Real Estate FAQs - Flats for Sale, RERA, Home Loan Guide

Buying a flat offers ready infrastructure, security, and amenities with lower maintenance responsibility, while a plot offers land appreciation and construction flexibility — the better option depends on your investment goals and timeline.

What is the ideal size for a 2 BHK flat?

A standard 2 BHK flat typically ranges from 650 to 1000 sq. ft. carpet area, depending on the city and project, offering enough space for small to mid-sized families.

What government schemes are available for first-time home buyers?

Schemes like the Pradhan Mantri Awas Yojana (PMAY) offer subsidies and tax benefits to first-time home buyers, along with a discounted interest rate on their home loan.
Reference: PMAY Official Website

How can I increase the resale value of my property ?

Good maintenance, modern amenities, a strategic location, and timely renovations all help boost a property's resale value — areas with ongoing infrastructure development also tend to see faster appreciation.

What is rental yield and how is it calculated ?

Rental yield is calculated by dividing the annual rental income by the property's total value — the average rental yield in real estate typically ranges from 2-4%, depending on location and property type.
Reference: National Housing Bank

How much are stamp duty and registration charges ?

Stamp duty generally ranges from 5-7% of the property value depending on the state, with registration charges adding up to another 1% — these charges vary based on state government regulations.
Reference: Department of Registration and Stamps, Maharashtra

How do I choose the best location for a property investment?

Locations with good connectivity, upcoming infrastructure projects, schools, hospitals, and proximity to commercial hubs typically offer better long-term appreciation and higher rental yield.
Reference: Ministry of Housing and Urban Affairs

What documents should I check before buying a flat ?

Before purchasing a property, always verify the sale deed, title deed, RERA registration certificate, occupancy certificate, and encumbrance certificate — these documents confirm clear legal ownership and protect you from future disputes.
Reference: RERA Official Portal

What is a RERA registered property and why does it matter ?

A RERA registered property is one that is legally approved under the Real Estate Regulatory Authority, ensuring transparency, timely possession, and protection from fraud — always verify the RERA number before investing in any property.
Reference: Ministry of Housing and Urban Affairs – RERA

What is the difference between carpet area, built-up area, and super built-up area ?

Carpet area is the actual usable floor space, built-up area includes walls and balconies, and super built-up area also includes common areas like the lobby and staircase — understanding all three terms is essential to judge the true value of a property.
Reference: RERA Carpet Area Definition

4. How do I check my home loan eligibility ?

Home loan eligibility depends on your income, credit score, existing liabilities, and the property's value — banks generally approve loans up to 20-30 times your monthly salary, subject to a CIBIL score of 750 or above.
Reference: Reserve Bank of India – Home Loan Guidelines

5. Which is better — a ready to move flat or an under construction property ?

Ready to move properties offer immediate possession and no GST, while under construction properties are usually priced lower and come with flexible payment plans — the right choice depends on your urgency and budget.
Reference: Central Board of Indirect Taxes and Customs – GST on Real Estate