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Bhubaneswar Real Estate News Updates

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Bhubaneswar Real Estate News Updates

Last updated: June 19 2020
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  • Bhubaneswar Real Estate News Updates

    In Lord Jagannath of Puri’s name, 25,000 acres, a lot of it encroached

    Bhubaneswar: He is possibly the only god in India who owns so much land —25,711 acres — but Lord Jagannath is struggling to get part of it back from encroachers.

    Lord Jagannath, presiding deity of the 12th century temple in Puri, is listed as a landlord in the Orissa government’s revenue records. He reportedly owns 56,000 acres, of which at least 25,711 acres is registered against the name of “Sri Jagannath Mahaprabhu Bije, Puri” in the state’s land revenue records. The temple’s managing committee headed by the Puri king manages the land on behalf of the deity. The lands are spread over 23 of Orissa’s 30 districts as well as states such as Andhra Pradesh, Maharashtra, West Bengal, Madhya Pradesh and Chhattisgarh.

    But the land mafia, allegedly helped by bureaucrats and corrupt politicians, is believed to have parcelled away at least 20 per cent of his recorded land in Orissa. Chief administrator of the temple Arvind Padhee, a senior IAS officer, decided to strike back early this week. The temple administration cleared 250 acres in Jatni area near Bhubaneswar and Delang area of Puri district. The land is worth an estimated Rs 500 crore.

    “When I started clearing the area, there were goons all over the place. But we were determined to clear it,” said Padhee, who as revenue divisional commissioner, central division, has been trying to get the lord’s land records updated. Among the alleged encroachers was the son of a former Assam governor, whose stone crusher was obscuring the landscape. The anti-encroachment team’s bulldozers razed a rice processing mill, a housing society, a market complex and several dhabas that had mushroomed over the land. A head clerk working at the temple’s Jatni office, who was found guilty of conniving with the land mafia, was suspended.

    Officials said the encroachers had sought to justify the land-grabbing, saying it had been authorised by the endowment commissioner under the Orissa Hindu Religious Endowments Act, 1951. But Padhee cited section 16(3) of the Shri Jagannath Temple Act, 1954, which says any transfer of immovable property recorded in the name of Lord Jagannath of Puri by any person including any institution would be null and void. As per section 2(1) of the temple Act, the provisions of the Hindu religious endowments Act are not applicable to the temple except with respect to actions taken, things done and contributions levied as such.

    Padhee said the temple administration is now planning to evict encroachers from at least 1,000 acres in the next few weeks. After it is freed, the land would be sold to the general public through the Bhubaneswar Development Authority. The funds so generated would be deposited in the temple corpus fund.

    Encouraged by the success of the drive, the temple administration is now in the process of identifying the remaining 30,000 acres for which there is no record of rights as yet. “Most of these lands are in districts of Puri, Khurda, Cuttack and Ganjam. If we get back the land, the lord’s would probably be the richest among all shrines in India,” Padhee said.

    In Lord Jagannath of Puri’s name, 25,000 acres, a lot of it encroached
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  • #2


    Re : Bhubaneswar Real Estate News Updates

    Govt to auction land for commercial purposes

    BHUBANESWAR: The Odisha government on Friday announced it would lease out land to commercial establishments through auction, days after the Comptroller and Auditor General of India (CAG) rapped its 'arbitrary' land allotment policy in the capital city.

    Revenue minister S N Patro said land to multiplexes, hotels and other commercial complexes would be given through the bidding route, while land will be allotted through societies for affordable housing. "We have prepared a draft land grant policy after studying policies of other states. Land allotment through auctioning will start after the cabinet gives its nod," Patro said after a meeting of a cabinet sub-committee. This came on the eve of Bhubaneswar's foundation day celebrations.

    CAG had said the general administration department allotted 464.47 acre in Bhubaneswar in 337 cases during 2000-12 (when the BJD was in power) to individuals, government offices and private bodies for establishment of hotels, hospitals, educational institutions and non-government organizations without any defined policy or procedure. The central auditor found there was no uniformity in disposal of applications, sanction of concession on premium to be paid, changes in land use plan and resumption of encroached land. Proclamations inviting public objections as stipulated in Odisha Government Land Settlement Rules were not published in any of the 164 test checked cases, it added.

    The state government had earlier announced it would enact a new legislation to retrieve encroached land. Official sources said the government has prepared a draft law and would soon place it for cabinet approval. Patro had said around 40,000 acre of government land was encroached in the state.

    Govt to auction land for commercial purposes - The Times of India
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    • #3


      Re : Bhubaneswar Real Estate News Updates

      Bhubaneswar investors ditch real estate for gold rush dive

      BHUBANESWAR: Apart from retail buyers rushing to jewellery shops to buy gold lured by a sharp fall in prices, several short-term real estate investors here are buying the yellow metal worth crores of rupees.

      According to sources, investors in the city generally put their money in high end-properties during conceptual stage and sell those when these are ready for possession by a handsome profit margin. But due to a perceived slump in the housing sector, many of them have now jumped into gold. Sources said this segment of buyers has mostly purchased gold coins in crores and have stashed them in bank lockers. "A decline in the price of gold has always been a temporary phenomenon. Hoping that it will shoot up again, the short-term investors who buy and sell high-end housing properties are buying the yellow metal only to sell when the price shoots up again," said Pradipta Kumar Biswasray, president of Real Estate Developers Association of Odisha (REDA).

      "I have invested around Rs 4 crore in gold coins with the help of a bank and kept it there. I did not want to keep the cash for long in the current account since this seemed like an opportunity," said another realtor preferring anonymity.

      The speculative buyers seemed right as after a quick fall from above Rs 30,000 per 10 gram in the previous week to around Rs 25,000, gold prices now seem to be on a recovery path, with the metal registering Rs 27,000 per 10 gram on Monday.

      Sections of real estate developers feel the recent fluctuation in gold price has eroded people's traditional faith in the yellow metal, which will benefit the real estate sector. "Gold and land have been traditional investment avenues for most Indian homes and are regarded safe while late entrants such as shares, stocks and mutual funds are considered comparatively risky. With the latest price fluctuation of gold, the myth that gold rate will never fall is over. It leaves only the real estate as the safest investment destination," said D S Tripathy, joint secretary of Confederation of Real Estate Developers Association of India (Credai).

      However, there cannot be a direct transition of all gold buyers into land as the investment sizes for middle class in gold and land are quite different, Tripathy said. Besides, gold is a cultural necessity in Indian homes as one has to buy it on occasions of birth, marriage, etc.

      The slump in gold price has also heralded brisk business for jewelers. "The footfall has gone up by 50%. The sale has also increased sharply," said Mitesh Khimji, director, All India Gems and Jewellery Trade Federation (GJF), the apex body of the domestic jewellery trade.

      Bhubaneswar investors ditch real estate for gold rush dive - The Times of India
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      • #4


        Re : Bhubaneswar Real Estate News Updates

        BDA plans concrete jungle around zoo

        BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has initiated the process to allow construction in the periphery of Nandankanan. The state government had imposed a ban on construction within one-km radius of the zoo in 2011.

        To clear the pending construction proposals around the zoo, BDA planning member Pitabasa Sahoo recently wrote to housing and urban development (H&UD) department to withdraw the government restriction.

        The H&UD department had issued an office order banning real estate activities around the zoological park on February 3, 2011, after a directive from the Orissa High Court in January that year. Responding to a petition, the HC in an interim order had prohibited constructions activities around the zoo. Though the court vacated its curb, the government restriction still continues.

        "Since the court has lifted its ban, we have requested the government to allow building activities around the zoo as per the BDA norms. Many applicants have approached the BDA to clear their building plan by producing the HC order," said Sahoo.

        After the court lifted its ban, the BDA had requested the H&UD department to withdraw its office order on the restriction in December last year too. "After the government lifts its bar, projects proposals conforming to the BDA planning and building regulations will be cleared as per the comprehensive development plan (CDP)," he said.

        If the government lifts the ban, periphery of Nandankanan will witness a construction boom as nearby Chandrasekharpur and Patia are sought-after locations for housing, sources said.

        BDA plans concrete jungle around zoo - The Times of India
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        • #5


          Re : Bhubaneswar Real Estate News Updates

          Outfit to move SC against demolition

          CUTTACK: A new outfit, Dharamanusthan Surakhya Samiti, came into existence on Saturday. The outfit said it would move the Supreme Court against the Orissa high court order of demolition of religious structures in Cuttack.

          President of the samiti Arun Panda said demolition is being carried out in violation of Supreme Court's order. The apex court had ordered that religious structures, constructed illegally on government land after September, 2009, shall be demolished. However, the Orissa high court advanced the cut-off date to 1987, he said.

          The Supreme Court had further said unauthorised religious structures shall be reviewed on case to case basis before demolition but no such step was taken by the Cuttack administration, Panda said.

          Outfit to move SC against demolition - The Times of India
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          • #6


            Re : Bhubaneswar Real Estate News Updates

            Spiralling city razes pedestrian paths

            BHUBANESWAR: The burgeoning capital city spinning into the fast lane is becoming pedestrian unfriendly by the day. According to a recent study, there is hardly any space for non-motorized transport on the city roads, resulting in untold hardships for pedestrians and cyclists.

            A survey conducted by Local Governance Network observed pedestrian paths are being used for parking vehicles, forcing people to take the road route on foot, dodging vehicles dangerously. Over 70% of the 217 commuters and pedestrians quizzed for the survey felt the city roads are not safe for pedestrians. "Occasionally, we would like to walk short distances instead of riding a scooter or a bike to escape the danger of speeding vehicles. But due to lack of proper roads to walk on, one is tempted to spend a few extra rupees on fuel even to travel short distances, which can easily be covered on foot," said one of the respondents in the survey.

            "More or less the study observed that pedestrians are slowly losing their identity in the city. The city needs to accept pedestrians very much as a larger part of the urban setting. The city will have to have designated pedestrian paths so that there is no clash between motorized commuting and walking," said urban planer P R Rout. The city lost most of its walkways half a decade ago due to faulty planning while expanding roads, he pointed out.

            Sources said most of the city roads have now become eight lanes, all of which are dedicated to vehicular traffic. Denizens rued that not one of these lanes is dedicated to pedestrians. "Over 90% people felt chopping down of trees is one of the causes of poor walking record in the city, while 89% felt that barriers like railway lines and road blockades also discourage walking. At least 92% pedestrians were in favour of proper zebra crossings. Over 10% said they would like more foot overbridges in the city," said Rout, who was part of the study.

            Crossing roads is another major area of contention for pedestrians, especially senior citizens. "There is fault from the planning stage. Pedestrians' comfort is never the concern of the planners while most of the cities in developed countries first think about the walkers. The zebra crossings in the city are very poorly demarcated," said former diplomat Abasar Beuria.

            As per rules, there should be zebra crossings at every 500 meter interval on the city roads. While it is 2 km on the NH, for a single lane the length of zebra line is 3.5 meter and for double lanes it is 7 meter.

            According to a civic official, however, there are excess zebra lines on some roads at cut points. "From Kalpana to Rasulgarh square there are about 32 crossings, while there should be only 11 crossings. But excess crossings also at times lead to problems as there is little space left for motorists to stop near traffic signals," he said.

            The Citizens' Apex Association, a civil society group here, has been writing to the authorities to create pedestrian plazas on the roadsides for the last two decades.

            Spiralling city razes pedestrian paths - The Times of India
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            • #7


              Re : Bhubaneswar Real Estate News Updates

              Office of real estate company Hi-Tech Group sealed in Odisha

              BHUBANESWAR: The corporate office of the real estate company, Hi-Tech Group, in Odisha was sealed by the crime branch police in an alleged land fraud case.

              "We have sealed the head office to protect the interest of the people who have deposited money in the Hi-Tech Group," Crime Branch DIG Rajesh Kumar said.

              He said depositors would be entitled to get some returns of their investment through liquidation if a new law was enacted.

              Hi-Tech Group lawyer P Sahu termed as illegal the sealing of the office.

              "How can the agency seal the office without the court's permission when the matter is sub-judice?" the lawyer asked.

              The DIG said the sealing of the office was part of the investigation.

              The Crime Branch had on December 25 last year arrested the chief of the company, Tirupati Panigrahi and two of his associates, Tirupati Choudhury and Madhusudan Panigrahi for allegedly duping land buyers of their money.

              Three of them are still in judicial custody.

              Office of real estate company Hi-Tech Group sealed in Odisha - The Economic Times
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              • #8


                Re : Bhubaneswar Real Estate News Updates

                Realtor funded Odia films

                BHUBANESWAR: Builder Narayan Chandra Nayak, arrested by the Crime Branch on Wednesday in connection with fraudulent land deals to the tune of Rs 50 crore, was taken on two-day remand by police.

                "Prima facie, he collected the staggering amount from nearly 1,200 people with the false promise of giving them land in and around Bhubaneswar. We have so far received 250 complaints," said ADG (Crime Branch) B K Sharma.

                The CB is trying to find out whether Nayak diverted money into other business. Police have the information that he invested huge amounts on two recently released Odia movies. While two of his expensive cars, worth nearly Rs 1.5 crore, have already been seized, efforts are on to seize more property.

                In a related development, scores of people on Thursday lodged complaints with the Crime Branch against Sai Shares and Securities Pvt Ltd for allegedly duping them. "The company, having offices in Bhubaneswar and Kolkata, had promised us land on the outskirts of the city, but backtracked," said Sanjeev Hota, a complainant.

                Realtor funded Odia films - The Times of India
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                • #9


                  Re : Bhubaneswar Real Estate News Updates

                  Bhubaneswar Development Authority demolition drive runs into legal tangle

                  BHUBANESWAR: A massive demolition drive planned by Bhubaneswar Development Authority (BDA) has run into rough weather with most of the encroachers getting stay orders from the Orissa high court. The BDA had scheduled the two-week drive from Friday.

                  "We are almost ready with the plan. However, most of the affected the persons have obtained stay orders from the court," BDA secretary Shreekanta Kabi told TOI.

                  The BDA had proposed demolition at 11 locations between June 21 and July 4. The two-week long drive by the development agency was among its most ambitious plans in recent times. It had readied all its apparatus and asked police to deploy armed personnel at the proposed demolition sites.

                  The agency would have demolished unauthorized constructions in areas under Laxmisagar, Nayapalli, Chandrasekharpur, Khandagiri, Info City and Badagada police limits. It had listed a two-storey structure at Laxmisagar as unauthorised and another for partly encroaching on government land. Demolition of these structures was scheduled for Friday and Saturday.

                  At Nayapalli, the BDA had mooted demolition of a building on government land and another for violating BDA norms, on June 25 and June 26. Four houses at Chandrasekharpur were to be demolished between June 26 and June 29 for either encroaching on government land or violating building norms. One building each at Khandagiri, Infocity and Badagada were to be razed between July 1 and July 4.

                  Ever since its formation in 1983 under the Odisha Development Authority Act 1982, the BDA has detected around 20,000 violations. However, it has taken action against less than 1,000 of them. Between 2007 and 2009, BDA regularized 3,849 unauthorized structures by charging a fee under the 'regularization scheme.' It had received 5,498 applications.

                  Bhubaneswar Development Authority demolition drive runs into legal tangle - The Times of India
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                  • #10


                    Re : Bhubaneswar Real Estate News Updates

                    Land dispute cell in limbo

                    BHUBANESWAR: Four years have passed since the commissionerate of police announced that it would open a dedicated cell to address grievances related to land disputes. But it is still a non-starter.

                    While police said the matter is awaiting the state government's nod, duped investors have demanded early establishment of the cell, which should function akin to the Economic Offences Wing (EOW) of Crime Branch.

                    "The EOW was opened to address financial fraud. The government should immediately start a cell to take up grievances related to land rackets," said Shakti Ranjan Dash, who is still running from pillar to post to get a land from a builder, who reneged on the deal despite taking Rs 5 lakh from him.

                    "Sarala Realcon's owner Gayadhar Jena has duped several people and we are still not sure whether our money would be refunded," said Dash. Jena was recently arrested by Saheed Nagar police.

                    Police are also under scanner for allegedly dissuading people from lodging complaints on the pretext that land disputes should be fought in courts. "Police are hand in glove with controversial builders and ask us to file a case in court instead, which is a lingering process. Sometimes, they refuse to entertain land disputes stating that they overburdened with other cases," said Kailas Chandra Mohanty, another duped land buyer.

                    President of Real Estate Developers Association of Odisha Pradipta Kumar Biswasroy said in the wake of spurt in land scams in Bhubaneswar, the proposed cell should be made functional at the earliest. "It will not only come to rescue of police but also benefit the victims," Biswasroy said.

                    As many as 20 builders of different controversial real estate firms have been arrested in the last six months. Prominent among them are High-Tech Group chief Tirupati Panigrahi, Seashore Group's Prashant Dash, Artha Tatwa chief Pradeep Sethy, Sarala Realcon owner Gayadhar Jena and Umamani Home Creations chief Narayan Chandra Nayak. "The series of land fraud cases and subsequent arrests has adversely affected our business," said a real estate developer.

                    Land dispute cell in limbo - The Times of India
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