CMDA initiates measures for prospective buyers

Chennai

The Chennai Metropolitan Development Authority (CMDA) has initiated several measures for investors in real estate in the city to update themselves on the land use pattern, approval status, etc. This is a virtual boost to buyers and investors in real estate who are otherwise taken for a ride by unscrupulous people in the industry.

A counselling centre provides a wide range of services free of cost to those looking for guidance with regard to land use, approval and acquisition status prior to investment. In fact with the e-governance initiative taking shape, one can obtain the status of land use through CMDA website today by providing location specific information sought for.

A long standing requirement of the real estate sector in Tamil Nadu is the need to speed up the planning approval process. Towards this objective, the CMDA is conducting a trial run of the automatic approval process mechanism that will scrutinise the application as and when it is submitted to the authority. Through this process, architects may submit it in a CD. The department is now conducting a trial run before ensuring that developers can safely submit it online.

The NSC software is expected to be ready shortly, according to senior official sources in CMDA. Once implemented there is no need for developers to swarm the authorities with voluminous documents to represent their cases. They can submit the application online and ascertain the status of their application also online. In fact the system is modified in such a way that they can see at what stage or with whom the application is lying i.e. assistant planner or senior planner or member secretary.

While delivering the inaugural address at the recently held 3-day Credai property show in Chennai Trade Centre, Phanindra Reddy, IAS, Secretary to the Government, Housing and Urban Development Department, has also assured the industry to look into the paramount need of speeding up the planning approval process.

The industry has also voiced concern that the 18% per cent growth rate recorded in real estate development in the state could have been 30% had there been a pragmatic approach on the government front in reforming the archaic rules that act as deterrents in the housing sector.

Source: http://content.magicbricks.com/cmda-initiates-measures-for-prospective-buyers