What does BRS and LRS mean in Indian Real estate ?
Priya , 21 Feb 2018
1 Answers
BRS - Building Regularization Scheme LRS- Layout Regularization Scheme Both represent a scheme to regularize any illegal land or building which should have been registered before 31.08.2015.
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Ellen 19 Apr 2020
BRS- stands for building regularization Scheme and LRS stands for layout regularization Scheme. It includes all those plans or buildings which are not approved or may have made changes in the already approved plans from the development authorities. It is illegal in the constitution and is considered as a crime. This kind of activity is mostly done in underdeveloped or developing countries, unlike developed countries, for example, check this sold property prices in London. Is it only applicable for the new municipality?
Ellen 19 Apr 2020
BRS- stands for building regularization Scheme and LRS stands for layout regularization Scheme. It includes all those plans or buildings which are not approved or may have made changes in the already approved plans from the development authorities. It is illegal in the constitution and is considered as a crime. This kind of acts are mostly done in under developed or developing countries, unlike developed countries for example, check this sold property prices in London. Is it only applicable for new municipality?