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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Authors Of The Question
Is It Safe to Buy BMRDA Approved Sites?
Amit
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1 Answers
2 months
2024-10-07T09:24:13+00:00 2024-10-30T18:32:02+00:00Comment
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