The Best Places for Real Estate Investment in GurugramHello world! – Copy
Buying in Gurugram can be straightforward—if you use a disciplined process. Here’s a field-tested checklist used by seasoned buyers and advisors.
1) Pre-work: Budget & Lendability
Get a bank pre-approval; it clarifies eligibility and trims loan processing time.
Keep a buffer for stamp duty/registration, IFMS, and interior fit-outs. Rates/fees change—verify with your bank and the Haryana govt portals.
2) Shortlist Right: Location → Developer → Product
Location grid: office commute, school run, hospital access, and Rapid Metro reach.
Developer diligence: past OCs, litigation searches, handover record, society maintenance ratings.
Product fit: 2/3/4 BHK vs builder floor; evaluate carpet area (actual usable) vs super area loading.
3) Compliance & Legal
RERA registration: note the RERA number, phase, and promised timeline.
Title & land use: ensure clear title; ask for Title Search/Legal Report.
Approvals: building plans, environment, fire NOCs, EDC/IDC status.
Agreement for Sale: check carpet area definition, possession date + grace, delay penalties, escalation clauses.
4) Price Break-Up (get it in writing)
Base BSP + PLC (park/club/road facing), floor rise, car parking, club membership, EDC/IDC, GST (if applicable), IFMS/AMC.
Confirm payment schedule (linked to construction or time-linked) and penal interest norms.
5) Loan & Payments
Prefer APF-listed projects for smoother sanctions.
Above threshold transactions may involve TDS—confirm current rules with your bank.
Keep all receipts aligned with the payment schedule.
6) Snagging & Handover
Before possession, create a snag list: doors/windows, waterproofing, plumbing, switches, tiling, balcony slopes, DG backup, fire safety, parking mark-up.
Collect OC/CC as applicable, final maintenance handover, and society by-laws.
Transfer utilities: electricity meter, gas, and address KYC updates.
Pro tip: Never rely only on a sample flat. Inspect the actual tower/floor at dusk and during rain if possible—leaks and lighting realities show up then.
CTA: Download a printable Gurugram Buyer Checklist (we can format this into a PDF if you want).