Tax charges at Assetz Marq

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Hi Friends,

Please clarify the below doubts for me

1) Assetz Marq charging 10.15% as VAT charges, whereas other A list builders like Prestige is charging only 4%

2) Assetz claims to be charging  registration cost on guidance value  which is 1000Rs/sqft. whereas other builders charge 6.7% of basic cost. Which one is appropriate and believable

3) Assetz Marq provides 1800 apartments in 23 acres which makes around 79 apartments/acre which is too high. They claim that as per the FSI standards. I am worried about my undivided share

4) Have they got BDA and other approvals for the entire 23 acres or is it only for the neighbourhood1 which is open for sale?

5)Is there a service tax on car parking?

6) The Big  Question…Is Assetz a trustworthy group with healthy balance sheets and profit margins. Havent seen much of their projects!!!

 

Expecting a positive reply from the group

 

Thanks

Pradeep

asked July 20, 2014

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