Gated community plots in Hyderabad are slowly gaining momentum and are becoming one of the favourite investment options for real estate investors.
If you are thinking about investing in gated community villa plots then it would be the perfect option for you. In this blog, we’ll talk about the things to consider before buying gated community plots in Hyderabad.
It would be handy to compare the “pros and cons of investing in open plots” before you proceed.
Selecting the plot
We recommend going through all the options available for you, even if you like the first one you visit. There are a lot of factors to consider before deciding on a plot. Some of them include:
It’s very important to make an informed decision when choosing best-gated community villa plots. Research the value of the land thoroughly. Consider consulting a real estate agent if you find this difficult.
Having accessibility to the prominent areas of the city adds great value to your plot. If you wish to sell your plot in future, this could be a deciding factor.
Yes, amenities! When you are investing in a residential gated community plot, go for the one that already has amenities laid out in the gated community. This adds value to your plots in Gated Community and once you finish construction, you’ll have a lot more selling points that just a good house.
Take a not of the built-up area you need vs what you get. Make sure to check for land conditions such as soil topography.
Residential Gated Community Villa Plots in Hyderabad
The paperwork could be tedious, but it is the most important aspect of buying plots. Here’s a list of documents you should be checking or asking the seller.
Title deed is crucial to ensure that your seller has undisputed and legal ownership of the property. Ask for the original document and check whether the property is registered in the name of the seller, he/she is the sole owner and has full rights to sell the property. To be sure you could consult your lawyer or run a title search on the state government’s registration website. To be on the safe side, ask for any previous title deeds on the property.
Encumbrance certificate (EC)
The encumbrance certificate is essential to figure out if the plot is under any legal dispute. You can get the EC the sub registrar’s office where the sale deed of the property is registered.
Check with the seller whether it is a resale property. If yes, ask for a release certificate. A release certificate is only valid for resale property. It ensures whether the seller has cleared all loans (if any) on the property.
Original land deed
Ask for the original land deed of the present owner as well as all the previous owners of the property.
Tax receipts and bills
Make sure to collect all the original bills and tax receipts from the seller.
Unless it’s designated for something else by the government, all the land in India falls under agriculture land. Therefore carrying out any real estate activity has to be only after the land is converted into non-agricultural (NA) land. There are various types of NA orders. If you are buying residential land, look for NA- Residential. Hence make sure to ask for an NA order from the seller.
Sterling’s Aster Meadows
Sterling’s Aster Meadows is a gated community plots for sale in Hyderabad, offering plots, ranging from 200 to 300 square yards in Bhanur. Being one of the most popular suburbs of Hyderabad, Sterling’s Aster Meadows is a very attractive investment opportunity with great locational benefits.
These premium open plots are just off Nehru Outer Ring Road, leading up to the Mumbai Highway, offering great accessibility in and out of the city.
To know more, talk to us: 63663 70422