Residential land in Gurgaon is bought either to build on or to hold, and the two purposes call for entirely different checks before purchase.
A parcel is only residential land if the current development plan says so. Zoning can differ from what a seller describes, and a change of use is neither quick nor assured. Verify the land use against the development plan before anything else, because every other assumption rests on it.
Establish whether the parcel sits inside a licensed colony or outside it, since that determines what approvals a build will need and how readily the parcel can be sold on. Get the title chain examined by a lawyer rather than relying on documents provided by the seller.
Only if the land use permits it and the necessary approvals are obtained. Verify the current land use under the development plan first.
It carries no construction or depreciation risk but has a thinner resale market and heavier approval risk than built property.
The title chain, the land use under the development plan, the licence status of the colony and any encumbrance on the parcel.
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