Advantageous Aspects of buying CMDA Approved Property in Chennai

Chennai is a fast-growing metropolitan city. Formerly known as Madras, this bustling urban hub has today emerged as a major realty hotspot. Chennai is a culturally diverse cosmopolitan city that is both traditional and modern in equal measure and is considered to be a highly preferred location for setting up a residence, as well as making property investments. Purchase of Chennai Metropolitan Development Authority or CMDA approved plots for sale in Chennai is particularly a popular trend among both home seekers and investors. 

Many factors contribute to Chennai’s appeal as a real estate hub and make it a good idea to invest in a property in the city: 

• Well-developed Infrastructure: Chennai has witnessed considerable development in terms of infrastructure over the years, which has had a significant positive impact on its real estate market. The Chennai Metro service has particularly helped improve accessibility both within the city and its suburban areas. The upcoming Chennai-Bangalore Industrial Corridor (CBIC) is additionally expected to improve connectivity between Southern India and East Asia, and augment employment opportunities in the region. 
• Seamless connectivity: One would not have to worry about connectivity when living in Chennai. Travelling around the city and beyond is fairly easy and hassle-free. No matter where one has to go, they can get their car onto the national highway, book a bus, or even catch a train or flight. Public transport in Chennai is renowned for its timeliness and efficiency. 
• Excellent medical facilities: Chennai has some of the best medical facilities in India. Right from affordable clinics and nursing homes, to high-end super-speciality hospitals, healthcare facilities of varying types can be found in Chennai. It also has a flourishing medical tourism industry, and many people from abroad also visit the city for medical treatment. 
• Ample opportunities for employment: The economy of Chennai is primarily driven by hardware manufacturing, software services, healthcare, automobile and financial services sectors. This city contributes to a large percentage of the IT services in India. 

Conducting Property Verification 

Purchasing and investing in a property is a complicated and extensive process. While property options in the city are many, you must prioritise CMDA approved plots for sale in Chennaiand conduct thorough property verification. Verifying the legal status of a property is highly vital, before making a financial transaction. No matter whether you are buying a house or a plot of land in Chennai, ensuring the legality of the property with significantly help you steer clear of financial and legal issues in the future. 

Evaluating the legality of property contains multiple aspects, like carrying out research, ensuring that it is approved by the relevant authorities and governing bodies, as well as checking the key legal documents. You can also try to talk to neighbours to verify the information.

When making a property investment in Chennai, finding CMDA-approved land should be your priority.  

What is CMDA?

CMDA (Chennai Metropolitan Development Authority) was formed by the government of Tamil Nadu. It is responsible for regulating the real estate development of Tamil Nadu by issuing the PP (Planning Permission) under the Act of section 49, 1971 Tamil Nadu town and country planning. 

Hence, ensuring to invest in CMDA-approved plots for sale in Chennai is important. 

CMDA provides authority to other local authorities like CMA (Chennai Metropolitan Authority), by providing the power to offer PPs to categories like institutional, industrial, commercial, residential, small and large layouts, amongst others. Particular guidelines tend to be derived under PP and have to be followed when developing any type of property. Approvals from CMDA are vital to construct IT structures, multi-storied apartments, and so on. 

The PP guidelines are quite easy to follow. Before commencing the project, a builder has to get approval from the Chennai Metropolitan Development Authority for three years. The permission gets approved only if the construction companies/developers adhere to the relevant land use guidelines. After the permit is approved, builders must take steps to construct the building within the time allotted by the government authority.

In case there are anomalies found in regard to statutory approvals or the land, CMDA withholds the project. Construction activity performed without the permission of the Chennai Metropolitan Development Authority is subject to sealing, demolition or stay orders from the authorities.

Top Advantages of CDMA-Approved Plots in Chennai

Here are some of the top advantageous aspects of CMDA-approved plots: 

• CMDA approves plots only within the city limits. Hence, by buying CMDA approved plots for sale in Chennai you can do away with the confusion of whether the property is located within the city limits or not. 
• CMDA-approved plots often come with the advantage of being part of a well-planned and regulated development, and tend to promote price appreciation with time.
• Plots with CMDA approvals are rarely demolished as the approval ensures that they been developed after following the relevant guidelines. Such a guarantee is not available in unapproved plots.
• The transparency of the real estate market has majorly improved owing to CMDA approvals and guidelines, which make buying and reselling property easy. 
• Financial institutions provide loans for buying or making any construction on CMDA-approved plots in Chennai without any hassle. 
• Due to their stringent and lengthy processes, CMDA approvals hold quite substantial value.

To avoid any risk of disruption during or after construction, buying CMDA approved plots for sale in Chennaiis important. Another vital reason to buy plots approved by the CMDA is the rigorous approval process involved. The growth potential of these plots also tends to be greater than other types of property approvals.

 Over time, Chennai has emerged as a realty hub. It has an impressive socio-economic infrastructure, good connectivity and ample employment opportunities, of investing in properties in the city would be a smart move.

As the city grows and develops, properties in CMDA-approved areas tend to be appreciated due to the improved living conditions and accessibility. CMDA approval assures that the plot of land adheres to the city's development regulations and guidelines. This approval is essential for legal construction and development activities. Hence, you should prioritise investing in buying CMDA-approved plots for sale in Chennai.