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Latest News In and around Jaipur & Other Towns of Rajasthan

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Latest News In and around Jaipur & Other Towns of Rajasthan

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  • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

    Stamp duty collections in Jaipur surge by over 15% so far in current fiscal

    During April to January, the collections have risen to Rs 4,118 crore compared to Rs 3,569 crore in the first 10 months of 2019-20. Real estate developers in the city confirmed that there is a revival in demand for housing.
    JAIPUR: Stamp duty collections have surged by over 15% so far in the current fiscal indicating a revival in the real estate market. In fact, the growth has been steady from June onwards after the washout in April and May due to lockdown.

    During April to January, the collections have risen to Rs 4,118 crore compared to Rs 3,569 crore in the first 10 months of 2019-20. Real estate developers in the city confirmed that there is a revival in demand for housing.

    N K Gupta, chairman of a leading real estate company said, “The revival has started some 5-6 months ago and thankfully the demand is holding up. After the pandemic, people have realized the importance of a spacious house.”

    Going forward, Gupta said the demand will sustain. “The growth we have seen in the past few months is fuelled by end users. And the pattern of the demand is organic. That’s why we believe the upward trend is organic and will be sustained.”

    Leading developers said the buyers’ sentiment has improved and all areas of the city are witnessing demand. “We see demand coming from all the areas of the city which is a good sign. The presence of investors are negligible,” said Anand Mishra, director of one of the oldest real estate firms.

    When asked if the lower returns on commercial properties driving demand for housing projects, Mishra said, “In general situations, the returns are higher from commercial projects which attract investors. They enter housing market if the demand is high and the outlook for price appreciation looks promising. The pandemic has hit the commercial space and may be they will also return to the housing market by looking at the current demand,” added Mishra.

    On pricing, Gupta said there is no decline in prices. “Prices have either stabilised or risen marginally by 5% or so. May be there is a fear that prices may go up which is one of the factors driving the market.”

    More than 90% of the stamp duty collection comes from property transactions. In the financial year 2019-20, the stamp and registration department had an income of Rs 5,350 crore. Senior officials in the department said that they will not only crossthe last year’s levels but post a handsome growth.











    Stamp duty collections in Jaipur surge by over 15% so far in current fiscal, Real Estate News, ET RealEstate (indiatimes.com)
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    • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

      Jaipur: JDA to strip ownership of landlords who developed illegal colonies

      Following the direction of Jaipur Development Commissioner (JDC) Gaurav Goyal, the zone commissioners have written a letter to tehsildars and subdivision officers.
      JAIPUR: In a first, Jaipur Development Authority (JDA) is all set to strip the ownership of land owners who have illegally developed colonies on agriculture land. So far, the civic body has prepared the list of 31 such colonies. Following the direction of Jaipur Development Commissioner (JDC) Gaurav Goyal, the zone commissioners have written a letter to tehsildars and subdivision officers.

      An official said, “To discourage such practice in future, proceedings for cancellation of ownership has been implemented under the Section 175 of Rajasthan Tenancy Act against the land holders.”

      To protect residents from getting duped, the JDA has also directed the enforcement wing to again conduct zone-wise physical survey of illegal colonies. The civic body has also issued an appeal to the public and buyers to thoroughly verify the ownership documents of the land before purchasing any plot.

      With a spurt in population and increase in demand for land, the illegal construction and development of colonies in the city is on the rise. Cracking down heavily on the illegal colonies and encroachments in the state capital, the (JDA) in the past three months demolished a total of 79 establishments, which were being developed on over 1,000 bighas in separate areas.

      These illegal colonies were developed either after encroaching the government land or on agriculture land without the civic body’s approval. After land mafias became active and developed many illegal colonies during the pandemic, the JDA in October conducted a meeting to tackle the issue.

      Directions were issued to the enforcement wing to act against these illegal establishments after dividing it into three categories. An enforcement wing official said, “There has been zero tolerance against encroachment on government land. Second point in our agenda was to act against the mafias who are using agricultural land for non-agricultural and commercial purpose after illegally developing a colony.”












      Jaipur: JDA to strip ownership of landlords who developed illegal colonies, Real Estate News, ET RealEstate (indiatimes.com)
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      • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

        Jaipur development body miserably fails in providing EWS & LIG houses

        In the past five years, the civic body was able to provide possession to only 991 affordable houses as against approved 44,900 houses in more than 65 schemes. As per JDA records, more than 15,000 flats of EWS/LIG category are under construction and will be allotted soon.
        JAIPUR: The Jaipur Development Authority (JDA) has miserably failed in providing houses to economic weaker section (EWS) and lower income group (LIG) under the Chief Minister Jan Awas Yojana.

        In the past five years, the civic body was able to provide possession to only 991 affordable houses as against approved 44,900 houses in more than 65 schemes. As per JDA records, more than 15,000 flats of EWS/LIG category are under construction and will be allotted soon. The work in 69 multi-storied housing schemes is in progress. Similarly, plots will be allotted in 15 housing colonies.

        An official said, the civic body provides relaxation in land conversion, building map approval and other charges to developers for constructing houses for EWS and LIG category. In return of the benefits, the private developers have to develop schemes and invite applications by lottery in the presence of representative of local bodies. "Around 36,000 affordable houses are proposed to be constructed in private schemes and 7,500 houses in JDA colonies. JDA is planning to impose late fee on the developers who have not completed the construction," said an official.

        Sources said, in a recent meeting the zone commissioners were also directed to monitor the houses and plots constructed under the Chief Minister Jan Awaas Yojana. However, report of 19 schemes is still pending.

        As per the township policy rules, builders or developers launching group housing schemes or high-rises have to construct houses for EWS and LIG category. Till date, no project has been cancelled or penalty has been imposed on developers who have not initiated construction.

        Sources said, "Developers had shown apprehension to construct houses for poor on premium land and schemes. Following this, relaxation was provided to construct houses for EWS and LIG category on some other project land. However, many have not adhered to the policy. But no action was taken," he said.












        Jaipur development body miserably fails in providing EWS & LIG houses, Real Estate News, ET RealEstate (indiatimes.com)
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        • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

          Rajasthan: 3.17 lakh PMAY-Gramin houses not complete

          Of the 13.33 lakh sanctioned houses under PMAY-G from 2016-17 to 2020-21, construction of 10.15 lakh has been completed, according to the rural development department data. Representative Image JAIPUR: A rural development department report states that of the 3.17 lakh incomplete houses under Pradhan Mantri Awaas Yojana-Grameen (PMAY-G), highest number of such houses is in Barmer district at 49,120 followed by Banswara at 33,814 (up to February 1). Jodhpur is at the third position in terms of incomplete houses at 21,837.

          Of the 13.33 lakh sanctioned houses under PMAY-G from 2016-17 to 2020-21, construction of 10.15 lakh has been completed, according to the rural development department data.

          In all, 79,437 houses are yet to be completed even 12 months after sanctioning of first instalment of the money, 86,424 houses are yet to be completed even after nine months of sanctioning of first instalment of the money and 1.77 lakh houses are yet to be completed even after six months of sanctioning of the first instalment of the money.

          Meanwhile in Jaipur, of the 13,454 sanctioned houses under PMAY-G, construction of 11,001 houses has been completed and 2,409 are still incomplete, according to the data.

          The additional chief secretary (ACS) of the department Rohit Kumar Singh has directed all the district collectors to complete construction of the remaining 3.17 lakh houses by March 31 at the rate of 4,767 houses per day (as per directions issued on January 15).

          Two months after the start of ‘Pura Kaam, Pura Daam’ campaign in the state under MGNREGA, the average wage rate in the districts has gone up to Rs 195, as per the work done in 15 different activities selected by the rural development department.

          According to an official in the department, the average wage rate had increased from Rs 169 to Rs 193 in the first fortnight of the campaign. In the third fortnight, the campaign was run involving 30 different activities and in the fourth fortnight all activities under the scheme will be involved.









          Rajasthan: 3.17 lakh PMAY-Gramin houses not complete, Real Estate News, ET RealEstate (indiatimes.com)

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          • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

            Jaipur: Vacant flats for poor to be given on rent

            Around 1,968, flats were developed in Jaisinghpura Khor Block A&C for Kacchi Basti dwellers and were asked by the government to give their consent that they are ready to shift in writing.
            JAIPUR: Flats constructed for the slum dwellers in the city will now be given on rent to others as none of the dwellers have shown any interest in shifting to these houses.

            Around 1,968, flats were developed in Jaisinghpura Khor Block A&C for Kacchi Basti dwellers and were asked by the government to give their consent that they are ready to shift in writing.

            None of the slum dwellers, however, applied in Jaipur Municipal Corporation (JMC), Heritage, reacting to which now those flats will be given on rent to other companies or individuals. The decision of not applying to the JMC, Heritage for flats will have difficult consequences on slum dwellers as now they have lost the right to be provided an accommodation by the government while authorities can remove them from the land whenever they want.

            A senior official of JMC, Heritage, on condition of anonymity said, “Slum dwellers were given time and they didn’t submit their consent and now they have lost the right to get accommodation. The land they are currently residing will be considered as encroachment. Proceedings are on and in a recent meeting at RUDISCO, it has been decided that all the vacant properties constructed under various schemes in the state will now be given under Affordable Rental Housing Complex (ARHC) under Pradhan Mantri Awas Yojna.”

            The decision was taken to make these houses useful for others who are not able to afford houses in the city instead of waiting for others to shift.

            The flats at Jaisinghpura Khor were constructed by Jaipur Development Authority (JDA), hence it was decided that it will be inviting proposals for rent. Very soon, the file will be sent to make these properties available on rent. According to the minutes of the meeting held in RUDISCO, it was mentioned that of the total 11,772 flats in Rajasthan, 7,095 are unoccupied and 4,677 are under-construction.

            Out of 15 cities mentioned in Rajasthan, 5,234 houses are unoccupied in Jaipur, highest in the state. In 324 cities of the country, over 1.19 lakh houses are lying vacant constructed under various schemes for affordable housing for the poor.












            Jaipur: Vacant flats for poor to be given on rent, Real Estate News, ET RealEstate (indiatimes.com)
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            • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

              More defaulters under Rajasthan RERA's watchlist

              In the span of one month, the (Rajasthan-RERA) has already slapped notices to nearly 312 developers and new list of over 75 developers has been prepared who have failed to adhere to the self-set deadlines.
              JAIPUR: After witnessing inordinate delays in the project completion, the Real Estate Regulatory Authority (Rajasthan-RERA) gears up to issue more notices developers and builders and promoters.

              In the span of one month, the (Rajasthan-RERA) has already slapped notices to nearly 312 developers and new list of over 75 developers has been prepared who have failed to adhere to the self-set deadlines.

              An official at RERA said, “The process to examine the reply of the developers who were issued notices before has started. Meanwhile, more notices have been issued to projects where deadline is lapsed. The action against all the developers will be taken all together,” he said.

              The notices talk of imposing penalties on the guilty builders and for the RERA to arrange completion of remaining works with assistance from third parties.

              An official said, “Directions were also issued to the developers to stop further bookings or sale of any apartment, plot or building in the lapsed projects. Also, the promoter could be penalised under Section 61 of the Act if this requirement is not met. Under this section, the promoter shall be liable to a penalty which may extend up to 5% of the estimated cost of the real estate project,” said the official.

              As per the rule, the builder and promoters are required to submit a completion report with RERA before the final date of project completion, declared by them during registration. In case of any delay in project completion, the developers are required to apply with the regulatory authority for an extension to complete the remaining work. These builders and promoters have not fulfilled any of the two conditions. Notices have been issued to them seeking a response in one month. Penalty will also be imposed on them if they fail to respond.”

              Sources at RERA said, “RERA in Rajasthan came into force from June 1, 2017 and total of 1457 projects have been registered so far across the state. Nearly 400 developers defaulting is not a good sign,” sources said.

              This year in May, on the ground of force majeure, extension of 12 months was granted to the real estate projects expiring on or after March 19. “Notices are being issued to projects, which failed to complete before the given deadline,” said source.












              More defaulters under Rajasthan RERA's watchlist, Real Estate News, ET RealEstate (indiatimes.com)
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              • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

                Jaipur: JDA to tighten noose on realtors for not developing colonies on approved plots

                An official said, “The developers who failed to adhere to the norms will face action. From every approved scheme 12.5 per cent land is mortgaged by the developers. The JDA will sell that land and carry out developments in these colonies."
                JAIPUR: The Jaipur Development Authority (JDA) has decided to tighten its noose on private developers who did not develop facilities after getting colonies approved from the civic body. The JDA will issue notices to such defaulters. The developers will have to create facilities including parks, road, sewerage and others within 15 days after receiving the notice.

                An official said, “The developers who failed to adhere to the norms will face action. From every approved scheme 12.5 per cent land is mortgaged by the developers. The JDA will sell that land and carry out developments in these colonies. Since 2015, the civic body has prepared a list of 511 defaulted colonies.”

                Though action will be taken against private developers, JDA itself is often criticised for not carrying out development in its own colonies. The civic body has developed 112 colonies after 2005 in various zones, but majority of them wear a deserted look in absence of infrastructure. “The JDA has begun work in its previously developed colonies including Central Spine and Nilay Kunj. Infrastructure will soon be developed in more colonies,” said an official.

                JDA is all set to take away ownership from land owners who have illegally developed colonies on agriculture land. So far, a list of 31 such colonies has been prepared. Following the directions of Jaipur Development commissioner (JDC) Gaurav Goyal, the zone commissioners have written a letter to tehsildars and sub-division officers. An official said, “To discourage such practices in future, proceedings for cancelling ownership have been implemented under Section 175 of Rajasthan Tenancy Act against land holders.”

                To protect residents from getting duped, JDA has also directed the enforcement wing to again conduct zone-wise physical survey of illegal colonies. The civic body has also issued an appeal to the public and buyers to thoroughly verify the ownership documents of the land before purchasing any plot. With a spurt in population and increase in demand for land, the illegal construction and development of colonies in the city is on the rise.









                Jaipur: JDA to tighten noose on realtors for not developing colonies on approved plots, Real Estate News, ET RealEstate (indiatimes.com)
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                • Re : Latest News In and around Jaipur & Other Towns of Rajasthan

                  Now, Jaipur development body's nod must to put up gates on colony roads

                  The decision was taken at a meeting of the traffic control board, in which the officials of JDA, JMC, transport department and traffic board participated.
                  • TNN
                  • February 27, 2021, 12:00 IST

                  JAIPUR: Giving relief to city residents, the Jaipur Development Authority (JDA) on Friday decided to remove colony gates on sector roads which are over 60-ft wide and not to allow residential welfare societies to put up gates without the permission of zone commissioners.

                  The decision was taken at a meeting of the traffic control board, in which the officials of JDA, JMC, transport department and traffic board participated.

                  In a four-part series from February 6 to 9, TOI had published articles on inconveniences caused by colony gates to the public and traffic, the high-handed behaviour of residential welfare societies and problems faced by common people.

                  JDA enforcement in-charge Raghuveer Saini said that the decisions were taken after listening to the complaints of residents. “We opened 59 colony gates recently. There are many who support gates as they are a form of security. We have regularised them and decided that the gates will be operated by resident welfare associations. They can keep the gates closed from 11am to 5am. Security guards will have to be appointed and one gate has to be kept open at night for the convenience of people.












                  Now, Jaipur development body's nod must to put up gates on colony roads, Real Estate News, ET RealEstate (indiatimes.com)
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