What are the legal issues to be aware of when buying an SCO plot in Gurgaon?

 SCO plots, or Shop cum Office plots, are a popular investment option in Gurgaon. These plots offer the potential for both commercial and residential use, making them a versatile investment. However, there are a number of legal issues that buyers should be aware of before purchasing an SCO plot in Gurgaon.

1. Zoning regulations

The first step is to check the zoning regulations for the area where the SCO plot is located. The land may be zoned for commercial use, residential use, or a combination of both. If the land is not zoned for the intended use, the buyer may have to apply for a zoning change, which can be a lengthy and expensive process.

2. Title Deed

The buyer should also ensure that the SCO plot has a clear title deed. This means that the seller has the legal right to sell the property and that there are no outstanding debts or liens against the property. The buyer should also check the title deed to make sure that the property is free from any encumbrances, such as easements or restrictions.

3. RERA registration

Since 2016, all real estate projects in India are required to be registered with the Real Estate Regulatory Authority (RERA). This is to ensure that buyers are protected from unscrupulous developers. The buyer should check to make sure that the SCO plot is registered with RERA and that the developer is a registered RERA member.

4. Encroachments

The buyer should also check for any encroachments on the SCO plot. This means that someone else may be using part of the land without the owner's permission. Encroachments can be a problem, as they can make it difficult to develop the property or even make it impossible to sell it.

5. Disputes

The buyer should also check for any disputes over the SCO plot. This could include a boundary dispute with a neighboring property or a legal dispute between the seller and another party. Disputes can be costly and time-consuming to resolve, so the buyer should avoid buying a property that is involved in a dispute.

Conclusion

Buying an SCO plot in Gurgaon can be a good investment, but it is important to be aware of the legal issues involved. By following the tips above, buyers can protect themselves from potential problems and ensure that their investment is a success.

ADX Corp 

ADX Corp is a real estate consultancy firm that specializes in helping people buy and sell SCO plots in Gurgaon. We have over 5 years of experience in the market and can help you find the right property for your needs. We offer a free consultation, so please don't hesitate to contact us today.