Overview

For the purposes of development of Commercial Complex Projects, land sourcing can be termed as the process of identification and procurement of property which is suitable for residential and commercial purposes.

Before embarking upon a new construction project, builders have to make sure that a) the property they acquire can be suitably developed, and b) the property is free from encumbrances and litigations, and c) the seller of the property has a good title over it, and the procurement of such property is not illegal.

Verification of title

Our lawyers (both internal and external) take steps to verify the title of the property seller. After collecting basic information as to the property, such as under which zoning it falls, our lawyers give a legal opinion to the builder as to whether or not the property should be procured for the said purposes. It is only after such a basic background check that the next step, that is, buying of the property can take place.

Why is this important

    Makes sure that the property can be legally acquired
    Helps check the title of the seller over the property
    Verifies that there is no pending litigation or encumbrance over the property
    Safeguards against any needless future litigation over the property
    Makes way for the next step in the process, that is, buying of the property for development purposes

Name : Adv Savita Tanwar

Law Firm Name : Savita Tanwar

Country : India

City : East Delhi

State : DELHI

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