Important factors to keep in mind before buying an open plot
Land is the most
preferred form of property when it comes to real estate investment. However,
certain vital factors affect the way it turns out profitable. Cross the below
checklist, to make your investment a lucrative one.
1. Location: The first
thing that is to be on point is the location of the site. It is all the more
beneficial if the plot is in closer proximity to a renowned city. Do not fall
for extremely inexpensive deals which are in remote areas and the ones that
lack connectivity to major areas.
2. Credibility of the
plot: Many of the plots are often caught up in legal issues and are not
sanctioned by the city development authorities. Check if the open plots are
approved by the local body before investing in it. The essential documents and paperwork
verification is a must. If you have plans of building a house, ensure a
building approval from the local authorities.
3. Title Deed
Verification: Another check point is to verify if that the builder has the full
rights to sell that property. Verify the title deed of the land and whether the
land is in the name of the seller. Get the original deed examined by a lawyer.
4. Area of the plot:
Be certain about the area of the plot as it is going to be a long term
investment. It would come handy even if you decide to build your own house in
the plot.
5. Potential of the
plot: In addition to location, the growth aspects surrounding the plot is of a
lot of significance. Check for basic amenities such as water supply and
electricity in case you need a construction in the plot.
Our project at Visishta Infra Developers
is the best venture to invest in, as we have trusted certification of all the
above aspects. Reach out to us to obtain secured plots at affordable prices in Bibinagar/Yadadri areas.
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