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IT is Hot Property in Coimbatore

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  • #31

    #31

    Re : IT is Hot Property in Coimbatore

    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
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    • #32

      #32

      Re : IT is Hot Property in Coimbatore

      Builder Elysium takes legal action on protesters in Coimbatore
      On Monday, the builder told media that the incident was a ploy by two buyers to generate negative publicity for Elysium.
      TNN | Aug 23, 2016, 11.00 AM IST

      COIMBATORE: Four days after about 50 property owners in Elysium's Flushing Meadows, dumped substandard quality products used for construction, in front of Elysium's office on Avinashi Road, the builders issued a clarification.

      On Monday, the builder told media that the incident was a ploy by two buyers to generate negative publicity for Elysium. "The Flushing Meadows House Owners Association is not legitimate, because the self-appointed president, G K Nagaraj, has not been handed over possession of his house because of non-payment of dues," said the statement.

      "Elysium has initiated legal action against Nagaraj and another protester, G Vijayakumar, who both owe the company money," it said. "They want us to drop all legal cases against them, but without them paying the full amount," it added.

      They also said that they had not compromised on the quality of construction materials and were ready to enter into a dialogue with a legitimate association, if formed to discuss future concern.







      Builder Elysium takes legal action on protesters in Coimbatore | ET RealEstate
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      • #33

        #33

        Re : IT is Hot Property in Coimbatore

        Property buyers of True Value Homes' Coimbatore project protest delay in handing over of apartments
        Pointing out that they were promised apartments by 2013, the protesters said they were burdened with bank interests and house rents because of the indefinite delay in handing over the housing units to them.
        TNN | Sep 01, 2016, 04.30 PM IST

        COIMBATORE: At least 50 property buyers on Wednesday afternoon protested in front of True Value Homes' residential building project site on Trichy Road, alleging that the builder has delayed the project by three years, despite a majority of them paying 80% to 95% of the unit cost.

        Pointing out that they were promised apartments by 2013, the protesters said they were burdened with bank interests and house rents because of the indefinite delay in handing over the housing units to them.

        The builders, meanwhile, said they would hand over the units by December this year. True Value Homes floated 'Vista Heights' project with more than 800 units spread across 12 towers consisting of one, two, three and four bedroom apartments, on Trichy Road in 2010. They reportedly began construction somewhere late that year or early 2011.

        "They had promised a majority of us that our apartments will be handed over by 2013," said B Sathyanarayanan, who had bought an apartment on the 14th floor of tower nine. Sathyanarayanan said he had paid 90% of the cost by 2012.

        "They have missed the deadline by three years. And the apartments are not even half ready," said another buyer, S Sudarshan.

        The buyers claimed that whenever they contacted directors of the company to know reasons for the delay, they evaded them. "They just made some excuses," said S G Dastagiri, another investor who had bought a flat on the fifth floor of tower four. "Now, they say they do not have money and will try selling properties in Chennai to finish the project. If that is the case, where did our money go?" asked C Shanmugam, who has paid almost 50 lakh for his house in tower five.

        The protesters said the delay in handing over the project has hit them financially as they were burdened with bank interest on their loans, besides house rents. S Gandhimathi, who has paid 22 lakh for her apartment costing 24 lakh in the 12th tower two years ago, said the extra financial burden has hit them severely.

        "We have paid at least 80% of the amount by June last," said Sangeetha Mohan, another buyer who bought a house on the 15th floor in tower nine.

        True Value Homes, when contacted by TOI, said they had held a videoconference with the protestors on Wednesday evening. "The project is delayed because of defaults in payments by property buyers," said the company spokesperson, N Sundarji. "We have already handed over 300 units and plan to hand over another 150 units over the next 60 days. All the units will be handed over by December," he further said.

        The investors, however, said only 160 apartments were handed over so far that too without completing the works fully. "We lack basic amenities like water and drainage system. Even elevators don't function well," said a resident.










        Property buyers of True Value Homes' Coimbatore project protest delay in handing over of apartments | ET RealEstate
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        • #34

          #34

          Re : IT is Hot Property in Coimbatore

          Several big-budget bridge projects across Coimbatore stalled

          While some projects are stuck due to technical problems, several others are delayed due to land acquisition.Komal Gautham | TNN | October 24, 2016, 11:29 IST

          COIMBATORE: The Gandhipuram flyover which was progressing at a fast pace has been stuck for the past several months due to delay in getting transformers shifted. Likewise, work on the 22 crore SIHS Colony flyover, which began in 2012, has also been stalled. Even on Sunday, residents and some political parties staged a rail roko condemning the delay in the project at SIHS Colony.

          While some projects are stuck due to technical problems, several others are delayed due to land acquisition.

          "We met the land owners in SIHS Colony area and have negotiated the prices with them. The district collector, revenue department and other officials met them to finalise the price. We hope that the issue would get resolved soon," said a highways official.

          Another project that is stuck due to land acquisition is Avarampalayam rail over bridge. "Negotiations with the land owners are held on a regular basis for this project as well," said an officer.

          The official added that after the land prices are fixed, the project would be kick-started.

          The Gandhipuram flyover project that was supposed to open to the public this year has been stalled. "The civil work has been stalled due to various issues that have not been resolved. The shifting of three temples was a priority but this work has not even started. Unless this is done, the sub-ways cannot be constructed," said an engineer.

          Another obstacle was the laying of high-tension cables which is still incomplete. "There were some objections from private owners regarding laying of the high tension lines near their property. We had to talk to them to resolve it. We are also laying optic fibre cables. This work would be completed in a month's time," said an official attached to the Tamil Nadu Generation and Distribution Corporation (Tangedco).

          The highways officials said only after the cable work is complete the first phase of the flyover near 100-Feet Road would be completed and the second phase would be speeded up.

          DMK MLA, N Karthik, said that he had raised these issues in the assembly as well. "According to the highways minister, the SIHS Colony flyover was stuck in litigations as the land owners are demanding a price that is higher than what was fixed by the revenue department," he said. The delay in all these big-budget projects has been an issue.

          "We have protested several times and so have the public. This shows that the district administration is not equipped to handle and complete projects on time. Only in Coimbatore, all the flyover projects are delayed," Karthik said.








          http://realty.economictimes.indiatim...alled/55023190



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          • #35

            #35

            Re : IT is Hot Property in Coimbatore

            Coimbatore the new dump yard for Kerala

            A Subburaj| TNN | Updated: Oct 28, 2016, 02.38 PM IST


            COIMBATORE: As many as 23 truck drivers were arrested on Thursday for trying to dump medical, plastic and rubber waste transported from Kozhikode and other parts of Kerala in Ettimadai here. Residents of the area had on Monday handed over the trucks to police.

            On Monday, S Mohammed Iliyas, 50, of Palakkad in Kerala, had brought medical and other waste collected from various parts of Kerala to Ettimadai in 23 trucks. Soon, residents captured the trucks and drivers attempting to dump the waste in an agricultural field belonging to M Chellappa Gounder, 75, and informed the KG Chavadi police, who took over the case.

            Following the incident, various political outfits urged collector T N Hariharan to take stringent action against the truck drivers.

            Preliminary investigation revealed that Iliyas had taken on lease one acre of land from Chellappa Gounder. Ettimadai town panchayat executive officer Valarmathi then lodged a complaint with KG Chavadi police sub-inspector V Ravikumar, who registered a case against Chellappa Gounder, Iliyas, B Shabeer, 55, of Mysuru in Karnataka and Shaji of Kozhikode in Kerala under IPC Section 270 (malignant act likely to spread infection of disease dangerous to life). Police had arrested Iliyas on Monday. A court later sent him to jail. According to investigating officials, Shabeer and Shaji collected the waste from various parts in Kerala and sold them to Iliyas. The two men are still at large. Police are likely to arrest Chellappa Gounder on October 31.

            Sub-inspector Ravikumar told TOI that armed police were deployed to guard the trucks seized in Ettimadai. The judicial magistrate court -VII will take a final call on disposal of the waste on Monday. A senior police officer said all the trucks entered the state through the Walayar check-post.





            http://timesofindia.indiatimes.com/c...w/55113197.cms




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            • #36

              #36

              Re : IT is Hot Property in Coimbatore

              HC ruling spurs demand for 'DTCP approved' plots in Coimbatore

              Realtors agree that registrations have not happened, because most of the buyers were waiting for the final verdict in the case, which was pronounced a week back, and hope registrations will pick up in the coming days.Pratiksha Ramkumar | TNN | November 05, 2016, 13:00 IST


              COIMBATORE: 'DTCP approved' seems to be the new catchphrase in all the real estate advertisements. Two months after a high court ruling ordering that only plots approved by the Directorate of Town and Country Planning (DTCP) can be registered, the demand for such approved plots has gone up in the city.

              "In a place like Coimbatore, hardly 5% to 10% of the plots are DTCP approved. So, many investors want to buy them either before their prices go up or before they have to content with unapproved plots," said the vice-president of Hanu Reddy Realtors, Coimbatore, R Hariprakash.

              "This situation has led to an increase in demand for DTCP approved plots," said V P Dhanapal of Dhana Real Estate. However, registration officials say that there was no marked increase in registration of land in the recent past.

              Realtors agree that registrations have not happened, because most of the buyers were waiting for the final verdict in the case, which was pronounced a week back, and hope registrations will pick up in the coming days.

              "While we were registering around 10 DTCP approved plots every three months before September, now we hope that the number would go up to 30," he said.

              K Muthukumar, a document writer, said, "In most of these transactions, an advance is paid and the plot is booked. Actual registrations will probably be seen in November and December."

              Realtors say the court ruling has brought about a lot of awareness among potential investors and buyers. "While before the ruling, enquiries would just be about availability of land in a particular place within their budget, after the ruling at least six out of 10 people specifically ask and confirm if we have DTCP approved land available in the area within their budget," said Hariprakash.

              "This is despite DTCP approved plots within every area being at least 40% to 100% more than just a panchayat approved plot in the vicinity and neighbourhood," said S S Shankar of city-based Surabi Home Promoters.

              A few realtors also noticed prices of DTCP approved sites going up by around 15% after the ruling. "Prime areas where creation and sale of plots have been taking place are Kalapatti belt, Vadavalli and Thudiyalur. DTCP approved layouts between the airport and Nehru Nagar would be around Rs 15 lakh per cent, and it would be around Rs 4.5 lakh to Rs 11 lakh in Vadavalli," said Hariprakash.

              "Any unapproved land in the same vicinities would be close to half the price. While the educated middle-class, especially those buying in Saravanampatti don't mind paying the high price, other middle-class buyers are waiting for the court to change its ruling," said Shankar.

              However, the overall real estate market in the district is still in a lull, said property developers and promoters.

              "Despite DTCP approved plots being in a small number, they are not flying off the shelf and getting registered," said S Senthil Kumar, state coordinator, Federation of All India Federation of Realtors and Agents Association.

              "In fact, no properties are moving, be it approved or unapproved. If we used to get around five documents registered in a week, it has become less than five registrations in a month," he said. "Simply because DTCP approved land is in extremely short supply and land owners who have raised prices after the ruling are not finding takers. Funnily, panchayat approved land owners too are raising prices instead of bringing it down," he added.






              http://realty.economictimes.indiatim...atore/55256186

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              • #37

                #37

                Re : IT is Hot Property in Coimbatore

                Corporation mops up Rs 11cr in single day

                Updated: Nov 12, 2016, 03.15 AM IST


                Coimbatore: The Coimbatore Corporation has recorded its highest tax collection of Rs 11 crore on Friday, after it agreed to accept the scrapped Rs 500 and Rs 1,000 notes from taxpayers.

                As of 9pm on Friday, close to Rs 10.9crore was collected of which property tax alone was Rs 8.15 crore. Residents paid Rs1crore in water charges and the remaining amount was for other taxes. A corporation official said this was one of their highest collections on a single day in the last 10 years. As all the zonal offices were flooded with taxpayers, collection centres were set up in ward offices as well.

                A revenue department official said the demonetized notes would be accepted until Monday night and requested all residents who had not paid their taxes to avail this opportunity.

                "By 1pm, we had made a collection of Rs4.20crore and were surprised at this huge collection. On any given day, the collection does not go beyond Rs1crore. While Rs27lakh was collected on Wednesday, Rs50lakh was collected on Thursday. After Prime Minister Narendra Modi demonetized the Rs500 and Rs1000 currencies, more people have come forward to pay their taxes," an official said.

                This year, 50% of the corporation's total revenue has come from taxes.





                http://timesofindia.indiatimes.com/c...w/55380510.cms

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                • #38

                  #38

                  Re : IT is Hot Property in Coimbatore

                  197 encroachers evicted from land in Tirupur

                  TNN | Updated: Nov 25, 2016, 09.31 AM IST

                  COIMBATORE: The Tirupur district administration evicted families residing in 197 houses constructed on land belonging to Hindu Religious and Charitable Endowments(HR&CE) in Nehru Nagar on Wednesday. However, 34 families refused to vacate, demanding two flats per family from the slum clearance board at the relocation area in Palladam.

                  When the district administration decided to evict encroachers, the 197 families were allotted a house each at Karaipudur in Arivoli Nagar, Palladam. "An extensive exercise was carried out to identify the beneficiaries. A total of 10 teams, each led by a tahsildar, identified the beneficiary in each family," said an official of the district administration. This past January, the district administration handed over the houses to beneficiaries.

                  "People started moving into their new homes. But 34 families refused to move out. They demanded two houses each," the official said. "They argued that a mother and son could not live in the same house forever and thus demanded two houses," the official said.

                  The families had encroached on two acres of HR&CE land for nearly 15 years. "Once the families are evicted, the land will be used to construct buildings for the district administration. Also, a path will be created to reach the district court," the official said.

                  The revenue department and the HR&CE had issued eviction notices to all the families one month ago. "A warning was also issued to families who refused to vacate on Tuesday. On Thursday, the families who resisted were convinced to move to their new homes in Palladam," the official said.






                  http://timesofindia.indiatimes.com/c...w/55609382.cms


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                  • #39

                    #39

                    Re : IT is Hot Property in Coimbatore

                    Eviction drive reclaims land worth 25 crore

                    TNN | Updated: Dec 27, 2016, 01.13 PM IST

                    COIMBATORE: The city corporation has reclaimed about Rs 25 crore worth reserve sites encroached upon for the last several years in a two-day drive on December 23 and 24.

                    Armed with earthmovers and ground staff, the civic body managed to pull down encroached structures on reserve site land across five zones in the city. A statement from the corporation commissioner and special officer K Vijayakarthikeyan said that the total spread of the recovered land was 2.25 acres worth Rs 24.6 crore.

                    "We have installed boards in reclaimed land declaring that they belong to the civic body. The drive against encroachment of the corporation land would continue,'' he said. The largest chunk of encroached land retrieved by the civic body was from Udhaya Nagar at Vilankurichi where an area of 85 cents worth Rs 8 crore was under occupation by a private person. The other stretches that were brought back into the corporation fold were a Rs 3-crore worth land at Vadavalli, Rs 5.6 crore worth 70 cents of land at Sundakkamuthur and Rs 8 crore worth 50 cent land at Saravanampatti.

                    Corporation authorities said that some of the land had buildings used as shops, which were razed down during the drive, while a few were empty. There was not much resistance from the encroachers, the authorities said.

                    With this drive, the civic body has retrieved about Rs 102 crore worth of the corporation's encroached land measuring approximately 6.5 acres in November and December.

                    The biggest recovery was during the two-day drive conducted on November 19 when the civic body officials retrieved reserved sites measuring 2.70 acre worth Rs 40.3 crore across the five zones in the city. The town planning officials have the database of encroachments in reserve sites in seven wards. Some of these land like the one retrieved at Ganapathy area during a drive in the first week of December were under encroachment for about 50 years. They were even sold and resold to various people until the civic body identified that it was a reserve site and meant to be handed over to the corporation.

                    The civic body then had to wage a legal battle and win a court case to retrieve the reserve site.






                    http://timesofindia.indiatimes.com/c...w/56197866.cms



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                    • #40

                      #40

                      Re : IT is Hot Property in Coimbatore

                      Dist admin prepares Rs 87-crore proposal to rejuvenate River Kowsika

                      TNN | Updated: Dec 31, 2016, 12.32 PM IST


                      COIMBATORE: After repeated attempts by activists to rejuvenate River Kowsika and petitioning the state government on the same, the district administration has made the first move to take up the project. The administration has prepared a detailed report for the project worth Rs 87 crore. The report will be submitted to the state government requesting for funds.

                      A few months ago, the agriculture engineering department surveyed the river's bed, from its origin in the Kurudi Mountains to original stream route until Aandipalayam village in Tirupur, where it joins the Noyyal River. Based on the survey, officials found the reasons behind the historic river drying up and ways to revive it.

                      "The river originates from a falls in the Kurudi Mountains. For many decades, farmers have been diverting the stream and changing its route to benefit their farm lands," says P K Selvaraj, an activist who has been campaigning for the revival of the river for many years. "Besides the low rainfall in recent years, many brick kiln owners have been digging out gravel from 30-ft deep pits spread across 150 acres on the stream route. So, water gets collected in those pits," he says.

                      To solve this problem, the agriculture engineering department has prepared a proposal for Rs 87 crore to revive the river. The proposal includes constructing big and small check-dams at required places and construction of rainwater harvesting pits or ponds in low-lying areas within a farmer's cultivable land.

                      "We also plan to reinstate the original route through which the perennial river used to flow. We plan to desilt the river bed, make it deeper and plant native species of trees on both sides of the river to prevent soil erosion," said one of the senior engineers working on the project.

                      "We also need to level the land through its route so a lot of water does not get collected and emptied in one location," he said. The report will be submitted to the state government on Monday.

                      The 49.7km-long stretch of the river, which includes 39km in Coimbatore district and 10.8km in Tirupur, joins the Noyyal River at Aandipalayam. "The river will support at least 25,000 acres. So, once the river is rejuvenated even farmhands in the region will not move out looking for other work," said the engineer.






                      http://timesofindia.indiatimes.com/c...w/56264382.cms


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