Builders to pay more for power infrastructure
Senior officials of the discom have decided to hike the bank guarantee for builders of multistoreyed projects as well as of plotted area projects
Sep 15, 2014
Source : The Times of India
Dakshin Haryana Bijli Vitran Nigam (DHBVN)

 

GURGAON: Private builders and developers will now have to pay Rs 10-15 lakh more as bank guarantee for power infrastructure as the Dakshin Haryana Bijli Vitran Nigam (DHBVN) has revised its bank guarantee policy. The final rates are expected to be released next week.

In June 2014, the DHBVN had asked developers to deposit bank guarantees, saying that if they failed to develop the necessary power infrastructure on their own, the discom would develop, augment the supply and also release new connections in those developer areas.

DHBVN general manager Sanjeev Chopra on Saturday told TOI that senior officials of the discom have decided to hike the bank guarantee for builders of multistoreyed projects as well as of plotted area projects.

"For multistoreyed projects, for instance, there is no need to build a substation. A transformer is sufficient as there is not much cabling required. But for projects which are spread out on larger areas such as plotted area colonies, there is a need for overhead cables, substations and transformers. Therefore, it is not justified to charge the amount for both kinds of electrification projects," Chopra said,

"The amount for plotted projects is therefore more than that of multistoreyed projects, as they cover more area and population," he said.

Earlier, all private developers were paying a fixed amount of Rs 58 lakh as bank guarantee. "Now those developing multistoreyed projects will have to pay about Rs 37 lakh and those constructing buildings in a plotted area or group housing schemes will have to pay between Rs 68-72 lakh," Chopra said.

Besides revising the rates, the discom has also decided to lay double-circuit cables as part of the power infrastructure to ensure uninterrupted supply. With rampant construction going on in the city, officials said it is quite common for a circuit to get damaged, due to which an entire colony suffers from power outages. Double circuits will help prevent such a situation. If one circuit is damaged, power can be supplied through the other.

Latest Realty News

19 million sq ft realty space unsold
Sep 15, 2014
The real estate market in Gurgaon has unsold inventory of nearly 19 million square feet, 28% of the total area under development, due to slowdown in demand and a surge in supply, according to the ratings agency, ICRA
Noida Extn homebuyers protest 'extra charges'
Sep 15, 2014
Hundreds of flat buyers in Gaur City and Gaur City One met under the banner of Noida Extension Flat Owners Welfare Association (NEFOWA) on Sunday to protest the "additional charges" being allegedly charged by the realtor at the time of handing over apartments
Mumbai housing societies go hi-tech with online community portals
Sep 15, 2014
Housing societies going online to manage their day-to-day affairs
For luxurious Mumbai flats, even owners shell out ‘rent’
Sep 15, 2014
Fancy apartments in new luxury buildings not only cost a king's ransom, but also need a fortune to be kept in possession
Subpar prices for govt land
Sep 15, 2014
Notwithstanding the skyrocketing price of land for the past few months in the Vijayawada-Guntur-Tenali-Mangalagiri Urban Development Authority (VGTM UDA) region, an auction of plots in an upmarket locality of Guntur fetched the government only about half the market price
Bhubaneswar to be Wi-Fi enabled
Sep 15, 2014
The state government is planning to make Bhubaneswar the first fully Wi-Fi city in Odisha, said information and technology minister Pranab Prakash Das
GDA allows extra floor, caters to urban boom
Sep 13, 2014
A new era of town planning is set to be ushered in the city after Uttar Pradesh government approved Ghaziabad Development Authority's proposal to amend building bylaws to allow construction of an additional floor, taking it to four
BDA flouts building norms: Audit
Sep 13, 2014
The Bhubaneswar Development Authority (BDA) flouted its own building norms and showed undue favours to developers for construction of eight high-rises in the city, a latest draft audit note by accountant general (general and social sector) said
BDA bid to stop sale of land in parts
Sep 13, 2014
The Bhubaneswar Development Authority (BDA) has decided to seek an amendment to building regulations from the government to reintroduce a provision that prevents sale of part of a plot in the city without BDA approval
Naidu seeks 1.2 lakh crore for building new capital city
Sep 13, 2014
Chief Minister N. Chandrababu Naidu on Friday made a strong pitch before the 14 Finance Commission for liberal grants that include Rs. 1.02 lakh crore for building the new capital and a special grant-in-aid of Rs. 41,500 crore to undo the damage done due to the ‘unscientific bifurcation’

Latest Realty News Of State

Realty Talk's