Step-by-step: from corridor pick to registration to first EMI.
Quick answer
Buying a home in Pune is a 12–16 week journey if you start cold. Cut it to 6–8 weeks by deciding your corridor, locking your budget, verifying MahaRERA, and using a fee-clear local broker who specialises in that corridor.
Step 1 — Lock the corridor
Pune is a corridor-first market. Hinjewadi suits IT families who commute west; Kharadi suits east-side professionals; Kothrud and Erandwane suit established Marathi families; Koregaon Park and Boat Club Road suit ultra-premium and NRI buyers. Picking the corridor first narrows your shortlist by 80%.
See live rate bands at our corridor index.
Step 2 — Stress-test the budget
Banks lend 60–80% of agreement value, EMI capped at ~50% of monthly take-home, tenure up to 30 years. Stress-test for a 200bps rate rise and a 6-month income gap. Run the EMI calculator first.
Step 3 — MahaRERA verification
Every project >500 sq.m or 8 units must register. Check at maharerait.maharashtra.gov.in: builder + project match, current possession date, quarterly progress reports, escrow account. Skip lapsed registrations.
Step 4 — Site visits (three times)
Morning rush, afternoon traffic, night security. Walk a 500m perimeter, talk to current residents, ride one bus or auto from the project.
Step 5 — Token, allotment, agreement
Token 1–2 lakh confirms intent. Allotment letter formalises the unit. The sale agreement is the binding contract — read every clause, especially possession, common areas, brokerage (clause 15A), and OC linkage.
Step 6 — Registration
Maharashtra stamp duty 5% (male) / 4% (female / joint), plus 1% Pune local-body surcharge, plus 1% registration (₹30k cap on sale). Total transaction cost: ~6–7% on top of agreement value.
Step 7 — Possession and OC
Never take final possession without the Occupancy Certificate. No OC = no clean title, no utility connections, no resale clarity, no society formation.