7 Things Every Homebuyer Should Check Before Buying a Property in India
Buying a home is a major financial decision. Whether you are a first-time buyer or planning to purchase another property, it is easy to focus on the location, price, floor plan, or amenities and overlook the documents and practical details behind the project. Before paying a booking amount or signing an agreement, take some time to verify the property carefully. Here are seven important things every homebuyer should check before buying a property in India. 1. Check the Property's RERA Registration For applicable real estate projects, checking the registration details with the relevant state or Union Territory Real Estate Regulatory Authority should be one of the first steps. Under the Real Estate (Regulation and Development) Act, 2016, a promoter generally cannot advertise, market, book, sell, or offer an applicable project for sale without registering it with the Real Estate Regulatory Authority. The Act also provides specific exemptions, so buyers should check the rules applicabl...