Dreaming of your own home? Choosing the right residential plot is crucial. Let's break it down in simple terms: 

1. Location: 
   Why it matters: Your plot should be easily reachable from important city areas. Avoid getting tempted by cheap deals in faraway places. Consider factors like proximity to schools, hospitals, and workplaces for a convenient lifestyle. A well-located plot not only ensures ease of living but also holds the potential for better returns on your investment over time. 

2. Value of the Plot: 
   Why it matters: Take your time; don't rush into a great-looking deal. Research the land's value by considering its current market rates, future development prospects, and the overall growth trajectory of the locality. Consulting with a real estate agent or guidance from Genuine Plot's experts familiar with the area can provide valuable insights into the plot's potential appreciation and help you make an informed decision. 

3. Area of the Plot: 
   Why it matters: If you plan to live there, size matters! Consider your lifestyle, family size, and future needs when assessing the plot's area. Also, check the topography and soil conditions to ensure they are suitable for construction. Understanding the built-up area you'll need for your dream home ensures that it meets both your current and future requirements. 

4. Builder Verification: 
   Why it matters: Ensure the land isn't in legal trouble. Cross-verify the seller's background and reputation in the real estate market. Look into their past projects to assess the quality of construction and adherence to timelines. Additionally, post your queries on online forums to gather feedback from other buyers. This thorough verification process provides a clear understanding of the builder's credibility and reliability. 

5. Title Deed Verification: 
   Why it matters: Confirm the seller's right over the land by checking the title deed. Ensure the document includes the seller's name, validating their ownership. Cross-verify with relevant land records to ascertain that the full right to sell the land lies with the seller alone, preventing any legal complications in the future. 

6. Necessary Approvals by the Local Body: 
   Why it matters: Check if the plot has received necessary approvals from local authorities, including the City Development Corporation. Consult with a legal professional to verify approval documents, ensuring regulation compliance. For larger layouts or planned developments, confirm that the builder has obtained planning permission and building approvals from the local authorities. This step safeguards your investment and assures a hassle-free construction process. 

Conclusion: 

These points are crucial if you're eyeing a residential plot in Maharashtra. Ensure your dream plot meets these criteria for a secure and wise investment.