Govt to simplify construction work process, assures CM
Aug 26, 2012
Source : Deccan Herald


Mangalore, Aug 25, 2012, DHNS
State will introduce Infrastructure Bill, says Shetter at Statecon meet
Chief Minister Jagadish Shettar said that the State government will make an effort to simplify the process related to obtaining permission to real estate developers, to take up construction work. 
Speaking after inaugurating ‘Statecon 2012’ organised by Confederation of Real Estate and Developers’ Associations of India (CREDAI) here on Saturday, he said that he will hold talks with the representatives of CREDAI on the need for simplification of procedures within 15 days. The help of private partnership is essential for constructing houses for the poor. 
“As there was lack of space, the State government is mulling to introduce a new housing concept of G + 2 in Mangalore, Hubli-Dharwad and Mysore. The cost of the dwelling units would be around Rs 2.50 lakh. There is a need to check the growth of slums by taking up infrastructure facilities,” he said. 
“If the real estate developers come up with low cost housing projects, then the State government will surely join hands with them,” he added. 
In the last four years, the State government had constructed 8.9 lakh houses and distributed 1.27 lakh sites. 
‘Infrastructure Bill’
Stating that the government will introduce ‘Infrastructure Bill,’ Shettar said that the  Bill would provide the much needed boost to infrastructure projects. It will reduce the administrative and procedural delays. 
The State government will give thrust on PPP mode for the development of infrastructures.
The State government has earmarked Rs 19,065 crore for infrastructure development in the state. 
Initiatives in PPP investments have been taken by the government, wherein 12 PPP projects are currently in operation and 21 others would be implemented soon.  
Development of roads, creation and expansion of minor airports, doubling of railway lines etc are also being given importance, he said. 
The CM said that the minor airports will be developed at Gulbarga, Shimoga, Bellary, Hassan and Bijapur. The work on airport at Shimoga will be completed by December 2012. 
Real estate sector is the second largest employment generating sector in the country. The environment conservation must also be of paramount importance to real estate developers. 
Single window clearance
Minister for Urban Development and Parliamentary Affairs Suresh Kumar that the government will consider the single window clearance system and relaxation of taxes. The State government aims at providing more houses to people at an affordable prices. 
He said the government has initiated measures to construct 4.11 lakh houses in the year 2011-12. If the private developers join their hands with the State government, then the dream of house for all can be fulfilled. 
CREDAI national executive member Balakrishna Hegde and Credai State President Sushil Mantri placed the demands of a single window clearance system to ease the process of getting approval from the departments concerned. 
Hegde said that real estate developers have to pay VAT, service tax as well as stamp duty to the government. The real estate developers should be liable to pay only the stamp duty, he said. 
Assembly Deputy Speaker Yogish Bhat, MP Nalin Kumar Kateel, MLC Capt Ganesh Karnik, MLA Krishna Palemar, Mayor Gulzar Banu, CREDAI statecon Chairman K C Naik, CREDAI Mangalore chapter President P M A Razak and others were present.

Latest Realty News

Govt firm on VAT recovery from builders in Maharashtra
Aug 27, 2012
The Maharashtra government has launched an aggressive drive to recover value-added tax (VAT) from builders and developers on the sale of under-construction flats during June 2006 and March 2010. The government has mopped up Rs 600 crore from the realty players since 2006, and hopes to recover another Rs 1,000 crore. The government has ruled out any relief for the developers, making it clear
Commercial realty demand dips 30%, rentals down 15%
Aug 27, 2012
The demand for commercial real estate has dropped around 30 per cent in the past year, prompted by the economic slowdown, according to industry analysts. This, in turn, has resulted in at least a 15 per cent decline in rentals across many locations. In some areas, office rentals have come down by as much as 50 per cent. In fact, credit to the commercial real estate (CRE) sector grew by just fo
Housing finance firms permitted to raise funds through ECBs
Aug 24, 2012
Liberalising overseas borrowing norms, the government today allowed housing financing companies to raise funds through external commercial borrowings (ECBs) route to finance low-cost housing projects. The High Level Committee on External Commercial Borrowings which met here, also permitted FIIs to invest up to USD five billion in rupee bonds within the overall corporate bond limit of USD 45
Special squad to probe land frauds on capital outskirts
Aug 24, 2012
Bhubaneswar: The State Government on Thursday constituted a three-member special squad to probe fraudulent recording of Government land in favour of private individuals in 10 mouzas on the outskirts of the Capital. With the incidence of fraud recurring, the Government suspects role of its own officials in the land scams. The special squad, which will include assistant settlement officers Prad
Former sub-collector, tehsildar in the loop
Aug 24, 2012
Balasore:The State Government is contemplating action against three erring revenue officials, including the former sub-collector of Balasore and tehsildar of Bhogarai, for their alleged involvement in a land scam. The officials had allegedly favoured a private company by leasing out a patch of government land for a hotel near Talasari beach. A probe was ordered following media reports rec
Lighting of 4 city areas to mark local self-government day
Aug 24, 2012
Chief Minister Naveen Patnaik will kick start the Local Self-Government (LSG) day celebrations by inaugurating street lighting at four locations across the city. The street lighting is one of a series of projects lined up by BMC for inauguration, in the run up to the main event on August 31. The new streetlights have been provided at Khandagiri Square to Baramunda, Khandagiri Square to Kalinga
Builders' body asks FM to bring in sops for real estate
Aug 23, 2012
MUMBAI: After finance minister P Chidambaram asked realtors to sell off unsold flats at discounted prices, CREDAI, the apex body of real estate developers in the country, put the ball in the minister's court and said he should take immediate steps to boost housing stock supply through special incentives to the affordable segment. Chidambaram had reportedly asked commercial banks to put pressur
New garden blooms on Bhubaneshwar tourism map
Aug 23, 2012
BHUBANESWAR: The temple city added a new and unique spot in its tourist map, which is not only a visual beauty but also provides olfactory pleasure. Chief minister Naveen Patnaik on Wednesday inaugurated a fragrant flower garden on the premises of Regional Plant Resource Centre (RPRC) botanic garden in a landscape format here. The garden spread across in 3.5 acres of area has more than 70 varieti
Bhubaneswar Municipal Corporation road encroaches on prime private property
Aug 23, 2012
BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has admitted to mistakenly constructing a road on the private property of a septuagenarian man. Though the civic body has admitted to the goof up, Bimbadhar Das, who retired from a private organization around 10 years ago, and his three daughters have been making rounds of government offices since March 2010 to reclaim their land. Source
Staff crunch: BMC’s development works suffer
Aug 23, 2012
Development works under Bhubaneswar Municipal Corporation (BMC) are moving at a snail’s pace, courtesy staff crunch. Even as the city is bursting at its seams, there is no increase in the civic body’s staff strength. And with work pressure on existing officers holding additional charges increased with each passing day, execution of various development works is suffering. Even as a proposal

Latest Realty News Of State

Realty Talk's