Land banking is the practice of aggregating parcels or blocks of land at current market rates or lower, for future sale or development. A land aggregator aggregates land by tracking the geographical and topological locations, which are primed for investment, based on social infrastructure and demographic factors. Generally, the land originates to the aggregator in an unprepared format, wherein, he prepares the title reports, property boundary, zone regulations, conversions, registrations, approvals, and sanctions for the land, after which, the land is primed for sale or development. Land aggregators buy land, wait for the land value to appreciate, and then, sell the same to developers, investors, and other interested parties for a substantial profit.
Document Download | Download |
Document Type | General |
Publish Date | 30/11/2018 |
Author | Ravindra Pai |
Published By | Ravindra Pai |
Edited By | Saba Bilquis |