Major Points Before Buying Residential Plots in Pune

Pune have become a hot place for residential property. Whether the prices of property are rising day by day, the demand of property in Pune is not getting down. Pune property has made a special reputation in the market. The all Pune Zone (East, West, North, South) have become the hub for various housing arrangements including small flats, small plots, residential plots, big kothis, and multi-storied housing complexes as well as modern apartments.

To convert a dream into reality people invest their life time earned money and sometime borrow money to invest in property. Thus everyone should take-care the following steps before investing in property especially in Pune.

Check for proper connectivity in favor of the property place.

Also clearly check the basic facilities like water, electricity, parking etc…

Check the License and approvals of the Builder and authorization of project.

There are the several fraud property dealers inside the Pune who promised lot and also tell the high price of property to earn more profit hence Cross check the value of the property.

Ensure execution of proper Allotment Letter/ Sale Agreements on your payments.

Ensure whether reputed financial companies approve the project.

Verify whether the layout has been approved by the City Development Corporation and the local body

Ensure that planning permission and building approval has been obtained from City Development Corporation from the local body concerned.

Ensure project is bank approved or not.

See the tentative Layout/ Building Plan.

Ensure the Conveyance Deed is registered after entire payment has been made.

Check whole chain of registry/ project authorization

Check whether the seller has a right over the property. The first step is to see the title deed of the land which you are going to buy. Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person. It is better to get the original deed examined by a lawyer.

Land should not be related to SC (Scheduled Castes), Lal-dora if the investor belongs to general category.

Be check CLU (Conversion of Land Use) if investor want to converse it into residential or vis-a vis.

The investor should check the buyer-seller agreement with comprise penalty clause.

Choose a right property in a right location where also the good future returns.

Note : If you find this list helpful and handy, Kindly add a comment below with any further points that can help others save had earned money, before going for a wrong property deal.

Happy Investment.