Hello. As someone who\'s been involved in real estate investments in Bangalore, I wonder is it safe to buy revenue site in Bangalore. It can be a safe option, given that you carry out the proper due diligence before making the site purchase. A plot which is made on agricultural land without conversion of land is called a revenue plot. I will tell you about all the due diligence to run before making the buying decision.
Due Diligence Before Buying a Revenue Site
Here are the checks you need to get done with:
Get the revenue plot documents checked by a lawyer. See if these documents are present - the sale deed and property tax receipts are examined.
Trace the title ownership of the last 30 years.
Check the title of the deed carefully to figure out the actual owner of the land. The name mentioned in the khata can not certify the actual owner.
Question the seller about the possibility of multiple stakeholders in the seller’s family. Mention the points and conditions in the document signed by you and the seller to avoid any tussle with a stakeholder from the seller’s family.
Ensure no minors are involved as a stakeholder of the land to avoid claims.
If the land is being sold to your via GPA, i.e. General Power of Attorney, see if the GPA is stamped or registered.
I hope you found this helpful.
Get Due Diligence Done to Save Yourself from a Fraudulent Deal via NoBroker Legal Service!
Some related information:
How to Do Due Diligence on Commercial Property?
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Authors Of The Question
Is it Safe to Buy Revenue Site in Bangalore?
sujata
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1 Answers
1 days
2025-01-07T12:06:40+00:00 2025-01-07T12:06:41+00:00Comment
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