As per my research on is it safe to buy BMRDA approved sites or not, I’d like to say Yes, BMRDA (Bangalore Metropolitan Region Development Authority) approved sites are generally safe to buy, provided proper due diligence is conducted. BMRDA regulates land development in the Bangalore Metropolitan Region (excluding BBMP limits) and ensures planned infrastructure. BMRDA approval ensures the land is legally converted for residential use. Approved sites have clear land titles, layout plans, and necessary clearances.
Can I Buy BMRDA Approved Sites?
BMRDA-approved layouts follow zoning regulations and include roads, drainage, water supply, and other civic amenities. Most banks approve home loans for BMRDA-approved sites, reducing financial risks.
However, you must ensure that the layout approval is coming directly from local authorities and not from BMRDA directly. As BMRDA only frames rules to help the authorities with the master plan.
Hence, buyers should check other relevant documents approved by these authorities like they should check whether the land has a clear title and is free from legal disputes. Obtain an EC from the sub-registrar’s office to confirm there are no pending loans or litigation. Confirm that the layout is officially approved by BMRDA and not just claimed by the developer. Cross-check details on the
BMRDAwebsite or visit the office.
Ensure the site has E-Khata (digitally recorded) under the local panchayat or municipal authority. Visit the site to check road access, drainage, and basic amenities. Ensure no encroachments exist. This is all about is it safe to buy BMRDA approved sites.
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Hi, are you trying to know whether is it safe to buy BMRDA approved sites or not, then I can help you. As far as I am aware, BMRDA-approved site properties don’t have the same level of security and reliability as BDA sites. This is because most of these sites are developed by private entities that don’t follow the BMRDA regulations properly. To make it more simple for you, let me lay down the advantages and disadvantages of BMRDA sites.
Is BMRDA Approval Safe for House?
BMRDA, also known as Bangalore Metropolitan Region Development Authority, has a huge role in the development and regulation of projects. Here are their advantages and disadvantages.
Advantages
Compared to BDA properties, BMRDA properties have greater availability. They also cater to a wide range of locations and budgets.
BMRDA-approved sites are more affordable when compared to BDA sites.
They can also be acquired much faster than BDA properties.
Disadvantages
Since there are quite a few private developers and local planning authorities involved, BMRDA-approved sites have different quality of infrastructure and amenities.
As I mentioned earlier, BMRDA properties don’t have proper security and reliability as they are mostly developed by private entities.
Before investing in BMRDA properties, it's quite important to do extensive research and due diligence.
And that’s all. I hope you find this informative and helpful.
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Is It Safe to Buy BMRDA Approved Sites?
Amit
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5 months
2024-10-07T09:24:13+00:00 2024-10-30T18:32:02+00:00Comment
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