed is a deed of instant sale against a consideration amount and physically handing over the possession of the property to the purchaser which is an essential ingredient of the sale deed.
WHAT IS SLAB ? Slab is an important structural element which is constructed to create flat and useful surfaces such as floors, roofs, and ceilings. It is a horizontal structural component, with top and bottom surfaces parallel or near so. Commonly, slabs are supported by beams, columns (concrete or steel), walls, or the ground. The depth of a concrete slab floor is very small compared to its span. The forces transfer from slab to beams occur either in one way or in two ways. The total system completely counts on the geometrical dimensions of the slab. Slabs may be supported by columns only, in this case two way action will prevail. If the ratio Long side / short side < 2 it is considered as 2-way slab, and if Longer side to shorter side greater than 2 then it is considered as 1-way slab. The load transfer mechanism from floor slab to supporting elements for one way slab ...