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Monday 27 June 2016

How to remove bars in buying a property

Lucknow
The dream of running an ATM, parlour or a shop in your home may soon come true with Lucknow Development Authority (LDA) cutting down land use conversion charges.

According to the new rule, a person can apply for change in land use from residential to commercial based on LDA sector rates rather than DM circle rates of the area. The policy would be applicable in all LDA developed localities which applies to more than 45% of the city including Mahanagar, Aliganj, Gomtinagar, Janakipuram, Kanpur Road, Sitapur Road and Vasantkunj Scheme, among others.

This is a big decision for hundreds of residents who couldn't afford paying land use conversion charges based on DM circle rate which keeps increasing every year depending on development of the area. On the contrary, LDA sector rates are cheaper and were last revised in 2014. LDA VC Satyendra Singh Yadav said, "Usually, LDA sector rates are about 1.5 to 2 times cheaper than DM circle rate, so this is going to help many residents who had been long planning to change land use."

LDA officials said they already have 80 applications asking for land use.
"Earlier, it used to cost a whopping amount for changing land use from residential into commercial. Hence, we have only 80 applications. Once we apply LDA sector rates, we are sure to get many more applications," said an official.
Though it applies to independent houses, people living in apartments or group housing projects can also apply but they need to take special permission from LDA. Besides, there are certain conditions to approve the change in land use. A certain road width or parking space is mandatory for running commercial activities.
All applicants need a 'no-objection certificate' from their neighbours before applying for the scheme as they might get disturbed due to the emergence of a commercial set-up in the vicinity.
Commercial activities which may lead to nuisance or cause pollution would strictly be prohibited in residential areas.
Source: The Times of India, Lucknow