Yes, lot of builders offer a penthouse option and these are totally legal. Most luxurious projects in Bangalore have penthouse options also available. You can check these options at www.nobroker.com
Yes. People are confused for some reason and ask questions like ‘Is it legal to buy a penthouse flat in Bangalore?’, ‘Are penthouses legal in Bangalore?’Legality of the penthouse depends totally upon the clearance obtained by the builders and contractors from the relevant government authorities, BBMP in this case. Often people fall prey to cheap deals offered by small builders who don’t obtain the right certificates and clearances from the government, so I would advise you to be careful on that front. You can opt for NoBroker Legal Services to Buy Property The basic documents that you must ask from the seller of a penthouse in Bangalore are:
Property plan and site plan approved by architects and government authorities
Commencement certificate
Occupancy certificate
Approvals from environmental officers, municipal authorities
If you are sure that the legal requirements have been fulfilled, you can buy a penthouse in Bangalore without worrying about its legality.
Hey pal,
I think the penthouse is synonymous with luxury and sophistication. I have always dreamt of living in one. As I have grown up, I have realised how expensive a penthouse in India is. Just because of the cost, many people don't think of buying them. A middle-class family will have to avail of home loans and get other things financed. I don't think it is illegal to buy a penthouse in Bangalore. If it were, it would be ridiculous. You can buy a penthouses in India as long as the property is built according to the laws and you have the necessary paperwork to support it. Let me share a fun fact. Did you know the word penthouse is derived from apprentice. Which is an Old French word that translates to "attached building" or "appendage".Factors that impact the cost :Location :
Penthouse cost depends on many factors. The location of the property drives up the price. If you construct a penthouse in a popular, urban area it will be an expensive affair. The market value of the property will also be more. On the other hand, properties in rural areas cost less and have lower market value. Buy or rent your dream house ! Check out the real estate platform NoBroker to see property in your area. Size :
The design and the structure, and the size of the flat is another major factor. The size of the penthouse needs to be according to the FAR guidelines. Just to give you an example, if the site is a 30x40 site then the floor area ratio should be 1.75. A person can then construct G+2/Stilt+G+2 Floors in Bangalore. Pros of buying a penthouse :There are pros and cons to buying a luxury penthouses in India. The pros include a better view of the area (panoramic view), private outdoor space, and leading a life of luxury. Cons of buying a penthouse :Cons include continued exposure to elements, higher cost of upkeep, and construction. You will have to face a few practical issues as well. If there is no power backup, you will have to climb to the top floor, moreover, in time of a natural disaster, you will have to evacuate quickly. If you still want to buy a penthouse in India, do conduct research on the real estate market and its resale value.
Shift your belongings with assured safety. Check out NoBroker Packers and Movers to get a free quotation. Read more :What is the average cost of a penthouse in Pune What is the meaning of penthouse? What is penthouses?
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Is it legal to buy a pent house flat in bangalore?
shyamginesh
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August 28, 2020
2020-08-28T21:02:34+00:00 2021-04-20T17:34:51+00:00Comment
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