Legal Question in Landlord & Tenant Law in India

Land Revenue Matter

I intend to establish a warehouse on Mumbai Nasik Highways for which I have purchased sufficient agricultural land from the local resident. I will submit application for change of use allowing the land to be used for non agricultural purposes. While approaching for finace to some private financier against the mortgage of title deeds registered in my name and obtained from the agriculturists, it has been objected by the Law Officer of the financier that an Agricultural Land can not be legally mortgaged because there is a bar under the provisions of the the Bombay Tenancy and Agricultural Land Act,1948. Please advice me giving details of relevant provisions and also some legal decisions of the High Court or Apex Court in the matter.

Asked on 1/04/09, 10:22 pm

4 Answers from Attorneys

Sachin Sangare Private Practise

Re: Land Revenue Matter

The Law Officer is right. Agricultural land cannot be mortgaged. You can motrgage your land once you convert the use of the land from Agricultural to non agricultural use.

Read more
Answered on 1/04/09, 10:36 pm

Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Land Revenue Matter

Law officer is right. Convert the land from agricultural to N.A. and then mortgage the same.

Read more
Answered on 1/04/09, 11:38 pm
Sudershan Goel Sudershan Goel - Advocate, International Visiting Scholar, USA [2008-10]

Re: Land Revenue Matter

You may be able to overcome this hurdle after land use is changed by the competent authority.

Read more
Answered on 1/05/09, 7:48 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359

Re: Land Revenue Matter

Before mortgage you have to convert the land into a non agricultural land

Read more
Answered on 1/06/09, 11:43 am

Related Questions & Answers

More Landlord & Tenants questions and answers in India