Do’s & Don'ts for Home Buyers

  1.  Never buy flat from unregistered real estate builder.

  2.  Before buying any plot/flat, check whether the real estate project is registered by visiting the webpage of the builder in the website of RERA.

  3.  Do not book in real estate projects through unregistered real estate agents.

  4.  Read the prospectus carefully and cross check it with information on web page of the project.

  5.  Pay only through cheque or DD.

  6.  Verify that agreement for sale is in prescribed std form.

  7.  Deduct TDS @ 1% from payment if cost of flats is more than Rs, 50,00,000.

  8.  Bring any structural or other defects to the notice w/n 5 yrs of getting possession.

  9.  Maintain Records, ITR copies systematically for future purpose.

  10.  Do not pay more than 10% of the B.S.P. w/o first entering into an argument for sale.