EVEN before the IT SEZ planned by the Electronics Corporation of Tamil Nadu (Elcot) could take shape, there seems to be a big rush for IT space among various corporates and developers in the city.

While city-based corporates like the Bannari Amman Group, Salzer group and KG group have come out with their plans on the IT front, many new commercial developers have also joined the bandwagon by getting formal SEZ approvals for their proposed projects. Coimbatore Hi-Tech Infrastructure is planning to develop an IT SEZ over 60.73 acres at Keeranatham village and Span Ventures has got formal approval for 10.5 acres IT/ITeS SEZ at Eachanari.

The state-owned Tamil Nadu Industrial Development Corporation (Tidco), is also planning an IT park in the city suburbs. Rakindo Developers, a 50-50 joint venture between Vishwatej Projects and Rakeen, UAE, along with Tidco has proposed to develop feeder township, residential and leisure facilities over 625 acres in the villages of Sundakamuthur, Perur Chettipalayam and Thithipalayam.

The group also plans to promote an IT park on 25 acres at Perur village at Chettipalayam in south Coimbatore district. Bannari Group plans to develop an IT SEZ over 78 acres at Kalapatty village in Coimbatore and has got formal approval for around 60 acres. The entire process is likely to be completed in the next few months. Salzer plans to develop 1 lakh sq.ft. IT park in association with a US-based consulting service provider while KG group has acquired around 160 acres near its existing campus at Saravanampatty for developing it as an ITES SEZ. I

According to sources in the property development business, by the end of 2009, approximately 10-15 million sq.ft, of new IT/ITeS space will enter the Coimbatore market.
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  • Erring buildings in Coimbatore stay put on jumbo corridors

    COIMBATORE: The Directorate of Town and Country Planning (DTCP) and Local Planning Authority (LPA) have issued notices to more than 80 educational institutions and resorts since 2011 for constructing buildings on elephant corridors and forest fringes without getting approval from the forest, mines or agricultural departments, but most continue to function even today.

    An elephant corridor is a narrow path connecting two landscapes which are usually separated by roads or human habitation. Elephants are known to travel long distances for food and water and the corridors also facilitate interaction with other elephant groups which negates the risks of inbreeding. Keeping such corridors free from human habitation is necessary to avoid man-animal conflict and secure long-term survival of these animals.

    The DTCP has sealed two colleges and the LPA sealed one resort in the past, while the rest of the buildings continue to function. While some have applied to the directorate for approval, a few colleges and resorts have filed review petitions stating they had panchayat approval. But a major chunk have not even applied or tried to get an approval even after being issued the notices, said senior officials.

    "More than 30 institutions and resorts have not even filed their applications with us and 25 have not at all submitted their proposals. Seven buildings and resorts have filed a case in the court which is pending," said a senior official. "Since 2011, we have been constantly sending notices to these buildings," added the official.

    While officials in the DTCP and LPA pointed fingers at the forest officials and the local panchayats which provided these buildings with basic amenities, forest officials blamed the district administration for lack of action. As per the Tamil Nadu Municipality Act, buildings cannot be constructed 150 metres from the hilly region and 60 metres from the reserve forests as these are called buffer zones.

    Moreover for an approval, the owners need to take a no objection certificate from the forest, mines and agriculture department after which the district collector would inspect the site and send a report to Hill Area Conservation Authority (HACA). "What most owners do is break their plot or land into smaller units and sell them like the recent case where a DMDK functionary P A Matheshwaran tried to sell 62 acres of HACA land and a case was registered against him after a complaint was filed with the Economic Offences Wing," said an official.

    Activists said that the lacuna lay not in inaction of officials but with the government policy and laws. "Everyone talks about conserving an elephant corridor but the state government has not even recognised these corridors so far. We only have HACA which is highly ineffective in taking any action. Neither the forest department can take action nor can the administration unless a strong law is passed," said K Kalidasan, president, Osai, an environmental organisation.

    Forest officials said in the year 2012-2013, 14 people were trampled to death by elephants while in 2013-2014, 18 people were trampled to death. This year, there have been 5 deaths so far, said an official.

    But when some of these colleges and resorts were contacted, they said that these rules of getting a HACA approval came in only after 1999 and was implemented in 2003. "Most of our buildings were constructed several decades ago," said an official from a renowned university in the city. But officials argued that even after issuing notices these building owners did not take any step to apply for approvals.

    Erring buildings in Coimbatore stay put on jumbo corridors - The Times of India
  • Coimbatore Corporation lunches online initiative to clinch smart city tag

    COIMBATORE: The Coimbatore Corporation wants to leave no stone unturned when it comes to clinching an entry into the list of top 20 smart cities that would be announced in January next year.

    The first criterion for this is to submit a smart city plan which would involve public participation. To fulfill that, the civic body launched the smart city Facebook page and the smart city suggestions tab on their official website on Friday to gather views and suggestions from the public that could be incorporated into the smart city plan.

    City corporation commissioner K Vijayakarthikeyan said that a meeting would be scheduled with the district collector in which various top officials from various departments, NGOs, corporates and general public could participate.

    These portals will be open for public suggestions until November 30 as the civic body will have to submit the smart city plan by December 15. "By mid-January, we will know if we have been shortlisted for the Rs 200cr grant," said K Vijayakarthikeyan.

    However, various NGOs and corporates said the civic body seemed quite laidback and slack in its approach as other major cities had already begun public meetings.

    "Rajkot has already announced an award of Rs 25,000 for the best smart city proposal for its citizens. Kochi has conducted several public meetings and council sessions to discuss smart city proposals and Madurai corporation has also conducted various public meetings. We have set up our Facebook page and website only now. Moreover, we have not even entered into the mygov.in where public opinion could be gathered and which will also be major criteria in the smart city selection," said a city-based civic activist who did not want to be named.

    The government had set up mygov.in website as a tool for the cities to rope in public opinion. Civic body officials said that had already submitted their details to become a part of the website. "There are some technical issues which will be resolved soon," said K Vijayakarthikeyan.

    The state government appointed consultant ICRA management consulting services have already prepared a schedule of activities to rope in public opinion.

    "We have decided to conduct zonal level and ward level meetings in which public representatives and corporation officials would ask public for their suggestions. Apart from this, we will hold several stake holders' meetings with NGOs and general public to decide on issues that pertain to the city," said Rammesh Ramakrishnan of ICRA.

    The civic body plans to hold essay writing contests among school and college students on the topic - 'En Nagaram En Kanavu' or 'Mera Sheher Mera Sapna' (My city my dream) to get suggestions from them.

    "Prizes would be given to the best essays and those ideas also would be incorporated," said city engineer G Rajendran.

    After entering the top 98 cities, the corporation will now have to submit the smart city plan in which it will have to find out a particular issue and give a 'pan city solution' for that issue.

    The second part is to give a proposal for an area based development in which a 500-acre area in the city should be selected and developed.

    "Under the smart city proposal the major category is area development under which are city improvement (retrofitting), city renewal (redevelopment) and city extension (greenfield development) plus a pan-city initiative in which smart solutions are applied covering larger parts of the city," said a civic body official.

    Apart from this, the city will have to create walkable localities with better footpaths, reduce congestion, reduce pollution, and ensure security. It will also have to develop the open spaces such as parks and playgrounds.

    E-governance, public transport system, housing and inclusiveness and giving the city an identity based on its main economic activity will have to be addressed.

    Coimbatore Corporation lunches online initiative to clinch smart city tag - The Times of India
  • Discussion on smart city proposal held in Coimbatore

    COIMBATORE: The first discussion for identifying the schemes and plans for the smart city project was held at the district collectorate here on Wednesday.

    Suggestions ranging from better transport system to addressing basic needs were proposed.

    The meeting was chaired by district collector Archana Patnaik, corporation commissioner K Vijayakarthikeyan and deputy commissioner of police R V Ramya Bharathi. Officials from all departments, members of the public and representatives from NGOs provided their suggestions.

    Deputy commissioner of traffic police T K Rajashekaran said, "As vehicular population rises by 1.5 lakh every five months, regulating traffic in the city without a sophisticated system is difficult. An exclusive control room for traffic monitoring and an integrated traffic control system is needed."

    Another member of public proposed a sewage treatment facility for all lakes in the city. He said, "With city's lake being a prominent destination for migratory birds, treatment of sewage water before it enters lakes is essential."

    An official from the Bharath Sanchar Nigam Limited suggested that ducts for underground telephone cables be laid. He said, "Frequent digging of roads leads to damage of the optic fibre cables. A separate duct that could carry all network cables will prevent this damage."

    Other suggestions made for the proposal that has to be sent by December this year are- ring rail system- train route to connect Irugur, Peelamedu, Podanur, Coimbatore North and Coimbatore Junction, underground electric lines and covering it with concrete slabs like in Mumbai to ease repair works and prevent digging of roads.

    Discussion on smart city proposal held in Coimbatore - The Times of India
  • Coimbatore 10th among tier-II cities for promising real estate

    Coimbatore has made it to the top ten tier II cities, with regards to promising real estate hot spots in the country, according to a report by a Gurgaon-based real estate data analytics firm.

    The report, which takes into account seven parameters including number of projects launched every year and size of the real estate market, gives residents a reason to smile, as the realty sector in the cotton city is yet to emerge from its sluggish phase.

    The report titled Top 10 Cities in Indian Real Estate Market has placed Coimbatore at tenth position ahead of some of the bigger Indian cities.

    Kochi tops the list, followed by Nashik and Vishakapatnam. Coimbatore is the only city from Tamil Nadu that has found a place in the list of 19 cities surveyed across the country by PropEquity, a real estate data analytics and consulting firm.

    According to the report, there was an average launch of 40 new projects every year from 2013 to 2015.

    The number of projects granted possession annually since 2013 was 50 (includes projects launched before 2013) and the average residential units launched annually since 2013 was 4,000.

    However, some realtors are skeptical of such growth. They say that only if the growth is gradual, it would be stable.

    Coimbatore 10th among tier-II cities for promising real estate - The Times of India
  • Coimbatore residents petition collector for action against fraudulent realtor

    COIMBATORE: More than 50 people, of Kavundampalayam, Perianaickenpalayam and Karamadai petitioned the district collector Archana Patnaik on Monday, seeking action against a real estate promoter for swindling 1.50 crore.

    The district crime branch (DCB) of police started inquiry on Monday evening.

    They said in the petition that they had seen an advertisement in newspapers by proprietors of Star Land Bank and Star Associates M Venkatesh, Gowri, Muthukumar and Arumugam in January 2015.

    The advertisers claimed that they planned to sale 148 plots (each of 600 square feet) in Pilichi village near Karamadai.

    They named the site 'Kuberapuri Nagar'. Venkatesh allegedly announced that the investors would have to pay 1 lakh for each plots and land will be registered immediately after full settlement of the amount.

    Over 70 people invested 1.50 crores and agreements were given to the investors by the realtors.

    They were promised that the land will be registered in the first week of September. But the realtors did not take any steps for carrying out the registration.

    Meanwhile, the land owners started to cultivate the crops on the land promised to the investors.

    K Karthikeyan, of Kavundamapalayam said that he had paid Rs 2 lakh for two plots. He got the documents from the realtors.

    "I requested them to register the document for the plots. But the realtors refused to register the land. They started their business in various names in Madampatti and Chettipalayam also. Police should take action against them and attach their properties," said Karthikeyan.

    Collector Archana Patnaik received the petition and promised them that appropriate action would be taken.

    Coimbatore residents petition collector for action against fraudulent realtor - The Times of India
  • Plea against panchayat head for realty fraud in Coimbatore

    COIMBATORE: Vice president of Kittampalayam village panchayat and five councillors petitioned district collector Archana Patnaik on Monday, demanding action against the panchayat president for illegally earning crores of rupees by giving approval to realtors. The district collector has ordered the assistant director of village panchayat to conduct a detailed probe in the panchayat and submit the report within two days.

    "A village panchayat president can give approval for 2,000sq feet only. But Kittampalayam panchayat president Jothimani Ramasamy had given approval for 30,000 sq ft. This is a violation and there is no benefit to the panchayat for providing such approval," said VMC Chandrasekar, vice president, Kittampalayam village panchayat. The panchayat president earned more than Rs2crore by illegally giving approval for these sites.

    According to him, the state government had allotted 360 acres of land to set up an industrial park at Kittampalayam village panchayat. As per the rule, directorate of town and country planning should provide the approval for the land. Only after laying roads and setting up infrastructure in the allotted land, can the panchayat president give final approval.

    "Although the said plot has no infrastructure, the president notified the government that all necessary infrastructure had been set up at the industrial park," said Chandrasekar. He also added that he has solid proof for every scam in the panchayat.

    When panchayat president Jothimani was contacted over mobile phone, her husband Ramasamy told this reporter that his wife was not aware that she could not approve plots larger than 2000 sq ft. "Chandrasekar and the other councillors want to end my wife's political career. Thus, they are spreading rumours about her," said Ramasamy.

    The district collector has ordered the assistant director of the village panchayat to conduct a detailed probe in connection with the petition and instructed him to submit the report within two days.

    The panchayat president earned more than 2crore by illegally giving approval for sites in the village.

    Plea against panchayat head for realty fraud in Coimbatore - The Times of India
  • Coimbatore civic body meets industrialists to mull smart city project

    COIMBATORE: Coimbatore corporation on Wednesday held a brainstorming session with the industrialists in the city as it is all set to present its vision, goal and strategy for the smart city project at a workshop to be held in Chennai on Friday.

    The meeting saw industrialists coming up with a number of proposals that ranged from setting up of a central park on jail grounds to setting up of satellite library, science park, museums, elevated corridors to ease traffic congestion and a dedicated power line for industries.

    "We have submitted a city mobility plan to the state government but it is yet to decide if it will be bus rapid transit system or metro rail that will be implemented. The vehicle population has been increasing with almost 30,000 vehicles hitting the roads every month. Finding smart solutions to ease traffic congestion will be a major focus of the smart city plan," said the corporation commissioner, K Vijayakarthikeyan.

    E K Ponnusamy, president of Coimbatore district small industries association (CODISSIA) said creating more parks in the city was the need of the hour. He also added the plan should have futuristic value, with separate express ways and several ring roads.

    Ravi Sam of Confederation of Indian Industry (CII) said the city's culture and history should be highlighted by setting up a museum here. Various other industrialists also hinted at popularising car pooling system that exists in some foreign countries where people are encouraged to share cars for transport to ease traffic congestion.

    Other suggestions included improving the lakes in the city, creating lung spaces, separate lane for school vans and ambulances and waste management projects.

    The commissioner would take part in the workshop to be held at Chennai and present the vision, goal and strategy of Coimbatore's smart city plan.

    Coimbatore civic body meets industrialists to mull smart city project - The Times of India
  • Reserved land falls prey to money, power as encroachment rises in city

    COIMBATORE: Out of the 1,340 reserve sites in the city, 149 have been encroached by residential and commercial buildings. Five encroachments are by private schools. Of these West zone records the highest number of encroachments with 46 and east zone has 38.

    In North zone, 30 sites have been encroached upon and 19 sites in south. In the central zone, 11 sites have been encroached. With the civic body being slack in erecting boards and building compound walls, people easily occupy these lands. The town planning wing is too short staffed to keep a vigil in all the wards.

    Officials and councillors said that the numbers in reality were much higher. Civic activists in the city said on many occasions they were also not provided with all the data pertaining to the reserve sites.

    "Many areas were under the panchayat administration earlier and so whenever we notice some discrepancy and inform the civic body officials, they say documents are unavailable as the panchayat did not hand it over to them," said S Kanagasundaram, civic activist.

    B Senthil, ward 35 councillor, said that in his area most reserve sites were either not allotted or sold to private parties who set up residences. "If the civic body passes a resolution to stop basic amenities such as water supply and drainage, most reserve sites can be reclaimed," he said. In MGR Nagar and Nehru Nagar the sites that were reserved to set up community halls have been divided into several parts and sold to private parties.

    When residents tried to approach them, they even beat them up for questioning them. "Most times, people who are powerful are never questioned. Those who do not have much backing are asked to vacate immediately," said Daniel Jesudas, RTI activist. "In many locations, officials allow the encroachment and also take a share. Whenever we file RTIs seeking documents, we get threat calls or sometimes they offer bribe to us as well," said Daniel.

    Another ward councillor in whose area there are a large number of encroachments, said most of the encroachments were by partymen and VIPs. "The entire stretch of scheme road in my area has been encroached upon. None of the officials take any action. In my area, all the encroachments are by politicians and VIPs most of whom have set up shops in the reserve sites. No one questions them," he said on condition of anonymity.

    Residents of various areas in Kalapatti and Vadavalli said that every time their children wanted to visit a park, they had to head to VOC park. "In our area, a wedding hall and some shops have encroached upon a reserve site," said Usha, a resident of Vadavalli.

    As per norms, whenever a layout is approved, 10% of the land needs to be allotted as reserve site. "Reserve sites were mainly a common space where the entire locality can meet. Generally, it becomes the lung space of the area. With the city lacking enough recreational areas, if each area would develop their reserve sites, public could benefit immensely from it," said Vanitha Mohan, managing trustee, Siruthuli.

    Town planning officials said they were doing their best in removing encroachments and had removed over a dozen of them in the past two months. "We have been constantly surveying areas and reclaimed all the undisputed sites," said Ravichandran, town planning officer (in-charge).

    Reserved land falls prey to money, power as encroachment rises in city - The Times of India
  • Resilient Coimbatore is a safe bet

    This article has been published in Business line

    Coimbatore market may have cooled down from the buoyant days of 2009 to 2011 but has not lost steam. Property prices have been stable last year, unlike the rise of 20 to 40 per cent seen in the past. Data from National Housing Board’s Residex Index show that the city’s index has risen from its base value of January 2007 to 184 in January-March 2013. This has been quite moderate compared to a rise to 310 for Chennai during the same period.

    What may be in store for the property market? Stable growth, believe market participants.

    The city’s weather is an attraction for many categories of buyers such as IT companies, retirees and foreign firms. It has good quality educational institutions, abundant water, thanks to water from the Siruvani river and two reservoirs and adequate infrastructure, including an international airport, hospitals and roads.
  • Storm water drains flop as rain lashes city

    COIMBATORE: Since 2011, the city corporation has constructed several storm water drains across the city costing up to Rs382 crore and extending up to a length of 1,548km. These drains were constructed to ensure that the rainwater is carried to the canals and lakes of the city and the water logging reduces.

    But the entire project which was highly unplanned has defeated its purpose. The rain on Sunday which recorded a total of 104mm not only stalled traffic but also caused water-logging at all the major junctions were storm water drains had been constructed.

    The civic body constructed 579 storm water drains using general funds at a cost of Rs202 crore for a distance of 823km. Another set of storm water drains were constructed under the Jawaharlal Nehru National Urban Renewal Mission at a cost of Rs180 crore extending up to a distance of 735km.

    Councillors alleged that the main issue with the construction of the storm water drains is that they were completely unplanned.

    The opposition party councillors said that the drains were constructed in areas such as Sanganoor canal, Bharathi Nagar, Ram Nagar where they were not at all required. Locations where they were actually required such as the added areas, they were not at all constructed. "In my area, in nearly 11 locations storm water drains were constructed and in many areas it remains pending. Areas such as Kallamedu and Selvapuram require de-silting," said Sadiq Ali, councillor, ward 86 (Ukkadam). Meena Logu, councillor of ward 49 (Rathinapuri) said the storm water drain project was implemented without any futuristic view or plan. "They just randomly constructed it wherever they wanted to without a plan to direct the flow of water," she said.

    Corporation officials said that in 2014 as well, several storm water drains were set up in the south zone.

    "In many areas, though the proposal was to re-lay storm water drains, they were just patched up," said an engineer. Moreover, several low lying areas such as Lanka Corner, Avinashi Road flyover and rail over bridge near Kikani School have been flooding with rain water for decades but no action has been taken , said environmentalists in the city. All the rain water harvesting structures were set up only by NGOs and the government has not taken any steps to revive the scheme, said a city-based environmentalist.

    City mayor P Rajkumar said he had inspected all the rain affected areas in the city on Monday morning.

    "I will convene a meeting on Tuesday with all officials to ensure adequate measures are taken. We also visited areas in Ramanathapuram where more than 40 houses were flooded with rain water," said Rajkumar. The corporation commissioner said that they would spend Rs 66 lakh to execute drainage work at Bharathidasan Nagar (ward 75), Veerabathiran Nagar (ward 55) and Telungu Palyam (ward 76).

    "We will also set up pumping motors with genset at Lanka corner, Avinashi Road flyover and Kalishwara Mill Road to ensure that water logging is reduced," said K Vijayakarthikeyan, corporation commissioner. He added that trucks were sent to places where water had to be drained out and de-silting process would begin tomorrow in other places.

    The opposition party councillors said that the drains were constructed in areas such as Sanganoor canal, Bharathi Nagar, Ram Nagar where they were not at all required. Locations where they were actually required such as the added areas, they were not at all constructed .

    Storm water drains flop as rain lashes city - The Times of India
  • PWD plans to set up 18 sewage treatment units in Coimbatore district

    COIMBATORE: The Public Works Department (PWD) on Wednesday revealed its plans to construct 18 micro sewage treatment plants at as many waterbodies in the district. The cost of setting up a micro sewage treatment plant is nearly Rs5 crore.

    In this regard, the district division of PWD has already sent a proposal to state government and has begun working on the project with the city corporation engineers.

    It also has sought funds for the project under the state government's Irrigated Agriculture Modernization and Waterbodies Restoration and Management (IAMWARM) scheme.

    "Since the city corporation has successfully set-up sewage treatment plants at Ukkadam and Ondipudur, we have been asked to work with them for our project as well," said a senior PWD official.

    Out of the 31 reservoirs in the city, eight are maintained by the civic body, which is now all set to construct two micro sewage treatment plants at Kuniyamuthur and Singanallur waterbodies.

    The district administration said all the 18 micro sewage treatment plants would have a capacity of at least 2MLD, which means they could treat at least two million litres per day. "Our aim is to ensure that water in these reservoirs remains clean and clear. The water in these tanks help recharge ground water. So, if it gets polluted, even the ground water gets polluted," said a city-based environmentalist.

    Apart from this, when sewage enters waterbodies, the aquatic animals also get affected. "One of the major reasons for the growth of water hyacinth is polluted water. If the water is clan, hyacinth growth can be cleared," said environmentalists.

    PWD officials said they were working with the city corporation officials on the project report. "Once the funds are sanctioned, we will set up three micro sewage treatment plants in the first phase," said a PWD official.

    "We would set up the first plant at Sanganoor canal as most of the sewage from the northern part of the city is deposited there," the official further said.

    PWD plans to set up 18 sewage treatment units in Coimbatore district - The Times of India
  • Airport expansion: Talks on land pricing fail to take off

    COIMBATORE: The talks between the district collectorate and residents of G K Nagar failed on Tuesday, as the latter refused to accept the price fixed by officials to acquire their land. While officials claimed they are offering almost 50% more than the guideline value, residents say the price offered is still just a third of the prevailing land rates in the area.

    In order to expand the airport runway, the government needs to acquire 461.90 acres of land from residents in the neighbouring areas and 134.32 acres from defence authorities.

    The district revenue officer (DRO), in charge of land acquisition, conducted a meeting with residents of G K Nagar, College Nagar and Kalapatti to negotiate the price for their land. "We are conducting private negotiations with residents, so we can offer a price that is acceptable for all residents," S Gunashekharan, the DRO in charge of the project said.

    "According to government rules, we have published all their land survey numbers in the government gazette for land acquisition, which means the land already belongs to us," he said. "Though we are allowed to offer only the guideline value of the land, we are offering them 150% of our initial offer price, as compensation," he said.

    However, the residents are unhappy with the price offered. They said the present land prices are thrice of the guideline value and the price quoted by the authorities is unfair. "The guideline value of the land is around 430 per sqft and they've offered us 500 per sqft. Along with the solatium, the total comes to 750 per sqft. Nevertheless, they clearly know that the present land value is around 2,300 per sqft," said S Raghu, a resident who owns three plots of 5.5 cents each in GK Nagar explained.

    "So they are offering around 3.23 lakh for a cent of land, which actually costs 10 lakh," he said. Adding "With this price, we can't buy another piece of land or a house anywhere within the corporation limits."

    Due to this situation, the residents on Tuesday rejected the offer made by the government. "The district committee is allowed to increase the price only up to 150%. But, since the residents are demanding an increase of more than 200%, only the state-level committee can decide," Gunashekharan said. "We have asked the residents to give us their reasons for rejecting the offer in writing," he added.

    Speaking about the failure of the negotiation, Raghu said, "The government is trying to corner us with this unfair price. Many of us stand to lose more than 1 crore each if we accept their prices."

    Officials said they are offering a price which is 150% more than govt guideline value. But residents say that the price offered is unfair, as the going rate of the land is about 2,500 per sqft, whereas the govt has offered 750 per sqft

    Airport expansion: Talks on land pricing fail to take off - The Times of India
  • Coimbatore couple dupes more than 90 people of Rs 1.80 cr in real estate fraud, arrested

    Residents had petitioned the department officials last June stating that a couple, posing as real estate agents, promised them plots at cheap rates.
    TNN | 23 June 2016, 1:00 PM IST

    COIMBATORE: The economics offences department of Coimbatore city police has registered a case against a couple who was involved in a real estate fraud and cheated more than 90 people to the tune of Rs 1.80 crore.

    Residents had petitioned the department officials last June stating that a couple, posing as real estate agents, promised them plots at cheap rates.

    "The couple said that they had started a company named 'Kovai Land Bankers' and they were selling plots at 5.5 lakh each. We had to pay them Rs 1 lakh while the rest of the amount would be arranged through loan," said one of the residents.

    People who had paid the deposit became worried when the plot was not handed over to them. When they visited the office located at Ramanathapuram near Carmel Garden school, they found that it was shut. So they decided to lodge a complaint.

    C Chandraseelan, who is investigating the case, said they had got a tip off that the couple was staying at a lodge in Gandhi Puram. They reached the spot and arrested them. The duo have been identified as Muthu Kumar, 29, from Trichy and Sindhu, 37, from Chennai. They had worked together at Starland, a firm in Coimbabore. They started this business, posing as brokers. They would tell approach sellers, offering their help to sell their plots. They would pose as developers of these same plots, and sell them off.

    They collected Rs 1 lakh from each buyer and have cheated more than 90 people in a similar manner.

    The sites shown were located in Tharal avenue, Thendral avenue and Thaaliyur avenue.

    "They advertised in local news channels, distributed pamphlets, displayed advertisement boards and also issued advertisements in leading dailies," said Chandraseelan. So people believed them.

    "Both of them have been arrested and remanded to judicial custody. They have been lodged in Coimbatore central prison," said the investigating officer.

    Coimbatore couple dupes more than 90 people of Rs 1.80 cr in real estate fraud, arrested | ET RealEstate
  • Hello Everyone! My Name is Ganesh, and my mother who is in India right now wants to purchase a property in Coimbatore. A little bit of background, We are US citizens, naturalized in 2006, so we were Indian citizens before and clearly a person of indian origin. Can we purchase a property in India legally? If not, what are the recommendations to get this done. I've read some conflicting information on this, so I would really appreciate some guidance from the group on how to do this, especially from those that have done it before.
  • Smart city project: German team to visit Coimbatore on July 20

    The corporation commissioner, city mayor, and the former district collector, visited the German city of Esslingen and signed the MOU for the twinning of both the cities.

    TNN | Jul 09, 2016, 05.00 PM IST

    COIMBATORE: A German team of investors along with the German ambassador, Martin Ney, will visit Coimbatore on July 20. The two day visit will include a meeting with the chief secretary to the government in Chennai and with Coimbatore corporation commissioner to discuss the smart city project. The German team would include several investors, industrialists and government officials.

    Recently, the corporation commissioner, K Vijayakarthikeyan, city mayor, P Rajkumar and the former district collector, Archana Patnaik visited the German city of Esslingen and signed the Memorandum of Understanding for the twinning of both the cities.

    The officials held meetings with the council members and various officials of Esslingen regarding various developmental and infrastructure projects. Officials have signed agreements for knowledge and technology sharing between the cities. Previously, Vijayakarthikeyan had visited Berlin and held meetings with various investors and presented the smart city proposal prepared for Coimbatore.

    Senior officials in the corporation said that the meeting is mainly to discuss the various avenues through which the companies and investors could partake in the smart city project.

    "While some would contribute through technology, some may invest in the Coimbatore smart cities limited, the special purpose vehicle that was formed," said officials.

    As per officials, apart from smart city, other issues such as solid waste management and waste water treatment will also be discussed and technology sharing may be initiated. The corporation also hopes to attract investors for the project as they are required to raise 100 crore funds before its start.

    The investors will hold a meeting in Chennai as well. But officials said that the government order to commence work under the smart city has not been issued. The civic body has only formed the company but has not appointed any officer or started operating it. They await the government nod to begin the project.

    The Centre would release 200 crore funds only after these formalities are completed. The state and the civic body need to raise 100 crore each in the first phase of the project.

    Smart city project: German team to visit Coimbatore on July 20 | ET RealEstate