Land Buying Guide
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- Land Buying Guide
Land is inarguably one of the best investments if you are looking for the highest returns. But what
are the technicalities and legal sanctions associated with buying a land? On what type of land can
you build a home? How much area of that land can you actually use to build a home? Learn
about this and more here –
A few technical terms you should get yourself acquainted with
- NA Land: Non-agricultural land
- R-zone: Residential zone
- FSI: FSI stands for Floor Space Index also known as Floor Area Ratio (FAR). FSI means the ratio between the area of a covered floor (Built up Area) to the area of that plot (land) on which a building stands.
Type of Non-Agricultural Permissions
Types Of Non-Agricultural Permissions | Types Of And Required For NA Conversion | Bifurcation Of Total Land Under Sanctioned Layout | Usage | FSI Available Under Respective Sanction Layout | Is Individual 7/12 Extract And Sale Deed Possible | Is Bank Finance Possible? | How Can You Purchase In Our Name? |
---|---|---|---|---|---|---|---|
RESIDENTIAL N.A. | Land either coming in 200 mtrs. or 500 mtrs. from Gaothan limits or land area having 25 Acres or more can be converted for residential use. Provided that, the subjective land falls under agricultural or residential Zone | 10 % open space 15 % amenity space 75 % under Road and open Plots | For residential use only | From 1 : 1 to 1 : 1.6 | Yes | Yes. In 70 : 30 or 80 : 20 ratio. | Via Agreement to sale and later Sale Deed in your name |
Types Of Non-Agricultural Permissions | Types Of And Required For NA Conversion | Bifurcation Of Total Land Under Sanctioned Layout | Usage | FSI Available Under Respective Sanction Layout | Is Individual 7/12 Extract And Sale Deed Possible | Is Bank Finance Possible? | How Can You Purchase In Our Name? |
---|---|---|---|---|---|---|---|
INDUSTRIAL N.A. | Land either coming Industrial Zone or MIDC or any Agricultural land can be converted for Industrial use according to the prescribed norms /policies published by Maharashtra Government time to time | 100 % under road and plots | For Industrial use only i.e. for building a structure for industry only and which cannot be used for residential use | 1:1 only | Yes | Yes | Via Agreement to sale and later Sale Deed in your name |
Types Of Non-Agricultural Permissions | Types Of And Required For NA Conversion | Bifurcation Of Total Land Under Sanctioned Layout | Usage | FSI Available Under Respective Sanction Layout | Is Individual 7/12 Extract And Sale Deed Possible | Is Bank Finance Possible? | How Can You Purchase In Our Name? |
---|---|---|---|---|---|---|---|
TOURISM/RESORT N.A. | Any land which can be sanctioned under MTDC tourism policy | 100 % under road and plots | For Tourism purpose only. These Plots cannot be sold and which only can be leased. In this layout only Plinth is sanctioned and there are no free hold plots | 0.010 on total land area under layout | No | No | Cannot be purchased. only long lease agreement of the Plinth. And non-transferable. |
Types Of Non-Agricultural Permissions | Types Of And Required For NA Conversion | Bifurcation Of Total Land Under Sanctioned Layout | Usage | FSI Available Under Respective Sanction Layout | Is Individual 7/12 Extract And Sale Deed Possible | Is Bank Finance Possible? | How Can You Purchase In Our Name? |
---|---|---|---|---|---|---|---|
GODOWN N.A. | Any land which can be sanctioned for godown/storage usage | 100 % under road and plots | For storage/godown purpose only. It is a Plinth layout and not a freehold plotted layout. | from 0.010 to 0.025 | No | No | Cannot be purchased. only long lease agreement of the Plinth.e |
Types Of Non-Agricultural Permissions | Types Of And Required For NA Conversion | Bifurcation Of Total Land Under Sanctioned Layout | Usage | FSI Available Under Respective Sanction Layout | Is Individual 7/12 Extract And Sale Deed Possible | Is Bank Finance Possible? | How Can You Purchase In Our Name? |
---|---|---|---|---|---|---|---|
FARMHOUSE N.A. | Any agricultural land which is 1 acre on individual name can beconverted into Farmhouse Non-agricultural Plot | 100 % under road and plots | For residential use only i.e. for constructing a bungalow or farmhouse. | 0.40 of 1 Acre plot i.e. 1600 sq. ft. on 40000sq.ft. | Yes | Subjective | Via Agreement to sale and later Sale Deed in your name |