1. Is the Property RERA Registered?
Why it matters:
RERA (Real Estate Regulatory Authority) registration ensures the project is legally approved and the developer is accountable. It protects buyers from fraud, delays, and misleading advertisements, because it’s approved by government.
What to ask:
- What is the RERA registration number?
- Can I see the RERA certificate?
- Is the project listed on the official RERA website?
Tip: Always verify the RERA details online before committing.
2. What Are the Hidden Costs Beyond the Sale Price?
Why it matters:
The base price is just the beginning. Buyers often overlook additional charges that can significantly increase the total cost.
What to ask:
- What are the stamp duty and registration charges?
- Are there charges for parking, clubhouse, or amenities?
- What is the GST rate applicable?
- Are there any legal or documentation fees?
Tip: Request a detailed cost sheet with all inclusions and exclusions.
3. What’s the Timeline for Possession—and What Happens If It’s Delayed?
Why it matters:
Delays in possession can disrupt your plans and finances. Knowing the legal safeguards helps you stay protected.
What to ask:
- What is the promised possession date?
- Is there a penalty clause for delays?
- What compensation will I receive if possession is late?
Tip: Ensure these terms are clearly mentioned in the Agreement to Sale.
4. What Construction Quality and Materials Are Being Used?
Why it matters:
Good construction means fewer repairs and better resale value. Poor materials can lead to long-term issues.
What to ask:
- What brands of cement, tiles, and fittings are used?
- Is the structure earthquake-resistant?
- Can I see a sample flat or material specification sheet?
Tip: Visit ongoing construction sites if possible to inspect quality firsthand.
5. Is the Project Approved by Major Banks?
Why it matters:
Bank approvals indicate that the project has passed legal and financial scrutiny. It also simplifies the loan process.
What to ask:
- Which banks have approved the project?
- Are there any special home loan schemes available?
- Can I get pre-approved loan offers?
Tip: Projects approved by nationalized banks are generally more reliable.
6. What Is the Resale and Rental Potential in This Area?
Why it matters:
Even if you’re buying for personal use, understanding the market helps you make a smart investment.
What to ask:
- What are current rental rates in this locality?
- How has property value changed in the last 5 years?
- Are there upcoming infrastructure projects nearby?
Tip: Look for areas with good schools, hospitals, and transport links—they tend to appreciate faster.
️ 7. Who Handles Maintenance After Possession—and What Are the Charges?
Why it matters:
Maintenance affects your daily living experience and monthly expenses. Knowing who’s responsible helps avoid surprises.
What to ask:
- Who will manage the property after possession?
- What are the monthly maintenance charges?
- What services are included (security, cleaning, amenities)?
Tip: Ask for a copy of the maintenance agreement or society rules.