HC ruling spurs demand for ‘DTCP approved’ plots in city

By | November 6, 2016

‘DTCP approved’ seems to be the new catchphrase in all the real estate advertisements. Two months after a high court ruling ordering that only plots approved by the Directorate of Town and Country Planning (DTCP) can be registered, the demand for such approved plots has gone up in the city.
“In a place like Coimbatore, hardly 5% to 10% of the plots are DTCP approved. So, many investors want to buy them either before their prices go up or before they have to content with unapproved plots,” said the vice-president of Hanu Reddy Realtors, Coimbatore, R Hariprakash.
“This situation has led to an increase in demand for DTCP approved plots,” said V P Dhanapal of Dhana Real Estate. However, registration officials say that there was no marked increase in registration of land in the recent past.

Source: Times of India