Buying a Home Before Year-End: 5 Things to Check Before You Book

December is close.

Builders are chasing year-end targets. Banks are pushing loan numbers. And you’re thinking, “Maybe I should finish this before the year ends.” 😌

If you plan on buying a home before year-end, a little pressure is normal.

Just make sure these 5 things are checked first. 👇

✅ 1. Is the Project RERA Approved?

Check the project on rera.karnataka.gov.in.

Status must say “Approved.”

Do this before the token amount, not after. 🔍

💰 2. What’s the Total Cost, Not Just the Price?

Year-end offers often show only the base price.

Ask for a cost sheet that includes:

✔ GST (if under construction)

✔ Stamp duty and registration

✔ Parking and club charges

✔ Maintenance deposit

The real number is often much higher than the advertised one. ⚠️

🏦 3. Is Your Loan Sanctioned?

Get a pre-approval before you pay a booking amount.

Banks slow down in December, so approvals can take longer.

A delayed sanction can put your booking at risk. 📋

📅 4. What Does the Agreement Say About Possession?

Check three things:

✔ Possession date

✔ Delay penalty clause

✔ Cancellation terms

A year-end deal means little if the date keeps shifting. 🏗️

🧾 5. Are You Buying for the Home or the Tax Saving?

Tax benefits on home loans are real, but they depend on your tax regime.

Don’t let a deduction decide the home. Check with your CA first. 💡

🎯 One Rule to Remember

If a deal is only good “until 31st December,” ask why.

A good home will still be good in January. 🙏

💙 At Houzay, We Help You Buy With Clarity, Not Deadlines.

The right home is the one you can verify, afford and enjoy for years.

Planning to book before year-end? Let’s go through your checklist together. 🏠🔑

By: Sayani

Houzay