Is it safe to buy revenue land in Bangalore?
One popular question most of the buyers have is whether to invest in real estate properties in Bangalore. The rapid growth has put revenue sites in vogue, as they are still cheaper than their fully approved counterparts. But, before you take the plunge of investing, consider the risk and the legal issues, and choose a risk-free alternative presented by the best builders and developers in Bangalore.
What Is Revenue Land?
Revenue land commonly refers to the agricultural land recorded in village revenue records. It is zoned for farmland use only and cannot legally be used for residential or business purposes until officially converted. Best deals are offered only in unauthorized converted lands under the sale documents. This theory of smaller sites has developed because 10A Khasra Panchanama lands with poor source volume are regularly transformed into smaller sites.
The development in Bangalore raises serious questions about the legalities of property and the security of property ownership in the future.
Dangers of Investing in Revenue Sites in Bangalore
- Legal Complications
As revenue land meant for agriculture, buyers could get embroiled in legal wrangles for misuse if they take to house or business without getting converted.
- No Clear Title
Many revenue sites are undocumented or have unclear ownership histories, a risk you do not want to take with your long-term investment.
- Denial of Loans
Most banks and financial institutions will not offer housing loans for revenue sites, so your financing options are limited.
- Demolition Threats
Authorities like BDA or BBMP can take stringent action, including demolition, in cases of unauthorized construction.
Safer option
- Invest in approved projects: Many homebuyers prefer buying from premium builders rather than taking a gamble in Bangalore city. These developers ensure that every project, whether villas, apartments, gated communities, is RERA-approved, has BDA/BBMP sanctions, and is backed by relevant documentation.
- Focus on down payment: Not only are you safe from investing, but you can also get a loan from a bank.
Why opt for Top Builders in Bangalore?
- Compliance: They respect the rule of law and do what the government dictates, guaranteeing that your property is safe and free from disputes.
- Higher ROI: Reputed residential properties in Bangalore appreciate faster than revenue land.
- Amenities & Infrastructure: Leading developers provide high-end amenities, a secure gate, and a central location, enabling a better lifestyle.
- Financial Convenience: Banks are willing to lend money to approved projects because they trust that the builder will not cut corners.
Conclusion
As cheap as it may seem, the risk in this land for sales in revenue is not worth it. One must prefer projects by top builders in Bangalore for a safer and peaceful investment. Beyond that, these types of investments ensure clear titles, legal safety, and long-term appreciation in value. If you are considering purchasing a real estate property in Bangalore, invest in approved projects to get a good return on investment and a good night's sleep.
