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Nestled amidst lush green valleys, a picturesque hill station near Mumbai captivates visitors with its enchanting beauty. Located just 65 km from Pune via road and 83 km from Mumbai via road, it is an ideal getaway for nature lovers and adventure enthusiasts. This hill station is considered one of the best tourist spots in Maharashtra. Its serene atmosphere, pleasant climate, and abundant natural wonders make it a must-visit destination for those seeking tranquillity and rejuvenation.
Why invest in Lonavala?
Investing in plot lands in Lonavala is attractive as it doesn't require a big-ticket investment. These plots offer better resale prospects, making them a lucrative investment choice. Moreover, they serve as an excellent option for a second home, allowing one to enjoy a quality lifestyle in a serene environment. The Mumbai-Pune expressway ensures excellent connectivity to Lonavala, making it easily accessible. Plots also offer greater flexibility in terms of design, allowing owners to customise their dream homes. Additionally, the traffic-free environment around these plots adds to their appeal, making them a desirable investment for those seeking both financial returns and a peaceful living experience.
What type of plot properties are available in Lonavala?
- Villa plots
- Independent houses
- Residential plots
- Residential properties
Is real estate in Lonavala evergreen or volatile?
Thanks to its prime location, excellent connectivity, and promising return potential, Lonavala remains the top choice for investors. With its scenic views of pristine green hills, Lonavala offers a picturesque setting for investment. It is conveniently located 96 km away from Mumbai and 64 km from Pune, enjoying good road and rail connectivity. The Mumbai-Pune Expressway ensures smooth travel by road, while intercity express, mail, and passenger trains provide convenient rail options. Additionally, Lonavala boasts a high return potential, making it a lucrative investment opportunity for those seeking profitable returns on their investments.
What are the advantages of owning a plot in Lonavala?
Land appreciates better than apartments because the availability of land is limited.
Upcoming infrastructural development in Lonavala
PMRDA has approved the proposal to allot funds for the development of the Pune- Lonavala rail infrastructure
Why is Lonavala in demand?
Lonavala is a picturesque hill station near two major cities of Maharashtra, i.e., Pune and Mumbai. It houses excellent boarding schools, alternate medicine centers, and spiritual retreats and hosts weddings, especially “ Monsoon Weddings.” Due to a decent commute to Pune and Navi Mumbai and excellent social infrastructure, Lonavala matured from a mere weekend destination to a real estate investment hot spot. Driven by residential demands, developers create land banks in and around the town.
USPs for investors
Green scenic beauty
Good Liveability index
Lower cost of property
High appreciation potential
Average Price of residential plots in Lonavala Vs. Major cities
The unit is in Rs/sq ft.
Pune- Rs 5104
Navi Mumbai- Rs 7299
Mumbai- Rs 5000
Thane - Rs 7583
Lonavala- Rs 1920
Economy of Lonavala
Tourism industry
Plants and training centres of companies
Chikki manufacturing business
About genuine Plots
Ready to make a wise investment? Choose Genuine plots for a hassle-free land purchase experience. Ensure transparency, avoid legal disputes, and enjoy peace of mind. Take the first step towards a smooth transaction today! Contact us to explore Genuine plots and simplify your land property-purchase process.
Maharashtra Tenancy and Agricultural Lands (MTAL)Act 32 G: Simple Tips for Buyers
Are you considering buying land in Maharashtra? Here are some tips from Genuine Plots to ensure a smooth and informed transaction:
- Land Acquired under Section 32G of the MTAL Act:
If you're eyeing a property purchased by a tenant under Section 32 of the Maharashtra Tenancy and Agricultural Lands (MTAL) Act, be aware that the sale of such land requires prior sanction from the Collector. Ensure that necessary orders for the transfer of title to the tenant are in place.
- Access to Land Parcels:
Check if the road connecting to the land is a DP (Development Plan) Road. If it's a private road, confirm its ownership. If the seller doesn't own the road, ensure that the seller obtains a right of way simultaneously with the sale deed.
- Conducting Physical Survey of Land:
Discrepancies between the area mentioned in title deeds and revenue records are common. Conduct a physical survey of the land to accurately determine its size. This step is crucial. It can impact the amount you pay for the land.
- Discrepancy in the Description of Land Parcels:
Land parcels often undergo sub-divisions, leading to differences in survey numbers, gat numbers, or CTS (City Survey) numbers between title documents and revenue records. Map the old and new survey numbers and establish clear boundaries based on survey or CTS plans.
In a nutshell, before finalizing any land purchase, it's essential to verify the legal aspects, access to the property, and conduct a physical survey. These precautions not only ensure a transparent transaction but also help prevent potential issues down the road.
Buying land should be an exciting journey, and with Genuine Plots' guidance, you can confidently navigate the process. Genuine Plots is your trusted ally when navigating the paperwork for land purchases in Maharashtra. Their expertise streamlines the process, ensuring that legalities are meticulously handled. Their guidance ensures a smooth transaction, giving you peace of mind as you embark on your land acquisition journey.
Your Simple Guide to Section 63 Maharashtra Tenancy and Agricultural Lands (MTAL) Act
When you're diving into the world of buying or selling land in Maharashtra, it's like navigating through a rulebook – and the key chapter you need to understand is Section 63 of the Maharashtra Tenancy and Agricultural Lands (MTAL) Act. Let's delve deeper to make your land transactions a breeze.
Getting to Know Land Transfer Rules:
In the language of Section 63 of the MTAL Act, transferring agricultural land to someone who's not a farmer needs a thumbs-up from the Collector or a state government official. But there are exceptions:
City Limits and Special Zones: If the land sits within a Municipal Council or Corporation or a Special Planning or New Town Development Authority area, then– no Collector permission is needed.
Non-Agri Plans: Lands earmarked for homes, businesses, or industries in regional plans or town schemes also get a pass.
Zone Certificate Detective Work:
To see if your land is in the clear, get your hands on a zone certificate from the competetent authority. If it says you're exempt, just pay the conversion fees when ready to build.
Cracking the Code for Industrial Plans:
- Bonafide Industrial Use: Section 63(IA) is your ticket to sell land without the Collector's permission for genuine industrial use. There's a list of what counts as genuine, but it's open to interpretation.
- Watch the Clock: If you're turning land into an industrial hub, make sure it's done within five years of buying it. Need more time? You can get another five years with a small fee.
Conversion Checklist:
Are you thinking of turning your farm into something else? If your land isn't in the clear from Sections 63(1C) or 63(IA) of the MTAL Act, get the conversion done before signing any sale papers. It's crucial because who applies for the conversion matters, and tax rules are different for farm and non-farm lands.
Now that Genuine Plots has unraveled these rules, your land dealings in Maharashtra should feel less like a puzzle and more like a straightforward journey.
When acquiring land, understanding the nuances of possession is crucial. Here, Genuine Plots will break down the types of possession every buyer should know in simple terms.
- Authorized Possession:
Obtained through ownership, grant, license, or lease.
Legitimate and sanctioned by relevant authorities.
- Unauthorized Possession:
Gained through encroachment or trespass.
Not sanctioned by authorities, potentially illegal.
- Wrongful Possession:
Conversion Without Approval:
Changing land use mandates permission under section 42 of the MLR Code 1966.
Possession becomes wrongful if the possessor alters land use without proper authorization.
Expired Lease or Tenancy:
Wrongful possession occurs if someone holds land after the lease or tenancy period expires.
This includes situations post-termination or breach of specified conditions.
State Government Lands:
If an individual occupies land vested in the State Government without authorization, it's deemed wrongful possession.
The Collector holds the right to evict such occupants, especially in areas reserved for government use, like grazing lands.
- Adverse Possession:
Title Acquisition Through Time:
Ownership title can be acquired by extended possession, even if gained through unconventional means.
Once adverse possession is proven, the original owner forfeits rights to the property.
More Than Physical Possession:
Mere physical possession isn't sufficient for acquiring title.
Regular registration in the possessor's name via Village Form VII-B during crop inspections is a requisite.
Legal Safeguards and Limitations:
Adverse possession is protected by a statute of limitations.
If the possessor maintains control for over twelve years, the true owner loses the right to challenge adverse possession.
Changing Land Dynamics:
Migration of landowners to developed areas left their lands exposed.
Local residents, cultivating abandoned lands with peaceful and continuous possession, gained legal ground through the "village form."
Legal vs. Illegal Possession:
Legal possession, backed by proper documentation, is safeguarded by law.
In contrast, illegal possession faces discouragement by legal provisions, outlined in the MLR Code, 1966, Section 59.
Collector's Authority:
Under Section 59, the Collector holds the power to summarily evict any person wrongfully occupying land due to legal constraints or conditions annexed to the tenure.
Key Points for Buyers:
Legal Protection: Legal possession is safeguarded by law, offering security to rightful owners.
Illegal Risks: Unauthorized possession is discouraged by law and may lead to eviction.
Wrongful Actions: Changing land use without permission or violating lease terms can lead to wrongful possession.
Adverse Possession: After 12 years of continuous possession, the possessor may acquire title rights.
Implications for Land Buyers:
As a prospective buyer, understanding the possession status is vital. Legitimate ownership ensures legal protection, while unauthorized or wrongful possession may lead to legal complications. Adverse possession, if unaddressed, can impact the rightful owner's claims over time.
Protective Measures:
Buyers should conduct due diligence:
Verify ownership and possession details.
Check for any unauthorized or wrongful possession issues.
Be cautious about land with a history of adverse possession.
Wrap Up
Legal possession is your shield, while unauthorized or wrongful possession poses risks. It's crucial to navigate the complexities of land possession to make informed decisions. Always consult legal experts or the Genuine Plots’ expertise and ensure proper documentation to safeguard your investment. Remember, knowledge is your strongest ally in the realm of real estate.
The sale deed emerges as a pivotal legal instrument, substantiating the transfer of property ownership from the seller to the buyer. For a seamless and legally secure property transfer, a profound comprehension of its fundamental components becomes indispensable.
Property Description:
This section provides a detailed description of the property being transferred. It covers aspects like plot size (in square meters), carpet area (for apartments), land registration number, construction details (including the construction date), exact location, and surrounding features. A schedule, along with a graphical representation, may also be attached to further elaborate on these details.
Details of the Parties:
The sale deed begins by detailing information about the involved parties—the seller and the buyer. This includes their names, addresses, contact details, occupations, ages, and the date of the sale deed's execution. If one party delegates the power to execute the deal through a Power of Attorney (PoA), those details are also included.
Sale Consideration:
The sale consideration is a critical component representing the mutually agreed-upon price at which the property is sold. This amount is mentioned in both figures and numbers within the sale deed to avoid any confusion between the buyer and the seller.
Transfer of Title:
This clause, often referred to as "Words of Conveyance," signifies the transfer of ownership from the seller to the buyer. It outlines the seller's intention to transfer the property's ownership to the buyer. The transfer of title makes the buyer the absolute owner of the property, either immediately or after a specific period.
Indemnity Clause:
The indemnity clause ensures that the property being sold is free from encumbrances. The seller declares that there are no liabilities attached to the property, such as loans, arrears, charges, taxes, water charges, electricity charges, and house tax. The seller certifies that all encumbrances are cleared and that the property is free from litigation.
Understanding these key components is crucial for both buyers and sellers in ensuring a transparent and legally sound property transaction. Additionally, it is essential to register the sale deed at the office of the Sub-Registrar of Assurances, as mandated by the Registration Act, 1908. This registration serves as conclusive proof of ownership.. A well-drafted sale deed with clear and comprehensive components is the cornerstone of a successful property transfer, offering security and transparency to all parties involved.
Set forth on your path to land ownership with assurance, backed by Genuine Plots. Our unwavering team is dedicated to delivering effortless paperwork support, guaranteeing a stress-free process in your land acquisition. Connect with us today, and let our committed experts lead you through, ensuring that your journey to land ownership is not only smooth but also filled with confidence.
Difference Between Agreement for Sale vs. Sale Deed Essential Insights for Plot Property Buyers
In the realm of real estate transactions in Maharashtra, a sequence of legal documents comes into play, each with its distinct role in facilitating the property transfer process. Among these crucial documents, the Agreement for Sale and the Sale Deed stand out, serving as pivotal instruments in guaranteeing a transparent and legally secure property transfer.
Understanding Agreement for Sale:
The Agreement for Sale, commonly referred to as the "Agreement to Sell" in the context of Maharashtra, serves as an initial understanding between the buyer and seller, outlining terms and conditions prior to the ultimate sale.This document outlines the terms and conditions, including property details, sale price, payment schedule, and possession date. It establishes the intention to sell/buy and serves as an essential understanding between the parties.
Key Points:
- Regulated by the provisions in Section 54 of the Transfer of Property Act.
- Registration is optional but recommended.
- Contains vital specifics such as property description, sale price, and payment schedule.
- Legal status: Establishes an intention to sell/buy.
Understanding Sale Deed:
The Sale Deed, also known as a Conveyance Deed, is the final legal document completing the transfer of ownership. Governed by the Registration Act, it contains comprehensive transaction details, including property specifics, final sale price, and terms and conditions. Once duly signed and registered, it legally transfers ownership from the seller to the buyer.
Key Points:
- Subject to the regulations stipulated in both Section 54 of the Transfer of Property Act and the Registration Act.
- Compulsory registration in Maharashtra.
- Contains all crucial details of the transaction.
- Legal status: Conclusively transfers ownership.
Key Differences:
- Nature of Document: Agreement for Sale is preliminary; Sale Deed is the final transfer document.
- Legal Status: Agreement for Sale establishes intention; Sale Deed completes the sale.
- Registration Requirement: Agreement for Sale registration is optional; Sale Deed registration is compulsory.
Conclusion:
While the Agreement for Sale initiates the property transaction, the Sale Deed concludes it by legally transferring ownership. Both documents hold distinct legal significance, and understanding their implications is crucial for a smooth property transfer process. Seek expert guidance from Genuine Plots for transparent transactions and guidance throughout the paperwork involved in buying plots.
With Genuine Plots' expertise, embark on a journey of transparent transactions and seamless property dealings when buying plots. Our commitment is to provide assistance and clarity, ensuring a secure and legally sound experience for every property transaction. Trust Genuine Plots for your peace of mind in real estate.
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