- +91 120-4379968
- info@vagmi.org
- Gautam Budh Nagar, U.P.
We offer a variety of authority-approved and freehold plots for residential, commercial, and industrial purposes. Our plots are located in prime locations, ensuring excellent connectivity and potential for growth. Whether you are looking to invest or build your dream property, we have a range of options to suit your requirements.
An Authority Plot refers to a piece of land that is owned and controlled by a government or a designated authority, rather than being privately owned by an individual or a corporation. These plots are often part of planned developments, housing schemes, or infrastructure projects initiated by the government to meet various public needs. The authority responsible for these plots may be a city or municipal development authority, a state-level development corporation, or a similar governing body.
A Freehold Plot, on the other hand, refers to a piece of land that is owned outright by an individual, company, or any legal entity. When someone owns a freehold plot, they have complete ownership rights over the land, and there is no time limit on their ownership. This is the most comprehensive form of ownership where the owner has the freedom to use the land as they see fit, within the bounds of local laws and regulations.
Depending on the specific arrangement, the plots may be offered on a leasehold basis (where the buyer gets a long-term lease but doesn’t own the land outright) or a freehold basis (where the buyer gets full ownership of the land).
The landowner has absolute ownership rights and can use the land for any legal purpose, whether residential, commercial, agricultural..
Freehold plots can be freely bought, sold, gifted, or inherited by the landowner, providing a high degree of flexibility and control over the property.
Unlike leasehold plots, there are no recurring lease payments since the land is owned outright.
The owner is responsible for the maintenance, taxes, and development of the land, though they still need to adhere to local building codes and regulations.
The Vagmi Group of Companies is a forward-thinking and innovative organization that excels in various industries.