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Survey for land acquisition for Coimbatore metro project to begin soon

The survey for land acquisition for the Coimbatore Metro Rail project will commence shortly, said Coimbatore Corporation Commissioner M Sivaguru Prabakaran after a coordination meeting held on Monday with representatives from Chennai Metro Rail Limited (CMRL), the National Highways Department, TNEB, the Local Planning Authority, and the Survey Department. The meeting focused on land acquisition, station locations, and route alignment. CMRL plans to establish its project office within the corporation office campus. Officials are also considering a suitable location on Dr Nanjappa Road. The commissioner said they requested CMRL officials be deputed for the project in Coimbatore. This move will ensure better coordination between deparments. The corporation has asked CMRL to bear the cost of the survey for land acquisition. "CMRL will deposit the required amount with the corporation. Once the funds are received, we will conduct the survey. The survey will involve mapping the land, identifying utilities, and planning for utility relocation. After the survey, officials will determine the land required for the project. CMRL officials inspected the Gandhipuram and Ukkadam bus stands on Monday. The inspection covered areas along the proposed metro rail route. CMRL plans to acquire land along Avinashi Road and the Coimbatore-Sathyamangalam Road in March. This acquisition is part of the first phase of the metro rail project. The metro rail track in this phase will cover a total length of 34.8km. The first phase includes two corridors. Corridor-I will connect Ukkadam Bus Stand to Neelambur Integrated Station via the airport, covering 20.4km. Corridor-II will link Coimbatore Railway Junction to Valiyampalayam Pirivu, spanning 14.4km.
 

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Over 100 maps forged to legalize coast properties in Mumbai SIT

A special investigation team (SIT) formed following a Bombay high court order has said it has unearthed a land scam involving large-scale tampering of property records to convert Coastal Regulation Zone (CRZ) and No Development Zone (NDZ) lands into developable plots along the Mumbai coastline. Four people including two former govt employees were arrested last week for the scam linked to at least 102 property maps along the coast. In all, 18 govt staff from BMC and land records section have been summoned for questioning. The scam allegedly involves estate agents, govt staff and contractors who altered land records in Marve, Madh Island, Versova and other ecologically sensitive spots. The manipulation was first flagged by a farmer from Erangal in Malad, Vaibhav Thakur, who owns ancestral farm land. He had an FIR registered at Goregaon police station in 2021 against illegal constructions on his plot and adjoining lands. Thakur found that govt records had been forged to classify CRZ and NDZ plots as developable zones. However, authorities including BMC and Goregaon police failed to make much headway. Subsequently, deputy superintendent of land records Nitin Salunkhe lodged another FIR in 2021. He said maps and documents were forged between 2012 and 2020 to regularise illegal constructions in eco-sensitive zones. They were booked for forging records in connivance with officers from BMC and the Land Records Department. "Illegal construction on CRZ and NDZ lands have severely impacted ecological balance and caused huge revenue loss. A total of 18 officials from BMC and Land Records election process investigations were delayed,'' said a senior police official.

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Tamil Nadu standardizes fee for self certification of residential buildings

 Tamil Nadu has introduced a standardised fee structure for self-certification of residential buildings, addressing long-standing concerns about inconsistent charges across administrative zones. This follows introduction of a self-certification plan for smaller residential projects by the govt. In July, the govt unveiled a self-certification-based building plan approval system aimed at reducing procedural hurdles for constructing smaller residential buildings. This applies to single or double-story residential buildings with a built-up area of up to 3,500 sq ft on plots not exceeding 2,500 sq ft. Department issued a Govt Order (GO) rationalising building plan approval fees under a single category for various types of developments. The new framework classifies buildings in village panchayats into four groups based on their location and proximity to urban areas. For residential buildings in the self-certification category, peri-urban villages within CMDA limits, numbering 78, are charged 27 per sq ft. Peri-urban village panchayats, comprising 612 villages, have a rate of 25 per sq ft. Village panchayats within CMDA limits, which total 44, are charged 22 per sq ft. The remaining 11,791 village panchayats, forming the largest group, have a rate of 15 per sq ft. For commercial buildings, it's 32, 30, 26 and 18 per sq ft for the respective categories and for industrial buildings it's 43, 40, 35 and 24 per sq ft. Employment and Conditions of Work) Act, 1982, and the Tamil Nadu Manual Workers Constrction Workers Welfare Scheme. The govt has also asked executive authority of village panchayats to fix layout approval fees through resolutions passed, aimed at bringing clarity and uniformity to the building permit process. For residential buildings in the self-certification category, peri-urban villages within CMDA limits, numbering 78, are charged 27 per sq ft. Peri-urban village panchayats, comprising 612 villages,  have a rate of 25 per sq ft. Village panchayats within CMDA limits, which total 44, are charged 22 per sq ft. The remaining 11,791 village panchayats, forming the largest group, have a rate of 15 per sq ft. Now this fee under single head can help residents apply for building permission and get instant approval," S Ramprabhu, chairman, DTCP committee, Builders Association of India.
 

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Chennai development body to e-auction plots along Outer Ring Road in January

Chennai Metropolitan Development Authority has announced e-auctioning of plots along Chennai Outer Ring Road in Jan, marking a step forward in transforming the 62-km corridor into a thriving eeconomic zone. Nearly 80% of work on the Master Plan for CORP is complete, say CMDA officials. CMDA aims to develop CORP into a vibrant economic corridor featuring premium housing, industries, warehousing, hotels and urban forests, with areas such as Minjur, Red Hills, Poonamallee, and Vandalur integrated with the third master plan. CORR, connecting Minjur in the north with Vandalur in the south, was part of the first master plan but areas along it remain largely underdeveloped. Now, CMDA plans to unlock its economic potential by concentrating on key infrastructure nodes such as Parandur airport, port near Minjur, Meenambakkam Airport and Kilambakkam terminus. Select parcels along CORR will be e-auctioned, said a CMDA official. The land parcels, located between Poonamallee and Vandalur, cover 20km. CMDA is also working on a comprehensive flood drainage plan While there are distinct plans for Poonamallee, Vandalur, Minjur, and Red Hills, the first is positioned to become a business district and multi-modal connectivity hub, thanks to its location near Bengaluru highway, metro connectivity and proximity to the planned Thirumazhisai New Town. Vandalur is set to evolve into a cosmopolitan hub, Minjur an industrial and multi-model hub with portal based development, while Red Hills is palnned as an eco-sensitive zone with urban forests. 

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Deep Financial Consultants director buys apartments for rs106cr in Mumbai Worli

Jagdish Naresh Master, prominent stock market investor and director of finanical services firm Deep Financial Consultants, has acquired a luxury sea view apartment in super premium residential tower in Mumbai plush Woril locality for over rs 106 crore. Interestingly his wife Urjita Jagdish Master also a stock market investor and director of Deep Financial Consultants too acquired a luxury apartment on the 59th floor of the same tower for over Rs 105 crore just last month. The newly purchased apartment is spread over a total of over 7,139 sq ft area in one of the wings of the tower Oberoi Three Sixty West on Dr Annie Besant Road and is on the 60th floor and 44th habitable floor. The transaction values the apartment at nearly Rs 1.50 lakh per sq ft ranking it among the most expensive deals for a residence anywhere in the country. The buyer has now paid over Rs 3.97 crore in stamp duty charges alone for the registration of the deal. As the same apartment has been transacted within three years of earlier registration that attracted stamp duty of Rs 2.86 crore, the new buyer has paid the differential stamp duty, showed the document accessed through Zapkey.com. This rule is aimed at aligning stamp duty payments with current property valuation and preventing revenue loss for the state government exchequer. Residential property sales in the top eight cities have soared to an unprecedented high in 2024, fuelled by strong demand across mid-income, premium and luxury segments. The year is also expected to conclude with an all-time high sales activity. Mumbai has been leading the pack as the country’s biggest and most expensive property market as it continued the record-setting spree in terms of property deals. South and central Mumbai, home to India’s most expensive apartments, have been playing a key role in driving this performance. The micro markets witnessed many large-ticket transactions involving industrialists, top corporate executives, actors, and sports personalities in the last few years. 
 

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