Will Bihar be the preferred real estate destination ever?

The real estate in Bihar has lately given some hope of resurgence. People are becoming more aware of their rights (the latest demonstration was their use of voting powers to call for a change of power) and wants to be a part of the developmental boom as in the rest of India. An 'Investment commision' has been formed which will look into facilitating Bihar's development and to promoting it as an investment destination'.

The state is under a process of image building for an investor-friendly state. It promises certain advantages over already developed states in terms of cheap real estate prices, limited labour-related issues and a large educated manpower at nearly one-third the cost compared to Tier I and II cities. However, Bihar is still to go miles before it does some significant improvement in infrastructure, socio-economic backwardness, and law and order.

Will the interests shown by so many of biggies like Tata Group, MaxHealthCare and ICICI translate into actual investment in Bihar?
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  • Airport issues worry Shotgun Faryal Rumi | TNN | Jul 18, 2018, 02:00 IST

    PATNA: Patna Sahib MP Shatrughan Sinha on Tuesday underlined the need to complete the ongoing extension work at Jayaprakash Narayan International Airport before the winter season.

    “Several flights get delayed due to fog in the winter season. The Airports Authority of India should arrange temporary structures for flyers to reduce the congestion in the arrival and departure areas,” Sinha said at a meeting of the airport advisory committee of which he is the chairman.

    The meet discussed in detail the status of the ongoing works for extension of the airport terminal building. Airport director Rajender Singh Lahauria made a PowerPoint presentation at the meet.


  • Bid to install solar grid on govt buildings TNN | Jul 18, 2018, 02:00 IST

    PATNA: The Patna Smart City Limited (PSCL), under the smart city mission, has started the bidding process to rope in firms for installing solar grid on 42 government buildings in Patna under the ‘grid connected rooftop solar (PV) system’.

    These buildings include Bankipur Girls High School, Bihar School Examination Board, Bharatiya Nritya Kala Mandir, Biscomaun Bhavan, Bihar Rajya Jal Parishad, Bharat Sanchar Nigam Limited, Bankipur Bus Stand, Chamber Of Commerce and City SP Office near Gandhi Maidan, divisional commissioner office, DM residence, DM office, fire brigade office, Gandhi Museum, GPO Patna, Planetarium, Bihar Rajya Khadi Gram Udyog Board, LIC office on Exhibition Road, Sinha Library, Akashwani and Patna Museum.

    Besides, the overall current demand for power in these 42 buildings is approximately 42MW and each building would be able to generate 15.75% of the total required potential renewable energy, which is around 6.6MW.

    Other buildings include LIC office on Fraser Road, New Police Lines, New Patna Club, Magadh Mahila College, Lok Nayak Bhavan, Dakbungalow, Red Cross, Srikrishna Science Centre, Pataliputra Co-operative Bank, Youth Hostel, Bihar Grih Raksha House (NDRF), Telegraph Recreation Club, Officers Hostel, Mahalekhakar Bhavan, Kotwali police station, Kedar Bhavan (Bihar state office), Engineers Club, Electricity Board office, Doordarshan Kendra, Bihar Rajya Police Parivahan Mukhyayalaya, Bihar Pashu Chikitsa Sangh Bhavan and Maurya Lok Complex.

    “The generated solar power will be prioritized for internal consumption first. Any excess power can be exported. The solar power tariff is not under the PSCL purview. Decisions of appropriate authority like power distribution companies and state regulator may be followed,” said one of the PSCL executives.

    He said the estimated outlay for the project is around Rs99.92crore. Officials said the bidders would be finalized by the first week of August. The selected firms will work on the design, engineering, manufacture, supply, storage, civil work, erection, testing and commissioning of the grid connecting the rooftop solar PV project. The work will also include comprehensive maintenance of the project for a period of five years.

  • Minister: Survey for solar energy generation soon TNN | Jul 18, 2018, 02:00 IST

    PATNA: State energy minister Bijendra Prasad Yadav on Tuesday said a survey would soon be conducted for generating solar energy in flood-prone areas of Bihar and assessing future possibilities.

    Speaking at a conference on ‘Accelerating Rural Development through Enhancing Energy Access’ organized by The Energy and Resources Institute (TERI) in association with Jeevika on Tuesday, the energy minister said the perception of people towards renewable resources needed to be changed.

    “Our future depends on green energy. The state education and energy departments and rural development committees should work together to set up systems to harness solar energy. Bihar has high potential for non-conventional energy and setting up solar panels on government schools’ rooftop will change the scenario,” he said.

    According to TERI’s director general Ajay Mathur, “The TERI-Jeevika project demonstrates a strong decentralized model which brings together the state government agencies, local communities and the private sector to plug the energy gap that exists even in grid-connected villages.”

    Mathur pointed out that the Centre’s Saubhagya scheme aimed at providing electricity to all households. “Under its Lighting a Billion Lives (LaBL) campaign, TERI in partnership with Bihar Rural Livelihoods Promotion Society (BRLPS), has benefited over 50,000 households across Bihar by providing access to solar home lighting systems and clean cook stoves,” Mathur said and added the programme’s beneficiaries were in Gaya, Khagaria, Madhubani, Purnia and West Champaran districts.

  • RERA seeks list of projects approved by govt in 5 years Faryal Rumi | TNN | Jul 18, 2018, 02:00 IST

    PATNA: Bihar Real Estate Regulatory Authority (RERA) has asked the state urban development and housing department (UDHD) to provide the list of ongoing and incomplete projects approved in the last five years by competent authorities (PMAA, PRDA, PMC and municipalities).

    RERA Bihar chairman Afzal Amanullah wrote a letter to UDHD principal secretary Chaitanya Prasad on Monday to get the access to the e-municipality software of the department as only limited number of projects in the state had been registered with RERA.

    “No builders and promoters of real estate projects from 25 out of the 38 districts have applied for registration with the authority. It is, therefore, necessary to take effective action to get all the ongoing real estate projects in the state registered under Real Estate (Regulation and Development) Act, 2016,” he wrote.

    Amanullah told this newspaper on Tuesday that RERA Bihar has sought the list of ongoing real estate projects in an area exceeding 500 square metres or having more than eight flats in apartments. “We have also sought the address of builders and promoters, their contact numbers, date of approval and sanction of plans by the competent authority. We have asked UDHD to provide district-wise list to take immediate action against unscrupulous developers,” he said.

    Amanullah said all the builders have to register their projects under Section 3 of the RERA Act 2016. The builders have been asked to register their projects with RERA by July 31 with a late fee of Rs4 lakh or 400% of the registration fee, whichever is higher. The time window for registration of ongoing projects expired on April 30 and it was extended till July 31 with late fine.

    RERA Bihar member Rajiva Bhushan Sinha said 95% of the applications for registering projects had been received from Patna district alone. “The other districts from where applications have been received include Gaya, Muzaffarpur, Bhagalpur, Ara, Vaishali, Purnia, Katihar and Begusarai. RERA has received 525 applications till date and 95 of them have received RERA number. Only 11 brokers have applied for registration so far,” he said.

    RERA Bihar has sent over 130 show-cause notices to various real estate developers in three months for non-compliance and advertising their projects without registration.

  • Hyderabad experts to prepare DPRs of PMC projects TNN | Jul 18, 2018, 02:00 IST

    PATNA: The Patna Municipal Corporation (PMC) has decided to rope in experts from the Administrative Staff College of India (ASCI)-Hyderabad for preparing detailed project reports (DPR) of its schemes.

    According to PMC commissioner Anupam Kumar Suman, a letter in this regard has been sent to the ASCI chairman. “The ASCI experts will prepare DPRs for projects such as vending zones, commercial zones and other redevelopment initiatives,” he said.

    Talking to this reporter after the PMC’s empowered standing committee meeting earlier in the day, Suman said the ASCI team would start working actively within 20 days.

    The standing committee meet also decided to form a separate division for maintenance of the Ganga riverfront. “The civic body will soon form ‘a Ganga division’, which will work for the cleanliness of ghats throughout the year. Several officials will be deputed in this division which will have a separate office, probably at the riverfront,” Suman said.

    He also said the PMC will upgrade its control room and form a ‘combat cell’. “The combat cell-cum-control room will start working from next week. We will release a toll-free number , and it will work like a call centre where public complaints will be received and forwarded to the concerned for solution,” the municipal commissioner said and added a mobile app for the purpose was also in the pipeline.

    As for other decisions at the standing committee meeting, Suman said an ‘emergency fund’ of Rs 50 lakh each was allocated to all the 75 wards for water supply management issues. Another Rs 50 lakh will be available with each ward for road repair work.

    The PMC has also floated tender for roping in firms for setting up a solid waste management plant at Ramachak Bairiya garbage dumping point, Suman said.