When it comes to buying a plot in India, the formalities and the rules and regulations are aplenty. India is a land (quite literally) predominantly of farmers and businessmen or farmers-turned-businessmen, and rarely the vice-versa is true. Therefore, the need to grow from a regular agricultural land is quite normal. In this blog, we would speak in detail about different kinds of plots and how they fare in today’s market.
Also known as farm plots or open land, these land parcels are used exclusively for agricultural activities. Agriculture, being the major contributor to the Indian economy, the amount of agricultural land available in our country is humungous. Keeping the controversies aside, the recent farmer’s protests might have also brushed up our knowledge in this particular area.
There are certain dos and don’ts when it comes to buying or selling agricultural lands. You are prohibited to develop residential or commercial projects in that plot. You are not allowed to sell it to anyone who is not a farmer. If you intend to sell it to someone who isn’t a farmer, you must put your land up for N.A. (Non-Agricultural) conversion and then once the conversion is done you may sell it to anyone. This brings us to the next kind of plot.
Just as the previous sentence said, NA refers to Non-Agricultural land and these plots can be used for residential or commercial purposes. By default, every land in India is defined as “Agricultural Land” unless until it is defined by some other purpose. In case the land is defined as NA, it’s not just for residential purposes. It can be classified further into these categories –
NA – Commercial
NA – Warehouses
NA – Resort
NA – IT
NA – Residential
Caveat emptor: Many real estate builders use deceptive terms such as “Proposed NA” to lure buyers into a honey trap. There are quite a number of cases where the land has taken more than 10 years to get the NA status. Let’s dive deep into the NA – Residential plots as there are many other categories where the land can be divided.
Residential Plots: These plots are unique for those who wish to build an independent home as per their taste.
Apartments: The real estate builders who wish to construct a cluster of the housing complex usually in high-rise or low-rise buildings can choose this category.
Villas/Row Houses/Bungalows: These residential plots come under the premium category as they are spacious and luxurious projects available at a higher rate than the usual because of space, location, etc.
Builder Floor: This allows a person to own an entire floor for independent living. These kind of spaces cost a bit higher than apartment floors and a bit cheaper than the bungalow plots.
With a legacy of more than 15 years in plotting, TMR Group has become a renowned brand in and around the region of Hyderabad. The brand offers clear title agricultural and NA plots for everyone in the country and even overseas to invest, make a living and progress with prosperity. The gated community projects ensure that your plots are safe and secure and you do not have to worry about their maintenance for at least a decade. That’s the TMR promise.