Cuttack housing set for a big leap
Aug 07, 2012
Source : Times of India
A Glance Of Cuttack City


BHUBANESWAR: The comprehensive development plan (CDP) for Cuttack development plan area (CDPA) was finally notified on Sunday. The plan envisages around two-and-a-half times increase in land used for residential purpose from 9.92 per cent at present to 23 per cent by 2030.
The CDP suggested creation of 12,000 houses for economically weaker sections (EWS) category to rehabilitate the existing slum dwellers. Among others, it advocated construction of 5,000 low-income housing units in Sikharpur zone and re-densification of the area besides development of new housing colonies and townships in Barang, Gopalpur and Nirgundi. This will include apartments and gated colonies, high-rise apartments in areas with relaxed height norms and increased floor area ratio (FAR) provision. The eco-sensitive area of Mundali has been plannes for resort housing and lagoons. While Barang has been planned as an activity centre with high-end housing projects, government and corporate offices besides IT special economic zone, Gopalpur has been marked for high-end group housing projects by developers.
As per the plan, Nirgundi, Charbatia, Chhatisa and Choudwar areas on the northern fringe with a comparatively lower population density would in future accommodate a significant share of population and would see rise in the housing densities. Charbatia and Chhatisa areas have been proposed for restricted development. Hence, the densities of these zones will be limited. The plan suggests revitalization of existing residential industrial infrastructure the OTM Colony in Choudwar after clearance from the Archeological Survey of India (ASI) and a special residential zone (SRZ) for affordable housing in Nirgundi keeping in mind availability of uninterrupted vacant land there.
The CDP plans Bidanasi as one of the largest satellite townships to meet the future housing demands of the millennium city. It had been planned for a population of 1.5 lakh which included the spill-over population of the main city, migrants from outside engaged in various economic activities including the service population.
The plan suggests making rental housing acceptable and affordable by increasing the rental housing stock through reverse mortgage. Currently, overall, 77 per cent of the households own their houses and only 15 per cent live in rented accommodation. The rural areas of CDPA show that almost 98 per cent of the households own their houses.
The CDPA, comprising CMC, Choudwar municipality and CDPA rural, is spread over 302.80 sq km. The projected population of CDPA in 2030 is 15 lakh compared around 8.27 lakh at present. The CDP projects the housing requirement of CDPA to be 2.68 lakh dwelling units by 2030 and envisages larger roles for private players and public private partnership (PPP) model to realize the need.
Real estate developers feel notification of the plan will give a push to real estate activities. "There was a broader idea about the plan from the draft published long ago. But, now the plan has legal sanctity. Hopefully, it will facilitate regulated development in the plan area as developers will keep the CDP as a guiding principle," said DS Tripathy, president of Confederation of Real Estate Developers Association of India state unit.
Experts said efforts should be made to execute the CDP. "Such plans are made and mostly put in archives. Sincere efforts should be made so that it works," said Piyush Rout, an urban management consultant. 

Latest Realty News

Residential realty reflects sluggish growth
Aug 07, 2012
The news is still not rosy for real estate developers as residential realty in the region continues to follow a weak trajectory. Brokers in the region say that not much of sales are happening as of nowas weak sentiments standing as a stumbling block. Also, perception is floating that property rates should fall before buyers enter the market. Vikas Gupta, Punjab region vice-president for
Credai NCR Would Help Habitat For Humanity India !
Aug 07, 2012
Realtors' body CREDAI has said it will fund construction of houses for families of about 30 differently abled persons in the Delhi NCR (national capital region). As part of its CSR (corporate social responsibility), CREDAI NCR would help Habitat for Humanity India (HFHI) and Madok Foundation in developing these houses at Mundka & Bahadurgarh area. CREDAI-NCR said in a statement, "The pro
Bhubaneswar Municipal Corporation officials to learn from Gujarat model
Aug 07, 2012
BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) would send a 10-member delegation of corporators to Gujarat on August 16 to help them learn the civic delivery system of Ahmedabad Municipal Corporation (AMC). It followed the invitation by AMC commissioner and senior Odia IAS officer of Gujarat cadre Guruprasad Mohapatra, who presented an audio-visual demonstration of AMC works here on Mon
Realty check for new service tax regime
Aug 06, 2012
The service tax regime has been overhauled vide Budget 2012 — the 18-year-old classification-based service tax law has been replaced with ‘negative list’ based levy. This has widened the scope of services manifold. The shift to a negative list-based taxation is aimed at aligning the service tax system to the proposed Goods and Services Tax regime. It is hoped that the GST will help unify the
Real estate, election campaigns routing black money
Aug 06, 2012
NEW DELHI: Money generated through illegal means is laundered through various means, including real estate and election campaigns, in India, a report of the US State Department has said. "High-level corruption both generates and conceals criminal proceeds. Illicit funds are often laundered through real estate, educational programs, charities, and election campaigns. Companies use trade-based m
Cities should be made hubs of economic growth: official
Aug 06, 2012
Secretary in the Union Urban Development Department Sudhir Krishna on Friday said urbanisation could not be prevented and the solution lay in creating planned cities making them hubs of economic growth. Delivering the keynote address at the South India Real Estate Conference 2012 organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, Mr. Krishna said at a time when
Corporators up in arms against Berhampur MP
Aug 05, 2012
BERHAMPUR: Cutting across party lines, several corporators of Berhampur Municipal Corporation (BMC) on Friday engaged in a heated exchange with BJD MP from Berhampur Siddhant Mohapatra, holding him responsible for lack of development of the town. "The MP is not interested in the town's development. He has never attended any council meeting to discuss issues related to this, even though he has
Crime branch arrests 2 in Balangir land scam
Aug 05, 2012
BALANGIR: Crime branch sleuths on Friday arrested the Agra-based Taj Gas company manager and supervisor, who were allegedly involved in grabbing the land of around 100 farmers in Patnagarh subdivision in Balangir district. The two accused, Debendra Tyagi (manager) and Ajaya Sharma (supervisor), were caught by a special team from Patnagarh a day after the officials began a probe into the scam.
Risky rides for school kids
Aug 05, 2012
BHUBANESWAR: Chaotic traffic outside school gates, overloaded auto-rickshaws ferrying children and unruly guardians waiting to pick up their wards after end of classes have turned the spotlight on safety of students while commuting in the city. A problem peculiar to the city is that several schools are located on busy main roads. Given the low level of people's awareness and lack of adherence
Swinging times back at park-Cuttack
Aug 04, 2012
Cuttack, Aug. 3: Swing times are back at Sarangadhar Das Children’s Park in Jhola Sahi and children living nearby couldn’t be happier. New swings and joyrides that were lying defunct have been fixed and the smiles are back on the faces of kids. The Cuttack Municipal Corporation’s move to repair the park’s infrastructure has come after a long time. Not too long ago, damaged rides and swings

Latest Realty News Of State

Realty Talk's