Property Buying Guide In India

By Author: Saloni Mehta
Total Articles: 32
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There comes a time in our lives when we can’t wait to have a place of our own. The constant reminder of paying rent on time directly triggers the thought of having our dream home. However, buying a property is a huge decision and one requires a property buying guide before making any decision. Here are a few steps to buying a property that address common queries, provide unique pointers and take you through the process of home buying.

Step 1: Budget fixation and checking home loan eligibility

Budget plays the biggest role in determining all the other factors of buying a property. Your current earnings, current age, amount of other outstanding loans and CIBIL score have a significant bearing on your home loan eligibility. While banks finance 80-85% of the home value, buyers usually need to arrange for 15-20% as a down payment.

Step 2: Deciding the EMI

Home loans can be availed for a maximum tenure of 30 years. However, the longer the loan tenure, higher is the interest on the amount borrowed. Investment experts feel that home loan borrowers should ideally opt for an EMI that is less than 40 - 45% of their total monthly earnings.

Step 3: Checking the influencing factors

Planning goes a long way while buying a property. Your current stage in life hugely affects the type of your ideal house. Here are some factors that every prospective home buyer must consider.

A location with excellent commercial & social infrastructure to meet your everyday needs.


A newly married couple, a retired couple with children settled outside the city and expecting parents can opt for a 2 BHK instead of 1 BHK. While a bachelor usually opts for a 1 BHK. If you are a joint family, 3 BHK should be your first preference. Couples with toddlers should go for a house with kid’s play area, garden and safety measures. For instance, Kandivali’s Godrej Nest provides you with a 7-tier security system carefully designed for a family’s safety right from the project level to the apartment level.


A location which has witnessed steady growth is another important factor to be considered. For example, buying a house near a railway station or airport is always a better option.

Step 4: Picking the right option

Property buying guide suggests home buyers to opt for a builder of repute with strengths like quality construction, timely delivery, financial stability and trust to its credit. Residential projects with wide range of amenities should be a preference. One of the most trusted names in the industry, Godrej Properties, offers you a diverse portfolio of residential projects at a number of cities.