Buying a plot is one of the biggest financial decisions many families make. Here are five checks that save time, money and stress.
1. Approval status
Confirm the society or scheme is approved by the relevant authority and that the plot is part of the approved layout.
2. Ownership documents
Check that the seller’s documents are original and match the records held by the society.
3. Location and access
Visit the site. Look at road access, nearby development and how long it takes to reach schools, hospitals and markets.
4. Payment plan
Understand every instalment, balloon payment and possession charge before you sign.
5. Hidden costs
Ask about transfer fees, development charges and taxes so your budget has no surprises.