7 Factors to Consider before buying Residential and Commercial Plots in Hyderabad
Hyderabad is a vast place with so many low budget and high budget selling plots in both residential and commercial category. Owning a plot may be a dream for many of us, as you would experience the immense pride of investing your hard-earned money in the right way. Real estate is at the peak today and so many residential and commercial plots are selling super-fast at competitive prices. It is important to double check the reliability of the property before buying it, which covers the documents. Buyers must be very prudent in choosing lands in Hyderabad as they can f all prey for fake people and regret later. There are plenty of sellers available both online and offline to help you perceive your dream of owning a plot.
Here are the list of crucial factors to look upon before buying plots in Hyderabad. Residential and Commercial Plots 1. Documentation Documentation is the critical factor when it comes to buying a land be it commercial or residential. Make sure you seek help of a legal person and double verify the documents to confirm the buyer specified details are authentic without any foolproof info. This can give a secured feel for the investors and enhance the value of the plot for future selling. Most importantly, the property must have been registered under the sellers name and he must have sole rights to sell the asset without any complaints like pending loan or so.
2. Location The location of the plot is the key factor to decide your investment is worth it or not. It is because this defines the proximity to daily essential selling shops or the main roads to ease the accessibility for the family members if it is a residential plot. If it is a commercial plot, make sure you buy it in the prime area to enhance the business value of the plot so that investors can feel safe and secure about their money. Also, check if the plot is close by medical centre for availing emergency treatments, if needed. Location plays a vital role in getting smart ROI, as many buyers prefer areas at close proximity to the city in case you are planning to resell it in the future. Do not get cheated by low selling plots that are in the outskirts of the city as it may lower your returns.
3. Credibility of the Plot If you are buying a plot from a new seller, then conduct a background check about him to find out the sold properties in past are valuable. Secondly, check for the name in the document and the one claimed by seller are coinciding to avoid any discrepancies. Also, ensure all the documents confiding to the land are available with the seller by involving a lawyer and the property is registered legally. Building approval document is mandate for future construction without any last-minute hassles. 4. Title Deed Verification Title deed is cross verifying the seller name and the one present in the document are same to avoid any fraudulent activity. Check the property name is listed on RERA site and legally registered to be on the safer side. Also, check if the seller has due rights to sell the prope 5. Area of the Plot The size of the plot needs to take into consideration before investing in one as it reveals about your requirements. Do a research on the actual dimension to check if it is spacious enough to build your dream home in the future or launch your office set-up. You need to be choosy enough rather than regretting later when it comes to the area of the plot. 6. Potential of the Plot The most important factor is the potential of the plot, which means the future reselling value to improve your finances. Industrial layouts, government offices, and facilities surrounding the plot will directly influence the reselling value of the asset in the future. So, for better ROI make a thorough research on the details to turn the investment favourable one for you. Uninterrupted power and water supply also add to the potential of the plot as it may aid in quick construction in the future. 7. Approvals from Local Authority The final thing to verify is all approvals related to the land are done and all documents are in place. If you are buying a residential plot, make sure proper approval for building is there for future hassle-free construction. Check for all approvals from local officers and City Corporation to ensure it is a reliable property for investing you precious money. All the legal papers need to be attested and duly signed by local authorities and all are HMDA approved to avoid any ambiguities. Layout permit numbers are also mandate for all plots in Hyderabad to highlight the credibility of the plots. RERA certification is also must for future reselling of the plots in case of any discrepancies or for better prospects. Conclusion If you are aspiring to buy a plot in Hyderabad city, then you should look into the above factors to endure a worthy property. Be smart to go through the above checklist in your selected property to experience a great Return on Investment in the future. We have plenty of options to buy lands in Hyderabad, as it is a vast area. Be thoughtful enough to determine the right locality for you based on your requirements and invest right away to realize your dreams. Check out our plots in jg dargha, kothur, or shamshabad if you’re interested in buying one