Many citizens have a dream to have their own house, but get confused about either buying a plot or buy an apartment. Taking all in the account, citizens prefer to buy a plot as it has an excellent investment opportunity and high marketing value.
Lahore dot Land always cares about its clients and asks them to consider the following point before purchasing a plot:
Clients should always go for on-ground plots. Clients should not make any business deal where land is not actually acquired.
Many developers and dealers sell the plots to a large number of clients in their planning stage, but unable to acquire the respective land equal to the clients.
Lahore dot Land advises avoiding stranded in such a situation. Clients should always check and verify the physical presence of the plot before making any business deals.
Location is one of the important elements in buying a plot. Firstly, and chiefly, the location should be easily accessible to or from eminent sites of Lahore. Clients should not be attracting to distanced locations for a cheap cost. Only good and easily accessible locations can give a high profit or marketing value. The cost or the market value of the plot mostly depends on the location.
Before buying a plot, clients should consider yearly rainfall, temperature, seasonal changes, and all the climatic factors of the area. These factors will help the client to get the idea of health conditions and required insulation while building a house. Lahore dot Land insists you check the climatic conditions of the area, where you are willing to buy a plot.
Bushfires and Floods
Clients should consider the potential risk of fire and flooding while buying a plot. Clients willing to buy a plot around a canal or crops should consider these factors.
Lahore dot Land always advises you to buy a plot only at Lahore Development Authority (LDA) approved societies.
Soil Quality and Composition
Clients should check the soil quality and composition to estimate the cost for building foundations, and stability, and land retention. Buying a plot with saline soil is actually a waste of investment.
Plot with saline soil is not recommended to build a house as there is always a threat of collapse. Lahore dot land insists you analyze the soil quality and composition before buying a plot.
Marketing Value of the Plot
The first step of investment is that do not to buy a plot in hurry, no matter how much the deal is attractive. Clients are advised to think freely, take the time, do research, and carefully observe all aspects before purchasing a plot. Clients can easily consult the Lahore dot Land for better decision making in buy or investing in a plot. Don’t buy a plot in an area that lacks marketing value.
Clients should carefully check the zone of the plot. It is not allowed to build a commercial site in a residential zone and vice versa. Lahore dot Land advises you to verify the zone before buying any plot.
If clients are interested to buy the plot for residential purposes, then buy in the residential zone and if the clients are interested to buy a plot for commercial purposes, then buy in the commercial zone.
Buying a plot for commercial purposes in the residential area and vice versa could be demolished by Lahore Development Authority (LDA) at any time.
The area of the plot has a significant impact in order to establish a dream home according to your family size. The client should carefully check the area of the plot in Marla as well as in square feet (ft²).
The standard size of Marla in Lahore District is 225 ft²; however, in some countryside areas, the size of Marla is 272 ft². Don’t let anyone to sell you less than 225 ft² for Marla.
Always measure the plot in ft², if the plot is less than 225 ft² don’t mention it Marla but mention in ft². Selling a plot less than 225 ft² and mention it as Marla is also illegal.
Clients should carefully check that grocery store, market, school, college, universities, parks, parking site, hospitals, fueling stations and other amenities of life should be present in the vicinity of the plot.
In addition, these facilities add value to the plot. Lahore dot Land advises you to consider above stated facilities while purchasing a property. Facility enriched location can give a high profit or marketing value. The cost or the market value of the plot also depends on the facilities enriched location.
Clients should also check the area has water and natural gas pipelines, roads, sewerage systems, and electricity, telephone, and broadband cables.
Lahore dot Land advises its clients to always buy a plot with above stated utilities. Utilities enriched location can give a high profit or marketing value.
The cost or the market value of the plot also depends on the utility’s enriched location.
Clients should always buy a plot in societies with proper security services. No one should dare to occupy your land; the client’s investment should always be protected.
Lahore dot Land advises you to buy a plot in safe and secure societies. Always check and verify Lahore Development Authority (LDA) approved societies to buy a plot.
Don’t go for a cheap deal, and don’t lose your investment and plot. Always avoid Lahore Development Authority (LDA) non-approved societies.
Full Cash Payment
Clients should take possession of the plot in time by paying the full cash rather than buying it in installments.
By choosing an installment plan clients could lose the desired location for the plot, as many builders have the legal right to alter the map.
Lahore dot Land asserts to buy a plot for full cash payment and get possession as soon as possible.
Clients should be aware that the plot shouldn’t be under any litigation or embroiled in issues. Lahore dot Land recommends carefully observe and check the seller, for his earlier, present, and forthcoming business deals and projects.
Lahore dot Land advises you to make business deals only with a creditable and reliable seller.
Title Deed Authentication
Clients should carefully check that the seller owns the property or has proper rights to the property. Lahore dot Land insists you carefully check the title deed for the seller’s name and rights to sell the property.
Don’t make any deal with a seller who claims to a relative of the owner, or pretend to be the owner, to avoid the fraud.
LDA Approved Plot
Clients should carefully check that the plot is approved by Lahore Development Authority (LDA). Does the residential plot have proper rights or a No Objection Certificate (NOC) issued by Lahore Development Authority (LDA)? Lahore dot Land advises to not go for LDA non-approved cheap deals. Clients should verify the plot status from Lahore Development Authority (LDA) office before making any business deal.
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