Worried About Purchasing a Land in Bangalore – Dreamz infra Suggestion

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Dreamz GK Infra Complaints, Dreamz GK Infra Reviews, Dreamz Infra Reviews, proper assessment, Property investment, Real estate

A plot is an ideal choice as real estate investment. A small piece of land could bring you fortunes; however, lack of proper assessment might make matters worse. Therefore, it is crucial to learn the task of finalizing potential plots that are risk-free.

Here is an overview of the basic assessment to be carried out prior to a land deal.

1)   The Title of the Concerned Land

The title of the land means confirmation of ownership and is vital in assessing the marketability. Make it a point to confirm if it is individually owned property or partnership/ HUF land. In addition, the credibility of the ownership has to be assessed. In case of any doubt, legal opinion could be sought regarding the ownership and title deed.

Similarly, for a resale property, the purchase agreement has to be scrutinized to confirm the ownership and rule out any liability on the property. The “No-encumbrance certificate” would guarantee that the property is debt-free.

2)   Documents

In India, all land falls under the agriculture property category. There should be a conversion to residential or commercial property, which should be carried out with the Government’s approval. Always ensure that documents regarding this are verified.

Authenticity of approvals from government bodies such as IT department, Planning Authority and Municipality is the next thing to verify. All certificates or documents including the “No Objection Certificate” have to be original.

In case of add-ons, there should be a mention in the sale deed. The sale agreement, generally, the sole proof of the deal has to carefully examine and each and every aspect regarding the sale should be present in the agreement.

3)   After Registration Essentials

The assessment should not end with registration, as there are a lot of things to do after registering the property.

The buyer has to verify if the “khata” or the ownership is transferred in all the concerned organizations along with ensuring the updated payments such as water charges, tax etc. The seller has to provide you with the payment receipts.