Alita Compliance Journey through Red Tape and Regulation
Alita, located in Kacharakanahalli, Bangalore East, is a housing project that has undergone a rigorous compliance journey to ensure that it meets all regulatory requirements. This article will provide an overview of the various approvals and certifications that Alita has obtained, highlighting the project developer, Advant Navis Housing Pvt Ltd., commitment to compliance and quality.
The journey begins with legal opinion from an advocate, verifying property title verification, followed by land conversion from agricultural to non-agricultural use, approved by the state revenue department. Alita has also obtained a Khata certificate, which is a legal document used in Karnataka to calculate and file property tax. Additionally, the project has received planning authority STRR approval, which is responsible for developing the Satellite Town Ring Road.
To ensure financial transparency and security for homebuyers, Alita has obtained an APF number from a licensed lender, housing finance corporation or bank. The project has also received approval from RERA, the Real Estate Regulatory Authority, which is responsible for regulating the real estate sector in India. Furthermore, Alita has obtained Plot Khata, which contains all property details, including the owner s details, property size, location, carpet area, built-up area, tax assessment, and property identification number. This certificate is essential for computing and filing property tax in Karnataka.