Section 8 – FAQs & Buyer Tools

Title: Frequently Asked Questions & Handy Tools for Home Buyers
Home buying FAQs, property buyer questions, EMI calculator Hyderabad, stamp duty calculator, real estate help tools

Intro 

Even after researching and planning, buyers often have last-minute doubts about the home buying process. This section answers the most common questions we receive from clients and offers easy-to-use tools that help you calculate costs, plan EMIs, and keep track of required documents.

1. Frequently Asked Questions (FAQs)

Q1: How much down payment is required?
A: Usually 20–30% of the property value, depending on the bank’s policy.

Q2: Is GST applicable on all properties?
A: No, GST applies only to under-construction properties, not ready-to-move-in units.

Q3: What is the difference between carpet area, built-up area, and super built-up area?
A:

• Carpet Area: Usable floor area inside the walls.
  
  

• Built-Up Area: Carpet area + walls + balcony area.
  
  

• Super Built-Up Area: Built-up area + proportionate share of common spaces.
  
  

Q4: How can I check if a project is RERA registered?
A: Visit the official Telangana RERA website and enter the project’s RERA number.

Q5: Can I negotiate with builders?
A: Yes, especially on under-construction projects or during festive seasons.

2. Buyer Tools (Interactive Website Features)

• EMI Calculator – Calculate monthly repayment based on loan amount, interest rate, and tenure.
  
  

• Stamp Duty Calculator – Quickly estimate registration costs in Telangana.
  
  

• GST Calculator – Find out GST applicable to your property type.
  
  

• Downloadable Checklists –
  
  

  • Home Buying Checklist
    
    

  • Financial Planning Checklist
    
    

  • Loan Documentation List
    
    

  • Interior Planning Guide
    
    

3. How to Use These Tools Effectively

• Use the EMI calculator before applying for a loan to decide affordability.
  
  

• Use the Stamp Duty & GST calculators to avoid budget surprises.
  
  

• Keep PDF checklists saved on your phone for quick reference during site visits and meetings.
  
  

First Home Buyer Detailed Checklist

Your step-by-step guide to buying your first home with confidence

1. Planning & Preparation

• Define property type: Apartment / Villa / Plot
  
  

• Decide BHK & size based on family needs
  
  

• Choose preferred locations (proximity to work, schools, hospitals, markets)
  
  

• Check future growth potential of the area (metro, flyovers, IT parks)
  
  

• Research property price trends in shortlisted areas
  
  

• Fix budget (include interiors, registration, GST, other charges)
  
  

• Arrange emergency fund (6–12 months expenses)
  
  

• Check CIBIL score (750+ preferred for better loan terms)
  
  

2. Financial Readiness

• Calculate down payment amount (20–30% of property value)
  
  

• Start dedicated savings for down payment
  
  

• Get pre-approved for a home loan
  
  

• Compare loan offers from at least 3 banks/NBFCs
  
  

• Plan EMI within 30–35% of monthly income
  
  

• Use EMI calculator for affordability check
  
  

• Understand tax benefits (Sec 80C & 24(b))
  
  

• Factor in extra costs:
  
  

  • Stamp duty & registration
    
    

  • GST (if applicable)
    
    

  • Maintenance deposit
    
    

  • Clubhouse/amenity charges
    
    

  • Legal/documentation fees
    
    

3. Property Shortlisting

• Identify 3–5 suitable projects within budget
  
  

• Verify RERA registration & project details online
  
  

• Research builder’s track record (past projects, delivery timelines)
  
  

• Visit previous projects by the builder to assess quality
  
  

• Compare amenities & specifications among shortlisted projects
  
  

4. Site Visit & Evaluation

• Visit the project site in person
  
  

• Check construction quality, materials used
  
  

• Review amenities (clubhouse, parking, lifts, power backup, security)
  
  

• Assess road connectivity & transport availability
  
  

• Check nearby facilities: schools, hospitals, markets, public transport
  
  

• Verify legal approvals: GHMC/HMDA permissions, fire NOC, environmental clearance
  
  

5. Booking & Documentation

• Negotiate final price & payment terms with builder
  
  

• Pay booking amount & get official receipt
  
  

• Receive allotment letter with unit details & payment schedule
  
  

• Sign Agreement for Sale with clear terms
  
  

• Submit required documents to bank for loan processing
  
  

• Review sanction letter from bank before proceeding
  
  

6. Registration Process

• Confirm stamp duty, registration fee, and GST charges
  
  

• Arrange for payment (DD or online transfer as per SRO requirement)
  
  

• Complete property registration at Sub-Registrar Office (SRO)
  
  

• Collect registered sale deed & keep copies safely
  
  

7. Handover & Move-in

• Conduct final inspection of the property with builder
  
  

• Check all fittings, flooring, and electrical/plumbing work
  
  

• Ensure promised amenities are functional
  
  

• Obtain possession certificate & keys
  
  

• Apply for utility connections (electricity, water, gas)
  
  

• Plan interiors and moving arrangements