Points to remember while buying LDA approved plots in Lucknow
Investing in plots smartly and carefully is a key to secure future and risk-free project management. Specifically, when it comes to buying LDA-approved plots in Lucknow, following the proper procedure is advisable for all investors. If you think it is easy to lock in the deal or sign an agreement with the seller, then, it’s time to get familiar with the important points of consideration. To start with, conducting thorough due diligence while investing in the LDA-approved plots is a must. However, it is also essential to check the eligibility criteria set by the government while searching for the plot approved by LDA. Let’s take a look at the checklist that needs to be checked while buying LDA approved plot.
You must be 18+ while planning to purchase LDA approved plot.
In terms of eligibility, you must be more than 18 years old, an Indian citizen and must not own a property in Lucknow while purchasing LDA-approved plots in Lucknow. It is ideal to get familiar with the housing scheme of Lucknow. This also implies different plot sizes, their price, and the criteria they fall into should be properly understood.
Plot verification should not be overlooked
It is advisable to check the legality of the plot and the seller’s record in the market before actually investing in the LDA approved plot. Apart from this, the plot should be free of encumbrance or disputes related to the land. To authenticate this fact, it is important to obtain encumbrance certificate while navigating the process of buying LDA approved plot.
Zoning laws should be checked along with the land use guidelines
As a part of land use and local zoning laws, the land use classification must be verified initially. For instance, whether the land is suitable for agricultural, residential, or commercial purposes, this fact must be checked. The LDA sets specific zoning laws and regulations which need to be followed by the buyer. Hence, checking the land use and zoning laws will help you in avoiding future complications.
Furthermore, the land records should be verified by the local revenue officer. Alternatively, the accuracy of the advertisement and the actual plot dimensions must be matched before investment. In this process of land verification and evaluation, the survey number should also be checked.
Approvals and clearances
The local authorities should be checked with to ensure necessary approvals and clearances related to land. Additionally, the pending government acquisition notices or public litigation should be checked while looking up for the best LDA approved plots in Lucknow.
Pricing and market value of the plot
In order to ascertain that you are paying the right price according the market value of the plot, it is important to compare its price with the other properties. Apart from the market value, the future development prospects should also be checked to understand the impact on the property.
Application and registration
To complete the application and registration process for the LDA approved land, you must obtain the application form from the LDA office. You can also download it from the website and attach four copies of the payment receipt to it. As a next step, the registration amount should be paid along with the bank draft that has been approved by the authorized official. When these steps are completed, the filled application, registration amount, as well as the approved bank draft, should be submitted. After this, the fourth payment receipt should be kept for future reference.
Find an easy way out, make LDA plots investment in Lucknow, efficient and simplified with Agrasheel Infratech
The above-mentioned steps related to the purchase of LDA-approved plots based in Lucknow may seem complicated. Well, you might be partially correct, but, partnering with Agrasheel Infratech will help you in making documentation, simplified. We are a team of experienced real estate developers who help you find the verified plot and the right size that matches your requirements. You can count on our professionals and buy LDA plots at affordable rates. Interestingly, our flagship project, Aashrayam is one of the stellar properties that will elevate your modern lifestyle. Excited to explore this township and want to request detailed information about the project? Reach out to us at [email protected] and start your journey to buy an LDA plot in Lucknow.
