Venkatesh Palolem Pearl

Property Details

Micro-market

Palolem

Configuration

1, 2 BHK Apartment

Property Type

Apartment

Built-up Area

447 sq ft

Status

Under Construction

Project Timeline

Key milestones for this project, updated as the developer confirms them.

Available Properties

Project variants for under-construction developments - unit types, sizes, starting prices and possession dates.

Inventory Type

Amenities

Property Information

Legal Information

Indicative legal & tax information based on available documents; verify with your lawyer before transacting.

RERA Applicable

Yes

Occupancy Certificate

No

Fire NOC

No

RERA Number

PRGO11232117

Can you own this, and how?

Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.

I am buying as:

Status

• Permitted, freehold

What you actually hold

• You hold freehold title to the flat or house, plus an undivided share in the land and common areas. In a society or apartment association you also hold membership rights.

Key rules and restrictions

• The sale deed must be registered at the sub-registrar office in whose jurisdiction the property sits.
• Under-construction stock should be RERA registered in the state.
• A resale flat needs a no-objection certificate from the society and proof that maintenance dues are clear.

Funds and process

• Domestic funds. Cash consideration of Rs 20,000 or more is barred under section 269SS. The buyer deducts 1% TDS under section 194-IA where the consideration is Rs 50 lakh or more.

Taxes

• Stamp duty runs about 5% to 8% of the higher of consideration and circle rate, and registration fee is usually 1%. Several states give women buyers a rebate of 1% to 2%. Long term capital gains on a holding of over 24 months are taxed at 12.5% without indexation, with a 20% indexed option for residents on property bought before 23 July 2024.

Verify before you buy

• Pull the encumbrance certificate for at least the last 30 years.
• Match the khata or property tax record to the seller's name.
• Confirm the occupancy certificate exists for a completed building.

Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in India before you commit.

About the developer

Location

Palolem, Goa, India

• Airport: Goa International Airport (Dabolim) - 60.6 km
• Airport: Mopa Airport - 99.1 km
• Railway: Canacona Railway Station - 3 km
• Highway: NH 66 - 4 km
• Hospital: Canacona Primary Health Centre - 3 km
• Grocery: Palolem Market - 1 km

Social Infrastructure

Key education, healthcare, and dining amenities near this property.