How To Buy A Plot In Faridabad - Brickswell

You all know that one of the best and most valuable investments is land or a plot. However, buying a plot requires utmost care as well as due diligence in terms of having all the required documents. If you plan to invest in the best plot, you can check out the plot for sale in Faridabad. But before finalizing your deal, you need to check out some essential things. Let’s discuss those things in detail.

Buying A Perfect Land

Plots are scarce in major cities, for example, in Faridabad. However, you can still obtain a perfect price plot with the help of a reliable and experienced real estate company in Faridabad. Besides, if you are planning for a home loan, then loans cab be availed that are generally provided by the banks for the buying of residential plots. Remember that some banks have a clause that requires you to begin the construction process within six months of land purchase. So, it will be better for you to plan your future and then proceed accordingly.

Check Out The Documentation
Necessary paperwork is a crucial component of the plot purchase in Faridabad as well as in India. Once you are done selecting the right plot for your dream home, you need to check the following documents to avoid any possible legal issues.

1.  Title Deed
You need to get an unambiguous title deed which is known as the 7/12 document. For this, you can consult with a property lawyer or can take the help of a reputed real estate company in Faridabad to get the necessary help. Besides, make sure that all the original documents are there with the seller.

2.  NA Order
If you buy a plot or land for non-agricultural purposes, make sure you have obtained the NA-Residential order.

3.  Release Certificate
If you are purchasing a plot through a plot for sale in Faridabad from the resale market, then there can be a chance that that particular plot may have been pledged to obtain a bank loan. When the bank loan is completely repaid, the bank will offer a release certificate, confirming that the dues have been paid. You need to get the certificate.

4.  Encumbrance Certificate
This certificate will prove that the land is free from the legal dues, and there is no litigation on the property.

5.  FSI of The Plot
FSI stands for Floor Space Index. This tells about the ratio of covered areas that are allowed for construction.

Construction Approvals
While buying, you should properly check the home construction plan is approved by the municipal authority of the area. Your home design can affect the plot selection process.

Take help from a real estate company
If you are finding it stressful and challenging to get the best plot for your home, you can always get in touch with a professional real estate company in Faridabad. They have years of experience in this and have the best plots for you. Just tell them about your preferred location and budget, and they can find you the best land. Besides, you will get access to the list of a plot for sale in Faridabad to get the right plot.