Is RERA registration mandatory?

Yes. In India, all real estate projects must be registered under the Real Estate (Regulation and Development) Act (RERA). You can verify project details, approvals, and delivery timelines using the Maharashtra RERA Portal (or your respective state's RERA website).

What is the difference between carpet area and built-up area?

Carpet area is the actual usable space inside your four walls. Built-up area includes the walls and balcony, while super built-up area adds common spaces like lobbies and stairs. Always negotiate and evaluate prices based on the carpet area.

What is the down payment required?

Most Indian banks and lenders require a down payment (margin money) of 10% to 20% of the property's total value.

How does GST apply to real estate?

Ready-to-move properties attract zero GST. For under-construction properties, GST is 5% for standard residential properties and 1% for affordable housing schemes.

FAQ's

Loading...