adityaram, Author at Adityaram Properties

Benefits of CMDA approved plots in Chennai

Chennai Metropolitan Development Authority is an acronym for CMDA. The Tamil Nadu Government formed the CMDA as a statutory organization. The Chennai Metropolitan Development Authority (CMDA) is in charge of regulating physical developments in the Chennai metropolitan area. As a result, the Chennai Metropolitan Development Authority (CMDA) has already made a genius plan that specifies land use permission in all areas of the Chennai metro region.

What is the significance of CMDA in plots?

It is critical to establish a responsible authority to oversee the processes and adhere to the guidelines in order for proper planning/development to take place in a community. This really aids in the formation of a better potential course of action. People will support a CMDA-approved plot if they believe it is legitimate. Though the CMDA approval process is more rigorous than the DTCP, the value of CMDA plots is expected to rise in the future as it falls within the city limits. Similarly, Eternity villa plots in ECR are CMDA licensed, indicating that you are purchasing a plot inside Chennai city limits that will appreciate in value in the future.

The Advantages of CMDA-Approved Plots

  1. The DTCP and CMDA approvals include the value of owning a plot/land that can be used for a particular purpose that the planning authority has designated.
  2. The most significant advantage of DTCP or CMDA approval is the ability to obtain property approval. This can also serve as a guarantee that the structure will not be demolished without following the correct procedures for the approved layouts.
  3. Buildings built on CMDA-approved plots/land are rarely demolished, as it is not encouraged unless there is a clear legal reason. This advantage is not available in plots/layouts that have not been accepted.
  4. If approval is sought, the property’s value will skyrocket, and the resale value will skyrocket as well.
  5. Investors can purchase DTCP-approved plots in developing areas that are lacking in infrastructure growth. Whereas CMDA plots are located within city limits, you are purchasing an asset with a sound infrastructure that includes schools, multinational businesses, metro, and flyovers.
  6. Transparency in land/plot transactions has been improved, and resale has been made easier.
  7. Banks can also only accept loans or finance the construction or reconstruction of a building if the land has been approved.

Among the various real investment options, plots are the highest. Calculated decision-making contributes to the right investments. Purchasing CMDA-approved plots in ECR ensures a smooth transaction and eliminates potential headaches.

Important things to know before you buy DTCP Approved plot in ECR, Chennai

Many people dream of owning land on which to create their own home. This is particularly true for young men and women who have big dreams and wishes for a happy and prosperous life.

Today, we can see a number of real estate companies offering appealing property promotions in a variety of locations. Property of this kind is available for purchase both within the city limits and in the surrounding or sub-urban areas. Some DTCP Approved Plots in ECR, Chennai properties are ideal for building your dream home, while others are ideal for investing. However, even if you wait years, some properties cannot have the desired return on investment or at least a fair increase in value. As a result, it’s critical to understand a few factors before purchasing land or a plot for investment or house building.

There are a few important things that you should be aware of before buying a plot. It will help you to find the correct property/land.

DTCP Approved Residential Plots in ECR

You’ll need to learn about the zoning ordinances put in place by the city council to control land use, which is also set by the local planning board. The aim of this plan is to make sure that property owners achieve their goal of owning DTCP Approved Plots in ECR.

Black-Top Road

You can also make certain that the land you purchase has a good black-top road. Adityaram Properties ensures that your plot has quality roads that are asphalted to standards. They also have adequate street lighting, which is a requirement for any DTCP Approved Plots in ECR. The landscaping along the roads allows for nice evening walks in the pristine surroundings.

Examine the website

Never underestimate the value of reviewing a website before making a purchase. Factors like avenue plantation, children play area & parks, 24/7 security, and blacktop road should all be considered.

Estimated market value

Try to learn as much as you can about the market value of land in the area/zone where you want to purchase. As a result, you will get an idea of the plot’s fair expense before paying and signing the paperwork.

Adityaram Properties ensures that all of these values are present in their plots so that you can obtain the best DTCP Approved Plots in ECR.

Follow easy steps before buying residential plots in ECR

Buying a dream house, buying a plot of land, and then building your personal dream home on it.

All desires a home of their own. Buying a dream house, buying a plot of land, and then building your personal dream home on it. However, with rising real estate prices, finding a suitable residential plot is becoming increasingly difficult, and even if we do, it is usually unaffordable. Land is the most common form of the property when it comes to real estate investment. However, there are a few main thoughts to bear in mind when buying land, without which your purchase might not be as sound an investment as you hoped.

Ensure these things when you buy Residential Plots in ECR

LICENSES AND APPROVALS

At first, examine the paperwork. The owner’s name should appear on all paperwork. Do not be fooled by a seller’s assurance that the records are in the name of a previous owner. If you want to stop a splitting headache in the future, you’ll need the following papers.

TITLE DEED

If you want undisputed legal ownership of land for rent, you’ll need a valid title deed. If it’s an agricultural plot, a residential plot, or a commercial investment plot, look for unknown deeds often. Any ambiguous deeds concerning the transfer of land to you must be settled in advance. It would be helpful if you could discuss the title deed with a lawyer.

CHECK THE PROPERTY IS LOCATED WITHIN THE CITY LIMITS

Check to see whether the CMDA (Chennai Metro Development Authority), DTCP (Directorate of Town & Country Planning), and the local government have approved it. For a small charge, a copy of the CMDA & DTCP-approved layout can be obtained. To determine whether a plot is appropriate for construction, consult a lawyer, architect, or licensed surveyor.

As a result, determining the plot’s potential is critical before making a purchase decision. Use it to evaluate the property if you have a specific plot project in mind.

If you take care of the above-mentioned points, you’ll be ready to invest or buy residential plots in ECR!

Top 5 Reasons to Buy Residential Plots in ECR

Do you want to buy Residential plots in ECR, Chennai? In the current scenario, purchasing commercial or residential land, especially in cities such as Chennai, is not an easy task. You must make several careful plans in order to purchase a residential plot in ECR. East Coast Road, or ECR, is currently one of the most popular areas to buy properties at. ECR was created by linking a series of small village roads that ran along with the major locations. The fact that ECR is close to OMR, India’s IT center, added advantages to the investment potential.

Even after the COVID-19 pandemic situation, the real estate market is booming and will continue to do so for a long time. The Residential plot in ECR will be influenced by this trend.

Here are some of the factors that have helped ECR to gain a lot of attention:

  1. Fast Access to OMR:

OMR, also known as the IT corridor, is located near ECR. Both OMR and ECR have a good link. Given that OMR is home to the majority of the city’s tech industries and that many Chennai residents work in them, investing in a property in ECR would undoubtedly alleviate a lot of commuting tension.

  1. Rapid Development:

ECR, also known as State Highway 49, is widely regarded as the most scenic coastal highway. ECR is linked to the southern highway through Pondicherry. Small villages from Thiruvanmiyur to Mahabalipuram, such as Palavakkam, Nilangarai, Injambakkam, Muttukadu, and Kovalam, have grown as preferred real estate investment destinations.

  1. Scenic and Serene:

Infrastructure and sustainability are inextricably linked to the area’s scenic beauty. A balance is maintained by lush greenery and the requisite amount of urbanization. The sea along the road also offers a lovely breeze, which keeps the air clean. The beach along the coast would be the ideal place for a jog or even any mild physical activity.

  1. Completely worth the money

Investing in East Coast Road properties along is guaranteed to amplified profits. Over the last five years, the cost of world-class assets in ECR has risen dramatically, providing owners with a twofold return on investment. Investing in a project at ECR would be your best financial decision, whether you want to rent out your property or live in it.

  1. Facilities and Amenities

ECR is one of Chennai’s most popular tourist destinations. Aside from the stunning beach view, this neighborhood offers its residents a plethora of educational institutes, top-notch hospitals, huge malls, restaurants, shopping destinations, and entertainment centers, all of which are only a short distance away.

LOCATION

ADDRESS:

NO. 50, EAST COAST ROAD, ADITYARAM NAGAR, PANAIYUR, CHENNAI – 600119

E-mail:

sales@adityaramproperties.com

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