3.71 Acres Commercial Land with Solar Lease Income in Vijayapura District, Karnataka| 82 Lakhs Per Acres | BHOOVIX BX-30458

3.71 Acres Commercial Land – Exceptional Opportunity

Property Overview

This is an excellent opportunity to acquire 3.71 acres of agricultural land forming part of a larger 11.14-acre jointly owned agricultural property in Karnataka. The seller is offering their 3.71-acre undivided share in the property. The complete 11.14-acre property is presently recorded in the RTC under the names of three owners, making it important for prospective buyers to understand that the offered property represents an undivided share rather than a separately demarcated 3.71-acre parcel.

This 3.71 Acres Commercial Land represents a unique investment opportunity in Karnataka.

Existing Solar Project

A major highlight of this property is the existing solar power project operating on the land. The agricultural property is currently leased to Sevalal Solar Pvt. Ltd. for solar power generation. Because the land is already associated with an operational solar project and lease arrangement, the seller is presently receiving recurring lease income from the property.

This 3.71 Acres Commercial Land is further enhanced by the solar project, making it an attractive asset.

The seller’s current share of the lease income is approximately ₹25,000 per month, equivalent to around ₹3 lakh annually. This recurring income provides an additional financial benefit to the land ownership and makes the property different from a conventional agricultural land purchase where income generally depends on cultivation and crop yields.

Solar Lease Income

The existing lease arrangement is one of the property’s primary attractions. The seller currently receives approximately ₹25,000 every month as their share of the rental consideration. On an annual basis, this amounts to approximately ₹3 lakh, subject to the terms and conditions of the existing lease agreement.

The lease arrangement may also provide for an increase in rental consideration based on applicable unit or power rates, depending entirely on the specific terms contained in the original agreement. Prospective buyers should carefully review the lease agreement to understand the current rent, escalation mechanism, payment terms, lease tenure, responsibilities of each party, and other contractual conditions.

Ownership Structure

The property consists of a total extent of 11.14 acres held jointly by three owners. The RTC records the property under the names of these three owners. The seller is offering their 3.71-acre undivided share from the larger property.

Since this is an undivided share, buyers should conduct detailed legal due diligence regarding the ownership structure, shareholding, survey details, boundaries, possession, and rights associated with the offered share. The exact nature of the transaction and the buyer’s rights should be confirmed through the original title documents, RTC records, survey records, and applicable legal documentation before purchase.

Agricultural Land Ownership

The property remains agricultural land and represents an opportunity to own an agricultural land share that is currently generating lease income through the solar project. The combination of agricultural land ownership and an existing contractual lease arrangement provides a distinctive investment proposition.

This 3.71 Acres Commercial Land offers more than just agricultural potential.

The property’s existing use for solar power generation should be understood separately from the underlying classification and ownership of the agricultural land. Any future change in land use, development, construction, or other activity would be subject to applicable government permissions and regulations.

Existing Road Access

The attached Bhoomi Maps satellite image shows the property and surrounding survey boundaries. Existing road access can be seen along the property, providing connectivity to the land and the surrounding area. Buyers should verify the exact road location, access rights, approach road, and survey boundaries through official records and a site inspection.

Road connectivity can be useful for accessing the property and for maintenance and operational requirements associated with the existing solar project. The actual legal status and width of the access road should be independently verified during the due-diligence process.

Future Lease Potential

Another potential advantage is the possibility of continuation or renewal of the solar project beyond the existing lease period. However, any future renewal or continuation is dependent on the terms of the existing lease agreement and mutual consent of the concerned parties.

Investing in this 3.71 Acres Commercial Land opens doors to future lease opportunities.

Similarly, any future increase in rental consideration will depend on the escalation provisions contained in the lease agreement and applicable contractual conditions. Buyers should not assume future rent increases or lease renewal as guaranteed and should review the original agreement carefully before making an investment decision.

Investment Opportunity

The property offers a combination of agricultural land ownership and recurring lease income. The seller’s 3.71-acre undivided share currently generates approximately ₹25,000 per month, or around ₹3 lakh annually, through the existing solar lease arrangement.

This 3.71 Acres Commercial Land is ideal for buyers looking for value.

For buyers looking for a long-term land holding with an existing income component, this property may be worth considering. The existing solar project can provide a recurring rental stream while the buyer retains ownership rights in the offered agricultural land share, subject to the terms of the transaction and applicable legal requirements.

Important Documents for Verification

Before purchasing the property, prospective buyers should carefully verify the original RTC, title documents, previous sale deeds or ownership records, survey records, mutation details, encumbrance information, and other relevant revenue documents. Since the property is jointly owned, the seller’s exact 3.71-acre undivided share and authority to transfer that share should also be confirmed.

Verification of the lease terms for the 3.71 Acres Commercial Land is crucial.

The existing solar lease agreement should be examined in detail to verify the lease period, rental amount, escalation provisions, renewal conditions, termination clauses, transferability, responsibilities of the landowners and solar company, and any restrictions affecting the transfer of the seller’s share.

Key Property Highlights

Key highlights of this 3.71 Acres Commercial Land include its solar income.

• 3.71 acres agricultural land share
• Part of a larger 11.14-acre jointly owned property
• Three owners recorded in the RTC
• Seller offering 3.71-acre undivided share
• Existing solar power project
• Land leased to Sevalal Solar Pvt. Ltd.
• Current lease income of approximately ₹25,000 per month
• Approximately ₹3 lakh annual rental income
• Potential rental escalation subject to the lease agreement
• Potential lease continuation or renewal subject to contractual terms
• Existing road access visible in the Bhoomi Maps satellite image
• Agricultural land ownership with recurring lease income
• Suitable for long-term investment

Overall Opportunity

This 3.71-acre agricultural land share presents a distinctive opportunity for buyers seeking land ownership combined with existing solar lease income. The property forms part of an 11.14-acre jointly owned agricultural property, with the RTC presently recording three owners. The seller’s share generates approximately ₹25,000 per month from the existing lease with Sevalal Solar Pvt. Ltd., providing an annual rental income of around ₹3 lakh.

This investment in 3.71 Acres Commercial Land combines ownership with proven income.

The possibility of rental escalation and continuation or renewal of the solar lease may provide additional long-term potential, but these matters remain subject to the original lease agreement and mutual consent. Buyers should independently verify the title, RTC, ownership share, survey boundaries, road access, solar lease agreement, rental payments, lease tenure, escalation provisions, renewal conditions, transferability, and all applicable legal requirements before completing the purchase.

Buyers of this 3.71 Acres Commercial Land should consider both its agricultural and income potential.

Karnataka Bhoomi Land Records: For checking RTC, land ownership, mutation, and other land record information, visit the Karnataka Bhoomi Land Records portal.