Buying a house or land isn’t just a bargain; it’s every Indian’s dream. However, if this dream isn’t pursued thoughtfully, it can also become a headache. Whether you’re buying land to build a home, for your children’s future, or for investment purposes, it’s crucial to check a few basics. If you’re considering buying a plot, the following 8 key points can help prevent your hard-earned money from being lost.
Land Ownership and Title Clearance
Before purchasing any land, ensure that the seller has the legal right to claim ownership. Sometimes, the land is embroiled in litigation or belongs to someone else, which can lead to major legal issues in the future. Be sure to check documents such as the Title Deed, Sale Deed, and Encumbrance Certificate, and seek the assistance of a lawyer.
Land Classification and Use
In India, every plot of land has a specific classification: Residential, Commercial, Industrial, or Agricultural. If you are planning to build a house and the land turns out to be agricultural, it could cause problems later. It is crucial to obtain zoning information from the Municipal Corporation or Panchayat beforehand.
Location Assessment and Future Growth
A good location not only improves living but also increases land values in the future. Check if there are schools, hospitals, markets, roads, metro, or bus services nearby. Also, check if any major projects are coming up in the area, as prices tend to rise quickly in such areas.
Availability of Basic Amenities
If the plot lacks basic amenities like electricity, water, drainage, and sewage, living can become a major challenge. Try to find a plot in a location where at least electricity and water supply are assured.
Plot’s Actual Price and Development Potential
Don’t rely solely on the seller’s words. Find out the prevailing rates and government circle rates in the surrounding area yourself. Choose areas where development projects like malls, roads, or metro projects are underway in the near future.
Checking for Disputed Land
Court cases related to land are common in India. Before purchasing land, it’s important to check whether there are any legal disputes, family disputes, or debts. Visit the local court or tehsil office to check its records.
Verifying Plot Dimensions and Approval
Sometimes, the land shown on paper may be smaller or different from the actual size. In such cases, it’s essential to physically measure the plot and check it with GPS or government records. If the plot doesn’t fall within an approved layout, future issues like boundary removal or construction halts may arise. Therefore, be sure to check the approval documents from the local development authority.
Flood, Soil, and Earthquake Zone Information
If the plot is located in an area prone to floods or landslides, it could be fatal. It is very important to get a soil test done and get information about the geography of the area, especially in earthquake-prone areas.