Enthusiasm is the most expensive thing in a property transaction. This is the sequence we take our own clients through before any money moves.
1. Verify the RERA registration yourself
Every registered project has a MahaRERA number. Look it up on the MahaRERA portal rather than accepting a number on a brochure, and check that the project details, promoter and declared completion date match what you have been told.
2. Read the total cost, not the headline rate
- Base price against carpet area
- Floor rise, if applicable
- Parking
- Applicable taxes and statutory charges
- Maintenance deposit and society formation charges
- Any club or amenity membership charges
3. Check the developer's delivery record
Look at what the developer has completed, not only what they have launched. Visit an older completed project if you can — construction quality five years on tells you more than a sample flat does.
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Get My Property Options4. Understand the payment schedule
Construction-linked plans and time-linked plans expose you differently if a project runs late. Make sure you understand which one you are signing and what happens on delay.
5. Get your loan sanctioned in principle first
Knowing your sanctioned eligibility before you negotiate changes the conversation, and removes the most common cause of a booking falling apart later.
6. See the actual flat, not only the sample
Sample flats are often furnished to make rooms read larger. Ask to see the actual unit or an unfurnished shell of the same layout, and check the view, light and the open side.
7. Read the agreement before you sign it
Possession date, penalty clauses, specification schedule and what happens to your booking amount if you withdraw. If anything is unclear, get it clarified in writing before signing.
Our advisors run this checklist with every client as a matter of course. If you would like help applying it to a specific project, talk to us.
This article is general guidance from Alpha Homes and does not constitute legal, tax or financial advice. Please verify project-specific and statutory details independently before acting on them.