Rohini Property

Step by Step guide to buy Rohini Property

Step by step guide covers every possible step which must be taken before and while buying plots in Rohini to save you from every possible threat and fraud. With the help of actual Layout plans of Rohini sectors, hi-resolution images, Maps and charts, we have tried to elaborate all possibilities. High level DDA Experts' advice will help you make your planning more precisely and answer every possible question you have in your mind. Kindly read all the important step-by-step tips before buying property in Rohini.

1.a) Define the Purpose : Why do you want to buy property ? The purpose of buying property must be crystal and clear due to the huge involvement of money. If you want to buy property in Sector 28, 29, 30, 32, 34, 35, 36, 37 & 38 of Rohini, on the basis of their location and situation, we have done some analysis which will help you answer few questions like why, where and how to invest.

High Resolution view : Click here

1.b) Types of Highly Liquid Plots : Highly liquid properties are those properties which are very easy to sell and their location is very good and its examples are

Corner || Park Facing || 24 Meter Facing || 30 Meter Facing || North-East Facing || 12 Meter Facing

2) Choose sectors according to your Budget : Rohini possess many new allotment sectors on different locations having different budget segments from low budget segment to high budget segment. Budget is primary and important factor to consider for any purpose.

2) Always prefer a Knowledgeable property agent : It is very important to find a good agent equipped with all knowledge of all sectors. Incomplete knowledge of agent can lead you to make wrong decisions. Ask him to provide the list of available plots and choose one of them. To cross check the price of property, kindly meet with more agents. It is suggested to gather knowledge of all sectors and their potential investment benefits. He must equipped with all knowledge including current and upcoming facilities and projects of that sector. Kindly check agents' background and history to proceed further because he will be the accountable person for your decision and money spent on that property.

3) Visit the site : Site visit is important to get the idea of current and futuristic development. We shouldn't make our property buying decision before visiting site. In new allotment, there are few sectors whose boundaries are touching the unauthorised colonies and these sectors are considered cheaper but in our opinion these sectors have good potential and currently they are cheaper in price so one should not neglect them because development shall start from here. Don't believe in dealers' words, visit yourself to see their potential. There is no problem in buying plots in these sectors. Buying high cost plots in costlier sectors doesn't make sense and ignoring these potential sectors is a mistake. When you visit the site, kindly observe the potential problems a plot can have.

a) Is there any tree on that plot ?

a) Electric pole and its line

c) Sewer

d) Prefer good location plots because of high liquidity

4) Price determination & negotiation of property : Good location plots come with high price and high liquidity and average location plots come with low price and low liquidity. We suggest you to kindly go for good loacation plots if you have sufficient budget else you can go for average location plots. Always try to check the price in market and negotiate. We suggest you not to leave that plot for only few thousands or lakh, if you like that proerty, just go for it. I have met with several people who came one or two years before and told us the previous price of property and have seen them repenting over their decision of not buying that property when they came here first.

4) Important documents of property :Make sure that the allottee or financer has all the documents with him in its original form. List of must have all documents of allottee in its original form.

1) First deposit receipt (FDR).
2) Demand cum Attotment letter.
3) Bank Challan/Receipt of paid amount of Demand cum allotment letter.
4) Receipt of possession of property in DDA.
5) Receipt of possession of property on site.
6) Leasehold Documents.
7) Mutation in case of death.
8) Freehold property documents in case it is freehold.

5) Beware of fake documents & fake allottees : You are requested to stay away from these kind of agents because you are going to involve a huge amount of money. You are requested ro kindly recheck the documents in DDA for their authenticity, they must not be fake because in this market we have seen many cases of fake documents on which registry has been done and original allottee has no information that his plot has already been sold, now we have two allottees of that plot and case is in court. So beware of fake documents and agents who do these types of works.

6) Should I buy a Freehold or Leasehold plot ?
Freehold is always better, go for it only if price difference of leasehold and freehold remains under two lac rupees, otherwise go for leasehold plot only after cross check and verify the authenticity of documents, identity of allottee and dues if any(must be paid by allottee before registry) of that property. Freehold property comes with clear title having no dues and issues. Leasehold may come with some dues or penalties.

7) Token(Promise to pay) : It is a market practice to give token in advance of few thousands or in lakh. It is a promise to buy the property after paying the remaining amount. After this transaction, seller is bound to sell the property on the considered price. He can't sell his property elsewhere.

8) Agreement to sell : It is an agreement to buy property after paying upfront money(Bayana). It is recommended to give bayana by cheque(No cash) in favour of Allottee. Cash transactions have legal restrictions and other thing is that cash has no record on papers. Cheque certifies that you have paid this much amount to allottee and agreement certifies the property against which payment has been made. In case you pay cash and if any problem occurs, then you will have to answer to the court that why have you made the cash payment when it is restricted and if you can't prove that you have paid allottee anything, your money is gone. But if you are paying by cheque and making an agreement against the payment of the property, it is 100% valid and you can go in any court.

9) How much bayana should I pay ? : It is recommended that you pay only 10% of total consideration amount of property. It is a general market practice of real estate industry.

10) Should I take loan ? : Involvement of bank certifies that there is no problem in plot and the title is clear because bank checks all the set parameters to verify the authenticity of property. Involving bank is recommended to take protection from any hidden threat because banks are experts and they only give loan after checking all the things.

11) Documents required on the day of registry :

      Buyer's Documents:

a) Aadhar card.

b) Pan Card.

c) 6 photographs for leasehold and 2 for freehold plot.

d) Agreement to sell.

      Sellers' Documents:

a) All original documents file to hand over to buyer

b) 6 photographs for leasehold and 2 for freehold plot.

c) Aadhar Card

d) Pan Card

e) Dues clearence receipt like house tax or others if applicable

12) Registry confirmation Receipt : After registry in concerned Sub-Registrat officers' office, a receipt will be provided which confirms the registry of plot has been done and documents can be taken from Sub-Registrars' office after 7-10 days only after showing the receipt provided.

What are the Registry and other charges of Rohini Property ?