Location Analysis: Ensure the plot is well-connected to city centers, major roads, and amenities like schools, hospitals, and shopping centers. Proximity to Chengalpattu railway station, SRM University, and Chennai International Airport is a plus.
Legal Due Diligence: Verify clear title, necessary documentation, ownership history, and check for disputes. Consult a real estate lawyer for guidance.
Infrastructure Assessment: Evaluate the availability of basic amenities and the quality of roads and public transportation to assess the location's long-term potential.
Market Trends and Pricing: Understand local land prices (₹3,500-₹5,000 per sq ft) and market trends, with an annual appreciation of 12-15%.
Negotiation Strategies: Research market rates, understand land value appreciation, and explore financing options to negotiate favorable terms.