7 Critical Legal Documents to Verify Before Buying Factory Land

 


Buying factory land is a significant investment decision that comes with long-term implications for your business. However, many industrial land buyers run into costly disputes simply because they overlook crucial paperwork. Ensuring the legal safety of your investment means doing thorough due diligence before signing the deal. 

At Ganesh Complex, we offer our clients spacious industrial plots tailored to meet various business needs. Before purchasing any specific land, it’s essential to review and verify all necessary legal documents. 

In this article, we’ll cover the seven critical legal documents you must verify before buying factory land.

7 Critical Documents Required to Verify Before Buying Factory Land 

Maintaining all legal documents prior to purchasing an industrial plot helps buyers to avoid legal disputes. Here are the seven critical documents required to verify before buying a factory land for sale in Kolkata: 

  1. Title Deed 

The deed is the most critical document in any transaction involving real property. It shows who the legitimate owner of the land under the factory is and whether the owner has the authority to sell the property. Buyers want to ensure that the deed is in the seller's name, that the title is marketable, and that there are no legal disputes that could allow anyone to claim a title interest. 

If you do not have this instrument, then you may be subject to someone's challenge regarding ownership rights in the future.

  1. Agreement to Sell 

A sale deed or a sale agreement is the formal document that evidences the transaction between the buyer and seller. The document will outline the terms and conditions of the property sale, including payment details. It must be registered with the local sub-registrar’s office to be valid. 

To confirm that your purchase is legally backed and transfers ownership, you should verify it.

  1. Land Use Certificate 

Not all land is used for industrial purposes. Many of our clients still question, “What is a warehouse?” Due to the rise of multiple co-living and co-working spaces, along with resource centres across India, the concept of a full-fledged warehouse remains uncommon in many user segments. 

A land use certificate or a zoning approval legally confirms that a particular industrial plot is suitable for constructing a warehouse. Generally, the municipal authority or a state’s industrial development body grants the land use certificate. 

  1. Encumbrace Certificate 

An encumbrance certificate shows whether the property is free of any legal or financial liabilities. The liabilities would involve mortgages, unpaid loans, or disputes, and verifying them will enable the seller to buy the land free from previous burdens. 

  1. Property Tax Receipts 

Verify whether all taxes for a particular industrial property have been paid. Acquire all the property tax receipts from the previous owners. 

  1. Approval from Local Industrial Development Authority

Ensure that your factory land for sale in Kolkata has obtained proper legal approval from the local industrial development authority. This document ensures that all property complies with local industrial law and protects you from legal setbacks in the future.

  1. Environmental Clearance and Utility Approvals 

For large-scale factories, obtaining environmental clearance is necessary to ensure that all operations comply with environmental regulations. Additionally, all approvals for water, drainage, and electricity connections should also be adequately checked to avoid any disputes in the future. 

Conclusion 

Verifying these seven legal documents may help you clarify your land requirements. At Ganesh Complex, we provide factory plots with clear title, verified documents, and hassle-free approvals. So that you can invest with confidence. 

Want to buy an industrial plot to build a factory? Connect Ganesh Complex today.

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