For many of us, finding our dream home journey begins with buying residential plots. Even if it is not for building your home, buying residential plots is the top choice among real estate investors, and it is a wise financial move for life.

Toted as the Manchester of South India, Coimbatore has become a dream destination for many individuals. This metro city located close to prime cities has undergone rapid globalization in the past decades and is now flourishing with development in manufacturing, textile, and IT Sectors.

Just like how thorough research and consideration are required with all investments, buying plots also needs careful consideration. So, let's do our homework and understand the key factors to consider when buying a plot in Coimbatore!

Location:

Location, location, location! Yes, we can't emphasize enough how important it is to thoroughly research the location as it is the biggest factor that will directly impact your real estate property value. When you are going through prime locations in Coimbatore also think about its connectivity and available infrastructure.

Surrounding amenities:

Before buying a residential plot, sit down and clearly understand the civic amenities that your family will need. Some families with kids would love to stay near top schools in Coimbatore, while others, living with grandparents, might need to stay close to medical services. So when you buy a plot, make sure to ensure that it offers good amenities.

DTCP and RERA Approval:

DTCP ensures proper development and infrastructure while RERA protects buyer's interests, and ensures transparency, and accountability. Both these approvals are necessary to buy a secure residential plot in Coimbatore. To know more about these approvals, check out this article ”DTCP and RERA approved Plots in Coimbatore” and gain knowledge about this subject.

Research future developments:

When buying plots it is very important not just to see the current status of the location but also thoroughly understand what are the future developments coming up in that area. Infrastructural projects like road extension, and the building of flyovers directly impact the price of the land. In fact, buying land near the upcoming metro areas in Coimbatore is a smart move as it has a higher ROI.

Legally verify the property:

Once you have found your dream project, it is essential to legally verify all the documents with the help of a legal expert. Make sure to check all the approvals, licenses, and NOCs so that you can secure a safe property.

Clear title deed:

While you are checking the legal, make sure to check the title deed also. Verify the ownership chain by thoroughly searching the land records. See if there are any old conflicts on the land

Physically verify the plot:

A physical visit is a must for all sorts of real estate investments. Measure and see if the plot is the same area, just like it's mentioned in the documents. Make sure to double-check land use regulations and zoning laws in Coimbatore before the site visit, to understand it better.

Check plot value:

You need to know the current value of the plot to make a smart offer. Plus, it's also essential to compare property rates in nearby properties, and you can compare several property rates even via online portals like Coimbatoreproperty.com. This way when you negotiate the price you can be more confident and make a conscious purchase.

Buying plots in Coimbatore is the most sought-after real estate purchase, and it is a smart move regardless you are buying the residential plot for building your dream home in the future or buying land as a long-term investment. No matter what your goal is, make sure to be extra careful and thoroughly analyze the real estate market trends and then make a smart purchase.

Quick recap to why you should buy residential plots in Coimbatore

➣ Strategic location surrounded by prime metro cities

➣ Thriving IT hub and robust economy

➣ Popular industrial and manufacturing hub

➣ Affordable real estate option compared to other metro cities

➣ Green, and clean environment along with a desirable pleasant climate

➣ Presence of top schools, colleges, and hospitals.

➣ Rapidly upgrading infrastructure like roadways, highways, and flyovers

➣ Upcoming mass transportation projects like Metro

➣ Good return on investment and solid rental demand

➣ Popular tourist destination with a diverse community

What else? Make your savvy investment with the perfect land that has lucrative potential. If you are in search of such a plot, then without any further delay check out plots for sale in Coimbatore at Coimbatoreproperty.com, your trusted real estate portal with genuine verified property listings.