Buying a Plot in Devanahalli? Keep this checklist in your Mind

Every person wants good returns on his / her investment while buying plots. Devanahalli is a place in Bangalore where you have plenty of plots available for sale. Plots score better over other properties regarding return on asset. In Devenahalli the prices of the plots are expected to increase. So investing in such place can be considered for good returns. Before buying any apartment in Devanahalli, there are some checklists which you should be checking. Investing in a plot involves a lot of money. This is why every individual must be careful about the credentials and other factors which can create some hindrances later.

 Some key factors and checklist before buying plots or apartments in Devanahalli are stated below:

·         The size of the land: It is recommended to the first plan and comprehends the purpose of buying the plot. If the plot you are purchasing is for living intention at a later stage, then you must ensure how much built up the area you will require building your dream flat in Devanahalli.

      Some other important factors are the soil and Topography of the land or plot.

·         Scrutiny of the real value of the plot: Just because a plot seems cheaper to you, rushing and buying it is not advisable. You should gain proper knowledge about the land’s real value and research well on your part. If you are not able to do so, then you can always consult the experts. They can guide you and help you determine the real value. The experts will also negotiate the price with the seller for you.

·         Encumbrance Certificate: Some lands have loan obligations attached to it. In such cases, you need first to release the land from such matters. You need to take the release certificate / release deed from the bank which will act as proof that the land’s loan has been repaid. If the plot has more than one owner, then the certificate must be taken from all of them.

·         Property Tax Receipts and Bills: You must ask for the previous property tax receipts and bills from the seller. Doing this would not lead you to any taxation issues later. The receipts and bills would ensure that you don’t have to deal with any taxation related issues of the seller.

·         Title deed: Before buying any plot you must need to check whether the plot is in the name of the seller. If not the details of the seller must be retrieved. You must see the title deed of the plot which you are purchasing. This title deed would confirm whether the land is in the name of the seller with full rights with him. A claim of original title deed is always recommended.

·         Loan for Buying a Plot: A land loan is a financial option that is used you purchase any land. All banks and institutes provide land loan to their customers. The bank would confirm whether you are buying the land for living purpose or for commercial use. The land should be legally safe.