We save money all our lives to own a home. It is one of the most crucial decisions of our lives, thus selecting the right property which suits all our needs becomes a daunting task. The decision becomes even more difficult especially when we keep hearing news of property related frauds, under construction buildings collapsing, builders going bankrupt etc. Some of these property buying issues are in our control and some are not.
State government in Hyderabad recently made it mandatory for all construction projects to get its building plans and layouts sanctioned before they apply for property registration. According to the new law a builder is not permitted to sell apartments or plots in Hyderabad to people without taking all the mandatory approvals from the civic authorities. If the developer sells a property without building approvals it would be illegal and the revenue department is not permitted to register the property.
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The earnings Section in Hyderabad which will take treatment on the registrations and stamp duty in the beginning resisted The thought as they could foresee a dip inside their income from property registrations in Hyderabad real estate property . The state government experienced sent the proposal into the income Section final calendar year to generate civic approvals mandatory for all jobs ahead of registering. But the new incident of creating collapse at Nanakramguda which killed eleven people today in December 2016 induced the hazards of illegal setting up constructions. Post the incident the municipal administration Section decided to amend its rules and make property registrations in Hyderabad harder.
It's important to get potent legal guidelines which govern the standard of buildings produced inside our cities. This wasn't a standalone setting up collapse incident within our state. Couple of years again in 2014 an under development building collapsed at Moulivakkam while in the suburb of Chennai killing sixty one folks.
With the state federal government the choice was not fast, they were being taking into consideration linking assets registrations with creating sanction options and layout putarine makedonija approvals considering that pretty some time now. This was Considerably required to suppress illegal constructions in the city. A lot of builders were offering illegally produced Attributes to consumers devoid of having mandatory approvals through the authorities. This experienced turn into a major concern as the moment these properties had been offered the authorities could do very little and tries to demolish such buildings resulted in protests with the people.
Buying in this kind of Homes is not simply unlawful but is usually not safe as the construction may very well be of lousy high-quality and government authorities Possess a correct to demolish the creating at any time. Hyderabad isn't putarine do grcke the only metropolis which faces The problem of builders providing illegally produced households to potential buyers, but all the major cities n India face this problem. Other state governments should also make strict laws to restrict such projects. On one hand it's governments’ duty to protect buyers from this kind of fraudant house purchasing, but However it is also our responsibility not to invest in in these initiatives.