Socorro Twin Villas Timeline

Project timeline

From signing to the second sale in about 26 months, starting from a plot that is ready to build on.

Agreements

Month 0–1JDA, power of attorney, the advance, and the architect appointed.

Approvals

Month 1–6TCP technical clearance (including the 20 % relaxation), the panchayat licence and the bank sanction.

Building

Month 6–22Structure, finishes, pools and landscaping, about 16–18 months.

Selling

Month 20–26Marketing from structure-complete; registration after the occupancy certificate, so no GST.

The timeline

Two separate buyers means two separate exits. The first sale repays the loans and most of the investor's capital.

Pool garden

Already in place

SanadIn place for the plot, so the building approvals can start straight away.
Clear titleA clean 500 m² plot, ready to build on.
Design within the rules7.6 m to the eaves against a 9 m limit, 3 m setbacks, and 2 parking spaces per villa in its own court.
No RERA registration neededA 500 m² plot with two villas is within the RERA Act's exemption (Section 3(2)(a)), so there is no registration step before work starts.
Precedent next doorThe neighbouring plot has been granted the same 20 % FAR relaxation.
Bank financeA ₹0.90 Cr–₹1.00 Cr construction loan expected, which cuts the investor's cash.
Two separate buyersEach villa has its own gate, court, pool and title, so the two sales are two independent exits.

Stage by stage

StageMonthsWhat happensWho
Agreement0–1Joint development agreement and power of attorney registered; the advance paid; the architect appointedOwner, investor, lawyer
Design and approvals1–6Final drawings, TCP technical clearance (with the 20 % relaxation), the village panchayat construction licence, the bank's sanctionArchitect, owner
Foundations and plinth6–8Setting out, excavation, footings, laterite plinthContractor
Structure8–13RCC frame and slabs for the ground, first and attic floors, the stair and lift shaftContractor, structural engineer
Roof and envelope13–1545° roofs and Mangalore tiles, walls, window frames and glazingContractor
Services and finishes14–19Electrical, plumbing, lift, flooring, plaster and paint, kitchens and bathsContractor, specialists
Pools and landscaping18–21Pools, decks, courts, gates, hedges and plantingPool and landscape contractors
Completion21–22Snagging, utility connections, occupancy certificateArchitect, owner
SalesFrom structure-complete to 26Marketing starts once the structure is up; each villa is registered to its buyer after the occupancy certificate, so no GST appliesOwner, broker

Months from signing. Construction runs about 16–18 months; the two villas are built together.

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