How to choose the Best Plots in Hyderabad : A 6-Step Guide
What are the top things to consider before buying plots in Hyderabad, you ask? Here is a brief checklist you can use as a guide while making one of the most important purchases in your lifetime.
Moving into your dream home can be a delightful thought but turning it into a reality may not be so. With complicated processes and unfamiliar real estate verbiage, the pressure of making the right choices in land investment can be quite taxing. There are many nuances to keep in mind while arriving at a decision that is best for you but where does one begin? We have put together a concise guide to help you in your endeavor.
A Quick Guide to Choosing the Best Plots in Hyderabad
Ensure Final Approved Plots by Local Bodies
Prefer Plots with Pre-approved Bank Loan
The availability of pre-approved loans by a reputed bank means that the property is pre-qualified to avail necessary funds as loan. While it shows the efforts of the seller to make the purchase journey convenient, this also indicates the authenticity of the seller. It is safe to assume that the bank would’ve done a thorough verification of the documentations and legalities. Many plots in Hyderabad, if belonging to a reputed developer, come with pre-approved home loans.
Verify Title Deed of the Plots
Check the title deed to get clarity on who owns the land and who is selling the land. Most times the owner and the developer partner-up to develop and sell the land, a common practice for development of plots in Hyderabad. Ask for relevant documentation to understand the exact legal rights of the seller. This will ensure authentic plot dealings and avoid legal hassles later on.
Check Developer’s Credibility
- Ensuring ISO certifications for quality assurance
- Authorized approvals
- Gathering information on their previous projects
- Word-of-mouth recommendations
- Customer reviews
As the degree of financial investment is high, it is advisable to carry out a thorough check on the developer/seller. With many projects involving a myriad of upcoming plots in Hyderabad, choosing a good developer is both tricky and important.
Consider the Location
One of the most important things to consider is the ‘Why’ of making the land investment. Are you buying the plot to construct a home to move into? Is it for a steady long-term investment? Are you planning to construct a home and rent it out for recurring monthly returns? Is the plot for residential or commercial usage? Clarity on the purpose of the investment will pave the way to a list of factors you must consider in regards to the location before making the purchase.
- Distance from city center
- Land appreciation value
- Potential surrounding developments
- Proximity to schools, colleges and hospitals
- Airport, rail and road connectivity
Infrastructure Provided by the Developer
- Electricity supply
- Water supply
- Drainage system
- 24×7 security
We are all ears!
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Ayyappa Society, Madhapur
Hyderabad – 500081, India
Phone : +91 40 48511266
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URL : https://gatewayestates.in