.
We have an expert team who work hand in hand with the land and title registry who can provide services at a free to our clients who have already acquired a land or a house and needs an authentic documents covering it. These documents can be done at a faster delivery with no hassle.
Once an area gets regularized, the government provides necessary infrastructure in the area, such as roads, water supply and setting up of a drainage system, besides establishing educational institutions and hospitals in the area.
Moreover, a recently regularized area usually sees significant price appreciation since it becomes a legal property for the local development authority.
This also means that prospective buyers can get a home loan for such a property; banks do not give loans for properties in unauthorized colonies and areas .
Existing owners: Once an area is regularized, the owners are required to get their properties registered and pay property tax accordingly. Failing this, the area would remain outside the scope of city planning and remain unauthorized. For example, some areas remain so because the residents were not inclined to pay property tax.
If you have extra floors than what is allowed, during the regularization process, you would have to pay extra lease rent or conveyance charge and get the necessary permission from the authority. However, the authority has the all the rights to demolish the extra floors if they do not sanction the already built floors.
Prospective buyers: If you want to put money in an unauthorized colony, assuming it will become authorized in the future, consider the associated risks. Converting a colony to an authorized settlement depends on the availability of resources such as funds to build infrastructure around it and government policy.
