Prasanta Varma, Advocate Supreme Court of India |
| Blog | Posted By: prasantv on:2/22/2012 4:23:16 PM |
WHAT DOES A PURCHASER OF THE PROPERTY
MUST ENSURE WHILE PURCHASING PROPERTY IN AND AROUND BHUBANESWAR / ODISHA (RURAL
/ SEMI URBAN AREAS)
Purchasing properties, the
quantum of investments and their profits therein are highly lucrative in the
State Capital of Odisha in Bhubaneswar these days. A smart investor must
venture in to such propositions, however, it requires lots of experience to
become a smart investor in to the real estate business in Bhubaneswar, Odisha.
When we think of Bhubaneswar, it
is not the small town of Bhubaneswar starting from Unit 1 to 9 besides Sahid
Nagar, Satya Nagar & Forest Park. Today in a wider sense the Bhubaneswar
includes the areas starting from Puri to Paradweep (coast) and Banapur to
Chandikhol (high ways) and Athagada to Dhenkanal (industrial belts) which would
be like 120 X 120 Km. Area.
Most of the lands in the nearby
town areas in this region are now being sold many a times and are being sold
and purchased many a times only for the purposes of investment (real estate) irrespective
of they were being home stead or agricultural lands.
Purchasing properties in these
areas sometimes leads you nowhere. The individuals and the purchasers often
lands in to various litigations in the courts. The most important thinks to
check are the title of the properties which are registered in the revenue
records. The family chain and how the property has come to the name of the
seller and the transfer had happened since how many years are equally important.
A long ownership in the individuals name often considered to be reasonably
correct on the title. At the same time the investor must not hurried to buy the
property because of seller's urgency.
If it is a self acquired
property, the period of acquisition is considered to be the major factor
deciding whether to buy or not. For the village properties one must cross check
from the nearby area people (villagers) besides checking from the concerned RI
(Revenue Inspector) office. Irrespective of the land which is shown to you by
the seller, one must verify separately from the RI office along with the sizra
- Naksa.
From the vastu etc. auspicious
point of view the nearby locations in the sizra - naksa must alos be checked.
It is often noticed that the Gram Sabha Lands, Ponds, Wells, Gochar, Danda,
Graveyard (samshan) lands were being sold by changing in last two three nakshas
or the nearby graveyard lands were being sold without the knowledge of the purchaser, these things are also equally
important for many a persons who purchases the lands. Even if it costs a little
more one must consult a property lawyer who deals with such cases and
litigations.
Prasanta Varma
Advocate for the Central Government in
Supreme Court of India
Off / Res : 595, Sahid Nagar,
Bhubaneswar, Odisha.
Res : B-3/29, Safdarjung Enclave, New
Delhi.
Office : I-8, Lajpat Nagar - III, New
Delhi.
Visit : http://www.prasanta.net
Call : 09818076828 / 08658109215