Dear members,
I want to purchase land for residential purpose in Pune. The land has legal NA order passed. However, when I read the NA order and spoke with the owner of the plot, I came to know that the State Govt has imposed reservation of 'IT Park' on that entire plot (it conatins many other plot and builder sold them to individuals and now it is more like a residential society). People have purchased it but no one has built the home yet. The 'IT Park' reservation was imposed in 1998 but the land was never aquired by Govt.
My questions are -
1. Is it fine to purchase this land with purpose of building the house?
2. Is there any chance that Govt will aquire it in future?
3. Will the society get legal nod in future?
Regards,