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How to buy property in Lakshadweep?

how to buy property in lakshadweep

Lakshadweep Islands is the smallest union territory in India that is spread across 32.69 sq km and has 36 islands. Of these only 10 are allowed to be visited by tourists and the rest of the islands are uninhabited.  Of these 10 also, foreigners can visit only three. Also, to enter Lakshadweep, a permit is required. After Prime Minister Narendra Modi’s visit to the Lakshadweep islands on January 2, 2024, the popularity of this destination has risen leaps and bounds. It has replaced many tourist destinations to become the number one choice for a visit very soon.

Additionally, the tourist destination also was spoken about in particular at the interim Budget 2024.  Union finance minister Nirmala Sitharaman in her speech said, “To address the emerging fervor for domestic tourism, projects for port connectivity, tourism infrastruture and amenities will be taken up on our islands including Lakshadweep.”

Real estate plays an important role in tourism. This brings us to an important question of the real estate presence there and how can you buy property here? Let us know more in detail in this article.

 

Inhabited islands in Lakshadweep

Lakshadweep is made of 12 atolls, three reefs, five submerged banks and ten inhabited islands. The inhabited islands in Lakshadweep are Kavaratti, Agatti, Amini, Kadmat, Kiltan, Chetlat, Bitra, Andrott, Kalpeni and Minicoy. Bitra is the smallest island and has a population of around 271 persons, according to the 2011 census.

 

Infrastructure in Lakshadweep

According to the 2011 census, Lakshadweep is home to around 64,429 residents. Lakshadweep can be reached by ships and by air. Kochi in Kerala is from where you can board the flight to reach Lakshadweep. Kochi is around 440 km from Lakshadweep.

See also: 8 key infrastructure projects in Lakshadweep Islands

 

Can an Indian buy a property in Lakshadweep?

Yes, an Indian can buy a property in Lakshadweep. However, it is not as easy as investing in real estate in other parts of the country. One has to do a thorough research on if the place he is buying a property in has all permissions from the local administration for development of real estate projects.

 

How to search land records in Lakshadweep?

 

 

 

 

 

Public utilities in Lakshadweep

Mentioned are the public utilities in Lakshadweep. With the presence of these utilities, the real estate here will also slowly show an upward growth.

There are 13 banks, 13 guest houses, 10 postal centres, 13 electricity offices, 10 hospitals and 14 ship ticketing counters here.

 

Cost of construction of residential property in Lakshadweep

As per experts, to construct a residential property of around 900 sqft, the construction cost is between Rs 15 – Rs 18 lakh.

 

Cost of construction of commercial property in Lakshadweep

As per experts, to construct a commercial property of around 900 sqft, the construction cost is between Rs 9 – 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.

Property buying in Lakshadweep: Latest news

Tata Group to build two Taj-branded resorts in the Lakshadweep islands 

The Indian Hotels Company (IHCL) under the Tata Group will build two Taj-branded resorts on the islands of Suheli and Kadmat in Lakshadweep. This project will be developed and open for public from 2026, mention media reports. While the Taj at Suheli will have 110 rooms, 60 villa and 50 water villas, the Taj at Kadmat will have 110 rooms, 75 villas and 35 water villas.

FAQs

Are Indians allowed to purchase a property in Lakshadweep?

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

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

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

How many islands are there in Lakshadweep?

Lakshadweep is made of around 36 islands.

How many can Indians and foreigners visit?

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

How can one reach Lakshadweep?

Lakshadweep is connected from Kochi in Kerala.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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