MCCI urge Bengal to raise land celing limit to 50 acres
The Chamber urged to raise the land ceiling under 14Y to at least 50 acres from 24 acres in case of land directly acquired from owners
Nov 18, 2014
Source : Business Standard


Kolkata: A city-based chamber today urged the West Bengal government to raise the land ceiling under 14Y to at least 50 acres from 24 acres in case of land directly acquired from owners.

"At present, as per the Centre's guidelines one-third of land has to be preserved for green conservation. Another one-third land is required for parking of vehicles. In effect, industry is left with just eight acres for medium and large scale industry," newly-elected president of MCC Chamber of Commerce and Industry Arun Kumar Saraf said.

Speaking to reporters here today, he said that going through 14Y was a time-comsuming issue and hence raising the limit would boost industry. Adding further, he said if a land was directly purchased from owners for industry and the concerned 'bargadar' was a consenting party, it should be considered as a final sale deed.

The president also asked the state government to take concerete measures to implement the jute packaging norms, primarily in the rice mills to help the jute industry, supporting over two lakh workers. The said that unemployment rate currently was 15 per cent among urban population and 26 per cent among rural. The chamber would also submit a blueprint to the state government for making the state self-reliant in agricultural inputs and implements. The chamber will adopt Uttr Barendari, a village in North 24-Parganas district to convert the same into a smart village in that area.

Latest Realty News

Realty players’ profits rise as consumer sentiment improves
Nov 18, 2014
Mumbai: Muted growth continues for listed real estate players pan-India, with most companies reporting a marginal rise in net profit for the second quarter
Delhi's first CM’s son held for realty fraud
Nov 18, 2014
NEW DELHI: The son of Delhi's first chief minister was arrested by the economic offences wing of Delhi Police for allegedly duping people by selling non-existent land and property
Spike in realty fund raising, residential projects in focus
Nov 17, 2014
Mumbai: The real estate demand may not have revived across the country but that has not deterred investors to launch real estate funds mainly to invest in the residential projects
DDA sitting on Delhi land worth Rs 1 lakh crore
Nov 17, 2014
NEW DELHI: The Delhi Development Authority is sitting on vacant lands worth Rs 1 lakh crore in the capital
Massive real estate boom in AP
Nov 17, 2014
HYDERABAD: Andhra Pradesh is witnessing a real estate boom post bifurcation, with property registrations doubling in the 13 districts during the last few months
'Real estate prices up marginally'
Nov 17, 2014
BHUBANESWAR: Real estate prices in the city increased marginally in the quarter ended in June compared to the previous quarter according to Residex, the National Housing Bank's (NHB) quarterly update on property prices
Lack of clarity on land pooling angers farmers
Nov 15, 2014
GUNTUR: Farmers in the proposed capital region are growing restive with the cabinet sub-committee on land pooling failing to come out with a concrete assurance on compensation package
Plea to Khattar on 'integrated townships'
Nov 15, 2014
GURGAON: A city-based NGO, Aadhikar, and a group of residents have written to CM M L Khattar and MP Rao Inderjit Singh urging them to solve the problem of "integrated townships"
Hike in guidance value may hit flat buyers
Nov 15, 2014
Bengaluru: The recent revision of guidance values will increase apartment prices and add to the burden of people who are yet to register properties bought years ago
CBI arrests builder in Artha Tatwa fraud
Nov 15, 2014
BHUBANESWAR: The CBI arrested a builder on charges of embezzling Artha Tatwa (AT) Group funds

Latest Realty News Of State

Realty Talk's