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Land Buying Guide
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Land Buying Guide
Land is undoubtedly one of the best investments if you are expecting good returns. However, before you proceed, it’s important to understand the legal terms related to property investments. This includes terms like technicalities and legal sanctions associated with buying a land, the type of land for building a home, the area of that land that can actually use to build a home.
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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.
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TYPE OF NON-AGRICULTURAL (NA PLOT/LAND) PERMISSIONS
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Types of non-agricultural permissions
RESIDENTIAL N.A.
Types of and required for NA Conversion
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
Bifurcation of total land under sanctioned layout
10 % open space
15 % amenity space
75 % under Road and open Plots
Usage
For residential use only
FSI available under respective sanction layout
From 1 : 1 to 1 : 1.6
Is individual 7/12 extract and sale deed possible
Yes
Is bank finance possible?
Yes. In 70 : 30 or 80 : 20 ratio.
How can you purchase in our name?
Via Agreement to sale and later Sale Deed in your name
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Types of non-agricultural permissions
INDUSTRIAL N.A.
Types of and required for NA Conversion
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
Bifurcation of total land under sanctioned layout
100 % under road and plots
Usage
For Industrial use only i.e. for building a structure for industry only and which cannot be used for residential use
FSI available under respective sanction layout
1:1 only
Is individual 7/12 extract and sale deed possible
Yes
Is bank finance possible?
Yes
How can you purchase in our name?
Via Agreement to sale and later Sale Deed in your name
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Types of non-agricultural permissions
TOURISM/RESORT N.A.
Types of and required for NA Conversion
Any land which can be sanctioned under MTDC tourism policy
Bifurcation of total land under sanctioned layout
100 % under road and plots
Usage
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
FSI available under respective sanction layout
0.010 on total land area under layout
Is individual 7/12 extract and sale deed possible
No
Is bank finance possible?
No
How can you purchase in our name?
Cannot be purchased. only long lease agreement of the Plinth. And non-transferable.
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Types of non-agricultural permissions
GODOWN N.A.
Types of and required for NA Conversion
Any land which can be sanctioned for godown/storage usage
Bifurcation of total land under sanctioned layout
100 % under road and plots
Usage
For storage/godown purpose only. It is a Plinth layout and not a freehold plotted layout.
FSI available under respective sanction layout
from 0.010 to 0.025
Is individual 7/12 extract and sale deed possible
No
Is bank finance possible?
No
How can you purchase in our name?
Cannot be purchased. only long lease agreement of the Plinth.e
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Types of non-agricultural permissions
FARMHOUSE N.A.
Types of and required for NA Conversion
Any agricultural land which is 1 acre on individual name can beconverted into Farmhouse Non-agricultural Plot
Bifurcation of total land under sanctioned layout
100 % under road and plots
Usage
For residential use only i.e. for constructing a bungalow or farmhouse.
FSI available under respective sanction layout
0.40 of 1 Acre plot i.e. 1600 sq. ft. on 40000sq.ft.
Is individual 7/12 extract and sale deed possible
Yes
Is bank finance possible?
Subjective
How can you purchase in our name?
Via Agreement to sale and later Sale Deed in your name
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