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Frequently Asked Questions

HOW FAR IS THE LAND FROM COLABA, MUMBAI AND PANVEL, NEW MUMBAI?
195 KMS FROM COLABA, MUMBAI AND 135 KMS FROM PANVEL, NEW MUMBAI.
WHAT ABOUT THE TITLE OF LAND?
CLEAR MARKETABLE, TRANSFERABLE TITLE WITHOUT ANY ENCROACHMENT.
ARE THERE ANY ENCROACHMENT ON THE LAND?
NO, NEAT & CLEAN LAND ON MANGAON-MAHAD STATE HIGHWAY.
WHAT ARE THE CHANCES OF THE LAND APPRECIATION?
QUITE HIGH – BASED ON THE DEVELOPMENT PLANS OF GOVERNMENT OF MAHARASHTRA ABOUT
a) COASTAL HIGHWAY
b) PORT ACTIVITIES
c) WATER TRANSPORT
d) AGRI TOURISM HUB
e) EXPANSION OF EXISTING NATIONAL HIGHWAY 17
WHAT ABOUT THE SECURITY THAT NO ONE ELSE WILL ENCROACH ON OUR PROPERTY?
AS WE ARE HAVING A PROJECT CALLED “SAVITRI BY AGRICITY” SECURITY COMES UNDER OUR SCOPE.
WHAT ARE THE POSSIBILITIES OF RESELLING THE LAND? DO I HAVE TO SELL IT BACK TO AGRILANDS?
THE LAND IS COMPLETELY SALEABLE, MARKETABLE AND TRANSFERABLE, BUT INCASE WANT TO SELL BEFORE COMPLETION OF 15 YEARS THEN A NOMINAL TRANSFER FEES OF 10% ON Rs. 15,00,000/- OR ON SALES VALUE, WHICHEVER IS HIGHER SHALL BE CHARGED.
IS THERE ANY LOCK IN PERIOD?
NO LOCK IN PERIOD, CAN SELL LAND ANY TIME SUBJECT TO Q 7 ABOVE.
CAN I BUILD FARM HOUSE THERE?
YES, OFCOURSE BUT ONLY AFTER YOUR COMPLETION OF 15 YEARS.
BY WHAT TIME WILL I GET THE ENTIRE DOCUMENTS REGISTERED IN MY NAME?
WITHIN 3 MONTHS AFTER THE RECEIPT OF FULL PAYMENT.
WHAT ABOUT STAMP DUTY AND REGISTRATION CHARGES?
RANGING FROM RS. 15000/- TO 30,000/-
WHAT ABOUT THE LOCAL TAXES AND WHO WILL BE PAYING THE SAME?
AGRILANDS INDIA PVT. LTD. SHALL PAY ALL SUCH DUES TILL THE COMPLETION OF 15 YEARS, AFTER THAT IT IS THE RESPONSIBILITY OF PLOT OWNER.
WILL THE INCOME BE INCOME TAX FREE?
NO, THE INCOME SHALL BE TAXABLE.
WILL WE GET STAYING FACILITIES THERE IN CASE WE WANT TO VISIT AND STAY THERE?
YES, THE BUYER OF PLOT GET FREE STAYING FACILITY UPTO 10 DAYS IN A CALENDER YEAR TILL 15 YEARS.
WHEN MY INCOME WILL START? IS THE AMOUNT FIXED OR PERCENTAGE ON PROFIT?
INCOME SHALL START FROM APRIL 2021, ONE LAKH PER ANNUM SHALL BE GIVEN EVERY YEAR FOR 15 YEARS AFTER THE COMPLETION OF THE YEAR.
WHAT ABOUT THE PLOT AFTER 15 YEARS?
PARTY WILL BE FREE TO TAKE THE POSSESION AND HAVE ACTIVITIES OF HIS/HER OWN CHOICE.