Many young professionals in India are quitting their lucrative jobs and more passionate to become agripreneurs. This is because of the love and respect towards the mother earth. Buying agriculture land in Andhra Pradesh has become a norm among many young individuals and considered as a worthy possession. There is a plethora of reasonable Agriculture Land for Sale in Andhra Pradesh. There is even flexibility of cultivating any commodities based on the land size and location. It is not as buying a mobile in the market. Being cautious while buying agricultural land can make you win profits. Pahani, a committed real estate portal can help in the process for a smooth and successful journey.
Listed below are 7 checklists you need to check before buying a land in India.
Approvals, Verification and Licences
Regardless of the location and size of the land, it is mandatory to go through all the paperwork. It is sometimes a different ball game and a nightmare for the buyers. In fact, this has become a necessity. You need to take care of the following documents before signing an agreement.
Title deed: Check whether the land belongs to the correct landowner. Prior to buying land, Confirm whether the buyer can sell the agricultural land. Visit the location once and talk with the present landowner rather than the dealer.
Sale deed: It is an important document that acts as primary legal evidence. This shows the transfer of land ownership. It executes between two subsequent parties - buyer and seller. This document says, on whose name the land belongs to.
Release certificate: Ensure that the bank you are approaching give the release certificate stating that they are no outstanding loans or cleared all the dues.
Encumbrance certificate: Another certificate to add in your bucket list, is encumbrance certificate which states that all transactions done in the particular survey number are a hassle-free.
Property tax: If you’re buying an agriculture land in a resale agreement, then it is vital to ask all the previous tax bills amidst the other bills with the seller. This way, you can make sure they are no pending bills.
Local approvals: Consult the local authorities before buying the land and get the no-due certificate. Local bodies have to approve the land before selling and buying.
Agriculture land for sale in Vijayawada has all the approvals from the local authorities. If you still want the specifications, you can visit Pahani and get their help.
Verify about the landowner: The land you want to possess can be under litigation. Hence, it is better to verify the land thoroughly. If there are any past and present projects undertaken, ask the buyers about the reviews of the land they bought. That is the reason I recommend contacting Pahani, which is a trustworthy real estate agent.
Smart points to remember
The sole purpose of buying land is to have capital gains from it. Hence, it is important to understand and determine the financial landscape.
Do good research and invest in the land which has a better value and appreciates as time passes by. Therefore, it is essential to evaluate the potential ROI and invest wisely.
In case of insufficient funds availability, You can always find the better banks to get the loans. For instance, after completing the land verification and getting the approvals, you liked the land and want to invest but it is going beyond your budget. In such a situation find a better bank to fund which offers the lowest rate of interest.
It is the best option to contact a nearest mortgage broker who has a good record from previous deals and talk to him about your requirement of lowest mortgage rate in Toronto.
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