BUY
LAND IN PATNA AFTER PROPER DUE DILLIGENCE
!!!
Checklist for purchasing land in
Patna:-
1) Measure the land, appoint an AMIN. Just do not
go by papers.
2) Establish the boundary on all four sides of
land; shimana OR chauhadi and mark the boundary physically
after paying token amount.
3)
Obtain Thana, Khata and Khasra numbers and check it on line
at http://www.bhumijankari.gov.in/
4) Get the source of Title examined by your
lawyer.
5) Check the rent receipt and name on
it.
6) If land title is herediatry, obtain
Khatiyaan and certified
Vanshavali
7) Examine LPC ( land possession
certificate).
8) Ask the seller for
Non- Encumbrance Certificate.
9) Due diligence of
neighborhood; specially if you are investing and have no plans to
carry any activity on the land in near future.
LAND FOR
SALE IN PATNA.
30 years ago in 1989 Mr. Thakur bought a plot in
Patna. In fact at that time Patnaites
bought land in Patna as properties.
Flat’s culture was just creeping in. To buy plot in
Patna Mr. Thakur paid almost Rs.30, 000/-
for 2 katthas of land in Patna.
The residential plot in Patna that he
purchased 30 years ago is now worth Rs. 1, 25, 00,000. It is
a residential plot in Patna only on a 16
feet wide road. Across all asset classes, this return is
respectable, especially in one of the most economic backward
regions of the world.
Today if anyone wants to buy plot in
Patna and desires to reap in returns after 30 years
or so, one needs to dispense at least Rs. 300000 to Rs.500000 per
kattha. Just buy land in Patna and you
will never be in loss is a common local saying. Why is it said so?
The foremost reason is that still Bihar is an agrarian economy.
Industries are absent in Bihar. Secondly, land for
sale in Patna is rare as Biharis part away with land
and gold as last desperate economic act. It does not mean that
residential plots for sale in Patna are not available. In fact
developers in Patna buy residential plot in
Patna mostly in wedding season, when the farmer is
desperate for CASH.
No doubts plots for sale in Patna
Bihar are always available but if
you buy residential plot in Patnathrough a
developer, you buy at premium. Now the question arises how a common
Bihari finds plot for sale in Patna
Bihar?
Apart from buying plot in Patna from
developers in Patna, one can buy land in
Patna through real estate agents in Patna and also
one can buy plot in Patna on Patna’s
No.1 property website www.buysellrentpatna.in.
If you want to buy residential plot in
Patna, you need to be very particular about the due
diligence of land sell in
Patna. Land plot for sale in
Patna can sometimes be tricky
propositions. Land for sale in Patna
Bihar can be in legal tangles.
Therefore plot for sale in Patna need to
be verified on all accounts.Residential plot for sale in
Patna should be bought through reliable
intermediaries or sources. Well established reputed real estate
agents and our real estate website carry necessary checks in detail
to help customers buy residential plot in Patna.
Another challenge to buy land in
Patna is PRICE. How do you decide upon the price
before you buy plot in Patna. The price
of residential plot in Patna depends on
case to case basis rather than on any benchmark. If
you buy plot in Patna from a developer
than you know the advertised price of the developer. Even in this
case one need to negotiate hard from the developer before you buy
land in Patna. You can save as much as 30% to 50% on
your residential plot in
Patna. One more catch in
buying plot in Patna from developers in
Patna is that they have residential plot for sale in
Patna of 1200 sq.ft whereas one kattha in Patna is
1361 sq.ft. Tobuy land in Patna you need to
master your negotiation skills a lot. The more you succeed in
bringing your purchase price of residential plot in
Patna down, the more you gain as investor.
One and half Kattha to two and half kattha plot in
Patna is ideal for a middle class to build a house in
Patna.Land for sale in Patna therefore should
also be bought according to need of buyer. If you buy
residential plot in Patna to build a house, remember
your complete budget; cost of plot in
Patna and construction.
Remember land sell in Patna is carried out as last resort. And most
of the times the seller needs money for a medical urgency or
marriage. At times it is to buy another land plot in
Patna. You might come across land for sale in
Patna Bihar by investors too; when they need to exit.
For a buyer it is must to know as well as understand the reason for
land sell in Patna.
Why is residential plot for sale
in Patna?
It is a question which determines not only the price of land for
sale in Patna Bihar but also terms of payment. Most sellers would
like to evade the question, do not try to embarrass them but try to
find it out through sources the reason for land sell in
Patna.
Another point to consider about the land for sale in
Patna Bihar is its distance from nearest village.
Land plot in Patna should be far from village. Villagers influence
development near their villages, therefore it is better land for
sale in Patna Bihar be away from their influence. It also helps in
taking possession of land for sale in Patna.
Roads play an important role in land sell in Patna. In fact roads
influence the price of land for sale in Patna the most. The width
of road on land for sale in Patna is important as it determines the
FAR (floor area ratio of construction). Another important aspect
related to it is frontage of plot for sale in Patna on the road. A
very narrow frontage of plot for sale in Patna is deterministic in
construction as well as re- sale of land plot in Patna. The ideal
plot for sale in Patna Bihar should be rectangular with a ratio
between length and width of 1: 1.65. No doubt such ideal
ratio for plot for sale in Patna Bihar is very rare. But one should
go for fetching a plot for sale in Patna Bihar as near to it as
possible.
To purchase residential plot for sale in
Patna it is best to be ready always and buy
residential plot for sale in Patna when the right opportunity
appears. Buyers of land plot in Patna, especially investors in land
in Patna need to have a check list for buying buy residential plot
for sale in Patna. Location, price and surroundings are a must in
the checklist to buy residential plot for sale in Patna.
Land plot in Patna for end users is all the more important because
it is one big and in most cases final step for them as far as real
estate in Patna is involved. Therefore land plot in Patna need not
only be found but the whereabouts of land plot in Patna must be
researched.
