Factors to Consider When Buying a Home in India

Ans. Location is a crucial factor when buying a home as it impacts convenience, accessibility, and potential appreciation of value. In addition, a well-connected and desirable location enhances your lifestyle and can positively impact future resale value.

Ans. It's vital to verify documents such as sale deeds, title deeds, property tax receipts, encumbrance certificates, and approvals from local authorities. Engaging a lawyer or legal expert can help.

Ans. Look for places close to your work, good schools, hospitals, shops, parks, and public transport. Also, check if the neighborhood is safe and if any new construction is planned nearby.

Ans. When buying a home, you'll have to pay for the house itself, the registration, stamp duty fees to transfer ownership legally, broker’s commission, down payment, etc.

Ans. You may face some hidden costs like monthly maintenance charges for your housing society, annual property taxes, home insurance premiums, etc.