Rental:Apartments
PROPERTY PURCHASE
POINTS TO BE CONSIDERED BEFORE BUYING A FLAT
CHECK WHETHER THE DETAILS OF APPROVED PLAN HAS BEEN DISPLAYED
AT THE SITE.
CHECK WHETHER THE FLAT HAS BEEN CONSTRUCTED AS PER THE
APPROVED PLAN.
CHECK WHETHER THE PROMOTER/POWER OF ATTORNEY HAS A RIGHT TO
TRANSFER THE UNDIVIDED SHARES OF LAND.
VERIFY WHETHER ENTIRE UNDIVIDED SHARES OF LAND HAS BEEN
TRANSFERRED BY THE LAND OWNER/PROMOTER/POWER OF ATTORNEY TO YOU.
LAND OWNER/PROMOTER/POWER OF ATTORNEY HAS NO RIGHT OVER
THE OPEN SPACES AND IN THE TERRACE AFTER ENTIRE UNDIVIDED SHARES
OF LAND HAS BEEN TRANSFERRED.
CHECK WHETHER THE COMPLETION CERTIFICATE ISSUED BY THE CMDA
HAS BEEN OBTAINED AFTER THE COMPLETION OF THE BUILDING.
IF YOU HAVE ANY FURTHER CLARIFICATIONS REGARDING PURCHASE OF FLAT,
KINDLY CONTACT THE COUNSELLING COUNTER AT CMDA.
POINTS TO BE CONSIDERED BEFORE BUYING OF INDIVIDUAL PLOT
AND CONSTRUCTION OF A RESIDENTIAL BUILDING
CHECK WHETHER THE SELLER HAS A RIGHT OVER THE PROPERTY.
CHECK WHETHER THE LAYOUT HAS BEEN APPROVED BY THE CMDA
ANDSANCTIONED BY THE LOCAL BODY. (COPY OF APPROVED LAYOUT CAN BE
OBTAINED FROM CMDA FOR NOMINAL FEE)
CHECK WHETHER THE ABUTTING ROAD OF THE PLOT HAS BEEN MAINTAINED
BY THE LOCAL BODY OR HAS BEEN HANDED OVER TO THE LOCAL BODY.
VERIFY WHETHER THE PLAN HAS BEEN PREPARED ACCORDING TO THE
DEVELOPMENT CONTROL RULES.
CHECK WHETHER ALL THE DOCUMENTS/CERTIFICATES HAS BEEN ENCLOSED
BEFORE SUBMITTING THE PLAN FOR APPROVAL TO CMDA/LOCAL BODY.
OBTAIN PLANNING PERMISSION FROM CMDA AND BUILDING APPROVAL FROM
THE CONCERNED LOCAL BODY.
IF NOT ACTION WILL BE TAKEN AGAINST THE U NAUTHORISED AND DEVIATED
CONSTRUCTIONS.
Height of buildings
As per CMDA rules any residential or commercial buildings with more than two floors are classified as Special Buildings. Similarly, buildings exceeding 4 floors and or 15 M in height are designated as multi-storeyed. . From these, it is understood that the maximum height permissible for a Special Building is 15 M (50') and the maximum number of floors permitted is 4.
While it is easy to count the number of floors in a building, what are the yardsticks for measuring its height? As per DC rules, the height of building is to be measured from the average level of the Centre line of the street that abuts the plot under consideration to the topmost roof of a building. Architectural features such as, staircase head room, lift machine room, chimneys, elevated water tanks are permitted over the top most floor provided the overall height including these features does not exceed 20 M. Parapets up to 1 M in height are also exempted from the calculation of height of building.
The height of a building is an important factor as any deviation from the sanctioned plan results in the violation of the Side Set Backs. Further, if the building exceeds the prescribed limit of 15 M, it will attract the provisions of multi-storeyed building rules, which are more stringent with emphasis on fire safety considerations.
Similarly, the number of floors in a building is also very important as any increase in the same over the approved plan results directly in violation of FSI besides other violations. Special buildings are normally designed as a Ground plus 3-storeyed buildings as it is quite difficult to achieve the allowable FSI in most plots. You may have noticed many apartment buildings on stilts with typical floors on upper levels. CMDA permits buildings on stilts to facilitate covered car parking at the ground level and the same is not counted as a floor provided the height of such space under the stilt is restricted to 2.2 M (7'4"). This restriction is intended to act as a deterrent to those who convert the parking spaces as habitable spaces after the building is constructed. In such buildings, 4 floors above the stilts are permissible subject to the condition that the overall height is restricted to 15 M.
Parking requirements
Parking requirements are critical for any building, whether it is intended for residential or commercial use. The method of arriving at the parking requirements is different for them.
In apartment buildings, provision for car parking has to be compulsorily made for dwelling units exceeding 75 M2 (807 Sq.ft.) of exclusive plinth area. CMDA rules stipulate that one car space is to be provided for 75 M2 of floor area or part thereof excluding the first 75 M2. For instance, if there are six flats in an apartment block each exceeding 75 M2 of plinth area and if the total exclusive plinth area of all the 6 flats is 720 M2 (7747 Sq.ft.), then the number of car parking required is 720 - - 75 - 1 = 8.6 or rounded to 9. The exclusive plinth area referred here include only the area of flat and exclude the common areas such as lift / staircase lobby, corridors, passages etc.,
What about flats which are having plinth areas less than 75 M2 ? For flats exceeding 40 M2 of plinth area, but less than 75 M2, one two-wheeler parking alone needs to be provided for every family. Therefore, by adopting plinth areas which are marginally less than 75 M2, a developer can get away from the provision of car parking altogether.
Commercial buildings
For commercial buildings which include shopping centres and offices, the parking requirement is computed on the basis of the total plinth area of the development. For shopping complexes, one car space has to be provided for floor area above 50 M2 but below 100 M2. For every additional 50 M2 or part thereof exceeding 100 M2 one car space has to be provided. In the case of office buildings, whether intended as private, semi-public offices and public offices, one car space for every 100 M2 of floor area or part thereof has to be provided. However, for computing the actual parking requirement, only 75% of the total plinth area is taken into consideration.
Violation of car parking rules is one of the common problems encountered by the civic authorities. The shortfall in parking in any development leads to misuse of foot paths, street and roads adjoining the buildings constructed for parking of vehicles, thus causing nuisance to the neighbours, inconvenience to the general public and obstruction to the free flow of traffic. With the increase in ownership of cars and two-wheelers in recent years, the norms for parking require to be reexamined to make them more realistic.
The author is Professor, School of Architecture and Planning, Anna University, Chennai.

THE STRESS FACTOR
The inability to handle the stress of mak­ing actual inquiries with professional prop­erty agents may result in a buyer trying to locate a suitable property on his or her own. Such efforts usually take the form of a Sun­day scooter ride in the company of a close acquaintance, the object being to find and evaluate properties from afar of with casual
inquiries. Such a tactic is, of course, highly detrimental and cannot yield the best possible deal.
THE
BUYER               s discussing a real estate purchase with the project's builder a straightforward matter? Do people just walk up to him, have their doubts clarified, ____
hand over their cheque, shake hands and close the deal?
Unfortunately, this is far from the case in real life in our country Most
people approach builders the way movie fans approach a Bollywood star. They are intimidated, forget what they want­ed to ask and agree with everything he says. Alternatively, they may be completely tongue-tied and cannot say anything beyond 'good morning.' As a result, they often end up with an unfavorable deal that they will regret for a long time to come.
What lies behind this self-defeating at­titude?
A first-time property buyer is in- evitable overawed and over-             
Whelmed in the presence of a           
Builder. In most cases, a buyer will insist that a close friend or family mem­ber accompany him or her for the initial visit. This may, in fact, be a good         
thing - it has been found that most builders do not take a lone real estate purchaser very seriously, and may withhold cooperation and vital information in such a case.
'BABU' MENTALITY
This is a well-known hangover from the British Raj, and is still evident in many areas of Indian life. Many still feel that rich and influential people are always right and cannot be questioned. They also assume that such a person can sense the nature of a problem without being told, and will fix it when he is good and ready
Property buyers often tend to feel outclassed by a builder on all the fronts that matter. Many builders encourage this mind-set. Unfortunately, it is true that the bigger the builder's brand is, the less approachable the builder himself is for per­sonal interactions.
This, above all, can prove to be extremely disadvantageous to a buyer. In an effort to make a good 'first impression', he or she may make a commitment to buy from the very first builder they meet. This will prevent them from making price comparisons with other suitable properties. Seasoned builders are well aware of when they have caused such a re­action, and may put in even stronger marketing tactics in or­der to win the buyer over completely.
IGNORANCE ON THE PART OF THE BUYER
Many property buyers have no idea of what questions to ask a builder or promoter. Such people may be aware of a vague feeling of dissatisfaction with the flat or shop they are about to buy, but that's all. When asked what the nature of their problem is, they are unable to put it into words. In such a situation, it is easy for a builder to get off with noncommit­tal assurances and excuses. To be fair, no builder can be ex­pected to solve a problem that has not even been clearly pre­sented to him.
Furthermore, ignorance of real estate trends can lead to major misunderstandings. For instance, an uninformed buy­er may believe that a property costing Rs. 2500 per square foot is a better deal than whose rate is Rs. 3000. This would mean that he or she is unaware of the fact that a number of factors go into deciding the price of a property - location, facilities, amenities, etc.



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23 comments:

  1. Subramanyam00:10

    3BKH, 1st Flr, Cr Pking,West Tambaram For Rent Available.
    Available for rent, on usual 11 months lease agreement 50 Rs stamp paper, 3 BKH, 2 bath rooms,(1400 sqft), car parking, New Flat, at 15, Ruby Enclave, Mudichur Road, West Tambaram, renewable. Rent Rs.10,000/- pm with 10 months advance. Pure vegitarians small family well employed prefered. Ruby enclave group of 16 flats in a single compound as gated community with flat owners association. K.R.Subramanyam.


    City : Chennai
    Area : K.R.Subramanyam, Selaiyur,Chen
    Looking for / Available : Available
    Category : Rental
    URL :
    Date posted (dd-mm-yyyy) : 20-11-2008

    ReplyDelete
  2. Anonymous00:48

    Anna Nagar 1200sq ft,3 bed rooms 3rd floor flat, with car park,400/7,Manasa Apartments, 2nd Avenue,opp Adyar Anandha Bhavan ,on main road, rent Rs20000 negotiable.10 months advance. contact 26161182/9840523949

    ReplyDelete
  3. Anonymous08:19

    SINGLE BEDROOM FLAT FOR RENT IN MYLAPORE

    There is a good,windy,bright in day time,first floor flat available at Mylapore,near to Chitrakulam,can be occupied immediately.

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    Strictly for vegetarians.Thanks for understanding.


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    ReplyDelete
  4. Feel Home23:53

    PG Accommodations for Men/Women Shared/Single available in & around Annanagar/Mugappair/Thirumangalam /Annanagar West Extn for both Long&Short Stays.
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    ReplyDelete
  5. kalyanaraman19:45

    Independent house for rent at Madipakkam . one km from Madipakkam bus terminus,three
    km from velacherry railway station.2 km from 200 feet ring road, 900 sq.ft, 2 bed rooms, 3phase, copious water,
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    ReplyDelete
  6. RAJKAMAL06:38

    HOUSE FOR RENT: 2BKH,2nd FLOOR,1300SQFT APARTMENTS(4 FLATSONLY),CLOSED CAR PARKING,CORPORATION WATER CONNECTION,@THE HEART OF THE CITY JUST BEHIND OLYMPIA TECH PARK,NXT TO DEFENCE COLONY,EKKATTUTHANGAL,RENT 15K/M AND 1 LAK ADVANCE. BACHELORS ARE ALSO ACCEPTED.

    ReplyDelete
  7. sridevi06:40

    HOUSE FOR RENT: 2BKH,2nd FLOOR,1300SQFT APARTMENTS(4 FLATSONLY),CLOSED CAR PARKING,CORPORATION WATER CONNECTION,@THE HEART OF THE CITY JUST BEHIND OLYMPIA TECH PARK,NXT TO DEFENCE COLONY,EKKATTUTHANGAL,RENT 15K/M AND 1 LAK ADVANCE. BACHELORS ARE ALSO ACCEPTED.contact:9840972700,9790917212

    06:38

    ReplyDelete
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  16. Projects in Raj Nagar Extension

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  17. Ready to Move Raj Nagar Extension | 9999008503 | SG Impressions Plus
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    ReplyDelete
  18. Individual spacious 2BHK house @ Iyyappanthangal, (near Ramachandra Hospital) for rent

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  21. Premium 3BHK apartment for Rent @VElachery Bypass Road. Apartment name SIS Meridian. Semi Furnished, 2 AC, Geyser, All rooms have woodwork done, Modular kitchen,Broadband Internet, Landline phone, 24hr Water and Security, Covered Car parking, Gym, Swimming pool. Call Venkat - 9043017912. Available immedietly.

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New business?
However small
it may be,
success requires
proper planning,
preparation and
insight.

YOUR
RIGHTS In business, there are no
guarantees. There’s simply
no way to eliminate risks
associated with starting an
enterprise. But you can improve
chances of success with good
planning, preparation and insight.
Find out what to consider when
starting a business.
Drawing up a business plan
It’s important to draft a
comprehensive and thoughtful
business plan. Much hinges on
it: Outside funding, credit from
suppliers, management of your
operation and finances, promotion
and marketing of your business,
and achievement of your goals
and objectives.
Creating a business plan will
force you to think about key issues
before you start your enterprise,
such as raising money and your
projected start-up costs and
marketing strategies. This will help
you figure out if your idea is
a winner.

Naming
The core of naming a business lies
in understanding the trademark
law. Trademarks help consumers
identify the makers of the goods
or services. Often, the name of
your company may also be used
as a trademark to identify your
company’s offerings. What’s in a
name, you may wonder. But if you
choose something too similar to a
competitor’s name, you might be
accused of violating the their legal
rights, and you could be forced to
change it and even pay monetary
damages. A good business name
should be:
■ Distinctive
■ Memorable
■ Easily spelled and
pronounced
■ Suggest the products or
services you offer
■ Distinguish you from your
competitors
Partnerships
Many people opt for partnerships
with their friends or relatives for
doing business, because they
feel very comfortable dealing with
people they have known for a long
time. But before you do, create
a Partnership Agreement which
should include the following:
■ Amount of equity invested by
each partner
■ Type of business
■ How profit and loss will be
shared
■ Each partner’s pay and
compensation
■ Distribution of assets on
dissolution
■ Provisions for changes or
dissolving the partnership
■ Dispute settlement clause
■ Settlement in case of death or
incapacitation
■ Restrictions of authority
and expenditures
Financing A new business
Money can be raised either by
borrowing it from a friend, family
member, bank or selling ownership
interests (equity) in your business.
There’s no hard and fast rule on
the best way to raise money; you’ll
have to evaluate your situation
and decide what kind of loan or
investment you’re willing to take.
If you are going beyond family
and friends for loans or equity
investments, you’ll definitely need
a business plan.
If you take a loan, you will
have to repay the money over
time (usually monthly), with
interest. The lender won’t receive
an ownership interest in your
business, and you won’t have to
share any of your future profits
with the lender. On the other hand,
if you raise money by selling equity
(ownership interests), you will
not have to make these monthly
payments or repay the investment
at any particular date. L e g a l
All about you
The business of
doing business
your business is profitable, you’ll
need to share the profits with your
investors, generally in proportion
to the percentage of the business
they own.
Licences and permits
Business licences and permits
can range from the general (a
basic trade licence to operate
a business within a city), to the
specific (a permit to sell alcohol/
firearms/food items). Bear in mind
that regulations vary by industry.
Investigate into the licensing
and permit requirements that
affect your industry, and avoid
any temptation to ignore these
important regulatory details.
Being out of licensing and permit
compliance could leave you
unprotected legally, which may
lead to expensive penalties, and
can jeopardise your business.
Location of workplace
There is no universal rule for
choosing a business location.
The biggest consideration is
sometimes not where it is but
what it is. The building facilities
need to be appropriate for your
business whether you are working
from home, a business centre or
a rented space. Or you could take
up space in a market with similar
businesses or consumer groups.
Entering into agreements
Be mindful of employment
contracts as these take different
forms. All employees at a
company may be asked to sign
the same form of contract, or
each employee may have a
contract with the employer that
is exclusively applicable to his
or her employment agreement.
It mentions the kind of work the
employee will do, for how long,
and at what rate of pay. Please
consult an attorney who can
advise you about Confidentiality
and Non-Competition Agreements,
and clauses pertaining to
ownership of inventions, exclusive
employment, termination,
minimum wages, bonus,
arbitration and jurisdiction.
In almost all business dealings,
every time you or your company
agrees to take some action or
make a payment in exchange
for anything of value, a legal
contract is created. Make sure
that you and the other party
agree on the meaning of any
potentially ambiguous words or
phrases. Even a misplaced (or
unnoticed) punctuation mark can
dramatically change the scope of
your rights and obligations under a
contract. Watch out for commonly
misused words. When you agree to
bimonthly payments, for instance,
do you understand that you will be
paid every other month? Or do you
expect to be paid twice a month?
Some business agreements may
be simple enough for the regular
person to draft, while others may
require the help of a lawyer.
Advertising
If your advertisement is deceptive,
you’ll face legal problems even
if you had the best intentions
while framing it. In addition, if
your advertisement contains a
false statement, you have already
violated the law. The fact that you
didn’t know ‘the information was
false’ is irrelevant. Advertisements
should conform to laws and
should not go against morality,
decency and the religious
susceptibilities of people.
Business Advisors
Finally, the key to success for any
entrepreneur is to have the best
set of advisors, not necessarily
the most expensive but the
ones you can trust totally. These
may includes lawyers, chartered
accountants, insurance advisors,
and bankers among others.

Decide on the meaing of potentially
ambiguous phrases. Even a misplaced
punctuat ion mark can change the
scope of your rights and obligations..