Saakaar Constructions Interview Questions, Process, and Tips

Q1. Why real estate?
Ans. 
Passion for helping people find their dream homes and investment opportunities.
• Enjoy working with people and helping them achieve their real estate goals

• Fascinated by the ever-changing market trends and opportunities

• Thrilled by the challenge of negotiating deals and closing sales

• Passionate about the potential for financial growth and investment in real estate
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Q2. What is EBITDA ?
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EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance.
• EBITDA is calculated by adding back interest, taxes, depreciation, and amortization to net income.

• It is used to analyze and compare profitability between companies and industries.

• EBITDA helps in assessing a company's ability to generate cash flow.

• Investors often use EBITDA to evaluate ...read more
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Q3. Draw the map of north Bangalore with utmost accuracy and project.
Ans. 
I am unable to draw the map of north Bangalore with utmost accuracy and project without the necessary tools or resources.
• I do not have the necessary tools or resources to accurately draw the map of north Bangalore.

• Without access to a map or satellite imagery, it would be challenging to accurately depict the area.

• I recommend using online mapping tools or physical maps for accurate representation.
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Q4. Pitch a project of your choice and depitch it's one strong competitor.
Ans. 
Pitching a project to implement a customer loyalty program for a retail store and depitching a competitor's similar program.
• Propose a customer loyalty program that rewards customers for repeat purchases and referrals.

• Utilize a points-based system where customers can earn points for each purchase and redeem them for discounts or free products.

• Implement personalized offers and discounts based on customer shopping habits ...read more
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Q1. Calculate the final value a customer has to pay for project Nikoo 5
Ans. 
To calculate the final value a customer has to pay for project Nikoo 5
• Determine the initial cost of project Nikoo 5

• Add any additional costs such as taxes, fees, or upgrades

• Subtract any discounts or promotions

• Consider any financing options or payment plans

• Calculate the total amount the customer has to pay
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Q2. What is the difference between godrej finance plan and normal bank loan plan with example.
Ans. 
Godrej finance plan offers customized financial solutions with flexible repayment options, while normal bank loan plan follows standard procedures and terms.
• Godrej finance plan offers personalized financial solutions tailored to individual needs, while normal bank loan plan may have fixed terms and conditions.

• Godrej finance plan may provide more flexible repayment options such as lower interest rates or longer repaymen...read more
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Q3. Tell me what you know about RERA and its major acts.
Ans. 
RERA stands for Real Estate (Regulation and Development) Act, which aims to regulate the real estate sector and protect the interests of homebuyers.
• RERA was enacted in 2016 to bring transparency and accountability in the real estate sector.

• It mandates the registration of real estate projects and real estate agents with the regulatory authority.

• RERA ensures timely completion of projects and protects buyers from unfair p...read more
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It is combination of logical reasoning, quant, and english. Honestly it is quite tough being prepared is suggested.

Q1. Family background
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Q2. Previous organisations
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Q3. Road map of railway
Ans. 
The road map of a railway system outlines the network of tracks, stations, and connections for trains to travel on.
• The road map includes all the tracks, stations, and junctions in the railway system

• It shows the routes that trains can take to reach different destinations

• The road map may also include information on train schedules, stops, and connections

• Railway companies often update their road maps to reflect changes in
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Q1. How many types of waterproofing
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There are several types of waterproofing methods used in construction to protect buildings from water damage.
• Membrane waterproofing

• Cementitious waterproofing

• Crystalline waterproofing

• Bituminous waterproofing

• Polyurethane liquid membrane waterproofing
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Q2. What is the laying process of Italian marble and what is the difference between dry and wet cladding.
Ans. 
The laying process of Italian marble involves preparing the surface, applying adhesive, placing the marble, and grouting. Dry cladding involves fixing marble without water, while wet cladding involves using water during installation.
• Prepare the surface by cleaning and leveling it

• Apply adhesive on the back of the marble slab

• Place the marble slab carefully on the surface

• Grout the joints to fill in any gaps

• Dry cladding do...read more
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Q1. Tell me about your experience
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Q2. What is the contribution that you made to the company
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Q1. Can you introduce yourself?
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Q1. Share your strength
Ans. 
My strength lies in my ability to analyze complex structural problems and come up with innovative solutions.
• Strong analytical skills to identify key issues

• Ability to think creatively to find unique solutions

• Experience in using advanced structural analysis software

• Effective communication skills to collaborate with team members and clients
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Q2. Explain how do you overcome your weakness
Ans. 
I overcome my weaknesses by acknowledging them, seeking feedback, setting goals for improvement, and continuously working on them.
• Acknowledge the weakness and accept it as a part of personal growth

• Seek feedback from mentors, colleagues, or supervisors to gain different perspectives

• Set specific and achievable goals for improvement

• Develop a plan or strategy to work on the weakness consistently

• Reflect on progress regularl
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Q1. TDS, Adjustment Entry
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Q2. GST Output & Input Entry
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Q3. Section of TDS 194C limit rate of dudction
Ans. 
Section 194C of TDS sets the limit for deduction rates.
• Section 194C of TDS pertains to payments to contractors/sub-contractors.

• The current rate of TDS deduction under section 194C is 1% for individual or HUF payers and 2% for others.

• If the payee does not provide PAN, the TDS rate under section 194C is 20%.

• The threshold limit for TDS deduction under section 194C is Rs. 30,000 for a single payment and Rs. 1,00,000 for ag
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Q4. GST Input & GST output of Adjustment Entry
Ans. 
GST Input & Output Adjustment Entry is used to correct errors in reporting GST liabilities and claiming input tax credits.
• GST Input Adjustment Entry is used to correct errors in claiming input tax credits for purchases subject to GST.

• GST Output Adjustment Entry is used to correct errors in reporting GST liabilities for sales subject to GST.

• These adjustments are necessary to ensure accurate reporting and compliance with...read more
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Q5. Gst Input show in which side of balance sheet
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GST input is shown on the asset side of the balance sheet.
• GST input is considered as an asset because it represents the amount of GST paid on purchases that can be claimed back.

• It is typically shown under current assets if it is expected to be recovered within one year.

• For example, if a company has paid $1,000 in GST on purchases, it would show as GST input $1,000 under current assets on the balance sheet.
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