Partake in the bountiful profits of land without falling into any traps along the way!

Fraught with the thought of securing their future financially most people tend to fall for gilded cage traps that more often than not tend to play on mankind’s intrinsic reaction of falling for tall promises and making quick money. Usually, people tend to see the ‘realisation of their dream’ when they see something that ‘assures guaranteed attractive returns’ and judgment & rationality relegate themselves to the backseat and greed takes over the drivers seat.

Have we not come across umpteen cases of these kinds where unsuspecting (and highly educated) individuals, possibly even people like you and me, have found themselves ensnared in deals that start off just great and then quickly take a downhill turn for the worse. Bank account phishing, overnight money double gimmicks, property deals and land plotting transactions being the most common of these kinds of cases.

In the case of property dealings and plotting transactions it is very easy to get tangled in a web of documents and paper works that seem outwardly genuine besides individuals promoting such shady deals cleverly demonstrate a few ‘genuine’ customers who’ve benefited from such investments, following which gullible customers get further lured. Important papers are given a cursory look-see and decisions which call on legal knowledge and expertise are taken in a rush (and we all know what happens to snap decisions taken in haste!?)

Did we hear you say Catch 22

While on the one hand frauds and scams in plotting transactions are commonplace, the fact that land is (and has always been) one of the most valuable assets in today’s time is also unarguable. The land values of plots have increased over 800% in the last 23 years and these are cold indisputable data records that are verifiable facts, often corroborated in dailies, periodicals and rating authorities.

Now coming back to the Catch 22 situation we spoke of earlier, given these astounding figures the common man is not to be entirely blamed for falling for property traps, isn’t it?

So what should someone like you and me do?

Turn a blind eye to the opportunity that lies within purchasing land plots or make a smart decision of purchasing a plot with a builder/ real estate company that is 100% genuine, assures of absolute legality, shows clear title plots and is not in a rush to take the Patta , Chitta, Adangal (documents) and Land tax receipts back from you.

Nodding your head in agreement? We thought so!

Check out the title first

As a responsible builder operating in this space, we have ensured that customers are first given a copy of the title. Why do we do this? Simply because checking the title is (and always should be) one of the most significant checks you must make, oftentimes even before you consider verifying other documents.

A clear legal title on the land besides which you will need to delve into the previous ownerships and check the status of the land for it being a government reserved land or otherwise, besides which, most importantly it will ensure that the plot has a clear title.

Having the Non Agricultural (NA) status on the land is imperative and one can understand the issues arising out of it if one is to look at the recent ban on land conversions by The Madras High Court. By stating that the registration of any plot of land which has not been duly sanctioned besides which conversions of land from Agricultural to NA (Non-agricultural) in a haphazard and chaotic way is banned henceforth, the court directive made it amply clear that illegal constructions, land conversions and the free reign of fly by night operators conning unsuspecting individuals would not be tolerated anymore.

(http://www.thehindu.com/news/national/tamil-nadu/high-court-bans-registration-of-unauthorised-plots/article9091513.ece)

Putting the spotlight on genuine builders/ real estate companies that guarantee absolute legality and are not afraid to show their clear NA titles, plots that come with ownership, occupancy, land’s proof of rights, important tax receipts such as the land revenue receipts and allotment letters, the directive ensures that customers and legitimate plotting project builders are allowed to enjoy and partake in the bountiful profits that land so obviously provides.