Investments, Open Plots

Important factors to keep in mind before buying an open plot

Important factors

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.

Tagged , ,

Leave a Reply