If you make this mistake while buying a property, you will regret it for the rest of your life. Know these things now...

Buying land in India is always considered a major investment, but often, due to a lack of proper information and hasty decisions, people suffer huge losses. If you are considering buying property, it is crucial to know and keep these important points in mind.

First, you must understand the current value of the plot and how much its value may increase in the future. Don't rely solely on the seller's word. Be sure to check the prevailing rates in the surrounding area and the government circle rate (guideline value). Additionally, choose areas where future development projects, such as roads, malls, or metro stations, are expected, as land prices tend to rise rapidly there.

Verifying Ownership is Important
Before purchasing any land, be sure to verify the true owner. Sometimes, there may be an ongoing case or dispute over the land, which could lead to legal issues later. Thoroughly examine documents such as the title deed, sale deed, and encumbrance certificate. If necessary, consult a good lawyer to protect your money and rights.

Find out about the land category and zoning.
In India, land is categorized as residential, agricultural, commercial, or industrial. If you're buying land to build a house, it must be residential. If the land turns out to be agricultural and you want to build a house on it, you could face significant difficulties in the future. Therefore, be sure to check the land's zoning (land use) with the municipality or panchayat.

The Impact of Location and Nearby Amenities
Location plays a crucial role in both property value and living convenience. Check if there are schools, hospitals, markets, roads, metro, or bus services nearby. Also, check if there are any major government or private development projects underway in the area. Land in a good location appreciates over time.

Check the actual land size and boundaries.
Often, the land area listed in the documents may not match the actual land size. Therefore, before purchasing the land, have the physical measurement checked and compare it with GPS or government records. If the plot doesn't fall within the approved layout, boundary disputes or construction halts could arise in the future. Therefore, it's crucial to verify the documents with the local development authority.

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