What Does Maharashtra's R-Zone Mean?
Intherealestateindustry,R-zoneplotsaretypicallyviewedasariskyinvestment. Butcananinvestortakeanyactionstoensurethatthisinvestmentopportunityis secure?ThisarticleexplainswhatR-zonelandparcelsareandwhatyoushould knowaboutthemwhenlookingtopurchaselandinMaharashtraforahome. Are you searching for new projects in kandivali?
Thephrase"R-zone"referstoresidentialbuildinglotsthatareavailableinboth urbanandruralsettings.PlotsandlandstobeconstructedundertheR-zoneare decidedbyspecialplanningauthoritiesinMaharashtra,suchastheCity&Industrial DevelopmentCorporationofMaharashtraaswellastheMumbaiMetropolitan RegionDevelopmentAuthority.
What is the various R-zone categories?
TherearetwotypesofR-zones:
R1 zone or only residential areas
TheR1zoneplotsareexclusivelyresidentialandarelocatedwithin12metresofthe nearestroadintheopenspaces,accordingtotheplanningauthorities.Ifthelocation iscrowded,thedistancetotheclosestroadis9metresorless.Withoutthe regulatoryauthority'sapproval,residentialbuildingsmaybeconstructedonthis tractofland.
R2 zone
Theterm"R2zone"referstoresidentialareasthatareatleast12metresormore fromthenearestroad.InafurthervariationoftheR-zoneplot,theplotsaresituated atleast9metresawayfromtheaccessroadindenselypopulatedregions.
Anytypeofresidentialdevelopmentispermittedinthisarea.Infact,thezone allowsfortheconstructionofcommercial,institutional,andhealthcarefacilities.
What are the consequences of making an R-zone investment?
Whenthetitleofthedeedisincorrect,therearerisksinvolved.Beforemakingan investmentdecision,learnhowtoinspectRzoneplots&theirlocations.Whenallof theownershippaperworkarecurrentanderror-free,thereisnoriskinvolved.
TheECshouldalsoshownodiscrepancies,complaints,conflicts,orother encumbrancesifyouwanttopurchaseanR-zonesite.Afterresearchingthearea's readyreckonerrate,investinthelandiftherearenosuchquestionsanditislegally yours.
R-zone plots—can they be changed to Non-Agricultural (NA) plots?
Theregulatoryauthorities'mostrecentchangetoresidentialzonesstatesthatitis possibletoconvertplotsinMaharashtra'sRzoneintoNAplots.Theconversion certificatecanbeobtainedbysubmittinganapplicationtotheneighbourhood municipalcorporationandpaying0.05percentofthearea'sreadyreckonerorcircle rate.
Thetitlemustbemarketable&clearinorderforthepropertysalefromanR-zone toaNAplottogosmoothly.Verifythatthesellerortheowneraloneisthesole owneroftheproperty.Itisalsorequiredthatthedeedbeverifiedbyan accomplishedsolicitor.ChecktheECissuedbytheregionalsub-officeregistrar's beforeyousignthecontract.
Thelocalgovernmententityinchargeofoverseeingtheregistrationoftheland mustissuethiscertificate.YoucanchangetheR-zoneplotintoaNAplotandmove forwardwithyourproposalifECdeterminestherearenounpaidbalances, complaints,ordisputes.
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