Buying land in India

Finally looks like I'm overcoming my cough and cold. I had to postpone my trip back to the US since I was sick. Its not advisable to travel when you're coughing up phlegm!

Happened to run into an old school friend (I did my high school in India) and it turns out he's now a small local home builder and knows a lot about the local property market. Had a nice long lunch with him and got the scoop on the local land prices. Everything's becoming insanely expensive and there's a good chance its speculative and will end in tears, but there's still good money to be made for those that don't over-leverage themselves. I'm trying to find a patch of land to invest in but there are a few problems.


  • I can't buy agricultural land. India's socialist laws prevent anyone who isn't already a farmer to buy agricultural land. Of course there are way around this but its a hassle.

  • There's a good chance someone will trespass on the land and take possession of it. It happens a lot here and there's usually nothing you can do. You can avoid this buy not buying large patches of raw land but instead buying a small plot in a gated and guarded subdivision(but these lots are more expensive)

  • The title is in some weird format that is non-intuitive and difficult to follow. If buying agricultural or raw land, if its the "new format" then you can't sell it and it has to be converted to the "old format" and then transferred. You then need to get a no-objection certificate for the intended use. And if you change your mind for the use, you need another one.

  • The actual deed is in the local regional language, extremely verbose and usually uses some archaic language that was probably colloquial 200 years ago.

  • There's no title insurance.

But once you get into the swing of it, everything falls into place. Plus you meet people who'll make your life easier. I have several friends and relatives who can definitely make my life easier so I'm still looking and trying to see if there's anything worth buying. I looked a piece of land about 12 months and it was about 15% beyond my budget. Its now doubled in value!!!!

I went to see a 2 acre parcel today about 30 miles from home. Thats pretty far when you're driving on a single lane road and sharing it with camel carts, tractors and lorries! Its about a mile from a beautiful bird sanctuary called Nal Sarovar, but I don't think it'll develop for another 20 years. I need something closer than that.

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