By Soniya Gaonkar on Oct 27, 2018 2:31:00 PM
Are you buying a plot of land? If you intend to buy it for residential purpose or intend to build something upon it, make sure it’s non-agricultural (NA) land. If you are sure it is, well, there’s a lot more to check. Here are a few more things you must check before making the final decision -
1) Research the Location:
If you wish to get the highest returns on your investment, you must make sure that you choose the perfect location. Here are a few things that define a perfect location –
- Robust social & civil infrastructure
- Steady growth history and the potential for fast appreciation
- Proximity to commercial and IT hubs
- Excellent connectivity
2) Title Deed:
Is the seller authorised to sell that piece of land to you? Is he/ she the real owner of the land? To know this, you will need the title deed. A title deed is a document that proves a person’s right over the property. Hire a lawyer to scrutinise the title deed and verify that everything is in order. Make sure that you always ask for the original copy of the title deed.
3) Encumbrance Certificate:
Make a visit to the sub-registrar’s office, where the deed was registered, and demand an encumbrance certificate. This certificate endorses the fact that the land is not under any legal dispute. Get the encumbrance certificate for the past 13 years and verify it.
4) Pledged Land:
What if the seller has pledged the land for a loan? To erase this possibility, ask the seller to produce the release certificate from the bank.
5) Visit the Site:
It’s always recommended to visit the site. Crosscheck the facts mentioned by the developer/seller and make sure that you are getting the amenities promised in the marketing collaterals.
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6) The Measurements:
Get the land measured by a recognised surveyor. Make sure that the area, dimensions, etc. are accurately stated by the seller.
7) Reputation of the Seller:
The above 6 points are slightly complicated, but if the plot is being sold by a reputed developer, you might not have to worry about anything. Investing in a plot by a reputed developer will ensure that your plot of land has a clear title and is free from any legal hassle.
One such developer is Kohinoor Group - one of the most trusted real estate developers in Pune. If you wish to buy a piece of land that will earn you the highest returns, take a look at Kohinoor Shubhyog.
This project of well-developed NA plots is located in Shirwal, a scenic and fast-growing location around 68 Km from Pune. The location is in proximity to the Shirwal MIDC, enjoys excellent connectivity through NH-4 and promises fast appreciation in the near future.