Lately, a lot of announcements on the transformation
of agricultural or non agricultural (NA) land into farm houses or
weekend homes are doing the rounds. These proclamations are mostly
directed to lure the NRI and expat community. Magicbricks comes forward
to assist the targeted buyers to make good investments without being
cheated of their hard earned money. Magicbricks spoke with several
industry experts to better equip prospective investors into making a
well thought decision.
As per the Lands of Maharashtra Act,
agricultural land is not meant for the development of weekend/farm
houses. Transfer of agricultural land to a non agriculturist is barred
under Section 63 of the Bombay Tenancy and Agricultural Lands Act, 1948.
Also, Section 65 states that the land can be taken over by the
Government for management if it remains uncultivable for any two
consecutive years.
“Land in villages along the National Highway 3
(NH3) (Old & New) in Bhiwandi Taluka have been used to develop
gated communities. These are either converted lands or those that are
co-owned by the original owner for a certain long period. Development of
villas and weekend homes is rampant here,” says S Singh, of Shree
Ganesh Real Estates, a local broker active in these deals.
However, several of these areas have
witnessed disorganised development due to the mushrooming of independent
developers resulting in uncoordinated planning.
Read entire article on http://mchithane.org/Observe-precautions-before-buying-farm-lands-in-Maharashtra.html
About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact us at - (+91) 9833 4583 23 or Email us - mchithane@gmail.com
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact us at - (+91) 9833 4583 23 or Email us - mchithane@gmail.com
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
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