It is essential that what might sound like a good investment today, must be a lifetime good achievement for us
First of all, ask ourselves, Are we looking for short-term gains or long-term gains?
We must be clever enough to select the plot for sale near me areas which is selling much below the market value and will sell much above the market value in future
We must be very clear about the fact that some plots for sale near me areas will give an excellent profit even in dull market situations.
It will help us to avoid post-purchase regret.
FIRM ON FINANCIAL CONDITION
Ask ourselves, At what price should we buy to be able to make money on our purchase?
Make a wise plan, do proper research
Confirm the financial position and the availability of funds and bank loans before getting into the investment process.
Think rationally about EMIs and independently without other intervention
Take enough time to do the above homework perfectly.
Find out the guideline rate of the area at tnreginet.com
It will help us to determine the market value of the property.
Try to get some discounts, it will help us to save some money on registration costs.
THE IMPACT OF NATURAL SURROUNDINGS
Always avoid the agricultural plots for sale near me. Proper land conversion certificate problems will arise.
We should not consider the sloppy plots for sale near me. It will lead to additional expenses.
Always avoid unshaped plots and avoid wastage of plot areas.
Confirm the groundwater level of the plot to avoid water scarcity problems
Visit the site physically and verify the plot for sale near me is of the correct size
PREVENTION IS BETTER THAN CURE — THE NEED FOR SAFETY MEASURES
Check properly the plot for sale near me area is free from Encroachment issues
Sometimes the lands may be illegally encroached upon.
It will lead to land disputes or civil or criminal cases.
Check the clear boundary walls and fencing details
Check and confirm the street light posts are erected in proper places.
If the property is within the corporation limits, then the property should be properly approved by the CMDA.
The CMDA approval is essential in this case.
If the property is within the metro limits, then the property should be properly approved by the DTCP.
The DTCP approval is essential in this case. Nowadays, the RERA approval is a must
Check whether the seller has a proper title and the essentials documents are perfect and free from legal problems
Check the FSI ( Floor Space Index ) of the plot for sale near me
Check whether the plot for sale near me has proper provisions Electricity, Metro Water & Drainage connections.
There might be differences in the square feet rates of the plots in the same area. Don’t get confused.
Consider the difference of Rs.200 — Rs.400 more than the nearby ones and don’t mind about this extra amount and accept the premium.
Check the proper connectivity in terms of roads and Public transport system