How to Buy a House in Delhi?

I came across your question, and I believe I can help you with how to buy house in Delhi. Recently, I bought a house and that was through the NoBroker platform. It was pretty easy to find a house of my choice, and the best part was that I paid zero brokerage. Here is how I did it. 

How to Buy Home in Delhi?

You can follow the steps that I have mentioned below to purchase the house. 

• Visit the

  NoBroker website

  . 

• Mention your preferred locality at the top corner of the screen.

• Browse through the list and choose a house to your liking. 

• Next, click on Get Owner Details. 

• Now, enter your mobile number, name, and email address. 

• An OTP will be sent to your mobile number; Enter that. 

• On the next page, click on the Schedule A Visit option. 

• Choose the date and time according to your preference and click on Book a Slot. 

And that’s about it. All the details will be sent to your email address. I hope this solves your query.

One of a person's or a family's most significant financial decisions is purchasing a home. At least it was for me and my family. We knew that planning is necessary, and a number of aspects, including the budget and location, must be taken into account before we even started executing our plan to buy a house in South Delhi. Real estate is very popular in Delhi, the vibrant capital of India. Although purchasing a home might seem intimidating, careful planning can assist. I can help you with that.

How to buy home in Delhi?

• Construction calibre: When thinking about buying a house, ask your builder about the calibre of the materials used in its construction.

• One of the most crucial elements to take into account when buying a home is connectivity. Make sure the property is easily accessible from other parts of the city and is close to markets, retail shops, hospitals, schools, metro stations, bus stops, and other amenities.

• For individuals residing in a large metropolis like Delhi, security is a top priority. Before deciding, be sure the place you choose is gated and has a security guard.

• Parking: It's critical to get a home with enough parking space if you have a car or plan to buy one. You might pay a high price if you ignore this element.

• Future Plans: Prior to purchasing a house, it is crucial to consider how long you anticipate staying there. It wouldn't be a good idea to make such a significant investment if you might need to move soon.

Step-by-Step guide on how to buy a flat in Delhi

• Check your finances: Determine how much you are willing to spend on your new home as the first step. According to experts, you shouldn't borrow more than 30% of your gross income. Therefore, you must determine how much you can afford to borrow for a property.

• Establish a location: If you want to know how to buy a home on EMI in Delhi, it's important to comprehend your needs and establish a location in accordance with them. For instance, it would be sage to look for a home that is close to reputable schools if your household includes youngsters. Similarly to this, purchasing a home close to your place of employment might help you save a lot of time and money.

• Choose a home loan: If you require a home loan, compare the loan rates offered by several banks. Compare them carefully, then pick the one that best satisfies your needs and budget.

• Save up: It's time to start saving up once you've determined how much you must spend and how much your monthly instalments will be. Of course, you'll need to put down a specific sum of money. In fact, you might save more on your EMIs the greater the down payment you make.

• Check out options: Once your calculations and savings are complete, it's time to start considering your possibilities. The secret to finding the ideal home is to be patient and adaptable. Make a list of all the demands that you cannot compromise on and those that you are willing to forego.

Before making a decision to buy a house in South Delhi, consider as many choices as you can.

Buying a property in the national capital is a huge task. You have to look for multiple things before finalizing on ‘The One.’ I can say this with a lot of experience as I have recently bought a property here. I can take you through my journey so that you know what to expect and what to prepare for. For now I can share a few intricacies such as property rates in Delhi, things to take care of while buying house in Delhi, etc. Here you go:

Let us first talk about what are the major things you should start thinking about:

I know people usually think these are two separate things but I feel differently. When I was out on a house hunt my logic was to narrow down on top 5 locations and find out house price in Delhi. I spoke to a few agents, contacts and did online research as well, I figured out that there are quite affordable properties in Chhatarpur, Nawada, Burari, Uttam Nagar and Mehrauli area. These are the prices that you can expect:

Once you have a fair idea of how much you are willing to spend and where you want to buy a property, you will start looking for finances. The most common way is to apply for a home loan and get the maximum loan amount to finance your dream home. You also got to pay the down payment for your house. You can pay the down payment out of your savings, PF, you can take a personal loan, etc. Also, did you know that banks offer 80% to 90% of home loan amount depending on your financial standing.

Once you are through with the monetary aspect of buying house in Delhi, you have to consider that there are legal and technical checks which you have to go through as a buyer. This is done to ensure that the property is legal, free from any encumbrance, has the right land permissions and authorized by all the relevant authorities. I myself did that and took assistance from the legal experts to ensure that I was dealing in the right place.

These are the top things that come to my mind when someone talks about buying house in Delhi. Again, be careful and don’t let anybody con you by asking for way higher flat rate in Delhi. Pay for what it’s worth.