Que : What is FSI?
Ans : Floor Space Index(FSI) means the quotient of the ratio of the combined gross floor area of all floors excepting areas specifically exempted under these Regulations to the total area of the plot.

Que : Society charges us heavy amounts and even deposits if we give our apartment on Leave and Licence basis without payment of past dues which are in litigation? Would occupation by the occupant create more trouble for him and me?
Ans : Although there are no fixed rules on the subject. However the society must be reasonable in all matters and if it is charging an exorbitant amount you could approach the Registrar of Co-operative Societies.

Que : What is the difference between lease and leave and licence agreement?
Ans : Lease is defined under Section 105 of The Transfer of Property Act,1882 and a lease of immoveable property is a transfer of a right to enjoy such property for a certain time or in perpetuity on consideration to be rendered periodically or on specified occasions, while a licence is defined in Section 52 of the Indian Easement Act,1882 and it does not create any interest in the premises in favour of the licensee excepting a mere right to use and occupy the premises for a limited duration. Both documents have now to be registered. A lease deed is required to be stamped and registered. However the stamp duty payable on lease is more than on Leave and Licence for a period upto three years. For a period exceeding three years the stamp duty is same for both agreements. The implications of entering into a lease agreement would be: i) That stamp duty would have to be paid ii) That the document would have to be registered iii) That Municipal taxes may go up iv) Of course, Income-tax would have to be paid on your income; and v) The question of Wealth-tax would have to be considered. One property is exempt from Wealth-tax. However, if you have any other property, this implication would have to be considered.

Que : What documents do I need to book a flat in a group housing?
Ans : You would need the following:
Application form duly filled, copy of your PAN number, a passport size photograph, and a cheque/draft for 10% of the basic sales price in favor of the developer.

Que : What is' Super Area?
Ans : Super Area is the sum of apartment area and its pro-rata share of common areas in the entire said building