Skip to main content

How do you buy a SAFE property?

Bangalore property buyer often get confused with different options available to them for purchase. Also, the recent article in news paper about some builders misrepresenting the approval has created lot of apprehensions among buyers, so are you aware of BDA, BBMP, BMRDA, BIAPPA, MPA, DC Converted, DTCP etc?




Ethical builders like CMRS Group always provide the right guidance and information to buyers. But you can also learn few things yourself. Here is a quick guide to straighten the things out.

First and foremost you should know that Non-farmers are not allowed to purchase agricultural land in Karnataka, only a converted land (Originally most land was used for agriculture) can be used for residential purchase and can be freely sold by anyone. Conversion of land from 'Agricultural' status to 'residential' has to be done by the farmer himself before you conclude your deal and get the property registered. 

Legal Layouts
For the converted land, the plan of the layout needs to be approved by the relevant town planning authority. Bangalore’s Local Planning Area is conceptually organised into three main rings for consideration of zoning and regulations. The inner core is the BBMP area, which has expanded recently, with the inclusion of 110 surrounding villages. This is surrounded by a thin strip which falls under the BDA. This BDA limit is encircled by the BMRDA. The BMRDA, through its five Town Planning Authorities ( Nelamangala, Kanakapura, Magadi, Anekal and Hoskote), is the plan sanctioning authority for all properties falling in the third section.

Again, there is BIAPA that looks into the airport area development, which includes parts of Bangalore North, Devanahalli and Doddaballapur. It has similar  powers as the BMRDA and is a plan sanction authority only for land use around the airport.

There is also the Bangalore-Mysore Infrastructural Corridor Area Planning Authority (BMICAPA) that oversees the area surrounding Bangalore-Mysore Infrastructure Corridor. In Bangalore this includes parts of Kengeri, Uttarahalli and Yeshwanthpur. There are also many village Panchayats that work in these limits which have their own powers.

Development of Apartments
Even if the apartment you plan to buy is on a land which comes under town planning authority and the land has been approved by the same, it is safe to ensure the 'No Objection Certificate' or 'NOC' from BDA. There are two types of NOC. The first is, that so far they have not tried to acquire the land with that particular survey number. The second is, that they do not have any objection to the coming up of a residential layout on that land in future. Both these NOCs are important and necessary.

So, there is lots to validate before you invest your hard earned money in a property. Either you equip yourself with legal knowledge in validating all these or invest in safe properties from ethical builders like CMRS Group which ensures that you are buying a safe property. CMRS Group puts all these in the agreement and indemnify you from any legal hassles that you may be afraid of in future.

For any property advice, free legal advice and any other assistance while buying a property, feel free to call at  +91-7676-122-000 or send an mail to info@cmrsproperties.com

Popular posts from this blog

Row Villas are a New Fashion in Bangalore Realty?

Villas continue to be a dream home for many, but they remain pricey at good locations. People choose to buy high end apartments instead, but Bangaloreans are queuing up to buy Row Villas which are located at premium locations and costs the same or lesser than high end apartments.  For example, CMRS Couryard ( http://cmrsproperties.com/views/courtyard.html), located at Varthur main market near Forum Value Mall is a big hit among buyers.  Row houses Properties come in the category of urban homes, which are located in the same area and are coherent with each other in architecture, design, and appearance.  Row villas are premium segment of row houses. The row houses segment, though less in the overall market size, saw the highest increase in sales velocity in Bangalore with a rise of 23 per cent and only 9.4 months inventory. A clear indication of the growing demand for this type of property. Advantages of Row Villas: Costs less than villas with private gar...

How Green is your Luxury Home?

Do you know that a Green Home consumes 25% less water and saves upto 40% less electricity? It means that you will save atleast one fourth of water tankers standing in your villas or apartments and face less diesel crisis in case of longer power outages. Obviously, you also save lot of moolah in your maintenance cost. Luxurious Green India's super luxury homes are now defined by a life with no compromises.  Apart from an address that will make others turn green with envy, they also offer a Green lifestyle along with well equipped gymnasiums, swimming pools and gardens, complete home automation, and advanced home security systems.  Today’s Indian luxury home buyers are willing and able to pay extra premium, for a desire to stand out and be ‘a cut above the rest’, for super-luxurious green homes wherein price is not a constraint. How to Buy Green? First and foremost, look for a builder that has a view point on resource management. A builder like CMRS Group, which is...

Occupation Certificate (OC), the Hot Item which is rarely SERVED by Builders

Do you know  the BDA had sanctioned the building plan and issued CC and OC for Mantri Tranquil project, but BESCOM disconnected the electricity finding the violations? The reason, t he BDA ignored the fact that the project was within BBMP limits and that the two blocks of the Mantri Tranquil were built on the storm water drain! T he fact remains that the property buyers don't know the importance and meaning of occupation certificate in its true sense. This information asymmetry allows a builder to take customers for a ride. It can be assumed and granted that the small budget homes will be made with little deviations and occupation certificate for the same should not be expected. Such homes have to wait for akarma sakarma to pay the penalty and regularise the construction to get the occupation certificate. But how can you forgive the builders, who charge upwards of 75 lacs and do not provide valid and appropriate occupancy certificate? Without OC, the buildin...