First time NA Plots Buyers?

10 Things to check before buying a NA Plot

When making a huge investment like buying a plot, hasty decisions can’t be made. Buying an NA plot has in a way become a premium thing these days especially in big cities because the land is a scarce commodity and pride is associated with having your plot where you can build the house as per your wish. Here are important things that you should know before purchasing any property in India. Commoners are often not aware of the risks associated with buying land and its complexities. Buying land is a very different kind of ballgame altogether compared to buying a flat, and today I am attempting to make things easy for you to understand.

1. Is the land in the name of the builder? The first question you should ask is if the builder has legal rights to sell the land or not. Find out who is the current owner of the land? Is it a builder himself or not? A lot of builders either buy the entire land from the previous owner or enter into a joint agreement with the owners to sell or develop the land and sell the plot scheme. Ask for the documents which clearly show the builder has legal rights on the plot himself.

2. Has the developer taken a loan from Bank for the project? Builders often take a bank loan for the Plot schemes and even residential schemes. It’s a sign that the builder is more serious about the project and it’s also a positive sign because if there is money with the builder it will be specifically used for the project development. It’s not always the case that the scheme has a bank loan but still enquires about it. If the bank loan is there, it’s proof that the bank has done thorough verification from their side on the legalities and only then granted a big amount.

3. What are NA Plots and Where to invest? By default, all the land in India is ” AGRICULTURE LAND”, unless it’s defined for some other purpose by the govt. Agricultural land cant be used for construction and development, here NA plots are used for construction. NA means Non Agriculture land. However the land with NA status, does not indicate that one can start using it for residential purposes, because there are various categories in NA plots as well like

NA – Commercial
NA – Warehouses
NA – Resort
NA – IT
NA – Residential (this is the one where one can build a residential house)

Look for “NA – Residential” Plots So, the point is that you need to ask the builder/salesperson, if the plot of land you are planning to buy is “NA-Residential” or not? Ask them for a copy of that. A lot of other kinds of NA plots are sold as “NA plot, collector approved” which is a misleading thing. NA plots with clear titles are limited and scarce, & often you will have to pay a good price for it, If the land price is dirt cheap and it’s promised as NA-residential, there is a good chance that it’s fake or very very far away from the city limits. Casa Anegelina is a project by SVB a trusted brand and we are “NA – Residential”.

4. What is the FSI for the plot? The FSI or Floor space index: FSI simply means how much construction can be done on a piece of land and it depends on the location of the plot. FSI of 100% means one can utilize the whole (100%) of the plot. The percentage states the amount of area that can be utilized during development.

FSI amd its importance? So understand that FSI has a very important role to play when construction takes place or when the plot is for sale again. Taking an example into consideration: 2 plots that are of the same size (2000 sqft), but with different FSI like 50% and 100%

Plot A (50% FSI) – You can make just a 1000 sqft home on that, which will be like a 2 BHK)
Plot B (100% FSI) – You can make a 2000 sqft home, which will be like a 4-5 bedroom Bungalow.

But then it might happen that Plot A is selling at 10 lacs and Plot B is selling at 15 lacs, Plot A is cheaper because its less priced and the size is the same (2000 sqft) but the utility matters as well.

5. What are the other projects done by the builder? You should ask the salesperson about the other projects done by the builder. Check if they have done other similar projects in the past? What was the response to it? What is the quality of those projects? Were there any legal issues with those schemes? Are the buyers happy with the builder’s work there? The name of the developer involved in the project says alot about the project. Experienced developers have detailed knowledge about the dealing and the transaction is much smooth than inexperienced onces. The well know developers are well aware of various legal issues that can occur and can handle those swiftly. SVB Realty being one of the big developers in pune market provide the best we have to offer.

6. When will the Sale Deed happen? The mindset that “agreement to sell” makes you legally safe is just a myth and nothing else. “agreement to sell” is executed when you select and book the the plot and pay your initial payments upto 30-40%, you pay stamp duty and registration charges just to decided on or agree upon terms and conditions under which the sale will happen in the future. It mentions the terms and conditions of the deal, how many initial payments are you making along with the cheque number and also the future dates, and by when the payments would clear, etc. “Sale Deed” is the document that needs to be registered in the office of the sub-registrar to make the sale happen. Unless the sale deed is done, one does not become a legal owner.

7. Will I get an individual 7/12 extract in my name? Let me first help you understand what is “7/12 extract” is? It’s a term you will often hear in states like Maharashtra and Gujarat. It’s the document maintained by the revenue department that mentions how the land moved from one owner to another owner in the last 30 yrs. So in a way, it’s a history of the land and you will find exactly on which date who sold to whom. This way you will find out who is the current owner of the land also.

8. What will be the per annum maintenance after buying the plot? Once you buy the plot, there is annual maintenance that needs to be paid which goes towards maintaining the basic amenities like security, upkeep of the project, gardens, water, security, etc. It should not be a surprise for you later. This maintenance is generally paid every year and it’s proportional to the plot size.

9. Is the plot on flat land or a slope? When we considered buying a plot we assume it to be a flat piece of land. Don’t be mistaken about it. In huge projects, there are chances that the plot may be on an uneven plain or a slope. Building on uneven land or slop can be tricky and can cost a bit more. But the positive side to it is if you adopt the new technique of building which will take slope into account while building, It might make your house more spectacular. The direction of the slope can further determine the amount of sunlight you get. This can affect how much light you get in living areas, and your potential to harness the sun both for passive solar heating and for collecting solar power.

10. Ask the following questions before taking any decision: While buying a NA plot it is always advisable to get the information about necessities that you would need after buying the plot.

How are they providing Water?
What about electricity?
Are they going to arrange for an individual electricity meter?
How much are they charging for it?
If the plot/land is too much away from the main road, then what about the access road?
Who will develop it?
What about fencing of plots?
What about security?
Ask everything in detail and points.

With following above instructions you will land with the best property in pune. Properties like Casa Angelina provide you all the above information and walk you through the gruesome journey with great ease. With experience of pervious projects and SVBs great reputation in market you will be choosing the best with our new NA flots scheme.

First time NA Plots Buyers?

10 Things to check before buying a NA Plot

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