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Real Estate If you want to buy a property, know the important things, you will avoid losses.

New Delhi Real Estate If you want to buy a property. Real Estate is a long term investment That is, once you buy a home, you don't go through this process for a long time Usually people don't have a lot of real estate experience But it must be kept in mind that there are some risks for those who are investing money in real estate for the first time By mistake, you can buy a property that is not profitable for you There are five important things you should keep in mind if you are looking to buy a property These tips are especially good for those who are investing in or buying real estate for the first time.

Real Estate If you want to buy a property, know the important things, you will avoid losses.
Real Estate If you want to buy a property, know the important things, you will avoid losses.


RERA Registration

While searching for a property, you should always keep in mind whether the project is Real Estate Regulatory Authority (RERA) registered or not. You can check RERA number and approval online or through local municipal authority.

RERA Registration
Rear Registration 

Consider other expenses

 

While choosing a property, you should compare things like monthly maintenance charges, facilities like security and social club, electricity supply, water charges etc. This cost can cost you a lot later Keep these extra costs in mind and check if it fits into your budget You should compare the market value of other ready or under construction projects.

 

Consider other expenses
Consider other expenses

Make a plan for the budget 

 

Prepare a budget before you start looking for a property It should be within your ability to repay the loan optimally without compromising your basic needs (if you have a loan or intend to take one). The broker or agent may persuade you to spend more For this they can give you high returns But it will not cover the loss due to default on your home loan.

 

Make a plan for the budget
Make a plan for the budget

Save tax like this

The government will provide attractive home loan incentives to first-time home buyers. Under PM Awas Yojana you will get the benefit of lower interest rate Apart from this, tax benefits on home loan interest rate and registration under Section 24C and stamp duty on principal repayment under Section 80C will also be available. Please read the documentation carefully before making any deal with the developer.
Save tax like this
Save tax like this

Save tax like this

 

The government will provide attractive home loan incentives to first-time home buyers. Under PM Awas Yojana you will get the benefit of lower interest rate Apart from this, tax benefits on home loan interest rate and registration under Section 24C and stamp duty on principal repayment under Section 80C will also be available. Please read the documentation carefully before making any deal with the developer.



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