FAQ

Start by defining your budget, preferred location, and property type (apartment, villa, plot, etc.). Check for RERA approval, builder reputation, connectivity, and upcoming developments around the area.

You should always verify:

• Sale deed
• Title deed
• Khata certificate
• Encumbrance certificate (EC)
• RERA approval
• Building plan approval
• Completion or Occupancy Certificate (for ready projects)

RERA (Real Estate Regulatory Authority) ensures transparency and accountability in real estate projects. Buying a RERA-registered project protects your rights as a buyer and ensures the builder follows legal norms.

Khata is an official record maintained by the local municipal body that identifies the property owner for tax and legal purposes. It’s essential for paying property tax, getting loans, and registering the property.

The EC shows whether the property has any legal dues, loans, or ownership disputes. It’s crucial to check before finalizing your purchase.

• CC (Completion Certificate): Issued when the building construction is completed as per approved plans.
• OC (Occupancy Certificate): Issued after CC, confirming the property is ready for occupation and all approvals are in place.

A ready-to-move-in property is completed and can be occupied immediately.
An under-construction property may offer flexible payment plans and lower prices but involves a waiting period until possession.

Builders usually offer:

• Construction-linked plan (CLP): You pay in stages as construction progresses.
• Down payment plan: A large portion (80–90%) is paid upfront.
• Possession-linked plan: You pay most of the amount at possession time.

Pre-EMI is the interest you pay to the bank on the amount disbursed during construction. It starts as soon as the bank releases any part of your home loan, and full EMI starts after possession.

EMI (Equated Monthly Instalment) is the fixed monthly amount you pay to the bank for your home loan. It includes both the principal and interest components.

You can use any online EMI calculator by entering your loan amount, tenure, and interest rate. The calculator will show your monthly payable amount.

Home loans in India usually range from 10 to 30 years. A longer tenure means smaller EMIs but more total interest.

Registration charges are the government fees paid to register your property in your name. In Karnataka, the registration charge is usually 1% of the property value, and stamp duty is around 5–6% depending on location.

These are monthly or yearly charges paid by residents for upkeep of common areas like lifts, gardens, security, and clubhouses. Builders or associations usually fix this based on the apartment size.

The corpus fund is a one-time payment made to the builder or association during possession to cover future maintenance costs and major repairs. It’s like a reserve fund for the society.

At handover, the builder gives you possession after completing construction and obtaining an Occupancy Certificate. You’ll sign possession documents and pay the final dues.

Check the RERA registration, title documents, EC, and Khata. You can also consult a property lawyer to review all papers before buying.

Yes. NRIs can buy residential and commercial properties (except agricultural land) in India through normal banking channels under FEMA regulations.

• Freehold: You own the property and the land permanently.
• Leasehold: You own the property for a fixed lease period (like 30, 60, or 99 years).

• For under-construction properties, GST is applicable (usually 5% without ITC).
• For ready-to-move-in homes with OC, there is no GST.

Once you complete payment, both buyer and seller visit the sub-registrar office with required documents. The sale deed is signed, stamped, and registered — making the buyer the legal owner.

Yes, you can buy property jointly with a spouse, family member, or partner. Joint ownership can also help in getting higher home loan eligibility.

After registration, ensure you:

• Transfer the Khata in your name
• Update property tax records
• Collect OC (if applicable)
• Obtain possession certificate

Check the project approval status, builder reputation, possession timeline, RERA number, amenities, and payment schedule.

• Carpet area: Actual usable area inside your home.
• Built-up area: Carpet area + walls and balcony.
• Super built-up area: Built-up area + share of common spaces (lobby, lift, staircase).

• Agreement value is the price you and the seller agree upon.
• Market value is the government-assessed minimum rate for stamp duty calculation.

You can verify these on the RERA website of your state or check with the local municipal authority online.

Property tax is a yearly charge paid to the local municipal corporation for civic amenities like roads, lighting, and drainage.