Tag Archives: andhra pradesh news

Andhra Pradesh promises single-window clearance

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, hyderabad real estate news, hyderabad news, andhra pradesh news, Track2Media, Track2Realty, Track2InfraTrack2Realty: Andhra Pradesh may become the first state to grant much-demanded single window clearance to realty projects. Andhra Pradesh Chief Minister N. Kiran Kumar Reddy has said his government will further simplify procedures and extend incentives to the real state sector if they ensure self-regulation and pass on benefits to consumers.

“We will empower you and simplify procedures so that there is no delay in securing clearances. Even the single-window clearance may not be necessary if the developers ensure that they stick to regulatory norms,” he said.

Speaking at the Confederation of Real Estate Developers’ Associations of India (CREDAI) property show in Hyderabad on Friday, Nov 3, the Chief Minister said even before an application for clearance has received the nod from the government, builders could go ahead with their architectural and other works. And, possibly, even construct, provided they adhere to norms.

However, for those taking any advantage of such flexibility, severe penal action would be initiated, he said.

The government is also further simplifying norms and offering sops to buildings that set up solar installations, water harvesting units and sewerage treatment facilities for recycling. They may be extended the benefit of lower taxation, he said.

There is a focus on ensuring clear titles by clearing dual and multiple registrations through land documents. Through the Mee Seva it will be possible to ensure total transparency of title deeds, he said.

Earlier, the President of CREDAI, AP Chapter, C. Sekhar Reddy, said CREDAI is seeking to bring about transparency in the system, making its members accountable. The idea is to ensure customers do not have grievances. Their issues will be resolved amicably.

More than 150 developers from across the State and from other parts of the country have converged here for the four-day property show.

Hyderabad realtor held for cheating

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, hyderabad real estate news, hyderabad news, andhra pradesh newsThe Central Crime Station (CCS) police of Hyderabad on Thursday, May 10, arrested the Managing Director of a real estate company for duping his customers of Rs 3 crore by promising housing plots to them. Many incriminating documents also seized from him.

Police said, the accused, Kovvuru Srinivasula Reddy, had established a real estate company, Sree Virat Marketing Ltd, at Erramanzil Colony. The accused started a herbal product business in the city in 2005. As the business went into loss, he ventured into real estate and set up Sree Virat Marketing firm. His company websites– www.virat.biz and www.sreevirat.com– offered three schemes.

As per the schemes, if a customer enrolled himself by paying Rs 1 lakh, the company would register a Simple Mortgaged Deed for 200 square yard land at Yadagirigutta of Nalgonda district with surety and the customers would pay Rs 16,800 per month for 12 months, Rs 11,111 for 18 months, and Rs 12,750 for 24 months. The accused collected a huge amount this way, but never provided an inch of plot to anyone.

Real estate sales fall to 31 month low in November

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, hyderabad real estate news, hyderabad news, andhra pradesh newsPrabhudas Lilladher (PL) India has come out with report on Real estate`s sector. According to the report sales registrations for the month of November 2011 are down 20% YoY to 4,060 levels. On a MoM basis, registrations declined by 12%. Sales registrations have continued to languish at 4,000-4,500 levels for the last few months amid a challenging macro environment. November registrations are the lowest once again and this time in 31 months.

In terms of monetary policy, RBI has indicated that a reversal in policy is on the cards as soon as the expected drop in inflation materializes over the next few months. Although resumption of easing would be a definite positive for the sector, benefits would come with a lag.

In the meantime, if the current status quo on pricing is maintained, things could get worse for the sector before getting better. Thus, we believe action on the pricing front by developers is what is needed to revive the sector`s fledgling fortunes.

In terms of lease transactions, November numbers stood at 8,580, a growth of 58% YoY on a low base of last year. On a MoM basis, leases were up by 6%.

CREDAI suggests to fine tune proposed master plan of Hyderabad

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, hyderabad real estate news, hyderabad news, andhra pradesh newsThe Confederation of Real Estate Developers’ Association of India (CREDAI), Hyderabad has given a number of suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the Greater Hyderabad Municipal Corporation (GHMC) fine-tune the proposed master plan.

CREDAI, the apex body of realtors, has suggested that integrated townships be developed to decongest the city, as the urban infrastructure would be under tremendous pressure as the population goes up.

The GHMC master plan seeks to address all aspects of development, overall planning, transportation, various other urban amenities required for the growing city, factoring an area of 7,000 square km and a population of 1.8 million by 2031. The draft plan, released for public debate, seeks to ensure all-round development of one of the fastest growing metropolises in the country.

The Hyderabad Municipal Development Authority (HMDA) has earlier, during the week, announced the extension of the deadline for submission of suggestions and complaints by two more months, up to October 21, to evolve the final master plan.

CREDAI, in association with the Institute of Town Planners of India (ITPI), Andhra Pradesh Chapter, formed separate groups, and have come up with a series of suggestions to be incorporated in the final master plan. This follows workshops on the Draft Metropolitan Development Plan, with more than 400 persons from varied backgrounds taking part.

Mr C. Shekar Reddy, President CREDAI-AP, suggested that the Draft Plan needs to include the important dimension of investment planning. Infrastructure Development Plan and economic factors need to be integrated along with environmental issues.

Mr G. Yoganand, President, CREDAI Hyderabad, felt that the role of infrastructure planning was critical for overall development, and the master plan needs to address various urban issues related to growth, migration and infrastructure development.

During a recent meeting, Mr. B. R. Meena, Vice-Chairman and Managing Director of Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC), said that the master plan encompasses a large area of approximately 7,000 square km. The focus of the APIIC is to create necessary land required for industrial use, and also, possibly, relocate some of the polluting industries.

CREDAI’S SUGGESTIONS
In its suggestions, the CREDAI, which formed subject-wise teams, suggested that the Government provide land from its land bank to the developer for taking up new projects. It also favoured an automatic route for approval of building plans to expedite projects.
To curb unauthorised constructions and developments (layouts), it was suggested to make the registration department and departments such as water works, electricity, and financial institutions responsible for enforcement. It felt that the enforcement department in local bodies should be separate and also centralised for effective functioning.

Applicants should demarcate setbacks and areas affected under road development before the grant of permission. It mentioned that HMDA should immediately undertake preparation of the Metropolitan Investment Plan, along with finalised Metropolitan Development Plan, as required under the HMDA Act, so as to address the issue of master plan implementation, phasing and programming.

There should be a provision for incentives, by way of exemption of fee and charges for green buildings.

According to CREDAI, it is preferable to have a perspective plan for 40 years, for infrastructure planning, and development plan and statutory land use plan for 5 years. All government lands should be distributed equitably and only for public use. Land use has to be mentioned in the registration document, so that its misuse is avoided.

In this decade, focussing on bio-diversity, CREDAI felt that there is a need to develop model eco-colonies as proposed in the master plan. Environmentally-sensitive lands such as agricultural lands, water bodies, catchments should be demarcated and protected. Urban forestry has special mention, while relocation of polluting industries needs to be considered.

The basic assumptions taken in the master plan, regarding population figures, growth rate, economic factors need to be reviewed again, taking into account 2011 census figures, as this is based on earlier data. There should be a single-window approval for all the projects within HMDA area, it felt.

Surrounding towns such as Sangareddy, Shadnagar, Bhuvanagiri should be developed as Industrial and employment nodes, so that they develop into Tier-II towns in and around the HMDA area. This would relieve pressure on Hyderabad core city, while favouring regional planning as a part of perspective plan.