In India, an Agreement to Sell is typically signed after the buyer and seller have mutually agreed upon the terms of the property transaction. This agreement serves as a preliminary contract that outlines the obligations of both parties and sets the stage for the final sale deed. When Should the Agreement to Sell Be Signed? The Agreement to Sell should be executed after the following steps...
1. Fundamental Requirement for Industrial Operations Water is an essential utility for a wide range of industrial activities, including: Manufacturing processes (cooling, washing, mixing) Chemical and pharmaceutical production Textile dyeing, food processing, and beverage industries Sanitation and domestic use for on-site staff Industrial buyers assess water availability as a core...
Before selling inherited land in India, it's essential to legally transfer ownership to the rightful heirs. This process ensures a clear title and prevents future disputes. Here's a step-by-step guide: 1. Determine the Inheritance Type With a Will (Testate Succession): If the deceased left a registered Will, the property is distributed as per the Will's instructions. The Will must be probated by...
1. Operational Readiness and Attractiveness to Buyers A reliable electricity supply is a critical requirement for most industrial operations, making it a top priority for prospective buyers. Industrial land equipped with: Pre-installed high-tension (HT) connections Access to dedicated substations Availability of 3-phase power is seen as plug-and-play, enabling faster establishment of...
In Tamil Nadu, original land ownership records can be accessed through various official platforms and local government offices. These records are essential for verifying property details, ownership, and for conducting legal transactions. Online Platforms for Accessing Land Ownership Records Tamil Nadu e-Services Portal Provides access to Patta, Chitta, Field Measurement Book (FMB) sketches,...
A sale deed is a fundamental legal document in commercial property transactions in India. It serves as the official record of the transfer of ownership from the seller to the buyer. Here's why it's indispensable: 1. Legal Transfer of Ownership The sale deed formalizes the transfer of property rights. Without it, the buyer doesn't have legal ownership, even if payment has been made. It's the...
1. Road and Transport Connectivity Well-developed road infrastructure is a fundamental factor that enhances the value of industrial land. This includes: Proximity to national and state highways Internal access roads within industrial parks Wide carriageways for truck movement Dedicated freight corridors and bypass routes Superior road connectivity lowers logistics costs, improves...
In India, verifying the title of commercial land is a critical step in the property transaction process. This verification is primarily the responsibility of the buyer, who typically engages a qualified property lawyer or a professional title search agency to conduct thorough due diligence. Who Verifies the Title? Buyer's Legal Counsel: The buyer's lawyer examines all relevant documents to...
When selling commercial land in India, it's essential to have a comprehensive set of documents to ensure a legally sound and hassle-free transaction. Here's a checklist of the key documents you'll need: Essential Documents for Selling Commercial Land Title Deed (Mother Deed) Establishes your legal ownership of the property. Should be clear of disputes and properly registered. Sale...
1. Superior Logistics and Transportation Access Land near highways offers direct and efficient transportation routes for movement of goods, raw materials, and finished products. This proximity: Reduces travel time and fuel costs. Enables faster delivery cycles for supply chains. Enhances last-mile connectivity for distribution. Industries, logistics companies, and warehousing firms prefer...
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