Cost of development if you were to develop a layout

[Groupbuyingblrproperties]

Hey everyone -

Some interesting facts i heard from a friend last week which made me
think about the cost factor.

1. If you buy an acre of land for 85 lakhs you get 43560sq ft of
land.
2. The cost per sq feet is 195 rs.
3. Now when you develop it govt. rules prohibit you from selling more
than 60% of the land which means you need to leave 40% of your land
for roads and common amenities. This automatically almost doubles your
cost.
4. Then comes the cost of DC conversion and paying bribe to Panchyat
office and approval for layout etc. Add another 100 rs to the cost per
sq feet.
5. Then you need to spend to develop the land like lay roads,
metaling.
6. So if you were to make your own layout you end up paying
approximately 500-550rs is what i heard.

If someone has any data validating this please feel free to add to it.
With this in mind we can negotiate with the builder.

Anantha

[Groupbuying blrproperties]

Hey everyone

Here's the scanned copies of the layout approval and couple of other docs. Like I said the complete list of documents is more like a 50-60page book which the builder said he'll give to each person who would be going for the plots.

Regards,
Anantha

[Kumar Anchal]

3 and 4 are not opening...gives this message:

"

Sorry, we are unable to retrieve the document for viewing or you don't have permission to view the document.

Please try again later."

[Chiranjeevi]

Opening fine for me..

The road to total land ratio is ~ 32300/115000 = 30% ..very rough calculation

[umanath sekaran]

Hi Anantha,

Point no 3 is very valid & true that we need to leave 40% of the space
to roads & common amenities if we claim the layout as gated community,
but if we look at the site layout it doesn't look like 40% open space,
it will be around 15% to 20% IMO, please correct am if am wrong.

Thanks
Umanath

On Thu, Jun 30, 2011 at 1:19 PM, Groupbuyingblrproperties
<groupbuybl...@gmail.com> wrote:

[venkata karthik]

Hi Anatha,

Is the layout comes under yellow belt or green belt. any idea.

Coming to your below information. yes you can buy a land and form your own layout. i know even some lands and know people who help in getting approval from panchayat. I have seen this some time back for my uncle.

I have seen lands near to Sarjapur road.  The lands are around 6-8 km from our Cisco , Cessna campus.

I can give much more information on this based on peoples interest.

 

i have seen a land near to Delhi public school on sarjapur road, which comes under green belt. They were quoting around 1 crore to 1 crore 10 lakhs.  

On Thu, Jun 30, 2011 at 1:19 PM, Groupbuyingblrproperties <groupbuybl...@gmail.com> wrote:

[venkata karthik]

Hi Anatha,

Is the layout comes under yellow belt or green belt. any idea.

Coming to your below information. yes you can buy a land and form your own layout. i know even some lands and know people who help in getting approval from panchayat. I have seen this some time back for my uncle.

I have seen lands near to Sarjapur road.  The lands are around 6-8 km from our Cisco , Cessna campus.

I can give much more information on this based on peoples interest.

 

i have seen a land near to Delhi public school on sarjapur road, which comes under green belt. They were quoting around 1 crore to 1 crore 10 lakhs.  

This i saw some 5 months back. 

The superb plus point to this, i think name of the ring road is peripheral ring road. i saw a land which is adjacent to coming up peripheral ring road. 

Thanks,

Venkata Karthik.

[Groupbuyingblrproperties]

Hi Venkat,

This land i guess falls under yellow belt and since there is a DC
approval already i don't think we need to worry about it. But anyways,
I'll find out if this is in Yellow belt or greenbelt.

With the cost of 1.1 crore your land purchase cost itself is 252rs.

Regards,
Anantha

On Jun 30, 2:23 pm, venkata karthik <karthik.mallipe...@gmail.com>

[venkata karthik]

Hi Anantha,

Yellow belt will not need panchayat approval, BDA comes into picture. A person to form a layout in yellow belt have to follow all the rules of BDA/BBMP. Layout in yellow belt will get bank loans. layout under green belt will not get loans. If the guy is ready sell for 750 itself indicates it is under green belt.The roads in this layout are 25 wide, In a yellow belt layout with out 40 wide layout will not get approval. As far as i know from my enquiry some 5-6 months back you will not get loans. if it comes then it is well and good.

You can check with builder itself. 

People in that area buy lands in green belt so that they can easily bribe the panchayat and form a layout. One has to spend 10-15 lakhs for forming a layout in 2 acre land [this includes roads and compound wall construction. I saw such layout selling land for 650-750 rs per sqft. I personally know one such guy who has done it he gave me all this information.

[Groupbuyingblrproperties]

Hi Venkat,

The Panchyat Khata is a valid one. You can get approval to build a
house with Panchyat Khata you can't get approval for a BBMP yellow
zone land with B Khata. This land could have been in green belt but
has been converted for residential purpose. For this the approval
comes both from DC and Panchayat. Since the panchayat is a valid body
there are no issues. As per what you are saying BDA/ BMRDA approved
land, you will get it no doubt but there is a cost to it right? And
what about the villages around Bangalore, they don't have any BDA/
BMRDA approval they all fall under Gramthana or village limits. They
all are approved by Panchayat. Anyone can stay in the village limits
but we choose to stay in the city limits because of our necessities.

So here we are deciding if its legal to buy this land and whether is
safe. If you want a BDA/ BMRDA land sure you can get one there are
many around Sarjapur and they are all quoting somewhere close to
1500-1600 /sq feet. In my opinion that's way too overpriced for
something that is another 12kms away.

By the way have you guys heard of Ferns properties they have many
gated communities around Bangalore. Most plots are around 3000-4000 sq
feet and some of the richest ppl stay there. Most of their layouts are
all DC converted and Panchayat approved.

So end of the day you need to make a call whether the price is worth
the place and is your investment safe? I think almost everyone
including me will first worry about those factors. Thanks for your
inputs Venkata I think its a very healthy discussion, and am sure
everyone is learning a lot and to think from different perspectives,
keep your thoughts flowing.

Regards,
Anantha


On Jun 30, 3:36 pm, venkata karthik <karthik.mallipe...@gmail.com>
wrote:

[venkata karthik]

Hi Anantha,

Panchayat is valid one. Even i do agree with you. Only thing i said is about Loans for panchayat approvals.

if you can buy the land with money, getting loans for construction of house are bit easy.

Can you please let me know what is the approximate distance of this layout from our Cisco, Cessna campus or Some other place from where you checked. 

Generally 650-700 are the rates for panchayat approvals in that area some time back. Try to start bargain from 650 as you are going for group buy.

Thanks,

Karthik. 

[Groupbuying blrproperties]

Hi Venkata,

The distance from Hosur road starting at Hosa road to this site is 5.2kms. These days banks have stopped giving loans to buy land is what i heard. But if we go as a group we can get it thru a DSA. Like I said if you have a land with BBMP B khata you will still not get permission to build a house.

Regards,
Anantha

[Puttu raju]

can any one plz send me some layout plan and estimation of that if it possible,my gmail account is putt...@gmail.com

[challa...@gmail.com]

Hi Sir,

its Vinod kumar , i want to know more information about layout development can u please share your contact detail ?

, Thank You. 

[Madhukar G Appaji]

Good Morning Anantha Was the initiative successfull.?