Real estate industry has experienced immense growth
during the last couple of decades. Rapid urbanization coupled with population
explosion and industrialization has bring up extraneous pressure on land
resources in the country. Land auction tenders are often floated in order to
attend to the requirements of the community and economy at large. Such tenders
are often floated by government or the local authorities for development
projects or for any other purposes. Similar tenders are also floated by other
agencies under government as well as by corporate houses from time to time.
Bidders should however understand the legal requirements of the state where
such tenders are proposed so that there are no complicated in future.
During the last couple of decades real estate tenders industry
have grown considerably. Population explosion on one hand, elimination of joint
family systems giving birth to multiple new families, and rapid urbanization on
the other hand has resulted in growing demands for land. Unlike other
properties land is something that is static. Prices of land are rising incessantly
and this has given increase to number of land sale tenders in the market.
For businessmen, land deal tenders offer attractive good
opportunities for entrepreneurs irrespective of their respective sizes and
capabilities. People who can deal successfully with the tenders will always
have important scope for creation profits and promoting their business.
Land Sale Tenders Opportunities Following are the major
sources of tenders that are floated for sale of land. In India, land is a
subject matter of state list. Hence it is the respective state governments that
hold the rights over land in the state. Government often floats land sale
tenders for residential, industrial, and commercial purposes. Of course the
rates, regulations, and procedures will vary in each case of land sale tenders.
On the other hand industrial houses and builders are the largest buyers of land
on sale. Industries require land for setting up their industries, factories and
such other units whereas builders require land for running their real estate
business.
Requirements for Bidders who aspiration to bid for lands
have to take care of certain features. First of all they have to understand the
legalities concerned in the process. Other legal requirements involved are the
state laws relating to buying and selling of land. normally all transaction is
to be carried out with a registered device as required under the Transfer or
Properties Act 1882 and Indian Registration Act 1917. Land sale tender may
also have other legal requirements depending on the local legislations.
Bidding for Government and Private Lands Bidders in
respect of government lands have to pay premium as decided by government. On
the other hand for other types of lands it is usually the market value that is
to be paid. Other legal requirements for audience the land Auction Tenders would
be licensing and the permission of the planning and development establishment
under whose authority the area comes.
Find latest online tenders from India completely free. TradeReader is the largest tenders database in India.
Find latest online tenders from India completely free. TradeReader is the largest tenders database in India.
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