(Times of India, October 6 2010)
PUNE: The land acquisition office of the Pimpri Chinchwad Municipal Corporation has sent notices to 1,800 people in Kalewadi to acquire land for construction of a road from MM School to the Pavana river. This half-km stretch is part of the Kalewadi phata-Dehu Alandi road bus rapid transit system (BRTS) route.
P G Nale, special land acquisition officer said, “The office started sending notices to the people 10 days ago.
“The notices have been served under the urgency clause of land acquisition as the land is urgently needed to construct the road. The land acquisition department will take possession of the land on October 20. Enquiry about the land owners and the area needed for the road will be conducted after October 27,” Nale said.
Nale said that details of the plot partitions registered in the revenue survey were available with the office but the civic body did not know who the actual owners were. Hence, notices had been sent to all the plot owners according to the survey numbers.
“We need to acquire very little land for the road which has a length of 500 m, he said. The road will be 45 m wide. The land on the right side of this road is within Pimpri-Chinchwad New Township Development Authority (PCNTDA) limits while that on the left side is within PCMC limits,” he said.
“The land within PCNTDA limits had been acquired by the authority many years ago and no compensation needs to be given. The PCNTDA will just transfer the land to the PCMC after the land acquisition drive,” Nale said.
The stretch is part of an 11-km BRTS route being built by the PCMC under the Jawaharlal Nehru National Urban Renewal Mission scheme.
PUNE: The general body of the Pimpri-Chinchwad Municipal Corporation (PCMC) has cleared the decks for commercial utilisation of land reserved for the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) depots and termini.
The GB has approved a resolution initiating changes in the development control (DC) rules, which is necessary to allow 2.5 floor space index (FSI) on these prime plots.
As per the resolution, only the Pune Mahanagar Parivahan Mahamandal ltd (PMPML) and the PCMC will be able to develop the plots, said Pimpri-Chinchwad mayor Yogesh Behl.
A short-notice proposal was tabled at the general body on Monday following a letter sent by Dilip Band, divisional commissioner and president and managing director of PMPML. Band said in the letter that the transport body was suffering huge losses and there was a need to increase its income from sources other than buses.
The letter further said that the bus depots in Pune and Pimpri Chinchwad are located in prime locations. If 2.5 FSI is granted, depots can be developed on the ground floor while the three to four floors above can be used for parking; the portion above that will be developed on a build operate transfer (BOT) basis for commercial purpose.
“If 2.5 FSI is approved then funds can be generated to help the PMPML cover its losses. It would also mean better public transport in Pune and Pimpri-Chinchwad,” the proposal stated.
To get the FSI approved, changes will have to be made in the DC rules of the PCMC under provisions of section 37 of MRTP Act 1966. In case a site is situated in the bus rapid transit system (BRTS) zone then the premium and other rules which are applicable for the BRTS zone shall not be applicable for the bus stand/terminus/depot.
Satish Kulkarni, joint managing director of the PMPML, confirmed that the transport body has sought permission to commercially exploit all the plots reserved for bus termini/ depots and other purposes for the transport body within the PCMC limits.
A PMPML official said that all the properties and plots that were reserved for the erstwhile Pimpri Chinchwad municipal transport (PCMT) were owned by the PCMC. The PMPML has received possession of only three depots, namely Nigdi, Nehrunagar and Bhosari and one central workshop at Nigdi.
The PMPML had earlier sought possession of six plots in various parts of the municipal limits from the PCMC but the general body has kept the proposal pending.
The Confederation of Real Estate Developers’ Associations of India (Credai), Pune has made a representation to the Urban Development Department secretary, TC Benjamin, to make more land available by applying the same parameters of redevelopment for wadas and old city areas as the department has done in Mumbai.
Credai Pune launched a property exhibition at the Le Meridien hotel in he city on Friday. The exhibition will be on till Sunday. The projects offer one BHK to 5 BHK, penthouses, row houses, bunglow plots and offices in PMC, PCMC and surrounding areas.
Shantilal Kataria, vice president Credai, hopes the organisation’s proposal will be approved before Diwali as promised by the Mayor.
“Land prices currently are out of control, and are more than the prices at the peak in 2008. Short supply of land will lead to an upward pressure on prices, and therefore the builders are keen that land is made available soon so that affordability is not affected.” he says.
After having to tackle the lull in the market, it is the shortage of supply in land that developers have to address, highlighting the return of normalcy in the sector . Anuj Bhandari, exhibition committee chairman, Credai, declared that the Pune realty industry has returned to normalcy. “People are now keen on buying homes as the IT and manufacturing industries have started hiring and the economy is looking up with the GDP at a robust eight per cent. But stock of good quality homes is fast depleting,” he said.
The members however do not want to raise prices even as there is shortage.
Satish Magar, president, Credai, Pune, feels that past experience shows sales happening within a certain price band. While demand for ultra luxury homes remains, notwithstanding the general outlook, has people willing to buy in the 2,500/sq.ft- to 4,000/sq.ft price band. “If prices jump too high, demand shrinks significantly. The challenge for us is to maintain quality even as input costs keep rising,” says Magar.
Explaining the issue further, Rohit Gera, vice president, Credai added, “homes are built by established or serious players and also by the fly-by-night operators. A well established builder will ensure that the flats he builds meet all norms, legal, environmental and financial. But on account of very poor land availability, new projects are slow to launch even though demand has returned. So we have projects that are good and safe to buy and also those that are built by those who are in it to make a quick buck. As a result good quality homes are not as easy to find.” The Credai Mega Property exhibition has also banks ICICI and HDFC participating.