Buying your first home is one of the biggest financial decisions you'll ever make. Before you start scheduling site visits, it pays to get your fundamentals right.
Start with a realistic budget that accounts for the down payment, registration charges, stamp duty, and moving costs — not just the property's sticker price. Most banks finance up to 80% of the property value, so plan for the remaining 20% plus incidental costs upfront.
Next, shortlist RERA-registered projects only. RERA registration means the project's plans, timelines, and land title have already been vetted, giving you a legal safety net if the builder delays possession.
Finally, get your home loan pre-approved before you finalise a property. A pre-approval tells you your real budget and speeds up the final purchase once you've found the right home.
