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Navi Mumbai RE Developments

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  • MANOJa
    started a topic Navi Mumbai RE Developments

    Navi Mumbai RE Developments

    2 decades on, Navi Mumbai Municipal Corporation yet to get own development plan




    NAVI MUMBAI: Twenty-one years on, the Navi Mumbai Municipal Corporation (NMMC) is yet to have a development plan (DP) of its own. Instead, the satellite city follows City and Industrial Development Corporation's (CIDCO) plan.

    "The civic body is the city's implementing authority. It should have its own DP. It is unfortunate that the NMMC does not have its own DP even after two decades," said a senior urban development (UD) official. He added that for any local body, DP is important as it helps in providing better facilities and controlling use of open plots for public welfare.

    Navi Mumbai was formed to control and ease the growing pressure of population on Mumbai. The satellite city, spread across 162.5 sq km, has been planned and developed by Cidco. In 1992, the NMMC was established and today, though the city has massive residential complexes, commercial establishments and educational institutes, but the corporation continues to follows Cidco's DP.

    According to UD official, a plan to formulate its own DP was mooted by the NNMC in 2007, but due to some technical glitches the plan never materialised.

    A senior NMMC official confirmed the development and said that plans are on to have its own DP. "If everything goes according to the plans, within a year, the civic body will have its DP plan," the NMMC official added. In fact, the civic body is thinking about roping in private consultants to draft the DP.

    "The work for framing DP is going on. Once the draft is ready, suggestion and objections from the citizens will be invited. After completing the administrative procedure, the plan will be forwarded to the UD department for its approval,"said Prakash Thakur, assistant director, town planning.

    NMMC commissioner Abasaheb Jarhad and mayor Sagar Naik were not available for comment.

    However, assistant director, town planning, Prakash Thakur said, "The work for framing the DP is going on. Once the draft is ready, suggestion and objections from the citizens will be invited. After completing the administrative procedure, the plan will be forwarded to the UD department for its approval."

    Meanwhile, experts have welcomed the NMMC decision to involve citizens in drafting the city's DP.

    "The civic body has already delayed the plan by two decades. Most of the plots have already been utilized. NMMC should expedite the process to formulate the DP without any further delay," said Ashok Korgaonkar, an urban development expert.

    Korgaonkar also said that having a DP will empower the civic body to mark open plots as recreation ground, playground or plots to be used for for any other activity that is in public interest.

    The difference:

    One Time Development Plan: It is long term planning for infrastructure projects and other major issues.

    DP: It is plan that is designed especially to cater services (open ground, recreation ground, auditoriums) to citizens.









    2 decades on, Navi Mumbai Municipal Corporation yet to get own development plan - The Times of India
    Last edited December 9 2016, 07:59 PM.

  • MANOJa
    replied
    Cidco to develop township on 337 hectares of land in Palghar

    The township will be developed on 337 hectares given to the City and Industrial Development Corporation (Cidco) in lieu of constructing the district headquarters, spending Rs 1,000 crore.


    MUMBAI: A new, planned satellite township will be built in Palghar, about 115km from Mumbai. This will be the second such township after Navi Mumbai, the development of which started in the 1970s.

    The township will be developed on 337 hectares given to the City and Industrial Development Corporation (Cidco) in lieu of constructing the district headquarters, spending Rs 1,000 crore. Cidco has been given 400 hectares, of which 70 hectares is prime sea-facing land. The 337 hectares, which can accommodate 35 Oval Maidans, is on the other side of the newly developed district HQ spread over 103 hectares.

    “We have not been able to predict the market with the Covid pandemic. We have, therefore, invited expression of interest as we want to know what the market demands, understand the views of stakeholders, be it educational institutions, IT companies, large industrial houses, experts, scholars. Covid has changed how we shall live and we want to know what will be the right product mix for Palghar,” said Sanjay Mukherjee, MD, Cidco.

    Mukherjee said the Mumbai Metropolitan Region Development Authority (MMRDA), which is the planning authority for the region, wants Palghar to be a residential township. With the terminal station for the Bullet train in BKC, the MMRDA proposes to shift its back office to Palghar so that its employees can live and work there and if required travel by the Bullet train to BKC.

    The draft plan is ready and depending on the response Cidco may allow four to five master developers to build the township. If the response is not good, Cidco will build infrastructure and auction plots.

    Mukherjee wants Palghar to be a walk-to-work place. Palghar city at present comprises its industrial area too. The Trans MIDC Industries Association (TMIA), which represents industries in the Thane-Navi Mumbai belt, said the notified industrial area must be excluded from the future civic body, the new Palghar city municipality.

    “Municipal bodies have no role to play in industrial areas. MIDC is a statutory corporation, which is duty-bound to provide infrastructure and amenities in this area. The Maharashtra government has failed to respect the constitutional mandate that notified industrial areas are to be exclusive. Navi Mumbai and Panvel industrial areas have been included in municipal limits, resulting in double taxation, resulting in flight of industries to other states,” said Raja Bujle, chairman, legal, for TMIA.











    Cidco to develop township on 337 hectares of land in Palghar, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    CIDCO housing scheme allotment to begin from July 1 in Navi Mumbai

    ​The town planning authority for Navi Mumbai said under the scheme 25,000 homes in Taloja, Dronagiri, Kalamboli, Ghansoli and Kharghar have been built as part of the Pradhan Mantri Awas Yojana, adding that the allotment process would be completed by October.
    • PTI
    • May 22, 2021, 10:00 IST

    THANE: State entity CIDCO on Friday said it would start allotting houses under its 2018-19 scheme from July 1.

    The town planning authority for Navi Mumbai said under the scheme 25,000 homes in Taloja, Dronagiri, Kalamboli, Ghansoli and Kharghar have been built as part of the Pradhan Mantri Awas Yojana, adding that the allotment process would be completed by October.

    "Applicants who have paid the complete installments will get one month's time from June 1 to pay the remaining miscellaneous charges and then CIDCO will give the possession of the houses from July 1. And where the installments were unpaid, those applicants are given an extension till July 31 to pay the balance amount," it said in a release.













    CIDCO housing scheme allotment to begin from July 1 in Navi Mumbai, Real Estate News, ET RealEstate (indiatimes.com)


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  • MANOJa
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    SCDRC orders Navi Mumbai builder to pay Rs 25 lakh to buyer for 10-year delay

    Sanjay and Gulabodevi Singh moved Maharashtra State Consumer Disputes Redressal Commission in 2017 against Ishaadit Enterprises. The Singh’s had booked the eighth-floor flat at Airoli.
    MUMBAI: Over a decade after a family from Airoli booked a 350-sq-feet flat in Navi Mumbai but failed to get possession, the state consumer commission recently directed the builder to hand over possession along with total compensation of around Rs 25 lakh.

    The family had paid Rs 22 lakh for the flat by 2012 besides Rs 8,000 as society formation and electricity charges. The compensation includes 12% interest on the amount paid and another Rs 2 lakh for mental pain and agony.

    “The complainants could not get possession of the flat from the opponent. They required to knock the doors because of act and inaction of the opponent [builder], hence, it is clear that they have suffered mental agony. Hence, the complainants are entitled for some compensation,” the commission said.

    Sanjay and Gulabodevi Singh moved Maharashtra State Consumer Disputes Redressal Commission in 2017 against Ishaadit Enterprises. The Singh’s had booked the eighth-floor flat at Airoli. In the complaint, they submitted that although they had paid the amount, the builder failed to complete construction work, execute the agreement and hand over possession of the flat. They said communications and notices through advocates were exchanged but it was fruitless. They sought the flat and compensation.

    Along with their complaint, the Singhs submitted copies of the brochure, cost sheet, payment receipts, bank statement, advocate’s notice and communication between the parties.

    After admission of the consumer’s complaint, a notice was issued to the builder by publishing it in a newspaper. However, no one appeared for the builder. In October, 2017, the court passed an order and said that the complaint should proceed ex-parte.

    The state commission found that possession was to be handed over in 2011. “Considering the submissions, it has become clear that opponent [builder] has not completed construction work and handed over possession of the flat in dispute to complainants which amounts to deficiency in service and unfair trade practice adopted by the opponents,” it said.

    The commission said that with the Singhs’ submitting that they were willing to pay the balance, they were entitled to get vacant, peaceful and legal possession of the flat along with occupation certificate after completion of construction work.











    SCDRC orders Navi Mumbai builder to pay Rs 25 lakh to buyer for 10-year delay, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    Navi Mumbai: Court rejects pre-arrest bail plea of six in property case

    The complainant in this case is Balvantrai Thakkar (71) and the applicant partners of the construction firm Raj Homes-SV Developers are Suresh Virji Thakkar, Shankar Virji Thakkar, Shantilal Virji Thakkar, Giris Gangji Shah, Kantibai Gangji Shah and Yogesh Natwarlal Thakkar.
    • PTI
    • April 29, 2021, 18:31 IST

    THANE: A court at Panvel in Maharashtra's Raigad district has rejected the pre-arrest bail plea of six partners of a Navi Mumbai-based construction firm in a case of cheating related to a property.

    Kharghar police in Navi Mumbai had recently registered an FIR against the six accused under various sections of the IPC, including cheating, and also under the Maharashtra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act.

    Additional Sessions Judge N B Lavte, in his order passed recently, said the applicants do not deserve bail at this stage.

    In their bail plea, the applicants said that the FIR against them was filed based on the complaint lodged by the complainant to pressure them into selling the disputed flat at cheaper rate by using police machinery.

    They also submitted that they had not agreed to sale the flat to the complainant at Rs 45,75,000 and the sale price of the property as per the agreement signed between them was Rs 92,00,000.

    They alleged that the complainant cooked up a story, claiming that the agreed sale price of the flat was Rs 45,75,000.

    The complainant in this case is Balvantrai Thakkar (71) and the applicant partners of the construction firm Raj Homes-SV Developers are Suresh Virji Thakkar, Shankar Virji Thakkar, Shantilal Virji Thakkar, Giris Gangji Shah, Kantibai Gangji Shah and Yogesh Natwarlal Thakkar.

    In the order, the court observed that the applicants had criminal antecedents and a similar offence was registered against them earlier.

    "Considering the gravity of the offence and the criminal antecedents of applicants and the likelihood of their interference in the investigation, the applicants cannot be granted anticipatory bail," the court said.












    SV Developers: Navi Mumbai: Court rejects pre-arrest bail plea of six in property case, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    Over 31,000 properties registered in Navi Mumbai last fiscal

    However, the developers have urged the government not to extend the ongoing curfew to May or June, as that will be bad for the real estate business once the monsoon season begins.
    NAVI MUMBAI: City-based builders have noted that over 31,000 properties (residential and commercial) were registered in various registration offices in Navi Mumbai in the last fiscal year that ended March 2021, despite the major lockdown period of last year.

    However, the developers have urged the government not to extend the ongoing curfew to May or June, as that will be bad for the real estate business once the monsoon season begins.

    The senior vice president of Maharashtra Chamber of Housing Industry (MCHI-Navi Mumbai) Manohar Shroff told TOI: "A total of 31347 properties, which include a major chunk of housing units, were registered in the city till March 31 this year. This means that realty sales were quite active despite the Covid situation of 2020. Two reasons for this good business are the reduction of stamp duty from 6% to 3% in Navi Mumbai and the general reduction of interest rates on housing loans by the banks."

    Shroff further stated: "However, the current lockdown like situation in the new fiscal is just not good for the real estate industry which contributes to the state coffers. We suspect that if the curfew is further extended to May or June, then it can lead to a sharp slowdown in the sales of properties. Hence, we have asked the state government to ensure that the curfew does not persist for long."

    RTI activist Anarjit Chauhan commented: "It is a bit ironical, if not surprising, that people do have the money to invest in real estate since last year despite a `war' being fought by the government against coronavirus. The fire fighting is still on, but since the business sector is also facing losses due to the lockdown, I guess a balance or an equilibrium will have to be found between economy and public health. Hence, the next few weeks are going to be interesting to watch."

    Vashi based Real estate observer, Yatin Bansal, told TOI: "The driving principle of showbiz -- that the show must go on -- does, to some extent, also applies to the business of real estate. So, if the sales totally stop in the next few months due to the lockdown, then the state will also not get its indirect and direct tax revenues. Only those developers with deep pockets will then survive by playing the game of patience."

    He added that while many have purchased properties as investments for securing their future funds, there are also those who are purchasing dwelling units only so that they can be rented out to home seekers who at present cannot afford to buy their own units.

    “Given the ongoing uncertainties in the stock market and financial sector, housing is currently being viewed as one of the safest long-term investment bets," said Prashant Thakur, Director and Head - Research, ANAROCK Property Consultants, in a recent media statement.









    Over 31,000 properties registered in Navi Mumbai last fiscal, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    Maharashtra: Greens stand vindicated as Raigad collectorate identifies 17 wetlands, 4 in Uran


    Vijay Singh | TNN | Mar 23, 2021, 22:23 IST

    Panje wetland is dying a slow death as all the five water inlets have been manually shut for over six months d...Read More

    NAVI MUMBAI: While local environmentalists have welcomed the latest claim of Raigad district officials that there are 17 recognised wetlands in the district, including four in Uran taluka, the greens have vowed to continue to fight for all the 130 wetland sites, as per the national wetland atlas records.

    The greens also added that a young naturalist, Aishwarya Sridhar, was recently threatened by a private security guard at the Panje wetland which is dying a `slow death' despite the orders of the state environment department to open up all the blocked sluice gates, in order to allow tidal waters.

    "While we are happy that 17 wetland bodies covering the area of 2.25 hectares have been officially recognised as wetlands, it is rather shocking that for the past six months the important Panje wetland is in a state of neglect, despite an order by environment director, Narendra Toke to open up all the sluice gates. Such mala-fide actions have led to floods in Uran,'' said BN Kumar, director of NatConnect Foundation.

    Naturalist Aishwarya Sridhar added: "Two days ago, I had visited Panje to click pictres of various birds like the painted storks. Suddenly, a private security guard aggressively approached me and said that he will lodge a police complaint against me and also break my expensive camera."

    "It is sad to see how dry Panje looks at present, especially from the Dongri end. I urge Maharashtra government to take urgent steps to save the biodiversity," Sridhar said.

    Panje wetland is dying a slow death as all the five water inlets have been manually shut for over six months despite the state government’s order to open them even as Navi Mumbai SEZ security guards have threatened nature photographers and fishing community with dire consequences if they entered the wetland, added Kumar.

    The wetland is rapidly turning into a barren land despite the city planner Cidco earmarking it as a holding pond as part of flood control mechanism for the upcoming Dronagiri node and the state environment minister Aditya Thackeray banning any construction on Panje wetland.

    State environment director Narendra Toke, who also heads the Maharashtra Coastal Zone Management Authority (MCZMA), earlier pointed out to the district officials that the blocking of water is a clear violation of the Environment Protection Act, 1986.

    "There are vested interests making the wetland go dry obviously to benefit real estate development,'' said Nandakumar Pawar, head of Shri Ekvira Aai Pratishtan.

    Navi Mumbai SEZ has put up security cabins illegally and the guards are preventing wildlife photographers, nature lovers and fishing community from entering the place, he said.

    It is rather shocking that despite Toke’s orders to demolish the illegal security cabins, the structures are intact and neither the collector nor NMSEZ have followed the orders.
    Toke clearly named the CEO of NMSEZ asking him to clear the security cabins.

    “Cidco has a 26% stake in the NMSEZ, which is known to all. Hence, how can we expect the state agencies to act for nature? It will be better if the chief minister exercises his executive powers to save the wetlands,” Pawar said.

    BNHS, which reported that over 1,50,000 migratory and local birds visit the wetland annually, has also requested the government several times to declare Panje as a bird sanctuary and protect its bio-diversity.

    Member of the Bombay high court appointed wetlands protection panel, D Stalin, commented: ``We have taken a grave view of the destruction of wetlands, including Panje. If things continue going downhill then we will again remind the highest authorities in the state.''











    Maharashtra: Greens stand vindicated as Raigad collectorate identifies 17 wetlands, 4 in Uran | Navi Mumbai News - Times of India (indiatimes.com)

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  • MANOJa
    replied
    Navi Mumbai residential launches witness 5% increase in flat sizes in H2 2020: Report

    The city registered residential sales of 2,384 units in the second half of 2020 and new launches at 2,860 units during the period. Home sales in MMR witnessed a rise of 10.39% YoY to 30,041 units in H2 2020 and new launches saw a decline of 25.26% YoY to 26,904 units.
    In the backdrop of rising demand for relatively bigger homes owing to the ongoing pandemic, the apartment size in new launches in Navi Mumbai has seen a rise of 5% to 722 sq ft in the second half of 2020, showed a Knight Frank India report.

    The city registered residential sales of 2,384 units in the second half of 2020 and new launches at 2,860 units during the period. Home sales in MMR witnessed a rise of 10.39% YoY to 30,041 units in H2 2020 and new launches saw a decline of 25.26% YoY to 26,904 units.

    The boom in residential sales can largely be attributed to the state government’s reduction in stamp duty reduction from 5-7% to 2-4% across various Mumbai Metropolitan Region (MMR) regions effective for 7 months from September 2020.

    Residential property prices in the areas of Kharghar (6,700 – 9,000 psf) and Panvel (3,800-6,500 psf) have witnessed a 4% on-year correction, while prices in the residential market of Vashi (10,000 – 15,000 psf) witnessed an on-year correction of 2% in the second half of 2020, Knight Franks said.

    As homebuyers in the mid and high-income groups have made most of the lower stamp duty window, 57% of units sold in MMR were in the over Rs 50 lakh segment.












    Navi Mumbai residential launches witness 5% increase in flat sizes in H2 2020: Report, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    Navi Mumbai: Around 1,000 Cidco plots up for grabs over next 12 months

    Auctioning of plots will help Cidco generate sizable funds and support its ambitious projects. Cidco is aiming to garner over Rs 500 crore a month from these auctions.
    MUMBAI: At a time, when the real estate market is in the throes of the pandemic, Cidco will offer what might be a bonanza for those in search of bungalow plots, row houses and for large developers over the next one year. The planning agency plans to auction 1,000 plots over the next 12 months.

    Cidco has earned about Rs 1,200 crore from auctioning plots in over two months. In February it managed to get a record Rs 2.63 lakh per square meter bid for a plot in Sanpada. Auctioning of plots will help Cidco generate sizable funds and support its ambitious projects. Cidco is aiming to garner over Rs 500 crore a month from these auctions.

    In January, Cidco auctioned 27 bungalow plots and a 66 sqmt plot in Ghansoli fetched a whopping Rs 1.30 lakh per sqmt, while the base price for plots in Ghansoli was between Rs 30,800 per sqm and Rs 35,813 per sqmt. Similarly, a plot measuring about 207 sqm in New Panvel (E) was sold at Rs 1.09 lakh per sqmt, while the base price for the New Panvel plots was Rs 39,200 per sqm.

    Cidco will now roll out a range of land parcels in Navi Mumbai for auction over next 12 months. Around 1,000 plots may be offered over a period and plot sizes may range from 40 sqm to 4000 sqm. Of these, 300 to 400 plots are said to be bungalow plots, which have areas ranging from 40 to 400 sqmt. According to Cidco officials, bigger plots range from 1,000 sqmt to about a hectare and are sought by builders and developers, while bungalow plots have always attracted a premium from home buyers.

    “There are many things attractive in bidding for Cidco plots. There is a shortage of land parcels with clear titles in MMR, but land parcels auctioned by Cidco have clear titles, as the land has been acquired by Cidco. Besides, several connectivity projects in Navi Mumbai are in the offing,” said a Cidco official.

    Cidco vice-chairman and managing director Sanjay Mukherjee said “Cidco has decided to bring out big stock of small plots, which will be given to smaller builders and developers so that they can enter the market in a stressed situation. It is also an opportunity for the middle class to own bungalows. Cidco is committed to provide a level playing field.”

    Manohar Shroff, vice-president of MCHI-CREDAI Navi Mumbai unit, said “The response to the auctions has been good, because Cidco has increased the ancillary FSI. Builders are quoting high prices for these plots and offering bigger houses. They will make good money. It is a win-win for CIDCO and for builders, besides consumers too will be benefitted.
    Follow and connect with us on Twitter, Facebook, Linkedin













    Navi Mumbai: Around 1,000 Cidco plots up for grabs over next 12 months, Real Estate News, ET RealEstate (indiatimes.com)

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  • MANOJa
    replied
    ‘Notify mangrove land, hand it over to forest dept’


    Sanjeev Devasia | TNN | Feb 27, 2021, 17:58 IST






    NAVI MUMBAI: Citing a Bombay high court order of 2018, the mangrove cell has now written to JNPT asking them to notify the mangroves under its control as reserve forest through the collector and hand over the mangrove land to the forest department.

    The mangrove cell told JNPT that it does not have any information regarding mangrove areas owned or controlled by the latter.

    According to its own website, JNPT has around 913 hectares of mangroves and is yet to inform the mangrove cell or notify the land as per the high court order.

    Even after two years of the HC order, several government agencies including JNPT and Cidco are yet to notify mangrove land and hand over the land to the forest department.

    The mangrove cell earlier this month wrote to the JNPT and requested them to start the process of notification of mangrove area under their control under section 4 of the Indian Forest Act through the collector, Raigad and hand over the land to the forest department.

    The cell cited the final judgement of the Bombay high court in September 2018 regarding a PIL filed by the Bombay Environmental Action Group in 2006.

    The HC has directed the state government to declare mangroves on government land as reserved forests and hand over the land to the forest department within three months of the order.

    Raigad district collector Nidhi Chaudhari said, “We have notified all other mangrove land in the district. For the mangroves in JNPT and Cidco areas, we have sought maps from MRSAC. We will work on the process to notify the land under Cidco and JNPT too.”

    JNPT officials claimed that the forest department has not provided any information about the extent of mangrove land in their possession. “An agency competent to declare the extent of mangroves in our possession has to identify the mangrove area and tell us the exact area. We are ready to hand it over to the forest department, said a JNPT official.

    Virendra Tiwari, additional principal chief conservator of the mangrove cell, said, “We have asked them to hand over the mangrove land to the forest department as per the high court order. We have also written to the Cidco.”

    D Stalin, a director with Vanashakti, an environmental NGO, said “it is dismaying to know that JNPT despite being in knowledge of the court order had chosen to hold on to the mangroves. It is equally shocking that the forest department took so much time to seek the transfer of the order. We have brought it to the notice of the court that many of government agencies have wilfully flouted the order.”









    ‘Notify mangrove land, hand it over to forest dept’ | Navi Mumbai News - Times of India (indiatimes.com)

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