First-time home buyer in Mumbai? A simple money checklist

Buying a home is the biggest financial decision most families make. This general checklist helps you plan; it is not financial advice, so please speak with your bank or advisor.

Before you book

• Check your home-loan eligibility with two or three banks.
• Keep your KYC, income proof and bank statements ready.
• Plan for your own contribution (down payment) in addition to the loan.

Costs beyond the flat price

• Stamp duty and registration charges as applicable in Maharashtra.
• GST on under-construction property, where applicable.
• Parking, society formation and maintenance deposits, if any.
• Interiors and moving costs.

Protect yourself

• Verify the project's MahaRERA registration on the official portal.
• Read the agreement for sale carefully, including the possession clause.
• Pay only through traceable banking channels and keep every receipt.