Are bank legal checks enough for first-timers?
Budget finalised, loan pre-approved — now I'm completely stuck on the actual buying part. Everyone keeps saying 'get the best interest rate' from banks like HDFC or ICICI, but honestly, that feels secondary. I'm looking at a Salarpuria Sattva project in Kukatpally, and the documentation feels like a black hole. My parents keep saying just trust the builder's legal team, but that sounds risky. Is it just me, or do banks seriously downplay the need for independent legal verification? They approve the loan so fast for pre-approved projects, but what about title search, RERA compliance, or encumbrance certificates? I had no idea about half this stuff. I feel like first-time buyers are just expected to sign blindly. Change my mind, is it really okay to rely solely on the bank's basic checks?
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Budget finalised, loan pre-approved — now I'm completely stuck on the actual buying part. Everyone keeps saying 'get the best interest rate' from banks like HDFC or ICICI, but honestly, that feels secondary. I'm looking at a Salarpuria Sattva project in Kukatpally, and the documentation feels like a black hole. My parents keep saying just trust the builder's legal team, but that sounds risky. Is it just me, or do banks seriously downplay the need for independent legal verification? They approve the loan so fast for pre-approved projects, but what about title search, RERA