How much cash do I actually need to buy a flat?

Far more than the down payment. On a Rs 1.5 crore flat in Navi Mumbai you need roughly Rs 55.8 lakh in cash - a 25% down payment plus 7% stamp duty, 1% registration capped at Rs 30,000, and 5% GST if the property is under construction. Most buyers budget only the down payment and are short by about 49%.

Is there GST on a ready-to-move flat?

No. GST applies only to under-construction property, at 5% without input tax credit for non-affordable housing. A completed property with an occupancy certificate attracts no GST at all. On a Rs 1.5 crore home that is a Rs 7.5 lakh difference.

How much home loan can I get?

Two limits apply and the lower one binds. RBI caps loan-to-value at 90% up to Rs 30 lakh, 80% from Rs 30 to 75 lakh and 75% above Rs 75 lakh. Separately, lenders cap total EMIs at roughly 50% of net monthly income for salaried applicants and 45% for self-employed.

Do women pay less stamp duty in Maharashtra?

Yes, a 1% concession applies - but only on sole female ownership of residential property. Adding a male co-owner attracts the standard rate. The concession applies to base stamp duty only; metro cess and registration are unchanged.

Free tool · no sign-up

The cash you actually need is not the down payment.

Almost every buyer budgets the down payment and forgets stamp duty, registration and GST. On a ₹1.5 crore home that shortfall is around ₹18 lakh — and it surfaces at agreement stage, when it is too late. Put your numbers in and see the real figure.

Your numbers

Property price

₹

₹1.50 crore

Where

Property status

Sole female owner 1% stamp duty concession. Adding a male co-owner removes it.

Net monthly income

Existing EMIs

Income type

Interest rate (%)

Tenure (years)

Cash required

₹55.80 L

Down payment

Stamp duty

Registration

GST

Total cash

Loan sanctioned

Monthly EMI

Indicative. Stamp duty shown includes metro cess where it applies. Excludes brokerage, interiors, society formation, parking and maintenance corpus, which vary by project. Verify with your lender and the sub-registrar before you transact.

Where the numbers come from

Two limits decide your loan. The lower one wins.

Limit one — the property

RBI caps how much of the value can be lent, and the cap tightens as the ticket rises. The step at ₹75 lakh is the one that catches people out.

Up to ₹30 lakh	90%
₹30–75 lakh	80%
Above ₹75 lakh	75%

Limit two — your income

Lenders cap every EMI you carry, combined, against net monthly income. Self-employed applicants are assessed on ITR, not turnover — which is where business owners routinely over-estimate what they will be sanctioned.

Salaried	~50% of income
Self-employed	~45% of income
Tenure	capped by age

The part nobody quotes

The headline price is about 88% of the cheque

Stamp duty is 6% in Mumbai and 7% in Thane, Navi Mumbai and Pune, both including metro cess. Registration is 1%, capped at ₹30,000. GST adds 5% on anything still under construction, with no input tax credit — and nothing at all once an occupancy certificate exists. None of it is financed by your home loan. All of it is cash, on top of the deposit.

Now you know the number. We will find what fits it.

A free 45-minute consultation to pin down budget, locality and the things you will not compromise on. You keep the written brief either way.

Book a free consultation