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Q.

What should I check before buying a new house in Mumbai with home loan?

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Here are some things you should know before buying a house in Mumbai.

  • Be aware of the home loan tax deductions and other tax-serving opportunities. This will reduce the overall cost of homeownership.

  • Ensure proper due diligence. Verify all the legal documents like the title deed, encumbrance certificate, and occupancy certificate to avoid any legal complications. 

  • When you’re taking a home loan,  make sure you compare interest rates, loan tenures, and eligibility criteria of different banks. 

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Why is due diligence important before buying a property?

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