Owning a plot or property in one the IT hubs of our nation is a big dream for most of us. The major IT hubs in our country are Noida, Bangalore, Hyderabad, Cochin, Chennai, Mumbai, etc.
The property market of these places is expanding each year. IT professionals are ready to invest a reasonable amount to buy properties in these places. It is because they are having to spend a big amount every year as rent as the biggest expense.
As banks are providing home loans with reasonable interest rates and with easy repayment facilities, most of the people working in such fields are buying properties and plots of their own. The residential plots in Noida are situated very near to the IT parks and office premises. So the employees just take an average of 10 – 15 minutes to reach their workspace.
The properties or plots located close to IT cities will be much costlier. If you do not have a timid budget then you can select those properties without any hassles. Since the price of such plots is getting increased at a faster rate, it will be a better investment in future too. If you are planning to construct a home or apartment, then it is better to buy plots which are located two to five kilometres away from the IT areas. Most of such plots will be much cheaper when compared to closer localities. These types of plots are suitable to middle class people. Majority of the property in Noida are located few kilometres away from core IT areas. The main advantage is that, the employees working in those IT parks just need a few minutes to reach their workplace.
Even though majority of IT hubs in our country are very much developed, but still there are some places which are not as developed. Interestingly such places are nearer to the core IT complexes. It may be due to many reasons like ongoing cases with government, transportation issues, etc. that the infrastructure is in its developing stage. In such places properties will be available at cheaper rates.
While buying any kind of plots or properties you need be mindful of whether there are any problems or court cases or controversies regarding the property. Documents such as receipt of taxes paid, land certificate, encumbrance certificate, no objection certificate from banks if the property is pledged, agreement letter, registration details, details regarding previous owner, etc. are all needed. If all the papers are clear, then you can buy the property without thinking much. Also don’t forget to check transportation facilities, water connection, electricity connection, etc. before sealing the deal.
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