● People invest at different stages of their life for different purposes.
● Some of them have an idea to construct a home and move in to save the money spent on house rents.
● Some of them with the idea of a good investment for good future returns.
● Some of them want to leave a legacy behind for children or grandchildren.
● So, it is very important to select a plot for sale that is a profitable and safe location.
● Builders in Chennai Will Helps you to choose profitable plots in profitable locations
SYSTEMATIC APPROACH
It is essential that what might sound like a good investment today, must be a lifetime good achievement for us
● Decide what works best for us
● 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 to choose a plot for sale.
● Be clever to select the plot which is selling much below the market value and will sell much above the market value in future
● Concentrate on the areas which you have heard of and familiar with instead of getting into totally unfamiliar areas.
● Look at the genuine development status of the area rather than what it is stated in Advertisements
● Directly put your feet and make a personal visit to the site and get more authentic details about the nature of the area
● Ask yourself, At what price should I buy to be able to make money on my purchase?
● Ask yourself, Are you looking for short-term gains or long-term gains?
● The flats will satisfy short-term gains
● The plots, the value appreciation will be good. The resale value will be good in the future and satisfy our long-term gains.
● The areas of more residential locations with fresh air and good water availability is ideal
● In the case of developing areas, the rates are normal now and shooting up gradually.
● Be wise enough to grab the plots of developing nature before it reaches saturation point
● Be clear about the fact that some areas will give an excellent profit even in dull market situations.
● Always try to avoid already developed areas.
● It is better to look at areas of new developments and demand that are largely undiscovered.
● The plots should have clearly marked access to public streets/roads/pathways.
● The plots situated with a front directly facing on the street/road are better.
● Check the proper connectivity in terms of roads and Public transport system
● Find out the availability of social infrastructure facilities like good hospitals, good private and public
schools, all kinds of need satisfying shops with all modes of transport.
● Find out the guideline rate of the area at land for sale.
● 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.
SAFETY LOCATION — THE ESSENTIAL SAFETY MEASURES
● The safety of the location should be confirmed with the following check-ups
● Check properly the plot 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 the name board of the layout
● Check and confirm the street light posts are erected in proper places.
● Check the presence of land by occupying land for sale in Chennai.
● 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
● Find an Advocate who is good at evaluating titles.
● Check whether the seller has a proper title and the essentials documents are perfect and free from legal problems
● If there are anomalies, then make suitable amends with the advice of the Advocate.
CONCLUSION
● By doing the proper homework and the above-mentioned analysis, we can avoid post-purchase regrets.
● It is essential to do proper checks and analyses to arrive at a good decision.
● It will help us for good investment with good future returns.
● The guduvanchery is an ideal location surrounded by lakes and all the safe and infrastructural facilities.
● The Namma family builder and developer located in guduvanchery is doing great work in real estate investment activities.
