Question: Are all the approvals in place?
Ask
the developer / promoter for the licence, which is proof that he has obtained
permission from the areas town planning authority to develop the project.
Every
licence has a unique number. Developers / promoter who have obtained the
licence often print the licence number in their ads.
Also
ask whether the developer / promoter has received the following approvals:
1.
Building plan
2.
Water clearance
3.
Environment clearance
4.
Pollution clearance
5.
Height clearance (if the building is situated near an airport).
Often,
when clearances have not been obtained, the developer makes optimistic
projections that he will get them within, say, six (6) months.In reality, delay
in getting clearances is one of the chief causes of project delays, says Mr.
Rajan Ahuja, Director, Realty & Verticals, a Gurgaon-based realty
consultancy.
Src:
ET
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