This is a very important thing. It would be better to consult with an Architect for cheking and clarification based on the Kerala Building Rules and also for vasthu if needed.
The main parameters to be considered are
1.Whether the soil and profile is suitable for the purpose
2.Whether the plot is auspicious for building considering vasthu etc.
3.Whether construction is possible in the plot according to existing rules.
4.Whether the plot has any legal complications.
5.Is there any objection building a house there(can be clarified from local authority offices like panchayats, municipalities etc)
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