1. Verify the Legal Title of the Property
The seller must have a clear, marketable title. Review the original sale deed and check for any encumbrances (loans, mortgages, legal disputes) at the Sub-Registrar office. Verify the chain of ownership for at least 15–20 years.
2. Check RERA Registration
Under RERA 2016, all residential projects must be registered with the state RERA authority. Verify the project registration number, completion deadline, and any complaints filed against the builder.
3. Review the Sale Agreement Carefully
Have a lawyer review the agreement. Pay attention to total cost including GST, possession date and penalty clauses, specifications promised, and the cancellation and refund policy.
4. Assess Location and Infrastructure
Evaluate connectivity (metro, highway, airport), social infrastructure (schools, hospitals, markets), future development plans, and flood or disaster risk zones.
5. Understand All the Costs Involved
- GST: 5% on under-construction properties above ?45 lakh
- Stamp Duty: 3–7% depending on state
- Registration charges: 1% of property value
- Brokerage: 1–2% if buying through an agent
- Society maintenance deposit: 2–6 months upfront
ArrtaMoney's Real Estate Advisory team helps you find RERA-compliant properties. Explore our Real Estate Advisory services.
