| Investment in plot is one of the difficult investment | | | | City Development Corporation CMDA for a nominal |
| decisions for any investor. The reason why it is | | | | fee) |
| considered as difficult owing to the amount of | | | | - Verify whether the plan has been prepared |
| investment required. Apart from huge money | | | | according to the development control rules. |
| investment, owning a plot has an emotional aspect. | | | | - Check whether the details of approved plan have |
| There are many instances where investors were | | | | been displayed at the site. |
| cheated as they were sold a plot which had some | | | | - Ensure that planning permission and building approval |
| issue or the other. Hence you should be very careful | | | | has been obtained from City Development |
| and cautious before you purchase a plot. | | | | Corporation from the local body concerned. |
| Before you buy a plot, check these - | | | | It is always advisable to hire a lawyer to verify all the |
| - Whether the plot is non-agricultural(N/A) and has a | | | | above points before you purchase a plot. But if you |
| clear title. | | | | are taking a bank loan for buying plot, in that case |
| - Check whether the seller has a right over the | | | | the bank always does a due diligence and verification |
| property. | | | | before granting a loan. This is always a better option |
| - Verify whether the layout has been approved by | | | | as the verification done by a bank is very robust and |
| the City Development Corporation and the local body. | | | | reliable. You can still go ahead and verify the |
| (Copy of approved layout can be obtained from the | | | | documents with a lawyer for your own confirmation. |