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Mobile Tower Installation: How to apply and start earning money
Here's how you make money sitting home.
No matter what your profession is or how much you earn monthly, you still wouldn't mind a passive income alongside. Who wouldn't want an income on regular basis with minimal to no effort to maintain it? Mobile tower installation on your property is one such option. Telecom giants such as Airtel, Reliance Jio 4G, Vodafone and others are continuously spreading their network boundaries, and if everything falls into place, they might want to rent out your property for installing their tower.
This is without a doubt a very lucrative option and pays handsome amounts in return. Mukesh Ambani led Reliance Jio 4G plans to install 45000 towers in coming six months for the Indian consumers, and this is a very good chance for you to get a slice of the cake. But before you get too excited, there are few things that can come between you and your fortune.
How to apply
First things first. Before you approach someone for the tower installation, make sure you check and verify their authenticity, or you might end up getting deceived. There have been cases in the past where people were asked to pay the registration fee in advance, only to find out that they were being tricked. If you come across any such offers, then complaining to a concerned authority is advisable.
In fact, if the location of the property is suitable for installation, you don't have to pay anything in advance in the name of registration or tax. Keep in mind that only Access service licensee (granted with license under section 4 of Indian Telegraph Act) and the companies have Infrastructure Provider-1 registration by the department of telecommunication have the rights to own a mobile tower.
*Please find few links to apply for installation below*
- http://www.industowers.com/landowners.php
- http://www.bharti-infratel.com/cps-portal/web/landowners_propose.html
- http://www.atctower.in/en/site-owners/existing-site-owners/index.html
How to approach?
The best way to get your property rented for installation by the companies is to approach them directly. There are several options available on the web such as Indus Tower, Bharti Infratel, Viom Ritl, American Tower Corporation have been responsible for tower development programs in several countries.
You can look up for more options on the Indian government website, where you can share your property details and invite the company for an inspection. The companies will approach you first only if they find your property suitable according to their Radio Frequency analysis. After the site gets the green chit, few MoU forms are signed, and then the property is offered to different telecom service providers.
Most favorable locations
There are specific rules and regulation that were framed in 2006 and needs to be followed regarding the location of the tower installation.
- Forest area will be the first preference, if you have a property in such area you might get lucky.
- Property not very close to a residential area will be given the second preference.
- If a tower installation is unavoidable in a residential area, it shall not be located in open spaces, with prior consent of the owners of adjoining residential houses.
- No towers will be installed within a radius of 100 meters from hospitals, residential buildings, and educational institutes.
Documents required
- A structural safety certificate from a designated institute is important for installing a tower if the location is around a school building.
- The building owners and telecom operator should get the consent of the municipality authority ensuring that building owner has obtained required permission to install the tower.
- An Indemnity Bond is required from the owner or the operator before the installation to take care of any loss or injury caused due to the tower.
How much will you earn?
The rent depends on the location, height and size of the property and the real estate value of the location is also taken into consideration. The rent might vary from Rs 8,000 to as high as Rs 1,00,000. Having a suitable location in areas such as Mumbai or other metro cities might earn a bigger amount.
According to a telecom enthusiast on Quora, "As far as i know there is no lump sum money but monthly rent that you receive from operators.
The rent ranges between INR 5000 to 10,000 per month. The rent depends upon the importance of that site to be installed on your property. You can always negotiate with the operator for the rent. Best part is that the property is leased for 5 years (as seen in most of the cases). So you can consider steady income in form of rent for next 5 years.
If we consider average rent of INR 7500 per month, that will go close to INR 4,50,000 for five year tenure. I think for a property whose terrace is anyways not going to give you any revenue, INR 4,50,000 is a decent return on investment (only that you investment in this is almost nil).
The only catch is that there is restriction on going to terrace of the property where mobile tower is installed."
There are chances that towers in residential buildings benefits the building owner with free calls and internet. If the operators approach you directly it means the location is suitable for them, so make sure you have your bargaining caps on crack a lucrative deal and get a good passive earning.
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