Skip to main content

Are you thinking of buying a NA Plot? 8 Important Tips for buying Non Agricultural Plots for Sale

Are you thinking of buying a NA Plot? Some Important Tips for buying Non Agricultural Plots for Sale
1) Look up the website and also the actual land site first. See the documents whether the land has clear title. The owner has to have clear title of the land they are selling. The land must be on name of the owner, or seller, and if there are a group of owners they must all be mentioned in the deeds and approval for selling by all of them.
2) Some property sellers are also selling agricultural  land at throw away prices. With a promise to get the documents approved in making the Land NA. Buy from trusted reputed builders and property dealers as you have to take a huge risk.
3) The land must be NA plot,  non-agricultural. The land must have the permission from the Government to build houses and must be clear of the title of agricultural land. All land is agricultural on the outskirts and approval is required to allow construction to come up. If it is not done by the seller of land,  you will have to get the approval by submitting all the documents and get the approval before you can begin construction of house, villa or bungalow on such agricultural land.
4) Selecting a plot consider the environment, surroundings and facilities provided by the seller. The local village is near or far off. All daily necessities can be taken care of like electricity, water and in fact there have been cases where many plots are sold when there is no road or access to the plot! Even many famous Bollywood celebrities have been duped with buying of farm houses without proper electricity and water connections.
NA Plot for Sale 
5) Buying NA plots on loan, Loan facility for purchasing NA plots is also available with many housing agencies. Many land property sellers have tie up with housing finance companies and you get loan to purchase land or plot.
6) Take advantage of buying with payment in cash or cheque for full amount. If you wish to give the total payment do ask for a reduction in the cost of plot, you can avail great and heavy discounts and offers , concessions when you are willing to make total payment at one time for purchasing a plot or many plots.

7) Get receipts of payment after your deal. Signed and stamped by the sellers. You have to be careful if the plot has not get the approval of NA from Government and whether this is in progress you get a memorandum of understanding by the seller which states that the land has been transferred into your name, the buyer of the land.
8) Always take advice/ guidance from a lawyer while buying and also on taking possession of your NA plot/ NA plots or those plots that are not approved for construction purposes, as we never know when the sellers of land may back out leaving you and your investments in a mess!
All the Best from Rizwana!
Home Loans 8 Simplified Facts
7 points to consider before buying NA plots for sale
Advantages and Disadvantages of Joint Home Loans

Comments

Popular posts from this blog

Get Easy Tax Concessions Bonus on Home Loans

Easy tax concessions are a added bonus with your home  loan. Purchasing a home has become the most sought   after   dream today. Our major salary can go in terms of repaying home loans. With property rates increasing day by day it is becoming more and more difficult to purchase a home even on loan. The principle amount is increasing and also the interest rate added puts a tight crunch on our monthly salary. Tax concessions and rebates come as a boon to lighten this burden a little bit. Is it possible to get tax rebate on the loan amount? Many of us are not aware that this is taxable income money and one can avail rebate on a certain amount. If all returns are filed regularly and all criteria for applying for a home a loan fulfilled then one can avail on tax rebate for a certain amount of the money taken as loan. The main criteria would be the loan has to be taken in the prior financial year and the project has to have a fixed date for completion. The possession of th...

Washington Home Loans

An interest-only loan has become a very popular choice of the many Washington home loans that are available.  What is making this type of loan so popular?  What other options are available to potential Washington home buyers. If you have a desire for a lower initial monthly payment, lower payments over shorter period of time, the possibility that if rates improve your rates could go down giving you lower payments, the fact you may qualify for even an even higher loan amount which would allow you to purchase a larger house than originally you thought this may be an option you should investigate.  There are a couple of other things you may need to consider.  Your payments may change over time.  There is also the potential for higher payments if the rates go up.  These interest-only loans normally interest only for a specific period of time.  The normal time is 4 to 11 years then the payment is raised to a normal level.  This type of an option c...

Documents required during the Processing of home loans for the salaried class Documents required during the application of Home Loans salaried professionals application and processing of home loans for the salaried class

Borrowers   think about taking a home loan the impression of making many rounds of the lending institution or bank is the picture created in our minds. Usually borrowers repel with the idea of convincing the authorities of their financial status and the capacity for repayment. But this is not always so. If a borrower can get prior information regarding the documents and procedure required for taking a home loan it would ease out many difficulties and also make the process of purchasing a home a more pleasant one. The salaried class are the ones which can get loans easily as they have their salary slips and work experience records that can help to show their financial standing in the society. Assurance of the required amount as salary is a important assurance for the financial institutions or private lenders to approve of the loan amount applied for.   People working for a company or government and getting regular monthly salary can be termed as salaried class. Preparing befor...