Tips for Buying a Plot of Land in India: Assessing Potential and Legalities

Ans: Yes, some common risks include nuclear ownership, legal disputes, encroachments, or non-compliance with regulations. 

Ans: Yes, some common risks include nuclear ownership, legal disputes, encroachments, or non-compliance with regulations. 

Ans: The main things to look at are the location, whether you can use the land how you want, confirming true ownership, future growth plans nearby, having good roads/amenities close by, and your budget.

Ans: Research if that area is developing fast, check municipal plans for new projects, compare prices of similar lands, and consider accessibility, infrastructure like power/water, and if demand will increase.

Ans: Legal documents are land ownership deed, no-loan certificate, property tax receipts, approved site map, and sale agreement from the seller.

Ans: Check ownership records at the local land registry office, see if any disputes or loans are pending on the property, and confirm complete history of previous owners.

Ans: Yes, check the area's master plan and zoning laws to see if that plot can be used for residential, commercial or agricultural purposes as per your plan.

Ans: You'll have to pay stamp duty, registration charges, and potentially capital gains tax when selling later. Best to consult a tax expert.