Table of Contents
- Myth 1: New Projects Are Always Cheaper
- Myth 2: Lower Per-Square-Foot Price Means a Better Deal
- Myth 3: Home Loans Cover All Property Costs
- Myth 4: Top Floor Flats Are Always Cheaper
- Myth 5: Legal Checks Aren’t Necessary
- Myth 6: Paying the Booking Amount Locks in the Price
- Myth 7: Renting Is Always Cheaper
- FAQs
- Key Takeaways
Buying flats in Guwahati can be confusing. Many first-time buyers fall for myths about Guwahati real estate and end up paying more than necessary. In this post, we bust 7 common myths about buying flats in Guwahati, backed by data, statistics, and real-life examples, so you can make smarter decisions and avoid hidden costs.
1. Myth: New Projects Are Always Cheaper Than Resale Flats
Reality: Pre-launch flats sometimes come with discounts, but developers often charge extra for amenities, parking, or floor rise.
Statistic: According to MagicBricks 2025 report, 35% of new buyers in Guwahati reported paying extra charges not included in the advertised price.
Fun Fact: A 2BHK in Beltola with early-bird discounts cost ₹38 lakh, but after hidden charges, the total jumped to ₹42 lakh!
Tip: Always compare resale flats and new projects in the same locality. Hidden charges in new projects can sometimes make resale flats a better value.
2. Myth: Lower Per-Square-Foot Price Means a Better Deal
Reality: Don’t be fooled by the headline rate. Always check the all-inclusive price when buying flats in Guwahati.
Proof: A survey by 99acres found that 45% of buyers underestimated the total cost by ₹2–5 lakh when comparing per-square-foot rates alone.
Tip: Check if per-square-foot rates include parking, amenities, or clubhouses; otherwise, the lower rate can be misleading. Calculate: Total Price = (Per-Sq.Ft Rate × Area) + GST + Parking + Maintenance.
3. Myth: Home Loans Cover All Property Costs
Reality: Most banks fund only 80–85% of the property value. The rest must be paid upfront when buying flats in Guwahati.
Statistic: HDFC Bank reports that over 60% of first-time buyers fail to budget for stamp duty, registration fees, and interiors.
Tip: Keep a contingency fund of 10–15% of the total flat price. Also, factor in loan processing fees and prepayment penalties when calculating affordability.
4. Myth: Top Floor Flats Are Always Cheaper
Reality: Top floors may attract a premium due to better views and demand.
Data: Top-floor flats in Guwahati cost on average 7–10% more than middle-floor units.
Tip: Consider elevator access, maintenance costs, and water pressure; these often increase for top-floor units.
5. Myth: Legal Checks Aren’t Necessary with Reputed Builders
Reality: Even reputed builders may have pending RERA approvals or land disputes.
Proof: 12% of legal disputes in Assam real estate involved reputed builders, according to RERA Assam.
Tip: Even verified builders may face delays in obtaining occupancy certificates. Always verify RERA approval and legal documents before buying flats in Guwahati.
6. Myth: Paying the Booking Amount Locks in the Price
Reality: A token payment is not a guaranteed price lock — only the signed Builder-Buyer Agreement does that.
Tip: Always get the builder’s final written confirmation of price, timelines, and penalties before paying any token amount.
7. Myth: Renting Is Always Cheaper Than Buying
Reality: Renting may be cheaper short-term, but long-term ownership of flats in Guwahati builds wealth.
Tip: Owning a property gives potential rental income, tax benefits, and long-term appreciation. Use rent vs buy calculators to make informed decisions.
FAQs About Buying Flats in Guwahati
- Q: Can I get a home loan that covers all costs?
A: Most banks fund only 80–85%. Budget for stamp duty, registration, and interiors. - Q: Is the top floor always better?
A: Top floors offer views, but check water pressure and elevator access. - Q: Are reputed builders always safe?
A: Always verify RERA approval and legal documents before buying flats in Guwahati.
Key Takeaways
- Always verify total cost including hidden charges before booking.
- Top-floor units may look attractive but weigh maintenance and water pressure.
- Even reputed builders need legal due diligence.
- Long-term ownership usually outweighs short-term renting.
- Plan your budget considering loan coverage, stamp duty, and interiors.
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