Many people have a dream of owning a house one day in the future. It not only gives a feeling of pride and satisfaction, but it is also a great form of investment in real estate. If you are looking to buy property in property in Mysore or Plot in Mysore, there are certain things you need to consider before making the deal.
Licenses and Approvals
A lot of documentation and paperwork is involved in the process of buying a property. You need to collect the following documents to make the process easy –
MUDA Approval:
While buying a residential site for sale in Mysore, you need to have make sure the layout or plot is approved by MUDA (Mysore Urban Development Authority)
RERA:
Before you book a plot, you should make sure the project your buying is approved RERA (Real Estate Regulatory Authority) to make sure your interests as a buyer is protected.
NOC:
You should always check if your project has received No Objection Certificate from all the concerned authorities before you purchase the plot.
Keep an Estimate of the Total Cost
In many cases the amount told by the seller only contains the basic price or land cost additional charges like registration and unofficial expenses aren’t usually mentioned so keep in mind these charges while calculating the final cost.
Do Proper Verification of the Builder
It is essential to verify the builder of the property in an extensive manner. You can take the help of real estate communities and do the verification of the previous projects by that builder.
You are now aware of the factors you need to keep in mind before purchasing any property. If you are looking to buy any site for sale in Mysore, contact the team of Rai Estates. We are the leading property developers in Mysore since last two decades.
