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 properties 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.