Friday 15 July 2016

Property Registration – Occupancy Certificate will be made mandatory in Hyderabad






To curb illegal structures the Greater Hyderabad Municipal Corporation (GHMC) has come up with a proposal to link registration of properties to the occupancy certificates. As per the proposal the registration and stamps department should insist on OC for buildings and approved buildings plan in the approved layout while registering built up area at under construction. It is said that the CM has approved and has asked the revenue department to make necessary amendments.

At present structures on plots with more than 100 square meters only require OC from the municipal authority. The commissioner of the GHMC has said, as per the new building rules occupancy certificate will be made compulsory for structures irrespective of its size and plot area. Also as per new proposal OC will be made mandatory for getting water, sewerage and electricity connections. It is strongly believed that this measure will check illegal constructions and for this purpose the Registration Act needs to be amended by incorporating necessary an appropriate clause in Section 21. 

Highway Projects – Norms relaxed for Approval

To give a boost to the infrastructure in the country the Finance Ministry is putting maximum efforts. The road transport and highway ministry can now appraise and approve projects up to 500Crores. This will help in an increase in the public funded projects. Earlier the committee which was under the road secretary was empowered to appraise projects worth and in turn finance ministry was clearing the projects. Now, since the committee itself is empowered delay will be avoided in awarding the projects which will give a fillip to the infrastructure growth in the country.

Six more Industrial Parks to come up in Tamil Nadu

Recently it is announced by the Industries Minister that six more new industrial parks will be established across the state spreading over 8000 acres. The projects are proposed to come up in areas like Sriperambadur, Cheyyur, Tuticorin, Tindivanam, Orgadam and Madurai. SIPCOT – Industries Promotion Corporation of Tamil Nadu is preparing plans for housing facilities of employees and also upgrading the social infrastructure. As per the orders of the government SIPCOT will allot 100 acres of land to foreign investors to set up separate industrial parks. In the southern backward districts the corporation has identified 25,000 acres to develop industrially. It is proposed to establish water treatment plant to meet the requirements of 10 MGD (million gallons per day) either through a public private partnership model or with Chennai Metro Water. Further, TIDCO (Tamil Nadu Industrial Development Corporation) is in the process of constructing Bio Park to create additional space of 6 lakh sqft for nano technology, pharmaceuticals and other R&D activities.

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