Buying a land can be a not so easy decision. Here are a few things to be kept in mind before buying a land
1) APPROVAL AND LICENCES: Once you zero in on the property, check the builder's paperwork ranging from commencement certificate for work, environmental clearance and approved building plans. Also ask for the status of the land title and see if the builder has bought the land or has just development rights for it. Here is a list of documents you should check.
(a). Title Deed: Check whether the builder has a right over the property. While buying a plot, see the title deed of the land to confirm if the builder has the full right to it.
(b). Release Certificate: If you are buying a property in resale, remember that it may have been pledged to get a bank loan. In such a case, you will have to get a release certificate from the bank, which will prove that the loan on the land has been repaid.
(c). Verify land use: Verify the land-use zone as per the city master plan for the plot. You can get the plan from the local body office in your respective city.
(d). Approvals by Local Body: Make sure that the entire layout has been approved by the development corporation and the local body of the city.
(e). Property Tax Receipts: If you are buying a property in resale, ask for previous property tax receipts from the seller along with other bills. This way you can ensure there are no pending bills.
2) LIST OF BANKS FINANCING THE PROJECT: With real estate companies sitting on unsold inventory and not having enough cash to complete their projects, banks have become vary of financing them. There are many builders which do not get bank loans at all.
3) CALCULATE THE TOTAL COST: Do not go by what the broker tells you. Many times brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate the total cost. Ask for the final cost of the property.
4) VERIFY THE BUILDER: The piece of land in question may be under litigation. Hence, it is recommended that you do an extensive verification of the builder. You could verify its past or current projects or even post queries on the various online real estate forums.
5) THE RIGHT PLAN: There are various payment options available in the market such as down-payment plan, flexi-payment plan, construction-linked plan and possession-linked plan. Experts say one must choose carefully, as generally there is a cost for every convenience.
6) CHECK THE INFRASTRUCTURE PLANS: Metro connectivity or any other big infrastructure development in future linked to the location of the property you intend to purchase can boost the return on investment tremendously. Also, ensure that the property is not close to any polluting industry.
7) CHECK THE SITE: The layout in the brochure could be different from the reality. So, do a thorough site visit before booking the property. Interact with people in the neighbourhood as they may know about any illegal occupation or other legal disputes related to the property.
8) REGISTER YOUR PLOT: After selecting the property, you have to register it with the authority concerned for you to become its lawful owner. For this, you can probably refer to or participate in various online real estate forums.
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Agricultural Land for sale in Jodhpur is a land on which agricultural activities are carried out.
An agricultural land may either be situated in a rural area or situated in a Non Rural area.
Usually, agricultural land is considered a good investment for high net-worth individuals and for those with surplus income.
For salaried or self-employed individuals, living in cities, going through all this process will be time-consuming and tiresome.
An agricultural land in rural India does not form part of the definition of a capital asset and hence, there will be no capital gains on the sale of such land.
Please check the municipal records(municipality) to ascertain whether agricultural land is rural or urban.
Agriculture and farmers are the two most common words in India that contribute right from the GDP to take the responsibility of feeding the nourishing food to the people of India along with the quarter population of the world.
However, as India’s population grows, the country is having difficulties meeting the demand for food products like wheat and rice especially in times of crisis.
With the COVID-19 pandemic affecting the world, everyone is concerned about the first basic need i.e., FOOD.With the restriction of lockdown, the following are the problems that might be faced by the farmers in India: Lack of supply for seeds, fertilizers, other materialsWith the lockdown imposed across the country, the transportation issues are slightly under the light.
But the government is trying their best to facilitate the farmers with all the possible help to grow their crops.
Irrigation issuesWith the summer season hitting the country, there is an inadequate supply of water to the farmlands for irrigation.
The concerned departments have been planning on the ways to keep the irrigation concerns away from the farmlands.
In turn, the demand for Land for sale in Vijayawada has up, and this has crystal rectifier to a colossal boost within the property costs, up to twenty-fifth as of 2015.
Industry-wise changes in Vijaywada after Andhra Pradesh - Telangana partition Not solely is Vijayawada famed for its nightlife and diversion, however conjointly for its numerous amenities like sensible hospitals and colleges.
Excellent infrastructure The city conjointly has Associate in Nursing airfield for higher property Associate in Nursing and A1 class railroad station, famed to be one among the busiest within the region.
additionally, Vijayawada has around eighteen bridges to facilitate efficient and safe commute alongside a robust transport network.
Hike in demand for property Various features comes in Vijayawada property have caused a spike within the demand for the property and as a result, costs are steady on the increase.
That being same, it's still additional cheap to speculate in property here than in different elements of the state.
