Here is an easy tick list for customers to consult before buying a plot.
The first document that you sign is an agreement to sell. The second document is the sale deed, which you get registered in your name by paying stamp duty to the government.
The first document that you sign is an agreement to sell. The second document is the sale deed, which you get registered in your name by paying stamp duty to the government.

Do the due Diligence:
If you are buying a plot within a developer's project, make sure that he has all the necessary approvals, such as the license to develop that piece of land. Make sure that the land can be registered in your name. You must also find out if the land is leasehold or freehold.
Sometimes, when you are buying the plot from an authority, there could be a clause which says that you must complete construction on it within a certain time period. If you are buying the plot for investment, such a clause sets a limit on the time period by which you must exit this investment.
The plot shouldn't be attached by a court order. Consult a lawyer to make sure that it is not encumbered legally. Any adverse order by a court on the property may affect you down the line.
Quick Byte: Be specially wary of this risk if the property is being offered to you at a low price.
Source: Times Property, Dec 06, 2014
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