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Behind every law there is a loophole ! Many RE cos do this to subvert the law and procedure ! They even change the name of the layout which was unsold earlier and get approval with backdate and all the people, the RE companies, Registrar office and agents are hand in glove to make extra moolah !
In india everything can be done for a price ! There is another saying ' you tell me the person I will tell u the rule'
For example, the govt says no approval for plots from 1.1.2010, now a seller will manage a approval with a backdate for the same plot, and you will buy a plot with a approval dt. pre 1.1.2010. After all the plot existed and was not created !! Simple !CommentQuote0Flag
- wow India
That was a great reply.
I still have a doubt.
Is it okay to do like that? Meaning will I have any problem later after construction of the building?
How do they get a pre-dated DD from a bank? and when will they encash?
Why they have stopped issuing approval for land from 01.01.2010 onwards, is it applicable to all areas or only to some particular places. Kindly throw some light. It is getting really interesting
- Have they stopped issueing CMDA approval to all areas in chennai or only to particular places since 2009?
You are asking too many trade secrets over the internet which is an open ground ! Where is the question of pre-dated DD ! Remember DDs are valid only for 6 months from the month of issue !!!!! As I wrote earlier... every law has a loophole !
Yes CMDA/DTCP approvals before a certain period have a court stay over them ! You will build the house only after getting an approval for the building plan only if the plot is CMDA/DTCP approved. If there is any problem you will not get building approval at all ! If building approval is given and you proceed further you cannot be faulted later !CommentQuote0Flag