Buying Plots in Pune? Things to Know!

Buying land in Pune for living, re-selling or investing is considered to be a significant decision in one’s life. It refers to be a strong financial and emotional move on a personal front. Before you spend that huge amount of your lifetime savings in buying NA plots in Pune, or bungalow plots in Pune or residential plots in Pune; it is imperative to consider certain parameters before making the big move. Hence, it is important to pay attention to the following factors:

• Legal Clarity of the Property: It is vital to consider that whether the property which you are going to purchase in Pune is free of all legal charges and obligations. You would not want to be in the dark while taking this big step and then regretting later for buying disputable plots in Pune. It is crucial to make the consideration of the fact whether the builder who is offering you a pre-launch scheme has cleared all the legal obligations and whether the certain plot has been given the clear NA (non-agricultural). Therefore, the legal real estate experts suggest that the buyer must make legal checks on the plot’s history. It must be clear to them if the plot holds any rights or interests of any third party which might come up after your purchase the plot. It must be ensured that you have had a look at the ownership of the plot papers. This might save you from a plethora of tensions at a later stage.
• Understand Your Rights: As a buyer, you are no less than the builder or the developer. Always remember this. In fact, the buyer is the king. If in any case, you encounter a delay in the development of the project, it is imperative to take effective actions against the wrong-doers on legal grounds. For this, you must have the proper knowledge of the individual rights on the delay of construction before buying

NA plots in Pune. It is advised for the buyers to invest in a construction-linked scheme which has specified the start date and the end date of the entire project.

• Ensure the Kind of Land: You cannot plunge into land buying in Pune without any in-depth research of the area like the kind of land or plots in Pune. Hence, the most important consideration to make is to ensure that the plot you are going to invest in is not reserved. Though you might trust your contractor, still you would not like the government authorities to knock your door at a later stage on infringement of the reserved land rules.
• Ensure the Correctness of the Documents: Before you set out to plots in Pune like the residential plots in Pune or the bungalow plots in Pune; the buyers must be assured of the fact that they have the correct set of documents which they might need to make the purchase. To ensure a hassle-free acquisition of the land area, the official documents like RTC extracts, Power of Attorney, Sanctioned Building Plan, NOC from various departments, any loans on property verification, no due certificate, and many more. You can get the list of the documents to be verified by the concerned authority or person to remain free of any issues.

Pratik Gaikwad Content writing