The Excitement Gets Real
By this point, Ankit had already shortlisted three promising options for a 2 BHK apartment in Noida. While the excitement of possibly owning his first home was high, so was the pressure to make the right financial decision.
This blog dives deep into how Ankit analyzed home loan options, reviewed builder credibility, and eventually made the call to book his dream apartment.
1. Getting Real with Budgeting
Ankit’s budget was initially around ₹65 lakhs. But the more he explored, the more he realized that quality 2 BHK apartments in Noida came at a premium, especially in sectors like 137 and 150.
He created a cost breakdown:
Property Price: ₹70–80 lakhs
Stamp Duty & Registration: ~7% of property cost
Brokerage/Consultant Fees: if applicable
Furnishing & Interiors: ₹4–5 lakhs
Miscellaneous: Maintenance deposit, club membership, etc.
“I need to keep it real. I can’t go broke just to say I own a fancy flat,” he said. So, he capped his total spend at ₹78 lakhs, including interiors.
2. Exploring Home Loan Options
Next step: Loans. We visited a few banks and NBFCs to understand their home loan offerings.
Here’s what Ankit compared:
Interest Rates: Ranged from 8.5% to 9.2% (floating)
Loan Tenure: 20 years, with EMI ranging from ₹55,000–₹60,000/month
Processing Fees: 0.25% to 1% of loan amount
Prepayment Penalty: Most didn’t charge for floating-rate loans
He pre-approved a loan from HDFC, which helped during negotiations with the builder. Pre-approval made him appear more serious and financially ready.
3. Verifying Legal Documents
Before signing anything, Ankit went into due diligence mode:
Checked the RERA registration number
Asked for Occupancy Certificate (OC) and Completion Certificate (CC)
Verified title deed to ensure the land wasn’t under litigation
Confirmed that the builder had a No Dues Certificate from the local authority
“I don’t want to fight court cases. I want to live peacefully in my new 2 BHK apartment in Noida,” he said with a smile.
4. Builder Reputation Matters
Out of the three options shortlisted, Exotica Fresco, Ace Parkway, and Skytech Matrott, Ankit focused heavily on builder reviews.
Online forums showed Exotica residents were happy with construction quality and timely possession.
Ace Group was known for its premium builds and high-end finishes.
Skytech had mixed reviews regarding delayed maintenance and builder support.
Eventually, he removed Skytech Matrott from the list.
5. The Final Call – Sector 137 Wins!
After weeks of visits, calculations, and discussions, Ankit finally chose Exotica Fresco in Sector 137.
Why?
Located near his office
Functional and spacious 2 BHK apartment design
Metro station just 800 meters away
Great community and amenities
Within budget (₹72 lakhs all-inclusive)
He said, “This feels right. I can imagine living here—not just surviving.”
The builder offered a minor discount since he had pre-approval from HDFC and was ready to book immediately.
Main Discussion Points
How to budget realistically when looking for a 2 BHK apartment in Noida
Key financial considerations: EMI, loan processing, stamp duty
Importance of builder reputation and document verification
Tools like pre-approved loans for better negotiation
Factors that finally convinced Ankit to choose Sector 137
FAQs: Financial Planning Before Buying a 2 BHK Apartment in Noida
Q1. How much down payment is required to buy a 2 BHK apartment in Noida?
Generally, banks finance up to 80% of the cost. You need to manage 20% as down payment, plus registration and furnishing costs.
Q2. What documents should I check before booking a flat?
RERA registration, occupancy certificate, title deed, and encumbrance certificate are essential.
Q3. Are pre-approved loans helpful?
Yes, they give clarity on budget and make you appear serious to builders.
Q4. Can I negotiate with the builder after pre-approval?
Absolutely. Pre-approval often gives you room to ask for discounts or better terms.
Q5. Should I go for the cheapest or most luxurious 2 BHK apartment?
Neither. Balance your financial ability with lifestyle needs and long-term growth.
Conclusion: Decision with Confidence
After weeks of research, visiting projects, and talking to advisors, Ankit booked his 2 BHK apartment in Noida with full confidence. It wasn’t just a flat; it was the beginning of his new life.
From dreaming on paper to signing the booking form, his journey was proof that with patience and planning, the right home is always within reach.
In the next blog, I’ll walk you through the registration and possession phase—what Ankit experienced and what future homebuyers should be ready for.
