Questions to ask your sales representative before buying a plot

Okay. So, you saw a plot and instantly felt it right. Now you have decided to buy it. What next? You can do a lot of research online and ask people for advice and suggestions all day! But no advice comes close to getting actual facts. In fact, you must include a series of questions as a part of your research. Are you wondering why you should do this and why sales representatives? Because a sales representative would be able to give you better clarity which will help you make an informed decision.

Here are a few must-ask questions to ask your sales representative before buying a plot. For the ease of understanding, we’ve broken it down into 4 parts. Property, Amenities, Finance and the neighborhood itself.

PAPERWORK

1. What legal documents will I be getting?

Documentation is a cardinal step of buying a plot. Ask your sales representative about the documents you will be receiving. Ideally, you should have a title deed, encumbrance certificate, original land deed, local approvals, etc. With Mantri KNS Carica, you will never have to worry about documentation as hassle-free and secured documentation is one of their top guarantees.

These questions will help you achieve a clearer picture of the plot and will, undoubtedly, help you in making a wiser decision! If you are planning to buy a plot and if you have any such queries in mind, feel free to reach out to us. We, at Mantri KNS Carica, aim at making the lives of our buyers easier through smooth transactions and better plots.

2. What is the Khata?

Always ask the sales representative about the Khata status. The Khata status reflects on the legal standing of the property. A Khata means that the property is compliant with all government regulations and property-related construction regulations in Bengaluru

3. What approvals are in place?

Always ask about the various approvals that are in place whether it is with the BBMP, BMRDA or any other regulatory authority so that you don’t have to face any ugly surprises when you go apply for loans, connections etc.

PROPERTY

1. Are the boundaries of my plot measured and marked?

You need to be sure about the actual size of the plot you are going to own. You must know whether the plots are separated with walls and whether the marking is done after proper measurement.

For instance, Mantri KNS Carica has 384 plots of different sizes spread across 22 acres of blooming terrain. This is one of the benefits of buying branded plots. You will never have to worry about the authenticity of dimensions. Mantri KNS Carica is a gated community that offers villa plots in three different sizes: Royale-1200 sq. ft, Grande-1500 sq. ft, and Elite- 2400 sq. ft.

2. What is the breakup of the final price?

You must have a clear understanding of what all you are paying for. For this, you must ask for a detailed breakup of the price of the plot. This must include the cost of utilities if anything is included, as well as charges for other services like parking spaces. It should also include the registration costs, tax amount payable, other legal charge

3. How long will it take to deliver the project?

In the case of Mantri KNS Carica, it is a single-phase project. The project is ready for delivery and buyers can construct their homes as quickly as they want to. It will be delivered on time as there are specific RERA guidelines that prohibit delays.

AMENITIES

1. What amenities come with the plot?

Amenities that come with a plot increase the value of the plot, especially if you are thinking of reselling the plot. Some plots might not even provide basic amenities and if they fail to mention the amenities, make sure you ask your sales representative about all the amenities that come with the plot.

Mantri KNS Carica comes with luxurious lifestyle amenities such as an amphitheatre, a wellness zone and a senior’s lounge. Besides that, the branded plot also has sewage treatment plants, black-topped roads, rainwater harvesting, underground cabling, a water supply system through overhead tanks, a security system with CCTV cameras, and a lot more. In short, this branded plot is just perfect for habitation, if you have any plan for the same.

2. Is the plot secure?

Security of a plot is important. Most plots come with no security or CCTV surveillance leading to theft or break-ins. Mantri KNS Carica has an effective security system with CCTV surveillance and an entrance Arch with Security.

3. Are there any payments for the property maintenance?

Yes, there are always payments for maintenance since the common areas need to be maintained. Clubhouses, parks, lighting etc are covered as a part of this. Always ask about the price break up.

FINANCE

1. What is the percentage of the loan and what would be the repayment period?

The percentage of the loan will be up to 70% and the repayment depends on the bank. However, it is usually 20 years, subject to construction within 2-5 years.

2. Which banks offer loans for this project?

With the branded plots like Mantri KNS Carica, it will be easier for the banks to understand the quality of the project as they have already done the due diligence. Brands often have tie ups with banks so that you can get loans processed faster.

3. What offers are running or expected in the future?

Brands often run offers during the festive season. There could also be launch offers, last unit offers etc. So always check for offers and discounts.

NEIGHBORHOOD

1. What does the social infrastructure of the plot look like?

Social infrastructure of a plot makes it more valuable and livable. In the case of Mantri KNS Carica, the social infrastructure is quite strong with a wide range of schools, colleges, hospitals, etc. Below are a few of them with the distance and time taken to get there from the plot:

Schools/Colleges

1. Rajarajeshwari Dental College/ Engineering College – 9.2 km, 18 mins
2. Don Bosco Institute of Technology – 10.7km, 22 mins
3. Christ University, Kengeri Campus – 12.4 km, 20 mins
4. Rajarajeshwari Dental College/ Engineering College – 9.2 km, 18 mins

Hospitals

1. Decathlon, Mysore Road-9.3km, 18 mins
2. Subhash Hospital – 15 km, 28mins
3. Rajarajeshwari Hospital – 9.2 km, 18 mins

Transport Hubs

1. Kempegowda Bus stop/Railway Stn. – 27km, 50 mins
2. KIAL – 70 km, 1hr 15 mins
3. Kengeri – 16 km, 30 mins

What is the potential for growth in the area?

Based on the social infrastructure and projects in the pipeline, always ask the representative about the appreciation rate that is expected over the next few years.

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