Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The English Transcript Of 10th Episode On “Essential Paperwork Required For Buying Plots”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-8308816587
Any Plot With A Legally Clear Title And Approved Plot Layout Is Entitled To An Independent 7/12 Document. The Plot Layout Is Eligible For An Individual 7/12 Title If It Has The Necessary Stamping Of The Concerned Government Authorities And Approvals From Town Planning. In The Absence Of These Documents, This Investment Is Risky And Not Advisable.
Land Investments Done Within City Limits Should Be Clearly Declared As NA Plots And If Not So, Should Be Converted To The Same Promptly. Initially Before Purchasing The Land, The Necessary Paperwork To Be Checked For Are Government NOC’s For Electricity (MSEB), Water Supply Etc. This Is The Key To Realising Whether The Land Can Be Converted To NA Or Not. It Needs To Be Converted Promptly As A Precautionary Measure To Avoid Reservations Made By The Government And Planning Bodies For Regional Plans Or District Plans To Determine The Status Of The Land In The Years To Come.eg. Waste Disposal Grounds, Bus Stand, Industrial Reservation Etc. Which The Buyer Might Not Be Aware Of.
The Documents That Need To Be Checked And Verified Before Purchasing Any NA Plot Are: 1.Authority Approved NA Plot Layout 2.Recent Updated 7/12 Document 3.Whether The 7/12 Is For NA Land Or Agricultural Land
a. In Case Of Agricultural Land The Corresponding 7/12 And A Minimum Of 1 Acre Land To Be Purchased. b. In Case Of Proposed NA, It Is Considered As Agriculture Land And Needs To Be Converted To NA Land As Mentioned Above. 4.If The Bank Has A Loan Available, Indicating It Is A Legally Clear Title Since The Bank Has Crosschecked Most Of The Legal Documents For The Plot.
For More Details About Real Estate Investment In Residential NA Plots Give A Missed Call On +91-74472 95005 Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The English Transcript Of 9th Episode On “Know How For NRI To Buy Plots?”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-8308816587
Any Indian Residing Outside India For More Than 180 Days Is Considered As An NRI Even If He Working There And Is Staying Temporarily. The General Land Investment Rules For NRIs Are Slightly Different Compared To The Regular Residents Of India. The Most Important Thing That Needs To Be Kept In Mind When A NRI Is Investing In Land In India Is That They Can Only Invest In NA Lands That In Non Agricultural Land, They Cannot Directly Invest In Agricultural Land Or Farm House NA. So While Buying They Need To See What Type Of NA It Is As They Can Invest In Any Other NA Apart From Farm House NA And Agricultural Land.
The Purpose Of Investment Is Also Very Important. Generally They Invest For Two Major Reasons, One Is That They Plan To Invest At A Certain Price Today And When They Come Back To India If That Area Is Proposed To Come In City Limits They Can Build On It And Stay There. Also They Might Get Good Appreciation Over The Price That They Have Invested Today. Secondly They Invest Money In India As They As The Appreciation Cost Is Better Comparatively. So While Investing They Calculate The ROI ( Return On Investment) That They Are Going To Get Out Of That Investment Over The Period Of Years And Take The Money Back To The Their Residing Country.
There Are Other Legalities Also That Need To Be In Mind Such As The Maintenance Of The Land As It Is Physically Not Possible For Them To Maintain It So They Can Hire Someone To Maintain It For Them. It Is Also Advisable To Buy In A Gated Community From The Security Point Of View Be It Physical Security Or Legal Security. Being In The Gated Community The Developers Take Care That No One Can Miss Use The Plot As There Is Proper Fencing And Proper Security.
At Times People Try And Buy Agricultural Land On Their Names With The Help Of Their First Relatives Like Mother, Father Or Wife. They Can Buy Such Land Only If The Person That Is Buying The Land Has An Agricultural 7/12 On His Or Her Name. But The Major Drawback Of This Investment Is That They Cannot Take That Money Back To Their Residing Country Like They Can If They Invest In A NA Residential Plot.
If A NRI Wants To Invest In India He Has To Do The Transactions Through The NRE Account And Through The Same Account He Can Take The Money Back After Paying The Taxes As Per The Government Rules.
For More Details About Real Estate Investment In Residential NA Plots Give A Missed Call On +91 74472 95005 Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The English Transcript Of Eighth Episode On “How To Choose Plot Numbers In GAT And Survey Number, Should I Buy Plot In City Limit?”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-8308816587
Buying An Agricultural Land Which Is Survey No. And Around 3000 Sq. Ft. In City Limits…. It Is Very Important To Know That To Buy An Agricultural Land You Need To Have The Agricultural 7/12 On Your Name That Is You Should Be An Owner Of An Agricultural Land Already When You Plan To Buy New One. In Survey No If The Area Is 3000 Sq. Ft. You Do Get 7/12 On Your Name And Hence Own The Land If The Previous Owner Holds A 7/12 Document On His Name. Another Very Important Aspect That Needs To Be Kept In Mind Is The Actual Purpose Of The Purchase. You Can Only Use This Land For The Cultivation Purpose, So If You Are Buying It In The City Limits And Wish You To Build On It In The Future It Is Not Going To Serve The Purpose As To Construct You Need A NA Land Or A Land That Is In R Zone And Hence It Contradicts Your Purpose Of Investment. It Is Also Not Advisable To Rely On The Terms Like Proposed NA Or Proposed R Zone As There Is No Time As To When Will It Get Converted So The Actual Status Of The Land As Of Today Stands As Agricultural Land. Also The Cost That You Pay For The Same Is Mostly The Future Projected Cost Of The Land Which Also Leads To Losses.
Some More Details On 7/12 And Buying Land Which Is In Gat No. And Is Around 11000 Sq Ft. (11 Gunthe)…. Mostly Agricultural Land Is Bought With An Area Of 1 Acre. On The 7/12 There Is A Column Called Akarni (assessment) Which Is The Assessment Of The Land And If It Is More Than Rs.1 Then You Can Buy The Land And Get The Sale Deed Done With Your Individual 7/12 Only If You Have An Agricultural 7/12 On Your Name. If The Akarni Is Less Than Rs.1 Then You Have Take The Sale Deed For Minimum 1 Acre And You Even Get The 7/12 Also Of 1 Acre. Generally What Happens Is People Buy These 11 Guntha Plots But The Akarni Is Less Than Rs. 1 And Then These Cases They Do Not Get The 7/12 On Their Name. Also They Buy Such Big Plots Thinking That They Construct Home Later On It But Legally They Cannot Construct On An Agricultural Land.
According To The Hindu Succession Act 1956 Section 8 A Combine 7/12 Can Happen Only With The Heirs Of Class I Section As According To The Segmentation Act There Can Be Only 2 People On A Combine 7/12. But People Have Miss Used It And At Times There Are Names 3 To 4 People On The 7/12 And The Land Is Divided Between Them. However The Government Has Strictly Prohibited The Sanctions Of Such 7/12s And That Is The Reason The 7/12s Are Not Being Released Easily Now A Days. There Is Also A Web Site Called Mahabhulekh And You Can Check You 7/12s There And Those Who Had Issued Their 7/12s Earlier Can Check The Updated Status Of It On This Site By Putting The Gat No. Or The Survey No. If Your Name Is There On The 7/12 Then You Are The Owner If Not Then The Previous Owner Still Owns That Land.
For More Details About Real Estate Investment In Residential NA Plots Give A Missed Call On +91 74472 95005 Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The English Transcript Of Seventh Episode On “Benefits And Use Of Buying Legally Clear Title Plots”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-8308816587
Anchor: Greetings To All Our Listeners. I Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
In Today’s Episode We Will Discuss More On The Market Rate And The Valuation Of The Land, The Rule And Regulations Of The Government. To Discuss And Guide Us About The Land Dealings We Have With Us One Of The Directors Of Excellence Shelters Mrs. Reshma Hajite.
Anchor: Greetings Madam
Reshma: Greetings
Anchor: Today’s Question Is From Mr. Vaibhav He Is An IT Engineer And He Says That He Has Already Done Residential Investment And He Looking For An NA Plot And Has Heard Out Program And Wants To Go By The Law And How Should He Do Things Legally. Plus What Are The Benefits Of Having A NA Plot?
Reshma: Vaibhav If You Have Decided On Any Clear Title Project It Is Always Better To Get It Checked From Your Lawyer And If Everything Is Ok The Further Processes Will Take Place Like The Sale Deed Will Be Made And You Will Have The 7/12 On Your Name. If We Talk About Benefits, The Major Benefit Is That Once You Have The 7/12 On Your Name You Are Officially The Owner Of The Place. Other Than That Are Three Other Benefits That We Can Speak Of Is If You Plan To Keep It As Long Term Investment And Keep The Plot Empty The Rate Will Still Appreciate As The Area In The Vicinity Develops. And If Ever You Feel That The Area Is Appreciated Nicely In The Future You Can Even Sell That Land. Secondly If The Plot Is Closer To The Place That You Are Currently Staying And If You Feel That You Will Like To Build On The Land You Can Even Do That By Appointing An Architect Who Will Help You Build Your House The Way You Want And Checking The FSI I.e How Much Can You Build On Your Plot So If Your Plot Is Of 1000sq.ft You Can Build For 1000sq.ft. If The FSI Is 1. After Doing So You Can Treat As A First Home And Stay There. It Will Also Involve Liasoning And Other Approvals For Which The Architect Can Help You Can Also Have A Contractor To Build Your House. And Thirdly If The Land That You Are Looking For Is A Bit Away From The City You Can Treat It As A Week End Home. For This You Need A NA Residential Land And Again You Will Have To Approve The Plan From An Architect And Town Planning Approval For The Lay Out. After The Approvals You Can Build A House Over It And Stay For Weekend. You Can Also Rent It Out When You Are Not Staying There. So Once You Purchase A NA Residential Plot It Will Appreciate Even If It Stays Empty Or You Can You Use It As A First Home Or A Weekend Home. You Can Also Rent It Sometimes. Owning A Land Also Gives Us Other Benefits Like Having Our Own Garden, Garden Farming Where We Can Plant Fruits And Vegetables Giving The Place An Aesthetic Value.
Anchor: What Are The Benefits That We Look For In Midterm Investment And What Are The Benefits That We Look For In Long Investment?
Reshma: There Are Some Basics When It Comes To Looking For Benefits Out Of Land Investments. If You Are Planning For Midterm Investment It Is Always Better To Looking Closer To The City Limit That Is Around 10 Kms From The City Limits As The Cities Are Expect To Expand In The Near Future.
In Long Term Investments It Is Always Advisable That Even If You Buy The Land Away From The City In A Bit Remote Area You Should Do A Thorough Research Of The Area And Check For The Major Developments Like Airports, Highways, Etc Planned By The Government As These Take Time To Develop. It Is Also Better If The Land Has 2 Things Like The Airport And The Highway In The Vicinity As It Helps In The Appreciation Of The Area.
Anchor: So This Is The Difference In The Two And That’s All For Today.
Anchor: Ma’am Thank You For The Valuable Information On The New Updates Of The Real Estate Industry. And To Our Listeners We Will Like To Sign Off Today Due To The Lack Of Time.
Reshma: Thank You So Much. All The Information Is According To Understanding And Experience And For More Details You Can Also Take Advice From Your Consultants.
Anchor: For Any Details And Queries Do Call, Message Or What’s App Us On +91-8308816587.
For More Details About Real Estate Investment In Residential NA Plots Give A Missed Call On +91 74472 95005 Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The English Transcript Of Sixth Episode On “Importance Of Town Planning And RERA Act.”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-8308816587
Anchor: Greetings To All Our Listeners. I Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
To Discuss And Guide Us About All The Land Dealings We Have With Us One Of The Directors Of Excellence Shelters Mrs. Reshma Hajite.
Anchor: Greetings Madam
Reshma: Greetings
Anchor: We Have Received A Lot Of Queries Regarding The Dealings Of Plots And Their Rules And Regulations. The First Questions Is From Mr. Vijay Kengde, He Would Like To Know What Is Town Planning That Is Recently Been Made Compulsory By The Government And Some Details About It And Why Is It Necessary.
Reshma: Vijayji Town Planning Is The Layout Which Has All The Long Term Future Development Also Considered In It. Like When We Invest In A Non Agricultural Land Even If It Is As Small As 5 Acres We Have To Leave Amenity Spaces In It Taking In Consideration The Future Development Of The Area Such As Highways, Airports And Considering That The Sizes For The Roads, Space For Kids To Play Or Any Commercial Development As Well. The Reason It Is Made Compulsory Now Is Because In The Past All These Things We Not Taken In Consideration Resulting In Congested Cities. So When We Get A Town Planning Approval The Future Development Of At Least 50 Years Is Taken In Consideration.
Anchor: The Next Question Is From Mr. Mukund Nanavati From Pune. He Would Like To Know About The RERA Bill And The Pro And Cons Of It To The Buyers As Well As The Sellers.
Reshma: RERA Means Real Estate Regulator Authority. This Will Be The Regulatory Authority That Will Have To Approve All The Real Estate Projects Whether Be It Construction Or Plotting. With The N/A Approvals, Town Planning Approval And Other Construction Approvals Now It Is Necessary To Get RERA Approval As Well. So Now Without The RERA Approval No Project Can Be Launched In The Market Officially Which Will Also Put On Impact On The Pre-launch Or Pre-booking As It Will Not Be Allowed To Do So. This Real Estate Authority Bill Has Been In Place Since March And The Forming Of The Authority Is Taking Place Now. This Will Also Help In Building The Transparency As All The Builders And Developers Will Have To Display The Actual Status Of The Projects Including The Current Rate Of The Project, Number Of Plots Or Flats Sold Till Date On Their Website Which Will Help The Buyer To Understand The Project On One Platform. And The Most Important Fact That Will Bring Transparency Is That The Builders Or Developers Will Have To Give The Development Commitments Of The Authority. And If The Commitment If Not Fulfilled The Builder Will Be Fined. Similarly The Buyers Will Also Have To Abide By The Commitment That Is Given By Them As They Have To Do The Payments According To The Payment Schedule And At Times Even They Default In The Payments And A Fine Will Be Applied To Them As Well By The Authority. Hence This ACT Safeguards Both Of Them The Buyer As Well As The Seller.
Anchor: Ma’am Thank You For The Valuable Information On The New Updates Of The Real Estate Industry. And To Our Listeners We Will Like To Sign Off Today Due To The Lack Of Time.
Reshma: Thank You So Much. All The Information Is According To Understanding And Experience And For More Details You Can Also Take Advice From Your Consultants.
Anchor: For Any Details And Queries Do Call, Message Or What’s App Us On 8308816587.
For More Details About Real Estate Investment In Residential NA Plots Give A Missed Call On +91 74472 95005 Call: +91 88883 55559 | Email: Enquiry@excellenceshelters.com | www.excellenceshelters.com
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The Fifth Episode English Transcription On “Projects By Excellence Shelters Pvt. Ltd. In Pune And Shirwal”.
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-83088 16587.
Anchor: Greetings To All Our Listeners. I Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
To Discuss And Guide Us About All The Land Dealings We Have With Us One Of The Directors Of Excellence Shelters With A Humongous Experience Of More Than 10 Years Mrs. Reshma Hajite.
Anchor: Greetings Madam
Reshma: Greetings
Anchor: We Would Like To Know What All Services Does Excellence Shelters Pvt. Ltd. Provide In Land Dealings?
Reshma: Excellence Shelters Pvt. Ltd Was Established 8 Years Ago In 2008 And We Mainly Deal In Residential Non Agricultural Plots. Residential Means You Can Use That Land To Reside And NA Means Non Agriculture With Clear Legal Titles. Till Date Excellence Shelters Pvt. Ltd Has Successfully Completed 11 Projects And We Have Sold More Than 10 Lakh Sq Ft Of NA Residential Land. Excellence Shelters Pvt. Ltd. Has All The Projects Rated By CRISIL.
Anchor: Mr. Yogesh Mohite Would Like To Know If We Have Any Plots In The Vicinity Of Pune As He Is Interested In Investing And Would Also Like To Know Benefits Of The Investments?
Reshma: Excellence Shelters Is Coming Up With A New Project Nisargashristi In Shirwal. Shirwal Is A MIDC With Rapid Expansion. Around 10 Major MNCs Plant Setups. Secondly Development Of The Mumbai Industrial Corridor That Is In Progress Passes Through Shirwal And Satara MIDCs, Hence There Is Growth From The Industrial Point Of Few. Excellence Shelters’ Plots Are Available On Mumbai Bangalore Highway.
Similarly We Have A Project Namely Purple County In Saswad. This Project Is Also Rated By CRISIL. The Project Is Situated Near The Road That Connects NH4 And Jejuri State Highway. Secondly This Project Is Hardly 20 Mins Away From NIBM Kondhwa Which Has A Possibility That It Will Be Counted As A Part Of The City As The City Limit Develops. This As A High Resale Value As It Is Situated In The Periphery Of About 5 Kms Only. This Is Also Very Close To The Newly Developing Phursungi IT Park. In This Project We Also Provide All The Amenities Like Electricity, Water Facility And All The Plots Are Developed.
Anchor: Dear Listener If You Are Interested In Dealing With These Plots In Shirwal Or Saswad Kindly Feel Free To Call Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite On +91- 83088 16587.
Reshma Ma’am You Explained Us The Benefits Of Investing In These Plots, He Would Also Like To Know The Minimum Size Of The Plot That He Needs To Buy Or What The Minimum Plot Size That You Have.
Reshma: The Plots Sizes That We Provide Are From 2100 Sq.ft To 3500sq.ft. Which Are Town Planning Approved.
Anchor: Our Show Is All About The Transparent And Clear Plot Transactions And What Transparency Does Excellence Shelters Follow While Doing Their Deals?
Reshma: As I Had Stated Earlier As Well That All Our Projects Are CRISIL Rated And When It Comes To These Ratings Legal Transparency Is The Most Important Aspect. Secondly All Our Projects Are Residential NA Projects Only And Hence They Are Government Approved And Town Planning Approved, So The Plot Is On The Buyers Name With Their Individual 7/12 Document Officially As Soon As All The Formalities Are Completed. They Can Check The Records Of The Buyers As All The Documents Like The Search Title Or The 7/12 Are Officially On The Buyer’s Name And They Are 99 % Legally Clear.
Anchor: Dear Listener If You Are Interested In Dealing With These Plots In Shirwal Or Saswad Kindly Feel Free To Call Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite On +91-83088 16587.
For More Details About Real Estate Investment In Residential NA Plots
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The Fourth Episode English Transcription On “What Are The Illegal Practices You Should Be Aware Of While Buying Land?”
For The Guidance On Transparent Land Dealings Kindly Contact Excellence Shelters Pvt. Ltd’s Mrs. Reshma Hajite – +91-83088 16587.
Anchor: Greetings To All Our Listeners. I Chitra Khare Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
In This Program We Are Discussing All Types Of Plot Dealing Be It Buying Or Selling The Plot Or Even Buying A Plot For Residential Purpose And The Legal Care And Other Care That We Need To Take While Doing These Dealings. To Discuss And Guide Us About These Dealings We Have With Us One Of The Directors Of Excellence Shelters Mrs. Reshma Hajite.
Anchor: Greetings Madam
Reshma: Greetings Chitra
Anchor: Today’s Call Is From Pune And Due To Some Reasons He Has Asked Us Not To Disclose His Name So We Will Call Him Mr. Rajesh. He Had Bought A Piece Of Land In Wagholi 4 Years Back Which Was Said To Be Proposed NA However He Is Not Been Able To Trace The Ownership Of His Plot Nor Is He Able Make 7/12 Document . He Would Like To Know What Need To Be Done Further.
Reshma: Whenever We Buy Land The Most Important Thing We Need To Keep In Mind Is The Type Of Land That We Are Buying. Now A Day A Lot Of Plot Sales Take Place With The Help Of Proposed NA Or Proposed R Zone. Proposed NA Means That It Is Still Not NA (Non Agriculture) But There Is A Possibility Of The Conversion By The Government. A Lot Of Times The Conversion Of The Land Depends On The Parameters Drawn By The Government. Hence Whenever We Buy A Proposed Land It Is A Risk As We Are Not Sure Whether It Will Get Converted Or Not. So There Is A Chance Of Loss Of Investment If The And Does Not Get Converted. It Is Actually Illegal To Sell Such Plots In The Market. The Demarcation And Layout Of These Plots Are Not Approved By Any Government With A Thought Process That Once The NA Is Done The Plots Will Be Allotted. In Such Case Agreement To Sale Is Made So That Once The NA Is Done The Client Will Be Handed Over The Ownership Of His Plot. At Times When People Buy Such Plots There No Legal Documentation Done, The Only Document Made Is Agreement To Sale And Throughout That Period There Is No Title On Your Name, Which Means You Are Still Not The Owner Of That Place.
Anchor: What I Would Like To Know Is That We Generally Do Land Investment As Future Investment Or The Investment That Can Be Useful In The Future And What All Precautions Do We Need To Take For It?
Reshma: The Precautions That We Need To Take Care That If You Are Looking For Investments You Can Invest In Agricultural Plots Which Needs To Be Minimum 1 Acre If You Have 7/12 On Your Name You Can Buy It Legally And If Not So I Would Suggest You Invest In NA Plots And While Doing So You Should Ask The Developer For The NA Order That Is An Government Order That Officially Declares That Land Non Agriculture Approved. If They Have This Order Then That Project Is NA If Not Then It Is A Proposed NA Project. If It A Proposed NA All The Further Dealings That You Do Are Illegal For Which The Government Is Not Responsible. There Is Always A Possibility That On That Proposed Land The Government Decided To Build A Bus Depot And The Valuation Of That Land Reduces Automatically. And You Cannot Claim Anything As You Do Not Have The Legal Ownership Of That Land.
Anchor: Right. Now That Is What Mr. Rajesh Would Like To Know What He Should Do Further Now That He Is Stuck With This Problem?
Reshma: Actually He Should Have Been More Careful While Buying That Land But However If There Are A Number Of People In The Same Project And Are Facing The Same Problem They Can Form A Society With Each Other’s Consent. If There Is A Possibility Of NA In That Area They Can Get In Touch With A Liaisoning Company Or Agency And The Project NA Approved And Then Have The Individual 7/12 On Their Names. But If It Is Not Possible Then There Is Not Much That Can Be Done.
Anchor: That Means While Doing Any Investment In The Market A Thorough Survey Needs To Be Done.
Reshma: Absolutely Otherwise What Happens Is People Are Not Aware Of These Small Small Details And They Trust The Person Who Is Selling Them The Plot That They Have The NA Order But It Is Necessary To Ask Them To Produce It And Check That It Belongs To The Project That We Are Buying.
These Are My Thoughts And Advices From My Experiences But You Can Still Ask Your Consultants Also While Checking A Specific Project.
Anchor: Thank You Reshma Madam For Your Valuable Advice And For Any Further Details And Queries Do Call, Message Or What’s App Us On 8308816587.
For More Details About Real Estate Investment In Residential NA Plots
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30 Am.
Here Is The Third Episode English Transcription On “The Role Of 7/12 Document In Buying Or Selling The Land”.
For The Guidance On Transparent Land Dealings Kindly Contact Mrs. Reshma Hajite –+91-83088 16587.
Anchor: Greetings To All Our Listeners. I Chitra Khare Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.Property
In This Program We Are Discussing All Types Of Plot Dealing Be It Buying Or Selling The Plot Or Even Buying A Plot For Residential Purpose And The Legal Care And Other Care That We Need To Take While Doing These Dealings. To Discuss And Guide Us About These Dealings We Have With Us One Of The Directors Of Excellence Shelters Mrs. Reshma Hajite.
Anchor: Greetings Madam
Reshma: Greetings Chitra
Anchor: Last Time We Discussed Land Investment Being Considered As Midterm Or Long Term Investment And We Have Also Started Getting Queries For The Same. Mr. Pradeep Raote Is Keen On Knowing The Role Of 7/12 Document In Buying Or Selling The Land.
Reshma: Mr. Pradeep When We Consider Any Document Like 7/12 It Basically Specifies The Current Owner Of The Land And The Type Of Land As We Had Discussed In Last Episode Whether It Is An Agricultural Land Or A Non Agricultural Land. If It Is An Agricultural Land What It Also Specifies Which Harvest We Can Grow On It? At Times It Is Also Possible That The Land Is Been Bought In The Family And Is Divided Between Siblings. In Such Cases It 7/12 Documents Specifies The Amount Of Share That Is Distributed To Each Sibling. Now A Days A Lot Of These 7/12 Documents Are Available Online As Well And It A Great Initiative Started By The Government To Create Transparency So We Can Visit Website And Look For All The Information On The Website. If You Put The Gat No. Or Survey No. On Website You Can Get All The Recent 7/12 Updated Information Of The Plot That You Are Looking For.
Anchor: So All This Information Is Also Available Online Now?
Reshma: Right 7/12 Is The First Document That We Need To Check And If Really Want To Proceed With The Deal Next We Need To Check Is The Search Title. The Search Title Helps Us Understand The History Of The Land. Like If Someone’s Defaulted Something Or If There Is Some Loan Pending On That Piece Of Land. Some Of These Things Can Be Understood From The 7/12 But The Detailed Report Like Which Bank It, Who Had Taken The Loan, Etc Can Found In The Search Title.
Anchor: The Next Question Is From Mr. Nikhil Form Vimannagar Who Want To Know About CRISIL And What Exactly CRISIL Rating Is As He Came Across This Term While He Was Doing A Survey To Buy Land For Himself.
Reshma: CRISIL Is An Organization That Is Gives Ratings To The Real Estate Projects. It Is Like We Have Finance Rating, Education Rating Now We Also Have Real Estate Specific Ratings. There Is A Third Party Audit That Takes Place And The Rating Is Done Based On 5 Parameters And Then The Project Is Rated. The First Parameter Is The Developer- Who Is The Developer, His Work Track Record, How Many Projects Have Been Delivered Till Dated, Quality Of His Work, Customer Satisfaction, Etc. A Team Is Allocated To Do These Analysis Who Analysis The Balance Sheet Of The Developer As Well. The Second Parameter Is The Legal Parameter Of The Project Where They Check All The Legal Documents Of The Project Including The Search Title And Then They Approve. The Third Parameter Is Innovation- What New Or Innovative Are You Delivering In That Project Apart From Your Competitor Which Will Help You Boost Your Sale And How Confident Are You About The Same. The Fourth Parameter Is The Development Quality- What Type Of Development Are You Providing, What Are You Deadlines For The Completion And The CRISIL Team Is Always Monitoring The Project To Check The Fulfillment Of The Commitment. Lastly The Fifth And The Most Important Parameter Is The Financial Quality Of The Project- The Amount Of Funding That Has Been Provided To The Project, The Development Cost And The Banking Capacity Of The Project From The Market I.e. If The Project Is Viable To Get Loan Approvals From Different Banks And The Financial Capacity Of The Developer Is Checked. The Rating Is Done From 1 Star To 7 Stars Rankings. Hence The 5 Stars Is A Middle Ranking.
Anchor: We Would Like To Discuss This Further But Due To Time Constrain We Will Have To Cut It Short For Today And For Any Details And Queries Do Call, Message Or Whatsapp Us On +91-83088 16587.
For More Details About Real Estate Investment In Residential NA Plots
Mrs. Reshma Hajite Director – Sales & Marketing Excellence Shelters Pvt. Ltd. Interview On Akashwani 101 On “Plot Che Pardarshi Vyavhar” Will Be Broadcasted Every Monday 10:30 Am And Friday 9:30am.
Here Is The Second Episode English Transcription On “market Situations”.
Akashwani 101: “Transparent And Clear Plot Transactions” – Episode 2
Anchor: Greeting To All Our Listeners. I Chitra Khare Welcome You All Once Again For Our Brand New Episode Of “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
In The 1st Episode We Discussed About The Transparency And The Awareness That We Need To Keep In Mind While Deal In Land Transaction, Whether It Is Purchasing Or Selling Of Land Or Any Other Legalities That Need To Be Taken Care Of.
In The Following Episodes We Will Be Discussing Topics Such As Market Situations And Much More And To Take Us Through This Program, Once Again We Have With Us Mrs. Reshma Hajite, Director Sales And Marketing, Excellence Shelters Pvt. Ltd.
Anchor: Hello Reshma Madam,
Reshma: Hello Chitra
Anchor: In Our Last Episode You Very Wonderfully Explained Us About How We Need To More Aware While Buy Or Selling Our Land, How Maintain The Balance Between The Emotional Quotient And The Practical Implementation Through The Transactions And Also The Current Status Of The Market.
In Today’s Episode What We Would Like To Know, Why Is Generally Plot Investments Are Considered As Mid-term Or Long Term Investments?
Reshma: Short Term Investments Are 2 To 3 Months Investment; However, While Investing In Land We Invest In Areas With Expected Developments Such As MIDC Expansions, Highways Or Any Government Proposed Plan In The Near Future And These Plans Do Take A Period Of At Least 2 To 3 Years To Be Executed. In Plot Investments It Is Necessary We Have Given A Horizon Of 2 To 3 Years For The Execution Of These Plans.
Real Estate Is A Very Steady Growth Investment Unlike Stock Market Or Any Other Forms Of Investment Where It Projects The Immediate Tomorrow As Well.
Long Term Investors In Land Investment Are The Most Beneficial, For Eg. If We Consider The People Who Had Invested In Areas Like Kharadi And Kondwa In Pune Around 10 Years Back Have Received Humungous Returns In Compared To Those Who Have Liquidated Their investments Immediately.
Land Rates Are Completely Dependent On The Development In Their Vicinity, Hence While Buying Land It Is Always Better To Keep In Mind The Proposed Development Of The Area Such As Airports, Schools, Hospitals, Etc. If We Take In Consideration Airport, It Is Such A Project That Will Take At Least 6 Years For Completion As It Is An Equally Big Project. Areas Around It Will Gain More Appreciation In 6 To 7 Years As Compared To 3 Years.
Anchor: This Show Has Been Very Enlightening So Far And Will Continue To Do So. I Am Sure You All Will Be Having A Lot Of Queries And To Resolve Them We Call Us, Message Us Or WhatsApp us On 8308816587.
Anchor: Reshma Madam What We Would Like To Next Is What All Precautions Should We Take While Purchasing The Land If I M The Purchaser?
Reshma: The First And The Most Important Thing That We Need To Check Is The Authenticity Of The Owner As At Times The Land Is On Someone Else’s Name, The Money Is Given To Somebody Else And The Owner Is Different. To Check This Legally Our Lawyer Can Apply For A Search Report Title Through Which We Understand The Transfers That The Land Has Gone Though Till Date And Who Is The Last Owner Of The Given Piece Of Land.
Secondly We Need To Check Is The 7/12 Of The Land On Which The Zone Of The Land Is Stated. This Is Very Important Because If You Want To Cultivate The Land Needs To Be Agricultural Land And If You Want To Build On That Land The Land Needs To Be Residential NA Land That Means Non Agricultural Approved. All These Things Are Mentioned On The 7/12 Of The Land And Need To Be Checked Before Buying The Land And These Things Depend On The Objective Of The Purchase.
Generally The Zoning Of The Land Is Done By The Government And We Can Only Do Restricted Activities In These Zones. On An Agricultural Land You Can Only Do Cultivation, So If You Want To Build On That Land You Need To Get It Approved By The Government Beforehand. Likewise You Can Only Build On Land If It Is Residential Zone Approved.
So The Things We Need To Keep In Mind The Objective Of Our Purchase And The Zone Of The Land While Buying It.
Anchor: Today’s Episode Has Been Very Enlightening About The Minute Details That We Need To Take Care Of While Buying The Land. I Am Sure You All Will Be Having A Lot Of Queries And To Resolve Them We Call Us, Message Us Or WhatsApp us On 8308816587.
For More Details About Real Estate Investment In Residential NA Plots
Anchor: Greeting Of The Day To All Our Listeners. I Chitra Khare Welcomes You To Our Brand New Show- “Transparent And Clear Plot Transactions”, Presented By Excellence Shelters Pvt. Ltd.
We Bring To The First Episode Of This One Of Its Kinds Program Which Will Guide Us To Deal With Plot Transactions. Whether Be It Selling Or Purchasing Of Plots Or Investing In Plots.
And To Guide Us Through This Topic We Have With Us “Director – Sales & Marketing” Excellence Shelters Pvt. Ltd. Mrs. Reshma Hajite Who Come With An Extensive Experience Of 10 Glorious Years In The Field Of Plots And Land.
Anchor: “Hello Resham Madam”
Reshma Ma’am: “Hello”
Anchor: As I Was Saying In The Show Transparent And Clear Plot Transactions We Will Be Guiding Our Listeners About Plot Transactions And How To Make These Transactions Transparent And Clear. Another Thing That I Am Eager To Know Is What Made You Do Such A Show On Radio?
Reshma Ma’am: If We See Everyone Is Always Looking For Different Opportunities For Investments Be It Mutual Fund, Property Or Investments, However If We Compare The Returns Ratio, The Maximum Return Is Derived From Land. But People Are Bit Hesitant About It. They Are Also A Slightly Confused In Which Field To Invest. When It Comes To Investing In Land People Are Hesitant Due Various Reasons Such As Lack Of Knowledge Or Lack Of Proper Guide Lines And Also The Fear Of Being Cheated. Land Investment Can Prove To Be Boon If We Take Care Of Few Things Such As Understanding The Basic Legalities Of These Transactions, Try And Understand Where People Can Cheat Us And Be More Cautious About It. It Is Also Advice Able That You Should Have Some Land Investment In Your Investment Portfolio. These Entire Things Put Together Will Always Help In Building The Confidence In You To Invest In Land.
Anchor: Actually These Are Very Complicated Transactions And You Being From This Field For So Many Years You Must Be Coming Across Many People Who Have Different Questions Regarding These Investments?
Reshma Ma’am: Yes People Do Have A Lot Of Questions. The First Is Always Whether I Should Buy Or Not As Every Person Has A Success Story Or A Failure Story Attached Such As One Of My Relative Had Invested But It Didn’t Work Out Or Then It That I Had Invested Earlier And Had Got Returns And Will I Get The Same Benefit Again., Which Location Shall I Go For. Hence Both The Types Of People Who Are Scared To Invest In Land And The Other Who Are Confused With Regards To Location And Returns Generally Come For Suggestions.
Anchor: If You Have Any Queries Regarding Plots You Can Call Us At 8308816587.
Anchor: At Time Many Invest With Preconceived Notions From The Land Transactions Of Others Gains Or Losses, Do You Feel It Is Correct To Get Emotional Or Carry Preconceived When It Comes To Such Transactions?
Reshma Ma’am: Generally All Investments Do Carry An Emotional Quotient While Buying. But If You Know That Your Investment Is Legally Correct, As In Land Investment One Of The Most Important Aspect To Keep In Mind Is The Clear And Transparent Legalities Even If You Are Buying It From Your Friends Or Family. Now- A- Days Most Of The Information Is Also Available Online And Hence There A Good Amount Of Transparency To This Field As Well. There Are Also Real Estate Regulatory Acts Coming From The Government Where Even The Government Is Trying To Maintain Transparency And Because Of That Everyone Dealing In Real Estate Is Compelled To Maintain Transparency, Even Developers. There Is Lot Awareness As A Lot Of Information Is Readily Available Online. Hence Emotional Aspect Should Be The Last On List. So While Investing In Land The Main Thing That Matters Is The Legalities And Secondly From Whom Are We Buying As These As The Payments Are High.
Anchor: If You Have Any Queries Regarding Plots You Can Call Us At 8308816587.
For More Details About Real Estate Investment In Residential NA Plots
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