Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date30/11/2018
Author
Published ByRavindra Pai
Edited ByArslan Hassan
Uncategorized

WORKING OF LAND BANKING IN INDIA’S REAL ESTATE MARKET

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Document Type:General
Publish Date:NOVEMBER 30, 2018
Primary Author:Ravindra Pai
Edited By:Arsalan Hasan
Published By:Ravindra Pai

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.

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