I have decided to buy a property, which is on shali land. We got to know later after paying a booking amount. We understood as this is not converted into Vaastu land, hence many nationalised bank will not approve loan. However the property has a valid HIRA number and approved from KMC too. From different sources, understood this will be a risk to buy this property as the developer and promoter may not agree to get us a separate mutation and vanish without any detail. I am worried.
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We6on shaking land also a building can be constructed.
So refer to the sanctioned building plan to find out whether type of land was correctly mentioned or not.
If the building plan was sanctioned on the shali land then there is not much to worry.
However without seeing the papers its difficult to give further advice.
Yes I also pose a risk for buying the same
Cancel your booking on grounds that tile is not clear and marketable as bank is refusing to give loan for purchase of property
It is not advisable to invest in the property which has doubtful genuineness.
If you still insist on buying it better obtain a proper legal opinion before venturing into the purchase.
Well, if it isn't conducive to your plan you shouldn't buy it. The banks won't approve your loan. You won't get good returns in case you want to sell it afterwards.
You must ask the seller to apply for the conversion .You can get in touch with me to proceed further.
It's your decision to buy or not.
If information gathered by you doesn't recognize your rights and goes against your wish then drop the idea to buy the land and select fresh land for the deal.
Thank you all for the feedbacks. Some of your feedbacks were very generic. Here I am putting more clarifications regarding my property: 1.This property has three units or 30 flats small complex, on a Shali land. 2. As far as I know, land can not be converted in case the construction has started. 3. For this property, HIRA registration is done and which is valid for a year. 4. LIC housing, Punjab HFL (private entity/subsidiary of PNB bank) is offering loan, as this property is already approved by them. 5. I meant by nationalised banks are SBI, PNB as this land is not converted into Vastu. 6. I want to know the risk of owning a property here. As I know already some of the families are moved there and has completed registration too. 7. Will they do a mutation for my flat too ? or they won't be able to do so. Please respond, so I can reach out to you for the rest of the process officially. Thanks
They will do it if you insist.
Shali" land, means agricultural land mentioned in the Land Record or Porcha .
2) you cannot carry on construction on agricultural land unless it is converted into vastu
3) construction would be illegal
4) don’t purchase flat on said property
You say some people have already moved in or done the registration.
What did they do for mutation.
Have they got their property mutated.
Registration of property is important for having title to the property.
Mutation records are not title documents.
If LIC is granting loan, what prevents SBI from sanctioning home loan.
You were even advised to take a proper legal opinion from a local advocate and proceed only recommended.
Now it's up to you that how much risk you would like to take to your investment.
The information and questions 1 to 7 do not disclose the crux of the matter and issues of legality in your facts of the case.
We need to understand the main part and all terms conditions embodied in the land records of Shali land intended to be bought by you.
Unequivocally the full information and description of the property would entail us to answer all your questions substantially and legally as per the provisions of law.
Alternatively you may apply online for conversion of Sali to vastu land by following simple practices and procedures as per the provisions of law for conversion of land.
If you share the property papers then further advice can be given.
Dear Sir/Madam,
You are suggested that your concern is genuine and you should avoid buying that property.
You can buy the said property at risk. If the same is bought and later you enjoy defective title you will suffer and will hardly find any buyer in future for the same
1. If you are worried then you can cancel the booking and seek refund of advance paid to developer.
2. You should not invest in the property which doesn't have clear title.
- Shali' Land means land used for agricultural purpose whereas 'Vastu' Land means land for purpose of residential purpose.
- Further, it can be for residential i.e. Vaastu land, after taking permission from the States Land & Land Reform Department, and the competent authority will levy conversion fee for changing the land use type.
- However , without conversion , you cannot use the said land for residential purpose.
Please consult local lawyer who is more conversant with local laws.
1. It is not an ideal purchase.
2. Has the owner of the land applied for conversion of the land from Shali to Vastu?
3. Are there several other building existing there surrounding your said building.
4. If yes, then some Banks consider giving loans to buyers of property constructed on Shali land.
1. If you do not have the plan to sell of the said flat shortly then you can buy the flat.
2. You only will have problem while mutating your property.
3. There are plenty of such properties sold in Behala area of Kolkata.
They will do mutation. Go ahead
A mutation will be done. The banks will approve loan if the title is clear and the project is profitable and the area is good for development.