Complete Home Buying Checklist for First-Time Buyers in India
Updated At: 2026-06-29 19:59
Buying Your First Home: A Systematic Approach
For most Indians, buying a home is the single largest financial commitment of their lifetime. A structured checklist prevents costly mistakes.
Financial Preparation
- Calculate your total budget (own funds + maximum loan eligibility)
- Check your CIBIL score (minimum 750 for best rates)
- Get a pre-approved home loan
- Estimate total cost including stamp duty (5–7%), registration (1%), interior (5–10%)
Legal Due Diligence
- Verify title deed and encumbrance certificate for 15 years
- Confirm building plan approvals from municipal authority
- Review the builder buyer agreement with a lawyer