Important Things You Must Check Before Buying Plots in Indiaby Shivam Verma Hello World
Are you looking to buy a plot or a piece of land? If yes, if you have dream of owning a plot or land in the future, then you have to be careful before buying a plot or land.
In recent years, investment in plots have increased in a way to become a premium thing in recent days’ especially in big cities and big towns because land is scarce commodity and the pride is associated with having your own plot where you can build the house as per your wish in future. There are many big names in the state capital of Uttar Pradesh. One of the biggest names in the property business is Dreamz Infra Ventures which is the most credible and reliable real estate company in Lucknow.
This article contains most important things that you should know and keep in mind before purchasing or buying any property in India.
1. Legal rights
First of all you should ask the sales person about the legal rights of the property that if the builder has legal rights to sell the land or not? Find out who is the current owner of the land that whether it is builder himself or not?
2. Loan from Bank on the plot or land
Builders or the owner of the land often take bank loan for the Plot schemes and even residential schemes. It’s not always the case the scheme has a bank loan, but still enquires about it. If the owner has taken bank loan, it’s a proof that the bank has done thorough verification from their side on the legalities, this means the documents are correct.
3. Sale Deed
You must check the sale deeds which mentions the terms and conditions of the deal, how much initial payments are you paying along with cheque number and also the future dates of the payment, by when you will clear the payments or the due remaining.
4. Is the plot on a flat land or on a slope?
Your plot is not always going to be a piece of flat land. If it’s a big project, it might have uneven or has slopes surface of the land. When it’s divided into several small plots, many plots might be on the slope or it might be uneven ground. You must check it before buying.
5. Arrangements for water and other basic amenities?
You should check that how they are going to provide water and other basic amenities to the purchased plot or land. Is it going to come from municipality or the gram panchayat or from any other place?
One should always check the above mentioned points before buying a land or plot.
Created on Aug 29th 2018 01:56. Viewed 135 times.
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