One of the most preferred investments today is undoubtedly land! However, with the soaring land prices across Hyderabad, you have to be careful and ensure certain things. While you can’t control the rising land prices, you can make sure you make all the other moves smartly!
Your loyal friends at Celebrity Prime understand the labor, hard work, and stress that come with the decision to buy a plot. We are here to tell you what not to do and what to do while buying a plot in Hyderabad. Let’s begin!
DON’T buy without verifying the plot!
With infrastructure developments and government initiatives, the city is growing and prospering fast, inviting a lot of land purchases. However, not many realize the importance of checking the legality of a plot while planning to purchase.
One of the safest options is to find an HMDA plot. But before you start looking up HMDA plots for sale on the internet, here’s a summary:
HMDA plots:
HMDA (Hyderabad Metropolitan Development Authority) is a trusted urban planning agency covering various districts like Hyderabad, Siddipet, Medak, Sangareddy, Bhuvanagiri, and Rangareddy district. It is set up for supervising, coordination, planning, securing, and promoting the Hyderabad Metropolitan Region.
Celebrity Prime offers the best HMDA plots for sale in Hyderabad. With HMDA approval, we also provide RERA (Real Estate Regulatory) registration number.
DON’T go for an unapproved layout!
If a plot’s layout isn’t registered with TS RERA, walk away! Instead, choose a plot with its layout registered with the TS RERA under RERA Act 2016, and that will ensure that it has all the relevant and necessary approvals.
It’s your hard-earned money, and you should be extra careful while investing. Therefore, you must ensure the plot’s layout is HMDA approved under sections 19 and 20 of the HMDA Act 2008.
You can come across people who invested in plot layouts that aren’t approved. However, such HMDA plots with an unauthorized layout can bring trouble. Under the HMDA act 2008 (section 23), these plot layouts can be illegal and liable for auction.
More do’s and don’ts
- As a buyer, you should take the time to understand, check, and verify the plot. Never take decisions in a hurry, especially when it comes to land, as there’s more at stake than you think.
- Don’t let piles of papers overwhelm you! Instead, seek advice from experts and read every piece of documents carefully.
- Check the financial institutes and/or banks offering financial assistance on the plot. Go through their documents as well as the terms and conditions carefully and make sure you don’t end up giving back way more than you thought.
- Check the locality personally as brochures or visual aids can be misleading.
- Try to avoid panchayat layouts; instead, choose HMDA approved plot layouts.
- If it’s a gated community, make sure that the amenities, such as drainage, water, pool, clubhouse, electricity, etc., are developed by its builder.
- Make sure that the plot layout follows the current HMDA layout approved rules. It should include mandatory open spaces, roads minimum 40 feet, and ten houses or plots in an acre, among other rules.
- Ensure the core area’s master plans are notified and available at the GHMC/HMDA office.
Celebrity Prime offers the best HMDA plots for sale in Tukkuguda and various parts of Hyderabad. To know more, contact us.
