If 'Why should I invest?' is what is going on in your
mind, we can guide you through your dilemma.
Investing is probably the best way to secure your future.
And we definitely condone it! But the question is not "Why", it is "HOW"?!
Firstly,
here are a few tips to keep in mind while investing in a piece of land:-
Identify a piece of land which is closer to future market
drivers. Remember, location is very important. Once the identification is done,
probe into the legal status of the area. This way, unwanted risks and complications
can be avoided.
For best returns, invest when the property prices / entry
costs of new projects are low.
As
far as Ahmedabad is concerned, investors are at an all time high with so many
competitive investment options galore!
Areas
like S.G.Highway, S.P.Ring Road and Bopal are developing at a surprisingly fast
rate. Not just flats and apartments, but ambitious 'mini cities' and townships
are under construction too and how!!
Godrej
Garden City and Adani's Shantigram – the largest
township of Gujarat are amongst the most discussed and sought after investment
projects today. If you are looking for more details, you can read all about
these and many more properties in our earlier posts.
Once
you finalize on a property and have made up your mind to buy it, here's what
you need to keep in mind:-
The land you choose might be under litigation / embarked
for government projects / categorized for protection and so on. Or worse, it
might not bear water or power supply! Thus, it is very important to keep your
eyes, ears and mind open while choosing the area, locality and finally the
plot.
Take the 'negative approach' to eliminate conflicting factors
before the purchase.
Now
that you are ready to purchase your land, follow the checklist for making sure
the process is 100% legal, safe and secure. Make sure you ask for:-
1) The title deed. This legal document provides you your
right to the property.
2) The encumbrance certificate. This document certifies
the lack of legal disputes over the property.
3) The release certificate. A release certificate is
needed if the property was pledged to someone else in the past.
4) The surveyor's report which will establish the
dimensions and measurements of the plot.
5) And finally, the power of attorney in case of an NRI
owner.
Happy Investing!
The post contain all necessary information that person should keep in mind before investment in. Thanks for sharing the post and also find 2 BHK Flats in Ahmedabad......
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