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VUDA auctions 63 plots, nets Rs.24.82 crore

Monday, 21 October 2013 05:24 administrator
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The Hindu             21.10.2013

VUDA auctions 63 plots, nets Rs.24.82 crore

Staff Reporter

A plot in Cyber Valley layout fetches Rs.24,537 per square yard

Auction conducted by VUDA for allotment of plots in 15 layouts concluded on Sunday. VUDA netted revenue of Rs.24.82 crore by allotment of 63 plots in and around Visakhapatnam and Vizianagaram.

The highest price of Rs.24,537 per square yard was received for plot No.65 in Cyber Valley layout in the two-day auction. On the first day, 25 plots went under the hammer generating revenue of Rs.9.35 crore.

There was good response for plots in Madhurawada and Narava joint venture layouts in the two-day auction at Swarna Bharati Indoor Stadium.

Plots in the Madhurawada area went for an average of Rs.18,000 per square yard and those in Narava joint venture layout and at Vizianagaram received the highest price of Rs.7,050 and Rs.9,700 respectively.

VUDA Vice-Chairman N. Yuvaraj introduced measures to ensure genuine participation by tightening the auction norms. The auction procedure was also made transparent.

Dr. Yuvaraj personally supervised the auction proceedings at every level to make the process smooth and simple.

A notification would be issued next month for allotment of leftover plots, he said.

VUDA Secretary G.C. Kishore Kumar conducted the auction as Auction Officer supported by Chief Engineer I. Viswanatha Rao, Chief Accounts Officer D. Vijaya Bharathi, and in-charge DFO V. Bhavani Shankar. Executive Engineer M. Balarama Raju and manager Subhadra Devi attended.

Enabling the applicants to avail themselves of banking services, the VUDA branch of Indian Overseas Bank arranged a special counter on both days and under the supervision of senior branch manager S. Hanumantha Rao.

 

63 prime plots to be auctioned in South Delhi

Sunday, 20 October 2013 00:00 administrator
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The Indian Express            20.10.2013

63 prime plots to be auctioned in South Delhi

The Delhi Development Authority (DDA) is going to auction 63 residential plots on freehold basis in prime locations such as East of Kailash, Pitampura and Dwarka from November 20 to 22. The highest reserve price of Rs 16.7 crore is for a 334 sqm plot in Friends Colony, followed by Rs 15.7 crore for a 357.75-sqm corner plot in Janakpuri. Both these plots will be auctioned on November 20.

"Reserve price of corner plots or plots located on 24-m road and above is 10 per cent higher than the reserve price of normal plots. There are many corner plots for sale this time," a DDA official said.

The land agency said many of the plots have irregular shapes, which may affect their sale.

"One of the largest plots is located in Dwarka Sector-17, Pocket-B-3. While it is a corner plot, it has an odd size and, therefore, the reserve price is Rs 11 crore for 362.79 sqm. There are two plots measuring 107.5 sqm each in East of Kailash, with a reserve price of Rs 5.37 crore that will come up for auction on November 21," an official said.

The most number of plots for sale are in Dwarka Sector-17, followed by Pitampura. "The sale of brochures will start from October 28, on payment of Rs 525. Any citizen of India, public sector banks, NRIs and persons of Indian origin can participate in the auction," the official said.

After nearly a year, over 50 commercial plots, six multi-level parking lots and two banquet halls had also been put up for auction recently.

Meanwhile, the land agency had also carried out auction of 38 residential plots in March.

The auction had received a lukewarm response.

"Of the 11 plots put up for bidding on the first day, bids were received only for four," a DDA official said. Those plots were located in Rohini, Dwarka, Pitampura, Paschim Vihar and Vivek Vihar Phase-II.

Last Updated on Monday, 21 October 2013 08:19
 

Brihanmumbai Municipal Corporation seeks FSI of 4 to revamp staff quarters

Tuesday, 15 October 2013 12:02 administrator
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The Times of India          15.10.2013

Brihanmumbai Municipal Corporation seeks FSI of 4 to revamp staff quarters

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) will write to the state government asking for a floor space index (FSI) of 4 for the redevelopment of dilapidated conservancy staff quarters.

There are over 100 staff quarters housing more than 6,500 people. Almost all of them have outlived their life span and need to be reconstructed.

The BMC plans to redevelop 39 such dilapidated buildings in the first phase of the 'Ashray Yojana' project. Of the 39, the BMC has approved six building plans, tenders for which will be called soon. The six buildings are located in the island city. Civic officials say that once the buildings are redeveloped, the employees will get an area of 300 sq ft. Currently they are living in a 100-sq ft house.

"We will go ahead with the construction keeping in mind an FSI of 4, but will only build what is permissible, according to the current rule. Once the government gives a go ahead, we will consume the balance FSI," said additional municipal commissioner, Mohan Adtani.

The BMC has been facing a tough time vacating these dilapidated building against the wishes of the occupants.

Another problem is that the civic body doesn't have enough transit camps to accommodate these residents.

BMC officials say that they will first start constructing transit camps near these six buildings, which will be taken up for redevelopment.

Once the new buildings are ready, they can be used to accommodate people from other buildings which will be redeveloped subsequently. BMC has over 18,000 conservancy staff of which only 6,600 live in quarters. The redevelopment will be able to create more homes to accommodate the remaining staff.

Initially BMC wanted to develop these buildings through public-private partnership, but the plan didn't materialize. Now it wants to execute the plan on its own.

 
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