hat, Nagpur in particular and Vidarbha region in general are riding high on the development boom created by the ambitious multi-crore Multimodal International Hub and Airport at Nagpur (MIHAN) is an old thing. But, the academic circles in the region too are gearing up to ride on the same boom, is the latest news. How? Read on.
With MIHAN moving ahead at its pace, logistics and supply chain management are set to get more importance. Similarly, with several special economic zones proposed in the region, foreign trade will also get a boost. Identifying the requirement for these modern-day jobs, G H Raisoni Group of Institutions, affiliated to Rashtrasant Tukdoji Maharaj Nagpur University (RTMNU), has brought in six new job-oriented courses. These six courses which are designed by Pune University include BBA (International Tourism and Hotel Management), BBA (Logistics and Supply Chain Management Marketing Management), Bachelor of Foreign Trade, PG Diploma in Capital Marketing Management, PG Diploma in Material and Logistics Management, and Bachelor of Business Economics. Besides, as many as 50 colleges that come under RTMNU have got approval for new courses, new sections, and new faculties. The colleges like Dr Ambedkar Institute of Management Studies and Research, Deekshabhoomi, Dhanwate National College, Kamla Nehru College, Sakkardara, K. R. Pandav College, Mathuradas Mohta College of Science and some others also have got new sections and new courses. In the wake of development in Nagpur and adjoining area, this time the emphasize was given on job-oriented and short term courses which are useful for the industries. K R Pandav College and Ramaji Pandav Master of Computer Management are introducing courses like PGD (Company Secretary Slip), PGD (Co-operative Management), PGD (Finance Management) and others. Till now only Dhanwate National College was running Masters course in Mass Communication. But now from the session 2008-09 G. H. Raisoni College too will be running the course. Apart from this, courses like Master of Hospitality Management, B A (Functional English), B.Sc (Bio-informatics) etc are also being added. Some of the colleges have got sanction to new faculties. SFS College has got approval to start Commerce faculty, Yeshwant College, Wardha, has got approval for Arts and Social Science, Commerce, Law and Science faculties. Some of the colleges have introduced courses related to Cyber Law, Industrial Intellectual Property, PG Diploma course in Law, Health and Medicine, Environmental Law, Course in Taxation, PG Diploma in Aquaculture. Kamla Nehru college, Sakkardara has introduced courses like Library Science, Home Science while Mohta Science will have Post Graduate course in Mathematics from this academic session.
Friday, October 17, 2008
still paculation
Proving doomsday prophets wrong, the city realty market is showing no signs of slowdown. With every passing day, the demand for high-end housing is witnessing new highs. The new luxury apartment schemes are commanding record prices with a recent land deal fetching Rs 16,500 per sq ft price.
Despite a slump on Wardha Road following The Hitavada expose revealing massive irregularities in grant of No Objection Certificates, the property market is full of queries and developers and builders are now offering plots and flats with proper permissions from various authorities including Non Agriculture and Town Planning sanctioned plans popularly known as NA/TP. Out of 2.40 lakh property deal registrations in five leading cities of Maharashtra including Mumbai, Pune, Nashik, Thane and Nagpur during first quarter of 2008, the Orange City had witnessed 27,514. The authorities had banned registrations of plots and apartments situated in unauthorised layouts as well as registrations of plots part of irregular NA/TP permissions. According to figures available with Inspector General of Registration and Stamp Duty, Nagpur cityi had recorded 24,529 registrations during first quarter of 2006. It saw a 5.74 per cent rise the following year with 25,937 registrations. During first quarter of 2008 as many as 27,514 properties deals were registered recording 6.08 per cent growth. Till June 20, 2008, Nagpur city has recorded 30,156 registeries and mopped up stamp duty worth Rs 105 crore. Nagpur (Rural) too witnessed 21,019 registration from January 1, 2008, till June 20, and stamp duty worth Rs 28.73 crore was collected. During 2006-07 (April 1, 2006 to March 31, 2007) as many as 61,126 deals were registered and stamp duty worth Rs 163.69 crore was mopped up. In 2007-08 the city recorded 62,105 deals were recorded and stamp duty worth Rs 211.23 crore was collected. During second quarter of 2006 (April 1 to June 30, 2006) the city recorded 14029 deals while in the year 2007 the city recorded 16,106 deals. In the current year, the city recorded 5415 registrations in April, 5,041 registration in May and 2,833 registrations by June 20, 2008. The officials of Deputy Inspector General of Registration and Stamp Duty insists that it is a normal phenomenon. During second quarter of every year, very few property deals are registered and property market will bounce back in third quarter as usual, they pointed out. Moreover, if Nagpur city and rural areas are taken together as many as 51,175 deals have been registered, despite economic slow down, they opined. Nationally the realty market has taken a beating following mind-boggling land prices, inflationary pressure, escalation in construction cost, upward movement of interest rate, steep hike in ready recknor prices and apprehension about appreciation of investment. But somehow the Orange city which has been described as the most attractive destination amongst Tier II and III cities, has escaped the sluggish growth phenomenon. State-wide, 2,08,205 registrations were recorded during July-September 2007 while in October-December 2007 it was 2,17,743. The comparison of data for the first quarter in the last three years also reveals that registrations have gone up by 13.54 per cent in 2008 compared to 2007. Despite mind-boggling cost of property prices, the market witnessed a jump by 9.5 per cent as compared to January-March 2007 figures. According to sources in Inspector General of registration and stamp duty, the Maharashtra Government had collected a whopping Rs 2,267.42 crore from January to March in 2008 as compared to Rs 1,619.99 crore during the same period last year. This plainly means a cool increase of 40 per cent. During first quarter of 2006, the government had collected Rs 1,374 crore stamp duty from property registration. Rationalisation of property prices in the Ready Reckoner, a more realistic approach and intense scrutiny of the deals, had ensured a better duty collection, reveals a senior officer of the department. A leading developer also confirmed that due to mind-boggling rise in the property rates, the purchaser and seller had no option but to go in for registration and pay proper stamp duty to avoid legal complications in future. The trend of unregistered agreement to sale is a passe, revealed a property broker who pointed out most client insists proper registration of property documents to avail bank loan. City-wise comparison also confirms that property registrations are on an upswing. In Mumbai, the registrations increased by 8 per cent between January and March 2008 compared to corresponding period in 2007, while Thane, Pune, Nagpur and Nashik witnessed increase of 12.46, 17.60, 6.08 and 22.50 per cent, respectively. Amidst this buoyancy in property market, the insiders insist that high-end apartments have very few takers. However, this had not dampened the enthusiasm of developers who are coming with luxury apartment schemes with every passing day. The flat schemes coming on city outskirts for middle-class are sold like hot cake while those catering to niche segments require little prodding. The West High Court road deal which commanded a record Rs 16,500 per sq ft seems to have revived the sluggish realty market. Prime localities like Ramdaspeth area too had witnessed many record land deals with developers purchasing land at Rs 6,500/- to Rs 7,000/- per sq ft. A luxury flat scheme coming up in Ramdaspeth area was sold for Rs 1.80 crore per apartment. The scheme was fully booked before its formal launch. Similarly, Nagpur Vinkar Sut Girni land on Umrer Road was auctioned for Rs. 81.63 crore or close to Rs. 4 crore per acre by a leading infrastructure firm. A cursory look at the public notices published in city papers also reveals the hectic activity in Nagpur district, confirmed Adv. Nishad Virkhare, an expert in property transactions.
Despite a slump on Wardha Road following The Hitavada expose revealing massive irregularities in grant of No Objection Certificates, the property market is full of queries and developers and builders are now offering plots and flats with proper permissions from various authorities including Non Agriculture and Town Planning sanctioned plans popularly known as NA/TP. Out of 2.40 lakh property deal registrations in five leading cities of Maharashtra including Mumbai, Pune, Nashik, Thane and Nagpur during first quarter of 2008, the Orange City had witnessed 27,514. The authorities had banned registrations of plots and apartments situated in unauthorised layouts as well as registrations of plots part of irregular NA/TP permissions. According to figures available with Inspector General of Registration and Stamp Duty, Nagpur cityi had recorded 24,529 registrations during first quarter of 2006. It saw a 5.74 per cent rise the following year with 25,937 registrations. During first quarter of 2008 as many as 27,514 properties deals were registered recording 6.08 per cent growth. Till June 20, 2008, Nagpur city has recorded 30,156 registeries and mopped up stamp duty worth Rs 105 crore. Nagpur (Rural) too witnessed 21,019 registration from January 1, 2008, till June 20, and stamp duty worth Rs 28.73 crore was collected. During 2006-07 (April 1, 2006 to March 31, 2007) as many as 61,126 deals were registered and stamp duty worth Rs 163.69 crore was mopped up. In 2007-08 the city recorded 62,105 deals were recorded and stamp duty worth Rs 211.23 crore was collected. During second quarter of 2006 (April 1 to June 30, 2006) the city recorded 14029 deals while in the year 2007 the city recorded 16,106 deals. In the current year, the city recorded 5415 registrations in April, 5,041 registration in May and 2,833 registrations by June 20, 2008. The officials of Deputy Inspector General of Registration and Stamp Duty insists that it is a normal phenomenon. During second quarter of every year, very few property deals are registered and property market will bounce back in third quarter as usual, they pointed out. Moreover, if Nagpur city and rural areas are taken together as many as 51,175 deals have been registered, despite economic slow down, they opined. Nationally the realty market has taken a beating following mind-boggling land prices, inflationary pressure, escalation in construction cost, upward movement of interest rate, steep hike in ready recknor prices and apprehension about appreciation of investment. But somehow the Orange city which has been described as the most attractive destination amongst Tier II and III cities, has escaped the sluggish growth phenomenon. State-wide, 2,08,205 registrations were recorded during July-September 2007 while in October-December 2007 it was 2,17,743. The comparison of data for the first quarter in the last three years also reveals that registrations have gone up by 13.54 per cent in 2008 compared to 2007. Despite mind-boggling cost of property prices, the market witnessed a jump by 9.5 per cent as compared to January-March 2007 figures. According to sources in Inspector General of registration and stamp duty, the Maharashtra Government had collected a whopping Rs 2,267.42 crore from January to March in 2008 as compared to Rs 1,619.99 crore during the same period last year. This plainly means a cool increase of 40 per cent. During first quarter of 2006, the government had collected Rs 1,374 crore stamp duty from property registration. Rationalisation of property prices in the Ready Reckoner, a more realistic approach and intense scrutiny of the deals, had ensured a better duty collection, reveals a senior officer of the department. A leading developer also confirmed that due to mind-boggling rise in the property rates, the purchaser and seller had no option but to go in for registration and pay proper stamp duty to avoid legal complications in future. The trend of unregistered agreement to sale is a passe, revealed a property broker who pointed out most client insists proper registration of property documents to avail bank loan. City-wise comparison also confirms that property registrations are on an upswing. In Mumbai, the registrations increased by 8 per cent between January and March 2008 compared to corresponding period in 2007, while Thane, Pune, Nagpur and Nashik witnessed increase of 12.46, 17.60, 6.08 and 22.50 per cent, respectively. Amidst this buoyancy in property market, the insiders insist that high-end apartments have very few takers. However, this had not dampened the enthusiasm of developers who are coming with luxury apartment schemes with every passing day. The flat schemes coming on city outskirts for middle-class are sold like hot cake while those catering to niche segments require little prodding. The West High Court road deal which commanded a record Rs 16,500 per sq ft seems to have revived the sluggish realty market. Prime localities like Ramdaspeth area too had witnessed many record land deals with developers purchasing land at Rs 6,500/- to Rs 7,000/- per sq ft. A luxury flat scheme coming up in Ramdaspeth area was sold for Rs 1.80 crore per apartment. The scheme was fully booked before its formal launch. Similarly, Nagpur Vinkar Sut Girni land on Umrer Road was auctioned for Rs. 81.63 crore or close to Rs. 4 crore per acre by a leading infrastructure firm. A cursory look at the public notices published in city papers also reveals the hectic activity in Nagpur district, confirmed Adv. Nishad Virkhare, an expert in property transactions.
still paculation
Proving doomsday prophets wrong, the city realty market is showing no signs of slowdown. With every passing day, the demand for high-end housing is witnessing new highs. The new luxury apartment schemes are commanding record prices with a recent land deal fetching Rs 16,500 per sq ft price.
Despite a slump on Wardha Road following The Hitavada expose revealing massive irregularities in grant of No Objection Certificates, the property market is full of queries and developers and builders are now offering plots and flats with proper permissions from various authorities including Non Agriculture and Town Planning sanctioned plans popularly known as NA/TP. Out of 2.40 lakh property deal registrations in five leading cities of Maharashtra including Mumbai, Pune, Nashik, Thane and Nagpur during first quarter of 2008, the Orange City had witnessed 27,514. The authorities had banned registrations of plots and apartments situated in unauthorised layouts as well as registrations of plots part of irregular NA/TP permissions. According to figures available with Inspector General of Registration and Stamp Duty, Nagpur cityi had recorded 24,529 registrations during first quarter of 2006. It saw a 5.74 per cent rise the following year with 25,937 registrations. During first quarter of 2008 as many as 27,514 properties deals were registered recording 6.08 per cent growth. Till June 20, 2008, Nagpur city has recorded 30,156 registeries and mopped up stamp duty worth Rs 105 crore. Nagpur (Rural) too witnessed 21,019 registration from January 1, 2008, till June 20, and stamp duty worth Rs 28.73 crore was collected. During 2006-07 (April 1, 2006 to March 31, 2007) as many as 61,126 deals were registered and stamp duty worth Rs 163.69 crore was mopped up. In 2007-08 the city recorded 62,105 deals were recorded and stamp duty worth Rs 211.23 crore was collected. During second quarter of 2006 (April 1 to June 30, 2006) the city recorded 14029 deals while in the year 2007 the city recorded 16,106 deals. In the current year, the city recorded 5415 registrations in April, 5,041 registration in May and 2,833 registrations by June 20, 2008. The officials of Deputy Inspector General of Registration and Stamp Duty insists that it is a normal phenomenon. During second quarter of every year, very few property deals are registered and property market will bounce back in third quarter as usual, they pointed out. Moreover, if Nagpur city and rural areas are taken together as many as 51,175 deals have been registered, despite economic slow down, they opined. Nationally the realty market has taken a beating following mind-boggling land prices, inflationary pressure, escalation in construction cost, upward movement of interest rate, steep hike in ready recknor prices and apprehension about appreciation of investment. But somehow the Orange city which has been described as the most attractive destination amongst Tier II and III cities, has escaped the sluggish growth phenomenon. State-wide, 2,08,205 registrations were recorded during July-September 2007 while in October-December 2007 it was 2,17,743. The comparison of data for the first quarter in the last three years also reveals that registrations have gone up by 13.54 per cent in 2008 compared to 2007. Despite mind-boggling cost of property prices, the market witnessed a jump by 9.5 per cent as compared to January-March 2007 figures. According to sources in Inspector General of registration and stamp duty, the Maharashtra Government had collected a whopping Rs 2,267.42 crore from January to March in 2008 as compared to Rs 1,619.99 crore during the same period last year. This plainly means a cool increase of 40 per cent. During first quarter of 2006, the government had collected Rs 1,374 crore stamp duty from property registration. Rationalisation of property prices in the Ready Reckoner, a more realistic approach and intense scrutiny of the deals, had ensured a better duty collection, reveals a senior officer of the department. A leading developer also confirmed that due to mind-boggling rise in the property rates, the purchaser and seller had no option but to go in for registration and pay proper stamp duty to avoid legal complications in future. The trend of unregistered agreement to sale is a passe, revealed a property broker who pointed out most client insists proper registration of property documents to avail bank loan. City-wise comparison also confirms that property registrations are on an upswing. In Mumbai, the registrations increased by 8 per cent between January and March 2008 compared to corresponding period in 2007, while Thane, Pune, Nagpur and Nashik witnessed increase of 12.46, 17.60, 6.08 and 22.50 per cent, respectively. Amidst this buoyancy in property market, the insiders insist that high-end apartments have very few takers. However, this had not dampened the enthusiasm of developers who are coming with luxury apartment schemes with every passing day. The flat schemes coming on city outskirts for middle-class are sold like hot cake while those catering to niche segments require little prodding. The West High Court road deal which commanded a record Rs 16,500 per sq ft seems to have revived the sluggish realty market. Prime localities like Ramdaspeth area too had witnessed many record land deals with developers purchasing land at Rs 6,500/- to Rs 7,000/- per sq ft. A luxury flat scheme coming up in Ramdaspeth area was sold for Rs 1.80 crore per apartment. The scheme was fully booked before its formal launch. Similarly, Nagpur Vinkar Sut Girni land on Umrer Road was auctioned for Rs. 81.63 crore or close to Rs. 4 crore per acre by a leading infrastructure firm. A cursory look at the public notices published in city papers also reveals the hectic activity in Nagpur district, confirmed Adv. Nishad Virkhare, an expert in property transactions.
Despite a slump on Wardha Road following The Hitavada expose revealing massive irregularities in grant of No Objection Certificates, the property market is full of queries and developers and builders are now offering plots and flats with proper permissions from various authorities including Non Agriculture and Town Planning sanctioned plans popularly known as NA/TP. Out of 2.40 lakh property deal registrations in five leading cities of Maharashtra including Mumbai, Pune, Nashik, Thane and Nagpur during first quarter of 2008, the Orange City had witnessed 27,514. The authorities had banned registrations of plots and apartments situated in unauthorised layouts as well as registrations of plots part of irregular NA/TP permissions. According to figures available with Inspector General of Registration and Stamp Duty, Nagpur cityi had recorded 24,529 registrations during first quarter of 2006. It saw a 5.74 per cent rise the following year with 25,937 registrations. During first quarter of 2008 as many as 27,514 properties deals were registered recording 6.08 per cent growth. Till June 20, 2008, Nagpur city has recorded 30,156 registeries and mopped up stamp duty worth Rs 105 crore. Nagpur (Rural) too witnessed 21,019 registration from January 1, 2008, till June 20, and stamp duty worth Rs 28.73 crore was collected. During 2006-07 (April 1, 2006 to March 31, 2007) as many as 61,126 deals were registered and stamp duty worth Rs 163.69 crore was mopped up. In 2007-08 the city recorded 62,105 deals were recorded and stamp duty worth Rs 211.23 crore was collected. During second quarter of 2006 (April 1 to June 30, 2006) the city recorded 14029 deals while in the year 2007 the city recorded 16,106 deals. In the current year, the city recorded 5415 registrations in April, 5,041 registration in May and 2,833 registrations by June 20, 2008. The officials of Deputy Inspector General of Registration and Stamp Duty insists that it is a normal phenomenon. During second quarter of every year, very few property deals are registered and property market will bounce back in third quarter as usual, they pointed out. Moreover, if Nagpur city and rural areas are taken together as many as 51,175 deals have been registered, despite economic slow down, they opined. Nationally the realty market has taken a beating following mind-boggling land prices, inflationary pressure, escalation in construction cost, upward movement of interest rate, steep hike in ready recknor prices and apprehension about appreciation of investment. But somehow the Orange city which has been described as the most attractive destination amongst Tier II and III cities, has escaped the sluggish growth phenomenon. State-wide, 2,08,205 registrations were recorded during July-September 2007 while in October-December 2007 it was 2,17,743. The comparison of data for the first quarter in the last three years also reveals that registrations have gone up by 13.54 per cent in 2008 compared to 2007. Despite mind-boggling cost of property prices, the market witnessed a jump by 9.5 per cent as compared to January-March 2007 figures. According to sources in Inspector General of registration and stamp duty, the Maharashtra Government had collected a whopping Rs 2,267.42 crore from January to March in 2008 as compared to Rs 1,619.99 crore during the same period last year. This plainly means a cool increase of 40 per cent. During first quarter of 2006, the government had collected Rs 1,374 crore stamp duty from property registration. Rationalisation of property prices in the Ready Reckoner, a more realistic approach and intense scrutiny of the deals, had ensured a better duty collection, reveals a senior officer of the department. A leading developer also confirmed that due to mind-boggling rise in the property rates, the purchaser and seller had no option but to go in for registration and pay proper stamp duty to avoid legal complications in future. The trend of unregistered agreement to sale is a passe, revealed a property broker who pointed out most client insists proper registration of property documents to avail bank loan. City-wise comparison also confirms that property registrations are on an upswing. In Mumbai, the registrations increased by 8 per cent between January and March 2008 compared to corresponding period in 2007, while Thane, Pune, Nagpur and Nashik witnessed increase of 12.46, 17.60, 6.08 and 22.50 per cent, respectively. Amidst this buoyancy in property market, the insiders insist that high-end apartments have very few takers. However, this had not dampened the enthusiasm of developers who are coming with luxury apartment schemes with every passing day. The flat schemes coming on city outskirts for middle-class are sold like hot cake while those catering to niche segments require little prodding. The West High Court road deal which commanded a record Rs 16,500 per sq ft seems to have revived the sluggish realty market. Prime localities like Ramdaspeth area too had witnessed many record land deals with developers purchasing land at Rs 6,500/- to Rs 7,000/- per sq ft. A luxury flat scheme coming up in Ramdaspeth area was sold for Rs 1.80 crore per apartment. The scheme was fully booked before its formal launch. Similarly, Nagpur Vinkar Sut Girni land on Umrer Road was auctioned for Rs. 81.63 crore or close to Rs. 4 crore per acre by a leading infrastructure firm. A cursory look at the public notices published in city papers also reveals the hectic activity in Nagpur district, confirmed Adv. Nishad Virkhare, an expert in property transactions.
over 780 caror bisnuss
Now, the sanctioning of building plans, no objection certificates of fire department, octroi cess, licence fees for shops and establishment and land lease renewal fees will become dearer for the citizens. However, civic body has not proposed any hike in property tax and water charges.
Bharatiya Janata Party (BJP) led Nagpur Vikas Aghadi and Shiv Sena have proposed steep hike in these departments of Nagpur Municipal Corporation (NMC). Krishna Khopde, Chairman of Standing Committee presented the Civic budget at general body meeting on Thursday. He submitted a copy of the annual budget for the financial year 2008-09 to Mayor Maya Iwnate and Municipal Commissioner Aseem Gupta. Khopde has found out some new revenue sources to increase the income of the civic body. He has proposed to construct modernise hospitals on Build-Operate-Own-Transfer (BOOT) basis. The discussion on budget will be held on Saturday. Khopde has presented a budget of proposed income 7and estimated expenditure of Rs 784.73. As compared to last year, the budget has been increased by Rs 214.20 crore. Standing Committee has proposed the expected income of Rs 304 crore from Octroi cess, Rs 130 crore from property tax, Rs 110 from water supply charges, Rs 10 crore from market department. In comparision with last years income, the present estimated income is Rs 58 crore increase in Octroi, Rs 24 crore in Property Tax, Rs 47 crore in water supply charges and Rs 5 crore in market department. As far as expenditure is concerned, the civic body will spent Rs 149.56 crore in establishment, Rs 110.50 crore in proposed expenditure, Rs 50.26 crore in maintenance, Rs 15.82 crore in disbursement of loan. Civic body is spending Rs 374.15 crore on establishment and loan disbursement while Rs 275 crore on capital expenditure. The civic body has made an arrangement of Rs 70 crore for the projects sanctioned under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Khopde has proposed some new innovative schemes for the students of the civic schools and construction of new eye and paediatric hospitals for urban poor people.
Bharatiya Janata Party (BJP) led Nagpur Vikas Aghadi and Shiv Sena have proposed steep hike in these departments of Nagpur Municipal Corporation (NMC). Krishna Khopde, Chairman of Standing Committee presented the Civic budget at general body meeting on Thursday. He submitted a copy of the annual budget for the financial year 2008-09 to Mayor Maya Iwnate and Municipal Commissioner Aseem Gupta. Khopde has found out some new revenue sources to increase the income of the civic body. He has proposed to construct modernise hospitals on Build-Operate-Own-Transfer (BOOT) basis. The discussion on budget will be held on Saturday. Khopde has presented a budget of proposed income 7and estimated expenditure of Rs 784.73. As compared to last year, the budget has been increased by Rs 214.20 crore. Standing Committee has proposed the expected income of Rs 304 crore from Octroi cess, Rs 130 crore from property tax, Rs 110 from water supply charges, Rs 10 crore from market department. In comparision with last years income, the present estimated income is Rs 58 crore increase in Octroi, Rs 24 crore in Property Tax, Rs 47 crore in water supply charges and Rs 5 crore in market department. As far as expenditure is concerned, the civic body will spent Rs 149.56 crore in establishment, Rs 110.50 crore in proposed expenditure, Rs 50.26 crore in maintenance, Rs 15.82 crore in disbursement of loan. Civic body is spending Rs 374.15 crore on establishment and loan disbursement while Rs 275 crore on capital expenditure. The civic body has made an arrangement of Rs 70 crore for the projects sanctioned under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Khopde has proposed some new innovative schemes for the students of the civic schools and construction of new eye and paediatric hospitals for urban poor people.
bogus land dealers
Nagpur뭩 erstwhile royal family, the Bhonsles, who are seeing their family silver auctioned for a tax liability of just Rs 2 crore, may have lost land worth about Rs 500 crore to scamsters in the last few years. This might be revealed to be the biggest land scam of the region so far.
The Bhonsles have alleged that land worth a mind-boggling Rs 500 crore had changed hands on the basis of bogus No Objection Certificates (NOCs) issued by petty clerk Surendrakumar Mudholkar in connivance with greedy developers. Mudholkar was recently arrested for having opened a bogus bank account in preparation of siphoning off the auction money of Bhonsla wealth.The lands thus sold include a prime 20 acre patch situated on Wardha Road near Somalwada where such NOC was issued just 10 months ago. According to leading property dealers, this 8.92 lakh sq ft land can fetch around Rs 180 crore, even by a conservative rate of Rs 2000 per sq ft. Similarly, a piece of 70-acre land at Mankapur whose present cost is pegged at Rs 350 crore by realty market, was sold on the basis of bogus NOC issued by Mudholkar and officials of Court of Wards. A visibly angry Raje Raghuji Raje Bhonsle V, the legal heir of Senior Bhonsla Estate, lashed out at the Court of Wards for mismanaging the affairs of Bhonsla Estate and for issuing bogus NOCs, keeping the rightful owners in dark. 밒nstead of managing our property, officials of the Court of Wards had connived with the greedy developers and sold our precious lands,?a fuming Raje Raghuji told The Hitavada. Owners of 229 villages in Nagpur division and 1.43 lakh acre land, the Bhonsle family has been forced to run from pillar to post to get bare details of their own property even while an unholy nexus of developers-Court of Wards officials quietly disposed of their property, the royal family lamented. Some 15 years ago, 40 acre land at Sonegaon, was sold using similar modus operandi, he alleged. Questioning the veracity of NOCs and royal seals appeared on these NOCs, Raje Raghuji explained that all the stamps and royal seals were kept in safe custody of district treasury under double lock and room was sealed. Suspecting involvement of some 밷ig fish?and 뱕ery influential person,?Raje Bhonsle alleged complicity of officials and claimed that either duplicate keys were provided to Mudholkar by the 뱑eal master mind?or officials themselves misused the seals to grant NOCs to applicants. 밒ronically, nobody bothered to inform us about these transactions,?Bhonsle claimed. Who were the vendors and vendee? Where are the documents claiming ownership over property vested under Court of Wards? And just what mechanism was adopted to issue NOCs, Bhonsle asked while alleging foul play and demanded a CID inquiry to unearth this massive land scam. He is determined to expose the real beneficiaries who had earned hundreds of crores. Repeated complaints made right from District Collector, Divisional Commissioner up to Governor of Maharashtra, had failed to yield any tangible results. Court of Wards employees receive special honorarium for maintaining the property, but instead, they had merrily issued NOCs and destroyed our ancestral property, lamented scion of erstwhile royal family. Interestingly, the land covered under Court of Wards is exempted from the Tenancy Rights, Inam, Urban Land Ceiling and other land related laws, nor it can be mortgaged. Despite this, the scamsters had obtained NOCs, keeping rightful owners in dark and minted money, Bhonsle family lamented. In case of Somalwada land, the modus operandi was simple. According to Bhonsle, one Sudha Rana, who was not connected with family, was shown as their grandmother and on the basis of bogus authorisation letter the NOC was issued in a clandestine manner and the prime land changed hands without any consent from Bhonsle family. Is Mudholkar the real king-pin? Though Surendra Purushottam Mudholkar has emerged as the king-pin of entire land scam, Bhonsle family believes that some influential person is masterminding the operation land grab. According to royal family sources, Shalini Ghadge nee Nirmalaraje Bhonsle was their paternal aunt. She died in 1983. Mrs Shuddhalwar was appointed as Curator to manage estate of Shalini Ghadge and Mudholkar was appointed as her clerk. Mudholkar뭩 father too was associated with Court of Wards and hence Surendra was unofficially entrusted to look after the affairs of entire Court of Wards. Builders interested in grabbing the land apparently connived with Mudholkar and other staffers of Court of Wards and obtained NOCs and took possession of Bhonsle property, the royal family has alleged. At Bhamti Parsodi the land given for agricultural purpose was transferred in the name of tenants. The record was changed and name of Bhonsle was replaced, of course without informing them. This could be done because Mudholkar was supremely confident of the support he had from a very strong political lobby that favoured a group of real estate developers whose tentacles have gone far and wide and deep in Vidarbha and neighouring states. This political lobby also has influence in many places in the country with possible links with some infrastructure development agencies operating outside the country. The erstwhile Royal Bhonsle family led by Appasaheb Bhonsle had fought battle of Sitabuldi in 1817 against Britishers and lost, the last princely to fall to the alien invaders. The British confiscated entire property belonging to Bhonsles and later applying doctrine of lapse took over the kingdom in 1853. In 1890, the Britishers appointed Court of Wards to look after property of Raje Raghuji (Fourth) on behalf of his sons Fattesingh and Jaisingh. The family was divided into Senior Bhonsle and Junior Bhonsle in 1899. Raje Raghujirao Bhonsle V and Raje Mudhojirao Bhonsle are legal heirs of Senior Bhonsle estate and are sons of Raje Ajitsingh Rao and grandsons of Raje Fatesingh Rao. Late Raje Tejsinghrao Bhonsle and Maharani Chitralekha Raje Bhonsle, who were Members of Parliament from Ramtek, belonged to Junior Bhonsle and heirs of Raje Laxmanrao.
The Bhonsles have alleged that land worth a mind-boggling Rs 500 crore had changed hands on the basis of bogus No Objection Certificates (NOCs) issued by petty clerk Surendrakumar Mudholkar in connivance with greedy developers. Mudholkar was recently arrested for having opened a bogus bank account in preparation of siphoning off the auction money of Bhonsla wealth.The lands thus sold include a prime 20 acre patch situated on Wardha Road near Somalwada where such NOC was issued just 10 months ago. According to leading property dealers, this 8.92 lakh sq ft land can fetch around Rs 180 crore, even by a conservative rate of Rs 2000 per sq ft. Similarly, a piece of 70-acre land at Mankapur whose present cost is pegged at Rs 350 crore by realty market, was sold on the basis of bogus NOC issued by Mudholkar and officials of Court of Wards. A visibly angry Raje Raghuji Raje Bhonsle V, the legal heir of Senior Bhonsla Estate, lashed out at the Court of Wards for mismanaging the affairs of Bhonsla Estate and for issuing bogus NOCs, keeping the rightful owners in dark. 밒nstead of managing our property, officials of the Court of Wards had connived with the greedy developers and sold our precious lands,?a fuming Raje Raghuji told The Hitavada. Owners of 229 villages in Nagpur division and 1.43 lakh acre land, the Bhonsle family has been forced to run from pillar to post to get bare details of their own property even while an unholy nexus of developers-Court of Wards officials quietly disposed of their property, the royal family lamented. Some 15 years ago, 40 acre land at Sonegaon, was sold using similar modus operandi, he alleged. Questioning the veracity of NOCs and royal seals appeared on these NOCs, Raje Raghuji explained that all the stamps and royal seals were kept in safe custody of district treasury under double lock and room was sealed. Suspecting involvement of some 밷ig fish?and 뱕ery influential person,?Raje Bhonsle alleged complicity of officials and claimed that either duplicate keys were provided to Mudholkar by the 뱑eal master mind?or officials themselves misused the seals to grant NOCs to applicants. 밒ronically, nobody bothered to inform us about these transactions,?Bhonsle claimed. Who were the vendors and vendee? Where are the documents claiming ownership over property vested under Court of Wards? And just what mechanism was adopted to issue NOCs, Bhonsle asked while alleging foul play and demanded a CID inquiry to unearth this massive land scam. He is determined to expose the real beneficiaries who had earned hundreds of crores. Repeated complaints made right from District Collector, Divisional Commissioner up to Governor of Maharashtra, had failed to yield any tangible results. Court of Wards employees receive special honorarium for maintaining the property, but instead, they had merrily issued NOCs and destroyed our ancestral property, lamented scion of erstwhile royal family. Interestingly, the land covered under Court of Wards is exempted from the Tenancy Rights, Inam, Urban Land Ceiling and other land related laws, nor it can be mortgaged. Despite this, the scamsters had obtained NOCs, keeping rightful owners in dark and minted money, Bhonsle family lamented. In case of Somalwada land, the modus operandi was simple. According to Bhonsle, one Sudha Rana, who was not connected with family, was shown as their grandmother and on the basis of bogus authorisation letter the NOC was issued in a clandestine manner and the prime land changed hands without any consent from Bhonsle family. Is Mudholkar the real king-pin? Though Surendra Purushottam Mudholkar has emerged as the king-pin of entire land scam, Bhonsle family believes that some influential person is masterminding the operation land grab. According to royal family sources, Shalini Ghadge nee Nirmalaraje Bhonsle was their paternal aunt. She died in 1983. Mrs Shuddhalwar was appointed as Curator to manage estate of Shalini Ghadge and Mudholkar was appointed as her clerk. Mudholkar뭩 father too was associated with Court of Wards and hence Surendra was unofficially entrusted to look after the affairs of entire Court of Wards. Builders interested in grabbing the land apparently connived with Mudholkar and other staffers of Court of Wards and obtained NOCs and took possession of Bhonsle property, the royal family has alleged. At Bhamti Parsodi the land given for agricultural purpose was transferred in the name of tenants. The record was changed and name of Bhonsle was replaced, of course without informing them. This could be done because Mudholkar was supremely confident of the support he had from a very strong political lobby that favoured a group of real estate developers whose tentacles have gone far and wide and deep in Vidarbha and neighouring states. This political lobby also has influence in many places in the country with possible links with some infrastructure development agencies operating outside the country. The erstwhile Royal Bhonsle family led by Appasaheb Bhonsle had fought battle of Sitabuldi in 1817 against Britishers and lost, the last princely to fall to the alien invaders. The British confiscated entire property belonging to Bhonsles and later applying doctrine of lapse took over the kingdom in 1853. In 1890, the Britishers appointed Court of Wards to look after property of Raje Raghuji (Fourth) on behalf of his sons Fattesingh and Jaisingh. The family was divided into Senior Bhonsle and Junior Bhonsle in 1899. Raje Raghujirao Bhonsle V and Raje Mudhojirao Bhonsle are legal heirs of Senior Bhonsle estate and are sons of Raje Ajitsingh Rao and grandsons of Raje Fatesingh Rao. Late Raje Tejsinghrao Bhonsle and Maharani Chitralekha Raje Bhonsle, who were Members of Parliament from Ramtek, belonged to Junior Bhonsle and heirs of Raje Laxmanrao.
daily flight
At a time when air turbine fuel (ATF) costs are rising, leading to higher fares and poorer load factor on most sectors, JetLite has brought some cheer to Dr Babasaheb Ambedkar International Airport. The private air carrier has plans to start operations on the Dubai route from Nagpur from October.
Jet Airways, which operates JetLite, and offers domestic flights on Mumbai and Delhi route is planning to launch the daily operations to Dubai from Dr Babasaheb Ambedkar International Airport during winter schedule this year.
Recently, Jet Airways had discontinued its evening flight to Mumbai while JetLite discontinued flights to Delhi.
At that time Jet had said it would introduce flights on the Nagpur-Pune sector six days in a week, except Saturdays, from August 1. The Dubai flights would start from October as the airline is busy planning timings and slots at airports.
Jet Airways, which operates JetLite, and offers domestic flights on Mumbai and Delhi route is planning to launch the daily operations to Dubai from Dr Babasaheb Ambedkar International Airport during winter schedule this year.
Recently, Jet Airways had discontinued its evening flight to Mumbai while JetLite discontinued flights to Delhi.
At that time Jet had said it would introduce flights on the Nagpur-Pune sector six days in a week, except Saturdays, from August 1. The Dubai flights would start from October as the airline is busy planning timings and slots at airports.
Inflation
Inflation is up and so is the number of crorepatis in Orange City. From just a handful about ten years ago, the figure has now grown to 438. The rise is not only phenomenal but startling too.
And if the statistics is anything to go by, the city has outpaced other metros in terms of rise in number of billionaires. It stands sixth in terms of crorepatis in the country. Interestingly, Nagpur is being considered as the second-fastest developing city after Chandigarh.
Though the figure may look paltry when compared to Delhi’s 5,085 or Mumbai’s 4,439 crorepatis, the rise in these metros has been not as meteoric as is the case with Nagpur.
Who has not heard of the famous Crorepati Galli in the Civil Lines area? It houses over a dozen crorepatis, including the Sharmas of Baidyanath and Pendharkars of Vicco group. Now crorepatis are sprouting in other areas of the city too.
The billionaire figure shows how the city has been changing fast and is an emerging business destination. More importantly, the city has the highest growth rate of millionaires in India. In 2002, there were 10, 417 households with an annual in-come of over Rs 10 lakh in Nagpur as against 1,199 in 1996. This translates into a 770% growth in merely six years.
In comparison, the number of millionaires has only doubled in New Delhi in the same period. According to the National Council of Applied Economic Research (NCAER), Mumbai (319%) and Delhi (274%) were the third and second slowest, respectively, in terms of growth of crorepatis among the ten major metros.
Pradip Ganguly, a city planner and divisional engineer of Nagpur Improvement Trust says, “The city is very peaceful, where extortion, kidnapping and threat from mafia are rare. It also enjoys a good location, infrastructure and quality life, better healthcare and good education, drawing several businessmen from Orissa and neighbouring Chhattisgarh and Madhya Pradesh to set up their businessess.”
‘Devpt changingcrorepati demographics’
Prosun Chakraborty tnn
NAGPUR: The setting up of the international airport, and the planned cargo hub and Boeing unit at Nagpur have changed the demographic of the city dramatically. Also, the city has grown two-fold in the last five years, says Pravin Ganguly, city planner and divisional engineer of Nagpur Improvement Trust.
This has led to tremendous hike in the real estate in the city and the neighbouring areas too. Besides its logistical importance, the city provides good quality life, better infrastructure, uninterrupted water supply, wide roads, better educational scope and good health care.
N Kumar of N Kumar Group, one of the crorepaties, agrees that the city is developing very fast. However, according to him, the crorepatis have been increasing because of rise in prices of properties in the city. “A property worth around Rs 10 lakh in Nagpur a few years ago is at least a crore of rupees now,” said Kumar.
One crorepati, who shifted from Raipur a few years ago, feels that Nagpur is the future city of central India.
“Facilities apart, the city has an advantage of providing skilled and technical personnel which industrialists and businessmen often do not get in other parts in neighbouring states,” he added. “Despite all these advantages, successive state governments have ignored the city.”
And if the statistics is anything to go by, the city has outpaced other metros in terms of rise in number of billionaires. It stands sixth in terms of crorepatis in the country. Interestingly, Nagpur is being considered as the second-fastest developing city after Chandigarh.
Though the figure may look paltry when compared to Delhi’s 5,085 or Mumbai’s 4,439 crorepatis, the rise in these metros has been not as meteoric as is the case with Nagpur.
Who has not heard of the famous Crorepati Galli in the Civil Lines area? It houses over a dozen crorepatis, including the Sharmas of Baidyanath and Pendharkars of Vicco group. Now crorepatis are sprouting in other areas of the city too.
The billionaire figure shows how the city has been changing fast and is an emerging business destination. More importantly, the city has the highest growth rate of millionaires in India. In 2002, there were 10, 417 households with an annual in-come of over Rs 10 lakh in Nagpur as against 1,199 in 1996. This translates into a 770% growth in merely six years.
In comparison, the number of millionaires has only doubled in New Delhi in the same period. According to the National Council of Applied Economic Research (NCAER), Mumbai (319%) and Delhi (274%) were the third and second slowest, respectively, in terms of growth of crorepatis among the ten major metros.
Pradip Ganguly, a city planner and divisional engineer of Nagpur Improvement Trust says, “The city is very peaceful, where extortion, kidnapping and threat from mafia are rare. It also enjoys a good location, infrastructure and quality life, better healthcare and good education, drawing several businessmen from Orissa and neighbouring Chhattisgarh and Madhya Pradesh to set up their businessess.”
‘Devpt changingcrorepati demographics’
Prosun Chakraborty tnn
NAGPUR: The setting up of the international airport, and the planned cargo hub and Boeing unit at Nagpur have changed the demographic of the city dramatically. Also, the city has grown two-fold in the last five years, says Pravin Ganguly, city planner and divisional engineer of Nagpur Improvement Trust.
This has led to tremendous hike in the real estate in the city and the neighbouring areas too. Besides its logistical importance, the city provides good quality life, better infrastructure, uninterrupted water supply, wide roads, better educational scope and good health care.
N Kumar of N Kumar Group, one of the crorepaties, agrees that the city is developing very fast. However, according to him, the crorepatis have been increasing because of rise in prices of properties in the city. “A property worth around Rs 10 lakh in Nagpur a few years ago is at least a crore of rupees now,” said Kumar.
One crorepati, who shifted from Raipur a few years ago, feels that Nagpur is the future city of central India.
“Facilities apart, the city has an advantage of providing skilled and technical personnel which industrialists and businessmen often do not get in other parts in neighbouring states,” he added. “Despite all these advantages, successive state governments have ignored the city.”
Nagpur Improvement Trust
Nagpur Improvement Trust (NIT) has submitted a Rs 1,400 crore city improvement plan (CIP) to the central government under Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
NIT chairman Dr Sanjay Mukherjee said that the plan has been submitted through Nagpur Municipal Corporation (NMC) as NIT has not signed a tripartite agreement with the state and central governments which is mandatory for availing JNNURM funds. NMC had signed this agreement in 2005.
Mukherjee said that 40% of the city area within municipal limits, including the regularised unauthorised layouts, is under the jurisdiction of NIT. With growing population and ageing infrastructure the civic facilities need an upgradation.
Proposals under seven heads worth Rs 1,402.60 crore have been submitted under JNNURM. These seven heads are: water supply, sewerage, storm water drains, roads, street lighting, amenities (like parking, assembly halls and open spaces) and slum development under BSUP. The projects are spread over a period of four years from 2008 to 2011.
The share of NIT in these projects would be Rs 415.68 crore. The Central share would be Rs 643.56 crore while that of the state government would be Rs 279.66 crore. Parking lots and assembly halls would be developed through public-private partnership basis.
Mukherjee feels that NIT can afford to spend Rs 415 crore in four years for JNNURM works. He further said that in the first year, that is 2008, NIT plans to spend a total of Rs 322.90 crore for undertaking various projects under the programme.
The chairman said that tenders worth Rs 34 crore have been invited for integrated slum infrastructure development under BSUP. Work orders worth Rs 26.55 crore have been issued while those worth Rs 7 crore have been completed. Detailed project reports of the other projects are being prepared.
Commenting on the stalled Mayo modernisation project, Mukherjee said that NIT was awaiting the decision of the high-powered committee constituted by the state government.
Some issues remain to be resolved. NIT wants 6.25 acre of Medical Education and Drugs Department (MEDD) land at Ajni. But the latter is ready to give only 5 acres. Even the possession of these five acres has not been given to NIT.
NIT chairman Dr Sanjay Mukherjee said that the plan has been submitted through Nagpur Municipal Corporation (NMC) as NIT has not signed a tripartite agreement with the state and central governments which is mandatory for availing JNNURM funds. NMC had signed this agreement in 2005.
Mukherjee said that 40% of the city area within municipal limits, including the regularised unauthorised layouts, is under the jurisdiction of NIT. With growing population and ageing infrastructure the civic facilities need an upgradation.
Proposals under seven heads worth Rs 1,402.60 crore have been submitted under JNNURM. These seven heads are: water supply, sewerage, storm water drains, roads, street lighting, amenities (like parking, assembly halls and open spaces) and slum development under BSUP. The projects are spread over a period of four years from 2008 to 2011.
The share of NIT in these projects would be Rs 415.68 crore. The Central share would be Rs 643.56 crore while that of the state government would be Rs 279.66 crore. Parking lots and assembly halls would be developed through public-private partnership basis.
Mukherjee feels that NIT can afford to spend Rs 415 crore in four years for JNNURM works. He further said that in the first year, that is 2008, NIT plans to spend a total of Rs 322.90 crore for undertaking various projects under the programme.
The chairman said that tenders worth Rs 34 crore have been invited for integrated slum infrastructure development under BSUP. Work orders worth Rs 26.55 crore have been issued while those worth Rs 7 crore have been completed. Detailed project reports of the other projects are being prepared.
Commenting on the stalled Mayo modernisation project, Mukherjee said that NIT was awaiting the decision of the high-powered committee constituted by the state government.
Some issues remain to be resolved. NIT wants 6.25 acre of Medical Education and Drugs Department (MEDD) land at Ajni. But the latter is ready to give only 5 acres. Even the possession of these five acres has not been given to NIT.
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