Real Estate Investment in India - Buy Best Residential Plots Under 15 Lakhs

Real Estate Investment in India
  • Buying Residential Plots in Chennai is difficult in recent times. As real estate investment in india major areas is completely occupied, buying a Plot in Chennai under 15 lakhs is like getting a gram of Gold for Rs. 500.
  • One cannot buy anywhere within prime locations in Chennai unless the budget is in crores. 
  • The best choice for our best future is Investing in developing areas with all reasonable and basic amenities.
  • Most new house buyers, always tend to buy either plots or apartments. At the same time, buying any property at a lesser price in the best location is what everyone looks for. 
  • So buying residential plots in future developing cities will be the lifetime best.

Primary Search

The following search helps to find a residential plot under 15 lakhs:

  • Where are we looking for residential plots under 15 lakhs?
  • Find out how plots for sale are under 15 lakhs?
  • The priority for basic amenities and the social structure of the plots are best for real estate investment in India.
  • Analyze whether the plot cost will increase in the future / remain the same or may go down.
  • Primary location DTCP approved Plots.
  •  The Builder credibility.
  • The background of the best builders in Chennai.
  • Previous projects and upcoming projects of the best builders are to be checked.

The background of the best builders in Chennai. Their previous projects and upcoming projects are to be checked.

Perfect Place to Buy Residential Plots under 15 Lakhs

Every investor has to look at the following key parameters before buying residential plots.

 Real Value For Money

  • Don’t get lured by less-priced property. Don’t accept a low-cost deal of large plots of land areas for a low value. Step by step procedure is essential even though the deal looks very nice.
  • Check whether the real estate investment in India is in the areas that are in the developing stage and the current square feet rates are reasonable. Select such acres of land before it reaches the saturation point.

Need Satisfied and Affordable Budget Rates: 

  • The area or size of the plot is very important. And it should be within the property for sale in the budget.
  • Verify the Residential plots under 15 lakhs for which Value Appreciation is guaranteed. Analyze whether the plot cost will increase in the future / remain the same or may go down.
  • Scope for exponential growth in the future.
  • Do your analysis about the real estate investment in india that fetch a sensible price immediately. The more important analysis on the appreciation within the years to come back.
  • Well, a planned layout is important.

Superior and Proper Connectivity: 

  • Confirm the location of the Residential plots is good. The proximity and connectivity to the vital areas in the town are very important.
  • Accessible to all areas of the town will fetch the investor more return on investment in the future for residential land for sale.
  • The right location with the scenic surroundings and various entertainment zones are considered.

The other location advantage factors of the plots in Chennai are

  1. Presence of the IT sector
  2. Newly launched projects
  3. Proper roads and Flyovers  
  4. Pollution-free environment for healthy living
  5. Free from Noise pollution
  6. Self-sustained township for all the needs
  7. Cost of living in the area
  8. Promise Secured living with Peace of Mind
  9. Free from Traffic congestion

Ready To Build Plots and Ground Water Level:

  • The plots with proper connections for metro water supply, electricity, and drainage are called ready-to-build plots.
  •   Ready to build plots in Chennai are highly appreciable.
  •  Check the groundwater level. It helps to avoid water scarcity problems in the future.

Maintenance Expenses: 

The water and electricity expenses are calculated on the basis of square meter reading and measured at regular intervals. Check whether the intervals are on a monthly or yearly basis.

Safe Investment: 

  • Verify loan facilities for the budget. Banks and monetary institutes provide “ Land loan “ or  “ Land purchase loan”.
  • Analyze the market risk. Check whether there is a government project going on in the nearby areas or any upcoming projects. 
  • Then there is a possibility that the government may approach the site for its requirements.
  • The proper documents and verification of the same are very important.
  • Check and make sure that all the necessary approvals and licenses for the plots are in the hand of the issuer.
  • Particularly CMDA/DTCP approvals & check whether registered with Tamilnadu Real Estate Regulation Authority. Check whether the  “ Registration of sale deed “ is properly done.

Conclusion: 

  • As the city expands to include the suburbs and beyond. There is a great deal of demand for residential plots for sale under 15 lakhs. 
  • The nearness to IT hubs in some areas assures tremendous growth with proper roads & basic amenities in the future. 
  • The Metro railway network expansion project also looks for new areas for connectivity options. 
  • This fascinates many investors to invest in residential plots for the best investment opportunity.

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