The additional amounts are:

• Stamp Duty and registration charges payable on the agreement for sale
• Legal charges
• MSEDCL deposits and charges
• Club membership charges
• Service tax
• Value added tax
• Amount towards ‘Common Area Maintenance’ deposits and charges
• Charges for any additional items of work or provision of any additional / superior amenities in the flat /commercial premises.

Yes, we provide all legal papers before we sign the agreement

It is possible only if the structure of the building allows you to do so. Also, it can done only at the earlier stage of the project and can’t be done once it’s ready.

No residential flat in any Marvel project is permitted to be used for any purpose other than residential.

We are India’s Greenest Developer with 22 Platinum Pre-certified Projects.

Stamp Duty is payable on ‘Government Market Value’ of property or the consideration agreed to be paid for purchase of the same, whichever is higher. In areas within Pune Municipal Corporation, the rate is 6%, where as areas outside Pune Municipal Corporation, the rate is 5%.

Generally, a valuation is required for the purpose of determining the liability towards payment of income tax and other taxes on transfer of such Immovable Property. The Government of Maharashtra has approved certain values who determine the ‘Open Market Value’ of the property. The valuation of property is also required to be done when a loan is sought for from a bank / financial institution and the property is to be mortgaged to the bank / financial institution as security for repayment.

Stamp Duty, Service tax to be paid by purchaser as stated in the agreement.

No non-occupancy charges.

The agreement will have the rental clause mentioned and compensation will be given as a monthly rent if the possession is delayed beyond the mentioned date.

Rs 200 per sq ft taken as Project Corpus Deposit at the time of booking of the flat except for City Centre projects. For City Center projects, its wholesome amount is between 15 –20 lakhs. After 2-3 years, Rs 2 to 2.25 per Sq ft is charged.

‘Carpet area’ is the entire area measured from wall-to-wall excluding the thickness of all walls.

‘Carpet area’ of a Terrace is the entire area thereof measured from wall-to-wall excluding the thickness of all walls.

The saleable built-up area of any unit is the actual area including the thickness of the interior / exterior walls, the area of any balconies or sit-outs at eye-level and adjoining terraces, and a certain percentage of the aggregate area of the common areas of the building in which such unit is situated.

Inside Out Approach of building apartments.

The ‘Open Market Value’ of any immoveable property would be the price it would fetch if put for sale in the open market. Such market value depends on various factors such as demand and supply forces operating in the market, location of the property concerned, the quality of the construction and the amenities provided therein, accessibility etc. The Stamp Authorities under the Bombay Stamp Act, 1958 have prepared a ‘ready reckoner’ of property values in and around the city of Pune. This ‘ready reckoner’ gives the ‘Government Market Values’ of land / residential flats / commercial premises in various locations in or around the City of Pune. However, such ‘ready reckoner’ is merely indicative.

If the construction of the Project in which the flat / commercial premises is situated is in progress, the agreed purchase price is to be paid to the  Marvel Promoter Company in installments according to the progress of the construction of the building in which the flat / commercial premises is situated.

The only yardstick applied for this purpose is the saleable built-up area of the unit.

It is the policy of the  Marvel Group that after the full agreed purchase price of a unit together with all other dues has been paid to the Marvel Promoter Company and possession of the unit is handed over, then with prior written permission of the Marvel Promoter Company, the purchaser thereof can sell the same.

A duly registered Agreement for Sale coupled with possession effectively completes the de-facto title of such purchaser to the unit agreed to be purchased by him / her. However, in case of a co-operative housing society being formed by all the purchasers in the project, the land and all the buildings thereon are conveyed to the co-operative housing society. The purchaser of every unit in the project will be admitted as a member of the society and share certificate of five shares will be allotted to each purchaser. In the event a Condominium of Apartment Owners of all the units in a project is to be formed, a Deed of Apartment will be executed in favor of the purchasers of each unit, thereby conveying the unit together with a pro-rata undivided share in the land covered by the project and in the common areas and facilities thereof.

• Corporation Approval
• NA Order
• Title & search report
• Draft Agreement copy
• Any other documents if may be required

All transactions are governed by the provisions of the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963. Neither the promoter nor the purchaser can contract out of the said Act.

Depending on availability and other factors, the exclusive right of user of covered/open car-parking space/s situates under the stilts / podium / basement will be allotted to the purchaser of a unit.