Checklist Before Paying the Booking Amount

There are some major factors that you should check before paying the booking amount. It is an important step when buying a property. It shows you're serious about getting the place and locks it in for you. Even though RERA rules will offer buyers more protection in 2026, it's smart to double-check a few key things before you hand over any cash.

1. Check the RERA Details

Verify the RERA number - Verify it on the official Karnataka RERA site for the scoop on important info. Don’t just depend on the brochures for everything.

Confirm the completion date - The date you see on the RERA portal is the official deadline.

Check project updates - Builders need to send in progress updates every three months. It's important to keep an eye on whether the construction is on track as expected.

2. Verify Important Legal Documents

Allotment letter - Once you pay the booking amount, you should get an allotment letter. It should include details like the unit number, floor, carpet area, and parking spot.

Title deed - Make sure the builder actually owns the land or has a legit agreement with the landowner to work together.

Encumbrance certificate - Request an EC for the last 15–30 years to confirm there are no loans or legal disputes on the land.

Commencement certificate - This document proves that the builder has approval to start construction.

3. Understand the Full Cost

10% rule - Under RERA, the builder cannot collect more than 10% of the property cost before signing the Agreement for Sale.

Check the cost sheet - Ask for a detailed breakdown of additional charges, such as -

• Floor rise charges
• Preferential location charges (PLC)
• GST, stamp duty, and registration fees
• Corpus fund and maintenance deposit

These costs can increase the total price by 15–20% above the base price.

Home loan approval - If you plan to take a home loan, try to get pre-approval from the bank before paying the booking amount.

4. Check Construction Quality and Utilities

Carpet area - Under RERA, pricing should be based on carpet area, which is the usable space inside the apartment.

Construction method - Ask about the construction technology used, such as Mivan formwork or traditional brickwork.

Water supply - Find out if the project has a Kaveri water connection or if it's getting water delivered by tankers.

Power backup - Check what appliances are covered by the backup, like elevators, lights, fans, or if it’s good for the whole apartment.

5. Review Refund and Cancellation Rules

Cancellation window - There are many projects which let you to cancel within around 45 days of getting the allotment letter, and you have to pay a small penalty.

Full refund rights - If the builder misses the RERA deadline or tweaks the approved plan without checking with you, you might get a full refund along with some interest.