Latest Real Estate News on 'Hyderabad'


Properties near metro stations can be turned commercial soon

Comments Off on Properties near metro stations can be turned commercial soon   |  January 1, 2014

HYDERABAD: Land owners having properties within 300 metres of the proposed Hyderabad metro rail stations would soon be able to utilize their properties as per the new guidelines on Transit Oriented Development (TOD) prepared by the Hyderabad Metropolitan Development Authority (HMDA).

Under the new rules, owners can use their property for developing malls, office spaces, hotels, restaurants, service apartments, hospitals, health clubs, high street retail business, entertainment zones or hostels, apart from residential purpose. Officials said 19 locations have been identified for such development – Miyapur, Kukatpally, Balanagar, Moosapet, Bharatnagar, Ameerpet, Punjagutta, Erramanzil, Khairatabad, Nampally, Nagole/Uppal, Tarnaka, Mettuguda, Parade Grounds, Rasoolpura, Hitec City, Raidurg, LB Nagar and Moosarambagh.

The guidelines have been prepared by the urban development authorities with the help of M/s Jones Lang Lasalle Property Consultants (India). Interestingly, the HMDA itself has asked the consultant to prepare a model development project for commercial exploitation of their land at Balanagar and surrounding areas.

Sources said the locations have been finalized based on parameters like densification, scope for redevelopment, pedestrian facility, parking space, access to transit stations and multi-modal transportation. “The aim of TOD is mainly to make use of public transportation and discourage personal vehicles. The areas would have wider and uniform footpath and the buildings should have minimum six metres frontage. Parking space is very limited and more parking fee would be charged to discourage personal vehicles. The areas are well connected to different modes of travel like bus, metro rail and MMTS stations,” an HMDA official said. The Delhi Development Authority (DDA) had already prepared TOD near the metro stations. Similarly, New Raipur also came up with similar rules recently.

Interestingly, Hyderabad metro rail project developer Larsen and Toubro was permitted by the municipal administration and urban development (MA&UD) department to go for commercial exploitation of the government land around the metro rail station. As per the agreement, the developer can exploit the space up to 18.5 million square feet (sft). While 12.5 million sqft at metro rail terminal locations like Miyapur, Falaknuma and Nagole can be exploited, six million sqft could be utilised near 66 metro rail stations. HMR had agreed to transfer 269 acres land to the metro rail developer for executing the project. Of the total land, 57 acres of both government and private land was handed over at 66 metro stations while the balance are for construction of metro rail depots, stations, passenger facilities as well as commercial purposes.

Officials said once the guidelines are approved, development control regulations would be prepared by the authority on the permissible height and minimum Floor Space Index (FSI) in the 300 metre area. When contacted, HMDA metropolitan commissioner Neerabh Kumar Prasad said the guidelines have been sent to the state government for clearance. He added that the government is likely issue a GO very soon.

http://timesofindia.indiatimes.com/city/hyderabad/Properties-near-metro-stations-can-be-turned-commercial-soon/articleshow/28156814.cms



Property owners cry foul over the misuse of Land Acquisition Act

Comments Off on Property owners cry foul over the misuse of Land Acquisition Act   |  December 24, 2013

HYDERABAD: Property owners whose land was taken over for various purposes in the city, are crying foul over misuse of powers by officials and intentionally dragging them to courts. They also allege harassment by the authorities against those who had approached courts seeking more compensation under the existing Land Acquisition act.

The owners have started demanding their cases be considered under the new Land Acquisition Rehabilitation and Resettlement Act, 2013, which will come into effect from January 1, 2013.

Consider this, the Hyderabad district administration had acquired an eight acre prime land near ESI hospital at Sanatnagar in 2000 and till date the land owner had not received full compensation amount. He has been fighting against the meager compensation in the court. The owner approached court as the Land Acquisition Officer offered only Rs one lakh per acre as compensation considering the land as agricultural land (change of land use was not done) while the land value was Rs 20,000 per square yard in 2000 in that area. The sad part of the story was no government agency had given requisition for land acquisition.

When a land owner feels the compensation was not sufficient and injustice was been done, he/she could take the amount “under protest” and approach court under section 18 of the LA Act. “It is a herculean task for property owners to collect details of prevailing market value in the area and sale deeds registered in that area. It is also a problem to bring the witness to court, who got higher value in the same area,” I Nalinikanth, a property owner, said.

Under the new Act, preliminary notification for land acquisition should be issued by the authority by giving details like nature of public purpose involved and reasons necessitating the displacement of affected persons and summary of social impact assessment study report. The government agencies have to take over only minimum area of land required for the project.

Similarly, property owners claim the land acquisition wing authorities had been depositing compensation amount in court under section 30 of the present Act where there were more claimants for compensation or title dispute and not submitting documents.

“The Hyderabad Metro Rail and Greater Hyderabad Municipal Corporation (GHMC) have been denying compensation on flimsy grounds like non-submission of certain documents and depositing the amount in courts under section 30. This has been happening in some cases especially where owners refused to give consent to the town planning wing for taking over land for road widening and metro rail project purposes,” N Vikram Reddy, a resident of Kukatpally, said.

The GHMC acquires land by invoking compulsory acquisition and urgency clause in the Act. Under the new Act, compulsory acquisition provisions should be used for public purpose or public private partnership projects where the public purpose is involved and not for private sector companies for private purposes or commercial purposes.

Meanwhile, the GHMC and HMR have speeded up notifying properties and awarding compensation under the existing Act as the new law comes into force from January 1. Sources said both agencies were expected to notify or clear acquisition of 500 properties in the next few days.

Once the new law comes into force, the GHMC and other agencies have to cough up more compensation and solatium, but also follow several procedures to complete land acquisition process, the sources said.

http://timesofindia.indiatimes.com/city/hyderabad/Property-owners-cry-foul-over-the-misuse-of-Land-Acquisition-Act/articleshow/27760013.cms



GHMC, Water Board officials inspect Musi river

Comments Off on GHMC, Water Board officials inspect Musi river   |  December 4, 2013

HYDERABAD: Senior officials of GHMC and Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) on Thursday inspected the Musi river and the nalas flowing into it from Attapur and Moosarambagh on the directions of the high court. GHMC and HMDA were asked to submit a report to the court about the points of sewage entry into the Musi by November 30. Senior officials including GHMC commissioner Somesh Kumar and HMWSSB MD Syamala Rao were present during the inspection.

The officials inspected removal of encroachments along the river besides the sewage interception and treatment. HMWS&SB has taken up half of the proposed interception treatment works and funds for the remaining work are awaited from National River Conservation Board.

The GHMC commissioner also directed officials of the bio-diversity wing to beautify the entire stretch along the river.

http://timesofindia.indiatimes.com/city/hyderabad/GHMC-Water-Board-officials-inspect-Musi-river/articleshow/26542663.cms



Development authority dumps toxic Hussainsagar wastes in crowded area

Comments Off on Development authority dumps toxic Hussainsagar wastes in crowded area   |  November 25, 2013

HYDERABAD: Ignoring serious environmental concerns by agencies, the Hyderabad Metropolitan Development Authority (HMDA) is dumping tons of pollutants dredged from Hussainsagar in an abandoned stone quarry near thickly-populated Bachupally area.

The HMDA had zeroed in on the five-acre site for dumping the waste, but the AP Pollution Control Board flatly refused to give its nod without a scientific study to determine the repercussions of dumping waste on groundwater.

With no alternative government plan in place, the HMDA commissioned a city-based national research institute to conduct a feasibility study. The agency conducted tests in June-July this year and found it suitable for dumping non-toxic sediments in a preliminary study, but strongly recommended a comprehensive assessment after monsoon as ground water conditions change significantly post-monsoon in Hyderabad.

As part of the study, the agency wanted to carry out another round of tests on infiltration, ground water contamination and electrical resistivity tomography studies, among others after monsoon.

“It was only a preliminary report, and it needs to be followed up by another study after the monsoons owing to changes in the ground water,” said an official, privy to the report.

Recommendations were also made to drill five observation wells that would facilitate constant monitoring of the ground water, which were totally ignored by HMDA.

The wells would have captured seasonal changes in the sediment-ground water interaction, particularly during rains, officials said.

But HMDA, already under fire for its slackness on dredging waste from the iconic lake, submitted the preliminary assessment report, and got a nod from the PCB in September. For close to a month, thousands of cubic metres of waste are currently being dumped at the stone quarry.

The three main nalas feeding into Hussainsagar selected for dredging include Balkapur, Kukatpally and Picket. While the sediments from Picket and Balkapur nalas have been classified as non-toxic, the sediments from the Kukatpally nala were found to be highly toxic.

Environmentalists say that the dredging cannot prove beneficial unless flow of wastes into the nalas ceases.

“Polluting industries have not been reined in. As a result, sewage and effluents find their way into the nalas, notwithstanding the measures taken to divert and treat the water,” said OM Debara of HMDA’s Tree Protection Committee. The committee had turned down HMDA’s request to chop trees near People’s Plaza for using it as temporary dumping site.

When inquired about the whole controversy, HMDA member environment RP Khajuria said that the dumping was taken up after approval from the state pollution control board.

“The sediments from dredging were tested and were found to be similar to soil without any contaminating effects. The agency carried out the tests and it was a one-time study. We are therefore not conducting any further tests,” he said.

http://timesofindia.indiatimes.com/city/hyderabad/Development-authority-dumps-toxic-Hussainsagar-wastes-in-crowded-area/articleshow/26124012.cms



‘Evict encroachers from wakf land’

Comments Off on ‘Evict encroachers from wakf land’   |  November 17, 2013

HYDERABAD: The AP State Minority Commission has decided to ask the CEO of the AP State Wakf Board to file petitions in the State Wakf Tribunal seeking its direction to have illegal occupiers evicted from the wakf lands in Aloor and Malkajgiri.

“We have received two different petitions from people connected with the wakf land belonging to Maqdoom Biyabai Dargah in Aloor and a shrine in Malkajgiri and other villages. On preliminary inquiry we found that the land belongs to the dargahs there. The respective tahsildars have submitted records before the commission that clearly say that the land is in illegal occupation. Unless it is retrieved and handed over to the representatives of the dargahs, nothing can be done with that property whose value runs in hundreds of crore,” APSMC chairman Abid Rasool Khan said.

According to the petition filed by Mohammed Faizullah, Mutawalli of Dargah Maqdoom Biyabani, nearly 1300 acres of land that belongs to the dargah have been encroached and sold away illegally. The dargah is located in Aloor village of Chevella mandal of Ranga Reddy district. “This is the same land where the government of late Y S Rajasekhara Reddy wanted to develop an electronic park. The then government had given authority to APIIC to negotiate with the mutawalli (caretaker) as well as the wakf officials to get them to agree to its proposal. But at that time no one agreed to the proposal,” sources said.

They also said that some of the occupiers are willing to part with their possession provided they are compensated. The market rate of the land is about Rs 16 lakh per acre, the sources informed. Alternatively, the direction of the Wakf Tribunal and the help of the government can be sought to have the encroachers evicted from the property, they said.

Similar situation prevails in Malkajgiri (384 acres), Attapur (660 acres) and other villages where wakf land is located. “The case here is more complicated. Nevertheless, according to the amended Wakf Act the tribunal can direct eviction after listening to the parties involved in the dispute. The CEO of the Wakf Board will be asked to take the necessary course of action in this regard,” Khan said.

http://timesofindia.indiatimes.com/city/hyderabad/Evict-encroachers-from-wakf-land/articleshow/25779409.cms



CM asks HMDA to speed up ongoing projects

Comments Off on CM asks HMDA to speed up ongoing projects   |  November 15, 2013

HYDERABAD: Chief minister N Kiran Kumar Reddy has directed the Hyderabad Metropolitan Development Authority (HMDA) to speed up ongoing projects like radial roads, new projects like Hyderabad Habitat Centre, Science City and initiatives like land pooling schemes and Educational Hub apart from lake protection works with specific time-frame.

The chief minister, who is also chairman of HMDA board, chaired the 5th meeting of the authority at the Secretariat on Tuesday. The board also cleared preparation of master plan for the Secunderabad Cantonment area. While the HMDA covers 7,257 square kilometres, the Secunderabad Cantonment is spread over 42 sq kms. As of now, there is no master plan for the Cantonment area. The Secunderabad Cantonment Board (SCB), which administers the Cantonment area, had earlier requested the authority to prepare a master plan for the Cantonment area.

The meeting also ratified the Metropolitan Development Plan-2031 for Hyderabad Metropolitan Region (HMR), notified by the state government. Of the total HMDA area of 7257 sq kms, the plan covers 5,985 sq kms in 35 mandals of four districts. The projected population of HMDA is 1.84 crore for 2031.

The board also approved the Land Pooling Scheme (LPS) initiated by the authority. LPS is being taken up by the HMDA under pilot project at two places Edulanagulapally-Kollur and Pratapsingaram-Gowrelli. The chief minister gave the green signal for the Intelligent Transportation System (ITS) master plan for HMR, Hyderabad Habitat Centre that would be taken up in an extent of 11 acres land at Khanamet. A detailed project report would be prepared for the centre. Another major project, Science City, being taken up at a cost of Rs 160 crore, and Eco Park at Kotwalguda and Education Hub at Jawaharangar were also cleared by the HMDA board.

HMDA officials informed that the authority intends to re-introduce green channel concept, where owners, builders and developers would have the option to obtain approval of building permissions in a speedy manner within seven working days. The concept would be introduced in a phased manner making it applicable initially to layout approvals. The authority also agreed for restoration and conservation of nine clock towers in notified heritage buildings. The initiative has been taken by FI(Federation of Indian Chambers of Commerce and Industry) with the help of HMDA for the conservation and restoration works.

http://timesofindia.indiatimes.com/city/hyderabad/CM-asks-HMDA-to-speed-up-ongoing-projects/articleshow/25665148.cms



Realtors evading cess to face music

Comments Off on Realtors evading cess to face music   |  September 30, 2013

VIJAYAWADA: The labour department has decided invoke revenue recovery Act to attach assets of the realtors if they fail to pay labour cess under the Building and Other Construction Workers Welfare (BOCW) Act.

Government has finally decided to crack the whip as builders and contractors have been ignoring the notices issued by the local joint commissioners of labour. Provisions of the revenue recovery Act will be implemented through local bodies, which grant building plans to realtors by keeping assets mortgaged.

According to sources, realtors and infrastructure companies in the state owe nearly Rs 2000 crore as labour cess. Following a directive from the state government, joint commissioners of labour will write to the authorities of local bodies such as municipal commissioners and vice-chairpersons of urban development authorities asking them not to free properties from mortgage of the errant realtors until they paid labour cess.

Sources said the government decided to tighten the noose around the realtors at the level of local bodies as they could not sell until the authorities freed their mortgaged properties. The realtors who secure plans for their apartments and buildings would be mandated to mortgage about 10 per cent of the total property for verification of violations in plan granted by the concerned authorities.

Usually, the authorities, who grant building permissions, do not go for verification after the completion of construction. The builders thus get their mortgaged properties released. However, it would now become difficult for the authorities of the local bodies to free the mortgaged properties unless realtors get a ‘No Objection Certificate’ (NOC) from the labour department.”We have suggested that the VC and MD of Vijayawada-Guntur-Tenali-Mangalagiri urban development authority not to release the assets of at least four big realtors, who owe nearly Rs 4 crore towards labour cess,” joint commissioner of labour K Yella Rao told TOI. Realtors in each district have dues to an extent of Rs 20 to 60 crore. While there are dues to the tune of nearly Rs 50 crore in Krishna district, it is nearly Rs 70 crore in Guntur district. Sources said over Rs 200 crore are due from Hyderabad, Rangareddy, and Visakhapatnam districts each.

Sources said the government took a tough stance in view of general elections as collection of dues will help in filling up of of empty coffers of the state to some extent.

http://timesofindia.indiatimes.com/city/hyderabad/Realtors-evading-cess-to-face-music/articleshow/22878275.cms



Previous Real Estate News     Next Real Estate News

Did'nt find what you are looking for? Try this…..