‘Cantonment Board of Ramgarh norms have stalled Ramgarh’s growth’
Aug 19, 2012
Source : The Times of India


RAMGARH: The coal and garrison town of Ramgarh has failed to attract realtors despite its proximity to the state capital Ranchi. Even though the town has potential for real estate businesses, most have ignored Ramgarh due to Cantonment Board restrictions on construction of multi-storey buildings. 
The provisions of building by-laws of the Cantonment Board, which is a local civic body under the administrative control of the defence estate department of the ministry of defence, restricts construction of multi-storey buildings on Cantonment Board of Ramgarh (CBR) land. 
This restriction is specific to Ramgarh and not imposed in neighbouring districts like Jamshedpur, Bokaro or Dhanbad. 
CBR chief executive officer (CEO) Om Prakash Singh said construction plans with more than two-story buildings were not being approved by the Borad, but a proposal to increase the height of buildings both residential and commercial is under consideration of the defence estate department's central command office in Lucknow. "There are some restrictions on buildings in CBR command areas as the height of building has been fixed and no multi-story building are allowed," Singh said. 
Ramgarh is one of the largest of the 62 garrison towns in India, said a CBR official on Saturday, adding that the local civic bodies in garrison towns were under administrative control of ministry of defence. 
Binod Nemani, President RIADA Industries Association, Ramgarh, said that the town had real potential for real estate business because of its location in the coal belt and the industrial hub, but no realtor has come up with any residential and commercial building plan due to the restrictions. 
"Cost of land in Ramgarh is more or less the same as that of big cities of the state, including Ranchi, Jamshedpur and Dhanbad," Nemani said. 
He added that the government should ensure that the development of Ramgarh should not suffer due to these restrictions. 
Raju Chaturvedi, president of Ramgarh Chamber of Commerce and Industries (RCCI), said that the organization has submitted a number of memorandums to the CBR demanding lifting of restrictions. "The Government of India in the early 50s had issued a notification for land acquisition in Ramgarh town for instant use of military station, but that land is still unused due to it being in a notified area sale," Chaturvedi said. 

Latest Realty News

Bus bays may start operating soon
Aug 19, 2012
BHUBANESWAR: Traffic problems created by city buses stopping in the middle of the road might end soon. As many as 21 bus bays are set to start functioning from September 1. "We will start using these halts from September 1 as the government is set to announce their readiness by August 31. From then on, we will not allow buses to halt at places other than these designated ones," said Nishikant Mis
Bengal realty lists growth hurdles
Aug 19, 2012
Calcutta, Aug. 18: Supply-side issues are creating problems for real estate developers in Bengal who are anticipating a flat rate of growth for the sector this year. “There has been an 18-20 per cent compounded annual growth in the last few years in the real estate sector in Bengal. This year we are hoping that we can maintain that kind of growth,” Harsh Vardhan Patodia, president of the Benga
PC pushes for affordable bank loans
Aug 19, 2012
New Delhi, Aug. 18: In a bid to boost the economy, finance minister P. Chidambaram today asked banks to cut interest rates and reduce EMI for durables as part of a strategy to push consumption-driven growth. “Consumers must be encouraged to buy more durables. I think the point has been well taken by the banks,” Chidambaram said after a review meeting with chairmen of public sector banks. “T
BMC area increase on hold
Aug 19, 2012
Bhubaneswar, Aug. 18: The Bhubaneswar Municipal Corporation (BMC) has decided to defer the move to bring 21 gram panchayats and two revenue villages under the civic body’s fold in the wake of mounting opposition. On July 30, the BMC council had proposed to bring the new areas within its jurisdiction. “The council only passed a resolution in the form of a proposal. We have decided to defer the
Complaint filed against public servants for irregularities in land allotment in Goa
Aug 18, 2012
Panaji : A criminal complaint was filed today against some public servants and private persons for cheating the state exchequer while allotting land to seven companies to set up Special Economic Zones in Goa. Mandar Shirodkar, deputy general manager of state-owned Goa Industrial Development Corporation(GIDC), filed the complaint with the Anti-Corruption Bureau of Vigilance Department against
Live at your own risk
Aug 18, 2012
BHUBANESWAR: B P Tripathy and his wife, a couple of senior citizens residing in BDA Colony, Chandrasekharpur, had a miraculous escape after the ceiling fan of their drawing room fell on them recently. This was, however, not a one off incident. Complaints of falling plasters and bricks, water dripping and seepage are common complaints for the residents of the colony, which was constructed during 1
Unitech sales booking in Q1 drops 31%
Aug 17, 2012
New Delhi: Real estate major Unitech Ltd sold properties worth Rs 701 crore during the first quarter of this fiscal, down by 31 per cent as compared to the year-ago period. The company had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal. According to operational update posted on the company's website, Unitech sold 1.51 million sq ft of area in the fir
Credai sets up realty institute, offers scholarships at Ahmedabad
Aug 17, 2012
MUMBAI: Aiming to promote excellence and bring in global standards in real estate arena, developers apex body Credai has announced two major projects - an institute for research and professional studies and educational scholarships for needy students pursuing higher education. The Credai Institute of Real Estate Research and professional Studies will be set up at Ahmedabad near a Kensville Go
Credai Odisha initiate awareness program amongst construction workers to avail due benefits .
Aug 16, 2012
Credai has started initiative of creating awareness amongst construction workers to get registered with Labour department to avail various benefits from government schemes .As per the provision labour cess collected@1% from all constructions works under going in the State and deposited in the Orissa Building and other Construction Workers Welfare Fund. This fund should Utilize in extending di
‘Cool roofs’ mandatory for all new buildings
Aug 16, 2012
New Delhi: Having suffered the worst power blackouts in the city’s history on two consecutive days last fortnight due to a collapse of the Northern grid twice, the Delhi government is mulling plans to become more energy efficient. In the wake of a recent study by Power Ministry’s Bureau of Energy Efficiency, which says electricity consumption can be brought down by 25 per cent with adoption o

Latest Realty News Of State

Realty Talk's