# Mana Verdant — Mana Projects, Sarjapur Road (Carmelaram / Dommasandra), Bengaluru

Source: https://property-lens.ai/p/mana-verdant-005947 (PropertyLens). Analysis generated 2026-10-18 from Karnataka RERA filings, quarterly promoter updates, public ratings and dated locality evidence. Figures marked "assumed" are model estimates that visitors can edit on the page; "observed" figures come from a named source.

## Summary
- Investment score: 47/100 (50 = the average analysed Bengaluru project, 12 points = one standard deviation). Evidence confidence 56%.
- Projected price growth: 9.9% per year over 5 years (likely range 6.4%–13.4%); 9.2% per year over 10 years.
- Net-wealth CAGR: 6.7% per year over an 8-year hold with a 75% loan at 8.5%, interiors fitted. Cash-flow IRR: 11.8% (all-cash 10.7%). Gross rental yield: 4.0%.
- Status: under construction, RERA handover 2030-12-31. Type: apartment, mid segment. Developer: Mana Projects (#61 in Bengaluru by RERA registrations).
- Address: CHIKKANAYAKANA HALLI. Homes: 484. Land: 4.87 acres. Launched: 2023.
- RERA registrations: PRM/KA/RERA/1251/309/PR/260523/005947.

## Homes on offer

| Home | Carpet (sq ft) | Super built-up (sq ft) | Price per sq ft | Price | Rent per month |
|---|---|---|---|---|---|
| 2 BHK | 710 | 960 | ₹8,450 (assumed) | ₹81.1 L | ₹28,000 (assumed) |
| 3 BHK | 885 | 1,195 | ₹8,450 (assumed) | ₹1.01 Cr | ₹33,000 (assumed) |

## Score factors (this home vs the Bengaluru average)
- Price vs comparables: 5.9/10 (city average 6.2, −0.2 points), confidence 35%. ₹8,450 psf vs mid comps ₹9,000 (-6%; under-construction should price ~8% below ready). Price is a model estimate, so this factor carries a third of its normal weight until a listed price is observed.
- Rental demand & yield: 7.2/10 (city average 6.0, +2.6 points), confidence 38%. Gross yield 4.1% (₹29 psf/month); locality rental demand 8/10.
- Resale liquidity: 7.2/10 (city average 7.6, −0.7 points), confidence 60%. Locality resale depth 8/10; ticket ₹0.81 Cr narrows the buyer pool; UC resale needs builder NOC; 484-home project gives deep resale comps; RERA sales pace ratio 0.
- Employment access: 9.2/10 (city average 5.2, +8.1 points), confidence 85%. Drive times now (Google Maps, 2026-09-16): ORR Bellandur (Ecospace) 12 min, Electronic City Ph-1 26 min, ITPL Whitefield 28 min, Koramangala (Forum) 31 min; 3 of 7 major hubs within 30 min; 12 msf office pipeline (3 yr).
- Metro, bus, rail & airport: 3.0/10 (city average 4.8, −3.2 points), confidence 60%. none operational (nearest Purple/Yellow lines 8–10 km); Phase 3A Sarjapur line ~2033; airport ~88 min by road now (Google Maps); .
- Schools, hospitals, daily needs: 6.5/10 (city average 7.0, −0.5 points), confidence 50%. Locality social-infrastructure index (interim, expert-set; POI distances pending Maps integration).
- Builder delivery & handover risk: 3.2/10 (city average 3.7, −1.5 points), confidence 60%. Mana Projects: 8+ projects, on-time 80% (derived); handover 2030-12-31 (RERA); within the RERA timeline, work behind schedule (-38 pts).
- Layout, size, age, amenities, maintenance: 7.3/10 (city average 7.3, −0.1 points), confidence 55%. 99 units/acre; carpet/SBA ~72%; maintenance ~₹3.5 psf/month (assumed); filed construction cost ₹4,227 per sq ft (premium spec).
- Water, flooding, noise, infrastructure: 4.9/10 (city average 5.8, −1.8 points), confidence 50%. Heavy tanker dependence pending Cauvery Stage V; Varthur lake catchment
- Legal, title & approvals: 4.4/10 (city average 7.4, −6.1 points), confidence 55%. RERA registered; litigation: 2 case(s) declared; approvals: Plan 80/2019- 2020 dated 2020-10-23; title: not verified. Due-diligence report lists 2 red flags (−1.6 pts).
- Expected price growth (5-yr CAGR model): 6.0/10 (city average 6.0, +0.3 points), confidence 56%. Model 5-yr price CAGR 9.9% (range 6.4–13.4%).

## Why prices should grow about 9.9% a year
- + 6.0%: Start with 6.0% a year: the normal long-run growth of Bengaluru home prices.
- + 1.3%: Add 1.3%: prices here rose 14.5% a year recently (2023-06 to 2026-06). Some of that pace continues, but it fades each year.
- − 0.5%: Subtract 0.5%: at ₹8,450 per sq ft, fewer families can afford to buy here, which slows further rises.
- + 2.6%: Add 2.6%: 12 million sq ft of new offices nearby means more people wanting homes here.
- − 0.7%: Subtract 0.7%: many new homes are being built here (20 months of unsold stock), which keeps prices in check.
- + 0.2%: Add 0.2% for new roads, metro and water lines, weighted by how likely they are to actually finish: Peripheral Ring Road (planned, 2030); Cauvery Stage V water (construction, 2027); Bengaluru suburban rail (K-RIDE) (construction, 2029).
- + 1.0%: Add 1.0% for this project itself: unfinished homes are worth more once they are complete.
- = 9.9%: Result: about 9.9% a year, so a home worth ₹84.0 L today would be worth about ₹1.35 Cr in 5 years. We are 56% confident in the evidence behind this.

## Returns over 8 years
- Cash put in: ₹63.5 L. Exit value in year 8: ₹1.72 Cr. Net sale after loan and costs: ₹1.11 Cr. Net rent after running costs: ₹7.5 L. Loan: ₹66.1 L (EMI ₹0.6 L per month). All-in cost: ₹1.05 Cr (other charges ₹2.8 L, GST ₹4.2 L, stamp duty and registration ₹5.5 L, interiors ₹11.5 L).

## Exit plans compared
- Sell at handover, no interiors (5 years): IRR 18.3%, net-wealth CAGR 11.1%, cash in ₹34.3 L, net rent ₹0.6 L, net sale ₹66.5 L. Best IRR.
- Hold bare, rent unfurnished (8 years): IRR 14.4%, net-wealth CAGR 8.7%, cash in ₹52.8 L, net rent ₹6.3 L, net sale ₹1.08 Cr.
- Hold, do interiors, rent & sell fitted (8 years): IRR 11.8%, net-wealth CAGR 6.7%, cash in ₹63.5 L, net rent ₹7.5 L, net sale ₹1.11 Cr.

## Financial and legal due diligence (public record)
Automated from the Karnataka RERA file PRM/KA/RERA/1251/309/PR/260523/005947 and 3 quarterly filings. Prices and rents are locality estimates, not verified listings.

### At a glance
- [POSITIVE] On its original RERA completion date: 2030-12-31
- 8% built per the latest filing; 1/484 homes booked
- [POSITIVE] No RERA complaints on this project; 7 on the promoter overall
- [WATCH] 1 court case declared in RERA filings (no stay recorded)

### Risk meters (rule-based)
- Delivery timeline: 9/10. no extensions, no overdue dates on the RERA file
- Legal & complaints: 7.5/10. 1 court case declared in filings (−1.5)
- Money to finish: 7/10. finance cost is 3% of the registered budget; last quarter: collected ₹0.00 cr, withdrew ₹0.00 cr; only 0% of homes booked (−1)
- Developer strength: 5/10. no public credit rating for the promoter

### Red flags to resolve in writing
1. 2 court cases declared in RERA filings (744/2023, 744/2023); check for stays and title impact.
2. Joint-development land: confirm which units fall in the owners’ share.

### Complaints and disputes
- 0 complaints on this project at K-RERA (null open); 7 on the promoter entity across projects.

### Credit ratings
- MANA PROJECTS PVT LTD: no public rating located

### Questions to put to the developer
1. Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
2. Confirm the price list, floor-rise and other charges for the exact unit.
3. Which date is contractual — 2030-12-31 — and what is the per-month delay compensation?
4. What do the declared cases (744/2023, 744/2023) concern and is any stay in force?
5. What is the land owners’ share of built area and is the unit in the developer’s share?

### Filed record
**RERA file · Registration**
- Registration: PRM/KA/RERA/1251/309/PR/260523/005947 · promoter MANA PROJECTS PVT LTD (Company) · 049111
- Dates: Start 2023-01-14 · original completion 2030-12-31 · no extensions [green]
- Progress: 8% complete per quarterly filing Q1 2026-27 (submitted 2026-07-15) · 1 of 484 homes booked (483 available)
- Registered cost: Total ₹233 cr · construction ₹212 cr · NBFC principal+interest ₹7.20 cr (3%)
- Borrowing / mortgage declared: Borrowing: Yes · mortgage: No
- RERA bank account: Axis Bank, KADUBISANAHALLI MARATHAHALLI (70% construction account)
- Plan sanction: 80/2019- 2020 dated 2020-10-23 · BBMP - Bruhat Bengaluru Mahanagara Palike
- Land & towers: 4.87 acres (19,726 sq m) · South Tower 294 homes, 20 floors; North Tower 190 homes, 18 floors
- Land owners / co-promoters: JAYANTHI (33.0%, Sy 36/4); JAYANTHI (33.0%, Sy 37/5 & 37/6); MAHESHA D (33.0%, Sy 10/3 - 10/4) [amber]
- Litigation declared: Original Suite(OS) 744/2023, City Civil and sessions Judge,Bangalore — no stay [amber]
- K-RERA complaints: 0 on this registration · 7 on the promoter entity across all its projects [green]
- Owners’ association: Not yet formed
- Completion applied: 19/12/2020

### Sources and caveats
- Karnataka RERA project record PRM/KA/RERA/1251/309/PR/260523/005947 (registration file, quarterly updates, complaint register), fetched 2026-09-15
- PropertyLens locality model (market-level estimates)
- Caveats: Automated analysis: prices, rents and travel times are estimates until listings and Maps data are verified. RERA figures are the promoter’s own filings. Nothing here is legal, tax or investment advice.

## Assumptions used
- Price ₹8,450 per sq ft × 960 sq ft; other charges 3.5%; GST 5%; stamp duty + registration 6.6%; loan 75% at 8.5% for 20 years; rent ₹28,000 per month growing 5.0% a year with 5% vacancy; maintenance ₹3.5 per sq ft per month; hold 8 years; selling costs 1.5%.

Related: index of all analysed projects at https://property-lens.ai/llms.txt; JSON for this project at https://property-lens.ai/data/p/mana-verdant-005947.json; printable due-diligence report at https://property-lens.ai/dd/mana-verdant-005947.

PropertyLens scores and projections are model outputs built from dated public evidence and stated assumptions; they are not investment advice.