Currently there are many forms of investments in the world and it is the joy of everyone to invest his/her hard earned money the right way and getting good returns from that investment. Real estate is a good form of investment. Even so, one has to be very careful because cases of fake property in real estate are on the rise and one can lose a lot money to these fake non-existing property which can be traumatizing.
Some of the factors to consider when buying property like real estate, real estate projects in Jaipur will include the following;
Confirm that the person selling the property is the real owner of that property. This is to avoid cases of coning because if the person is not the real owner you will definitely lose your money. Another thing is making sure that the land allotted for either housing or development of flats has been approved by Jaipur Development Authority. In if it has not been approved it will be a disadvantage because you will be deprived some benefits such as reselling, permission of construction of a building, proper supply of water, proper roads and even proper sewage system.
It is also advisable to hire a professional lawyer who will check the property papers. The lawyer will check for important information like the title of the property, whether it has been approved by Jaipur Development Authority or if it has been used as a collateral for a loan. Its registration is also checked from the registrar office.
Another issue is making sure that the property you are intending to buy does not have any legal dues. This can be confirmed by getting an encumbrance certificate from sub registrar office. The certificate will show if there are any legal complaints regarding the property.
It is also advisable to assess if the property has the required infrastructure. Determine if it is ideal to be used for residential purposes and also confirm that the master plan has been approved by Jaipur Development Authority.
