India, Nov. 15 -- Buying a house is perhaps the biggest financial decision most people make, but many don't realise that the property's cost isn't always what it appears at first glance. Taxes, hidden charges, and project delays can push the total far beyond the listed sale price. Delays increase builders' holding costs, which are often passed on to buyers through higher prices.

Buyers should therefore verify all additional charges over and above the base price such as approval fees, development charges, various levies, and fees for amenities like clubhouses and parking as these can add up to 8-10% of the final cost in some cities. They should also check with financial institutions to understand which of these expenses qualify for loan f...