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Down payment - Banks and lending institutions usually give you about 80-90% of the loan amount to buy 2 BHK flats in Airoli. So you are expected to have the remaining 10-20% that needs to be paid initially
Airoli is a great place to live. It has everything you need- good weather, excellent connectivity, amazing
comfort, and well-planned living spaces. No wonder, the demand for properties in Airoli is rising at a
phenomenal pace and people are making it their first choice. You may either buy a house for your own
stay or rent it out to generate a handsome rental income from it. No matter why you choose to buy a
house in Airoli, you need to plan well to ensure that no cost takes you by surprise. Here’s a quick
lowdown on the many costs involved while buying a flat in Airoli.
Down payment - Banks and lending institutions usually give you about 80-90% of the loan amount to
buy 2 BHK flats in Airoli. So you are expected to have the remaining 10-20% that needs to be paid
initially. The bank gives the remaining amount only after you have paid this amount. This means you
don't just need to have this additional money but you hardly get any time to arrange for it. If you have
this amount, only then you can proceed to buy 2 BHK apartments in Airoli.
Stamp Duty, Registration charges and taxes - These are other costs that need to be remembered while
buying 2 BHK flats in Airoli Navi Mumbai. While the registration charges and stamp duty differ in
different states, there are taxes such as VAT and service tax too that are added to the property cost.
Brokerage – Unless you have searched for the best 2 BHK flats in Airoli on your own, be prepared to
shell out a hefty amount as brokerage fees to be given to the broker. This fee could be 1 or 2% of the
property cost or even more depending on your broker.
Maintenance charges - Builders now charge a hefty fee as maintenance charges for a certain period. This
period too varies depending on your builder.
Interiors - This is one cost that is often overlooked but can cost a huge amount of money. Once the 2
BHK apartments in Airoli are complete and you get possession of the flat, you will have to do some basic
interiors at least to make the house ready to move in. Even those who plan to give away their 2 BHK
flats in Airoli Navi Mumbai on rent need to have some basic things in place in order to get good rent.
Other expenses - There would be additional costs too that include property tax and insurance. These are
important expenses that cannot be avoided. Even once you move into your house, there will be annual
repair costs that need to be taken care of.
All in all, home buying involves several additional costs that your builder may not warn you about. It is
up to you to take all these costs into consideration so that you are financially well prepared to take care