Your Ultimate Guide to Buying Your First Dream Home

Buying your first home is an exciting milestone, but it can also feel overwhelming. From navigating the market to securing financing, there’s a lot to consider. Whether you’re looking for your dream home or just starting to explore your options, these will help you make informed decisions and ensure that your homebuying journey goes as smoothly as possible.

Are you planning to purchase your first home? Owning a home is a dream for many people, but to translate that into reality requires hard work, diligence and financial commitment. As a first time home buyer you need to be extra careful and have an in-depth understanding of the processes involved Step-by-Step to Your Dream Home.

Looking for a home requires your time, effort and commitment. You need to carefully weigh your options given your current life stage and budgets and decide what you can afford. Most people purchase a house only once in their life, so it is exceedingly important that you do it right your must haves. The house should be fairly future-proof in the sense that it should serve the needs of your family for years to come in terms of living space, location as well as value.

There are a number of factors /steps to buying a home that you should weigh when it comes to the size of the home. This would depend on your budget, the number of family members living in the house today and in the future, the possibility of having guests come over to stay, whether the house is solely for self-use or you are also buying it from an investment point of view, etc. Answering these questions would help you decide the ideal size of the dwelling.

1.1 Know What you Can Afford

Home buying process : one of the basic thing is home loan. The financial institute ,bank etc. provide home loan for RERA approval project only. Buyer should aware about home loan options, mortgage basics prior to buy budgeting a house. Aditi Construction’s project ‘Jupiter Enclave’ already HDFC bank and LICHF approve project finance ,so buyer can easily approach for loan if required. Before you start browsing listings, it’s crucial to know how much you can comfortably spend. A general rule of thumb is that your monthly mortgage payment should not exceed 30-40% of your gross monthly income. To get a clearer picture of your budget, consider the following:

• Down payment: This is usually about 20% of the home’s price in present scenario, though some programs offer lower rates for first-time buyers.

• Additional costs: Don’t forget property taxes, home insurance, and maintenance costs.

• Pre-approval: Getting pre-approved for a mortgage gives you a solid idea of what you can afford and shows sellers you’re a serious buyer.

1.2. Start with Your Must-Haves :

Buyer need to create a list of your “must-haves” and “nice-to-haves” can help narrow your focus when looking at homes. Think about:

• Location: Consider proximity to work, school, public transportation, and amenities like grocery stores and parks.

• Size: How many bedrooms and bathrooms do you need? Do you want a yard or space for future renovations?

• Style and features: Are you looking for a modern condo, a charming single-family home, or something else? Also, think about any must-have features like a large kitchen, an office space, or an energy-efficient home.

Having a clear idea of what you’re looking for will help you avoid wasting time on homes that don’t meet your criteria.

1.3. Buyer need to work with a RERA approve project

What you need to know before buying a home :

What is RERA? (https://rera.assam.gov.in )Real Estate Regulatory Authority an (Registration of real estate projects, Registration of real estate agents, rates of interest and disclosures on website) Rules, 2016 in the state of Assam through Real Estate Regulatory Authority has the mandate to:

• Have real estate projects and agents registered.

• Usher in transparency in the sale of flats, plots and buildings.

• Protect customers, allotters, real estate agents and promoters who are involved in real estate transactions.

• Facilitate dispute resolution through a dispute settlement method.

• Create an appellate tribunal which buyers can approach to resolve disputes.

• Provide recommendations to the appropriate government authorities in matters related to development and promotion of real estate.

In Assam, registration under RERA is compulsory for each and every residential and commercial project. Real estate builders are not permitted to advertise, book or sell any real estate without registration.

While you search for homes online, you can talk directly with builder or working with an experienced real estate agent can save your time, effort and stress. A good agent can:

• Help you find homes that match your criteria and budget.

• Negotiate on your behalf to get the best price.

• Guide you through the paperwork and legalities involved in the homebuying process.

• Provide insights on local neighbourhoods, schools, and market conditions.

Look for an agent who knows the area and has a strong track record with first-time buyers.

1.4. What is the stamp duty in Guwahati ?

Buyer should know few factors affecting stamp duty in Assam: (https://igr.assam.gov.in/portlets/property-registration) Just like many states in India, the Assam government property purchases by women homebuyers. So, if the property is registered in the name of a woman or jointly with a woman, stamp duty on registry is lower. While men in the state pay 6% stamp duty, women pay 1% lower rate at 5%(26 Jun 2024)

Goverment Of Assam E-Stamp Paper at Rs 100/piece | Bijni | ID: 25170983230.

Stamp duty is a legal tax payable in full and acts as an evidence for any sale or purchase of a property. The levy of stamp duty is a state subject and thus the rates of stamp duty vary from state to state. The Centre levies stamp duty on specified instruments and also fixes the rates for these instruments. As per Section 13 of the Indian Stamp Act, 1899, an individual executing a given instrument has to cancel the stamp (adhesive) by writing his initials or name across it.

1.5 Community :

It is also very important factor for the buyer to know that neighboring locality of Jupiter Enclave by religion majorities are Hindu. People are mostly cultured, where members feel supported, valued, and connected, and where there is a sense of shared responsibility for the well-being of all its members. It is a place that promotes positive relationships, collaboration, and respect, where people come together to meet common needs, foster a sense of belonging, and work toward mutual goals.

The presence of temples and Namghars hold significant importance in many localities and communities, especially in cultures where religion, spirituality, and cultural traditions are deeply interwoven. Likewise the availability of the Bhagaduttapur Rajahuwa Namghar near Jupiter Enclave has been fostering spiritual gatherings, providing a space for various community events. It often hosts meetings, lectures, and discussions that address social or religious topics, helping to keep the community informed and united.

2. The road network and infrastructure :

The area Bhagaduttapur, Kahilipara, Dakshingaon is a developing area and growing at a very fast pace. In view of growing future scope of deveolpment ,buyer should know the road network and infrastructure . The entire locality connects the Kahilipara main road, named as Pandit Din Dayal Road, from Lalganesh to Ganeshguri. Another most important road nearby Jupiter Project, parallel to Kahilipara main road from Sawkuchi (Paltanbazar-Lokhra road) to Dispur (near Rajdhani Masjid) via Dakshingaon–Bhagaduttapur-Janakpur-Hatigaon– a potential scope for better infrastructure near future . The Single Lane approach to the locality makes it more traffic congestion-prone, however, there are multiple exit points and some work on the road condition will make it all convenient and free it from traffic congestion. One of the prominent locality to live in peace with great accessibility to roads, shopping malls, hospitals. It is very well connected to all the important areas of the city, Ganeshguri, Bhangagarh and even Khanapara. Guwahati Medical College is also very close to the locality, all thanks to the new road through the hill which helps people reach Bhangagarh in a few minutes from the locality.

3. Name of renown Schools in this area and distance from Jupiter Enclave:

Besides the above factor ,Buyers definitely think about Schools, College , local market etc. for their family can see the following list of names for reference.

Schools name & Distance

• North East Public School (1.3 Km)

• Sai RNS Academy (2.1 Km)

• Jatiya Vidyalaya (1.2 km)

• Modern English School (2.7 Km)

• Shrimanta Shankar Academy (5.5 Km)

• Don Bosco school (2.6 km)

• Delhi Public School (10 km)

• Royal Global School and University (7.5 Km)

• South point School (4.5 Km)

• Gopal Boro high School (4.5 Km)

4. Name of renown College in this area and distance from Jupiter Enclave:

College name & Distance

• Dispur College (4.6 Km)

• NEF College (2.8 Km)

• Optimistic College (0.6 Km)

• City Public College (3.7 Km)

• Gauhati Medical College (4.3 Km)

• Srimanta Sankaradev University of Health Science Assam (4.3 Km)

• NEF Law College (6.3 Km)

• Dispur Law College (5.0 Km)

• Gauhati Commerce College (7.8 Km)

• Cotton University (11 Km)

5.Important places in surrounding near by Jupiter Enclave:

Distance from Important Places

• Bhagaduttapur outpost (0.2 Km)

• Hayat Hospital (3.2 Km)

• Guwahati Medical College Hospital (4.3 Km)

• Apollo Hospital (5.0 km)

• Sarusajai Stadium (4.9 Km)

• Dispur Capital (5.5 Km)

• ISBT (7.3 Km)

• City Centre mall (6.0 Km)

• Barshapara Cricket Stadium (4.9 Km)

• Lalganesh Market (3.5 Km)

6. Our view:

Jupiter Enclave offers an exceptional combination of all these elements, making it an ideal investment for first-time buyers, families, and those looking for a comfortable, modern lifestyle. Whether you’re looking for a forever home or a profitable rental property, this apartment offers tremendous long-term value. The area is experiencing growth and development, which will continue to drive property values up. By purchasing this apartment now, you’re positioning yourself to benefit from this future growth. Living here means being part of a vibrant, welcoming community. The apartment is located in a safe, well-established neighbourhood with a reputation for being family-friendly and secure. Whether you’re young professionals, retirees, or growing families, you’ll find a warm and supportive environment where you can truly feel at home. Apart from that, We care about the environment and your savings. The apartment features energy-efficient appliances, insulation, and windows, designed to lower utility costs and reduce your carbon footprint. It’s an eco-friendly living space that combines modern technology with sustainability, making it a great choice for those who want to live responsibly.

7. Conclusion :

Buying your first home is an exciting but complex process. By setting a budget, working with a knowledgeable agent, and being thorough in your research and inspections, you can make the experience much smoother and more rewarding. Remember that this is a big decision, so take your time and ask questions along the way.

If you’re ready to start your home search or need expert guidance, don’t hesitate to reach out to us. We’re here to help you navigate the market and find the perfect home.