1. Falling for "Pre-Launch Hype" Without Checking Approvals Many first-time buyers jump at attractive pre-launch prices without confirming RERA registration, land clearance, or layout approvals. Later, delays or legal disputes freeze the project.
2. Ignoring Future Infrastructure Plans A project may look peaceful now, but future expressways, metro lines, or commercial hubs nearby can change traffic, noise, and rental values drastically.
3. Overstretching Loan Eligibility Banks may approve a bigger loan than you need, tempting you into a higher EMI. This often leaves no room for emergencies or lifestyle needs.
4. Skipping Hidden Cost Calculations Registration fees, GST (for under-construction properties), club membership, parking, interior work — these can add 8–12% extra cost over the basic price.
5. Choosing the Wrong Loan Type for Your Income Pattern Self-employed buyers often pick floating-rate loans assuming income will grow steadily, but seasonal fluctuations can make EMIs stressful.