Everything You Need to Know
Before You Buy
Plain-English guides on the Pune property buying process — written to help you make confident, informed decisions at every step.
First-Time Home Buyer's Guide
A step-by-step walkthrough for buying your first home in Pune — from budget planning to registration.
8 min readHome Loan Guide
Everything you need to know about getting a home loan in India — eligibility, types, documents, and tax benefits.
6 min readReady to Move vs Under Construction
Not sure which to choose? An honest comparison to help you make the right call for your situation.
5 min readBeginner
First-Time Home Buyer's Guide
Assess Your Financial Readiness
Check your credit score (aim for 750+). Save for a down payment — banks fund 75–90% of the property value, so you need 10–25% upfront. Also budget for stamp duty (5–6%), registration (1%), interior work, and moving costs. As a rule of thumb, your monthly EMI should not exceed 40% of your take-home salary.
Get Pre-Approved for a Home Loan
Approach 2–3 banks before you start property hunting. Pre-approval gives you a clear budget and makes you a credible buyer when negotiating. Compare interest rates (floating vs fixed), processing fees, and prepayment terms. Banks typically fund 75–90% of the registered property value.
Shortlist Properties & Visit
Define your non-negotiables: location, size, type (apartment/villa/plot), and budget. Visit at least 5–6 properties before deciding. Check proximity to workplace, schools, hospitals, and highways. Visit at different times of the day to assess noise, natural light, and neighbourhood activity.
Verify Legal Status (Due Diligence)
Ensure the project is RERA registered at maharera.mahaonline.gov.in. Get a title search done by a lawyer to confirm clear ownership. Verify the encumbrance certificate (no outstanding loans on the property). For ready properties, check all building approvals and the Occupancy Certificate (OC).
Negotiate, Book & Register
Negotiate the price — a 3–7% reduction is typical in Pune's market. Pay a token amount (1–2%) to block the property, followed by signing the Agreement to Sale. Your bank will disburse the loan and you'll execute the Sale Deed registration at the Sub-Registrar office to complete ownership.
Finance
Home Loan Guide
Loan Eligibility Factors
Banks assess your age (21–60 for salaried, up to 65 for self-employed), income, credit score, job stability, and existing liabilities. A CIBIL score of 750+ gets you the best rates. Salaried employees typically need a minimum of 2 years with their current employer.
How Much Can You Borrow?
The LTV (Loan-to-Value) ratio determines funding: up to 90% for properties up to ₹30 lakh, 80% for ₹30L–₹75L, and 75% for above ₹75 lakh. Most banks allow an EMI up to 50–60% of your net monthly income across all loans.
Floating vs Fixed Rate
Floating rate loans are linked to the RBI repo rate — when rates fall, your EMI reduces. Fixed rate loans lock in your rate for a defined period (usually 2–5 years), offering predictability. Most borrowers choose floating in a declining rate environment.
Documents Required
Salaried: 3 months salary slips, Form 16, 6 months bank statements, ID and address proof. Self-employed: 3 years ITR, profit & loss statement, 12 months bank statements, and business registration proof.
Tax Benefits
Section 80C: Deduction on principal repayment up to ₹1.5 lakh per year. Section 24(b): Deduction on interest paid up to ₹2 lakh per year (self-occupied property). First-time buyers may claim an additional ₹1.5 lakh under Section 80EEA on loans up to ₹35 lakh for affordable housing.
Comparison
Ready to Move vs Under Construction
| Factor | Ready to Move | Under Construction |
|---|---|---|
| GST | No GST applicable | 5% GST on property value |
| Price | Higher (10–20% premium) | Lower — good entry price |
| Possession | Immediate | Typically 2–4 years away |
| Construction Risk | None — inspect before you buy | Delay or quality risk possible |
| Physical Inspection | Full inspection possible | Sample flat only |
| Customisation | Limited scope | Choose floor, unit, often finishes |
| Home Loan EMI | Full EMI starts after registration | EMI on disbursed amount; full EMI after possession |
| RERA Protection | Applies if RERA registered | Full RERA protection for ongoing projects |
✓ Choose Ready to Move if…
- •You need to move in immediately
- •You prefer certainty and zero construction risk
- •You want an established neighbourhood with proven infrastructure
- •You are buying a resale home
✓ Choose Under Construction if…
- •You have 2–4 years before you need the property
- •You want a brand-new unit with latest amenities
- •You are buying for investment and can wait for appreciation
- •The developer has a strong, proven track record
Need Help?
Talk to a Venus Realtyy Expert
Our advisors are available to guide you through every step — from shortlisting to registration. No obligation, no pressure.