If you are to acquire non-agriculture land, also referred to as NA land, it means that you want to use it for residential, commercial, industrial, or institutional purposes. Unlike agricultural land, non-agricultural land can be bought and sold by individuals.
Identifying the Need and Location
Find Out Your Needs: Before purchasing NA land, it is important that one determines what one intends to use the piece of property for. This will help narrow your search for residential, commercial, or industrial purposes.
Location Considerations: After identifying your requirements, research potential areas and shortlist them based on proximity with urban centers and infrastructure development done on their accessibility and future growth prospects.
Who Can Buy Non-Agricultural Land in India?
Individual Buyers: Any person who is an Indian national can buy NA land. Nonetheless, it’s important to make sure that all local legislation and restrictions are followed, especially for foreigners or NRIs.
Entities & Corporates: A company, partnership firm, trust or any other legal entity may also acquire NA land for different uses. However, there are certain regulations that must be complied with, and necessary authorizations must be obtained from the concerned authorities.
Legal Compliance and Documentation
Verification of Title Deed: The first step in purchasing the NA land is verifying the title deed. Ensure that there are no disputes or encumbrances and the seller has a clear, unambiguous ownership of the property.
Approval and Permissions: Obtain approvals and permissions from local bodies for using the land as intended. This includes changes of land use, building permits, and environmental clearances among other regulatory compliances.
Factors to Consider Before Buying NA Land
Zoning and Land Use: Understand the zoning regulations and land use policies applicable in the area where NA land is found. You must stick to zoning laws instead of your intended use to avoid any legal issues later on.
Infrastructure and Amenities: How close are roads, water supply, electricity supply, sewerage systems, and other basic infrastructure facilities near NA land? You would be better off if you could find amenities such as schools, hospitals, markets, and recreational facilities.
Developer’s Credibility and Past Projects: Prior to investing in any estate, it is extremely vital to conduct detailed research on the developer and the previous ones that have been successfully completed. As the history of a developer is the most significant indicator of their reliability, quality of construction, and timely completion, knowing that history can offer great benefits.
Physical Verification and Due Diligence
Site Inspection: The physical condition, boundaries, and topography of surrounding areas must be thoroughly inspected before one buys this land. Always ensure accuracy over site measure mentation plus boundaries as future disputes can arise over them.
Document Verification: Scrutinize all legal documents related to the NA land, including title deeds, sale agreements, property tax receipts, and other relevant records. Seek assistance from legal or real estate experts to ensure the authenticity and legality of the documents.
Qubic Properties: Your Partner in Real Estate Success
Individuals and businesses can profitably invest in developing residential or commercial properties by purchasing non-agricultural land. However, one must navigate the process carefully to comply with the law and perform sufficient investigation. With support from real estate consultants such as Qubic Properties, buyers can make buying more efficient, take advantage of market trends, and grow the worthiness of their investments.