How to Buy Plots: Tips to Pick The Perfect Real Estate Developers
Posted: Feb 24, 2019
Investment in plots is an extremely valuable resource that can fetch excellent returns to investors when brought at the right place and held on for the long term. It is an economically better option than buying constructed properties as the land appreciates more than constructed properties. It gives better value for money. However, purchasing plot is a tricky affair and requires more of research and precautions than buying an apartment.
The real estate market is booming day-by-day and everything looks great, but there are many unprofessional builders/developers in the market and the blatant corruption surrounding the deals including fake documents, demand for half payment in cash, and also the issues of disputed land sales, so one has to do a careful analysis before choosing the right developer/builder.
If you are planning to buy a NA plot in Purandar, here are some tips on how to buy a plot and to pick the perfect real estate developer for you.
Checking Local Zones Laws
The local zonal laws are enacted by cities, countries to restrict how one can use the property in certain areas. So you should check the local Zonal laws before going for the property. The purpose of these laws is to make the place peaceful and safe to live in.
Cost Figure Out
Figure out the actual cost of the land and check what are the resale prices in the same area for similar plots. Also, figure out if there are any other overhead costs.
Check Utilities and Services
If you are looking for a plot for your new home, then it is just to check the utilities and services like water supply, sewage, electricity, communication services etc. If you buy an undeveloped piece of land in the outskirts you may need to do a little more work to confirm that you can get the services that meet your needs and budget
Compare the Costing With Other Developers
There are few developers who sell the plot at high prices, so before taking the decision one should check the costing with other developers so that you get the idea of the current land costs. One must deal with the developers who have proven credentials to avoid the problems at later date.
You must keep in mind that while investing in the land there is no immediate generation of cash flow, however, it fetches excellent returns if your horizon is 10-12 years.
See the amenities and other facilities of NA plots in saswad.
Why Invest Today?
Most of the buyers make mistake by investing in property when the market is booming and hence the returns are not expected. The realty market has seen correction phase. From past few years, the realty market has been going through massive change.GST and RERA has altered the dynamics of the real estate market. Where the customer is at driver’s seat and has access to the data and information at his fingertips. This transparency has resulted in an upward trend in buyers sentiments and NRI’s faith has been increased and they are keen to make more purchases.
Professional Content Writer, writing articles, blogs, press releases, news