Real Estate is growing asset or sector with 333 Billion USD in 2025. It will grow at 24% CAGR till 2030 to 980 Billion USD.
When people think about investment their first priority is Land, Flat and NA Plot, Agriculture land, etc. Why people choose real estates as a good investment. When will real estates market will crash ?
Residential growth of real estate sector is stood at 17% CAGR annually based on top brokerage firm reports. What is NA Plot and when to buy NA Plot ?
What is Real Estate ?
Real Estate means any type of land that can be helpful for living and creating flats, plots and agricultural use.
There are many types of real estate like residential, commercial, agricultural and industrial, etc. Residential lands are use for flats, plots. There are many comapanies that provide low cost home in metro cities like 99acres,etc. Commercial real estate is use in business, renting, outsourcing. Agricultural land used for farming purposes.
Industrial land refers to warehouses, factory, research and development center, storage and distribution. Warehouses store and transfer goods and services from one place to another.
Agricultural Land in Real Estate ?
Agricultural land generally used for farming, fruits, foods production, investment opportunities. As global population rises so food demand increases with time.
Agricultural land have four types like arable land, horticultural land, mix used farms, pasture land. Prices of agricultural land depend on many factors like government policies, economic growth, population, purchasing power parity.
In india prices vary state to state like in Maharashtra prices is very high, Arunachal Pradesh is low due to less development.
Land close to mumbai city have high prices due to increase in population, development and city growth. Mumbai land price in range between 1-2 Crores.
Future Trends in Agricultural Real Estate
Agricultural land sector key growth drives in future. Sustainable Farming Practices, government focus on organic farming and original cow dunks in farming that will increase production and increases crop Fertility.
Agri-Tech Innovations like tractor, AI driven farming, Fast irrigation and automated farming equipment will help farmers to make foods fast.
What is NA Plot in Real Estate ?
NA stands for Non Agricultural land that can be use for residential, flat, plot, industrial purposes. With government permission that land can use for other purposes than agricultural. By default any land is considered as agricultural land in india.
We have to convert land into NA plot system with permission of government and local authority of that states. You can convert with the help of tahsildar in tahsil offices at every taluka level.
Under section 44 Maharashtra land revenue code suggest that without NA plot you cannot build home, flat in that land. After converting to NA Plot you can check on your 7/12 for detail information about plot.
Key Differences Between NA and Agricultural Plots
| Feature | NA Plot | Agricultural Land |
|---|---|---|
| Definition | Land converted for non-agricultural use | Land primarily used for farming, Fruits, Pasture |
| Usage | Residential, commercial, industrial, recreational | Farming, horticulture, and allied activities |
| Approval Requirement | Requires approval from local authorities like Tahsildar | Does not require conversion approval |
| Legal Restrictions | Free to construct as per zoning laws | Construction is restricted unless converted |
| Infrastructure Availability | Well-developed with roads, water, and power | Often lacks proper infrastructure |
| Market Value | Higher due to usability and demand | Lower compared to NA plots |
| Investment Potential | Higher appreciation over time | Limited appreciation unless converted |
| Ownership Restrictions | Open for purchase by anyone | In some states, only farmers can buy |
| Government Regulations | Subject to zoning laws and building codes | Strict regulations for conversion to NA |
| Resale Value | Higher and easier to sell | Depends on location and conversion possibility |
Documents Required to Buy For NA Plots ?
While buying and selling NA Plot requires several documents like Title Documents, Legal, Land Use, Tax Documents.
Title Documents :- Title Documnents like Title Deeds, Previous Sales Deeds, Encumbrance Certificate, 7/12 Extract or property Card.
Title Deeds is a document that contains information about ownership and transfer of land. 7/12 Extract provide land uses and details info about previous land owners and Pot Kharaba Land.
Land Use & Conversion Documents :- Conversion Documents contains documents like NA orders and Zoning Certificates.
NA orders confirm land is converted from agricultural land and not from already NA plots. Zoning Certificates ensures land fall under residential, commercial.
Legal Clearances & NOCs :- RERA Registration Certificates, NOC, Land Acquisition Clearance. RERA is a real estate governance authority and owned by government of India. Without RERA registration no one can buy and sell land in India.
Land Acquisition Clearance means check government had not acquired your land for government projects.
No Objection Certificates from various departments like environment, revenue, and municipality, depending on the plot location. This document is helpful when you try to sell plot.
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