Q:Hello Experts, I am planning to invest in Farmhouse/Agricultural plots around Hinjewadi, Pune.My budget is around 7-8 lakhs. I understand that investing in farmhouse (Non NA) plots is a risky investment, but I am planning to go through a well known agencies who already have the plots developed, which nullifies the risk of encroachment,etc. Please suggests what all leagal things I need to take care of and what documents should be checked before investing in such plots. Thanks!!
Latest Answer: To purchase a piece of land, the following documents are required from the seller's end: 1) Original Land Deed of the current owner, known as the 7/12 document and also the previous owners with the proper names on the title. 2) An Encumbrance Certificate from the Sub-registrar's office for the last 30 years at least. 3) Release Certificate from the bank, stating that the loan on the land has been completely repaid.
4) Original property tax receipt and other bills relating to the plot.
