New Town to get country's biggest convention centre
Friday, 10 August 2012 09:41
administrator
The Times of India 10.08.2012
New Town to get country's biggest convention centre
KOLKATA: The city will soon get two Science City-like convention
centers, one in Rajarhat New Town and the other in Alipore. The New Town
centre will be one of the biggest in the country, chief minister Mamata Banerjee said at a programme in Rajarhat on Tuesday. The Housing Infrastructure Development Corporation
(Hidco) has chalked out the artistic impression for the New Town
project, which will have a seating capacity of about 6,000-odd people.
The centre will come up on a 10-acre plot in Rajarhat's Action Area II.
According to plans, there will be a plenary hall and two other halls
along with adjustable seating arrangements. The convention centre will
also have a business and media centre, a documentation hall and a
studio. Besides, it will have other support facilities like a VIP
lounge, a guest house, a library and a cafeteria along with a parking
area for about 1,000 cars. "The centre will be one of the
biggest in the country. We have just started working on the project
plan. We will discuss the project in detail at our next board meeting,"
said Hidco chairman-cum-managing director Debashis Sen. The project cost
and other details will be worked out soon. The second centre, much smaller but equally attractive, will come up at Alipore as the Dhana Dhanya cultural complex. The state government
has decided to set up this centre to commemorate Dwijendralal Roy's
150th birth anniversary this year. A 3-acre plot has been identified
beside the South 24-Parganas district magistrate's bungalow. An
auditorium on the lines of Science City
will be set up in it. There will also be proper parking lots. The
government is chalking out a detailed plan on the auditorium's seating
capacity and its architectural design. Both centers will be
commercially used for social and cultural programmes. The convention
centre in Rajarhat will be used for international seminars and
conferences. At present, the convention centre inside the
Science City complex has a grand theatre hall with a seating capacity of
2,232. The one at Rabindrasadan has a seating capacity for 1,101
spectator.
Last Updated on Friday, 10 August 2012 09:44
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Urban Development and Housing Department to invite suggestions on draft of 'Apartment Act'
Friday, 10 August 2012 09:38
administrator
The Times of India 09.08.2012
Urban Development and Housing Department to invite suggestions on draft of 'Apartment Act' JAIPUR: The urban
development and housing department will invite suggestions from
residents on the draft of the 'Apartment Act' formulated to safeguard
interests of buyers and developers.
With the mushrooming of
residential high-rises and apartments in every nook and corner of the
city, the state government is working to prepare a new policy.Chief town planner, N K Khare, said, "The draft of the bill will be
provided online to seek suggestions from residents, for whom the policy
is being planned."
Officials said builders' association too can provide suggestion."The useful suggestions will be incorporated in the draft after a
meeting with the department officials. It will be sent to the cabinet
for approval," an official said.
As the state does not have any
policy to protect the rights of buyers and developers of apartments,
the department has planned to draft a policy. The act will also ensure
that their grievances don't go unheard. The legislation comes at the
backdrop of nearly 20,000 apartments under construction in the state
capital itself.
"Paucity of space is leading to growing
popularity of flat culture in cities. We will conduct a study of flat
ownership laws of other states like Delhi, Maharashtra and Haryana where
the flat system is prevalent. This will help us deduce what will work
best in Rajasthan. The law will safeguard the interests of purchaser and
develop a system to address their grievances," the official said.
The state government drafted the bill in 2009 and after an approval
from the cabinet referred it to the Centre. The Centre made certain
observations and sent the bill draft to the state government to make the
necessary amendments.
"We received the file a few months ago, and will work on the suggestions," the official said.Developers have welcomed the state's decision to frame a law to protect
the interests of those concerned with buying and selling of flats.
"There is an urgent need for laws and regulations to check
malpractices," said an official who works with a leading developer in
the state.The bill proposes that those staying in an apartment
cannot make external changes or undertake any construction that can
make it dangerous to live in the building. It also says that it is
mandatory for the developer to monitor the daily maintenance of the
apartment/s.
Last Updated on Friday, 10 August 2012 09:41
Mumbai’s biggest slum redevelopment plan gets going
Friday, 10 August 2012 08:56
administrator
The Times of India 10.08.2012
Mumbai’s biggest slum redevelopment plan gets going
MUMBAI: The largest slum redevelopment scheme in Mumbai—and possibly in India—is underway in the island city. Omkar Realty
and Developers Pvt Ltd has tied up with Larsen and Toubro Realty, a
subsidiary of L&T, to develop a Rs 7,000 crore-plus residential
project spread over a 17-acre slum sprawl in Bhoiwada, Parel.
L&T, which is the majority partner, will design, construct and
market the high-end luxury apartments with Omkar. The project will have
1,200 apartments spread over 3 million square feet in six towers, each
40-60 floors tall. Flats in this area are currently quoted at
approximately Rs 15,000 a sq ft. Omkar, which bagged the slum
project, will rehabilitate slum dwellers residing in about 4,000
shanties free of cost in 269 sq ft (carpet area) flats in nine to ten
buildings of 23 floors. With a floor space index of over 3 available in
slum schemes, the plot has a developable space of over 5 million sq ft. Under the slum redevelopment scheme, a developer can use the balance area to construct buildings to sell in the open market.
S D Corporation, a joint venture company of hotelier Dilip Thakkar and
construction major Shapooji Pallonji, had eight years ago undertaken a
slum scheme spread across 13 acres. The developer has constructed two
60-storey luxury towers, The Imperial, from the free sale component.
In the Bhoiwada project, one million sq ft will be used for
rehabilitation while the balance area will be used for free sale by the
two companies. Babulal Varma, managing director of Omkar,
confirmed the joint venture but refused to elaborate on the revenue
sharing agreement. Shrikant Varma, managing director of L&T Realty,
refused to comment on the first venture by the company in the Mumbai
property market. The JV was signed recently after almost a year of
negotiations. Sources close to the development say L&T has invested around Rs 500 crore in the Parel project.
Incidentally, L&T is also the contractor appointed by Omkar to
construct slum rehab buildings at Bhoiwada. The construction agreement
worth Rs 174 crore was signed in 2011. The construction major, for the
first time, is using pre-cast technology normally used for
ground-plus-three-level structures to construct high-rise buildings of
23 floors. Omkar has bagged rights to redevelop 10,000 hutments
spread across 20 acres in Malad. The company has raised a debt of about
Rs 2,000 crore to finance construction of almost 5.5 million sq ft at
its Worli and Malad project.
Last Updated on Friday, 10 August 2012 09:02
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