Frequently Asked Questions

1.What is the starting price?

        -₹3,499/sq.ft

2. Where is Manyata Midlands located?

          Next to Sairam college, Gudnahalli, Anekal

3. What is the total area of Manyata Midlands?

          30 Acres

4. Total number of plets in Manyata Midlands?

          485 plots

5. What are the dimensions available at Manyata Midlands?

          30X40, 30X50 and 40X60, All are Vaastu compliant plots and are East & West facing

6. What are the key amenities at Manyata Midlands?

          Refer Brochure.

7. Is Manyata Midlands RERA approved?

          PRM/KA/RERA/1251/308/PR/230123/005662

8. Can I get bank loan for purchasing the plot at Manyata Midlands?

          Yes- from all major banks

9. What is the completion date of Manyata Midlands?

          December-2027

10. What is the clubhouse completion date at Manyata Midlands?

          December-2027

11. What is the total area size of the clubhouse?

          15,000 Sq. Ft

12. When can the house construction start et Hanyata Midlands?

          After registration of the plot

13. What is the procedure to book a plot at Manyata?

          A Cheque/DD/Online Transfer of 10% (of agreement value) on the cost sheet would suffice to book a plot at Manyata.

14. What is the complete procedure of agreement?

          The due payment for agreement of 25% (of agreement value) has to be cleared within 10 days from the date of booking. The CRM team from Manyata will come up with a dato for execution of agreement.

15. What is the duration of time that we get to have a legal check from our advocate after booking a plot?

           A period of 10 days in between the process of booking and agreement. Both the agree ment and legal check has to be cleared within a span of 10 to 15 days from the day of booking

16. When shall the Roisase Letter/Release Order arrive?

          Once the development is completed. Hanyata applies for the release of sites from the concerned authority. Once such release meeting is conducted in the concerned authority, the authority releases the site giving us with the Release Order, Release Order is entirely dependent on the concerned Government Authority/Release Order is neither required to book a plot nor to have the agreement executed. The promoter can sell the property/execute the agreement accordingly having necessary approvals from the concerned authorities.

17. What documents do I need to check If I am buying a resale property?

          Clear and marketable Title. Sale Deed. Encumbrance Certificate, latest tax receipts, Plan Approvals and Release Order,

18. When shall the Khata arrive in builder's name?

          Once Manyata avalls release order from the concerned authority, the former applies for Khata at the concerned Government Body. Thus. Khata for each plot will be received before final registration or Sale Deed.

19. What is the payment plan to have the plot registered?

          Below is the payment plan with timeline to have the plot registered: 10% on booking. 15% on agreement/before agreement (within 10 to 15 days from the day of booking). 75% on registration/before registration [(within 30 days from the day of booking or within 5 days from the day of arrival of Khata from the concerned authority) (whichever occurs later)].

20. What is the timeline for agreement and registration after booking a plot at Manyata?

          The entire process has to be completed within 30 days from the day of booking. It is highly recommended to get the agreement executed within 10 days from the day of booking so that, the banker [home loan) will ensursimely completion of the procedure of registration within 30 days from the day of booking.

21. is it mandatory to make the payment of 25% to avail home loan?

          Yes, it is mandatory to make the payment of 25% upon which, the banker will disburse the loan amount depending on the buyer's eligibility.

22. Do you offer home loan services?

          Yes. We have tie-ups with some of the leading banks in the country such as the HOFC Banic SBI, ICICI, Axa Bank, LIC, BOB and other major banks.

23. What is the procedure to avail home loan?

          Provide banker with required documents after agreement execution. Also provide them with the original copies of agreement whenever they ask for. The disbursement of loan amount will be ready within 4 to 7 working days from the day you provide them with all the required documents.Manyata highly recommends all our clients to contact the banker whom we are associated with, to ensure hassle free process of lean without hindrances,

24. What is the procedure for registration?

          The entire payment for registration has to be cleared within 15 days from the date of release order. The CRM team from Manyata will come up with a date for registration. Make your presence (along with co-applicants and the required documents. If any) on the day, time and venue scheduled by the CRM team.

24. What is the procedure for registration?

          The entire payment for registration has to be cleared within 15 days from the date of release order. The CRM team from Manyata will come up with a date for registration. Make your presence (along with co-applicants and the required documents. If any) on the day, time and venue scheduled by the CRM team.If you are availing home loan, a DD from the banker has to be readily printed before 3 days from the day of registration. A copy of the DD should be sent to the CRM team so that, our CRM team ensures smooth registration. If you are not availing home loan, entire amount has to be credited in our respective accounts on or before 7 working days from the day of registration.

25. How long will it take to complete the process of agreement & registration at The Sub Registrar's Office?

          Agreement and Registration usually take 3 to 4 hours at the Sub Registrar's Office depending on the crowd on that particular day. The time taken for entire procedure to complete is also subjected to the speed and accuracy of server at The Sub Registrar's Office. However, Manyata ensures to complete the entire process within an hour's time or two if one makes their presence exactly at the time scheduled by the CRM team.

26. Who will assist us at The Sub Registrar's Office to execute agreement or registration?

          Authorised person from Manyata/CRM team will assist you at The Sub Registrar's Office to execute the registration. You will be given with his/her telephone number a day before registration for the entire co-ordination.

27. What are the taxes that I need to pay before buying a property?

          The buyer needs to pay the following taxes: TDS or tax deduction at source on amount exceeding 50 lakhs for the purchase of property excluding agricultural land. Stamp duty

28. What is the process of registration and when does registration take place?

          After receiving the Khata, registration starts in 2 working days. Detailed mail will be sent regarding the value online payment process for stamp duty and registration charges levied by the government authority Note: The Stamp Duty charges may vary based on the government guidelines. Registration office address will be mailed and the documents will be handed over at the time of registration.

29. Will there be any registration charges?

          Yes, Registration Charges/Cess/Stamp Duties/Scanning Fees/EC fees or the agreement charges has to be paid (included in cost sheet) by way of online payment (mode of payment that Government demands at the time of such execution) in favour of The Sub Registrar of that particular jurisdiction. These charges in present sums up to 6.65% of the agreement value and may vary accordingly to the changes/revision from the Government.

30. What is TDS to the Government? Who should pay TDS? Is It mandatory and If so, what is the procedure to pay TBS?

          TDS (Tax Deducted Source) is mandatory and it has to be paid to the Government by the buy er/customer which is included in the basic cost sheet of the property. TDS is applicable only for the buyer who intends to buy a property that cost ₹ 50.00,000 or more. Below is an example to understand TDS (applicable only for the property that cost 50,00,000/- or more): Example: 100:1 percent: If a property costs ? 100/- the buyer will pay 99/- to the promoter/builder and remaining 1/ directly to the Government through Tax Deducted Source (US). Our CRM team will guide you with a presentation to pay TDS online as soon as your registration is nearing. TDS has to be paid at least 3 to 4 days in advance prior to registration.

31. When will the Khata get transferred to our name after registration?

          The application for thata transfer will be applied by Manyata and it may take an approximate of 180 working days to get the Khata transfer done after registration. It is completely dependent on the Panchayat Office timelines and they may delay the process and may take more than 180 days to transfer Khata. However. Manyata ensures to get the khata transfer done as early as possible.

32. How many properties can I own?

          You can own as many properties as you want.

33. Can a single woman get a loan?

          Yes, a single woman can get a loan. Many lending institutions also have special schemes for them, such as a discount of up to 0.25% on the interest rate. (Schemes as applicable at the time of loan approvals by the banker.)

34. Can I authorize someone else to register my property by granting him Power of Attorney?

          Yes, you can execute Special Power Of Attorney to get your property registered by someone else.

35. What is Power Of Attorney?

          Power of Attorney allows a person to authorize another person the right to make decisions regarding the person's assets, finances and real estate properties. There are two types of power of attorney. First, the "General Power of Attorney where a property owner confers general' rights. The rights include but are not limited to sell, lease, sub-lease etc. The second one is the 'Special Power of Attorney' where only the owner gives a specific right to the chosen person.

36. What are the additional amounts to be paid?

          Clubhouse membership charges. Infrastructure Charges. Maintenance Charges. Maintenance Deposit. Khata assessments bifurcation charges (Other charges). Registration & Stamp duty charges. GST TDS and any other statutory charges/duties as applicable. GST will be collected along with bossking amount and instalments spread till possession

37. Are there any guidelines to be followed for constructing my house after taking the handover of the plot?

          The general guidelines to be followed are as under- • The plot may be used for residential purpose only. • The owner shall take all requisite approvals from the relevant authorities before the start of construction. • The owner shall not encroach any common area or adjacent plots on either temporary or permanent basis during the construction, shall restrict the extent of the construction. including boundary wall/fence to the plot boundary. • The owner shall take responsibility of any damage(s) which may happen to the common area and amenities due to the construction related activities, in such case, appropriate measures including financial costs for rectification of the rectification responsibility itself can be imposed on the owner • The owner shall ensure that all construction activity related guidelines of the community including access routes, availability of common facilities and timelines for construction activities is adhered to fully. The owner can contact the Developer for any assistance in case of a query. The Developer. may make available certain design templates for reference purposes. * Individual Bore well is not permissible.

38. How can I qualify for exemptions on the Capital Gains Tax?

          There are a few exemptions available for long term Capital Gains, if you: Buy or construct a new house: If you build a new house or buy one from the money you receive from selling a property, you are exempted from paying the tax on Capital Gains. However, the new purchase should be done either one year before or within two years of sale and the construction should be completed within three years from the date of transfer. The new property bought or constructed should not be sold within three years from the date of its purchase or date of completion of construction. Capital Gain Account Scheme-Through the Capital Gain Account Scheme (COAS), you can save the received money in designated banks. CGAS helps you in buying time to look for suitable investments as it serves to inform the Income Tax department that you plan to invest the money received: but at a later date. Invest in Bonds-You can also invest in financial assets or bonds to save tax. Such bonds are issued by the Rural Electrification Corporation and the National Highway Authority of India and should be bought within six months of transferring the property. You can invest a maximum of 50 lakhs through these bonds

39.Can I sell the property, even when the home loan is outstanding?

          Yes, you can sell the property with the consent of the banking institution. If the buyer wants to take a loan to buy the property, the process is much easier if he approaches the same bank. In these cases, the bank does not need to release the property papers to another bank before getting the payment. if the buyer wants to make a payment outright, he can make it to the bank directly. The property papers will be released only after the bank has recovered the entire loan amount.

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