Frequently Asked Questions
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What is DTCP Approval?
DTCP means Directorate of Town & Country Planning. Except in Chennai metropolitan area where CMDA is approving the layouts of housing, institutional &industrial layouts beyond 1-hectare extents all other places in tamilnadu DTCP is the authority to approve such developments.
Land measurements?
1 acre = 100 cent = 4840 sq.gejam
1 cent = 435.6 sq.ft.
1 cent = 40.5 sq.m
1 ground = 222.96 sq.m. = 5.5 cent
1 ground = 2400 sq.ft.
Why we need to invest our money in Real estate?
Our Populations increase Day by day. But Land area in our city will not increase. In future, all people need own house.so that the fields always demand. The value of properties in the real estate market will, therefore, remain stable, rather than gold, share market etc, Investors will seek greater transparency and trust in their investments. On top of everything, real estate is not paper money, this is the asset you can hold tangibly which further enhances its reliability and return on investment.
Difference between DTCP Approved layout and Panchayat layout?
DTCP is an approval for a layout given by a directorate for town planning. It is a different ball game. Panchayat approves even building plans, in cases of group development and multistore building it has to be routed thru DTCP. For areas less than 50 cents panchayat approved plans are equal to the DTCP
Do you have Water facility for your site?
Yes, we have water facility for all our layouts.
Do you have planned Playground or park for children and families in this layout?
Yes, park area is planned in all our layouts. Totally 33% of area is allocated for playground and road facility
What are the measurements for road in your layout?
We have 30 feet (width) that road in all our layouts.
Do we have Bus transportation to this Layout?
Yes, we have bus transport facility for our layout.
Is this Residential area?
Yes, there are so many families, and we have lot industrial area and buildings near by our layout.
Is it fixed price or I can get any offer to buy a plot?
Yes, Fixed price. If you purchase more plots, you will get offers.
I bought 1500 square feet, what could be the registration fees for this?
Registration value is based on that site,11% of guideline value plus additional charges of EC and Document writer fees. Guideline value and market value will differ area to area
Are you providing construction support for our existing land?
Yes, as per your requirement we will plan and provide the construction support, and we are supporting you to arrange home loan.
Is there any educational institution nearby site?
Yes, available. More than 500 Quality schools and Colleges located in and around the erode district.
Am I applicable for PM-Scheme AWAS YOJANA?
yes, it is available for all kind of people. We are making it possible for everyone.
Can I get loan to purchase plot?
Yes. we are providing full support to arrange loan facility for your land purchase.
Depending upon your income proof, we choose the following Banks such as
1.HDFC
2.PNB
3.Canara bank
4.SBI
5.Axis
6.LIC Home
7.Adhar Housing Finance
8.Edelweiss Housing Finance
Interest Rate starts from 7.5%
Pre-closing options available
Top-up from Loan applicable
Processing Durations with in 15Days
Processing fees depends on Bank norms
PROOF NEEDS:
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What is the building construction cost?
Our construction price is starting from Rs1750 to 2000 per square feet (with pillar), without pillar Rs 1650 per square feet. Excluding EB, Bore well, Plan Approval, Compound wall.
Do you have EB facility for your site?
Yes, we have EB facility for all our layouts.
Do you have Drainage facility for your site?
Yes, we have Drainage facility for all our layouts
Can I get ground water at this layout? If yes at what level, I can get ground water?
Yes, it depends upon the places. It may vary, maximum in 350 ft to 600 ft you will reach ground water.
How much the cost will differ from your and market price?
Comparatively it is same, or less than a market price in a fast-growing area.
Is there any temple near to this site?
All religion temples are located nearby this layout.
What is Guideline Value?
Guideline value of land is the estimated market value of land as per government records. Under ideal conditions, guideline value should truly reflect the market value guideline value of a property play an important role in the decision to purchase a property and its subsequent registration.
Is there any industrial or Companies available nearby site?
Yes, erode district is one of the most industrialized in the state of Tamilnadu. Industries that flourished in early days in and around erode area were handlooms weaving and carpet manufacturing. Erode is occupying 5th place in small scale
industries next to Coimbatore, Chennai, Salem and Kancheepuram districts. The district is having 23918 Registered SSI units as on 31.03. 2000.The share of ssi units in tamilnadu state is about 5.9%
Same of the important industries in this district are listed below.
1. Cotton textile industry
2. Edible oil mills
3. Rice mills
4. Other food product industries
5. Leather products
6. Non-Metallic – Mineral products