Essential Factors To Check When Investing In Residential And Commercial Plots

By Author: Devender Gupta
Total Articles: 30
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Property is an asset and investing in it is a wise decision. With the sustained growth in the real estate sector a vast range of residential and commercial plots with assured returns are readily available but one has to carefully analyze the profitability scenario before any kind of investment.

You should ensure the following before investment:

1.Thorough research of the real estate market and the prevailing trends therein as trends in reality sector are always changing and even a minor miss out can prove critical.

2.Deep understanding of the market flow in order to choose the right location and area for investment.

Checklist for investing in Residential property.

3.For investing in residential property proximity to workplace, schools, hospitals, market area etc. have to be kept in mind.

4.Healthy and safe neighbourhood for kids with nearby playgrounds, entertainment and learning centers and a secured environment for the family.

5.Accessibility is one most important factor which cannot be ignored. One should always check about the commuting options ...
... beforehand even if the person has his own vehicle. Nearby bus, rail and airport facilities should be available. The location should be well connected to the other metropolitans.

6.Basic amenities of water, electricity backup and telephone connectivity etc. should be ensured.

7.When buying a residential plot one has to check factors like type of soil and topography. You should see that the land should not be bumpy as leveling of the land is quite pricey. One should be careful about the soil in order to have a solid foundation.

8.Always verify whether the seller has full right over the property or not. Check the title deed of the land to be purchased, make sure that the land is in the name of the seller and get the original deed scrutinized by a lawyer.

9.Ensure that the land is free from any legal dues. Get an encumbrance certificate from the sub registrar office where the deed has been registered.

10.Check that approval of the layout by the City Development Corporation and local bodies is in place.

11.The plot of land should have basic infrastructure for building a home. A deeded right-of-way should be there so that there are rights to construct a public road.

12.Planning permissions and building approval from City Development Corporation and local bodies should be in place.

Checklist for investing in Commercial property

1.Location plays a major role while buying any type of property. Always buy your property in a secure and populated area which is easy to get to. The surroundings of the property should be clean and pleasant so that the clients are attracted to the place.

2.The property should be close to areas of commercial activity and shopping areas rather than located at a secluded place.

3.The property should be business friendly. It should have the basic infrastructure and should meet all your business requirements. It should draw good business prospects.

4.Age of the building, facilities provided by the property, maintenance charges, property tax etc. should be assessed beforehand.

5.Consider your budget. The property should be affordable with assured returns.

6.Do not miss checking the prevailing market conditions.

7.A thorough research of the background of the property you intend to buy should be done.

8.Investing in the budding commercial areas can fetch you higher returns than recognized central business districts in the metros.

9.In order to assure cash flows investment in a commercial property which is completed and fully leased by a reputed developer is recommended.

The DLF new projects in Gurgaon are the hottest properties in Gurgaon, DGS realtors being the major dealers of the DLF plots in Gurgaon as well as DLF properties in Gurgaon.