Geown developer's layout with plantation plots

[fd97108]

Hi,

Few of my friends have invested with Geown developer on the electronics city-sarjapur corridor. They have few more projects between varthur-sarjapur.

This are farm land converted to plantation land and selling it as farm houses with panchayat plan approval.
- No loan available
- No DC conversion
- Construction possible on 25% land only. Mainly people use it as farm or weekend house.

Can members comment, what is this plantation conversion and what are drawback of buying such land. I see some comment about cheating on web for this developers, but when I asked my friend, they said, it is just deal gone bad, so don't pay attention.

Please help.

--Vipul

[Mahesh1280]

What is the cost psqft these projects??

[fd97108]

It should be around 650-700psft. Note that it is 2km inside the main road.

Any help regarding plantation conversion will be good.

[bangalorebalaji]

Is conversion from farmland to plantation is possible? what is the feature risk buying plantation site. Any inputs on plantation site is appericiated.

[fd97108]

Well, I got this clarified.

Yes, it is possible, but need to show plantation in the area. Basically they use a loophole in Karnataka Land Act.
Actually, most of the farm houses you see on outskirts follow this model as per my findings.

[panandh]

Hi fd97108,

I'm interested in investing in this area. Could you please contact me at panandh@gmail.com?

Thanks,
P. Anandh