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Buying a property is fraught with many risks these days. From encroachments to disputes to forgery, the issues are multifold. Hence it is important that one is aware of all the documents to be checked and all the issues to be cognizant of. Here is a check list for anyone planning to buy agricultural land in the States of Telangana & Andhra Pradesh. Similar land documents exist in every state albeit with different names.

When you buying agricultural land in Telangana or AP,

  1. Know the land address: Find out the exact extent, survey number and boundaries of the land that you are intending to buy and the revenue village in which it is located. It is important to ascertain whether the details of the land shown on the paper and the land on ground are the same. Village map, Tippan/FMB and Pahani/Adangal will help in knowing these details. Also, it’s helpful to get the land surveyed before proceeding to purchase.
  1. Classification of the land: Law prohibits purchase of certain categories of land. Find out whether the land which you are intending to buy falls under any of the prohibited categories. Government lands, lands assigned to the landless poor by government and forest land are the few categories of land which can’t be purchased. Only tribal can purchase land in Scheduled Areas (Tribal areas). The classification of the land can be ascertained from Setwar/RSR, Pahani/Adangal, IB register, Pattadar Pass Book and Title Deed. Do not come to any conclusion about the classification of the land just based on entries in Pahani/Adangal.
  1. Is the seller the real owner? A person who owns land can only sell it to others. Purchaser gets the same right which the seller has and if the seller has no right or has insecure right then the purchaser also gets no right or insecure right. Title Deed, Pattadar Pass Book, 1B register contains the details of the land owner. See all these three records to know whether the seller is the real owner. Encumbrance Certificate also shows the name(s) of the owner(s) and earlier transaction on this land.
  1. Existing claims and disputes: Find out whether there are any existing claims or dispute on the land. enquiry in Tehsil (Block Revenue) office and also with neighboring land owners may reveal any existing claims or disputes.
  1. Sale Deed and Registration: get a detailed sale deed written with complete details about the land with boundaries and the particulars about the owners. Sale deed should be compulsorily registered. Unregistered sale transactions are invalid.
  1. Mutation: apply to the Tehsildar (Block Revenue Officer) within ninety days from the date of registration in form 6A for making mutations in the land records and getting Pattadar Pass Book and Title Deed. However, application can be made even after expiry of ninety days.
  1. Survey and Sub-Division: Get the land surveyed and sub-divided
  1. Entry in Pahani/Adangal: Get your details entered in the Pahani/Adangal
  1. Obtain copies of land records: Obtain the certified copies of Pahani/Adangal, 1B register and Tippan/FMB. Check the Pahani/Adangal every year to ensure that your name is in the record.

Governments should work on educational campaigns like these

The Registrations & Stamps department of the Telangana government recently released a short video of 15 minute duration educating people about the things to be taken care of or documents to be cross checked before buying an asset (land/flat etc). This is a wonderful effort by a government department and should be emulated by all the states.

Credits: Sunil Kumar

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Farm Land

Telangana real estate sector has high expectations from Budget

The budget is expected to be watched keenly by various sectors of the economy at a time when the economy is seeing a slowdown in growth.

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HYDERABAD: Hyderabad’s real estate sector has a lot of expectations from this budget. Stating that to improve the economy in the country, the real estate sector, which is a major pillar should be given the needed stimulus, the builders and the property developers are expecting a slew of reforms.

The budget is expected to be watched keenly by various sectors of the economy at a time when the economy is seeing a slowdown in growth. One expectation that is making rounds is a possible revision in the affordable housing limit, increased limit on interest on home loans and scrapping of long-term capital gains tax (LTCG) on the sale of properties. Speaking to Express, Jaideep Reddy, vice president of CREDAI, Hyderabad, said, “Affordable housing needs to be taken into serious consideration if the sector has to grow. The said limit of `45 lakh is on the lower side. Accordingly, the expectation is that the said limit would be revised upwards.”

He added, “We are also hoping for some relaxation in personal income tax slabs for the individuals. With this, surplus money can come back to the industry.” Another developer said that the probable scrapping in the upcoming budget of LTCG tax on the sale of properties will result in a higher amount of returns in the hands of investors. Given the rising interest and property rates, it is every home loan payer’s wish that there should be an increased limit on interest on home loan to at least `4 lakh per annum in the upcoming budget, said General Secretary, CREDAI, Rajasekhar Reddy.

Credits:Express News Service

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Farm Land

Farmland for sale by NEEMSBORO FARMS NARAYANA KHED, Hyderabad

Farmland for sale by NEEMSBORO FARMS NARAYANA KHED, Hyderabad

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About Property

Address: Near Bidar, NARAYANA KHED, Hyderabad, Hyderabad

Small investment on agricultural land and smart returns in short period
1.605 sq.Yards (5 guntalu) 300000/- Only
2.Each plot 50 malabar veepa trees
3.Spot registration
4.Pass book free
Location highlights:
1.20 kms to nimz (National investment and manufacturing zone)
2.30 kms from bidar, karnatraka
3.40 kms from zaheerabad
4.2kms from mandal head quarter nagal gidda
5.12 kms from narayankhed
6.0.5 km from bidar to nanded national highway
Project highlights :
1.30 feet & 20 feet internal roads
2. The land is fenced with barbed wire and security
3. Water storage system
4.Electrical transformers
5.Borewells
6.Club house with all amenities in 2 acres of land

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Farm Land

Hyderabad Real Estate Witnesses A Boom Amidst Slowdown

Property prices in Hyderabad are relatively lower when compared to other metropolises like Mumbai and Bangalore.

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The past decade was nothing short of a roller coaster ride for India’s real estate investors. With a multitude of factors, such as the demonetization, RERA, GST, and the more recent NBFC crisis coming into the picture, the sector’s growth prospects have taken a dip during recent months. Oddly, though, the real estate space in South India managed to flourish during a time when larger markets in other parts of the country struggled with declining sales. Apart from India’s IT capital Bangalore, the Hyderabad market showed great potential, eventually emerging as one of the hot destinations for PE investments in the real estate space.

According to data released by PropTiger, it was the only metro city in India where property prices increased by 17% during the first quarter of FY 2020 on a year-on-year basis. While this golden run has continued since the State bifurcation in 2014, activities in the Hyderabad’s real estate space have doubled only recently; in the last couple of months, to be precise. Industry estimates suggest that annual commercial leasing in Hyderabad has gone up from 4-4.5 million square feet to 9 million square feet, trailing only Bangalore, where the average is 13 million square feet.

Infrastructural improvements, increased inflow of working professionals, along with the government-led initiatives towards the ease of doing business have worked in favour of Hyderabad as well as its real estate sector. Moreover, with tech giants like Amazon and Apple making their way into the City of Pearls, the market has witnessed a sudden upsurge in the absorption, supply and cost of the property. Given this interesting scenario, let’s take a closer look at the fundamental growth drivers that have impacted the real estate market of Hyderabad.

New launches propelling the growth of commercial office space 

Home to numerous tech start-ups and global firms, Hyderabad is billed as the next IT hub of India. Last month, Amazon opened its biggest campus outside the US in this city. Located in Hyderabad’s financial district near Hi-Tech city, the campus covers an area of over 9.5 acres and is expected to house 15,000 employees. This is, in fact, amongst the largest centers of an MNC in India. Hence, it’s no secret that commercial office projects are driving investments in real estate and realty players are bullish on the Hyderabad market. Even outstation developers are currently eyeing the local market, thereby indicating excellent growth potential.

Higher demand for rental housing 

Hyderabad is a preferred destination for both students and salaried professionals. Every year, thousands of youngsters migrate to this city for better career prospects. Sample this, one-third of Amazon’s total India employee base works from Telangana, of which the majority resides in Hyderabad. This explains the growing appetite for rental housing and therefore more investment opportunities for property builders and home-owners alike. Besides corporate executives, college and university students are seeking rented accommodation facilities. In addition, the emergence of co-living space providers has further bolstered the state of the residential real estate in Hyderabad.

Reasonable pricing of properties

Property prices in Hyderabad are relatively lower when compared to other metropolises like Mumbai and Bangalore. And, this is what gives this city a competitive advantage in terms of real estate investments. While a handful of real estate giants operate in Hyderabad, the market is yet to get monopolized. As such, there are equal, if not more, opportunities for smaller and up-and-coming companies. The city has always been an IT/ITeS and R&D destination, but more avenues are now being explored. The residential and retail real estate, for example, is witnessing a massive uptick in terms of sales. Subsequently, co-living players are foraying into Hyderabad’s market, carving a new niche for themselves. Thanks to these abovementioned factors, Hyderabad is fast turning into a top real estate investment destination, presenting unparalleled opportunities to realty developers, buyers and even operators.

Credits: Sudhanshu Kejriwal

Disclaimer: The views expressed in the article above are those of the authors’ and do not necessarily represent or reflect the views of this publishing house

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