Are you considering buying a piece of land in Bangalore? Dubbed as the Silicon Valley of India, Bangalore is a bustling city in India. Other than its IT sector and tech-oriented projects, the city also boasts of a thriving real estate market. Before you sign on the dotted line and make investments in land in Bangalore, you need to consider several crucial factors. These are some of the key things that you need to keep in mind when purchasing land in Bangalore.
Check whether the plot is BDA-approved or not
This is one of the first things to determine. Check whether the land you are interested in is approved by the Bangalore Development Authority (BDA). BDA approval ensures that the land meets the necessary legal requirements and is suitable for construction.
It is essential to verify the authenticity of the approval documents. This will help you to avoid any legal disputes in the future. Always consult a legal expert or a professional real estate consultant. You can easily verify the BDA approval status of the land.
Present and proposed connectivity options
Connectivity is a vital aspect to consider when buying land in Bangalore. Evaluate the existing connectivity options near the land, such as:
- Roads,
- Highways, and
- Public transportation.
Generally, BDA-approved plots have good connectivity options. But you should do your own study. Further, research any proposed infrastructure projects in the area, such as metro lines or road expansions. Good connectivity ensures ease of access to essential amenities like schools, hospitals, and shopping centers. It also helps with faster appreciation of the value of land.
Documents
Before finalizing the purchase, it is crucial to thoroughly review the necessary documents. These are some of the key documents that you need to inspect:
- Encumbrance Certificate: This document verifies that the land is free from any legal dues or liabilities.
- Occupancy Certificate: If the land has any existing structures, ensure that there is a valid occupancy certificate. It indicates that the building has been constructed as per approved plans and is fit for occupancy.
- Mother Deed/Title Deed: This document establishes the ownership history of the land, providing proof of ownership.
- Sale Deed: The sale deed is a legally binding document that transfers the ownership rights from the seller to the buyer. Ensure that the sale deed is executed as per the applicable laws.
- Khata Certificate: The Khata certificate is a document that verifies the property's assessment for tax purposes. It is important to ensure that the land has a valid Khata certificate.
- BDA Allotment Letter: If the land is allotted by the BDA, ensure that you get the original BDA Allotment Letter, which confirms your ownership rights.
When you take these important factors into account and buy your plot from a credible seller such as Reliaable Developer, you can rest assured about your investment. You can take pride that you have made an informed decision and secured a valuable asset in Bangalore's lucrative real estate market.