How To Buy A House Through The Right Sources In 2025?

1-minute Summary Of How To Buy A House?

Know how to buy a house with these useful insights. Start with planning the budget. Maintain a good CIIBL score of 750+, as it determines your loan eligibility. Select the location with better infrastructure, connectivity, safety, and employment opportunities. Always choose a property in a prime location that assures good resale value. Always select the RERA-registered properties to prevent fraud. 

Further, choose a suitable lender who offers a loan on better terms. You can use the loan affordability and EMI calculator. Select a certified property portal like Homebazaar.com. It presents verified properties and user-friendly options like preference-based filters, virtual tours, customer reviews, etc. Proper documentation is a must, which includes an identity proof, income proof, address, etc. Consult a legal expert and confirm whether key documents like the title deed, sales deed, non-encumbrance certificate, Occupancy Certificate, etc., are in place. 

Considering this, now is the time to buy a house with competitive interest rates. First-time homebuyers get extra benefits under Sections 80EE and 80EEA. The emerging real estate hubs hold great potential for maximum price growth. 

Financial Assessment and Budget Planning

Financial Assessment is the foremost step in homebuying. You must analyse your current financial situation and confirm whether you are capable of property investment or not. Evaluating your finances helps you in efficient budgeting and allocation of expenses. 

Also, always maintain a backup and your credit score. A higher credit score will get you the best-suited home loan with better terms and interest rates. Your credit score determines your creditworthiness, considering your repayment history and liabilities. 

How much CIBIL score is required for home loan in India?

Generally, 750 or more is considered the ideal credit score for home loan in India. 

Does credit score impact the housing loan interest rate in India?

A better credit score results in the most reasonable housing loan interest rate in India. 

Read also: Tips for First Time Homebuyers in India

Why Should You Choose The Right Location And Property?

A decent location is equipped with every necessary facility, like schools, hospitals, gardens, proper civic facilities, entertainment, and nearby workplaces. Such a location also has good connectivity options to major places. Consider the return on investment and resale value in the specific location. 

Following the location, you must choose the right property. Always consider properties from reputed Grade A developers. This assures you of high-standard construction quality, uncluttered spaces, and legal validations. You must always opt for a RERA-registered project. This prevents you from any fraud or false commitments. 

You can check the details and updates of any project on the MAHARERA website to ensure their authenticity. 

Why is legal verification of property necessary?

Legal verification of property ensures that the intended property is free from any dispute or encumbrance. The clear title of a property is mandatory to avoid any lawsuits or ownership disputes in the future. 

How To Choose The Right Lender For A Home Loan?

There are several top financial institutions or banks for lending a housing loan in India. Before finalising the property deal, it is vital to search, compare, and filter out suitable financial lenders. The selection of an ideal home loan lender is based on various parameters. 

Loan Terms – Select the lender that offers beneficial loan terms. Check if they offer the preferred loan tenure, flexible or customisable repayment options, minimal processing fees, and foreclosure fees.

Attractive Rate Of Interest – The Rate of interest determines the total amount paid by you for the loan. Look out for lenders that provide loans at lower interest rates to avoid any financial strain. 

Hassle-free Paperwork – Review the overall documentation process of the specific lender that you prefer. An initial understanding of this prevents time-consuming delays. 

Customer Support – Choose the lender that offers transparent and efficient customer service support. The customer service should provide prompt responses and quick redressal of issues. 

Prompt Sanction and Integrity – The financial institution should have mentioned all the rules and conditions precisely. There should be no hidden charges levied on customers. Minimal documentation and a transparent process result in quick sanction of the loan, followed by the disbursement of the loan amount. 

How to get the ideal home loan lender?

Finding a suitable home loan lender is vital to avoid any financial strain. Start with your financial assessment and planning, search and compare the terms and the rate of interest provided by various lenders. Finally, select the one that pre-approves the preferred loan amount at the competitive interest rate. 

How to check my home loan affordability?

Check your home loan eligibility with this easy Home loan affordability calculator, while adding the required information. 

Why Should You Choose The Right Platform and Guide?

No doubt, the property search and homebuying process is a daunting task. It calls for numerous property searches, visits, inspections, comparisons, and more. So, choose the right source of information, such as a local real estate expert or a registered property listing portal. 

The property experts have years of experience and a great understanding of the localities. They also have a great connection with Grade A developers, assuring you of the best property deal. They provide valuable insights regarding the ideal property options. 

Always look out for the credit property listing portal for online property search. Check their track record and customer reviews. The online property portal offers an end number of housing options, which you can filter out as per your preferences. These sites give a detailed preview of the project, its specifications, surrounding infrastructure, neighbourhood, etc.  

Select the property listing portal with a user-friendly interface and advanced facilities. The virtual tour of properties, 360-degree walkthrough of neighbourhood, 3D floor plans, and more help homebuyers with better analysis. 

Which is the best property site in India for buying a house?

Homebazaar.com is one of the best property sites in India for homebuying. It presents an extensive range of property options by Grade A developers across India. 

How to find the right platform for homebuying?

Research various online property portals that offer updated project listings in the preferred location. Check the credibility and track record of the real estate developer, broker, or property portal. You can review their customer testimonials for a first-hand experience. 

How To Check Your Home Loan Eligibility? 

Housing loan in India comes in varied options that enable homeownership for every individual, irrespective of social status. One can opt for a fixed-rate home loan or a floating home loan as per their monetary preferences. Though home loans lend money for the property purchase, it is always best to save for the down payment. 

As per the RBI mandate, any lender can lend you only 80% of the property value, and the rest 20% has to be borne by you. Before opting for any loan, check your property loan eligibility, home loan age limit, interest rate, home loan down payment, and tenure. 

Property loan eligibility is determined based on the salary, CIBIL score, age, etc. The home loan eligibility terms and conditions vary across different banks or financial institutions. You must have a stable income, sufficient funds, income proof, and a high credit score to secure the preferred loan amount on better terms and interest rate.  

How to reduce home loan tenure?

You can reduce home loan tenure by making a maximum down payment, choosing higher EMIs, and making prepayments. 

How much loan can I get on 20000 salary?

You can get a housing loan in India of around 12 Lakhs on a 20,000 salary, only if you have no other liabilities or default payments.  

What is the home loan age limit?

Any salaried person with his/her age ranging from 18 years to 75 years is eligible for a home loan. 

How To Calculate EMI On Calculator?

Once you have checked the home loan eligibility, calculate the EMI for your estimated loan. EMI or Equated Monthly Installment is a monthly payment against the approved loan for a specified tenure. Your EMI will be calculated based on the principal amount, loan tenure, and the rate of interest. 

It is always beneficial to pay the maximum home loan down payment to reduce the EMI amount. The lesser the down payment, the higher your EMI will be, along with costing you higher interest. As advised, your EMI should not exceed 40% of your total monthly salary. 

Know how to calculate EMI on calculator with our reliable home loan EMI calculator. 

How to reduce home loan EMI?

You can reduce your home loan EMI by making a lump sum down payment, increasing the loan tenure, and making part prepayments. To keep your EMI at a minimum, you can even opt for a floating rate of interest. 

What is a Pre EMI interest?

Pre EMI interest in the interest amount paid during the under-construction phase of the property, without the principal amount. 

What would be the 1 Crore home loan EMI for 20 years?

The 1 Crore home loan EMI for 20 years would be around ₹ 83,644 at an 8% interest rate.

Why Is Proper Documentation And Due Diligence Crucial?

The homebuying process is incomplete without proper documentation. You must be prepared with all necessary paperwork and required proofs. Below is the list of documents needed for the property documents verification in the homebuying process:

Address and Identity Proof – Aadhar Card, Voter ID, Passport, PAN Card, etc. 

Income Proof – Evidence of a stable income source, like bank statements, salary slips, income tax returns, etc. For self-employed individuals, a certificate of business registration, challans of tax payments, etc. 

Photographs – You must submit and always carry the soft copy and hard copy of your photographs for the homebuying process. 

Title Deed vs Sale Deed – Title Deed is the proof of ownership of property by the seller/developer. A sales deed denotes the transfer of ownership from the developer to the homebuyer. 

Sales Agreement – Sales Agreement is a crucial document for the homebuyer as it states the negotiated price, finalised terms and conditions, and other relevant details as discussed during the property deal. 

Building Approval Plan – Every homebuyer should thoroughly review this plan. It helps to ensure that the construction is being done accordingly. 

Non-Encumbrance Certificate – A Non-Encumbrance Certificate validates no liabilities or legal disputes on the said property. It is to ensure the legal verification of the property. 

Commencement Certificate – In case of under-construction properties, you must confirm whether the property has received the Commencement Certificate. It states that the construction is approved by the authority. 

Occupancy Certificate—The occupancy Certificate signifies that the property is completed and has received all legal approvals for possession. You should accept possession of your flats only after the occupancy certificate. 

Allotment Letter – In case of the under-construction properties, an allotment letter is provided to the homebuyer stating the payment terms and relevant details. 

It is mandatory for the homebuyers to carefully read and understand the above-mentioned documents before making any payments. You should check whether the developer is complying with the legal requirements and construction timelines. 

Always consult a law professional or a certified property expert to review and authenticate these documents. 

How can I verify documents before purchasing the property?

Check thoroughly and review the legal approvals and related documents like the title deed, sales, occupancy certificate, building plan, etc. Take the help of a legal professional or a valid property expert. 

Why is a Non-Encumbrance Certificate important?

A Non-Encumbrance Certificate ensures that the property has no liabilities or legal disputes. 

Why Homebazaar.com – The Best And Most Reliable Property Portal 

Homebazaar is the most reliable and trustworthy online property portal. Homebazaar.com is an efficient answer to How to Buy A House? Homebazaar is recognised as the Leading Property Advisors in India for consecutive years. This customer-centric property portal provides an extensive list of residential and commercial properties across various locations. 

The customer-friendly interface of Homebazaar allows you to filter the properties based on the price range, configuration, property type, amenities, builder ratings, possession timeline, new projects, or resale flats, etc. You can find the best-suited properties with Homebazaar at a discounted price. 

Homebazaar offers personalised assistance to its customers with no brokerage or service charges. This portal continuously updates new projects and the progress of the ongoing projects. It also provides comprehensive assistance right from the property deal to documentation and home loan support. 

It has a dedicated project description that lets you review the carpet areas, floor plan, price, possession timeline, amenities, neighbourhood details, social infrastructure, and customer reviews. The price graph allows you to understand the investment potential of the property. 

How To Buy A House In India?

First, analyse your budget and financial situation. Determine the expenses to be incurred for homebuying. Explore and check home loan eligibility and prepare for documentation. Search and compare various properties in the ideal location. Verify all the documents cautiously before buying the property. 

What Are The Things To Check Before Buying A Flat?

Is It Good To Buy A House Now?

Considering the ongoing market trends and sound economic conditions, now is the right time to buy a house in India. Though property prices in prime locations are high, the rate of interest rates are still competitive. The government incentives are also encouraging affordable housing for middle-class individuals. Emerging hotspots like Panvel, Gurugram, Nagpur, Thane, Noida, Lucknow, Chennai, and offer a great opportunity for an attractive return on investment. 

What Are The Advantages Of Buying A House?

Financial Stability – Homeownership is a long-term asset that offers you emotional fulfillment and financial stability in your retirement years. 

Liberty – Homeownership gives you the freedom to customise your property without any restriction. 

Return on Investment – Homebuying in a prime or a Tier 2 city assures you of lucrative price growth in the coming years. 

Rental Yields – Investment in a property can also be your source of income. Purchasing a second home near the commercial hub gives you a good rental income. 

Government Incentives and Tax Benefits – The Government has incentivized first-time homebuying with additional benefits on loans under sections 80 EE and 80 EEA.

Disclaimer: With 12+ years of experience & expertise in the real estate industry, Homebazaar provides end-to-end property-buying solutions. Hundreds of 100% verified RERA-registered residential & commercial properties are listed on our website. We provide facilities like Zero brokerage, 360° virtual street view, effortless site visit services, end-to-end property buying agreements & documentation guidance, and low-interest home loan assistance. This helped us gain the trust of 1,25,000+ clients across India & sold 9,500+ homes of top reputed developers while saving Rs. 210+ Crores of brokerage.