Is buying land a good investment?
A plot of land can offer better returns in the long term compared with built property, but purchasing it can be problematic if you are not vigilant.
AMIT SHANBAUG
For 32-year-old Sumana Chatterjee and her husband Sumitro Mukherjee, 33, it was a fruitful end to house hunting when they bought a plot of land in Vadodara, Gujarat. However, a few months after paying the full amount, the couple was shocked when they received a stop work notice from the court on the construction of their bungalow. “We found that there was another claimant for the land and that the property was under litigation,” says Chatterjee.
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Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, NCR, NCR Property Trend, Noida Tags: bungalow, buying land, buying plot, plot checklist, plot documents, plot of land, plot papers, power of attorney