Why You Must Check for CMDA Approval When Buying a Plot in Thirumullaivoyal
Thirumullaivoyal has gained substantial popularity as a residential neighborhood over the years due to its strategic location and social infrastructure. However, before buying plots for sale in Thirumullaivoyal, you should do your due diligence. After all, properties are a significant investment. Fortunately, multiple governing bodies in India focus on eliminating fraud in the real estate market and oversee the property sale and purchase process. Chennai Metropolitan Development Authority (CMDA) is one such body.
Thirumullaivoyal has gained substantial popularity as a residential neighborhood over the years due to its strategic location and social infrastructure. However, before buying plots for sale in Thirumullaivoyal, you should do your due diligence. After all, properties are a significant investment. Fortunately, multiple governing bodies in India focus on eliminating fraud in the real estate market and oversee the property sale and purchase process. Chennai Metropolitan Development Authority (CMDA) is one such body.
What is CMDA?
Chennai Metropolitan Development Authority is a state government organization. Its key responsibility involves formulating and implementing plans for the development of the Chennai Metropolitan Area or CMA. It surveys every area under its jurisdiction, creates detailed reports as well as lays out the future development plans for it.
The reasons why it is important to check for CMDA approval when buying a plot of land in Thirumullaivoyal are many, including:
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Plots approved by CMDA tend to entitle the owner of the land to make changes to the plot as per their discretion and need, including the construction of a house in it. Hence, buying such a CMDA-approved plot would be important for anyone planning to construct their home over time.
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As we invest in a CMDA-approved plot layout, we can be assured that the house we construct on it cannot be demolished without any proper legal process.
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CMDA-approved layout plots generally have a higher resale value in comparison to the plots that do not have such approval.
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Investing in a CMDA plot would invariably imply that the property is located within the Chennai city limits and enjoys a good social infrastructure and connectivity.
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CMDA-approved plots have clear titles, which make the land transaction transparent and easy.
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As there is a good level of transparency in the transactions of CMDA-approved layout plots, its resale process is fairly simple and hassle-free.
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Most financial institutions only offer loans for plots approved by key governing bodies like CMDA. Whether you need financing to buy the plot or build a house on it, it is always a smarter choice to invest in a CMDA-approved property.
CMDA approval guarantees the legality and legitimacy of the land, thereby safeguarding our investment. Many reputed and experienced Chennai-based real estate companies offer CMDA-approved plots in Thirumullaivoyal.
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