Q:I have a 3 acres land in Dapoli (Ratnagiri) dustrict. I need to convert 1 acres portion of land into NA and then further smaller chunks to sale individual plots. Need to know all legal assistance and advise on how to progress? what challenges? what would be the estimated cost of this? Papers are clear and plot is road touch.
Latest Answer: Even i read this news stating that a GR issued on 5th January 2017, states that if the charges are paid_conversion tax, non-agriculture fee and other taxes, then the land should be converted for non-agriculture purpose within 30 days of all the necessary payments.
Q:I have a plot in Eiffel Olympia , Pune. As per agreement the plot is classified as Commercial NA. Can I build a home for residential purpose legally ? If Not what would it take for me to build a home legally
Latest Answer: Hi friends!!
New order makes land use change easier in Maharashtra. According to the new order, the premium will be charged according to the demand for change in land use. For conversion of agricultural land to residential land, the premium would be 50% of the total value of land as per ready reckoner rates.
Q:I have booked a flat in Dum Dum area, Kolkata, 7 months ago paying 20% of the sale value. At the time of booking I was informed by the developer that the land is not converted (from agricultural to residential) and also no mutation has been done from BLRO. However, I was informed that these would be done in due course of time and before I apply for housing loan with banks.The status right now stands that the mutation has been done but conversion has not been done and the developer informed that he will not do so and I have the option to cancel the booking. Also, when I approached banks for housing loan, reputed banks like SBI refused to provide loan in the absence of conversion papers. However, there are some banks and financial institutions which are ready to provide loan without conversion papers and some have in fact already approved the whole project.Now the question is: 1) Is it advisable to go ahead with the property or cancel the booking?2) If I go ahead with the property, would there be a problems in future (like for flat registration, flat mutation or anything else you are aware of)?3) In future will it be possible to resale such property without any problems?