1. Not Checking the Builder’s Reputation
Many buyers get attracted to fancy advertisements and ignore the builder’s track record. Always research the developer’s past projects, delivery timelines, and customer reviews. In [City Name], look for developers with RERA registration and a history of on-time possession.
2. Ignoring RERA Verification
The Real Estate (Regulation and Development) Act (RERA) is designed to protect buyers. Yet, many people skip checking if the project is registered under RERA. Without RERA approval, you risk delays, fraud, or legal disputes. Always verify the project on the [City Name] RERA website before booking.
3. Overlooking the Legal Documentation
From sale deeds and land titles to occupancy certificates, incomplete or incorrect paperwork is a common trap. Hire a professional lawyer to cross-check all documents. In [City Name], ensure the land is free from litigation and has clear titles.
4. Compromising on Location
Buyers often get swayed by attractive pricing and ignore location. But remember, location determines future value and lifestyle convenience. Check connectivity to schools, hospitals, markets, and public transport in [City Name] before finalizing.
5. Not Considering Hidden Costs
The actual cost of a property is not just the base price. Registration fees, stamp duty, GST, maintenance charges, and parking fees can increase your budget by 15–20%. Clarify all additional charges with the builder to avoid last-minute surprises.