COMPLETE GUIDE TO BUYING YOUR FIRST FLAT IN HYDERABAD

Complete Guide to Buying Your First Flat in Hyderabad

Complete Guide to Buying Your First Flat in Hyderabad

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Real Estate Consultants in Hyderabad

Buying your first flat is a significant milestone — financially and emotionally. Hyderabad, one of India’s fastest-growing metros, offers a range of residential options that cater to every budget and lifestyle.

This step-by-step guide by HousingVault will help first-time homebuyers in Hyderabad make a confident, informed decision.

✅ Step 1: Understand Your Budget

Before searching for flats:

  • Assess your savings (for down payment, registration, interiors).

  • Check your loan eligibility (use bank EMI calculators).

  • Don’t forget:

    • Registration & stamp duty: ~6-8%

    • Interior work: ₹3–10 lakh depending on size

    • Maintenance deposits: One-time payments to builder

Pro tip: Set a realistic buffer of ₹3–5 lakh over the flat cost.

✅ Step 2: Choose the Right Location

Hyderabad offers diverse zones:

  • Kondapur, Gachibowli – IT professionals

  • Kokapet, Narsingi – Premium lifestyle, upcoming villas

  • Tellapur, Miyapur – Affordable flats with infrastructure development

  • LB Nagar, Uppal – East Hyderabad budget homes

 Use HousingVault’s Hyderabad location expertise to match your budget with the best zone.

✅ Step 3: Decide Between Under-Construction or Ready-to-Move

  • Ready-to-Move-in:

    • Instant possession

    • Slightly more expensive

    • No GST

  • Under-Construction:

    • Lower cost

    • Flexible payment schedule

    • GST applicable (5%)

If you want immediate occupancy or rental income, go for ready-to-move. Otherwise, under-construction gives better pricing.

✅ Step 4: Verify the Builder & Project

Always check:

  • RERA registration (rera.telangana.gov.in)

  • Builder’s past projects & delivery record

  • Legal approvals (GHMC, HMDA, Airport Authority if near ORR)

  • Commencement certificate, fire NOC, environmental clearance

Not sure how to verify?
HousingVault does builder due diligence for every property it recommends.

✅ Step 5: Know the Carpet vs Super Built-Up Area

  • Carpet area = actual usable space (kitchen, rooms, hall)

  • Super built-up area = includes lifts, lobby, stairs

 Don’t fall for large numbers — always calculate price per sq. ft of carpet area.

✅ Step 6: Compare Pricing, Offers, and Amenities

Look for:

  • Price per sq. ft (after discounts, floor rise)

  • Possession date

  • Amenities: clubhouse, parking, power backup, water supply, security

  • Hidden charges: GST, corpus fund, legal fees

Tip: Let HousingVault negotiate with builders on your behalf for better deals.

✅ Step 7: Get Home Loan Pre-Approval

Banks to consider:

  • SBI, HDFC, ICICI, Axis Bank, LIC Housing

  • Look for fixed or floating interest options

  • Loan processing time: 7–15 working days

 Keep ready:

  • Aadhaar, PAN

  • Salary slips/Form 16

  • Bank statements (last 6 months)

  • IT returns

✅ Step 8: Register Your Flat & Get Handover

  • Stamp Duty: 4% (varies)

  • Registration Fee: 0.5–1%

  • Collect sale deed, possession letter, and khata/patta

  • Do a pre-handover inspection with a checklist (wall finishes, leaks, fittings)

 Once done — congratulations, you own your dream flat in Hyderabad!

 Need Help Buying Your First Flat?

HousingVault is a trusted real estate consultant in Hyderabad that helps first-time buyers:

  • Choose the best locations & builders

  • Negotiate prices & payment plans

  • Handle legal checks & registration

  • Provide NRI-friendly virtual services

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