Top Benefits of Buying Landowner’s Share Flats & Villas | Better Deals & Quality

Both landowners and builders are key stakeholders in any real estate project, whether it involves flats or villas. Buyers have the option to purchase from either the landowner's share or the builder's share, depending on availability. In this article, we explore the advantages of buying flats or villas from the landowner's share.

1. Build Rapport and Negotiate a Better Deal on Landowner’s Share Properties

Landowners tend to be less business-oriented compared to builders. While they aim to sell their share for a good price, negotiations with them often feel more personal and friendly. Establishing a good rapport with the landowner can lead to price negotiations, often resulting in a fair discount. Many buyers who purchase from the landowner’s share form lasting friendships, making the transaction more than just a real estate deal. This personal connection can lead to securing the property at a competitive price.

2. Landowner’s Share Properties Often Include Premium Units

For those looking to buy ready-to-move-in flats or villas, landowner's share properties frequently offer more desirable options. These units may include corner properties or those with premium orientations, such as east-facing units. Landowner properties are often superior in terms of vaastu, floor level, neighborhood features, views, and other architectural advantages.

3. Higher Quality in Landowner’s Share Properties

In any real estate development, the construction of all units, whether belonging to the builder or the landowner, is overseen by a site engineer. However, landowners often take a personal interest in the construction of their share of the properties, ensuring that quality, functionality, and other aspects are closely monitored. This additional attention often results in higher-quality units.

4. Customization in Landowner’s Share Properties

Landowners may live in or rent out their share of properties before selling them. In such cases, various customizations—such as additional plug points, switchboards, shelves, and other fittings—are often already in place. This customization is an added benefit for the buyer.

5. Enhanced Aesthetics in Landowner’s Share Properties

Landowners tend to have a strong emotional attachment to their properties and take personal interest in their upkeep. As a result, flats or villas from the landowner’s share may have superior aesthetics and design features.

6. Save on GST and Pre-Installments

Landowners typically sell their share of flats or villas at the ready-to-move stage, whereas builder's share units may be sold before the project is completed or handed over. Often, the Occupancy Certificate (OC) from the government has already been obtained for the landowner’s share. Having the OC allows buyers to save on GST. Additionally, when purchasing a ready-to-move property from a landowner, there is no need to pay home loan pre-installments before possession, providing further savings.

7. Potential for a Distress Sale

In some cases, landowners may be eager to sell quickly for personal reasons. This can lead to opportunities for buyers to purchase landowner’s share flats or villas at a lower price than usual.

In summary, buying from the landowner’s share offers numerous benefits. You may get a higher-quality, better-designed property at a competitive or discounted price compared to the builder's share. You can also save on GST and pre-installments if you purchase a ready-to-move property.

One Final Consideration

Some buyers may be concerned about potential legal issues involving multiple heirs when purchasing landowner’s share properties. It’s important to note that these issues can also affect the builder’s share, as the entire property originally belongs to the landowner. In most cases, not all legal heirs are included in the Joint Development Agreement between landowners and builders, so any legal risks related to heirs apply equally to both the landowner’s share and the builder’s share.

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