subject: Buying A Land On Sale? Caution! [print this page] Have you ever heard of platinum or emerald being sold on sale? I really doubt if anyone ever has! Precious and quality things on sale are not common to hear, so whenever you come across any such proposal, make sure you do a thorough investigation much before you make up your mind of investing in it. All that glitters is not gold, chances are when you go and ask the details of the land on sale, they will talk big. If you are actually looking forward to find a plot or land which you can buy, then you need to be very much alert and careful.
As the real estate market is growing, along with it is increasing the number of people choosing realty as a business. Not all who are into this business are reliable and therefore one should refrain form such pitfalls. Buy land at half price or flat 20% discount to the early birds and so forth, the real estate agents use so captivating words and leave no chance to tempt people to call and ask them of the details. They are really very diplomatic persons and know very well how to cheat the community. They are smart enough to keep you in suspense at all levels.
If after reading advertisement anyone calls at the number given, then the only thing they will convince you for is to fix a session so you may see the land. When you go for the meeting with your middlemen, you should try to gauge the land. Many a times the lands on sales are the disputed ones. Take extra care, to find out the legality of the property much before you think to commit. Following it is the step to evaluate the locality, expediency and feasibility of the land. Buying an illegal property comes with many hidden difficulties in the form of court disputes.
A key factor whenever you look a particular land from the buying perspective is to verify if the land presents a good transit? Here is a check list of the things that you should ask the seller in the very first meeting with him:
Verify if the seller has right over the land?
Find out if the land is free from disputes of any kind?
Check if the plot has been verified by the local body? (you can ask them for the copy of approval)
Ensure if the plan is in accordance to the rules formulated for development.
Ask if the planning permission has been obtained from the concerned body.
The depth involved in these points cannot be gauged and estimated by a layman. Therefore, it is ideal to hire a lawyer who can verify all these key points for you. Generally lands on sale are either the disputed lands or the ones built not in accordance to the rules. Planning department states certain rules that every property a land or a house - has to adopt. If any land has no permission from this department it is highly recommended, not to buy it as it involves high risk.
Houses and Plot in aerocity Mohali are totally in accordance to the rules dictated by planning department. Therefore you can consider them incase looking forward to buying a land.
by: ajay
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