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Latest RE News - Bihar

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Latest RE News - Bihar

Last updated: September 17 2021
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  • #21


    Re : Latest RE News - Bihar

    50,000 houses to be built for urban poor in Bihar

    Patna : Bihar Chief Minister Nitish Kumar today announced that the state government will build 50,000 houses for poor people in 28 towns of the state.

    The 50,000 houses would be built under integrated housing scheme, apart from those being erected under the central project Indira Awas Yojana, the chief minister said while handing over keys of 192 newly-built houses here to beneficiaries who are urban poor.

    The houses were built in Isopur and Phulwarishrief areas of the state capital.

    Kumar emphasised the need for constructing earthquake- resistant houses saying a master plan was being prepared for such houses for Patna city.

    He also planted trees on the occasion.

    50,000 houses to be built for urban poor in Bihar
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    • #22


      Re : Latest RE News - Bihar

      Originally posted by mohan View Post
      There need to be a change in perspective required for obvious... People outside bihar dont know about bihar... they only know about the spontaneous hillarious comment making CM and the gunda raaj but what they ignore is the amount of potential bihar has... and this is what the investors are visioning...

      I think the investors are very foresighting their profit by making investments in Bihar... their investment will entail in sure realty boom in bihar.... you can take my words for granted... east or west bihar is the best...
      I think, no one is his senses would think of investing in Bihar till the time lallu is alive. Although he has been vanquished in 2 elections, one small political mistake and that clown can be back in power. Lallu and Rabri is to Bihar what Bin-laden was to US. It will take even Nitish kumar some 20 years more to get Bihar to even a level of UP or an MP.


      • #23


        Re : Latest RE News - Bihar

        Hamara UP ka sher Akhilesh Yadav bhi aapke bihar ke Lalooooua ke raah par chal pada hai================Pati nahi ab UP ka kya hoga????


        • #24


          Re : Latest RE News - Bihar

          Land worth crore leased for ever, almost free!

          SASARAM: In a startling case, Sasaram Nagar Parishad board, on March 29 this year, decided to permanently lease out a plot of land worth at least Rs 1 crore almost free - for a monthly rent of just Rs 2 per month! According to sources, this was for the first time in the history of the Parishad that a mutation case was brought and decided at the board meeting.

          A legal expert, Chandra Bhushan Singh, who practises in Sasaram court, claimed that this case of transfer of property to a third party by the successor of the original lessee was in flagrant violation of the Indian Property Transfer Act, which clearly states that leased property could not be transferred and sub-leased to another person.

          Showing some hurry in the matter, the executive officer of Sasaram Nagar Parishad, P Lal, implemented the mutation decision without its ratification at the next board meeting, by issuing a letter on April 16, 2012, informing the beneficiary that mutation of the plot had been made in his name, sources said.

          However, Lal washed his hands off the case, saying he was bound to obey the decision of the board. He added that though the board had not decided to revise the rent of the plot, this would be done.

          On February 3, 1961, Sasaram Nagar Palika had settled 3.9 katthas of land at Sarai Road in ward number 2, now a business hub of the district, on permanent lease to one Sheikh Ashraf Hussain on a monthly rent of Rs 2. The rent was to be paid in the first week of every month and the lessee and his successors were to remain in possession of the leased property permanently.

          The documents in possession of TOI reveal that the rent was never paid on time. On April 5, 2005, rent of 21 years from 1984 to 2005 amounting to Rs 504 was paid to the Nagar Palika, sources said. They also said that after the Sheikh's demise some years back, his three sons divided the leased plot among themselves. The share of each son came to 1.3 kattha.

          Later, one of the sons, Chand Ashraf, applied to the executive officer, Sasaram Nagar Parishad, requesting transfer of his share of the leased plot to a businessman, Mumtaz Ahmad. The executive officer, instead of taking a decision on the application, placed it at the board meeting on March 29, 2012, which approved the request. At the meeting, the related documents were not presented before the members and the plot and ward number too weren't disclosed, sources said.

          They said it had not been mentioned anywhere in the original lease agreement that the plot could be transferred to a third person. Meanwhile, rent of seven years is still due.

          Land worth crore leased for ever, almost free! - The Times of India
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          • #25


            Re : Latest RE News - Bihar

            Ramaiah exposes land grab in Patna

            PATNA: Divisional commissioner, Patna, K P Ramaiah on Wednesday exposed a well-knit gang of land grabbers who fraudulently occupied a piece of prime government land at Sandalpur (Bahadurpur) area here and also succeeded in constructing a five-storey building on it in connivance with an executive magistrate of Patna City subdivision.

            Aghast at the method executive magistrate Savita Soumya adopted to help the land grabbers, Ramaiah asked the Patna City SDO, Raman Kumar Singh, to conduct a thorough probe into all court orders passed by Soumya in the land-related cases, and submit him a report so that a recommendation could be sent to the government for returning the service of Soumya to her parent department. Soumya is originally a woman extension officer of the rural development department.

            Ramaiah also ordered immediate stoppage of the construction work of the building, which was being done without approval of the map by the Patna Municipal Corporation.

            The issue of land grabbing first came to the knowledge of Ramaiah last week when a poor woman, Vidya Devi, from Sandalpur met him at his Janata Darbar and complained that some local influential persons had grabbed her land after dismantling her hut. She also complained that the land grabbers were constructing a five-storey building on the land in connivance with the administration of Patna City subdivision.

            Taking her complaint seriously, Ramaiah called to his office several officers from Patna district administration, including the concerned additional collector, SDO, deputy collector land reforms, circle officer, circle inspector, police inspector and officer in charge, along with their reports about the land of Vidya Devi.

            "On verification of reports, it was found that the land actually belonged to the state government and the grabbers had fraudulently occupied it in connivance with the executive magistrate," K K Upadhyay, deputy director, information and public relations department, said in an official communique on Wednesday.

            Ramaiah exposes land grab in Patna - The Times of India
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            • #26


              Re : Latest RE News - Bihar

              Towns identified for development as engines of eco. growth

              Patna: The Bihar government has identified a number of towns for development as engines of economic growth by tapping increased private sector investment, a minister said today.

              As many 29 towns have been identified for development as engines of economic growth for benefit of urban dwellers and those living in surrounding areas, Urban Development Minister Prem kumar told a national conference on 'Developing Urban Economies of Bihar'.

              The survey was being done in the towns under the cities business plan for structured economic development to make them self-sufficent in revenue, he said.

              These towns would be developed with private investment under the DIFD-sponsored urban development programme, the minister said.

              Under the long-term plant for development of towns in Bihar, a survey has been carried out by an agency, called Support Program for Urban Reforms under which 49 per cent of towns would be developed as agro-processing and trading towns, 11 per cent as educational towns and 11 per cent each as tourism-based and industrial towns respectively, Kumar said.

              The towns like Bodh Gaya and Rajgir too would be developed as international towns under this programme, he said.

              Speaking on the occasion, the DFID (India) president Sam Sharp said that an investment of Rs 500 crores has been made in India for urban development, solid waste management and setting up Self-Help Groups (SHGs) in towns and cities.

              He said that the British government department was carrying out urban development programme in nine towns in Bihar and 12,00 SHGs have been set up to work out the modality of Local Economic Development for them.

              Sharp lauded the state government for carrying out reforms in governance at various levels and said that these measures would help build basic infrastructure in the towns through private investment.

              Towns identified for development as engines of eco. growth
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              • #27


                Re : Latest RE News - Bihar

                After UP Rising program promoted by Supertech on CNBC Awaaj now its Amarapli turn to take gaurd of Bihar rise on CNBC Awaaj. These Supertech and Amarapli builders have taken to lift up face of UP and Bihar on there shoulders. good going.......


                • #28


                  Re : Latest RE News - Bihar

                  Real estate in Bihar soars despite rate uptrend

                  Real estate in Bihar with most of the cities termed as tier-II and III by many of the developers till late, has bucked all trends of slowdown to soar as one of the most promising real estate market. It is not just the new trend of apartments that is catching fancy of the prosperity that is noticeable in many of the urban areas, but even the land rates still continue to soar.

                  Facts speak for themselves. Sale of land has grown so, that the registration department is now able to show collections beyond its wildest dreams. Notwithstanding the confusion over rates of property in and around the state capital, the volume of revenue collected by the registration department in lieu of sale of land and apartments has registered a 50% growth, vis-a-vis the same corresponding period last year.

                  According to the statistics of the registration department, the state had earned Rs. 653.51 crore as revenue from the sale and purchase of land and apartments till July 2012, which is up by Rs. 219.22 crore from what was collected during the same period in 2010-11.

                  Officials attributed the hike in revenue collection of the department mainly due to the sale of land in urban areas. “Patna has contributed the most,” said an official of the department, while adding that the government circle rate in various areas of the state capital may be revised in keeping with the soaring market rates.

                  Admitting, that the registration of apartments has come down drastically over the last two years due to some technical difficulties, the officials said, money was now being routed to the new capital region (NCR) of Delhi and other metropolitan cities like Bangalore and Pune where prices of apartment is lower than that in Patna, with the added benefit of emenities, which Bihar land developers never offer.

                  Moreover, the officials maintain that the state government’s plan to make deeds of property registration available on the net from next year is also acting as a major deterrent for the investors in real estate.

                  They also said the transparency factor integrated in purchase of property of more than Rs. 30 lakh, is another issue that has discouraged moneyed people from buying houses in and around the state capital. The registration department is also looking to revise the minimum value register (MVR) rate of some localities, where it has been found to be much lower than the market price.

                  Buoyed by the achievement, the registration department hopes to net Rs. 2,000 crore as revenue from sale and purchase of land and property by the end of this fiscal.

                  Last year the department had collected Rs. 1,610.36 crore revenue for the state.

                  Real estate in Bihar soars despite rate uptrend | Track2Realty || India's real estate e-newspaper
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                  • #29


                    Re : Latest RE News - Bihar

                    Investment can be started at individual levels also

                    Hi friends!!

                    i was going through this thread and amazed to such a discussion for the investments in Bihar. I also belongs to Bihar and very keen to invest here in Real estate. But i could not find any good Development authority across the state. So, just confused.

                    Today i was thinking of some investment in and around cities in Bihar like Patna, Muzaffarpur etc. Lot of developments are going on between patna & Muzaffarpur. Construction of Toll road is under construction. I was just planning to buy some acres of land along the highway, which can be futher utilized for Educational Institutes or Residential development etc.

                    As i am not in Bihar so just searching for some like minded investors so that can invest in group and can save some bucks.

                    So, any interest or any suggestions or alternatives will be highle appreciated.

                    Thanks in advance!!!


                    • #30


                      Re : Latest RE News - Bihar

                      Patna heritage bungalows dismantled for Rs 360cr museum

                      PATNA: Even as Bihar marks 100th anniversary of its foundation day at the historic Gandhi Maidan here, exhorting people to celebrate its heritage, six of the capital's British-era heritage bungalows are being dismantled to make way for a 360-crore "world-class" museum.

                      The museum proposed by the state government in the nearly 13 acres area off Bailey Road here, replaces bungalows (no 2 through no 7) of colonial vintage and the adjoining vegetation cover, a move which has upset scholars and heritage lovers alike.

                      "It is shocking and shameful. And, isn't it ironic that it is happening alongside Bihar Diwas? History is the worst victim of politics. For a historic city like Patna not being able to preserve its history for posterity proves the failure of the state and the cultural bankruptcy of the masses," says Shanker Dutt, an old resident of Patna and professor of English at the Patna University.

                      Anil Kumar, professor of ancient Indian history, culture and archaeology at the Viswa-Bharati Univeristy at Shanti Niketan in West Bengal points out that the state government ha remained "blind and deaf to the destruction of heritage."

                      Kumar is also one of the 30 scholars and academics of Bihar and outside the state who had urged chief minister Nitish Kumar to develop important historical sites, which are in total neglect, like the Mauryan site at Agamkuan, instead of spending crores for building a 'world class museum' in the city.

                      "Instead of investing large sums of money on building new structures the government must use that fund to develop and refurbish existing sites. Bihar is filled with heritage and yet the idea of centrally putting a museum defeats the purpose, as instead it should be decentralised and site-specific, inviting people to travel to different heritage places in the state," says Kumar, who has devoted his last ten years researching some of the heritage places of Bihar.

                      Scholars are also opposing the project, which is only a few kilometres away from Patna's old museum that they say the government could have "raised to a world-class status in fraction of the sum spent on this project".

                      "The old Patna Museum built in the 1920s in Indo-Saracenic style and now itself a heritage building could have been raised to a world-class status. But it's badly utilized and fast losing its historic significance," adds Kumar.

                      Kamini Sinha, associate professor of Architecture at the National Institute of Technology, Patna says, "Why couldn't those heritage bungalow themselves been converted into a museum with addition of complementary buildings around them, or maybe a hotel or a heritage resort which would have also boosted up the local heritage tourism. Why this urge to destroy heritage in the name of development.

                      "They could very well have made the museum outside the maintown, which is already saturated. Why everything at the centre? Why not develop beyond the old city where as there is lot of open space available there," she asks.

                      "During New Delhi's 100 years celebration we tried promoting the preservation of the Lutyens-Bungalow Zone but it's sad to learn that on Patna's centenary it is losing its colonial heritage. I think Intach- Patna Chapter must initiate the process of preservation before it's too late," sayd said A G K Menon, Convener, Intach-Delhi Chapter.

                      Unlike Lutyen's bungalows in Delhi, no such protection exists for bungalows here, which were built by J F Munnings, the Australian architect, who was commissioned to build the new capital of Patna in 1912.

                      Bodies such as the Nitish Kumar government constituted Bihar Heritage Development Society as well as the Intach-Patna Chapter, the Archaeological Survey of India - Patna Circle or the Bihar State Archaeology Department have kept silent on the issue, say experts.

                      Among the bungalows, No 3 (3, Bailey Road) was named the "Chaplain's Bungalow" as it was the residence of the chaplain of the Christ Church,Bankipore in the city. It has now been shifted to 9, Polo Road, as per a notice on its main gate.

                      The adjoining campus of MM Haque Arabic and Persian University has been moved to 34, Hardinge Road. Only bungalow No 6 remains standing while the Chaplain's Bungalow is almost gone. All the remaining have disappeared.

                      Patna heritage bungalows dismantled for Rs 360cr museum - The Economic Times
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