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.

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A 7-Step Guide To Buying Plots In Hyderabad

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

It is imperative for any plot to be verified, registered and final approved by the local body authorities (HMDA, DTCP and Panchayat) of the state. If not, the plot falls under illegal/unauthorized layouts which means no structure can be constructed on that land. The local bodies define the usage of the land, sanction and prepare a Master Plan for the government to authorize the scope of the plots involved.
 
There are different layout approvals for plots in Hyderabad such as HMDA for Hyderabad limits and DTCP for extended city limits. Note that HUDA and HADA merged to form HMDA. While both local bodies operate under the Real Estate Regulatory Authority (RERA) guidelines, major difference is in the jurisdiction limits and the land prices.

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

A comprehensive research and inquiry on the developer can shed light on the genuineness and longevity of a proposed project. There are many ways to verify credibility like :
  • 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.

Some essential factors to consider are :
  • Distance from city center
  • Land appreciation value
  • Potential surrounding developments
  • Proximity to schools, colleges and hospitals
  • Airport, rail and road connectivity

Look for the most prospective plots in Hyderabad based on the purpose of the investment to get the most of your ownership.

Infrastructure Provided by the Developer

Investing in developed plots offer a lot more advantages than otherwise. This ensures provision of features like :
  • Electricity supply
  • Water supply
  • Drainage system
  • 24×7 security
  • Infrastructure
  • Landscaping
The above facilities save you from potential inconvenience, danger and dissatisfaction. Once you check the credibility of the developer, make sure to look into the project features availed with the property purchase. It is helpful to clarify the monthly maintenance fee to maintain transparency and preparedness.
 
With many developed plots in Hyderabad coming up at great locations, information is key. Get insights on what the developers offer in return for investing with them.

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