FAQ’s for home buyers

At Marathon, we consider ourselves your partners in your home buying journey. Whether or not you choose to buy a Marathon home, we want to help you make the right decision. This guide features important things to check while buying a home, tips, and more – we hope you find it useful.

Our Sales team is also available to assist you with any queries you may have. You can write to us at [email protected]

How do I check RERA details of the project?

All our ongoing projects are registered under the Real Estate Regulatory Act (RERA). Checking RERA details of a project is an important step every buyer must do.

To check details visit – https://maharerait.mahaonline.gov.in/searchlist/search


  • Click on registered projects and enter the project name
  • You can also choose to click on map view , then locate the project on the google maps page (which has embedded links to all RERA registered projects)
  • You can then view the project details, the application and the certificate

Rera Details

Make sure that the home you’re buying is RERA registered

How do I check the approvals and approving authority details?

The details of approvals are available on the RERA website. Visit the project page click on ‘View Details’ and scroll down to the section called Uploaded Documents. You can find the commencement certificate, legal title report, building plan approval (IOD), layout approval and the draft agreement for sale.

What is the RERA carpet area of my apartment? What is the difference between RERA and useable carpet area?

According to the RERA, carpet area is defined as ‘the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment’.

RERA carpet area is a useful measure for clients but may differ from the useable carpet area of an apartment because it includes interior walls of the apartment and also excludes certain areas like enclosed balconies, terraces and some other useable areas

Useable carpet area is a measure that excludes walls and includes all the areas where you can spread a ‘carpet’.

The below diagrams illustrate the difference between useable and RERA carpet area.

For example, enclosed balcony is a technical term used in approvals. An enclosed balcony is actually a part of your room and is useable but is declared as a balcony that has been ‘enclosed’ in approvals for FSI concessions – this is perfectly valid and legal, however under the definition of RERA carpet area, this area is excluded even though it is a part of your useable carpet area.

Useable area is a more useful measure for you as a customer. While comparing projects, check the useable carpet area.

How do I select my Apartment?

Our sales team will present you with all the available options when you visit the our experience centre. Depending on your budget and preferences our sales team will help you shortlist the apartment for selection.

While selecting an apartment, imagine how you would furnish the apartment if you stayed in it. Consider the following factors. These often involve trade-offs so decide what’s important for you and assign weightage accordingly.

  • Overall size and number of rooms
  • Size of each room as per how you plan to use it
  • Views – decide if you’re comfortable with higher floors. Higher floors typically have more expansive views
  • Storage space – cupboard niches, lofts etc.
  • Kitchen size
  • Number and size of toilets – this is important especially for families. Most of our 1BHK apartments have two toilets
What are the components of my cost sheet?

Your cost sheet has two main components – the break-up of your apartment cost and the payment schedule.

The all-inclusive apartment cost is broken up into the following components

  • Agreement value
  • Other charges
  • Stamp duty and registration
  • Taxes

Your payment schedule shows the various milestones and the amounts that will become due at each milestone

What is agreement value and how is the agreement value computed?

The agreement value is the amount mentioned in the agreement for sales. Taxes and stamp duty are computed on the agreement value of your apartment. The agreement value is typically computed as follows

Agreement value = (area * base rate) + floor rise premium + view premium + car park cost – any applicable discount

The above rates are not typically mentioned on the cost sheet and only the final computed agreement value is mentioned, you can ask your Sales Manager for details.

Is car parking chargeable?

Yes, as per RERA covered car parkings are chargeable, the cost is included in your agreement value. Please ask the Sales Manager for a break-up of this cost.

What are ‘Other Charges’ and when do I have to pay them?

Other charges are payable over and above the flat consideration and include charges like advance maintenance, maintenance deposits, legal charges, infrastructure charges, clubhouse membership and usage charges, corpus fund, electric and water meter charges, etc. These charges are provisional in nature at the time of booking and may increase due to increase in charges imposed by local bodies/government. Other charges typically paid at the time of the final milestone payable before handover of possession.

What is the difference between advance maintenance, advance maintenance deposits and corpus fund?

Please check your cost sheet and Agreement for Sale to understand which charges are applicable in your project for your flat as this may vary from project to project.

Advance Maintenance

This is charged for a certain period (1 year or 2 years for example). These funds are used maintenance of the project towards expenses like common area maintenance, repairs, common area electricity, lift maintenance salaries of security etc.

Layout maintenance

This is charged for a certain period (1 year or 2 years for example). These funds are used for the maintenance of the whole project layout towards expenses like common area maintenance, repairs, common area electricity, etc.

Corpus Fund

This is a deposit that gets transferred to the society upon conveyance of the said Project Land. The corpus fund is interest-free.

Advance Maintenance Deposit

This is similar to the corpus fund and shall be transferred to the society upon society conveyance after adjusting the outstanding dues (for example outstanding maintenance bills) of your flat.

Layout Maintenance Deposit

In case of a larger layout, this deposit shall be transferred to the Apex Body upon transfer of the layout land in favour of the Apex Body after adjusting the outstanding dues if any of the Allottee/s.

What are infrastructure/development charges?

This charge goes towards development of the common infrastructure like roads, footpaths, common areas etc.

What is clubhouse membership charges and what are clubhouse usage charges?

Clubhouse membership entitles you and your family (up to 4 persons) to membership of the clubhouse and is a one-time fee (The membership period may vary from project to project and is mentioned in your Agreement for Sale). Clubhouse usage are recurring charges that are typically charged annually.

What are MSEB/MJP charges or electric and water meter charges?

This amount is used for electric and water connection infrastructure like meters, substations, receiving stations if any etc. These are provisional in nature and may increase, due to an increase in charges/deposits imposed by the concerned local bodies/government authority.

What are share of expenses towards society formation and legal charges?

This amount is for the formation of society and the preparation of legal documents pertaining to society formation.

What are the taxes on other charges?

The other charges mentioned in your cost sheet are excluding taxes and you will be liable to pay the applicable taxes separately. Government taxes including GST will be charged as per then prevailing rate.

What is the minimum own contribution needed to book an apartment?

The standard downpayment is 9.9% of the apartment cost. However depending on the bank schemes available in our various projects and subject to your home loan eligibility, the minimum own contribution downpayment can be as low as 3% of the apartment cost, post which you can avail a bank loan by registering your apartment. Stamp duty and registration costs will need to be paid over and above the downpayment.

Can I self-fund the entire apartment?

Yes, you can opt to self-fund the cost of the apartment in case you have sufficient cash flows or liquidity to do so.

How do I calculate my loan eligibility?

Banks calculate home loan eligibility using various methods. Our sales team and bankers on-site can help you calculate your loan eligibility. Here are some of the common methods banks use to calculate loan eligibility. Your eligibility will depend on your type of income (salary, business, cash, rental etc.), your age which determines the loan tenor, and your other liabilities.

Salary income – this is the simplest to calculate

Typically banks assume that approximately 60% (may vary from bank to bank) of your gross (pre-tax) monthly salary is what your EMI servicing capacity is.

For example, if you have a gross monthly salary of Rs. 1 lac, then Rs. 60,000 is considered your EMI capacity. Suppose you already have an auto loan with EMI of Rs. 10,000, that leaves Rs. 50,000 for your home loan. Depending on the maximum tenor and the interest rate, the loan amount is calculated.

HDFC has a useful online eligibility calculator. You can check your tentative eligibility there – https://www.hdfc.com/home-loan-eligibility-calculator

Self-employed and other income

For business owners the calculations are slightly more complex. Depending on the type of business banks may use gross margin (for manufacturing) or net profit (for services) or income estimation (for cash businesses) to arrive at your monthly income. Please contact our sales team or the bankers on our site for details.

What is Pradhan Mantri Awas Yojana (PMAY) and how do I check if I am eligible for PMAY benefit on my apartment?

The Pradhan Mantri Awas Yojana (PMAY) is a government scheme to help promote “Housing for all by 2022”. It aims to assist first time home buyers and encourage women to become homeowners by providing an interest subsidy on home loans. The maximum subsidy under PMAY is Rs. 2.67 lacs

The scheme is aimed to provide primary housing for all. The basic eligibility rules, in order to avail PMAY benefits are as follows.

  • The applicant’s family* income should not be above Rs.18 lakh per annum
  • The maximum RERA carpet area eligible for the subsidy is 200 sqm
  • The applicant’s family must not own a house in any part of the country.
  • In the case of a married couple, either a single or a joint ownership deal is allowed, and both options will receive just one subsidy.
  • The applicant’s family must not have availed the benefit of any housing-related schemes set up by the Government of India.

There are 4 broad categories of the CLSS scheme under PMAY. The categories, and the loan eligibility & subsidy across these categories have been explained in the table below

Rest is simple. Whoever is availing the PMAY subsidy under a particular category, gets the subsidy amount directly deducted from the overall loan amount. This reduces the overall EMI burden. The savings in terms of EMI has been highlighted in the table below.

For more details visit https://marathon.in/home-buying-guide/pmay/

How can I apply for a Home Loan and which banks can I apply with?

Our projects are approved for home loan funding by most leading banks. Typically bankers are also available at our sales offices on weekends. Contact your Sales Manager or Relationship Manager for assistance.

What is the maximum amount of home loan funding I can get for my flat?

This will vary depending on the banker, your eligibility and your flat cost and can range from 75% of agreement value up to even 95% of the agreement value. This will also be subject to banks credit norms and your loan eligibility. Contact your banker for more details.

What is pre-EMI? How is it calculated?

When you buy under-construction property, you do not pay the entire amount to the builder at the start. Your payments will be construction linked. While your property is under-construction you can choose to pay only the interest component on your partially disbursed loan – this interest only payment is called pre-EMI. Consider the below example

  • Apartment cost – Rs. 50,00,000
  • Own contribution (10%) – Rs. 5,00,000
  • Loan amount – Rs. 40,00,000
  • Current stage of demand – 30%
  • Time to completion 24 months

Do banks fund GST, other charges, stamp duty in their loan?

Most banks will not fund stamp duty and registration. Ask your Relationship Manager about our Downpayment Assistance Program in case you need help with your stamp duty payment.

Some banks may fund GST and other charges. Please check with your banker.

What is the minimum amount of self contribution required?

Minimum self contribution of 5% of agreement value is compulsory. You will also need to make the stamp duty and registration payment for your flat

How do I book an apartment?

Once you have selected an apartment you can block it by paying a token amount either by cheque, RTGS or online payment, your Sales Manager can assist you with the various options

To complete the booking however, you need to pay the balance booking amount within the time stipulated in the cost sheet and also complete the booking form and KYC requirements.

I have a loan eligibility of 70%. Do I have to pay 30% upfront?

No, not necessarily. Ask about our bank flexi schemes. If you are eligible for a flexi scheme you can register your flat with a contribution of 5-10% and pay your balance contribution at later stages. Contact your Relationship Manager for details.

Can I pay my stamp duty in installments?

Banks typically will not fund the stamp duty payment. However under our Downpayment Assistance Program, you can pay your stamp duty in EMI’s.

*on certain projects and subject to eligibility