Brokerage: What Does BRS and LRS Mean in Indian Real Estate: 7 Answers

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

Quora uses cookies to improve your experience.

Read more
LRS
Brokerage
Real Estate Agents
Real Estate Investing
Sales
Real Estate

Brokerage: What does BRS and LRS mean in Indian


Real estate
Ad by FundsIndia

Invest in mutual funds with FundsIndia for free.

A monthly SIP of Rs. 1000 for 30 years can become Rs. 35,00,000 at an assumed
annual return of 12%.

Sign up at freeaccount.fundsindia.com

7 Answers

Vipul Shah, I am Real Estate Consulant


Answered Dec 14, 2015
This means, the building or plot should have been registered before 31.08.2015, in the name
of the person who applies. (The date is not yet frozen. We have to wait for the release of
GO)

All illegal buildings and layouts that came up before that date will be allowed for
regularisation, recommended the Cabinet sub-committee constituted by the Telangana
government to suggest measures for the forthcoming BRS/ LRS.

If you have purchased a Panchayat Layout plot after the cut off date, it can not be
regularized in the present scheme.

7.3k Views · View Upvoters


Your feedback is private.
Is this answer still relevant and up to date?
Related QuestionsMore Answers Below

 What is LRS & BRS?


 What is the difference between BRS and LRS?
 What are the payment options for BRS and LRS?
 Is real estate a bad investment?
 What is Weehawken Real estate?
Ask New Question

Upender Godhesi, Real estate and LRS BRS


Answered Jul 14, 2018
Hi I m Upender I m working as LRS and BRS consultant if not understand below content
contact me 9885696100,9700042172

Here I am explain about BRS and LRS. So many peoples having doubts about this and they
are thinking their property to be regularised under this scheme. First peoples should be
know what is LRS ,what is BRS and what does its? which benefits are there to be regularised
theirs property under this LRS and BRS scheme?

1)what is LRS?

LRS means Layout regularisation scheme .we can regularised un approved layout or un
approved property under this scheme

A)What is Layout ?

Layout means group of plots and connecting roads.

B) what is Un approved Layout?

Un approved Layout means layout not have permissions from competent authorities. In
Telangana state competent authorities are HMDA ,GHMC,DTCP if developer took
permission from these authorities it was called regularised Layout other than (permissions
from Local bodies means Panchayats and municipalities) its called irregular layout .HMDA
deals with Hyderabad surrounding areas or rural areas covered hyderabad city limits
,GHMC deals in side city or urban area and DTCP deals with all towns and rural areas

C)What is Un approved property?

Un approved property means that property not in any layout it is calls open Land

If your plot is in layout that layout had permission from competent authorities you need not
to apply LRS if your plot in layout that layout had not permission from competent
authorities than you should apply LRS to competent authorities (HMDA ,GHMC or DTCP)
and you can individually apply LRS to your plot

If your plot regularised under this scheme than only you can get building permission if
failed to get permission you can't get any building approvals from authorities. Telangana
government plan to keep irregular properties in prohibited list it's means registration
prohibited (No sale and no purchase)
2) What is BRS ?

BRS means Building regularisation scheme if your building had not permitted by competent
authorities (Un approved building)or your building has permission but deviated from
sanction plan than you should apply to BRS

A)What is Un approved building?

Un approved building means not get any permission from competent authorities (Local
bodies g+3 ,g+3 above HMDA or GHMC)

B)What is deviation?

Deviation means building has permissions but violations in sanction plan

C)What benefits if building regularised under BRS scheme

Getting house loans from banks take all clearances like power ,water ,sewage ,tax etc.from
government

I hope I cleared all doubts about LRS and BRS still if you have any doubts contact me on
9885696100,9700042172 or drop me mail on uppy008@gmail.com.

You might also like