Uttar Pradesh government approves Lucknow civic body’s plan to construct 100 MIG flats – ET RealEstate

LUCKNOW: LMC will soon start the construction of housing apartments and commercial buildings on its vacant land, with the project receiving green signal from the state government.

Additional municipal commissioner, Amit Kumar said, “The state government has approved LMC’s proposal to build and sell apartments as well as commercial units. It will help the corporation increase its revenue in the coming years. Though construction of the flats and its occupancy after sale will take time, we have already identified the land for constructing the apartments.”

LMC has identified a vacant space in Indiranagar, where it will construct around 100 middle income group (MIG) flats. The 500sq metre land was taken into LMC custody after conducting an anti-encroachment drive to remove the illegal occupants.

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No fine on late EMIs from March-August for Uttar Pradesh government houses – ET RealEstate

LUCKNOW: In a relief to home buyers hit by the coronavirus pandemic, the state government has decided not to impose any penalty on delayed payment of instalments for the period between March 1 and August 31.

Besides, the government has also advised the development authorities and the housing board to charge simple interest for this period of six months.

According to a notification issued by the state housing and urban planning department, the benefit can be availed only by the buyers who will clear their dues by September 30.

An order issued by principal secretary, housing and urban planning, Deepak Kumar and addressed to all DMs, vice-chairpersons of development authorities and housing commissioner, states that simple interest can be charged from home buyers who fail to pay the instalments for the six-month period (March to August).

Scores of home buyers could not pay their instalments owing to the financial crunch triggered by the lockdown. Housing officials said the department felt the need to give a buffer period to the home buyers in the wake of the Covid crisis.

The offer, however, comes with a rider: rebate on full payment will not be taken into account for the period between March and August. The order also states that the terms and conditions of the agreement signed at the time of the home purchase will remain unchanged.

Kumar in his order said that the decision has been taken in the wake of the Covid pandemic and the Union housing and urban development ministry directive to extend relief to home buyers for payment of instalments.

UP government had recently extended the deadline for completion of housing projects in the National Capital Region from June 2020 to December 2021 on the request of developers.

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Greater Noida: Residents’ welfare associations seek guidelines on upkeep duty – ET RealEstate

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GREATER NOIDA: Office bearers of more than three dozen residents’ welfare associations (RWA) reached GNIDA’s office in Knowledge Park IV to hand over a memorandum to the authority’s chief executive officer denouncing its move to hand over the maintenance work of residential sectors to them.

GNIDA wants to pass on at least three responsibilities to the RWAs gradually — registration of pet dogs, sterilisation of stray dogs and keeping vacant plots free of garbage and litter.

Residents said unless a clear cut policy or document to define financial an general liabilities is framed, they will continue to oppose the move.

CEO Narendra Bhooshan said, “A contract or memorandum of understanding will be signed between GNIDA and willing societies. We will hold talks with the resident groups before finalising the contract. Societies that are interested in taking up maintenance work, will be given a chance to do so. Otherwise, the present arrangement will continue.”

About 80 groups who stay in residential colonies or apartment complexes in Greater Noida have registered their associations with Uttar Pradesh registrar of firms, societies and chits. People staying in 15 to 20 sectors are yet to register their association.

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Ghaziabad development body asks Uttar Pradesh to share phase-III metro fund – ET RealEstate

GHAZIABAD: The Ghaziabad Development Authority held a meeting with state government officials and decided on a fund sharing pattern for the metro phase-3 project on the Vaishali-Mohan Nagar and Noida Electronic City-Sahibabad corridors. The GDA has asked the state to bear half of the total project cost.

The detailed project report (DPR) of the two corridors, that was sent to the state government earlier, will now be forwarded to the state finance department for approval.

“We have made it amply clear to the state government that the GDA is in no position to share the cost of the phase 3 metro corridors as suggested by the DMRC in its DPRs. So, we had suggested that state government bears 50% of the total cost of the two corridors, which has been pegged at Rs 3, 352.22 crore,” said an official.

GDA had sought Rs 1, 662.62 crore from the state government for the project.

According to the DPR, the estimated cost of the 5.04-km-long Vaishali-Mohan Nagar line has been pegged at Rs 1, 808 crore. The DMRC suggested the centre share in the project to be Rs 210.67 crore and the state’s share, through its agencies like GDA, GMC, UPSIDC and Housing Board, be Rs 842.68 crore.

However, GDA had proposed that the state government’s share be Rs 904 crore while GDA’s share be Rs 229.09 crore. The GMC’s share was to be Rs 82.86 crore, UP Housing Board’s share was Rs 146.23 crore and UPSIDC’s share was Rs 29.25 crore. It had also included DMRC’s share in the form of rolling stock, which was Rs 189.22 crore.

According to the DPR submitted by the DMRC, the estimated cost of the 5.01-km-long Noida Electronic City-Sahibabad line had been pegged at Rs 1, 517 crore.

GDA suggested that the Uttar Pradesh government’s share in the project be Rs 758 crore, GDA’s share was Rs 152 crore, GMC’s share was Rs 55 crore, UPSIDC’s share was Rs 19 crore, UP Housing Board’s proposed share was Rs 97 crore and DMRC’s share in the form of rolling stock was Rs 197 crore.

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