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5 Mistakes to Avoid While Buying a Commercial Land for Sale

mistakes to avoid while buying commercial land

Struggling to make money out of the commercial real estate?

You are not the only one. There are so many people who belong to your clan. I know how hard it is to digest when people buy commercial properties and settle in life quickly. 

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Do you know what they do? 

They don’t make mistakes. They learn from other’s mistakes. That’s the key to success in commercial real estate. 

The good thing is that you learn from others’ mistakes. This helps you to know the pitfalls before stepping in. 

Things you don’t know hurts you more. If you want to make more money out of the commercial real estate, then you should avoid these 5 mistakes. 

These deadly mistakes are committed by most of the people in India. Even real estate tycoons have made these mistakes and lost millions. 

The myth surrounding commercial real estate: Realizzer 3D Studio Crack 

  1. People say it involves a lot of money. 
  2. They say only business genius can do it. 
  3. Finally, they say you are NOT QUALIFIED to do it. 

1. Choosing the right location for commercial real estate

Once you buy a commercial land for sale that is not suitable for your purpose, then you should be ready to face reality. 

Imagine you want to build a shopping mall and you buy a commercial land in a location that does not have proper connectivity to other parts of the city.

Then, how can you expect people to come to your complex? 

That’s why I say Location should be your prime focus when you buy a commercial land for sale. 

Few things to consider: 

  • Easy access by highways, public transit, etc.
  • Water availability. 
  • Close to amenities such as supermarkets, shopping malls, schools, colleges, residential projects, etc. 

2. Zero Development Potential 

The development potential of the commercial land you bought decides the fate of your income. You must ensure that it is possible to build upon the commercial property. 

You will lose your money even if you buy a commercial property in a prime location. Yes, it happens when you can’t build upon it. 

Ask these 3 questions to yourself and make your buying decision. 

  • Is your soil healthy enough to support the building you want to build?
  • Is the land prone to flooding or other disasters?
  • Does the sewage system has easy access? 

Get answers to these questions before buying commercial land for sale. 

3. Not Working With a Team of Professionals

Hire a commercial real estate agent, attorney, tax auditor. They will help you to evaluate the land and make the right buying decision. 

Read and understand the purchase contract completely before buying a commercial land available for sale. It would be better to hire a lawyer who can guide you in the process. 

I would suggest you buy commercial property from Pahani

Buying commercial land from them is like buying an iPhone from Apple. Your land is 100% safe and you will get good returns. They have a team of experts who have vast experience in the field of Real estate.

4. Incapable of Assessing the Space Needed for Commercial Real estate

A proper estimate and planning are all you need to asses the required amount of space. Always give some space for expansion. 

Especially when you are planning to build a business center, there are high chances that you will expand your business. Suddenly you can’t create space for expansion. 

If you can’t expand, productivity will be affected. Relocation involves a lot of money. So, it’s good to plan well ahead and execute it properly. 

5. Not Reselling the Commercial Property at the Right Time

Most of the commercial real estate investors buy commercial land for flipping purposes. They buy the land when the market is down and sell it when the market goes up. 

When newbies see this flipping process, they get tempted and jump into commercial real estate. 

That’s wrong. 

If you are solely looking for reselling, you should be aware of the market. Real estate is an unpredictable market. So, you have to be very careful about market fluctuations. 

Just wait for the perfect time to sell your commercial land. If you are not able to assess the market conditions, I would suggest you hire a real estate expert to get it done. 

Conclusion

Buying a commercial property should not be taken lightly. The commercial land shown by the agent might tempt you to close the sale. The agent’s job is to sell the commercial land to you and get a commission. 

It’s your job to know more and make the best buying decision. 

Researching about a commercial land for sale is a tedious and time-consuming process. If you invest your time to do these things, then you will surely buy the best commercial land. 

Having more information beforehand will help you as a buyer, landowner, and developer. 

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5 Quick Tips to Buy Cheap Agriculture Land for Sale

Quick Tips to Buy Agricultural Land for Sale

Are you tired of a 9 to 5 job that really sucks? Actually, it’s not a 9 to 5 job, people work till 10 pm. My god, that’s not acceptable no matter how much you get paid

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Buying cheap agriculture land for sale will solve all your problems.

I really appreciate you for considering agriculture as your secondary source of income. 

Wait a minute! You are actually wrong.

It shouldn’t be your secondary source. Agriculture should be your primary source of income because it’s reliable and lucrative. Not like the one you are doing now. 

When you hear the word “Cheap”, two thoughts will popup.

  1. It is of cheap quality and you don’t buy it.
  2. You buy the land because it is inexpensive. 

Either way, you are going to lose money. I am serious. If you buy cheap agriculture land, then you should be ready to compromise on a few things. 

As you are a novice, you don’t have any idea about where you should compromise and where you shouldn’t. 

Don’t worry. I am gonna reveal those secrets behind buying a cheap agriculture land and making money out of it.

Buy a Cheap agriculture land for Sale close to Urban Growth Boundary

Choosing an agriculture land by just looking at the price will help you in losing your savings. It’s true. 

Always choose the land which is near urban areas, especially close to the urban growth boundary. Urban growth boundary is nothing but a line that separates urban areas and rural areas. 

Let’s say you buy a land in the outskirts of Hyderabad. If that land is close to the urban growth boundary, then there is a higher chance that the government will expand the boundary as a part of their urban development plan. 

Automatically, your land value will increase. That’s good news. 

If government plans for infrastructure projects in future near your land, then its a jackpot. Investors will knock on your door every day with a bagful of money.Realizzer 3D Studio Crack 

Keep Complete Land History in your Hand

If you buy a cheap agriculture land for sale that has legal issues, you should forget the money that you have invested. 

For acquiring or transferring an agriculture land, you must be well aware of all the laws pertaining to that land. This helps you to understand the legal history of that agriculture land. 

In many states of India, you must be a farmer to buy agriculture land. This law is not applicable in all states. 

Apart from legal, you must know who owned that land in the first place, how owners changed over time. 

Actionable tip: It takes a minimum of 1 year to understand these laws and know the land better. 

Instead, 

  • Hire an agriculture real estate agent who knows a to z about agriculture land acquisition.
  • That agent would definitely have contacts with law specialists who will take of the law part.

Choose between Resale and Cultivation

Urban Investors make huge money from the resale of agriculture land. 

Ever wondered how they do that?

They follow a magic trick that has 2 parts:

  • Buying an agriculture land at cheap price. 
  • Waiting for the right time and sell it at a higher price. 

If you have read this blog completely, then you can easily buy an agriculture land at cheap price. 

Waiting for the right time to sell and getting healthy returns is not an easy task. Your hard work and smart work should dance in tandem to get it done. 

Cultivation is another way of earning money from your agriculture land. If I were you, I would rent your farmland to someone who knows to do farming. By this way, you will have a steady income every month. 

Keep this in mind:

When you don’t know something, but still you have to do it, then leave it to the experts.

Clear Idea about the Location of the Agriculture Land

Will you buy a house in a place which is affected by adverse weather conditions often?

No. Right? 

Agriculture land is equally important like your house. Treat it that way, that’s what helps you to make better decisions. 

  • Buying farmland which doesn’t have enough water resource for farming.
  • Extreme weather conditions like torrential raining, drought and strong winds might affect your land value. 
  • Accessibility matters. If the agriculture land is remote and difficult transportation will not help you in any way. No one will buy your land.

Buying Cheap Agriculture land for Sale from Trustworthy Online Websites

Do you know why people prefer buying houses instead of plots?

It’s easy to buy a house which already has all the modern amenities. 

Apply the same principle here. 

Instead of worrying about legal complexities and resale value, what if you buy an agricultural land that is tailor-made for your needs. 

You heard it right. 

Just like you find a fully furnished house with modern amenities, there are trustworthy realtors who will help you buy cheap agriculture lands that are readily available for sale. 

The only question you should ask yourself before hiring their service:

Can I trust them?

If the answer is No, then do some groundwork and find the best agent who is reliable and specialist in this business. 

Don’t worry. I will help you with that. 

From 20 years of experience in agriculture real estate, one important thing that I have learnt. I am gonna share that secret with you. 

Buy agriculture land through online. They offer farmlands that are free from legal issues and ownership complexities. You can get your desired land at cheap price.

To buy cheap agriculture land from a trustworthy firm, you can check the land readily available for you. 

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Benifits of Investing in Real Estate

Real estate is one of those few investments which does not suffer depreciation even in sore market conditions. The current annual increase in India is varying from 3 to 10 per cent and this is a significant number and a lot of this is factorized by the current global position of the country.

To increase foreign investments, the regulations have also been altered in a way as to allow NRIs to pump in foreign funds for real estate transactions.h
If you are looking to invest in the real estate space are looking for sound, researched, and sensible data points to help you make the decision, then, this one is for you.

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Generate passive income:

Investing in real estate either in their nascent form or after they are developed always opens avenues for passive income. You could either rent or lease the property depending on the nature of requirement and have an inflow of steady extra money, and the best part is, most of it is tax-free. Aggressive investors, use a small sum of capital to make up for the initial down payment and later use the revenue generated to clear their debts with the lending institutions.

A sound retirement plan:

Worried about inflation and the cost of living that’ll be when you retire? Fret not, for investing in real estate now, will only increase its market value.
With a real estate investment in your plan, your retirement is going to be smooth at the least, if the market is right, you could always let go of a property to make that world tour dream of yours into a reality.

Cyclic in nature:

Real estate investments are cyclic in nature, i.eafter having acquired a piece of real estate or an empty plot, you can always lease it or rent it for a specific period of time, after which that real estate property rejoins the market and is then bid for at the current market value. This cyclic nature can help get in more rolling income along with your regular income.ZaDark-Zalo Dark Mode

That’s not all, with the current prediction modules, the inflation in real estate shows a positive uptrend in all the major tier 1 and tier 2 cities and their neighbouring regions in India.

Measured performance:

Unlike gold and a few other assets that have a high liquidation value, real estate is time taken. But, when done right, it has the potential to offer the right player manifold returns.

Investing in real estate is not just about pumping in money to said properties, it involves math, market survey and a plethora of other factors which feeds mountains of data to real estate experts like Pahani.com to come up with the best investment opportunities and predict investment modules to make it easy for their clients.
Reach out to us for a quick discussion on your next real estate investment opportunity and our guys would be glad to point you in the right direction.

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Think smart before buying a land

Buying a land in today’s real estate market requires smart thinking. Owning a piece of land can provide security and peace of mind to our lives. Since real-estate is a fast-paced market, you have to strike the right deal at the right time which is important. In this blog, we will brainstorm smart tips to consider while purchasing a land that can benefit.

Do market research

Since the real-estate market is fast-paced, it is advisable to do your initial research about current trends. Often times, there are a large variations in the land value owing to location and infrastructure facilities. It is sensible to get a feel for the market and know what your piece of land is worth. The least thing one wants to happen is to be fooled by the property owners. The market research helps to analyze and thereby ensure your property is worth the value before purchasing. Once you have found the right property negotiated at the right price then you have sealed a deal.

Land appreciation value

When you invest in plot, it becomes duly important to understand the financial landscape and look at the big picture. It’s all about capital gains. In stock market it’s called value investing – where a trader will pick undervalued stocks, and play the waiting game for the stocks to appreciate in value. Similarly, properties located within city limits may have higher land value now, compared to the ones on outskirts. However this may not be the same, as cities continue to expand, just like value investing in stock markets the real estate value will also boom. So, always care to look at the big picture of land appreciation value while you look for property.

Ensure utilities are covered Stereo Tool 2022 Crack 

Water and basic amenities are decision factors while you decide to buy a land. Are these facilities going to be taken care by municipality or through own arrangements?

Some other questions that you need to ask are:

  • What about fencing for the plots?
  • What about security?
  • What about electricity?

 

 

Long-term planning

Timing is everything in real-estate investment. Many of us do not plan our real estate investment properly and regret later. If you want to be successful in buying the right property one needs a clear vision on purchase plans. For example, are you buying land as an investment option? Or are you planning to build a home or commercial place in the near future? Addressing these questions and thinking in long-term can fetch better capital gains.

As we conclude, this article enlightens on making the right choices like market research and thinking long-term for capital gains before buying a land. Following these guidelines and tips can put you on the lane to own our next property.

Pahani has been serving the community by connecting buyers and sellers with approved plots across India. Please visit www.pahani.com for your property needs.

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The Historical facts about Land ownership in India

The Historical facts about Land ownership in India

Land ownership reforms in India started with the British rule to generate land revenue and for administration purpose. The British have stayed in our lands for over two centuries that is from the year 1757 to 1947. During this time historical events of land ownership have taken place. In this blog, we shall discuss about the land ownership systems in India that influenced the lives of farmers and the British Government.

Before the British stepped their foot in our land, there was no such concept as formal individual ownership of land in India. Many new land ownership systems began to come afloat during their rule in India.

The Zamindary system

The zamindary system was founded by Lord Cornwallis during 1973. The zamindary system came into existence as there was no formal individual ownership of lands prior to Brithish rule. So, the earlier experiments to collect revenue brought lot of suffering towards farmers. Thus came the Zamindary system into limelight to bring a Permanent Settlement arrangement that will benefit all the parties viz Zamindars, tenant farmers and the Government.

How the land ownership woks?

In this system, the Zamindars act as intermediaries between the peasants and the state. The Zamindars were given the privilege to act as landlords. And in turn, they were entrusted with the responsibility to collect rent from the farmers.

The Zamindary system served twin purpose – firstly it induced the revitalization of Indian agriculture, and secondly there was security of revenue as it was a Permanent Land ownership arrangement. Infact, the Zamindary system replicated the landowners after the English model to create a loyal and stable body of landowners.

Though the land arrangement was beneficial, neither the tiller nor the government reaped rewards, but the Zamindars and the intermediaries. Due to the increasing number of intermediary connections, the incomes were multiplied at the expense of the government. This gave way to a new way to a better kind of land system for the ryots – The Ryotwari system.

Ryotwari land revenue system for farmers

If the Zamindary system served as a Permanent land solution, the Ryotwari system was devised as a temporary agreement directly with the ryots or cultivators, removing the need of Zamindars and thereby fostering growth by direct connection to peasants.iMazing (2022) Crack.

The ryots were empowered and were brought directly under the state. As a result, the ryots were recognized as the proprietors of property, so they were allowed to sublet, mortgage or sale. Being owners of the land, there was more likelihood that the ryots will make good improvement of the land. It was also argued that the ownership of property will encourage enterprise and raise the standard of living. The ryotwari system was again hailed by the British as the precursor for stability and peace in the country.

Hoever, the greediness of the British Empire for higher revenues, left the ryots with nothing in hand beyond basic needs. The higher rates of land revenue exceeding 50 percent of agriculture revenue left nothing for farmers to invest in agriculture. The high ambitions of ryotwari system only remained in paper and the extent of agriculture cultivation did not see any improvement; and above all the peasants lives were below standard. These incidents shattered the enthusiasm on private ownership of lands conferred upon the ryots.

Mahalwari system – A unique idea

Under this system, the whole village was treated as a unit and the village lands were held jointly by the village communities.

The private ownership of lands became a hassle for all the parties especially the ryots and the British government. The then Governor General Willian Bentick laid the idea of the Mahalwari system in the year 1833. In this system, the whole village was treated as one unit and the village lands were held jointly by the village communities. The Mahalwari system was first adopted in Agra, Oudh and later extended to Punjab.

The idea centrally focuses on every man able to cultivate and pay for himself, but everyone is responsible for each other and they are held together by a joint responsibility.

Post-independence and Modern real estate laws

Though there was no individual land ownership, the British brought the land reforms that would secure revenue and improve agriculture and thereby the standards of living. However, the land reforms posed problems of unequal land distribution that affected the famers and huge divide among society. Post-independence, India had to undo a lot of damage the British had done to our economy and society. The unequal distribution of lands led to many series of land reforms that focussed on abolition of intermediaries which started in 1948 with the law enacted first in the city of Madras (now Chennai). The other major land reforms include the ceiling on land holdings, wherein the legislations were revised based on the guidelines formulated during 1972. In an attempt to reform tenancy, the tenancy legislation took three forms i.e. to regulate rent, provide security of tenure and confer rights of ownership. These new land reforms led to equity in the society, economic growth and agricultural prosperity during post-independence.

Real Estate Act (2016) comes into force

Making a transition from the British rule to the modern post-independence India, we witness a new form of land regulation in our country. The much anticipated Real Estate (Regulation & Development) Act, 2016 was given the President’s nod and came into force during May 2017.

The Real Estate Act overlooks the aspects of registration of real estate projects, checklist of documents for a registering a real estate project, registration of a real estate agent, duties of a promoter and rights of a homebuyer.

Understanding RERA and its function in real estate

RERA is an authority under the Real estate Act to ensure that the promotion and sale of land is done in a transparent and efficient procedure to protect the consumers.

How the RERA authority operates

  • Protect the interest of customers and promoters
  • Ensure clearances for real estate project
  • Create transparency in grievance redressal process
  • Encourage investment in real estate industry
  • Facilitate amicable dispute resolution between promoters and consumers
  • Facilitate the digitization process of land records
  • Real estate agents are required to register under section 20 with proper application that can lead to organized way of buying and selling in real estate market.
  • Maintain a website for general viewing of all the real estate projects
  • Provide information and conduct investigation wherever it considers expedient
  • Issue interim orders to prevent any promoter agent from carrying acts in contravention to the Real estate Act

Through this blog, you might come to know about the land reforms in our country that primarily started with the British rule and paved way to equal distribution of lands by modern post-independence laws. Modern real estate laws are in effect that protect the consumers and regulate the real estate industry.

Stay tuned to our blogs for regular updates on real estate industry and property related information. Please visit our site if you are looking to buy approved lands from verified sellers.

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Real estate experiences a bullish market in Telangana

Real estate experiences a bullish market in Telangana

In the last couple of years, areas surrounding Warangal, Mancherial, Yadagirgutta, and Bhongir have experienced a rapid influx of real estate prices averaging at 500-600 percent. This has resulted in increase in land transactions.

The sub-registrar’s office is now receiving up to 20 transactions per day when compared to 2-3 transactions earlier.

The real-estate in Telangana state’s capital Hyderabad is also experiencing a paradigm shift with over 69 acres worth over INR 703 crores being abutted through auctions.

Areas near ISB, Manchirevulu, Financial district have seen its worth bloom with top class hoteliers, Builders, and MNCs showing their interest.

‘The international airport is just a 15-minute drive away and that makes this area all the more important to us’ said a consultant to a renowned Multi-National Corporation.

In the next 3 to 5 years, the Golden Mile is expected to be equipped with facilities that will outsmart the likes of Madhapur, Gachibowli, Jubilee Hills, and Banjara Hills.

With the real estate booming, we are trying to offer our clients the best prices when it comes to buying new plots or for selling existing ones. If you are on the lookout to conduct a real estate transaction, contact us, our experienced personnel with rich onfield experience will be able to cruise you through an error-free and smooth process.

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11 things you should know about before investing in agricultural property

11 things you should know about before investing in agricultural property

With the improved purchase power and increase in the lookout for alternative sources of income, a large majority of Indians from the entrepreneurial and working classes are looking to make a shift towards agriculture. But, before you make the leap, here are a few essential tips to get you started.

Measuring the land:
A few realtors and brokers tend to cut corners sometimes while dealing with property sales. A best practice by the industry experts is to measure the property by your own agents or to outsource it to a trusted 3rd party agency. This way, you’ll be informed of the dimensions of the real estate property you’re about to invest on and if it matches with its official documents.

Purchase or inherit:
India is an agricultural country, that said, not everyone has the right to purchase agricultural land in India. Land and its resources are under the jurisdiction of the state government, hence, the rules of purchasing agricultural property vary from state to state. It’s always advisable to consult a trusted real estate agency or set an appointment with your local Tahsildar’s office to know more about it before making a hasty investment.

Annual Income:
The government of Karnataka in its last amendments on agricultural lands/wetlands has increased the bar. Previously, anyone with an annual income of more than INR 2 Lakh was eligible to purchase an agricultural property. Now, the eligibility criteria have been pushed significantly to INR 25 Lakh.

Land type:
To be successful in an agricultural venture, you should be well aware of the types of crops, the inflow of water, the type of soil, and market conditions among others. In this context, however, knowing the type of crop that can grow in the land you’re about to invest in plays a significant role. To know more about the soil and its physical attributes, getting a sample of soil from the property tested is the best bet.

Purchase limit:
The government of India has set regulations in place that allows any interested parties to only buy a particular set of land, regardless of the wealth they possess. In a few states, this limit is set to 17 acres while for some, it’s as high as 52 acres.

Depending on the state you’re looking to purchase it, the rules will vary.

Free advice:
Contact a trusted realtor

NRI’s cannot invest:
Yes, you’ve heard that right. If you are a Non-resident Indian, you are not allowed to invest in agricultural properties in India. That said, there is no limitation on letting you purchase residential properties.

On the flip side, an NRI is allowed to inherit agricultural property. Isn’t that a catch, for according to the Indian constitution, only someone with a farmer’s lineage is allowed to purchase agricultural property in most cases.

Construction on agricultural land:
Agricultural property can only be used for irrigation, animal husbandry, and poultry farming. Construction of any properties on an agricultural property will be considered illegal unless it is imperative for its functioning. A 1200 sqft house, a barn, a shelter for animals in the farm fall in the permissible category.

Get the paperwork right:
Ensure that all the pre-purchase research doesn’t go to waste. While purchasing that next agricultural property, ensure that you’ve checked all the things that need to be done legally and scientifically. Hiring a trusted real estate agency with great reviews will help you get the job right, for, they with their reach and resources will be able to gather deeper and farther insights on that piece of real estate.

Encumbrance certificate:
Don’ forget the encumbrance certificate, it can be dated back to 30 years and is an official statement declaring the property free of any previous or ongoing legal disputes. You can always get this at the local sub-registrars office.

Annual income from centre and state:
The central and the state government, individually have come up with accords to promote more agriculture in the nation. Apart from a variety of grants, people investing in agriculture are embossed with a plethora of subsidies, buyback programs, and discounts among others.

This is the icing on the cake.

The market cap:
Agricultural lands too witness exponential growth in its value like commercial and residential properties. Over the last decade, the scenario of a huge was never predicted by economists and there were no unpredicted occurrences either. This stands as a testament to the fact that investing in agricultural lands can also be to make good investments for the future if not for immediate farming.

There are a lot of pros and cons of investing in agricultural lands and consulting an expert like Pahani before making an informed buying decision is advisable, for, their expertise and on-field experience has never failed to amaze. That said if there are any other points that you can think of, feel free to mention them in the comments section below. We’d be happy to engage you.

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