UKCIG | UK Capital Investments Group | Real Estate Tips & Trends

Download UKCIG | UK Capital Investments Group | Real Estate Tips & Trends

Post on 17-Jul-2015

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  • UK Capital Investments Group: Incomplete acknowledgements can create a headache, while buying a

    property

    There is a common cause of trouble for House buyers that which project they had booked flat or

    apartment is delayed in its creation. According to UK Capital Investments Group a known name in real

    estate world, the main reason behind this cause is that developer didn't get the essential permission

    required for project approvals.

  • During the conversation between buyers and developers for selling a flat or apartment usually a

    developer tells to buyers that all the approvals from the administrations are permitted or should be

    permit very soon. However as across the country.

    As per UKCIG Everybody get to see that their claim is not true because such developers needs to sell

    their project at the time of the acquired customers they are more desperate to sell their project rather

    than handover the project with their given time.

    That is the reason the buyers didn't get their home on given time frame. So it is must for every buyer

    that they should know the various stages of the project sanctions.

    For ease of buyers at different stages of construction project must be informed of the administrative

    permissions.

    Pre Construction Approvals:

    Approval for land acquisition

  • UK Capital Investments Group describes the first step to start working on any project for which

    acceptances of the following must happen:

    1. Freehold ownership of land should be one in which there are no disputes over ownership and It will

    be easy to sale and there should be no outstanding or some kind of liability on the property.

    2. The developer should achieve the land certificate correspond to the way the project have to

    accomplish.

    3. If the agricultural land to be built, the developer must achieve the permission granted certification

    (change of land use or conversion into non-agricultural land) for non-agricultural land by the District

    Collector's office.

    The next step in the acknowledgement is to begin the project plan of building approval and get

    permission of commencement certificate from Municipal Corporation or development authority.

    4. Developers would have to gain approval for Environmental and related infrastructure because every

    effect of the project should effect around the neighborhood.

    Built-up area of 520 thousand square meters project have to take permission approved by the Ministry

    of Forecasts and environment should be required.

    For 615 meters building projects should take the permissions for Fire Clearance. If the building located in

    air funnel zone it is also necessary to take permission from airport authority to obtain the height

    clearance.

    7. Depending on location need to take approvals from the National Monument Authority, Ministry of

    Defense, National Highway Authority of India, Regulatory Coastal Zone Authority and traffic department

    etc.

    8. IT is also necessary to take approvals from the State Pollution Control Board.

  • After building completions, the approval is Service connections. Before handing over possession of flat

    to buyers, developers should take the approval of related departments to lift water, electricity, license

    and other services.

    Rather than Temporary approvals sustainable NOC is required to achieve. Fire fighting & pollution

    control etc have achieved the final approvals from different departments who certify that the building is

    safe and created during the construction of some kind is not a violation of the rules.

    When occupancy certificate is ready before handing over possession of flats builder should have to

    achieve the occupancy certificate from Local Authority or Municipal Corporation.

    This certificate ensures that the project of certificate of construction has been approved according to

    the plan, and can be given to capture buyers.

    Where most buyers usually don't like to bother these permissions to explore, a little awareness about

    these important things can avoid many problems that can take place anytime.