Will you Buy a Car or something of less value if it doesn’t have the right papers of ownership ? , Most of us won’t do that, the reasons might be many, the car you are buying might be stolen & sold to you, etc, But People are still buying Properties in such manner in Hyderabad, a very developed City, with great Infrastructure & the prestigious Metro Rail on the verge of Launching, when you don’t buy a bike or mobile of very less value in such manner, then why buy a Property, which should last & be passed on to generations to come in such manner, the only reason is – Price People are Buying & Selling such Notary lands very close to the main roads & a very developed areas. Hafeezpet is the major Hub for these Notary dealings in Hyderabad, One software engineer recently purchased a notary land of 180 Sq.Yards for 8 Lakh Rupees & the current market price in these areas is Rs. 50000 per sq. Yard, where as these notary lands come for less than 8% of its actual value, for one & only reason that it is not a land which is purchased or to be sold legally forever. It is not even considered a sale & you are not even the owner of the property as far as the Law is concerned, You will get no legal right through a notarized sale.Sale of immovable property can be done only through a registered document, and the vendor should have a registered deed as link document along with necessary permissions from municipality/local authority. The answer given to me by the soft ware engineer, when I asked him about the reason behind his purchase of such notary Land, where the chances of loosing the Property are high, the answer given by him is that, KCR, the Chief Minister of Telangana State has announced that, his government will regularize all the Notary Lands, in & around Hyderabad City as the majority of the occupants of these lands are the native people of Telangana, they have occupied the open government lands at various places in the city & are staying there since long time, though the government has not announced any thing about these lands could be purchased in the recent times or resold like any other Properties. The Chief Minister has ordered to demolish various buildings near Madhapur, these buildings were purchased, built & sold with all necessary permissions, a huge amount has reached to the government with the registrations of these properties, but the buildings were demolished with out any consideration that those Lands belonged to a society, before they were sold by the society to the builders, a permission from the government has not been taken, but the government has received all the taxes, registration fees etc for all these properties, where as the notary land owners do not pay any of these. The Chief Minister of the State has tried to change all the Vehicle numbers of the State as soon as he came to power, but the High Court of the State has rejected & ordered to take back the action as it is against the constitution, So before Buying any Property, instead of taking the Politicians word into consideration, please consider & respect the Facts, Laws& policies of the Nation.
