Mohali is fast becoming one of the most sought-after locations for home buyers in North India. As buying a property is often a life-changing decision, you need to apply a lot of thought before buying a plot for sale mohali. But don’t worry! Here, we will tell you about the things to look for, so that you can make the perfect choice among plots in mohali for sale.
You will get a lot of options. If investment is in your agenda then it is a good decision to buy plots as these are known to score over other types of property, when it comes to returns on investment.
Here are some key points you must have in mind before making out a purchase decision.
Location of the plot
While purchasing a plot for sale in mohali, you should choose a location depending on its proximity to important areas in the city. Do not go for those low-priced lands in far-flung areas, with least development around.
Assess the value of the plot correctly
Have a proper check on the present value of the land as well as assess the probable resale value in future, before you buy plots in mohali . Do your research and consult an expert to determine the correct value rather than jumping on any decision that seems apparently cheaper to you. After getting your homework done, you will be in a better position to negotiate with the seller.
Decide on the size of the plot
If you intend to live in the plot on a later date, we would advise you to first understand your actual requirement. You need to determine how much land area ( built-up area) you will need to construct your dream home on the plot in future. Make a decision on your exact requirement accordingly, before you buy a plot.
Who is the developer or the builder?
You need to have a cross-verification on the background and reputation of the seller or the builder beforehand. Don’t get lured by misleading or unrealistic offers by builders promoting plots in mohali. Verify whether the plot for sale mohali is under any litigation or has any other issues attached to it.
Check for necessary approvals from the local body
Have a thorough check on whether the plot or for that matter, the entire layout has proper approval from the City Development Corporation and the concerned local body or not. Ask the necessary documents from the promoter and if possible, get those vetted by a lawyer. Also determine, whether or not the plot has the necessary infrastructure to build your home, with no issues related to the right-of-way.
The Bottomline
Mohali has the potential to become the next real estate destination after Chandigarh in near future. With the establishment of reputed educational institutions, Mohali has transformed into a knowledge hub. This, along with other growth stimulators such as flattering connectivity to other big cities in North India and presence of global companies has also prompted people to settle in this economically growing city. There is also a high probability of capital appreciation and increase in real estate value in near future in Mohali. Hence, it’s the perfect time to invest in plots in mohali.
Wave Estate is a mega project at the central location of Sector 85 and 99 ,which is offering plot for sale in mohali ,at affordable prices starting from Rs 32 lacs. For more details about plots in mohali, call on 1800 121 8585
