Everything you need to buy with confidence
A clear, honest walkthrough of what to check, what to ask, and what to avoid – before you sign anything.
- Legal & Documents
- Costs & Finances
- The Buying Process
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Legal & Documents
The paperwork is not the exciting part, but it’s where most buyers get caught out. These are the only things that actually protect you.
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Costs & Finances
What the base price doesn't include
Add stamp duty (7%), registration (1%), GST on under-construction units (5%), car park, maintenance corpus, and club fees. Budget 10-13% over the quoted price to cover these comfortably.
Get loan pre-approval first
A pre-approved loan letter tells you your real budget. It also means the bank has independently verified the title and approvals, which is a useful second opinion on the project's credibility.
A bank's willingness to lend is itself a trust signal
Banks run their own technical and legal assessment before sanctioning a home loan against a property. If a reputed bank has approved loans for a project, it means the title is clean and the approvals are in order. If they won't lend against it, that tells you something too.
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The Buying Process
Four steps, in order. Each one depends on the previous being done properly.
Verify before you pay anything
Legal and document verification comes before the booking amount, not after. Once money changes hands, your leverage drops significantly.
Read the sale agreement in full
The possession date, delay penalty clause, and exit conditions must be written explicitly. If any of these are vague, ask for them to be clarified before signing.
Loan sanction & payment schedule
Disburse loan tranches linked to construction milestones, not arbitrary dates. Construction-linked payment plans protect you if the project slows down.
Registration & handover
Pay stamp duty and register the sale deed at the Sub-Registrar office. Before signing the handover form, inspect the unit thoroughly and document every snag in writing.