BPS extension, Apartments Promoted by Buyers, Govt lands to private parties

News Posted - 2010-03-07, Last Updated - 2010-11-29

BPS last date extended to 31st December 2010

The Municipal Administration and Urban Development (MA&UD ) department has extended the last date for disposal of Building Penalisation Scheme (BPS) applications till December 31, 2010.

With the latest extension, the scheme, which was to end on November 15, got an extension for the fourth time.

BPS was introduced by the MA & UD department to regularise unauthorised buildings and structures which deviated from the sanctioned plan.

The last date has been extended on the request of Director of Town and Country Planning. The DTCP report said of the 1, 51, 335 BPS applications, excluding the Greater Hyderabad Municipal Corporation (GHMC), 63,764 applications are still pending with municipal corporations and municipalities.

Due to heavy rains, the applicants had not come forward for getting approval of BPS applications, and some multi-storied building applications were pending for want of No Objection Certificate from the fire services department and structural stability certificates from engineers.

The state government GO said the date extension was applicable for disposal of pending BPS applications and no fresh or new applications would be accepted. Source: TOI 24/11/10

HMDA approves the first Integrated Community Complex Project of 400 Apartments Promoted by Buyers

For the first time in Hyderabad an ambitious residential project of over Rs.125crore promoted by Buyers Society has been approved by HMDA on 18th February! The project is coming up at Tellapur, beside Gachibowli in Hyderabad.

The Project is promoted by Cyber Employees Welfare Society (CEWS), a motley group of more than 250 IT employees from IBM to Infosys. The Society was registered in 2007 when the apartment prices had shot through the roof making it tough for the salaried to buy homes. Since then, this Society has systematically and quietly gone ahead by acquiring land, engaging Architects and Consultants and even built approach road to site, from Gopanapalli. Their effort has now been acknowledged by HMDA by giving the Project, approval.

There are several interesting aspects in this project. Most striking one is the fact that the price of the flat is based on actual cost incurred. There is no developer margin in the price. Hence effectively buyer gets much higher quality for the same rate compared to buying from a developer, since every paise paid goes into construction. The project was pre-sold except for few units. Hence, unlike other new projects, CEWS does not have any booking risk. The buyers have all gone together as group to SBI and struck special deal for housing loan. They also engaged in extensive negotiation with Nagarjuana Construction Company (NCC) to bring price down but by keeping quality standards very high.

The project is spread over 6.4 Acres and has 400 super luxury apartment units. It has extensive amenities including Tennis Courts, Swimming Pools, Club House etc.

The Project's success is a strong message to developers to tighten costs and try and match the price and quality of CEWS.

Exclventures 18.02.10

AP High Court stays govt move to take back Fab City land

Justice R Subhash Reddy of the A P High Court on Wednesday stayed the move by the state government and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to take back the 100 acre land given to Sem India Fab Private Ltd.

The judge was dealing with a petition filed by Sem India which said that though the state government allotted 100 acres to it on a nominal lease for 66 years in 2006 in the proposed 1200-acre Fab City in Hyderabad, it is now trying to take back the land.

The state government earlier issued an order to the APIIC to take back 78 acres land from Sem India as it had not fulfilled any of its conditions as per the MoU. The state also asked the APIIC to collect Rs 20 lakh per acre for the rest of the 22 acres from Sem India.

Hyderabad News. TOI 18.02.10