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IT is Hot Property in Coimbatore

Last updated: August 24 2020
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  • #21

    #21

    Re : IT is Hot Property in Coimbatore

    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
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    • #22

      #22

      Re : IT is Hot Property in Coimbatore

      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
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      • #23

        #23

        Re : IT is Hot Property in Coimbatore

        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
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        • #24

          #24

          Re : IT is Hot Property in Coimbatore

          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
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          • #25

            #25

            Re : IT is Hot Property in Coimbatore

            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.

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            • #26

              #26

              Re : IT is Hot Property in Coimbatore

              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
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              • #27

                #27

                Re : IT is Hot Property in Coimbatore

                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
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                • #28

                  #28

                  Re : IT is Hot Property in Coimbatore

                  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
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                  • #29

                    #29

                    Re : IT is Hot Property in Coimbatore

                    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
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                    • #30

                      #30

                      Re : IT is Hot Property in Coimbatore

                      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.
                      Thanks!

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