Buying a farmhouse plot is a major investment decision that requires thorough research and due diligence. With rising prices of property near cities like Pune and Mumbai, there is high demand for farmhouse plots from people looking to own their piece of land for the construction of farmhouses or long-term investment purposes. However, it is important to do proper homework before finalizing the purchase of a farmhouse plot to avoid any legal issues in future.
At Ekvira Properties, we provide farmhouse plots for sale in Pune. We understand the legalities and considerations every buyer must be aware of before investing their hard-earned money. This blog discusses some key aspects that need to be checked while purchasing farmhouse plots for sale near Pune. Let’s begin!
The Ultimate Farmhouse Plot Purchase Checklist
Location and Connectivity
The location and connectivity of the farmhouse plot are one of the most important factors to consider. Opt for a plot that is located near key infrastructure like roads, hospitals, schools, convenience stores etc for easy access. Farmhouse plots near Pune are a good option given their proximity to the IT hub and connectivity to the Mumbai-Pune Expressway. Ensure the plot is located on an accessible road and not in an isolated area. Check for availability of basic amenities like water, and electricity supply as well.
Title Deeds and Documents
Thoroughly verify all documents related to the land like the 7/12 extract, property card, title deed, sale deed, payment receipts etc. Check if there are any legal disputes or claims on the land in the court records. Get documents verified by a lawyer. For resale properties, check release papers as well. Avoid plots with any issues in documentation.
Statutory Approvals
Check if the plot has all necessary statutory approvals in place for construction. This includes layout approval, commencement certificate and completion certificate. For recently developed layouts, ensure RERA registration is completed. These approval papers ensure there are no legal hassles.
Measurements and Boundaries
Proper measurement of the plot is important to avoid any disputes later regarding the actual size. Go through the property card for exact measurements. Physically verify boundary walls and pillars marking the plot. Avoid poorly demarcated plots or those lacking proper fencing. Explore the Dwarka Kingdom. It offers farmhouse plots with good amenities under a gated community.
Price and Payment Plan
Check current market rates of similar plots in the vicinity before finalizing price. Factors like location, size, and frontage decide value. Compare prices of different projects. You can start your search online with a farmhouse plot for sale near me with flexible payment plans. It will recommend you ideal farmhouse plots near you. Ensure clear payment receipts are provided at the time of purchase.
Amenities and Nearby Environs
Farmhouse plots in gated communities with amenities like organic farming, gaushala, spiritual centre, and gurukul are preferable. Dwarka Kingdom project providing gurukul and panchakarma ayurveda facilities has added advantages. The project’s eco-village plots in Pune offer world-class amenities and facilities for residents. Check the surroundings of the plot- is it located near noisy highways or areas? Choose plots away from pollution-generating industries for peaceful living. Opt for locations with scenic views and greenery.
Loan Affiliation and Resale Appreciation
Many reputed developers offer plot purchases with loan affiliation options with banks. Look for projects tied up with major banks for loans against property. Bank affiliations provide transparency and financing flexibility.
Consider the appreciation potential of the location in the long run. Will the plot retain its value or appreciate over time? Plots in established locations assure good resale value. Factors like ongoing and proposed infrastructure work boost prospects.