Five things required for self-construction in Bangalore

Bengaluru is one of the most vibrant cities in the country that attracts talent from across the country. With a large migrant population, real estate is a vibrant industry in the city. COVID-19 has been a disruptor in more ways than in the city of Bangalore. With remote work or flexible work being the order of day, there is now a growing preference of self-construction in Bangalore.

Post the extended period of lockdowns in the city as well as the country, even the younger migrant population who earlier preferred to live life as it comes, have become very conscious about the basic needs of life i.e., food and shelter and are now eager to have a roof over their heads. The security associated with owning a home coupled has given an impetus to the trend of self-construction in Bangalore, with new homeowners preferring to customise living spaces. 

For those looking at self-construction in Bangalore, the first step is selecting and then finalising the site. Here are some important factors that can be taken into consideration while shortlisting a location. Let’s begin with the basics.

Accessibility 

There are many factors that need to be taken into consideration while choosing a plot for self-construction in Bangalore. The first thing that needs to be taken into consideration for self-construction in Bangalore are the proximity to your area of work or vendor accessibility, along with important support facilities such as hospitals, banks, and shopping areas. 

Choice between immediate and corner site 

While searching for sites for self-construction in Bangalore, there will be options such as intermediate sites. These are sites with roads on the onside. However, if you plan to opt for a corner site, you will find that these are at least 15 to 20% more expensive when compared to intermediate sites.

Types of sites

The other thing about self-construction in Bangalore is familiarisation of the potential buyer with types of sites that one can choose from. Many layouts have been formed under Government approval. These are Bangalore Development Authority (BDA), Bruhat Bengaluru Mahanagar Palike (BBMP) Karnataka Housing Board (KHB) and Bangalore Metropolitan Region Development Authority (BMRDA). These are sites that come under “A Katha”. Other than these, there are layouts from private developers. These are unauthorised sites and may be as much as 10-35% cheaper as compared to “A-Katha” plots.

Certification process

As mentioned above, there are two types of properties that can be chosen for self-construction in Bangalore. A-Khata certificates can be procured for plots that are sanctioned by the state Government and make the loan application procedure easier with any financial institution. B Khata plots indicate that tax is not being paid to the Government, and thus is not considered valid. 

However, if there are minor deviations in B-Khata properties, they can be converted to A-Khata properties. This will require some documentation such as complete tax paid statement, DC converted property and some charges towards conversion. This application can be done online or offline. Once the scrutiny and verification are over, one gets a consent within a maximum of 15 days.  Choosing an A-katha property makes the loan application for self-construction in Bangalore easier. 

The process of getting the plan sanctioned for self-construction in Bangalore involves submitting of necessary documents of ownership along with blueprints and application form. Once all these documents have been sanctioned and verified, one can proceed with the loan application process. 

With service providers such as Agrim Housing Finance present in Bangalore, it is now easy to get a loan for self-construction in Bangalore. Agrim Housing Finance is a housing finance company that caters exclusively to the informal sector in the lower income group and economically weaker sections.

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