Buying Guide

Buying a home is one of the biggest decisions you will ever make. For a luxury property like The Cascades Neopolis, it is important to understand the process clearly. This guide walks you through every step, from shortlisting to possession, so you can buy with confidence.

The Buying Process at a Glance

Here is a step-by-step overview of the home buying process at The Cascades Neopolis.

Step	Action	Timeline
1	Shortlist your unit and configuration	1 to 2 weeks
2	Pay the booking amount	Same day
3	Sign the agreement of sale	2 to 4 weeks
4	Apply for a home loan	4 to 6 weeks
5	Make payments as per schedule	Construction-linked
6	Possession and registration	After completion

Step 1: Shortlist Your Unit

The first step is to visit the sales lounge and understand the available options. The Cascades Neopolis offers 3 BHK and 4 BHK apartments, plus 10 triplex penthouses. Here is a quick look at the configurations.

Unit Type	Size Range	Starting Price
3 BHK	2,560 to 3,390 sq ft	₹3 Crores*
4 BHK	3,895 to 4,825 sq ft	₹5 Crores*
Triplex Penthouses	Exclusive units with private pools	On request

Consider your family size, lifestyle needs, and budget when choosing a unit. Visit the site to understand the views and floor levels.

Step 2: Pay the Booking Amount

Once you finalize your unit, you pay a booking amount to confirm your interest. The booking amount for The Cascades Neopolis was Rs 10,00,000 plus GST at the time of launch. This amount is adjusted against the total cost of your apartment.

After paying the booking amount, you will receive a receipt and an allotment letter confirming your unit.

Step 3: Sign the Agreement of Sale

The agreement of sale is a legal document that outlines the terms and conditions of your purchase. It includes the unit details, price, payment schedule, possession date, and other important clauses.

Before signing, review the agreement carefully. Ensure that the specifications, amenities, and timelines match what was promised. You can also have a lawyer review it if needed.

Step 4: Apply for a Home Loan

If you are not paying the full amount upfront, you will need a home loan. Here are some tips for a smooth loan process.

• Check Your Credit Score: A good credit score (750 or above) helps you get better interest rates.
• Compare Loan Offers: Check interest rates, processing fees, and repayment terms from different banks.
• Prepare Documents: You will need identity proof, address proof, income proof, and the property documents.
• Get Pre-Approval: A pre-approved loan gives you an idea of your budget and speeds up the process.

Major banks offer home loans for RERA-registered projects like The Cascades Neopolis. The project's RERA number is P02400009538.

Step 5: Understand the Payment Schedule

The payment schedule at The Cascades Neopolis is linked to construction milestones. Here is a typical structure.

Milestone	Payment Percentage
Booking	10%
Agreement	20%
On Completion of Foundation	15%
On Completion of Superstructure	30%
On Completion of Finishing	20%
On Possession	5%

The exact payment plan may vary. Always refer to your agreement for the specific schedule.

Additional Costs to Budget For

Apart from the base price, there are several other costs you should factor in.

• Stamp Duty and Registration: In Telangana, stamp duty is 6% and registration is 0.5% of the property value.
• GST: 5% GST applies to under-construction properties.
• Maintenance Deposit: An advance maintenance deposit is collected at possession.
• Corpus Fund: A one-time contribution for major future repairs.
• Other Charges: Parking charges, club membership, and utility deposits may apply.

Legal Checks Before Buying

Before making any payment, verify these documents.

• RERA Registration: Verify the project on the Telangana RERA portal using the number P02400009538.
• Approved Plans: Check the sanctioned building plans and layout.
• Land Title: Ensure the developer has clear ownership of the land.
• Encumbrance Certificate: Confirm the land is free from legal disputes.
• Draft Agreement: Review the agreement format uploaded on the RERA portal.

Step 6: Possession and Registration

Once the project is complete and you have cleared all payments, you will receive possession of your apartment. At this stage, you will complete the registration process and receive the sale deed in your name. The possession process includes an inspection, snag list, and final handover.

Key Takeaways

• The buying process involves booking, agreement, loan, payments, and possession.
• The booking amount was Rs 10,00,000 plus GST at launch.
• Budget for stamp duty (6%), registration (0.5%), and GST (5%).
• Verify the RERA registration and other legal documents before paying.
• Home loans are available for the RERA-registered project.
• Plan your finances for additional costs like maintenance and corpus fund.
• Possession is targeted for March 2030.