After the pandemic, a shift in consumption and demand has been noticed in different sectors of the economy across India. People have realized the utility of a larger living and breathing space. Family time-space.
People prefer more personal space and are not afraid of placing a premium on it.
Many are making the switch from public transport to private vehicles and from flats in housing complexes to independent plots.
As per estimates, the demand for plotted developments saw a slow and steady rise during the year 2020. While demand for plots either inched up marginally or remained unchanged during the first three quarters, a significant rise of close to 50 percent was recorded during the Oct-Dec 2020 quarter vis-vis the Jul-Sep 2020 period.
As per expert plots were always in demand, however pandemic give a push. Demand for open space has increase. There is sudden increase in demand for farmhouses in South Delhi.
Due to increase in demand, South Delhi developers are designing plotted development project that offers luxury and spacious place to investors. These reputed builders provide the best of amenities in South Delhi posh colonies.
There are certain factors you must keep in mind buying a residential plot in South Delhi.
This is a really significant reason when you decide to buy a residential plot in South Delhi. First and foremost, it must be easily accessible to the prominent areas of the city. Location is a big factor when it comes to getting great returns on your investment too!
2. Area of the plot
The area/size of the residential plot is an important factor when it comes to making that decision about your dream home. Do check on the built-up area you need to build that home and also the topography and soil. After all, it is always better to be safe than sorry.
3. Builder verification
Sometimes, you hear that a piece of land is under litigation or is embroiled in certain issues. This is why it is suggested to cross-verify the seller. You must also verify their past and current projects or even post your queries on online forums. This is what will give you an idea of the builder’s credibility!
4. Title deed verification
It is important to check if the seller has a right over the property. The first step is to see the title deed of the land, which you are going to buy. Make sure you confirm if the name of the seller and that the full right to sell the land lies with him and no one else. SouthDelhiPrime has specialized team of experts to handle all property related legal matters to give stress free experience to all the home buyers in South Delhi.
5. Necessary approvals by the local body
Make sure that the residential plot has been approved by the City Development Corporation and the local body. Check for the necessary approval documents and make sure it is verified by a lawyer. If it’s a large layout where builder plans to develop the plot, ensure that the planning permission and building approval has been obtained from the local authorities. SouthDelhiPrime with its three decades of experience has good knowledge of all the required approvals for home buying in South Delhi.
Southdelhiprime.com a Digital Venture of SanD Advisory Pvt Ltd. is a boutique real estate advisory & transaction company, having advised the who’s who of South Delhi on their real estate assets. We have special expertise in high value transactions & dispositions in South & Central Delhi. With over 500+ clients, SanD has done transactions worth millions. DoctorProperty.in, our online expert will respond to some of the common questions we’re receiving regarding buying a house during this pandemic.
Disclaimer: This above write-up is a collections of from online and offline information sources put together to make a sequence of events in no intended order, by the writer for purely for informative purposes. Hence the writer makes no claims and is purely reproducing events with intent of data-sharing only thus cannot be deemed legal.