Buying a property has always been a significant decision in one’s life. The Indian market continues to raise the value of NA plots. We invest a lot in such decisions and try to take the right decision. These investments have better returns, come at lower costs, and provide higher value for money. Due to this, gated community villa plots in Pune and other major cities are seeing a massive spike. When it comes to buying a property, there are a lot of factors to consider. This article discusses a few aspects that should be considered before investing in a home or buying a NA villa plot in Pune.
Here are seven parameters that will help you narrow down the perfect NA Villa Plot:
1. Return on Investment
The land is considered a tangible asset, given the same monetary significance as stocks, equity, or gold. As such, evaluating the ROI of your plot is necessary to ensure that you’re getting the most value out of your hard-earned money.
Plots are a gold mine for investments if bought in the right area. An empty plot in a prime location is a blank slate that can be tailor-made into the user’s dream home.
Documentation is the quintessential factor to keep in mind when investing in villa properties for sale. Verification documents are those that ensure the legality of your purchase. A Clear title certificate and NA Order are some of the crucial documents. If you were to buy the plot on a re-sale, then the release certificate is also vital. Many buyers also run ‘title verification’ from lawyers for additional security.
When you notice an ad about properties for sale in Pune, the first impression is that land could be substantially expensive. Well, this is a vivid myth blinding many. A piece of land is considerably cheaper than a housing property. The buyer can also get immediate possession since there is no wait time during the construction.
The India Real Estate 2019 report by Knight Frank India states that over 61% of new projects in India have been in the affordable housing segment.
Like verification documents, the other set of records that the buyer must verify are approvals. Sanctioned layout, commencement certificate, and completion certificate are some of the approvals from the city development corporations and a valid RERA Registration.
A gated community in Pune and other major cities is an excellent investment option. These wholesome neighbourhoods offer more than just a piece of land; they sell amenities that enhance the quality of living. These include clubhouses, pools, exercise tracks, parking, open spaces, and more.
6. Loan Affiliations
Most NA plots sold in metropolitan cities come with loan affiliation with nationalized banks and private banks. These are banks that have scrutinized the land and its permissions. Once they guarantee that all the documents are in order, they sanction loans.
Banks only back bulletproof properties, and having the seal of approval from these banks is an excellent way to gauge authenticity and seek quality loans.
7. Resource Availability
Lastly, you should ensure that the property has access to all the resources for quality living. These include water supply, uninterrupted electricity, access road, availability of medical facilities, etc.
The best way to ensure perfect quality, both with amenities and legality, is by finding reliable projects. Around 62% of buyers prefer to pay high-end developers with lower execution risks.
If you are looking for an NA plot for investment in Pune, 46 Banyan Tree is an excellent option. They have best-in-class facilities and strategically planned housing plots in a new gated community. Now is the right time to buy/invest in a NA plot in Hinjewadi, whether to build your home or double your investments
You may also like to read – Reasons why investing in Villa plots in Pune is a great idea
Q. What are the factors to consider before buying a plot?
A. Before buying a plot, the buyer must consider the factors like located road connectivity, nearby convenience store, social amenities, basic infrastructure facilities, power & water supply, land price, and shape size of the land (avoid buying unevenly shaped plot).
Q. According to Vastu, which plot is best to buy?
A. North-facing plots are the best; apart from this, East-West-facing plots are also considered good, as per Vastu.
Q. What is the process of buying land in India?
A. To buy/invest in a plot/land in India, you must first decide on the budget and preferred locations. After shortlisting plots, the next step is to ensure that all the documents related to the plot are in place. Documentation and process of buying a plot/land may vary across States. For smooth transactions, it is best advisable to visit the municipal authority office to understand the checklist.