When you want to invest in real estate but you are not sure about the type of property, investing in a plot is the best option. And in a city like Gurgaon, where everyday hundreds of residential and commercial properties are promoted, a plot can anyday be a rewarding asset for you. You can build your own house on the plot as per your needs or sell it at a higher value after sometime. The value of a plot also keeps appreciating with time, much like other properties.

So, if you are considering a plot in Gurgaon to be your next investment, here are a few things to keep in mind.

Understand the Type of Plot

Plots are also categorized into residential and commercial purposes. While residential plots can be easily availed, it is the commercial plots that give you great returns. SCO Plots in Gurgaon are quite popular nowadays. Shop-cum-office (SCO) plots have been smartly designed to accommodate retail shops and office spaces in multiple floors as well as the rooftops. A standard design plot will be allotted to the buyers which they can later modify to create a shop that suits their particular needs. M3M SCO Plots in Sector 84 & Sector 113 in Gurgaon are good options if you are looking for SCO Plots.

Location is the Key

When buying any type of real estate, location of the property is the first and foremost thing to consider. When you set out to buy a piece of land, there will be a multitude of options. But you should choose a property that falls into your budget, matches your needs and solves the purpose of your investment. Some good areas in Gurgaon to purchase a plot would be Sector 83, Sector 84, Sector 113 and DLF Phase IV. You should choose a location that has good connectivity and is likely to witness infrastructure development in the coming time.

Know the Exact Size and Price of the Land

If you are looking forward to build your home or to open a shop in the plot of land purchased, you should look at how much area of the land will be available for actual utilization. For example, when you purchase a flat in an apartment project, the brochure shows the carpet area, built-up area, etc. So, with plots, you should look at how much built-up area is available for you to build your dream home. Next is the price of the land. Do not blindly purchase a piece of land just because it falls in your budget. Research about the price trends in the area and what would it be like a few years down the line.

Ensure Due Diligence

This is again one of the most important things to consider when buying a plot. If you are purchasing a SCO plot project from a builder, make sure that it has all the necessary approvals in place. For example, Raheja SCO Plots in Sector 83 & 84 are RERA registered and also compliant to other property laws in the country. No matter where you are purchasing the plot from, you must check for the following

  • Title Deed
  • Encumbrance Certificate
  • Local Body Approvals
  • Release Certificate from bank/NBFC
  • Property tax Compliant

Purchasing a plot in Gurgaon could be a great step if you wish to earn good returns on your investment as the city is continuously developing. So, consider the tips mentioned above and start with a smart investment.