New real estate investments in Ahmedabad. Should I buy land or a home? Is buying a land a good investment?
As a leading real estate name in Ahmedabad, we often hear endless questions when it comes to buying a plot. After all, buying land is a significant investment that requires thorough research and careful consideration.
Whether you plan to build your dream home, start a business, or simply invest, understanding the key aspects of any plotting investment. So we got our expats together and built this comprehensive guide to help you navigate the process and make an informed decision.
Location, Location, Location
Peripheral Area or City Centre- where to buy land?
The location of the plot is the most critical factor to consider. If you are looking for real estate investment in Ahmedabad, land rates in the outskirts of the city or the peripheral area are usually low as compared to the centre, making them more attractive for buyers.
While looking for a plot, it is essential that you take note of life amenities such as schools, hospitals, shopping centres, and public transport. Consider the neighbourhood’s future development plans, as they can significantly impact the return investment value and utility of the land.
Zoning Regulations
Each area has specific zoning laws that dictate how the land can be used. Ensure that the plot’s zoning aligns with your intended use, whether it’s residential, commercial, agricultural, or industrial.
Check with the local municipal planning department for detailed zoning information.
Approvals & Licenses
Ensure that all necessary approvals and licenses are in place before purchasing the plot. Here are a few things you need to look out for: permissions from local municipal authorities, environmental clearances, planning permission and any other regulatory documents.
Verify that the land has all the required permits for your intended use. Also, conduct thorough legal due diligence to ensure the plot has a clear title.
For this, check for any legal disputes, unpaid taxes, or encumbrances associated with the land.
Market Value & Future Potential
Research the current market value of the plot and compare it with similar properties in the area. This will help you have a better understanding of the investment value.
Consider the potential for future appreciation based on factors like local infrastructure development, economic growth, and real estate trends. A real estate agent can provide valuable insights and comparative market analysis for luxury residential projects in Ahmedabad.
Land Size
The size and shape of the plot can influence your building plans and future projects. Consider the plot’s dimensions, topography, and any natural features like trees, water bodies, or slopes.
You must also look for the FSI or Floor Space Index. The FSI will help you understand and determine the extent of construction. Here is an example- if your plot FSI is 50%, you can use half of the land for construction.
Complete Documentation
From the Sale Agreement and Title Deed to the final Receipt, every document must be examined and thoroughly read. Proper documentation is essential for a smooth and legally sound land purchase.
When buying a plot of land you have to navigate a complex process that requires careful consideration of various factors. It is always important to research the builder’s reputation.
With Maruti Buildcon, we bring the trust and experience of pioneering real estate experts who have built a legacy of care, integrity, and commitment in every brick. Being the foundation of Ahmedabad’s tallest endeavours since 1985, we set new standards and horizons of real estate. Come join us in the journey of engineering tomorrow, today.