What is the procedure, as well as the benefits and drawbacks of installing a mobile tower on your property?
Considering evolving conditions and expanding prospects, renting a home is one of the finest methods to supplement your income. A property may be rented in a variety of ways, including for ad shots, holiday houses, homestays, and workplaces. However, finding a decent renter and securing a consistent income may be difficult in all of the aforementioned cases. As a result, in order to avoid the bother, property owners are opting for more lucrative choices such as mobile tower installation.
Telecom Service Providers (TSPs) are eager to expand their services in every nook and cranny of the country as the number of cell/mobile phone customers grows and competition heats up. As a result, mobile firms have negotiated with property owners to construct a cellular tower on their property, whether it is residential, commercial, or land, in exchange for monthly rent.
However, although the deal appears to be appealing, it does have some drawbacks.
Benefits of installing a mobile tower on your property
A consistent source of revenue
Monthly rentals from cell tower installation can range from Rs 5,000 to Rs 60,000, contingent upon whether the property is in a rural, semi-rural, or urban region. For example, woodland regions and public places distant from residential structures are chosen by cellular providers and hence command higher rents. The sum may also vary depending on the property’s height, size, and region.
Profitability over time
The leasing arrangement with the TSP might last anything from a few months to several years. fortunately the owner may decide to prolong the lease in order to capitalise on a long-term gain. Furthermore, the built tower may increase the value of the property. According to trends, properties with a mobile tower have an additional 10-15% increase in average capital values when compared to other comparable real estate in the region.
Optional services
“Mobile towers on residential buildings may occasionally help the property owner by providing free calls and internet access.” “Improved network service with fewer interruptions is also a supplementary advantage, assuming the property owner uses the same mobile network,” says Rishabh Jain, Realty Expert, Wisteria Real Vision Pvt Ltd.
Drawbacks of having a mobile tower on your home
Health concerns
Cell towers, according to the American Cancer Society, raise the chance of health hazards such as migraines, impairment of memory, congenital impairments, and cardiovascular stress. Numerous investigations also suggest that cell towers, which transmit non-ionizing, high Radio Frequency (RF) radiation, may cause cancer. While numerous physicians have said that RF waves are not carcinogenic (cause cancer), long-term exposure to such waves is harmful to inhabitants’ health.
adversely affects, the property’s visual value
Tall cell towers on your terrace or plot may detract from the property’s visual appeal, especially in picturesque places. Despite many attempts by cellular firms to conceal the towers or build smaller towers, the complex does not appear to mix in well with its surroundings.
How should TSPs be approached for mobile tower installation?
Approaching TSPs directly is the best strategy to rent out your land for mobile tower installation. Online, you may choose from Indus Tower, Viom Ritl, Bharti Infratel, and American Tower Corporation. In the past, these corporations were in charge of tower development programmes in a number of nations. You may also learn more about the firms that are accessible for this purpose by visiting the Department of Telecommunications (DoT) website. You may share your property information with telecom firms and ask them to view it. However, it is vital to know that the firms would only approach you if your property is acceptable in terms of radio frequency. If the site receives a green light, a few Memorandums of Understanding (MoU) are signed, and the property is then leased to the relevant telecom service provider.
Frequently Asked Questions
How can tower installation fraud be avoided?
Visit their official websites if you are looking for Telecom Service Providers (TSPs) on the internet. On the internet, there are hundreds of bogus websites promising to provide tower installation services. These will often imitate the logo or name of a well-known TSP. Do not submit your phone number or email address into any application form on such websites. If you do, you will begin receiving calls or texts from shady characters. To move the procedure along, such a person will want an application/processing fee or purported governmental costs. When you complete the payment, the individual will discontinue all communication with you. It is important to remember that a mobile tower can only be placed by a TSP or an Infrastructure Provider (IP1) in accordance with their licencing rules. The latest list of TSPs and IP1 firms may be found on the DoT’s official website.
Overall, if you’re thinking of installing a cell tower, examine the advantages and downsides. Also, before approaching mobile carriers and negotiating a deal, obtain expert advice and properly study the proposal.
Is it permissible to put up mobile towers in residential areas?
It is critical to realise that no legislation prohibits corporations from erecting mobile towers in residential areas, provided the building has a structural safety certificate or inhabitants object to the installation. Mobile tower installation firms, on the other hand, must guarantee that the tower does not fall within a 100-metre radius of hospitals and schools/colleges. Although the rules recommend that these towers be erected in forests, no restriction precludes their placement in densely populated areas.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
