Owning a home of their own is often the top priority for most Indians. Apart from the financial security, the emotional satisfaction of being a homeowner is unparalleled. The current Indian real estate market is also booming and offers several benefits to homebuyers. Increased competition in the space has driven property prices down. In addition, the government has introduced measures like the PMAY scheme to make home ownership more affordable for a first time home buyer. In an interview with Economic Times, Anuj Puri, Chairman of ANAROCK Property Consultants said, “Many fence-sitters have realised that it makes sense to buy a home at this point in time, when prices have not risen too much”. If you are new to the process, here’s what to know when buying a house for the first time.