Get the Tata Capital App to apply for Loans & manage your account. Download Now


Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

Tata Capital > Blog > Loan for Home > 5 Tips on How to Buy Your Dream House in Gurgaon

Loan for Home

5 Tips on How to Buy Your Dream House in Gurgaon

5 Tips on How to Buy Your Dream House in Gurgaon

Thinking of moving to Gurgaon? Well, it’s a sound decision. The up-and-coming urban city is a leading industrial and financial hub with the third-highest per capita income in India. Needless to say, considering the disposable income the populace has, many developers have launched exciting housing projects to cater to a burgeoning audience of homebuyers.

As a result, there are many top places to buy a house in Gurgaon (or Gurugram) which offer a heightened standard of living. But before rushing into a deal, pay heed to these top five tips for a sound home-buying decision.

Start your research early

It’s best to start shopping around the moment you decide to buy a house in Gurgaon. Since housing development is in full swing, you can grab exciting home deals if you book early in the construction. Also, while visiting these properties, make sure that you check the sample flat for your configuration. If the builder denies that, it’s best to steer clear of the property.

Another thing to check before you buy a house in Gurgaon is the locality. Check if the area is safe and has all amenities nearby. For example, if you have kids, you might want to buy a flat in Gurgaon that is close to a school. Plus, don't overlook essentials like a supermarket, pharmacy, hospital, etc. as you might have to commute long distances to get basic supplies.

Determine your budget

Given the many luxurious properties and smart homes popping up across Gurgaon, the price tag is going to be hefty. Therefore, while researching properties, simultaneously work on a budget to decide which properties to strike off your list and which to consider.

Also, if you have found a really good deal but don’t have enough funds for booking, you can always take a housing loan. With the current all-time low home loan interest rates, you can easily live in your dream home without any financial stress.

But while choosing a lender, do keep in mind your current and future financial needs. It is also wise to use an online EMI calculator to check your potential EMIs before taking a home loan to buy a flat in Gurgaon. This will help you determine the maximum loan amount that you can afford to repay comfortably. 

If your dream home exceeds your budget, worry not. You can find several apartments for sale in Gurgaon that fit your budget. Just be patient and expand your search.

Get in touch with a real estate agent

If you don’t have time to research, it’s best to hire a real estate agent. These individuals have sound knowledge of the market and help you get the best deal. And even though they’ll charge a fee, it’ll still be worth it. Not only that, but they can also help you find an affordable home loan in Gurgaon lender to finance your property purchase.

Moreover, a real estate agent has access to a wide range of apartments for sale in Gurgaon that might not be publically available. What's more? They're also equipped with the legal knowledge to buy a house in Gurgaon. This can help you avoid any legal troubles and buy a house in Gurgaon quickly and conveniently.

Commute and transportation

If you’re working in Gurgaon, it’s best to buy a home close to your office. And some of the best places to buy property in Gurgaon are located near the employment district, allowing you to cut the commute part out. However, if you’ve found a great property elsewhere, make sure it has adequate modes of transportation in the vicinity for a hassle-free commute.

Size vs amenities

This is a dilemma many homebuyers face. Some projects have a ton of amenities but have a smaller build-up area. Some projects have it the other way around. So, it’s best to carefully consider this before signing a deal. If you’re not going to have time to enjoy the amenities, it’s not worth losing square feet over.

However, if the size isn’t really an issue for you, you could go for a house with better amenities.

Over to you

Keeping these five tips in mind during the home buying process can save you a ton of time and mental stress.

But if it’s the financial stress you’re worried about, let Tata Capital’s home loans help you out. With easy eligibility, low rates, and fast processing, you can have the key to your dream home in no time and without any hassles.

Check out our loans today on our website.

Leave a Reply

Your email address will not be published. Required fields are marked *