PERMITS FOR CONSTRUCTION OF BUILDINGS ACCOUNT FOR HALF OF CONSTRUCTION COST
PERMITS FOR CONSTRUCTION OF BUILDINGS ACCOUNT FOR HALF OF CONSTRUCTION COST
World Bank Report
According to a report published by the World Bank, in Greater Mumbai, the various Permissions for construction works of the Buildings account for almost half the cost of construction. It is further reported that “the cost of construction permit in Greater Mumbai is 46.05 percent of the cost of construction.” The report also highlights that it takes 27 steps and 162 days to obtain a construction permit. For almost each of these steps, the developer or the land owner has to pay fees for obtaining construction permits.
Earlier, the Chief Minister of Maharashtra State declared that his Government had plans to extend the regime of allotting additional floor space index-ratio of built up area to total plot area, which exists in the suburbs of Mumbai to Thane and other areas in the Mumbai Metropolitan Region. Builders present at the meeting when the announcement was made sought to decrease the premium which is charged on the basis of prevalent ready reckoner rates.
Acting on the Chief Minister’s directives, the Brihan Mumbai Municipal Corporation had issued fresh guidelines to “simplify the construction permit process and reduce the time by eliminating certain procedures”. It also allowed self-certification for declarations pertaining to property tax, pest control and debris removal at the under-construction site; while allowing third party certification for internal road layout, internal sewerage systems, parking layouts and vehicle movement within the plot, storm water drain and water requirements.
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PYRAMIDAL MAJESTY AND MYSTERY
PYRAMIDAL MAJESTY AND MYSTERY
VAASTU TIPS FOR HEALTH & WEALTH
VAASTU TIPS FOR HEALTH & WEALTH
RIGHTS AND DUTIES OF DEVELOPER AND BUILDER
RIGHTS AND DUTIES OF DEVELOPER AND BUILDER
REPAIRING CRACKS
REPAIRING CRACKS
NATIONAL GREEN TRIBUNAL
NATIONAL GREEN TRIBUNAL
UTILISATION OF WATER RESOURCES
UTILISATION OF WATER RESOURCES
Fresh water resources on the surface of the earth is limited. Only 23% of the water is fresh water both on surface and underground. Remaining water is salt water in the sea/ocean. Only 10% of water is stored in the reservoirs which is used for irrigation and water supply. In northern India (U.P, Uttarakhand) during the rainy season, many rivers flow above danger mark. Inter-linking of rivers will enable utilization of this surplus water avoiding the risk due to floods.
A large quantity of water flows to the sea/ocean through rivers unutilized. When there is shortage of fresh water, it is not desirable to waste the water unutilized. Inter-linking of rivers would have immense benefits and is to be implemented to use maximum quantity of water for the benefit of people. .
Interlinking is a major focus area of the present NDA Government. The Supreme Court felt during the year 2012 that the benefits of inter-linking projects would be immense. It will put an end to the drought conditions in the Country and make the country more than self sufficient in food and energy. The Supreme Court directed the Government of India to set up a committee to pursue the idea of inter-linking of the Country’s rivers.
First proposal for inter-linking of rivers was by eminent engineer and central minister Sri. K.L. Rao in the year 1972. Another expert; Capt. Dastur also recommended construction of Himalayan Canal for the northern and eastern rivers.
Inter- linking of rivers will help to raise the irrigation potential to 160 million hectares for all types of crops by the year 2050 compared to a maximum of about 140 million hectares through conventional sources.
About Yettinahole Project in Karnataka, the coastal areas are objecting to the project to utilize part of water from Nethravathi River and its tributaries to provide drinking water to ; Hassan, Chickmagaluru, Chitradurga, Tumkur, Madhugiri, Pavagada and Koratagere taluks, and will also fill up water in Hesarghatta Reservoir. It will also provide water to Devanahalli area around International Airport.
Irrigation Expert Sri. G.S. Paramasivaiya submitted a proposal to Karnataka Government on 23.3.2001 to divert flood water from Sakleshpur to 40 drought affected taluks of seven districts Chikmagaluru, Hassan, Mandya, Tumkur, Bangalore Rural, Bangalore Urban, and Kolar. Water is badly required to these areas, for drinking water and ground water recharge. Experts say that it is only flood water that will be diverted from upper portion of Western Ghats.
About the fear that trees will be affected in the Western Ghats Region if the diversion project is implemented , the Forest Department will have to plant more than the existing number of trees in the forest areas. Conserving water is possible by lining canals to reduce less water seepage. The Ministry of Environment and Forests has given clearance to take up the Yettinahole Project.
HOUSING PROJECTS INCOMPLETE, BANKERS ARE WORRIED OVER NEW LAUNCHES
HOUSING PROJECTS INCOMPLETE, BANKERS ARE WORRIED OVER NEW LAUNCHES
The practice of Housing Project Developers using loans meant for one project to kick-start other projects came into sharp focus at a meeting of Bankers convened by the Finance Ministry in Mumbai. This tendency of Builders to launch other projects when the earlier ones were not complete has caught the eye of Bankers.
On the issue of there being no thaw in property prices despite slowdown in sales, Bankers say, those who invested in housing projects or Bank-rolled them at the pre-launch and launch stages were preventing Builders from bringing down prices.
The meeting, which was presided over by D.K. Mittal, Secretary (Department of Financial Services), Ministry of Finance, comes in the backdrop of reports about the existence of large number of unsold flats with Developers/Builders in Cities like, Mumbai. The issue of unsold flats with Developers/Builders was flagged at a review meeting of Public Sector Banks last month in New Delhi.
Sufficient demand:
In meeting at Delhi, Finance Minister P. Chidambaram observed that when there is sufficient demand for dwellings in the cities, the presence of unsold flats amounted to blocking of capital.
Chidambaram says, unsold flats should be a matter of concern for Bankers, who have funded the Builders and Developers, on the one hand, and property Buyers, on the other. The refusal of Builders/Developers to reduce prices was cited as the main reason for flats remaining unsold.
If they bring down prices by 15-20 per cent, it should be possible to find ready buyers. The sale of such flats could provide a much–needed demand to push the economy.
At the Finance Minister’s behest, the Indian Banks’ Association has formed a Committee under the leadership of Ajai Kumar, Chairman and Managing Director, Corporation Bank, to look into the issue of unsold flats with Builders holistically. The Committee will also examine ways to put pressure on Builders to bring down prices and popularise housing loan schemes through incentives.
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