In a relief to plot owners who purchased plots in unapproved layouts in Andhra Pradesh, the AP government has relaxed Layout Regularisation Scheme (LRS) norms.
As per revised LRS norms, individual plot owners can apply for LRS on their own without waiting for the layout developer or realtor to apply for LRS for entire layout.
As layout developers or realtors are delaying to apply for LRS for entire layout, the individual plot owners are facing several problems as they are not getting government permission to construct houses and not getting home loans from banks.
The AP government has now permitted individual plot owners to apply for LRS, get approval and construct houses, obtain loans from banks.
The government has extended the deadline for LRS applications till December 31, 2020.
The government has so far received 26,846 applications for LRS from layout developers/ realtors.
However, the government will not exempt entire layout from LRS scheme.
The layout developers/ realtors have to get their illegal layouts approved under LRS scheme for entire layout even after individual plot owners secure approval under LRS.