SDMC Digitizes Process To Issue Building Plans Sanction Letters

People looking to construct flats in Delhi there is some good news for you the South Delhi Municipal Corporation (SDMC) has entirely digitized the process to clear the building plans. The civic authority is first civic body in India real estate which will issue digitally signed sanctioned letters. Since property rates in Delhi are very high many people are looking to construct their properties. Now people under the civic area are not required to visit SDMC offices for submitting their application for building plan of property for sale in Delhi. Now people will enjoy paperless digital process the status of application will also be available online.

The single window clearance and common application form will make work much simpler of end-users as well as architects of property for sale in Delhi as now the building plan which will be in form of digitally signed letter will be available for downloading. Lot of paperwork has also been reduced. Multiple affidavits have been merged into a single affidavit making to work of architects of flats in Delhi much simpler. The applicant can also deposit all the applicable charges of concerned departments online to the SDMC. Later when the building plan is sanction it along with the signed letter can be downloaded by applicant or architect of flats in Delhi. The move has been cheered by all stakeholders of property for sale in Delhi. Many people looking at high property rates in Delhi were looking to build their houses but bureaucratic queues were hindering them to do so but now all seems well for the city. 

Around two years back the Government of India had conceptualized a paperless, speedy and hassle-free sanction of building plans for India real estate. The SDMC therefore started developing the initial software and now it is the first municipal corporation in India real estate to do so.

Land Prices of Delhi to Correct

The recent ruling on land pooling has bought cheers to the faces of buyers of flats in Delhi such as apartments in Dwarka. Since ages the prices of property for sale in Delhi such as property in Dwarka have not corrected but now as the land pooling policy has gained approval the prices of property in Delhi for sale are expected to correct.

Since land pooling will allow more properties to develop this will help in bringing a huge influx of real estate asset to the city. This will cause fall in demand of flats in Delhi such as apartments in Dwarka. Also people with small budgets will be able to buy property in Delhi for sale. However the correction in prices of property for sale in Delhi such as property in Dwarka will not happen immediately as development of infrastructure and properties will take their own sweet time.

Also currently it has to be seen if private developers come forward and accept the proposal of developing land. Farmers also have to be convinced to give up their land in exchange of an alternate plot of land on which they can develop property for sale in Delhi. Still realty experts believe that flats in Delhi will see some correction as the supply of property in Delhi for sale will increase dramatically.  For a very long time buyers have been sitting on the sidelines waiting for the property prices to correct. It seems that their wait might finally be over with the land pooling policy going forward. However it needs to be seen what impact this decision has on the overall property market and how steeply the prices of flats in Delhi correct. For now all we can do is to wait and watch as to how the property market reacts.