Soon, rent affordable home from civic bodies in Gujarat – ET RealEstate

AHMEDABAD: The state government is poised to start a new housing scheme in which affordable units belonging to the municipal corporations will be given on rent to occupants. The scheme is set to be launched in Ahmedabad city and district, Gandhinagar city and district and Vadodara city soon and necessary tenders have been issued. It is already under way in Surat.

The government’s Affordable Rental Housing Complexes (ARHC) scheme, a central government initiative, will be executed on a public-private partnership (PPP) basis to private entities on a 25-year lease, who will offer houses at low rental charges to members of economically weaker sections (EWSs) and students.

Civic body leases to developers

The ARHC will be executed on two models –Model 1 format will consist of vacant houses owned by the local authorities like AMC and SUDA which will be given to private players to run, maintain and give out on rent. Model 2 will require the developer/ party to construct the dwellings with their investment on land and construction and then rent and manage the properties. Since the burden of investment is on developers, Model-2 format will allow 50% extra FSI (Floor Space Index) to reduce the overall construction cost.

We have got inquiries for 1,000 houses in Ahmedabad, Surat and Vadodara. We are hopeful that the facilities will be operational soon in these citiesLochan Sehra, Secretary (Housing & Nirmal Gujarat), Urban Development & Urban Housing

Model -1 format is gaining more traction among developers, with the authorities beginning to get bids for the tenders. Model 2, however, has seen a lukewarm response and is yet to attract bidders.

Surat Urban Development Authority has executed its first project under the ARHC scheme which will get operational soon, officials said. SUDA chairman and SMC commissioner Banchhanidhi Pani said, “This is the first project in India under ARHC scheme. We are looking forward to having projects in the city limits too, both under Model-1 and 2.” Civic authorities in Ahmedabad and Vadodara have also issued tenders for housing projects .

AMC floats tenders

The Ahmedabad Municipal Corporation (AMC) has floated two tenders under Model 1.However, the technical bid evaluation is in progress and it is yet to award the contracts. AMC commissioner Mukesh Kumar said, “Two companies have registered for the tender for a total 1,376 houses, of which 352 houses will be built in Thaltej and 1,024 in Bodakdev.”

Sources privy to the development said there has not been much response from developers for the Model 2.

Therefore, the period has been extended till March 2021. Developers feel Model 2 may not be very attractive as the cost of the project will turn out to be much higher than the returns they can expect in the ‘affordable rental’ scheme.

Leasing option better, constructing unviable

ANREDCO president Suresh Patel said, “Model 1 may click with the bidders, but Model 2 doesn’t look viable as the cost of the land is very high and so is the construction cost as against the returns expected.”

Some realty experts suggested that the government should get into joint ventures by offering reserved land to developers for such projects and offer 100% FSI for free.However, the affordable rental scheme is expected to do well in industrial areas like Sanand, Kalol and Santej.

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Incuspaze launches 50,000 sq ft co-working space in Vadodara – ET RealEstate

NEW DELHI: Incuspaze, a managed office space provider, in association with the Alembic Group has launched 50,000 sq ft co-working space in Vadodara, the company said in a media release.

The center has 1000-seat capacity, which will be rolled out in two phases. In the first phase, the company will go live with 500 seats along with dedicated private offices, meeting rooms, and conference rooms.

It will also launch two new centres in Kochi and Trivandrum, at Aspinwall House. Apart from this, they have also signed three new centres in Delhi-NCR spread across 2 lakh sq ft which they plan to launch by end of January 2021.

The company is planning to add 5 lakh sq ft by the end of 2021 in Gujarat. Sanjay Chatrath, managing partner (India) of the company said, “We are already in discussion with multiple asset owners for further expansion in Vadodara and Ahmedabad and new spaces in key cities like Surat and Rajkot.”

With multi-city presence and offerings they hope to leverage on cost and flexibility to meet their business needs while reducing their operational cost by 30-40% at the same time.

Currently, the company has presence in 10 cities with 25 locations.

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Vadodara: Residents seek Rs 40 crore from builders over gross violation & negligence – ET RealEstate

VADODARA: Eight Barodians have dragged four realtors of a luxurious bungalow scheme that has come up on Gotri-Sevasi Road to the National Consumer Disputes Redressal Commission demanding payment of more than Rs 40 crore over gross violation and negligence.

The complainants who are residents of the bungalow scheme Earth Somnath Society decided to take legal recourse against the developers – Parakramsinh Jadeja, Ashok Tanna, Viral Sheth and Pritesh Shah – after learning that the housing scheme has come up on a high-pressure gas pipeline of Gail (India) Ltd.

It is alleged that the developers did not keep in mind the guidelines of Gail (India) Ltd while constructing the bungalows.

The residents have also alleged that there is difference in some plot sizes against what has been mentioned in the sale agreement. The developers have encroached upon a village pond owned by gram panchayat and constructed club house over it, the complainants have stated.

Their petition states that the developers have made several revisions in the construction from what was approved by Vadodara Urban Development Authority (VUDA).

“Of the 83 houses, 24 are constructed on the gas pipeline. We, therefore, seek Rs 24 crore compensation for these houses. An amount of Rs 2 crore along with interest has also been sought for illegal construction of club house on the village pond,” said P V Moorjani, who is representing the residents at the NCDRC.

Moorjani further said that the remaining amount is for difference in plot sizes, refund of maintenance, pending construction, unpaid stamp duty and mental harassment.

In 2019, Moorjani had also filed public interest litigation against the developers in the Gujarat high court seeking removal of construction done within 15 metres of the gas pipeline and also the club house and swimming pool.

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Vadodara civic body to spend Rs 56 lakh to fix leakages in BSUP houses – ET RealEstate

VADODARA: The Vadodara Municipal Corporation (VMC) will have to cough up more than Rs 56lakh due to substandard work done in housing schemes. The civic body will have to redo waterproofing in the roofs of two schemes of housing blocks it constructed in 2012.

The civic body’s proposal has sought a nod to spend Rs 33.19lakh on BBCC work at the Jambuva site and Rs 23.46lakh on a similar project in Tarsali.

Sources said that the condition of some other schemes is similar and will have to be taken care of at some stage.

The houses were constructed as part of the Basic Services for the Urban Poor (BSUP) under Jawaharlal Nehru Urban Renewal Mission. Apart from several other schemes, 928 houses were constructed in Jambuva and 656 in Tarsali in multi-storeyed buildings.

The schemes have Indian Patent Stone (IPS) flooring on roofs and the VMC is now looking to provide them with Brickbat Cement Concrete (BBCC) flooring for better waterproofing.

While the civic body has brought a proposal for the work before the standing committee stating that the work was old and worn out due to ageing, people have been complaining of dampness and seepage since years now.

Within a couple of years of people shifting into their new houses, complaints of seepage as well as other issues related to poor quality of work started surfacing.

The VMC itself was concerned over the quality of the houses after lumps fell from such a dwelling in Kishanwadi.

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