Stamp duty, registration fee waiver for Noida airport’s land lease – ET RealEstate

NOIDA: The Uttar Pradesh Cabinet on Friday decided to waive stamp duty and registration fees for leasing of land by the government agency Noida International Airport Limited (NIAL) for the first phase of an upcoming airport. The decision was taken during a meeting chaired by Chief Minister Yogi Adityanath in Lucknow, according to an official statement.

It stated that 1,334 hectare land has been acquired for the first phase of the Noida International Airport in Jewar, Gautam Buddh Nagar in the name of Civil Aviation Department, UP government.

This land has to be leased out to NIAL, an agency floated by the UP government for the airport project, it added.

“For development of the Noida International Airport, the Cabinet has approved a proposal to waive the stamp duty and registration fees on the 1,334 hectare land acquired in the name of the Civil Aviation Department,” according to the statement.

Noida Airport’s nodal officer Shailendra Bhatia told that when leasing a land, the lessee is required to pay 1 per cent of the total circle rate of the land in registration fees and 7 per cent in stamp duty.

“It was important to lease the land for NIAL in order to go ahead with development work on the project. NIAL has selected a concessionaire for a 40-year-period for carrying out the work, which could proceed only if NIAL has the land on lease,” he said.

NIAL, which has the UP government also as one of its four members, had selected Zurich International Airport AG as the concessionaire for development of the project.

The Swiss-headquartered firm has floated a special purpose vehicle Yamuna International Airport Private Limited (YIAPL) in India for the job, according to officials.

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Uttar Pradesh cabinet paves way for tenancy ordinance – ET RealEstate

LUCKNOW: The cabinet on Monday cleared the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021.

The provisions of the ordinance will lead to reduction in tenancy disputes and in older cases, rents can be revisited.

Once the ordinance is promulgated, signing of contract will become compulsory to rent out a property. This will safeguard the interests of both the property owner and the tenant. The ordinance has made provision for a rent authority and rent tribunal to resolve disputes. These bodies will be tasked to resolve issues within 60 days.

Currently, there is no clear mechanism for conflict resolution under the present law and matters have been pending in court for years.

Keeping in mind the present and future demands of tenancy, the government had decided to replace the UP Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972. On January 9, 2021, the Governor had promulgated the Uttar Pradesh Regulation of Urban Premises Tenancy Ordinance 2021. This was implemented in the state on January 11, 2021, but since the assembly was adjourned indefinitely due to unavoidable circumstances, the Bill could not be passed and therefore an ordinance is being brought.

The cabinet also cleared a proposal for setting up Uttar Pradesh State Institute of Forensic Sciences in place of the Uttar Pradesh Police and Forensic Science University. The decision, said an official, was made in pursuance of a Central Government advisory to states to set up institutes and affiliate them with a single university, the National Forensic Science University.

“Instead of multiple universities giving different degrees, now all degrees will be issued by one university. The National Forensic Science University has two campuses, one in Delhi formed by merging the National Institute of Criminology and Forensic Sciences and National University, and the other in Gujarat,” said an official.

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Uttar Pradesh cabinet approves affordable rental housing scheme for urban poor – ET RealEstate

LUCKNOW: The Uttar Pradesh government will start a scheme offering affordable rental housing for poor people living in cities and a proposal to this effect was approved by the state cabinet presided over by Chief Minister Yogi Adityanath, an official release issued here on Friday said.

Under the Affordable Rental Housing and Complexes (ARHC) scheme, urban migrants/poor labourers, those belonging to economically weaker sections, low income groups including factory workers, educational institutions, people associated with hospitality and students will be the beneficiaries.

Preference will be given to people belonging to Scheduled Castes, Scheduled Tribes, Other Backward Classes, widows, working women, divyang and minorities, which will be subject to the provisions made by the state government, the release said.

The ARHC scheme has been launched by the government of India through the Ministry of Housing and Urban Affairs under ‘self-reliant India’ campaign, the statement said.

It will be implemented under the Pradhan Mantri Awas Yojana (Urban) to promote participation of private/public institutions for construction, operation and maintenance of rental housing complexes for urban migrants/poor, it said.

The scheme will be implemented under two models in the state.

Model one involves converting vacant houses funded by the central or state government into an ARHC through an agreement.

Under the second model, ARHC will be built, operated and maintained by public/private entities on their available vacant land, it said.

No proposal will be accepted without technical examination of the ‘Avas Bandhu’ under the scheme, it said.

According to the statement, all projects under the scheme will be used for rental accommodation only for EWS/LIG category, urban migrants/poor for minimum 25 years.

If ARHC is used for any purpose other than rent, action will be taken against the agency concerned by the competent authority according to rules, the release said.

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Uttar Pradesh cabinet approves Rs 2,890 crore for Noida International airport land – ET RealEstate

LUCKNOW: The state cabinet on Tuesday approved of Rs 2,890 crore for acquisition of 1185 hectare land for phases 1 and 2 of Noida International Airport in Jewar.

This includes Rs 163 crore under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.

Approval was also given to transfer 36 hectare land out of the total 1,363 hectare for the development of the first two phases, from the Yamuna Expressway Industrial Development Authority 36 hectare land transfer to civil aviation department.

The cabinet also promulgated the UP Panchayati Raj Reservation and Allotment of Seats and Offices (Twelfth Amendment) Rules, 2021. The move came a day after the Allahabad high court ruled that the base year for reservations for the upcoming panchayat elections has to be 2015, which will now require the government to completely change the new reservation system it had introduced this year.

The amendment will be applicable from the upcoming elections under which rotation of reservation will be as per the system followed in 2015.

The cabinet also allowed the UP Power Corporation Limited and power distribution companies to take long term transactional loans of up to Rs 7,000 crore. The government will provide guarantee for it. An official said that the funding was required as power companies had suffered huge losses during the Covid-19 lockdown in 2020.

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