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Faq

Q1.    What is EMI Group of Companies?
Ans.    EMI group is a famous prestigious group which has been working with lacs of satisfied customers around the country from last more than 06 years. It is a group of more than 05 lacs people which has been achieved the success in the field of Ayurvedic products, Electronics, along with job Placement, and Real estate.
Q2.    What is Estate masters Infra?
Ans.    Estate masters Infra is a limited company. It works under registered common seal of Indian Govt. and it is also registered under Ministry of Co-operate Affairs through which we can do purchasing & selling of property.
Q3.    Is EMI registered under RBI or SEBI Act. Does company have approved license of NBFC (Non Banking Financial Companies)?
Ans.    M.C.A. registration is compulsory for a company to do business of property and real estate. DLF, OMAXE, Ansal etc. are MCA registered companies instead of RBI/SEBI. To borrowing money on interest basis, it is mandatory to register with RBI/SEBI & NBFC. In this way Estate Masters infra is MCA registered and ISO certified Real Estate Company & is not working as NBFC.
Q4.    Will company really give us Plot or Flat?
Ans.    Yes, company provides you Plot or Flat on completion of your respective installments on time.
Q5.   Can we choose the place of Plot or Flat ourselves?
Ans.    Yes, you can select Unit of your choice in case of short term plan because Map is available along with it. But in case of long term Plan its take time for development. Because of this no choice option you get option to buy Plot at less rate as compare to market.
Q6.    Can we re-sell Plot, Flat & Agricultural land after purchasing from company?
Ans.    Yes, you can do so, For this you have to give your written consent on a Stamp Paper to company which includes your permission to transfer the Ownership and you have to pay 3% charges from total amount of the above said Units to the company.
Q7.   Can we Re-sell the Plot to the company?
Ans.    Yes, you can re-sell the Plot (in case of long term Plan) to the company after completion of plan (In some cases before too).
Q8.   What will be the next step if we do not pay installments on time?
Ans.    You can continue your account by paying your installment at simple interest.
Q9.   Can Section 4 Land be used for Plotting?
Ans.    No, this land can be used only for Farm house & Eco-friendly resort (Tourism).
Q10.   What action will be taken if a plot holder is unable to pay next installments?
Ans.    If a plot holder is unable to pay next installments then he can re-sell plot to another customer either on the basis of profit or the basis of no profit no loss and then he is free from installments. But by Law Company require installments on time for timely execution of project.
Q11.    Can we get registry by paying all amounts in advance?
Ans.    It depends upon property plan. In some short term plan & in some upcoming plans you can get registry and possession by paying the entire amount in advance. But in the case of townships (Long Term Plan) company has to develop the whole city with similar design which involves some time.
Q12.    Can we visit the land?
Ans.   Yes, you can visit the land. Company provides you facility for this.
Q13.   Who pays the expenses of Registry and Agreement to sell “Customer or Company”?
Ans.    According to Property Traditional Rules, purchaser is responsible for all the expenses of agreement to sell & registry. Agreement starts from Rs. 25/- upto Rs. 2000/-& it depends upon the purchaser choice.
Q14.   What is the procedure to join sale purchase business in EMI?
Ans.    You receive a code after joining or purchasing a plot and after this on your code you can do sale purchase business on reasonable commission basis. But in the market, there is only 1% commission.

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