There are several legal checks you need to do before buying a plot in Gurgaon
so that you can be sure that you have bought an authentic property. Know about all these legal checks before buying your plot.
The demand for apartments and plots in Gurgaon, South Gurgaon, and Dwarka Expressway is very high. People are eager to buy new houses, apartments, and plots. But there are many people who are not aware of their rights and responsibilities in terms of buying a plot in Gurgaon, Sohna, and Dwarka Expressway.
They are not aware of the different types of plots available in Gurgaon, South of Gurgaon, and how much the cost of property is there. They also do not know what documents they need to submit before investing in a particular plot. In this blog, we will discuss some important points related to buying a plot in Gurgaon and its nearby areas so that you can take an informed decision before buying property.
Residential Landscape in Gurgaon, Delhi NCR
In Gurgaon, the residential property market is highly competitive and saturated. Most people want to invest in a residential plot in Gurgaon known for its beautiful and natural surroundings.
If you are planning to buy a plot or invest in it then it is very important that you do a legal due diligence before buying a plot in Gurgaon so that no legal issues arise after purchasing it as these issues can affect your property. Will affect are part. Negative effect on price. Things don’t go according to plan after the purchase. So, there are some guidelines you should follow before buying a plot in Gurgaon, South Gurgaon, and Dwarka Expressway.
You must follow the following guidelines before buying a plot:
- View location. The location of your plot will determine its value and potential growth if it is in an attractive location with good infrastructure and facilities. If so, then this can be a profitable investment option for you.
- View location. The location of your plot will determine its value and potential growth if it is in an attractive location with good infrastructure and facilities. If so, then this can be a profitable investment option for you.
Check whether there is any legal status to buy or sell a plot in Gurgaon. You need to know whether there are any restrictions on selling/buying these properties or not so that you do not get into trouble later while trying to sell them at their best price.
Know your needs for Buying Plots in Gurgaon, Sohna, Dwarka Expressway
- Before you start looking for a plot, you should think about what your needs are. This will help you find the right space and ensure it matches your lifestyle.
- Plot size: The plot size depends on how much space you need, but it should be large enough to grow plants and trees and build structures in them.
- Location of Plots or Society: Try to shortlist such areas where there is a good drainage system or water supply availability. There is no risk of flooding when it rains or during heavy winds like cyclones or storms (which affect Gurgaon, Delhi NCR). See also whether any road network and nearby buildings may obstruct visibility from certain angles during the monsoon season (June–September, when sunlight is blocked by clouds above).
Approval of Layout Plans by State Authority
After you have decided to buy a plot, you need to get the layout plan approved by the state authority. The layout plan must be approved by all three parties involved:
- The builder or developer who has allotted your land for the purpose of construction;
- The owner of the property; And
- The government body that issues permission for construction activities on public land (in this case, it’s called an “approval”).
How to know the legal information of Plots in Gurgaon, Sohna, and Delhi NCR?
Follow the pointers given below before buying a plot in Delhi NCR:
- Check the title of the plot in Gurgaon, South Gurgaon & New Gurgaon.
- Check the documentation of the plot and society.
- Check land records of the property.
- Check the location of the society in which you are buying a plot.
You should check the title document of the plot. The title deed will prove that you are the owner of the land, which can be found at your local registration office. You should also check whether there is any pending dispute over the property and if any, the status of the pending litigation.
Has The Seller/Developer Cleared All His Previous Loans?
You should check before buying or investing in a plot in Gurgaon or it’s nearby areas and also ask the seller to clear all his previous loans so that you know how much he can afford. Here’s what you need to check:
- This person’s credit score: You can check with some lenders to see if they have any bad history reports.
- Financial history of this person/developer/builder (if applicable): This will help you understand whether there are any financial issues that need to be addressed before buying such a plot.
Read: Guide to Plots Loan in Gurgaon, Sohna
Additional things to look for before buying a plot in Gurgaon:
Keep this information in mind before buying or investing in a plot:
- Check the infrastructure development and see whether they are complete or not. If there are some unfinished projects, it may be better to wait for some time before buying one as developers may stop the construction work if they come to know that someone else is waiting to buy their land (this happens often).
- You should also see if any commercial centers or markets are coming up nearby.
Concluding Thoughts on Factors to know before buying Plots in Gurgaon, Sohna
The above acts have been enacted to protect the legitimate owners of plot purchase in Delhi NCR and not to be deprived of their properties. But it must be remembered that these laws are not sufficient to guarantee the acquisition of new land. Thus, fulfillment of all other requirements prescribed by DDA and ULCRA should also be considered before taking a final decision.
