Land

Expertise in land along with ongoing market trend and information is of utmost importance while providing services in land segment, whether long term or short term. Trinity caters to land services representing buyers, tenants and landlords. We identify land parcels for acquiring, assembling as to requirement and to sell.

Some do's and don'ts for land deals that we have realised over the years are :
  • First and foremost buyers need to spend time on land transactions.
  • Buyers need to work on legal due-diligence with sufficient time in hand, post agreeing on commercial terms. One needs to realise that due-diligence is time consuming and dynamic. While you are working on a certain aspect of due-diligence then results could push you to take a different course / action. There is no one magical way to complete due-diligence in a hurry.
  • Before the due-diligence is completed ideally do not out money on the table. The only way to get seller's cooperation is by withholding payment till you are satisfied with the due-diligence results.
  • Buyers should not get perturbed seeing a lot of title papers. Apart from taking opinion from lawyers, one should also try to read these papers. You would be surprised how much you will begin to understand and question with just one reading.
  • Preferably a liability clause should be included.
  • One standard thing that some buyer's use is releasing a newspaper advertisement inviting issues if any.
  • Check the banks that are offering loans on the project. Clients should be comfortable only if standard housing finance banks / institutions offer loans. If the banks offering loans are not the standard ones and the issuing branch is located in the nearest village etc. then it is advisable to run the legal papers through a standard housing finance
  • Check the valuation that the standard banks are offering for the land. If the gap between the developer's offer price and bank's valuation is too high then it is a cause for further investigation.
  • Whatever landmarks / future potential projects etc. being shown in the brochure should be checked physically just to be doubly sure. The landmarks / future potential projects should be within a certain distance from the desired site for it to get any rub off benefit.
  • Panchayat layouts are best avoidable. Prefer only HMDA approved layouts.
  • Our personal preference is always land within a gated community wherein the amenities have to be built by the builder. Amenities in terms of electricity, water, drainage, clubhouse, pool etc. have to be developed by the builder.
  • As per current rules in a HMDA approved layout the roads provided for have to be 40 ft and generally after leaving the mandatory open space, in an acre of land only 10 plots / houses of approx. 270 sq. yds each can be developed. One should always check the current rules and do some calculations to check if all rules are being followed.
  • The masterplan for the core area and outside the ORR have been notified. These documents are available online or at HMDA / GHMC offices. One should always check with the relevant survey nos. on this map to reconfirm the land use of the project.
  • Discuss and check with experts, other buyers, professional brokers and any other stakeholder before making the decision to buy.

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