Population growth rate, creating new avenues and increased volume of property buyers have triggered the propagation of varied real estate projects. Rapid industrial expansion and faster connectivity between townships and cities were the major key points behind the swelling property prices.
Current buyers are no longer comfortable with a sheer place
to live in. when their per capita income increases, their idea of expenditures
involves investing in real estate, gold, and share market, which in turn assures
maximum returns, and comfort of securing their money
With a hike in the real estate graph, property developers in Tamilnadu started
establishing new and modern township projects within the city and its outskirts.
To attract maximum buyers and to make it appealing, property developers include
major facilities like laying roads, kids-themed parks, parking lots, and other recreation
in a close range to the townships.
Hence these facilities became mandatory for property
developers in order for them to apply for DTCP Approval.
So, What is DTCP APPROVAL?
DTCP – Directorate of Township and Country Planning.
The government of Tamilnadu enacted Town and country planning (T&CP)
act in the year 1971. The DTCP body is now functioning under the Housing and Urban
Development department of the secretariat.
The ultimate goal of the nodal agency DTCP is to provide land development plans with sufficient facilities for hassle-free living required for the housing society. And also it regulates rural migration, preserves the heritage and historically important places, and protects ecologically sensitive areas like water bodies and agro-lands.
Pros of buying DTCP approved plots:
1. 1. DTCP approved plots maintain the highest level of
transparency for their buyers in terms of proper paper works and documentations.
2. 2. DTCP approved plots guarantees buyers are provided the necessary
facilities around their property like water, quality roads, dispute-free
occupancy, street lights, and more.
3. 3. All DTCP approved plots come with the benefit of an increase in
land value in the future and also secure the investment of buyers and investors.
4. 4. Banks prioritize applicants with dtcp approved plots to lend
home loans, mortgages,s or any property-related loans.
5. 5. It is absolutely impossible to take over or demolish any
house/commercial premise inside a dtcp approved site without any legal
intervention.
6. 6. Each property holds a unique dtcp approval number. Property buyers can check the number with the dtcp approval body to make sure the property developer is legit and trustworthy.
7. The resale value of the dtcp approved plots is higher than the unapproved plots.
Related post: How to check DTCP approval for plots in TN?
W With all this mandatory dtcp approval and its benefits, Maniiway City Developers has brought gated community properties and residential plots for sale to its prospective buyers.
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