
- May 28, 2021
- News
A Quick Guide to Buying a Home Online in India
Purchasing real estate online has become the ‘new normal. Prospective homebuyers who were previously ignorant of how to buying a house online are now more receptive to the concept of not just researching apartments, but also completing the home purchasing process totally online.
Following Covid-19, India’s real estate sector has made considerable progress toward providing digital accessibility and client convenience. Select forward-thinking developers have effectively redesigned the sales process to enable end-to-end online house sales.
For the first time in the industry’s history, a residential project (in MMR) was successfully launched in 2020 using a zero-touch, immersive mobile platform that enabled consumers to complete the sales process entirely online, from the comfort of their homes.
There were no face-to-face meetings or site visits; instead, entirely contactless transaction infrastructure, virtual tours and meetings, online apartment selection, and digital paperwork and payments were used. Homebuyers may also involve friends and relatives in the decision-making process, even if they lived in separate cities.
Furthermore, historically low house loan interest rates and stamp duty rates (in places like as Maharashtra) have motivated many uncertain buyers to proceed to the purchase stage since then.
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This is, without a doubt, one of the finest periods to invest in real estate, and here are a few practical dos and don’ts when buying a home online:
- Only conduct research on reputable platforms. This is especially true in the case of NRI investments.
- Do not be swayed by large internet discounts only for their own sake. Make sure you’re investing in a reputable real estate company with a proven track record.
- If you do decide to accept an offer, make certain that it matches your personal financial needs.
- Perform complete due diligence on all real estate-related papers.
- Learn more about the initiative by visiting your state’s RERA webpage!
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