Q: I am Planning to purchase Apt in SJR watermark. It seems that there is no Lake Development Approval for this project. Since this project is in close vicinity to lake, is it essential to have LDA?
The project is ready and hand over is in process. The project offers 500 units with a combination of 2 and 3 bhk apartments. The size ranges from 1105 sqft to 1730 sqft. The price of the apartment falls in the bracket of Rs 68 lakhs to Rs 1 crores approximately.
Lake Development Authority is responsible for restoration, protection, conservation and development of lakes around BMRDA regions. Any development which might effect the eco system around this area will be governed by LDA and will need to get approval from LDA.