Farm land on sale
6 months ago
I have been in contact with one real state developer in Hyderabad.They are selling farmland in jadcherla which is near by mahboobanagar.they are offering club ,farmhouse facilities along with Farmland.it is my first investment and they are selling it 5000 sq.yard.is it safe to buy what are the things I should check before buying and take some safe measures and should I invest or not
A.Dear Client,
In India, it is considered illegal to use fertile agricultural land/farming land for residential or commercial purposes and therefore must go through a land conversion or land-use conversion process so as to not incur penalties by the government. Depending on your state and region, you may need permission from the planning authority or the district revenue department. The approval process takes 3-6 months for the conversion of agricultural land/farming land to residential land or for use of commercial purposes. So, apart from the routine verification of clear title and encumbrance status of the property, you have to consider the process involved in land conversion before entering into contact.
In India, it is considered illegal to use fertile agricultural land/farming land for residential or commercial purposes and therefore must go through a land conversion or land-use conversion process so as to not incur penalties by the government. Depending on your state and region, you may need permission from the planning authority or the district revenue department. The approval process takes 3-6 months for the conversion of agricultural land/farming land to residential land or for use of commercial purposes. So, apart from the routine verification of clear title and encumbrance status of the property, you have to consider the process involved in land conversion before entering into contact.
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A.Dear Client,
Verify that the land is free from any legal disputes, encumbrances, or pending litigation. Ensure that you can use the land for your intended purpose, whether it's agricultural, residential, or otherwise. Request and review all relevant documents, including the sale deed, title documents, property tax receipts, and land records. Ensure that the documents are genuine and up to date. Check if the developer has obtained all necessary approvals and permissions from local authorities for the development of the farmland, including the club and farmhouse facilities. Inspect the quality and availability of infrastructure such as roads, water supply, electricity, and security in the area.Understand the payment schedule and terms of the purchase. Make sure you're clear on the total cost, any additional charges, and the mode of payment. Research the reputation of the real estate developer. Look for reviews and feedback from other buyers who have invested in their projects.
Verify that the land is free from any legal disputes, encumbrances, or pending litigation. Ensure that you can use the land for your intended purpose, whether it's agricultural, residential, or otherwise. Request and review all relevant documents, including the sale deed, title documents, property tax receipts, and land records. Ensure that the documents are genuine and up to date. Check if the developer has obtained all necessary approvals and permissions from local authorities for the development of the farmland, including the club and farmhouse facilities. Inspect the quality and availability of infrastructure such as roads, water supply, electricity, and security in the area.Understand the payment schedule and terms of the purchase. Make sure you're clear on the total cost, any additional charges, and the mode of payment. Research the reputation of the real estate developer. Look for reviews and feedback from other buyers who have invested in their projects.
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