Realtecho Infra Pvt Ltd, is a leading turnkey solutions provider in real estate land development and building management solutions. The group has been in operation since 2007 and has consistently grown while maintaining strict adherence to quality in the products and services it provides.
With a revenue of over INR 100 Cr from its group companies, Realtecho Infra has completed several prestigious projects in civil, mechanical, electrical, and plumbing (MEP), HVAC, fire fighting, and building management systems (BMS). The company’s principles and motto of work are based on teamwork, timely project delivery, economical and quality work, optimum utilization of machines and manpower, client development through satisfactory services, and the development of the country and nation.
Realtecho Infra has been successful in delivering large-scale projects like the construction of Undergraduate Lecture theater complex at University of Allahabad(UOA), Allahabad, a 1500-seated mega hostel building including complete MEP (Mechanical, Electrical and Plumbing) work at NIT Haminpur, a 100-bedded maternity wing at Uttar Pradesh district hospital, building construction projects in Hyderabad, which are a few of the projects to name.
The entire project investment and funding wing of Realtecho Infra Pvt. Ltd. is Gazelle Partners, which is a Dubai-based firm targeted at ensuring that the right amount of funding is deployed into real estate projects, and that the projects are completed within budget and timeframe.
Realtecho’s principles and motto of work are the spirit of teamwork, limitation of time in projects by working round the clock, economical and quality jobs, optimum utilization of machines & manpower, development of clients through satisfactory services, achieving goals & targets set by clients, and development of country and nation.
Realtecho Infra Pvt Ltd invites landowners in any part of India who would be interested in giving their land for real estate development projects to Realtecho Infra. The landowner should be willing to work with Realtecho for development with terms and conditions as follows:
The land should be non-agricultural land i.e., residential/commercial/mixed only.
Agricultural lands are not the focus for the time-being.The NALA tax of the land should be paid. If you own non-agricultural land in India, it is important to ensure that you pay the NALA tax to avoid penalties and legal action. You should check with your local government authorities to determine the exact amount and process for paying this tax.
The landowner owner retains the right to transfer the ownership and registration of the finished project to the future buyers of the project’s units (villas, flats, etc) .
The owner should be ready to mortgage the land as part of the JV project. This protects future buyers of the completed project from non-breach of transfer of ownership or registration.
In a joint venture (JV) project where the landowner retains ownership of the land and the developer constructs and sells units on the land, it is common for the landowner to transfer ownership and registration of the finished project to the future buyers of the project’s units. This ensures that the buyers have clear and marketable title to the property and can enjoy full ownership rights.
To protect the buyers from any non-breach of transfer of ownership or registration, it is important for the landowner to mortgage the land as part of the JV project. This ensures that the landowner has a financial stake in the project and is motivated to complete the project and transfer ownership and registration to the buyers.
The mortgage on the land can be used as collateral for any loans taken by the JV partners for the construction of the project. It also ensures that the landowner is compensated for any breach of contract by the developer, as the land can be sold to recover any outstanding debts.
The landowner should submit the Title Search Report from a class A bank panel attorney for verification
The purpose of title verification is to ensure that the property is being sold by its rightful owner and that there are no legal disputes or encumbrances (such as mortgages, liens, or easements) that may affect the ownership or use of the property. Title verification also helps in identifying any defects in the title, such as errors in property description, missing documents, or fraudulent transfers.
The process of title verification typically involves reviewing various documents related to the property, such as deeds, mortgages, liens, tax records, and court records. The verification process also includes a search of public records to ensure that there are no outstanding claims against the property.
After the title verification is complete, the attorney or title search company produces an Abstract of Title or Title Search Report that summarizes the findings of the verification process. This report serves as a legal document that provides assurance to the buyer and the lender that the property has a clear and marketable title.
Title verification is an important step in any real estate transaction, and it is recommended that buyers and lenders obtain a title search report before closing the deal. This helps to avoid any legal disputes or financial liabilities that may arise due to defects in the title.
The landowner should submit the legal report of the land from a class A bank panel advocate
If a landowner is planning to enter into a joint venture (JV) agreement with a developer, it is important for the landowner to submit a legal report of the land to the developer. The legal report provides information on the legal status of the land and ensures that the developer is aware of any legal issues or disputes related to the land.
The legal report should be prepared by a qualified bank panel lawyer or legal expert who has expertise in land-related issues. The report should include details of the land’s ownership, title, and any encumbrances such as mortgages, liens, or easements.
The legal report should also provide information on any legal disputes related to the land, such as pending litigation or disputes with neighboring landowners. This helps the developer to assess the risks associated with the project and take appropriate measures to mitigate these risks.
In addition to the legal report, the landowner should also provide other relevant documents related to the land, such as land records, tax receipts, and building approvals. This helps the developer to obtain a clear picture of the legal status of the land and ensure that the project complies with all relevant laws and regulations.
Site inspections and progress reports: The landowner will have the right to conduct regular site inspections and receive progress reports from the developer to ensure that the project is progressing according to the agreed timeline and specifications.
List of documents that need to be submitted by the land owner:
- Complete Chain of property.
- Pan Card, Aadhaar Card, and DIN Number of Collateral Owner (if Collateral Owner has a DIN)
- The owner should have a clean CIBIL report.
- Videos of Collateral in the presence of the owner
- Photo of Collateral in the presence of Owner.
- Google Location of the Collateral.
- Legal & Search of the Collateral from the Bank Panel Advocate only with bank panel Letter. (Class A banks like State of India, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank).
- Bank Valuation Report of the Collateral from the Bank Panel Advocate only with bank panel Letter. (Class A banks like State of India, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank).
- Sale Deed or Mother Deed: This is the primary document that proves the ownership of the land. It is important for the landowner to provide a clear and marketable title to the developer.
The specific documents required to obtain a NOC may vary depending on the local laws and regulations, as well as the requirements of the developer. However, some of the documents that a landowner may need to submit to obtain a NOC in Telangana may include:
- Title deed of the land
- Land revenue records or patta documents
- Encumbrance certificate for the past 13 years
- Copy of the landowner’s PAN card
- Copy of the landowner’s Aadhaar card
- Latest tax receipts and bills
- Approved layout plan or survey map of the land
- Clearance certificates from the local civic body, such as the municipality or panchayat
- Any other relevant documents related to the land.
- Land Survey and Layout: This is a document that provides the details of the land, its measurements, boundaries, and layout.
- Property Tax Receipts: This document shows that the landowner has paid all the property taxes applicable on the land.
- NOC from Local Authorities: This document certifies that the landowner has obtained all the necessary permissions and approvals from the local authorities for the development of the land.
- Power of Attorney: If the landowner is not available to sign the agreement or other documents, he can provide a Power of Attorney to authorize someone else to act on his behalf.
Procedure of land development is very simple
Realtecho Infra Pvt. Ltd. is a reliable and trustworthy partner that provides complete turn-key solutions in real estate land development and building management. By partnering with Realtecho Infra Pvt. Ltd., landowners can leverage the company’s expertise and experience to develop their land into profitable real estate projects.
The process of partnering with Realtecho Infra Pvt. Ltd. is simple and straightforward.
Interested landowners can write to the company at email@example.com or contact the company at 7780768783.
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