The decision to Construction is a brave one. Owning a piece of land and beginning your construction journey is definitely going to be an exciting one. Before we could embark on designs let’s emphasise certain critical tasks that must be done prior to the start.
- Proper Documentation: Get your documentation done on priority, here is the list of documents that are required before the start of construction:
- Khata Certificate and Extract: This is the most important legal document that constitutes details about a particular property
- Tax receipts
- Encumbrance Certificate
- Mother Deed and Grant Deed (Gift Deed, if any)
- Identifying the Right People for your Project and Start Designing:
The foundation of a successful project lies in identifying the right resource for your Project who delivers the project within the stipulated time and projected budget, without compromising on quality. Discounts given by some contractors may be attractive, but do take a call basis the current pricing and reliability of the execution partner.
- Plan Approvals: Before the commencement of construction, it is necessary to get the plan sanctioned or plan approvals from respective authorities like BBMP, BDA, BIAAPA, BMRDA, Gram Panchayat etc. The process of getting the plan sanctioned for construction in Bangalore requires the submission of the necessary documents mentioned above along with the KYC of the property owner, blueprints and application form. Post the submission of these documents, they are validated, verified, and approvals are sanctioned.
- Planning your Project/Financials: Now that you have started with the process, planning your project and ensuring sufficient cash flow during all milestones is pivotal. This is a very crucial decision before construction, decide on how you are going to fund the project whether savings will suffice the need and/or loans or any other dependencies. So do plan your financials well in advance to avoid unnecessary delays that impact your overall Project cost.
- Construction of Temporary Shed and Application for New Electric Connection: KEB/BESCOM/BWSSB temporary connections are to be obtained post getting the Sanction plan
THERE YOU GO! LET’S GET STARTED, CHEERS!