When people choose to buy a new home, they need to check whether it meets all the criteria for their new home. They need to find whether it has connectivity, infrastructure, and access to key industrial, commercial, and residential hubs.
Designing your dream home is important, but you also need an approved layout. When you design your home in an approved layout, you avoid any legal troubles or financial risks that can arise with an unapproved layout.
What An Approved Layout Means:
An approved layout is one that adheres to the regulations and standards set by local and state planning authorities for construction and urban development.
Approvals from the government and local planning authorities are crucial before starting any development or project.
In Tamil Nadu, approvals required include those from the Directorate of Town and Country Planning (DTCP) and the Chennai Metropolitan Development Authority (CMDA). In addition, real estate projects must be registered under the Real Estate (Regulation and Development) Act.
DTCP has jurisdiction over the entire state of Tamil Nadu, except the Chennai Metropolitan Area, which is under the jurisdiction of the CMDA. It concerns the development in rural and urban areas.
With DTCP-approved plots, buyers need not fear legal disputes. The property will have a high market value, and banks provide loans to approved properties.
CMDA is the planning authority for the Chennai Metropolitan Area. If your plot falls within the CMA, you require a CMDA approval. The CMDA approves building plans and is responsible for coordinating, supervising, promoting, and developing the Chennai Metropolitan area. It ensures the layout complies with zoning laws, building regulations, and road-width requirements.
The Real Estate (Regulation and Development) Act serves to protect buyers and increase investment in the real estate sector. It regulates transactions between buyers and promoters through Real Estate Regulatory Authorities, which are present in every state of the country. It monitors the real estate sector and resolves real estate disputes. Builders need to be registered with the Tamil Nadu Real Estate Regulatory Authority; if not, they will face a fine, imprisonment, or both.
The Problem with Unapproved Layouts:
If you have unapproved layouts, here’s what will happen.
- It will be considered an unauthorized development.
- Construction without permission can result in demolition.
- Banks can refuse loans without proper approvals.
- Developers could be prohibited from applying for future approvals.
- Legal Troubles will occur.
- For buyers, water, sewage, and electricity connections will be denied.
- Selling the property will be extremely difficult.
Buyers should think twice before choosing to design homes in unapproved layouts. They can avoid fines and legal trouble if the layout of their homes is approved.
How Approved Layouts Reduce Financial Risks:
Approved layouts indicate that they comply with regulations set by local and state planning authorities. When you choose an approved layout, you don’t have to worry about getting into any legal issues. You also don’t have to pay a fine.
Usually, approved layouts have a higher chance of obtaining a loan approval. Also, the property’s resale value is likely to be high with approved layouts.
Why G Square Housing Focuses Only on Approved Layouts:
When you are in the process of searching for a new home, you need to connect with a real estate developer to bring your dream home to life. It is extremely important that you choose a reputable real estate developer. Reputed companies are known for their excellent service and have approved layouts.
G Square Housing is one such example, being India’s largest real estate developer. They only provide excellent plot developments with approved layouts. Many of their projects offer benefits such as connectivity, infrastructure, a strategic location near industrial, commercial, and residential hubs, attractive pricing, world-class amenities, perfect documentation, and post-purchase guidance through their program Build Assist, which guides buyers from their house plan to housewarming plan. G Square Housing offers 100% clear titles and transactions.
G Square Housing’s plots are registered under RERA. Some of them include properties in Neelankari, Injambakkam, Karapakkam, Madhavaram, and many more.
Some of G Square’s DTCP and CMDA-approved plots include G Square Dynasty, Mahabalipuram, G Square Regal Park, Vandalur, G Square Pavillion, Singaperumal Koil, G Square Neelavanam, Kovilpalayam, G Square South Crown, Meavakkam, and many other properties.
Conclusion:
Having legal approvals is crucial for any type of plot development. Buyers can gain significant advantages with approved layouts compared to unapproved ones. Now you can better understand why approved layouts matter and how they can reduce financial risk for buyers.
If you are searching for a plot developer that specialises in approved layouts, choose G Square Housing!
G Square Housing is India’s leading Plotted Real Estate Developer. They offer buyers the opportunity to turn their homes from mere dreams into reality!
Book your first plot with G Square Housing and start designing your dream home today!
