hai friends I want to be a builder(I am starting from scratch),i have bought 850 sft of land in a prime place in chennai and I can manage some 12 lakh rupees thro loans i would like to build a small apartment with just three two bedroom flats(just two floors).Now I want to know what formalities i should follow while building and selling this kind of an apartment . what kind of diffficulties will I have face from metropolitan development authority of this city, and from its corporation.Should I get special permission for building apartments or can I build it like my individual house and then sell it of as flats.Please help me
2007-03-26 18:08:00 · 1 answers · asked by paritran 4 in Business & Finance ➔ Renting & Real Estate
Basic question is Return on Investment (ROI), once you are convinced, buy land and start building. Chennai Development Authority has to give approvals, yes.
Find more info on http://relaestatetimes.in
2007-03-30 03:03:53 · answer #1 · answered by Anonymous · 2⤊ 0⤋