5 Key Things to Keep in Mind While Investing in Plots in Chennai

Plots have always been one of the most preferred investment vehicles in India as they always give the owner great returns on the investment and add to the asset portfolio. A plot of land is like a blank sheet of paper which can either be used to construct a building later on or simply left as is to be sold later at a better price. As such, quite a few things need to be taken into consideration while buying a plot of land. Here’s an overview of the 5 key things that must be considered while buying a plot in Chennai.

Location: This is perhaps the most important thing that must be taken into consideration while buying a plot. The plot that you buy can be in a suburb or the city centre, but it must be in an area that is well connected to the rest of the city. Also, it should be close to the IT hubs, educational institutions, hospitals and commercial places so people can easily access them as and when required. The location is so important as it also has a marked influence on the property value when the same has to be sold.

Civic Infrastructure: Whether it is land on sale in Madhavaram or Manali or any other suburban part of Chennai or any city for that matter, it is important to ensure that the place has good civic infrastructure. There should be good sewerage and waste disposal systems, water and electricity supply, roads, gardens and parks. All these factors immensely add to the property value and help the buyers get good ROI in future too.

Legal Clearance: Before buying a plot, it is also important to ensure that the property has no legal liabilities. The buyer must perform due diligence to ensure that there are no disputes regarding the ownership, power of attorney as well as right to sell. The buyer must hire a good attorney to check the documents and get the right papers so the deal can be taken forward.

Permissions: When an individual buys a plot, he/she always has a vision in mind. Either the plot is bought to make a home later on or to construct a commercial building or even simply use it as a garage for heavy vehicles; but whatever the intended purpose is, certain permissions are necessary. As such, before buying a plot, the individual needs to ensure the plot has the required clearance for such construction and usage.

Vaastu: Before buying land, its Vaastu or spatial arrangement must also be carefully analysed. This is important to ensure as the right directions help the occupants living in the property made on the land to enjoy the bounties of nature in the form of sunlight and fresh air. With these five key aspects taken into consideration, people can always get a good deal on a land sale in Madhavaram, Naduveerapattu, Manali or any other place in Chennai.