Having property like land and buildings, which can benefit society, is the best blessing a man can have. Do you know that without this technology system it will be difficult for everyone to get reliable internet? Everyone wants to have some source of passive income to meet daily needs and beat rising inflation in the retail market.
One’s source of income could be through mobile tower installation on your land on the outskirt of your city or on the terrace of your building. No man doesn’t need an extra source of income, especially businessmen who need money to maintain their business.
One of the best ways to earn cool cash through your property is by installing a mobile tower on land or a building. Mobile towers that TSP installs nowadays are installed on land. Some are installed on a building or on residential houses because there is no free land available to install.
This article will give full details of the benefits of mobile towers on your land. How can you approach TSPs for mobile tower installation? Documents require to install the mobile tower. Mobile tower installation procedure. How much is the mobile tower rent per month? You will get answers to all the listed questions above.
Untold Facts on Mobile Tower Installation
As a property owner, do you know you can build a stable cash flow for your family? Installing a mobile tower is one passive source of income that your family can enjoy until the day of their death. Thanks to the mobile tower infrastructure, nearly two million years ago, stone tools such as towers are the first known technological invention and internet connectivity. If not for all these, the world would have been in darkness forever.
With the help of mobile tower infrastructure, the population of people that are using cell/mobile phones has increased in the past few years, and this has happened because telecom service providers continue to expand their services in every corner of the country. The gradual improvement has led the mobile companies to deal with the property owner to install a cellular tower on their property; it can be residential, commercial, or land in exchange for steady income.
As a property owner who wants to earn through the land, you can make cool cash through incentives from cell phone companies in India. If you rent out your property for mobile tower installation, there are many benefits in reserve for you.
If you have an open plot or space on your property’s terrace, you can rent it out to a Telecom Service Provider (TSP) to install a mobile tower and create a stable income source. However, there are several advantages and disadvantages to doing so.
Benefits Of Having a Mobile Tower Installation On Property
With the increase in mobile phone users, mobile companies worldwide have been forced to expand their territory and get more land for development. So, below are a few benefits of having a mobile tower on your property:
- A steady flow of income: Leaving your land for something that can benefit you is a great achievement as people are making cool cash doing this. Monthly rentals from mobile tower installation may range between Rs 5,000 per month and Rs 60,000 per month, depending on whether the property is situated in a rural, semi-rural or urban area. Most especially, a property located in an open place is preferred more by cellular companies; therefore, these earn higher rentals.
- Long-term profit: The lease agreement with the Telecom Service Provider (TSP) may vary from 12 months to a few years. The owner can derive many benefits from this as it can be a long-term profit based on the negotiation between the property owner and the company. Apart from the monthly cash agreement, the tower installation may positively impact the property value. It has been stated that any properties having a mobile tower have access to an additional hike of 10%-15% in their average capital values compared to other similar properties in the area.
- Additional services: One of the benefits that property owners who allow the installation of mobile towers on their residential buildings may have is free calls, internet facilities, and high-speed network service with less downtime by the service providers.
How To Approach TSPs For Mobile Tower Installation
Tendering your property for mobile tower installation is not the issue, but what if you have the property that can benefit the company, but there’s no connection for you to get there? Knowing how to get connected with the company is very important. So, The perfect way to let out your property for mobile tower installation is to approach the TSPs directly.
Many options are available online, including Indus Towers, the largest company in India, and its offices spread all over the country. Viom Ritl is also a trusted organization that has a legal firm. Bharti Infratel is also one of the oldest companies in India. That was established in 1976 by Bharti Mittal along with his brothers. And also, American Tower Corporation (ATC), a big company in America, has a good influence in India too. This company also works on the installation of towers.
All these companies have been in charge of tower development programs in several countries in the past. You can make this easy by visiting the Department of Telecommunication (DoT) website to know more about this and the companies available.
The reason why you need to go and approach the TSPs directly is to prevent fraud. There is ongoing mass fraud in the country where fraudsters request a registration fee before installing the tower. For this reason, you need to be very careful.
What Are The Documents Required To Install Mobile Tower?
Below are some documents needed to tender before installation of the mobile tower:
- NOC (No Objection Certificate) from the concerned civil body
- Land paper
- Valid ID proof of owner
- Interest letter from the owner
- Land survey report
You should at least have these documents to know more about installation.
Possible Effect Of Mobile Towers On Human Health
- Brain swelling
- Sleep-related issues
- Hearing loss
- Heart disorders
- Mental disorders
Mobile Tower Installation on Property Procedure
One thing you must know as a property owner before you can take a step to visit TSPs is that anything that has to do with the requirements that may be requested during the installation process can not be decided by the property owner. Only the telecom company can choose or determine what they want for their company as they have to look for original property that can benefit the country and their company.
Based on the decision, it also depends on the RF (Radio Frequency) and location for the installation. This can only be determined if the RF results are good for the building. The company doesn’t disturb the property owner but takes action and figures out the location where a tower is needed. It is better to find your property’s usefulness before going to their office for any business deal.
How Much Monthly Rent You Can Expect For Putting Their Towers On Your Property
Getting in touch with the company is very important to quickly access them anytime you want to collect your monthly rent. Some private companies, like SBA Communication, Airtel, Diamond communication, Vodafone, Reliance, etc., are currently paying a huge amount of money for installing their mobile tower in residential buildings, which depends on what they want.
The placement of a mobile tower on someone’s property depends on their interest In the property and the profits they will acquire from the rented property. However, the payment for this rent is not stable as they pay between 8k to 50k per month.
If you notice a company showing more interest in the property, you can proceed to place a mobile tower.
Most telecom towels in India are now installed by companies not owned by the government. Some companies can pay you better than the government can. If you want a company that pays well, you should rent your property to telecom companies like Airtel, Vodafone, Reliance, etc.
Location can determine the amount you can get as a property owner. If your property is in an open area, you can get Rs. 8,000/ month to 50,000 rupees in some areas like Mumbai, Delhi, Bangalore, Chennai, and other metro locations. Properties located in New Delhi can seem to be more costly when it comes to rent payments. But all telecom companies are capable of paying any amount for the rent.
In conclusion, it is important to remember that no law bars companies from installing mobile towers in residential areas. The choice is for the property owner and the company to determine whether the property will yield something meaningful. All documents listed in this article must be tended to access the installation. To know more about the mobile tower installation on your property, then take your time to read the whole article.