Relief for residents in ASI protected areas
Ban on sale of land and construction in the areas marked as restricted by the Archaeological Survey of India (ASI)will be lifted within a month
Mar 13, 2015
Source : The Times of India

 

CHENNAI: Thousands of residents in suburban Pallavaram and Sembakkam near Tambaram, who have not been able to sell land or construct houses on it as it was in areas marked as restricted by the Archaeological Survey of India (ASI), can now breathe easy. The Centre has assured a visiting delegation from these areas that the ban on sale of land and construction in these areas will be lifted within a month. 

The assurance comes after the delegation members explained to minister of state for culture Mahesh Sharma that the Chennai circle office had told the ASI director that 83% of the declared area in Pallavaram was not fit for any archaeological research since most of it was already well developed. 

Dr G Maheshwari, ASI Superintending Archaeologist, told TOI that during her stint in the Chennai circle she had written to the Centre asking it to "de-protect" the Pallavaram area as it did not have any artefacts or archaeological remains. 

In 2010, after an amendment to the Ancient Monument and Archaeological Sites and Remains Act regulated construction activity in the prohibited areas of ASI monuments and sites of archaeology, property prices in Pallavaram and surrounding areas, which had several such spots, dipped. Under the amended Act, construction is banned in the prohibited area, within 100m of ASI sites, and in the regulated area, within 200m of the prohibited area, alterations can be undertaken only after obtaining no-objection certificates from the competent authority. 

Federation of Civic and Welfare Associations of Pallavaram president V Santhanam said, "Residents, whose houses were in the prohibited area, could not even carry out minor alterations.'' At least 10,000 families who built houses on approved plots in survey numbers 63 and 57 in Pallavaram, classified as megalithic sites, were affected, he said. Several people in nearby Sembakkam and other areas were also affected. 

Latest Realty News

India-among-top-20-realty-investment-destinations-in-world:-C&W
Mar 12, 2015
New Delhi: Investments in Indian real estate last year jumped more than two-fold to over $5 billion
‘Uncertainty-in-real-estate-sector-due-to-Regional-Plan-delay’
Mar 12, 2015
PANAJI: CREDAI Goa has requested the Laxmikant Parsekar government to simplify the procedure for approvals
Rattled-CRDA-starts-doling-out-compensation
Mar 12, 2015
GUNTUR: Stung by the farmers' protests demanding return of the consent forms, the Capital Region Development Authority (CRDA) got into a fire-fighting mode by hurriedly releasing the lease amount to the supporters of Land Pooling Scheme (LPS)
East-Delhi-Municipal-Corporation-may-seal-21,000-properties
Mar 12, 2015
NEW DELHI: The East Delhi Municipal Corporation plans to seal 21,000 commercial units over non-payment of conversion charges by April
SBI-offers-personal-loans-to-existing-borrowers-at-housing-loan-rates
Mar 12, 2015
MUMBAI: State Bank of India is offering a bonanza to its existing home-loan customers
Land-Acquisition-Bill:-Shiv-Sena-to-abstain-from-voting-in-Rajya-Sabha-too
Mar 12, 2015
Mumbai: The Shiv Sena, which abstained from voting in the Lok Sabha on Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill 2015, indicated party's three MPs in Rajya Sabha will not participate in voting but abstain
Lodha-Group-raises-Rs-540-crore-from-Kotak-Realty-Fund-via-private-placement-of-NCDs
Mar 12, 2015
MUMBAI: Realty developer Lodha Group is on a fundraising spree
Real-estate-outlook-positive-for-2015
Mar 11, 2015
Mumbai: The Union Budget 2015 may have disappointed most stakeholders in the real estate sector as the finance minister did not announce any measure to benefit either demand or supply in the sector
Real-estate-developers-woo-buyers-with-freebees-in-Pune
Mar 11, 2015
Pune: Major real-estate players in Pune are resorting to home festival bonanza with discounts and gifts for buyers
Realty-firms-to-opt-for-trusts-in-Singapore-or-IPOs-in-India-if-Reits-don't-take-off
Mar 11, 2015
Mumbai: If real estate investment trusts (Reits) do not become a viable option in the country in a year or two, say investment bankers and tax experts, property developers are likely to explore an initial public offer (IPO) here or floating of business trusts in Singapore

Latest Realty News Of State

Realty Talk's