Uppal land losers to get developed plots soon
Dec 09, 2013
Source : The Times of India

 

HYDERABAD: Nearly six years after their land was acquired, affected property owners of Uppal Bhagat will get developed plots soon. The Hyderabad Metropolitan Development Authority (HMDA) has decided to allot plots on lottery basis in a couple of weeks.

Though the municipal administration and urban development (MA&UD) department had issued a GO on the package for affected property owners in January, 2011, the allotment got delayed as the authority was in a dilemma over distribution of developed plots to land losers.

The authority had acquired 733 acres from farmers of Uppal Bhagat for the Musi beautification project and metro rail project. While 104 acres have been allotted to Hyderabad metro rail, 150 acres were given to Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) for constructing of sewage treatment plant (STP). Both the departments had agreed to pay Rs 25 lakh per acre for development of layout for the land allotted to the victims.

So far, 624 land owners have given consent and entered into an agreement with the HMDA to take developed plots. Some owners have not been listed for land compensation as there were issues like multiple claims over land or no claimants.

As per the agreement, the land losers would get 1,000 square yard developed plot for every acre of land that was acquired. The plots in the 413-acre layout have been divided into 150, 200, 300,500 and 1,000 sq yards for allotment to the land owners. However, the problem is some farmers had lost less than an acre like a few guntas. As a result, some are eligible for different sizes like 325, 615 square yards, which cannot be allotted in sizes of plots that were developed.

Then, the authority floated an option to the property owners either to buy additional land or sell it to the other plot owners adjacent to them. For instance, a land owner is eligible for 625 sq yards, he has to either sell or buy 25 sq yards as per the government market value.

Many property owners were willing to buy additional land due to the developed plot's proximity to metro rail depot at Nagole. The HMDA wants to sort some issues during finalization of allotment.

Meanwhile, plot owners have come up with fresh demands like making developed plot area as multiple land use zone, setback relaxation for construction of buildings and also property tax waiver for certain period.

"HMDA will allot plots as per the GO issued by the MA&UD department. Exemption and other reliefs are under the purview of GHMC since the area falls under the municipal corporation. The property owners' demands will be forwarded to the corporation," HMDA land acquisition officer S Sangeetha Sathyanarayana told TOI.

 

 

 

 

Latest Realty News

Housing board plans houses on hire purchase
Dec 09, 2013
HYDERABAD: After nearly two decades, the Andhra Pradesh Housing Board (APHB) has decided to take up special housing scheme for the benefit of low income groups. The new housing schemes are being taken up at Kukatpally, Chandanagar, Nizampet, Bandlaguda and Red Hills in the city apart from other locations in the state.
Neighbours' pride, Greater Hyderabad Municipal Corporation's joy
Dec 09, 2013
HYDERABAD: In a bid to curb unauthorized constructions, the Greater Hyderabad Municipal Corporation (GHMC) has decided to provide copies of sanctioned building plans to neighbours of building applicants.
28 property owners get notices
Dec 09, 2013
HYDERABAD: The cantonment authorities have served notices on 28 property owners in Langar Hauz after revenue officials discovered that their properties stand on defence land.
PE investments in realty up 26% this year
Dec 06, 2013
HYDERABAD: The value of private equity (PE) transactions in the country’s real estate sector during the first nine months of 2013 was up 26 per cent at Rs 4,716 crore, indicating that funds continue to see India as a an investment destination despite a slowdown in the local market.
Villas on Hyderabad ORR attract home buyers
Dec 03, 2013
HYDERABAD: The 159 Kms long stretch of the Outer Ring Road (ORR) is a road-cumarea development project. The ORR connects Patancheru-Shamshabad-Hayathnagar-Medchal Patancheru, and also provides the connectivity to various State Highways and National Highways.
Are you paying more for your flat maintenance?
Dec 03, 2013
HYDERABAD: The rising prices and shrinking options are now quietly getting accepted by people, as they seem to give up now. The hole in the pocket is growing bigger and bigger everyday. No matter how much you earn, the impact is felt by everyone.
Elevate brings marquee brands under one roof
Dec 03, 2013
HYDERABAD: That luxury comes at a price is amply demonstrated at Elevate, a one-stop designer hub for furniture and kitchens.
Credai to hold conclave in Delhi from Dec 13
Dec 02, 2013
Against the backdrop of its continuous efforts to influence the government to take up several reform measures and policy changes, real estate body, the Confederation of Real Estate Developers’ Association of India (Credai), is holding a two-day national conference with a theme ‘Housing the game changer – Leading to double-digit GDP growth’ in New Delhi from December 13, 2013.
Those magnificent roads of Hyderabad: ORR
Dec 02, 2013
HYDERABAD: The ORR is not just a piece of infrastructure. It was a planned growth corridor, inspired by many similar development ideas in the West. The regulations around ORR were to be such that it brought in the right kind of players to unlock the land value. This was to encourage transit-oriented development.
Luxury comes for a price; Elevate brings together marquee brands under one roof
Dec 02, 2013
HYDERABAD: That luxury comes at a price is amply demonstrated at Elevate, a one-stop designer hub for furniture and kitchens.

Latest Realty News Of State

Realty Talk's