How do I start the home buying process? +
Start by determining your budget, getting pre-approved for a home loan, and making a list of your requirements. Then browse properties on our website or contact our team for personalized assistance.
What documents are required to buy a property? +
You'll need identity proof (Aadhaar, PAN), address proof, income proof (salary slips, ITR), bank statements, and property documents like sale deed, title deed, and NOCs from relevant authorities.
How much should I pay as a down payment? +
Typically, banks finance 75-90% of the property value. You'll need to arrange 10-25% as down payment from your own funds. The exact percentage depends on the property value and your loan eligibility.
What is the difference between carpet area and built-up area? +
Carpet area is the actual usable floor area within the walls. Built-up area includes carpet area plus the thickness of walls. Super built-up area also includes common areas like lobbies and corridors.
How long does the property registration process take? +
Property registration typically takes 1-2 days once all documents are ready. However, preparing and verifying all documents can take 2-4 weeks depending on the complexity of the transaction.
What are the charges involved in buying a property? +
Besides the property price, you'll pay stamp duty (4-7% of property value), registration fees (1%), legal fees, home loan processing fees, and maintenance deposits. Budget an additional 8-10% of property value.
Can I get a home loan for an under-construction property? +
Yes, banks provide home loans for under-construction properties. The loan is disbursed in stages based on construction progress. Interest during construction period can be paid monthly or added to the principal.
How do I verify if a property has clear title? +
Check the chain of ownership for the last 30 years, verify encumbrance certificate, ensure all property taxes are paid, and confirm NOCs from relevant authorities. We recommend hiring a lawyer for thorough verification.
What is RERA and why is it important? +
RERA (Real Estate Regulatory Authority) is a regulatory body that protects homebuyers' interests. Always buy properties from RERA-registered projects to ensure transparency, timely delivery, and quality construction.
How can I sell my property through Manchanda Realtors? +
Simply visit our 'Post Property' page and fill in the details. Our team will verify the information, conduct a property visit, and list it on our platform. We'll handle inquiries and help you find genuine buyers.