Sales

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Who conducts official valuation for sale purposes?

In India, official valuation for sale purposes is conducted by certified professionals and government authorities to ensure accurate and legally compliant property assessments.​ 1. Registered Valuers Registered Valuers are professionals certified by the Insolvency and Bankruptcy Board of India (IBBI) under the Companies (Registered Valuers and Valuation) Rules, 2017. They specialize in asset...

How long does it take to get sale approvals?

1. Title Verification and Legal Due Diligence This initial stage involves examining: Ownership documents, encumbrance certificates, and past sale deeds Verifying mutation, inheritance records, and land use classification Identifying any legal disputes or restrictions on the property Time required: 1 to 3 weeks, depending on the complexity and clarity of land records. 2. Land Use and...

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 What role does location play in land pricing?

​Location is a fundamental determinant of land pricing in India, significantly influencing a property's market value. Here's how various aspects of location impact land prices:​ 1. Proximity to Urban Centers and Economic Hubs Land situated near major cities or economic zones typically commands higher prices due to increased demand for residential, commercial, and industrial development. For...

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Who provides NOC for selling industrial land?

1. Industrial Development Authority or Corporation If the land is located within a government-developed industrial estate, the primary No Objection Certificate (NOC) must be obtained from the respective state industrial development authority, such as: MIDC (Maharashtra Industrial Development Corporation) KIADB (Karnataka Industrial Areas Development Board) SIPCOT (State Industries Promotion...

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Why do prices vary between corner plots and interior plots?

Prices for corner plots are typically higher than those for interior plots due to several distinct advantages they offer:​ 1. Enhanced Accessibility and Visibility Corner plots are located at the intersection of two streets, providing dual access points. This increased accessibility is particularly beneficial for commercial properties, offering greater visibility and ease of entry, which can...

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What permissions are required before a land sale?

1. Title Verification and Encumbrance Certificate Before a land sale, it is essential to confirm the legal ownership and freedom from liabilities. This includes: Clear title certification from a registered legal advisor Encumbrance Certificate (EC) from the Sub-Registrar’s Office to confirm there are no mortgages, liens, or legal disputes Review of past sale deeds, partition documents, or...

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What permits are required for industrial development?

1. Land Use and Zoning Clearance Before beginning any industrial project, developers must obtain: Land use certificate confirming the land is zoned for industrial purposes Conversion approval if the land is classified as agricultural, residential, or commercial Approval from the Town and Country Planning Department or local development authority This ensures the project aligns with the...

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How can multi-use zoning attract more buyers?

1. Offers Flexibility for Diverse Business Models Multi-use zoning allows a combination of industrial, commercial, warehousing, and sometimes limited residential uses within a single parcel or zone. This flexibility attracts: Manufacturers who want adjoining office or showroom space Logistics operators needing storage plus ancillary retail Developers and investors seeking mixed revenue...

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Why is accessibility crucial for logistics-based land?

1. Reduces Transportation Time and Costs Efficient accessibility to major roads, highways, and freight corridors directly impacts logistics performance. Land with seamless access helps: Minimize travel time for inbound and outbound goods Lower fuel and operational expenses Improve delivery turnaround time (TAT) This makes the location more cost-effective and operationally viable for...

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What are the ideal dimensions for factory layout?

1. Standard Width-to-Length Ratios Factory plots are ideally planned with a rectangular shape, maintaining a practical width-to-length ratio, commonly: 1:2 or 1:3 (e.g., 100 ft x 200 ft or 150 ft x 450 ft) Ensures smooth workflow orientation, machinery alignment, and efficient material handling Supports linear process flow from raw material intake to finished goods dispatch This ratio...

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