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Small Building Owners Relieved

The state government on Tuesday withdrew the mortgage rule for the construction of residential complexes on plots of size 100 st. m. and above.
Hyderabad | 18th May 2011
Bowing down to the pressure mounted on it by property owners, residential welfare associations and public representatives, the state government has withdrawn the mortgage rule for the construction of residential complexes on plots of size 100 sq. m. and above.

The Municipal Administration and Urban Development (MAUD) department stated that a General Order (GO) would be passed on Wednesday to scrap GO 450 that was issued in October 2010.

GO 450 had stated that those constructing residential complexes on plots of 100 sq. m. and above would be required to mortgage 10% of the built area or one floor to the municipality.

Following the sharp decline in the number of people appraching the MAUD for permission for new buildings, the organisation decided to alter the mortgage rule such that it applies only for residential construction on plots of 200 sq. m. and above, and on commercial constructions on more than 300 sq. m.

According to sources, upto 80% of the applicants sought permission for stilt, ground and 2 floors in plot areas of 11 sq. m. and above.

The MAUD had reportedly explained that it was more often than not those who sought permission for G + 2 floors who deviated from the designs submitted for approval and went on to construct illegal structures.

GO 450, officials concerned are reported to have said, was passed to curb the construction of illegal structures in the city.
filed in:  Hyderabad Real Estate, Building Permissions
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