Property Do's and Don'ts for a buyer in Real Estate

Buying property in Bangalore can be a wise and fulfilling investment if approached thoughtfully—backed by due diligence, sound financial planning, and awareness of local market dynamics. 

The Do’s

1. Conduct Thorough Legal Due Diligence

• Verify the title deed, encumbrance certificate, sale deed, Khata, approval from BBMP/BDA, and occupancy certificate.

• Make sure the property is RERA-registered via the Karnataka RERA portal for transparency and protection.

2. Evaluate the Builder’s Reputation

• Research the developer’s past projects, timeline track record, and customer reviews.

• Look for builders who deliver on time and uphold quality, especially in a bustling city like Bangalore where delays are common.

3. Understand and Define Your Budget Clearly

• Calculate the total cost including the base price and additional costs.

• Obtain the source of funds and its pre-approval to know your affordability, following strong negotiation

4. Inspect the Property (in case of completed projects)

Physically inspect the property’s () construction quality, plumbing, electrical fittings, common areas, and amenities thoroughly.

5. Assess Location & Future Infrastructure

• Prioritise connectivity to work, schools, healthcare, and public transport.

• Evaluate upcoming developments like metro lines or commercial zones that could boost property value in the future.

6. Plan for Future Resale Value

• Consider how easy it would be to resell—properties in well-connected, developing areas tend to offer better returns.

7. Leverage RERA Protections

• RERA ensures safeguard of buyer interests—timely delivery, escrow fund control, compensation for delays, and transparency in pricing.

• Be vigilant about expired or lapsed projects—K-RERA data reports many such cases in Karnataka that compromise buyer security.

8. Post-purchase expenses including Maintenance Costs

• Account for post-purchase expenses like long-term maintenance, sinking fund, taxes, and furnishings.

The Don’ts

1. Don’t Skip Legal Checks 

• Avoid properties with unclear titles, missing approval documents, or lack of RERA registration.

2. Don’t Fall for Emotion-Driven Decisions

• Don't get overly attached to aesthetics without considering the practical aspects like location, durability, or cost.

3. Don’t Underestimate Total Costs

• Avoid the trap of only budgeting for property price—Consider factors in taxes, hidden fees, and upgrade or maintenance costs.

4. Don’t Ignore Builder Behavior or Project Transparency

• Avoid projects where the builder makes unrealistic claims or fails to provide regular status updates.

5. Don’t Rely on Cash Transactions or 100% Upfront Payments

• These often lack proper documentation and are risky. Stay cautious with subvention or rental return schemes not protected under RERA.

6. Don’t Delay Filing Complaints

• If you face delays or discrepancies, act quickly. RERA has timelines for dispute resolution, and delays weaken your position.

7. Don’t Ignore Environmental Risks

• Avoid properties built on flood-prone zones, near encroachments, or with poor drainage, which may be subject to court-ordered demolition.

8. Don’t Overstretch Your Finances

• Stay within your means. Over-leveraging can lead to stress and jeopardise financial stability.