Trinity Infratech Sector 88B is one of the best real estate properties in Gurgaon and the reason is the inclusion of state-of-the-art amenities and facilities they are offering to homebuyers. However, to avail of all their luxurious services and take benefit of the included amenities, you need to pay a high amount as well. Since nothing in this world comes for free, therefore you need to be strategically ready in terms of finances so that you do not miss out on the opportunity to book yourself an apartment in this property. So, in the following section of the read, we will try to take a look at the budgeting strategies so that you do not have too much load on your shoulders when buying a property.

This guide will cover all the necessary expenses that you will incur and hence plan your budget accordingly.

Determine your budget and do a market analysis 

The first thing that you need to do is determine how much money will you be able to spend on a house or an apartment. Considering the price of Trinity Infratech Sector 88B, it will cost you around 3.65 CR- 4.86 CR based on the unit type you have chosen. So, in that regard, you need to plan your finances accordingly and you need to check your loan eligibility for the same.

In addition to that, we also recommend you check out the current market price per square foot in the same sector. You can compare prices with similar properties to ensure that you are not being looted.

Estimate the total price and look for home loan options 

Apart from paying the amount of the property, you also need to pay some miscellaneous charges. This includes registration & stamp duty fees, applicable GST, maintenance charges, parking fees, and club membership as well. After creating an estimate of how much you need to pay, you also need to take into consideration the home loan options. Determine how much is the down payment or the booking amount. You also need to calculate the EMI of your loan as well and see for yourself whether or not you'll be able to pay that much EMI or not. Do not forget to calculate the interest rate, loan processing fee, and tenure of the amount.

Calculate some additional fees as well which include the Legal fee which you will incur to verify property documents and real estate agent broker commission.

Start preparing the budget plan 

If you think you will be able to pay for all these expenses for buying an apartment at Trinity Infratech Sector 88B, you need to prepare a budget plan well in advance. In budget planning, the first thing that you need to take into consideration is the down payment on the property, the registration fee, stamp duty and legal fees, parking and club membership fees, etc. Moreover, if you are taking any loans to pay for the purchase, calculate the EMI payment cost, monthly maintenance charges, taxes on property, home insurance expenses, etc.

For financial planning, we suggest you include your savings and investments. This is the right time and right thing to use your savings. So, by keeping all these things in mind, prepare a monthly budget and stick to it. Do not forget to include miscellaneous or buffer charges as well.

Conclusion: 

By considering these tips, you can easily manage your finances and plan your budget accordingly. One more thing that I would like you to keep in mind is the credit score. Just make sure that you maintain a good credit score and consider going for home loan insurance for purchasing an apartment at Trinity Infratech Sector 88B.