Why you need to learn Authorities’ Regulations for closing Property deals

Why you need to learn Authorities’ Regulations for closing Property deals

There is a lot of difference in how animals carve their niches and how humans build their houses. But, the common point of the home design for both kinds of dwellers is – safety. The house has to be spacious, comfortable (sometimes luxurious) and all, but it has to be safe from all aspects before anything else. Apart from the safety of property, there is safeguarding of the interest of the components involved in the deal that demands equal attention. This is the reason why property building and planning has to comply with the designated authorities that do their bit in making real estate a better place to invest.

Here is an overview of a number of aspects that authorities want the builder (or seller) to take care of before putting forth the proposal to the buyer.

1.The building or house location

Are you aware of the guidelines that govern the allotment of any land for the purpose of making a house or a residential building? Let’s accept the fact that not all the land was meant to be converted into residential areas. There were lands meant for agriculture, for forests, for parks and also were the ancestral properties of under-privileged population like tribals etc. Also other than residential, there are other land use defined by Urban Planning Authorities, where only specific usages can be planned and provided. So, before starting the construction it is necessary to find the original purpose of land and whether there are certain approvals in place. A seasoned property professional can tell you what all documents you require to prove that your approvals are complete and genuine. Be the one to have that confidence!

2.House type

When the residential layouts are chalked out, the authorities’ recommendations play a major role in deciding what kind of house will be fit for that land piece. The number of storeys for a multi-dwelling unit, area dedicated to open space in case of individual villas, etc is just a few very menial points that you need to get regulations compliant. In fact, there is an exhaustive list of approvals that all point only to one thing eventually, i.e. the quality of living along with longevity of construction and safety of life. No buyer would want his investment to end anytime before the lifetime and would certainly want it to give fabulous returns in coming times. All such desires can be fulfilled only when the safety regulations are complied with. Wherever in case of Societies construction, the responsibility lies on builder to comply with all the safety regulations laid by Authorities.

3.Location of the plot

Proximity to the nearest street, facing of the house, boundaries of the plot and many other things are defined while making a comprehensive master plan by authorities, where end user is supposed to comply the regulations and seeking approval from the authorities, while building a house in it. Some Vaastu believers have their own set of recommendations. Thus, authorities’ issues and the beliefs have to be taken into consideration before chalking out the final layout. You may think of hiring a professional for such jobs but what about the evaluation part? Will it not be good if you know by yourself how authorities’ regulations help you achieve the house of your dreams? The answer certainly lies in Property Education and Training which can enlighten you in a variety of ways.

4.Amenities

A multi-storeyed building plan needs to be approved on amenities also in addition to structure and design. How fire alarm and extinguishing systems will be accessed, sewage disposal arrangements, elevator design and location, parking and green spaces, etc are very few of the numerous points that the builder should have proper planning and approvals for Vehicular and Pedestrian movement plan, rain-harvesting models and water recycling plants are other features that needs reviewing from the competent authorities.

There are several other points of learning, that a real estate investor need to be familiar with, for making property deals a success. A tailor-made learning module that gives you a complete insight into the logic as well as importance of authorities’ regulations is a wise way of mastering this important aspect of closing a property deal. Join Property Education and Training now and crack the code of Authorities Responsibilities and their role in driving the Real Estate market.

To conclude

More than the budget and the intention, it is the intervention of authorities that has driven the property market. A number of aspects are covered by the ruling authorities when the construction plan is put on the table. There is urgent need to ensure compliance with all the rulings so that the construction plan is executed seamless and that it does not suffer from any delays. A plan stuck at any point of time is surely going to be a financial burden for both the buyer and the seller and also for any third party involved in between. When it comes to real estate projects, the time is money and so, one need to be fully aware of the rules and regulations. To know or learn more about these important drivers,click here.