Your search results

Important Things to Consider in Residential Plot Investment

Posted by Balaji on November 26, 2020
0

Residential Plot Investment

When it comes to investing in real estate, the land is the most preferred form of

property. However, when buying land/plot it is important to keep some important

factors in mind, without which your investment might not be that sound as you wanted

it to be. In addition, in the case of a residential plot, you have a lot of flexibility and

you can build a home suited to your preferences and requirements.

Here are important things to consider before Residential Plot Investment.

 

Location:

It is important that you determine the location of the plot by considering its distance to

the important areas within the city. In faraway areas with the least growth, do not get

tempted by less priced plots.

 

Size of the Plot/land:

If you are looking to buy a plot of land for living purposes at a later stage, it is

important to first understand your requirement. Make sure you verify how much land

you will need to create your dream home (built-up-area). Location and soil are the

other two vital factors to consider while buying the plot.

 

Check the real value of the plot:

It is best that you do your homework well and consult a real estate specialist to assess

the value of the plot/land rather than blindly rushing in to buy a plot that seems

cheaper to you. You must negotiate well with the seller on the piece of land after all

the initial checks.

 

The seller:

Do you buy from an individual seller or from a builder? Are you sure that the land is in

their name if you purchase it from a builder? The first thing you want to clarify is

whether there are legal rights for the seller or the builder to sell the property. This is

important as there are issues where sellers and small builders sold plots that they

don’t even legally own.

 

Approvals and licenses:

Ask the seller or builder to show important documents/approvals as proof that they

have the rights on the property. Look for a sell certificate, a previous title deed,

property tax receipts, a Khata certificate, and an encumbrance certificate.

 

Go with a reputed builder:

Ensure that you invest in a plot of land by a reputed real estate builder. This is the best

way to avoid property frauds and future construction roadblocks.

 

The size and shape of the plot:

These factors are important not only because they affect the price or resale value of

the property but also because they have a big impact on the quality of your day-to-day

life. The ideal plots are square or rectangular because they are auspicious. Aside from

shape and size, also consider the direction of the land. Try searching for properties

facing north, while plots facing east and west can also be considered.

Exclusive properties for sale in Bangalore

 

Leave a Reply

Your email address will not be published.

  • Experience World Class Service

  • Excellent
    Based on 172 reviews
    Suresh K Krishna
    Suresh K Krishna
    3. July, 2023.
    I was very happy with the service provided. Gangadhar was very prompt and responsive at all the time till the completion of transaction.
    Umesh Shanbhogue
    Umesh Shanbhogue
    21. June, 2023.
    It has been an incredible and wonderful experience having Mr. Gangadhar Gowda's support and advice during the purchase of our flat. He is a good advisor and counselor! We are grateful to him for making the process much easier than it could be.
    Pushparani Bn
    Pushparani Bn
    17. June, 2023.
    Coldwell Banker Team helped me to get a BDA plot in E auction. Thank you each and all for the team......
    Krishna Prasad (Krishna)
    Krishna Prasad (Krishna)
    16. June, 2023.
    This is an amazing team, who guided me at every step of my purchase. Sathish, Gangadhar are professionals and they know how to help their customers get to their dreams. Thanks a lot.
    Raju P
    Raju P
    3. June, 2023.
    Balaji sir was nice working with you Thank you...
    Venkat Eswaran
    Venkat Eswaran
    25. May, 2023.
    We bought an apartment in Bangalore recently and Gangadhar made the entire process easy and seamless. Our experience with Gangadhar was outstanding and he took care of all the requirements for the property transfer end to end in a compressed timeframe. Gangadhar was patient, provided good advice and listened to all our requirements. He went above and beyond to help with a variety of other matters as well. I would highly recommend Gangadhar and his team.
    Ashwini Balakrishnan
    Ashwini Balakrishnan
    18. April, 2023.
    Mr. Balaji is our family acquaintance and is known to us for several years, he is also involved in philanthropic work, It is our good fortune that we entrusted the sale of our ancestral property to Mr. Balaji and his company. Mr. Balaji and his team of trusted lieutenants ensured the process right from selecting the buyer till completion of sale was completed without any hiccups and took care of all the paper work. Balaji and his team were willing to go the extra mile to ensure the sale was complete as per agreement. We would like to commend Balaji and team and hope we will have the opportunity to engage him again in the future. Wishing Balaji and team all success personally and professionally.
    Shubha Raghu
    Shubha Raghu
    18. April, 2023.
    We were introduced to Mr. Balaji by our sister sometime back for helping us sell our property. More than a broker he has been a good friend and guided us well through out the entire process. He has always been more than ready to help us. Our heartfelt thanks to him for a smooth journey in selling our property. I will definitely and strongly recommend his name to all my relatives and friends. Wishing him and his company success in all his future endeavours.
    • Bangalore BDA Property Tax Construction industry Drones Home Loans Home Safety Tips Invest in Real Estate Metro in Bangalore New projects Online Rental agreement Own House Property Property Valuation Real Estate Registration Charge Rental agreement Rent House Residential Solar Panels Stamp Duty upcoming

    • Our Latest Listings

    Compare Listings

    Thank you for contacting us!

    Enter Your Information

    Verified by MonsterInsights