Things to Check Before Finalizing Any Property

Home Loan

Planning to buy a house? You might have chosen the right city, locality, area, and building. However, consider some aspects before signing on the dotted line.

Here is a checklist you can refer to before settling for a choice.

Project Approval

It is important to look through the property project paperwork, before signing a property deal. This is because, if something is missing, your loan may not get approved. Things to look for are listed below:

  •  Commencement certificate for work
  • Environmental clearance
  • Approved building plans
  • Status of the land title

You may also want to check if the builder has basic development rights or has actually purchased the land. This information is always stated in the title deed of the land. Other documents to look for include the release certificate issued by the bank, encumbrance certificate (to verify legal aspects of the property), city land use plan issued by the city’s local body office, layout approval by local development corporation and previous property tax receipts by the seller.


While paying for an under-construction project, check if the project is covered under Real Estate Regulations Act (RERA). The RERA Act ensures that construction projects are completed on time. It also prevents the builder from channelizing funds into other projects.

Carpet Area

Be careful about the difference between the super built-up area and the built-up area of an apartment. The super built-up area includes facilities like the lobby, elevators, staircases, and corridors. Basically, these are areas used by all residents. However, the built-up area is the area covered by the house/flat. The owner gets to use only the carpet area, which is generally around 60-65% of the super built-up area. Make sure can view the break-up of the super built-up area and the carpet area. Also, ensure that this information is also stated in the agreement.

Go for Loan Shopping

What can be better than being able to purchase your dream home, while at the same time, availing attractive benefits on your home loan interest? NBFCs with its pre-approved offers on home loan make your property purchase even more attractive. Having a bunch of pre-approved offers will not only simplify the process of availing a home loan but also save your time.

Home Loan


Check if the location has good accessibility. It is always convenient to have a house located near public modes of transport. If not, it should at least be located near your place of work.

Possession and Registration

Possession is the physical transfer of the property, but that doesn’t complete the process of you becoming the owner of your property. Be sure you get the property registered in your name with the local authority. In the registration document, it should be clearly mentioned that the property is being transferred to you. You also have to pay stamp duty at the time of registration. Stamp duty is a government tax levied on property transactions.


Many projects offer many facilities apart from just the living space. Regarding amenities, the more there are, the better Amenities like swimming pools, kids play-area and gyms along with well-constructed housing can be a perfect deal. Look for projects that offer a good number of conveniences. One such project is the Godrej Properties in Keshav Nagar project. Here, you can find amenities like power backup, club house, multipurpose hall, swimming pool, and gym.

Maintenance Charges

Having a variety of comforts apart from just housing is good. However, you need to be aware of the maintenance charges associated with them.

Buying a property is a considerable investment. It is, therefore, necessary to be careful about each of the steps above. This can help you get good financial deals on your chosen property and prevent you from getting hoodwinked by the seller.


I have been writing on tech since 2014 and what started as a side gig has now turned into a profession that I am immensely passionate about. A computer science graduate by education, I also enjoy reading and baking.

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