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Discussion > Property Law > Real Estate > Purchase of Non Agricultural (N.A) Land in Maharashtra   Unanswered Threads Post New Topic

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There are 4 Replies to this message


Ram Mallya


Not applicable
[ Scorecard : 24]
Posted On 15 May 2010 at 10:46 Report Abuse

Dear colleagues in the Lawyers Club,

You may be aware that there are N.A Plots being sold in Maharashtra. Typically, these are advertised and marketed by Marketing companies such as Disha Direct, Soft Corner, etc. These N. A Plots are sold within a project which will have some common facilities and will also be gated under common security.

When it comes to actual documentation of sale, it appears that the marketing companies are no where in the picture. The documentation will be directly with the developer of the property. These marketing companies of course claim that they are part of the JV but the name of the developer does not indicate anything - in fact just a few private names are stated in the agreement.

Under these circumstances, what are the precautions that need to be taken (a) firstly, while buying N.A land in Maharashtra and (b) secondly, while dealing with this kind of structure between marketing company, deveopers, etc.

Given that N.A land is becoming very popular option for investment and second / weekend home, clarifications in this matter will be highly useful to all the member community and indeed the public.

Kind regards,

Ram Mallya

 

 

 



Online certification courses IP, IT and Investment Law


N.K.Assumi


Advocate
[ Scorecard : 22143]
Posted On 15 May 2010 at 11:27 Report Abuse

In such a situation before purchasing, it is always wise to get the perfect title of the land and that can be done by engaging a title Investigator to investigate into the title of the property.. Catch hold of  Titel Investigator of your area to do the job. 



Total thanks : 1 times


bhagwat patil


Property due diligence 9422773303
[ Scorecard : 3998]
Posted On 15 May 2010 at 16:45 Report Abuse

agree with Mr N K Assumi.It is not possible for anybody to provide all facilities in remote places. evaluate the investment without any facility. if it works go for title search. 



Total thanks : 1 times


Mr Abbas


M.D
[ Scorecard : 54]
Posted On 25 May 2010 at 16:58 Report Abuse

DEAR RAMJI, PLEASE PROVIDE  ME YOUR E MAIL ID -- MINE IS    ESSA110@REDIFFMAIL.COM   MOBILE +919224296972  MUMBAI

 

THANKS

ABBAS



Narinder


propritor
[ Scorecard : 45]
Posted On 12 February 2014 at 15:42 Report Abuse

can I (non-tribal)buy a Non-agricultural(commercial) land,2 acres in Maharahtra, owned by Tribal.Kindly advise




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