First-time home buyer guide for India

Buying your first home in India is a major financial milestone. Start by defining a realistic budget that includes down payment, stamp duty, registration, GST (if applicable), and interior costs—not just the base property price.

Get a home loan pre-approval to understand your eligible amount and EMI comfort. Compare lenders on interest type (fixed vs floating), processing fees, and prepayment rules.

Always verify RERA registration, approved building plans, and possession timelines before paying a booking amount. Visit the site, review the agreement carefully, and clarify maintenance charges and parking allotments.

Keep documents ready for KYC, income proof, and property due diligence. A legal review of the title chain and encumbrance certificate can prevent costly surprises later.

Finally, factor in commute, schools, hospitals, and resale potential when choosing a locality—not just the per-square-foot rate.