Sites and Vacant Plots – to be sold by the developers only after 100% development

The Government of Karnataka has proposed that all the new layouts, which are being developed or will be developed in the state must have 100% infrastructure before being permitted to be sold.

The earlier procedure which permitted the sale of 40% of the undeveloped sites or vacant plots or villas has been done with as many developers and builders sold 40%, 60% and the remaining without the release order, thus the buyer had been put into inconvenience, in order to bring upon a planned development, the Government has scrapped this system.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s