To begin with, a ‘Gaothan’ is the portion of the land of the village which is ordinarily used for settlement. The details of Gaothan property is laid by Section 122 of the Maharashtra Land Record Code. Many times, people fall prey to various fraud schemes for Gaothan property. People are lured by offering extremely low prices. But most of the time, there are no proper legal documents related to the property. So I would suggest going for CIDCO approved projects rather than Gaothan flat.
However, if you still want to proceed with the Gaothan flat, it would be safe only when you thoroughly check the documents and only if it has a title deed, award copy, letter of intent (LoI), letter of allotment, transfer charges, final order and tripartite agreement. There is a lot of document verification work required while proceeding ahead with Gaothan properties and should be done carefully.
According to the Maharashtra Land Revenue Code, 1966, gaothans are land parcels ‘included within the site of a village, town or city, as determined by Section 122 of the Code’.Navi Mumbai, has a wide concentration of GAOTHAN properties. It is safe to buy GAOTHAN properties as long as these are authorised by a competent authority. The benefit is that these are very less in price compared to other properties. The only catch is that if there is any illegality associated with the property then that is a major loss in the near future. BMC and CIDCO acquire land from GAOTHAN property owners and then hand it over to developers for construction and relocation of the residents on that property. Also due to space constraints, these properties are very cheap. If one is comfortable staying in congested area then these are the best options. Many buy it as an investment and wait for a builder to buy the plot and then earn huge profits. Also quite a few people are of the opinion that their building will sooner go for reconstruction and they will receive either extra space and increase in their square feet area will earn them huge benefits.To sum it up, it is safe to buy GAOTHAN property , provided its legality is checked thoroughly .
I know there is a lot of confusion concerning gaothan properties among property buyers in Maharashtra. Some of the commonly asked questions on this subject include ‘what is a gaothan property’, ‘gaothan property is legal or not?’, etc. As my father has recently bought such property in Mumbai, I can answer all your queries to give you better clarity over gaothan properties.Gaothan PropertiesA gaothan is the part of the land of the village which is ordinarily used for settlement. The details laid out in the Maharashtra Land Record Code (Section 122) determine whether a land parcel in a city or town or village is a gaothan property.Gaothan Property is Safe or Not?Your ownership over a gaothan property is secure as long as you have clear property titles. However, make sure to buy such property from a developer or in a housing scheme that either has the approval of these development bodies like the CIDCO or the BMC or is being run by these bodiesIf you are purchasing a gaothan land parcel directly from a landowner or any other entity other than those approved by the development authority, the transaction would need approval from the latter, to be legally binding. Plus, you will also need to pay a transfer fee to the development authority.Now you know the answer to your query on “is it safe to buy gaothan property in Nerul”Consult NoBroker’s Legal Experts if You Want to Check the Legality of a PropertyHow can I check the legality of gaothan properties?To check whether the project is part of a government-led scheme, you must reach out to the revenue department’s office or the concerned authority’s website.Documents Needed to Buy a Gaothan Property
Letter of allotment
Award cop
Letter of intent
Lease agreement
Tripartite agreement
Transfer charges
Final order
Note:The High Court of Bombay temporarily restrained the BMC from acquiring any gaothan properties in August 2019, which means new gaothan development schemes aren’t coming up in the city anytime soon.Read more:How to check if a property is legally verified?How to verify property documents online?Now you know whether gaothan property is legal or not.
From what I read, you must know the fact that not all cities that claim to be Gaothans are indeed Gaothans. In Maharashtra, Gaothans are defined as areas that include cities and villages. There are fifty-two BMC-regarded Gaothans in Mumbai, for example, as mentioned in the Development Strategy (DP) of 2034. Let’s see Gaothan land rules in Maharashtra.
Gaothan property meaning:
All the answers of Harshad, Vijay and Himanshu are fair enough to get clarity about the Gaothan property. You should be able to understand the concept very clearly after reading the answers.The word 'Gaothan' comes from the Marathi words 'Gaon' (which means 'village') and 'Than' (which means 'site'). The term 'Gaothan' refers to sites in and surrounding Maharashtra's traditional rural and village areas, as the title indicates. Gaothans, according to Section 122 of the Maharashtra Land Revenue Code, 1966, are parcels of land that fall within the boundaries of a village, city, or town. Housing properties, institutions, business buildings, religious establishments, gardens or playgrounds, healthcare centres, and other structures can all be built on a Gaothan site.
Gaothan property in Navi Mumbai:
The majority of the structures in Navi Mumbai were constructed under the 12.5% Gaothan expansion project. The land was initially given to a local resident by the CIDCO in return for his farmland, which had been taken earlier for infrastructure purposes. Land revenue document 7/12 determines who is eligible for this programme. The purchase ratio is 12.5, which means that if a villager owns 100 square metres of farmland, he will be given 12.5 metres of land on which he can perform construction work.
Disadvantages of Gaothan property:
The absence of sufficient essential services
For example, you will not get electricity around the clock.
The streets will not be effectively constructed and maintained.
Some properties may be illegal or have issues with documents.
Bank loans from reputable banks may be unavailable.
Property values may remain stable over time, and you may not receive the expected return on your investment.
The rental income is lower due to the lack of sufficient essential services.
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Is it safe option to buy gaothan flat or property in Nerul, Navi Mumbai?
Nandan Marathe
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September 22, 2020
2020-09-22T11:49:51+00:00 2020-12-15T12:24:01+00:00Comment
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