1 / 6

Benefits Associated with CMDA-approved Plots

Chennai's real estate market has been bustling with activity in recent times. Chennaiu2019s appeal as a real estate hub is enhanced by its rapidly improving infrastructure, attracting both investors and homebuyers. An increasing number of people are choosing to buy properties in the city to leverage its flourishing investment landscape and enjoy promising returns over time.

pooja199
Download Presentation

Benefits Associated with CMDA-approved Plots

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Benefits Associated with CMDA-approved Plots

  2. Buying a Property in Chennai Chennai's real estate market has been bustling with activity in recent times. Chennai’s appeal as a real estate hub is enhanced by its rapidly improving infrastructure, attracting both investors and homebuyers. An increasing number of people are choosing to buy properties in the city to leverage its flourishing investment landscape and enjoy promising returns over time. Upcoming metro connectivity and affordable land availability are likely to provide a greater boost to the real estate market of Chennai. However, people planning to buy a plot in Chennai must ensure that it is CMDA-approved.

  3. What is CMDA? Chennai Metropolitan Development Authority or CMDA is a governing body responsible for regulating, assessing, and developing the real estate market of Chennai. It is in charge of regulating the complete real estate development in the CMA (Chennai Metropolitan Area) Area by issuing the PP (Planning Permission) under the act of section 49, 1971 Tamil Nadu Town and Country Planning Act. CMDA-approved plots for sale in Chennai ensure that they are located within the city limits and are likely to enjoy much better price appreciation in comparison to properties that are not approved.

  4. Lower Risk of Demolition Buildings constructed on CMDA-approved plots are rarely demolished as long as all the required guidelines are followed. Such a guarantee is not available with unapproved plots.

  5. Easy to Get a Loan Banks and NBFCs grant loans for CMDA-approved properties more easily, in comparison to properties without such approval.

  6. Ideal for Investors CMDA-approved plots for sale in Chennai have a much greater value than the plots that are not approved. These plots are usually located in areas with basic infrastructure and facilities. Hence, these would attract better buyers inclined to pay high prices for the property. If you are planning to invest in a property that would garner a good ROI over time, then opting for a CMDA-approved property would be the smartest move. PROPERTY IRRESISTIBLE TO BUYERS Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse molestie massa ac odio euismod, sit amet rutrum sapien

More Related