We all have a dream of building our own independent home, designed with our favourite interiors, aesthetics, and everything we envision. The rising prices of residential places are making it difficult to bring that dream to reality. But worry not, G Square Urbanize residential plots offer the best location for a home in Saravanampatti, the growing suburb of Coimbatore.
If you are looking to invest in Saravanampatti Real Estate, let’s look further in this plot selection guide where we will look at what factors should be considered and how residential plots offered by G Square Urbanize can fulfil your dreams of owning an independent home.
Looking to Invest in Saravanampatti Real Estate? Key Things to Know
Before purchasing the residential plots, you should conduct a full analysis of the area and other specifications to help you make the right decision. Once satisfied with the first level check you can further check the following factors to ensure your investment in residential plots is a fruitful one.
Identity verification of the Seller
It is important to ensure that the seller is the legitimate owner and has the seller’s authority and rights. Check for identity and other essential proofs to cross-verify the details and avoid fraudulent transactions.
Document Verification
The documents of the residential plots should be correct and complete. You need to examine all the relevant documents like title deeds, encumbrance certificates, property tax receipts, no objection certificates and possession certificates. It is good to have a legal advisor who is an expert in property laws to scrutinise the paperwork and identify any discrepancies or potential legal issues. Here are the documents that must be verified to avoid legal hassles later:
- The Mother Deed: This is the main document that shows the property’s ownership history and provides details of past owners.
- Power of Attorney: If the seller is not the owner, they must have a Power of Attorney (POA) that offers proof they are legally authorized to sell the property.
- Sales Deed: This legal document records the transfer of ownership from the seller to the buyer. You can get it validated at the sub-registrar’s office.
- Encumbrance Certificate: This document lists all registered transactions related to the property. It confirms that the property is free from any legal or financial issues and has a clear title.
Check the Floor Space Index (FSI)
FSI determines the ratio of the total built-up area allowed on a plot of land to the total area of the plot area. FSI is the floor space index and refers to the maximum area permitted to the builder to construct on any given piece of land area. It is a parameter that is used to regulate the density and intensity of development of a particular area.
Check Conversions and Land Use Approvals
Always be sure the land you are purchasing has the necessary permits that allow for conversion from agricultural to non-agricultural usage. In order to ensure that the land is legally suitable for construction, this verification is essential.
Check Construction Approvals
Before purchasing make a note to examine whether the land has obtained the necessary building permits from the local government. Government-issued building permits make it possible to install essential facilities including parks, sewage treatment, drainage systems, electricity, and water. Check for if there are no obstacles on the property because sometimes getting building permits might be difficult.
Check Land Connectivity
To have the accessibility to major roadways, highways, and public transportation systems is important. The connectivity is important and appreciates the property value apart from making it a lucrative investment.
Physical Verification
A physical verification of the residential plots has to be done before purchasing. Make a note to verify the boundaries, topography, soil quality and any potential environmental concerns. This helps you to make a well-informed decision and visualise your project better.
Maintenance Requirements
Many properties have maintenance fees or community charges that you may be obligated to pay after purchasing the property. Check whether the land is part of a residential society or a development project. And check for any hidden clauses or charges.
Why Choose G Square Urbanize Residential Plots?
The recent trends indicate that the Saravanampatti real estate scenario is garnering a lot of investment attention and can become the next hot spot. G Square Urbanize is located near key IT hubs, offers high growth potential for tech professionals and is a safe haven for your family. You can have ease of access to essential services, recreational facilities, and a thriving community atmosphere.
- 24 residential plots spread over 1.20 acres.
- 2 mins from SRP Mills Bus stop.
- 5 mins from Prozone mall.
- 1 year of free maintenance.
- 24×7 CCTV surveillance.
- Perfect legal documentation.
- Ready-to-construct villa plot community.
- Well-laid blacktop internal roads with street lights.
- G Square Build Assist: Post-Purchase Guidance for Easy Villa Construction.
FAQ on Buying Residential Plots in Saravanampatti, Coimbatore
- Why is Saravanampatti a good location to buy residential plots?
Saravanampatti is a growing suburb of Coimbatore and has good connectivity and proximity to major IT hubs and essential services. It is one of the fastest-growing areas with residential plots for sale making it a rewarding investment opportunity. G Square Urbanize offers residential plots at prices not to miss and hence the chance to make your dream home.
- What are the key factors to consider before purchasing residential plots in Saravanampatti?
Before purchasing a plot you should consider factors like location, accessibility to essential services, future development plans, and the surrounding infrastructure if it is suitable for residential purposes or not.
- How do I check if the plot is legally approved?
The valid title deed and the approvals from the government authorities are necessary for it to be ready to occupy. Check the documents like the layout plan, land use certificate, and Encumbrance Certificate to ensure the plot is not in any dispute.
