RealtyCompass is the largest real estate website offering listings of residential properties in Chennai, Hyderabad, Bangalore and Coimbatore, India. You get access to detailed property descriptions and information for free. You can call the builder directly from the portal. So, if you are looking to buy a property in Chennai, Bangalore, Hyderabad and Coimbatore, use our intelli-search to find your dream property and buy a property without any hassles. We also offer value added services like Home Loans, Interior Solutions, Legal Consulting, Home Automation, Packers and Movers, etc to help you get a one stop home buying experience at http://www.realtycompass.com. You can get exclusive discounts and deals on few selected properties as well on a regular basis, thus giving you the cheapest option for buying your dream property at the desired location and budget.

1. Nimesh Bhandari, Chief Marketing Officer

2. Home Buying – A Lifetime Decision!
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Home Buying is one of the most complex
buying you will undergo in your life
Typical Home Buying cycle may span from 1
year to 6 months
Home Buying will have both short-term and
long-term implications – so proper planning &
guidance is must
Keep a buffer for unknowns before making a
final decision – school change, job change, location change

3. Define your Requirement
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Before you start your house hunt – define your
requirement very clearly
 Investment
or Stay
 Ready-to-move-in or Under Construction
 Required Configuration (2bhk/3 bhk)
 Budget – Upper cap & Lower Cap
 Your taste – Amenities, floor plan, fixtures
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Use your best case judgment in case the longterm situation is not clear
Investment or Stay – Consideration of
appreciation of property/area paramount
Pre-Approve your loan. SBI Always the best

4. Identify your preferred location
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Identify the boundary of preference
 Area
close/equidistant from office and school
 Self sufficient area
 Proximity to Railways, Airport
 High growth area – potential of large office
spaces
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Identify 2-3 Alternative areas
 Future
benefit of stay
 Upcoming school / office spaces

5. Ready to move-in vs. Under Construction!
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Buying from Builder vs. person
 Buying
from builder less hassle free (legally)
 Factor in delay in possession from builder
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Current Free Cash Flow vs. Future Cash
Flows
 Higher
initial amount (on top of loan)
 Additional immediate expenses – registry,
furnishing
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Do the Math
 Rent
paid vs. Interest differential as loan
disbursement immediate in ready-to-move-in
 Factor in delay in possession

6. Create Exhaustive Pipeline
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Do extensive Online Research
 Typical
property prices in locality
 New launches in locality
 Compare properties online
 Select properties which matches your criteria
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Project / Builder Check
 Call
Builder - Get more information about price,
additional charges, loanability
 Look for builder reviews / past project deliveries
online
 Eliminate properties which do not meet your
criteria

7. Be Ready for Site Visit
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Fix an appointment
 Call
builders and fix an appointment for site visit
 Have all decision makers ( wife etc.) be part of
site visit
 At the site- Check for construction quality, pace
of work
 Sample flat – Be wary of interiors. Double check
what all you would get as part of completed flat
 Check for Open spaces, green area, efficiency of
flat
 Check for all additional charges. Negotiate on
rate
 Survey the surrounding area – nearby schools,

8. Create your Kiss list
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Have a list of 4-5 can-buy projects
 Visit
past projects from these builders to check
construction quality
 Estimate growth/investment potential of all
projects
 Compromise vs Comfort: Think about the longterm impacts of compromising?
 Price vs Appreciation. Think Long-term
 Do a hygiene check of preferred properties
 Sanctioned
/ Bank Approval
 Should not be near railway line, sewage etc.
 Approach road – if not good, plan in place

9. Bank Loan – Delve into details!
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Bank Loan
– Low Interest vs. speed.
 Preferably go with banks who have approved
property
 Branch of loan issuance – some states have
additional stamp duty ( Noida vs. Delhi)
 Loan always floating (x + PLR)
 Negotiate on rates (x). Talk to branch manager
 Go for EMI with principal deduction (even at part
disbursement)
 Opt for loan insurance
 No penalty on early repayment
 SBI

10. Zero in your Dream House!
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Look at the payment schedule
 Construction
linked preferable
 Subvention scheme - If you think builder can
deliver on time. Do the math!
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Zero in your dream house
 Analyze
and summarize
 Compare on Comfort, Appreciation Potential,
Construction quality, Location
 Weigh and Give marks
 Believe in your Gut!
 If ready-to-move-in, hire a lawyer and get
documents checked

11. Final Deal!
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Final negotiation
 Car
parking -Take additional. Price negotiation
 Lumpsum discount on booking. PLC Waiver
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Legal Check
 Read
the Builder buyer agreement carefully
 Read Bank loan agreement clearly
 Hire a lawyer – must for secondary purchase
 Go through terms related to Club charges,
maintenance charges, generator charges, car
parking
 Read through flat specifications and dimensions
 Penalty clause of builder on delayed delivery

12. Document Check – Secondary Purchase!
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NOCs
 NOC
by bank if current owner has taken a loan
 Loan closure certificate from another bank if loan
was transferred
 NOC and no-dues from the RWA
 NOC from Builder of no-dues
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All previous receipts paid to Builder
Property Registration document/ Deed
Letter of Allotment by Builder to seller
Id proof of seller, PAN Card of Seller

13. Negotiating a Secondary Purchase
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Know the current rate in the area
Understand the reason of selling of seller
Clarify all additional expenses apart from
house price – legal, registry, NOC etc.
Have clear understanding on what you will
bear and what the seller will bear
Inspect the flat and evaluate the cost of
fixtures, cost of refurbishing the house
Have everything documented. Have a witness
before you give initial cheque.
Get your buyer-seller agreement vetted by

14. Dos and Don’t - Interiors!
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Do the furnishing, electrical, plumbing first and then go
for paint
Furnishing – Don’t use inferior plywood in order to save
cost
Contracting better if you have no prior experience – Give
contract to plywood supplier
Split AC Arrangement – Call for an expert
Inspect and make all necessary arrangements for
appliances in next 1 year
If termite treatment to be done – do before paintwork
Paint – Get putty done for long last if walls are not
smooth
Tile work – Not every expensive and gives additional
beaty to your house

15. About RealtyCompass
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Realtycompass.com is the India's first ever property search engine
facilitating consumers to search each and every project in their city.
It is present across 5 cities in India, and expects to launch in 10
cities in next 6 months.
RealtyCompass is a team of 25 bright people comprising of people
from premier institutes (IIT, IIM, CA). We are rapidly expanding and
looking for young talent.
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Built on a simple idea of providing consumers with accurate and
exhaustive project listings in the city, RealtyCompass is a unique
offering for both consumers and builders.

16. The Proposition
Consumer
s
A Comprehensive Platform for consumer to search every
project in his city and buy a right home @ right price by
reaching out to builders
Builders
A pay-per performance platform for every builder to reach
out to his target audience with very high conversion ratios
India’s first ever Property Search Engine

17. The Current Market Gap
Problems faced by home buyer
 Unavailability of single platform with exhaustive list of every new
project
 Outdated information leading to high search cost for consumers
 Elimination of projects based on information available online
Problems faced by builder
 High cost of acquisition of leads
 Absence of pay-per-performance marketing medium
No efficient marketplace to address the needs
of consumers and builders

18. The Solution
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Create a Market-place where the information is accurate and
current
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Dis-intermediate brokers, by creating a connect between builders
and brokers
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Simplify Online House Search by capturing value-added data of
projects/builders – past projects, %common area, construction
quality
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Help Builders reach to right audience by creating a transparent
marketplace

19. Our Philosophy
Provide Consumers with exhaustive and accurate
information to help them make informed decision
Our Philosophy is echoed by….
Provide Consumers with exhaustive and accurate listing of
restaurants
Provide Consumers with exhaustive list of hotels along
with consumer ratings
Provides Consumers with exhaustive list of service
providers with consumer ratings