When buying a real estate plot, consider the location, zoning regulations, access to utilities like water and electricity, nearby infrastructure like schools and hospitals, the credibility of the developer, and clear title ownership. It’s important to ensure the plot is free from legal disputes and is in a growth zone for better appreciation.

Essential documents for purchasing a plot include the sale deed, land title, tax receipts, encumbrance certificate, and property layout plan. Additionally, ensure the land is approved by the local authority and has clear ownership history. Legal advice is recommended to verify the authenticity of all documents.

You can finance the purchase of a plot through a land loan from banks or financial institutions. The eligibility for a land loan depends on your income, credit score, and the plot’s location. Interest rates for land loans may vary, and you typically need to make a down payment of 20-30% of the plot’s value.

Investing in plots can be a profitable long-term investment, especially in areas with development potential. Land appreciates over time, and there are no depreciation concerns as with buildings. However, it requires thorough research on location, future growth prospects, and legal clearances to ensure a safe and lucrative investment.

Agricultural land is used for farming and agricultural activities, while non-agricultural (NA) land is earmarked for construction and urban development, such as residential or commercial buildings. If you’re purchasing a plot for development, ensure it’s classified as non-agricultural and has proper approvals from the local authorities.