Kanpur is witnessing huge growth in real estate development. It is a prominent industrial hub in Uttar Pradesh. For people looking to buy property for investment in Kanpur Development Authority (KDA)-approved plots are a safe and promising bet.
What are KDA-approved plots?
KDA-approved plots are land pieces approved or sanctioned by the Kanpur Development Authority. These pieces of land meet all legal and regulatory standards. When purchasing such a plot, one must keep in mind:
Legal Compliance
Assurance that the land complies with zoning laws and building regulations.
Infrastructural Support
This includes access to essential amenities like the road system and regular electricity supply.
Investment security
Reduces the risk of legal disputes and unauthorised construction.
Why should one invest in KDA plots in Kanpur?
Transparent Allotment Process:
KDA conducts e-auctions and lotteries for plot allocation. This ensures fairness and transparency.
Strategic locations:
KDA-Approved lands are situated in well-planned areas with great connectivity. For instance, plots in Naubasta, Bithoor Road, New Kanpur City, are gaining popularity due to their proximity to key landmarks and proposed developments.
Affordability:
K D. Plots are competitively priced compared to private developments. This makes them accessible to a broad spectrum of buyers.
Future appreciation:
Areas under KDA development see infrastructural growth. This results in potential property value appreciation over time.
Popular KDA plotting areas in Kanpur:
Some of the new and upcoming KDA plotting areas in Kanpur are
Naubasta:
This area is known for its residential appeal. Here big plots are priced reasonably, with great road frontages.
Sujatganj:
This area offers plots suitable for multi-story construction and average road access.
Mainawati Marg:
This area features premium plots that are large in size in NRI City. These plots are adjacent to parks and main roads.
Singhpur:
This area is emerging as a residential hotspot. Plots here are in gated societies and in close proximity to hospitals and proposed developments.
How to apply for KDA plots:
Through their official website:
For the ongoing schemes and information, visiting their official website is one of the best ways to find out all about KDA lands and plots.
Checking running schemes:
Exploring the ongoing offers, like Mahavir Nagar Extension or Sulabh Awas Yojna.
Registration:
For all new schemes, registration details and procedures are available online on the Awaas website.
E-auctions:
Participating in auctions for residential and commercial plots through the KDA official portal is a good idea.
Tips for prospective buyers:
Verify Approvals:
Always verify if the plot is KB approved or not, KDA approved plots. Avoid future legal complications.
Assess infrastructure:
Always gauge the availability of roads, water supply, and electricity supply in the area. With poor supply or connectivity, your land becomes of little use, and its appreciation value does not rise as expected.
Consult professionals:
Engaging with real estate experts or legal advisors can be beneficial in navigating the buying process. Using their services can also prevent you from unnecessary future difficulties.
Staying updated:
Checking the KDA website regularly for new schemes and updates is a must when you are looking to buy a property.
Conclusion
Investing in KDA-approved plots in Kanpur offers a blend of security, affordability, and growth potential. With due diligence and smart planning, buyers can capitalise on the opportunity presented by KDA plotting in Kanpur.
To Book Your Dream House in Jyoti Greens.
Comments