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Land has been the forte for large development companies or High Networth Investors. Land investment is referred to as long term investment for higher returns, and since land prices are on the rise in almost in every corner of India due to its huge demand for development, it is said to be the safest and smartest way of investing ones money.
Investing in land can be profitable as there is limited supply of land and the purchaser can really sell dear if he wants to. Besides, there is the short to medium term possibility of exceptional returns, and property values can be readily increased by erecting modern world class amenities such as Residential, Commercial etc. Thus Land being very limited still offers unlimited possibilities for construction of public or private infrastructure.
Transaction in Land requires undergoing intense procedure of formalities and documentation and also to ensure that it is clear and title and free from any disputes. We at Siddhi ensure that land investment for you becomes a safe investment by doing complete scanning of documents of the land seller and land documents.
In order to ensure the Land is title clear and to make it ready for any further construction or development on Land, following are the list documents and approval required:
1. Land Acquisition Approvals
- Purchase Permission
- Payment of Nazrana
- 32 G Clearance
- Mortgage, loan, burden clearances
- Court matters clearances
- Varas Takta
- Gram Panchayat NOC
- 7/12 opening for all LAA (Land Acquisition Approvals)
2. Land Title Search
- Index II search for 30 years
- Court search
- Search vide claims or objections
- Revenue & Forest search
- Conversion of Zone & Location clearance from State Govt.
- N.A & assessment tax from Collector
- Approvals from local authority such as Gram Panchayat NOC
- Environmental Approvals such as Environmental clearances, Consent to establish & Operate & Compliance Reporting to respective authorities
- Project Plan Approvals such as Master Plan & Building layout
- Utilities Approvals such as Power, Water, Fire station, Police station, Communication & Commutation