How to buy property in Lakshadweep?

By Investoxpert | 07 Feb 2024 | Real Estate

How To Buy Property In Lakshadweep?

The smallest union territory in India, Lakshadweep Islands, is made up of 36 islands and covers 32.69 square kilometers. Out of them, only ten are open to tourists; the remaining islands are deserted. Only three of these ten are accessible to international visitors. Also, a permission is needed to access Lakshadweep.

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After visiting the Lakshadweep islands on January 2, 2024, Prime Minister Narendra Modi's popularity has increased dramatically. It has taken the place of several well-known tourist destinations and will soon be the best choice for vacation. This raises an important question about whether real estate exists there and how real estate is bought. Get all the additional details in this blog.

Inhabited Islands In Lakshadweep

There are 10 inhabited islands, three reefs, five submerged banks, and twelve atolls that make up Lakshadweep. Kavaratti, Agatti, Amini, Kadmat, Kiltan, Chetlat, Bitra, Andrott, Kalpeni, and Minicoy are the islands in Lakshadweep that are inhabited. The 2011 census indicates that Bitra is the smallest island, home to about 271 people.

Know About The Infrastructure In Lakshadweep

There are around 64,429 people living in Lakshadweep, according to the 2011 census. Lakshadweep is accessible by air and sea. Kerala's Kochi is the place from where you may take a plane to Lakshadweep. Around 440 kilometers separate Kochi and Lakshadweep.

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Can An Indian Buy A Property In Lakshadweep?

Indeed, an Indian may purchase real estate in Lakshadweep. It is more difficult than investing in real estate in other regions of the nation, though. It is important to do comprehensive due diligence to ensure that the location where one is purchasing real estate has the necessary permits from the local government to support real estate development.

How To Search Land Records In Lakshadweep?

Step 1: First login to land records portal of Lakshadweep at https://land.utl.gov.in/Process/Login-Page .

Step 2: Scroll down and you will see

Step 3: Choose the island option from the drop-down menu, then type the survey and sub-division numbers and press "Search." The land records that will assist you in making wise judgments will be visible to you.

Public Utilities In Lakshadweep

The Lakshadweep public utilities are mentioned. These amenities will cause the real estate in this area to gradually increase in value.

This location has thirteen banks, thirteen guest hotels, ten postal centers, thirteen electrical offices, ten hospitals, and fourteen ship ticketing counters.

Cost Of Construction Of Residential Property In Lakshadweep

The cost of construction a 900 square foot residential house will be between Rs. 15 and Rs. 18 lakh.

Cost Of Construction Of Commercial Property In Lakshadweep

Experts estimate that building a 900 square foot commercial property would cost between Rs 9 and Rs 11 lakh.

How Can You Check Island Wise Land Holding In Lakshadweep?

On the https://land.utl.gov.in/Process/Login-Page, under MIS reports click on Island wise land holding. You will get all details required that will help you when you are looking at investments in the island.

Latest News: Property Buying In Lakshadweep

Two Taj resorts will be constructed by the Tata Group in the Lakshadweep islands.

On the islands of Suheli and Kadmat in Lakshadweep, the Indian Hotels Company (IHCL), a division of the Tata Group, is constructing two resorts under the Taj brand. As stated in media sources, this project would be constructed and made public starting in 2026. There will be 110 rooms, 60 villas, and 50 water villas at the Taj at Suheli, and 110 rooms, 75 villas, and 35 water villas at the Taj at Kadmat.

Frequently Asked Questions

Q. Are Indians allowed to purchase a property in Lakshadweep?

Ans- Yes, an Indian national can buy a property in Lakshadweep if he has all the permissions and authorization from the local authority for it.

Q. Is there a restriction on the type of property an Indian can buy in the Lakshadweep Islands?

Ans- No. You can buy a residential or a commercial property in Lakshadweep Islands.

Q. How many islands are there in Lakshadweep?

Ans- Lakshadweep is made of around 36 islands.

Q. How many can Indians and foreigners visit?

Ans- An Indian can visit 10 islands and foreigners can visit only three.

Q. How can one reach Lakshadweep?

Ans- Lakshadweep is connected from Kochi in Kerala.

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How to buy property in Lakshadweep?