Land Acquisition

AsmitA India Realty; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

AsmitA India Realty is seeking a senior land acquisition and redevelopment specialist to source opportunities within MBMC jurisdiction, with a strong track record in closing deals.

You will develop relationships with landowners, societies, brokers and other stakeholders; conduct due diligence on 7/12 extracts, property cards, mutation entries and title documents; analyze DP/TP, zoning, and development restrictions; and coordinate with legal and project teams to drive acquisition closures.

Qualifications

• Experience in land acquisition and redevelopment processes.
• Strong negotiation and due diligence capabilities.
• Experience with 7/12 extracts, Mutation entries, title checks.
• Willing to travel locally for site visits.
• MBMC jurisdiction knowledge preferred.

Responsibilities

• Identify land parcels and redevelopment opportunities in MBMC.
• Build relationships with landowners, societies, brokers and stakeholders.
• Verify 7/12 extracts, property cards, mutation entries, titles.
• Check DP/TP, zoning, and development restrictions.
• Coordinate with legal and project teams for due diligence.
• Negotiate acquisition/redevelopment with landowners.
• Track negotiations, documentation, and closures.
• Maintain a database of parcels, owners and talks.
• Prepare acquisition feasibility reports for management.

Skills

Negotiation

Documentation

Stakeholder management

Due diligence

Travel readiness

Market knowledge

Job description

• Identify and source land parcels and redevelopment opportunities within MBMC jurisdiction.
• Develop strong relationships with landowners, societies, local brokers, consultants and other stakeholders.
• Conduct preliminary verification of 7/12 extracts, Property Cards, mutation entries, title documents, survey/gat numbers and ownership details.
• Check MBMC Development Plan (DP), zoning, reservations, road widening, access, setbacks and other development-related restrictions.
• Identify potential redevelopment and amalgamation opportunities.
• Conduct physical site visits to verify boundaries, access, encroachments, occupants and actual site conditions.
• Coordinate with Legal, Liaison, Survey and Project teams for detailed due diligence.
• Negotiate with individual landowners, families, societies and other stakeholders for acquisition/redevelopment.
• Evaluate land rates based on location, development potential, permissible FSI/TDR and prevailing market conditions.
• Prepare acquisition feasibility reports for management approval.
• Coordinate documentation including LOI, MOU, Agreement to Sale, Development Agreement and Sale Deed, in coordination with the legal team.
• Track negotiations, documentation, payments and closure of each acquisition.
• Handle multiple landowners and resolve commercial/coordination issues during the acquisition process.
• Maintain a database of potential land parcels, owners, brokers, status and commercial discussions.
• Provide regular reports to management on new opportunities, negotiations, risks and expected closures.
• MBMC-Specific Knowledge Required
• Candidate should have practical knowledge of:

MBMC jurisdiction and local land market

• Mira Road & Bhayandar land parcels
• 7/12 Extract, 8A and Mutation Entries
• Property Card
• DP/TP and zoning
• Road reservations and road widening
• FSI/TDR and development potential
• Agricultural/NA land
• Title and encumbrance checks
• Land amalgamation
• Society redevelopment
• Local landowner and broker network

Preferred Candidate

• 9+ years of hands-on land acquisition/redevelopment experience
• Experience dealing directly with landowners and multiple stakeholders
• Strong negotiation and documentation skills
• Ability to independently identify opportunities and take them through preliminary evaluation to closure
• Willing to travel locally for site visits and landowner meetings