A Beginners Guide to Investment in Plots

Are you looking for profitable areas in and around Chennai? Well, Chennai, happens to be one of the fast-growing cities in the entire country. Given the presence of so many IT industries and renowned MNCs here, no wonder that there is always a demand for plots here. However, if you are struggling to get hold of affordable properties here, make sure to check out the plots for sale in Padappai. 

You can come across many types of real estate lands and properties in Chennai. But selecting the best one according to your requirements can be a tricky job. Hence, here is an expert guide about how to choose the land in Padappai for better investment plans: 
Check the reputation of the owner 

The first thing you need to check about the area would be the reputation of the seller in the market. You need to be sure that the owner actually owns the property. Although you might love the property, but yet you need to be assured regarding the ownership of the land before closing the deal. 
FSI of the plots for sale in Padappai 

The next thing that you might need to check would be the floor space index of the plot available for sale. The floor space index provides you with the idea of the prospects of the land in terms of construction work. That means, if the FSI is lower for a specific location and you procure a large plot, you won’t be able to carry construction much on that area. Therefore, to avoid such confusion, make sure to check out this aspect of the land in Padappai before investment.  
Availability of Non-Agricultural (NA) Order 

In general, the plots available for sale in India happens to be agricultural land. It becomes available for other purposes only when the government has enlisted them for other uses. That is the reason why you need to look for the non-agricultural order for the plots for sale in Padappai.  

Only the non-agricultural lands would be available for commercial uses like the companies, warehouses, residential purposes, etc. Hence, if you are going to invest in such areas for commercial purposes, make sure to acquire the necessary order for the same.  
History of the plot available for sale 

Another thing to consider before investing in any plots would be the history of the same. You need to be clear about where you are going to invest your money for future uses. Hence, make sure to know the details of the plots and their past events toa void any mishaps later. 
Availability of basic amenities 

You might consider the availability of basic amenities while purchasing the plots for sale in Padappai. That is because, in case you want to set up a residential property on the land, you must be able to get the basic amenities properly. Right from transportation to the presence of schools and hospitals, make sure to choose all these details thoroughly.

Prices of the plots for sale in Padappai 

The prices of any properties vary from one place to another. There are specific factors that govern the fluctuations in the costs of the lands available in the market. These factors include: 

• The location of the plot 
• Presence of RERA approval for the plots 
• The adjoining areas of the plots 
• Area of the plot 
• Government tax considerations, etc. 

Studying these factors help you to understand these changes in the prices of the plots available for sale in Padappai. Also, make sure to check the paperwork thoroughly before closing the deal to avoid any confusion later.