Land Acquisition Process for Projects

Land Acquisition Process for Projects.

1.      Have land survey done and choose a piece of land as per town planners map.

2.      Carry out a feasibility business study about the success of the project.

3.      Ascertain cost benefit analysis.

4.      Once finances are defined move to implement the project in following manner :-

5.      Finalize land purchase - Check registry, publish a notice about purchase in local news papers, check non encumbrance of land from revenue office, enter into sale purchase agreement, pay advance and take possession, then pay remaining amount and get the registry muted in your favor. Land should be marked by carrying out proper land survey and keeping revenue officer as part of proceeding to avoid disputes at a later stage. It is always advisable to make some part of payment through bank loan.

6.      CLU. Change of land uses (CLU) are essential when a land purchased is intended to be utilized for purpose other recorded on revenue records for example if agricultural land is utilized for school, CLU is required, But if land piece earmarked for usage as school is required to be used for school purpose no CLU is required. CLU is expensive and time consuming process.