Dear All,
Am also desperately looking and searching for cheap land in TN. I have come across with several brokers, intermediers and real seller from TN. some says cheap land is available and some says all over TN real estate price has gone up and cheap land is just a myth and those offering people will call us for land inspection and will show us some land and docs and take token money. after that we will go for paper verification and survey which may take time and may fail too.
There may be papers are not in order and may have several issues. In some rural pockets of TN even land is in our name, local people may have some rituals or practice no to to get the particular land cultivated. there are several fraudsters and cheaters plenty available in on line as it is a free service. I have spoke to some of the people who has already holding land in TN which they have bought continue travel and interaction almost 3-4 years.
It would be fancy to shop online and buy the offerings of so called genuine sellers and brokers but the on the real the fact may differ.
Also regarding water availability brokers may says 60-40feet water table but the actual experience is even after 2-3 bore well of 600-800 feet water is not availed .
then soil type, there are several type of soil red, black, sandy , salty and no fertile land banks are there in TN.
am requesting let us form a group of genuine buyers who looks for cheap and fertile land and let us find a genuine guy in TN who can help us and source us genuine deals
I am quoting very interesting article below for reference.
Land, Property and Charity Problems in Tiruvannamalai
Land and Property Problems
Important updates -
Indian Government to act against illegal property purchases
2 - April 2005 - We have been informed by local agents that the Government of India is soon to act against illegal land sales and purchases. All peremboke land that is not being used ... i.e. for its original purpose of farming by the poor, will be repossessed by the government. Those selling land or property illegally will be prosecuted and imprisoned and those who have purchased it will have it seized back by the government ... we are told that compensation will not be paid by the government!
This means that foreign nationals and NRI's who have purchased any property in India illegally - by not complying with the previous FERA (prior to 2000) and current FEMA rules - are very likely to lose their property and their money. There may be a short grace period to enable you to sell your property to Indian Nationals but it is likely to be on a case by case basis and you will not get your money back.
Those who purchased within the legal requirements will not be affected if they can prove it.
contd......
rgds
rajan mathew
Am also desperately looking and searching for cheap land in TN. I have come across with several brokers, intermediers and real seller from TN. some says cheap land is available and some says all over TN real estate price has gone up and cheap land is just a myth and those offering people will call us for land inspection and will show us some land and docs and take token money. after that we will go for paper verification and survey which may take time and may fail too.
There may be papers are not in order and may have several issues. In some rural pockets of TN even land is in our name, local people may have some rituals or practice no to to get the particular land cultivated. there are several fraudsters and cheaters plenty available in on line as it is a free service. I have spoke to some of the people who has already holding land in TN which they have bought continue travel and interaction almost 3-4 years.
It would be fancy to shop online and buy the offerings of so called genuine sellers and brokers but the on the real the fact may differ.
Also regarding water availability brokers may says 60-40feet water table but the actual experience is even after 2-3 bore well of 600-800 feet water is not availed .
then soil type, there are several type of soil red, black, sandy , salty and no fertile land banks are there in TN.
am requesting let us form a group of genuine buyers who looks for cheap and fertile land and let us find a genuine guy in TN who can help us and source us genuine deals
I am quoting very interesting article below for reference.
Land, Property and Charity Problems in Tiruvannamalai
Land and Property Problems
Important updates -
Indian Government to act against illegal property purchases
2 - April 2005 - We have been informed by local agents that the Government of India is soon to act against illegal land sales and purchases. All peremboke land that is not being used ... i.e. for its original purpose of farming by the poor, will be repossessed by the government. Those selling land or property illegally will be prosecuted and imprisoned and those who have purchased it will have it seized back by the government ... we are told that compensation will not be paid by the government!
This means that foreign nationals and NRI's who have purchased any property in India illegally - by not complying with the previous FERA (prior to 2000) and current FEMA rules - are very likely to lose their property and their money. There may be a short grace period to enable you to sell your property to Indian Nationals but it is likely to be on a case by case basis and you will not get your money back.
Those who purchased within the legal requirements will not be affected if they can prove it.
contd......
rgds
rajan mathew