Step 1 — Budget & Loan Pre-Approval
Determine your all-in budget including stamp duty (7% in Haryana), registration (1%), and GST (5% on under-construction). Get a loan pre-approval letter before site visits — it strengthens negotiation position.
Step 2 — RERA Verification
Check the project on hrera.in. Verify the RERA registration number, approved floor plans, and the developer's completion track record.
Step 3 — Builder Due Diligence
- Previous project delivery timelines
- Pending litigations via court records
- Encumbrance certificate on the land parcel
Step 4 — Agreement Review
Hire a property lawyer to review the Builder-Buyer Agreement. Key clauses: possession date, penalty for delay, exit clause, and maintenance charges cap.
Step 5 — Possession Walkthrough
Before final payment, inspect for construction quality defects. Raise a written snag list — developers are legally bound to rectify within 5 years under RERA.