Buying a residential plot is one of the most expensive decisions that can be taken by anyone. No matter whether you want to construct your dream house on the plot or invest in the property in the long run, buying the right plot requires proper research.
Mohali has become a popular market for buying property in the Tricity area owing to its proximity to Chandigarh, the development in the infrastructure, residential areas, and other factors. But buying a good plot is not all about buying the right-sized plot at a proper price.
Before buying a plot in Mohali, there are certain things that need to be checked properly.
This article tells you the top 5 things to be checked before buying a Property in Mohali.
1.Check the Location and Connectivity
The Location is one of the primary factors Before buying any plot, analyse how well the plot is located in terms of connectivity to important places of Mohali and Chandigarh. Look at the proximity of your office, school, hospital, markets, major roads, and all other daily use facilities.
Besides, you must check:
- Approach road to the plot
- Width of the road
- Proximity to major roads
- Availability of public transport
- Proximity of housing development
- Schools & hospitals
- Markets and shopping complexes
- arks and other facilities
A good location of the plot will help your family and can fetch better demand in future
TIP: Don’t take your decision based merely on photographs. Go there and see it yourself.
2. Verify Property Documents and Ownership
One of the most important steps before buying a plot is verifying its documents.
You should make sure that the seller has the legal right to sell the property and that the property details match the documents.
Depending on the property, documents and records that may need to be checked can include:
- Sale deed or previous ownership documents
- Title documents
- Property identification details
- Mutation/revenue records where applicable
- Encumbrance-related records where applicable
- Approved layout or site plan
- Applicable permissions and approvals
- Tax or other relevant records
Do not rely only on verbal information from a seller or property agent.
TIP: For a significant property purchase, it is advisable to have the documents checked by a qualified property lawyer or appropriate professional before making a final commitment.