Yay! You finally found the land of your dreams. You bought it! You are feeling content. But what now? Are you clueless or are you confused? Either way, we have solutions. There are three possible scenarios to be considered in this case, i.e, you could possibly do three things(or more) with your newly bought plot. Let us consider each scenario separately.
Scenario 1: You bought a plot and you want to keep it as it is.
As long as you are not buying a plot with a loan, all you have to do if you want to keep the plot as it is, is to just pay the tax. Land is a lucrative investment and the plots are the best choice to go for in the current market.
Scenario 2: You bought a plot and you want to construct something in it
If you intend to build something on your plotted development, there are several procedures to keep in mind. Documentation is one of the prominent things among all others. Below are the documents you must possess as they will be asked during the building plan sanction or approval process in Karnataka.
- The title deed of the plot
- Foundation certificate
- NOC from all relevant authorities – BDA, BWSSM, ULC, BESCOM, etc
- Detailed Site plan
- Latest Tax receipts
- Encumbrance certificate
- Revenue sketch
- Latest Khata certificate
- Indemnity Body and Affidavit – under the Karnataka Urban Land Act 1976.
- Building plan/Layout plan
This is why people go with branded plots. For example, hassle-free and secure documentation is one of the top promises guaranteed by KNS Carica.
Scenario 3: You bought a plot and you want to resell it
Selling your plot won’t be a troublesome job if it is a KNS Carica plot as they are BMRDA approved plots. However, you might have to keep the below documents ready if you are planning to sell your plot.
- Letter of allotment
- Sale deed
- Sanctioned plan
- Society documents
- Encumbrance certificate
- Sale agreement
Plotted developments are the future of real estate investments due to many reasons. They are low-maintenance, cost-effective, and risk-free. However, these guarantees only follow if you are investing in plotted developments like Mantri KNS Carica. We intend to safeguard your interests first. That’s why we ensure secure and hassle-free documentation. Our branded BMRDA plots at Kengeri, off Mysore Road is a wise investment that will help you build better tomorrow.