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IOD in Real Estate | IOD Meaning

The Mumbai Municipal Corporation (MMC) Act 1888 has been cited as the source of the disapproval notification. When tearing down or rebuilding a building, the municipal corporation must provide the IOD, or indication of disapproval, which is a fundamental authorization. Once the developer receives an Intimation of Disapproval (IOD) from the local authorities, they are required to give the current tenants of the property a reasonable notice period of 45 to 60 days.

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IOD in Real Estate | IOD Meaning

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  1. Real Estate IOD in Real Estate

  2. About IOD The Mumbai Municipal Corporation (MMC) Act 1888 has been cited as the source of the disapproval notification. When tearing down or rebuilding a building, the municipal corporation must provide the IOD, or indication of disapproval, which is a fundamental authorization. Once the developer receives an Intimation of Disapproval (IOD) from the local authorities, they are required to give the current tenants of the property a reasonable notice period of 45 to 60 days.

  3. More about IOD in Real Estate A redevelopment plan must be submitted by the developer, and the notification of disapproval must then adhere to and clear a specific set of terms and conditions. It specifies "Indication of Disapproval" in particular for making sure that necessary procedures are completed before building redevelopment, such as environment clearance, fire NOC, airport zone permissions, etc. Before redevelopment can begin, all of the NOCs are necessary because getting clearance from multiple departments involves a complex process.

  4. Contact Us Phone : +91 87501 08087, +91 87501 08088 Email : contact@indiapropertydekho.com Website : https://www.indiapropertydekho.com/ Address : AMBY BUSINESS PARK LLP JMD MEGAPOLIS, Sohna Road, Gurugram, Haryana

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