Are you someone interested to invest in the Kerala real estate market?
Kerala has an impressive inheritance in every possible sector and has been classified as one of the best places for Real Estate investment. Investors from different regions and countries are rushing to Kerala in high numbers because they have understood the trends and beneficial possibilities of Real estate investment in Kerala. A land being profoundly favored for the travel and tourism sector and home to many urban areas which is the face of the real estate market, especially the real estate market in Kochi has witnessed promising advancements in the last decade. Being the central town and the core area, which lies as the state’s heartland, real estate investment in Kochi is never a bad idea if you are someone looking for some serious gains in the booming market.
How to invest in Real estate? would be the next question. If we take our city Kochi as an example, there are multiple real estate agencies in Kochi. Every agency will have one or more specialized real estate agents who could guide you through the process. By knowing the available options and co-relating it with your requirements, whether it be an inquiry about land for sale in Kochi, or for sale in any other part of Kerala, they would furnish you the information and if feasible you can move along with your plan.
One cannot jump into any type of investment with zero knowledge. So from what experience has taught the Top real estate agents in Kerala, which made them who they are now, here are some land buying tips for people who are now looking forward to investing in the real estate market. Whether it be of a commercial purpose or residential, as a buyer, you must be extremely cautious while purchasing land in Kerala. Initially, you have to make sure that the land has a clear marketable title and also confirm the legal right of the holder in Government records. Identify the type of possession: that could be leasehold, freehold, or under a government grant. Also, we have to make sure that the land kept for sale by the owner has all the necessary documents and paperwork intact.
The major documents one should check before buying land in Kerala are the Title deed which is executed between seller and buyer, The Previous document of the property, Location map and property sketch, Tax receipt from the Land Revenue Department, Encumbrance Certificate, Possession certificate, non-Attachment certificate, Building tax receipt, and Title certificate. Apart from this, we must acquire the Non-Agricultural land permission if you are purchasing agricultural land and use it for residential, commercial, or industrial purposes.
While checking up on the paperwork, you must also make sure that the land measurements are proper according to the paperwork. Next, you have to check the availability of basic amenities and resources nearby. This includes proper electrical and water supply, transport facilities, hospitals, educational institutions and proximity of access to the main road, etc. Also, while examining the property, we have to confirm that no high-tension lines are passing through the plot. If yes, then a certificate has to be obtained from the concerned Municipality regarding the same.
If you are someone entering into this market for the first time, make sure that you have followed the above-mentioned procedures intact. Investment in land or property in the real estate market of Kerala has always been a great asset since the dynamics of the market here are always at an admirable pace. It is not just a minimal step, stepping into real estate is a long-term investment that has its perks if you get the market pulse rightly and in turn, the perks you receive will make your roots stronger and invest more into the market and gain more and more benefits.
