FAQ
Should I Rent or Buy?
Buy if you plan to stay 5+ years, want to build equity, and can afford upfront costs. Rent if you’re unsure about job/location stability or want more financial flexibility.
Do I need a home warranty?
A home warranty is optional but useful. It covers repairs or replacement of major home systems (like appliances, plumbing, HVAC) for a year after purchase — ideal for older homes or first-time buyers.
Am I ready to be a homeowner?
You’re ready if you have a stable income, good credit, saved for down payment & emergency fund, and are prepared for responsibilities like maintenance, taxes, and long-term commitment.
What is Pre-approval?
Pre-approval is a lender’s written estimate of how much you can borrow, based on your income, credit, and finances. It strengthens your offer and shows sellers you’re a serious buyer.
What should I expect at closing?
At closing, you sign final paperwork, pay closing costs, and receive ownership of the property. You’ll review loan documents, verify terms, and officially become the homeowner.
How can I verify a property’s legality in Delhi NCR?
Check RERA registration, title deed, building approvals, encumbrance certificate, and consult a real estate lawyer or trusted agent.
Is buying under-construction property safe?
Yes, if the project is RERA registered, by a reputed builder, and legal documents are verified. Always check the delivery track record.
Can NRI’s buy property in Delhi NCR?
Yes, NRIs can buy residential and commercial properties (not agricultural land), under FEMA regulations and must use NRE/NRO accounts.
What is the GST on real estate?
Under-construction properties: 5% GST (without ITC)
Affordable housing: 1% GST
Ready-to-move properties with completion certificate: No GST
Is it a good time to buy property in Delhi NCR in 2025?
Yes. With stabilized interest rates, infrastructure upgrades and high rental demand, 2025 is considered a favorable time.