I have a question regarding BRS/ BPS. I have entered into an agreement to buy 6 years old apartment in Nijampet Road,Hyderabad for which BPS/BRS is not cleared yet. Banker is asking for BRS document for approving loan. I got to know that BRS/ BPS scheme is expired and we cannot get this done now. We need to wait Govt opens window for BRS/BPS. Please help me out with my questions.
Can I buy apartment/flat without BRS/BPS done in Hyderabad .In case owner manages to get me the loan, what are the potential issues.Is it a cycle that Govt opens BRS/BPS window for every 2 years.What is the general cost of the 1100 sft 2 BHK residential apt for BRS/ BPS?
As per GO 901,all buildings that contain deviations from the approved plans may be regularized by submitting the appropriate paperwork and filing the fees.All buildings (commercial, residential) in Hyderabad, Vijayawada, Visakhapatnam and other parts of the state,that have deviations from the approved plans or have no approved plans have to be regularized.The GO (Government Order) and relevant forms are attached.
The last date for filing of applications for the various schemes (BRS/LRS) has been extended to April 30, as a majority of the property owners have not yet paid the fees.The Government Order, shall be ublished on March 31, 2008, so that a number of owners, who may not have heard of the changes, may submit their applications, by the older deadline.
External Links.if he had applied and paid the first installment then take the BPS application number and check with HMDA about the application progress. If the application is rejected by HMDA better you stawy away. If the application is approved and only the final amount is not paid then you may buy.he much-maligned Building Penalisation Scheme has suffered one more jolt with the Andhra Pradesh High Court staying the issuance of regularisation certificates to building owners for the time being. The bench gave these directions while dealing with a petition filed by Mr K.H.V. Prasad, a resident of Kakatiyanagar, who argued that the government does not have the power to approve irregular constructions.
Already, BPS has been pilloried by citizens and political parties for charging high penalisation rates and for selectively targeting building owners, while steering clear of builders and culpable officials. The scheme is meant to regularise deviations from the original design of buildings. The HC directive also comes at a time when the Chief Minister, Dr Y.S. Rajasekhar Reddy, has called a meeting of officials to discuss the possibility of reducing the penalisation rates to stave off public rage.