A residential plot is one such category of space in the real estate industry which is very beneficial if invested at the right time with the right planning. The major reasons why people opt for investing in residential plots are because they get very healthy returns, and they are appreciated better with respect to value preservation. On top of that, there is more flexibility when proceeding with the residential plots, as you get to build your home your way. There also are some things to know which could backfire.
The important factors to consider are mentioned below:
1. Location advantages:
When you are looking for gated community plots in Pune, the price at which you can get them could be very tempting given all the developments that have progressed in that locality. This means that you can be blinded by the benefits you will get when you move into the plot you book now. What you need to make sure of is that all the location advantages you are getting are from the exact place where you are thinking to buy the plot.
2. The size of your property:
Residential plots are very different from residential spaces. The main difference is the size of the plot that you know is not the exact size that will stay once the home is constructed there. For this, you need to have a clear mindset of the size you require to live in and then you must accordingly see the residential plot with the extra size added such that when your home is furnished, the size you get is the size you expected otherwise your home might become congested.
3. Document verification:
Residential plots do have a risk of fraud and property right misleading unless you make sure you are documenting every single detail of the deal that you are doing for the specific plot. This includes the proof of every transaction which is lawfully done to the developer. The documentation process is a complicated one and has a chance to twist you into corrections if found with mistakes. Ensure that your documentation like title deed, conversion certificate, encumbrance certificate, and so on are done well.
4. Developer reputation:
Developers in Pune have a reputation with which they make their further projects. This means that you will find getting a good residential plot without any hassles if the reputation of the developer is in place. SKYi Wildwoods is one of the projects with good residential plots by SKYi developers who are reputed builders.
So, in conclusion, there might be many properties that offer you affordable residential plots, but you must have your research done well in order to choose the right ones.