1) 850sqft, 1st floor, Main road facing, 10 yr old construction.
2) 830sqft, 4th floor, Main road facing, 10 yr old construction.
Price: 23lakhs (negotiable)
Brokrage: Applicable 

Interested party please mail at: nagpurestate@gmail.com or contact: 9503005014

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Published in - Hitvada, Nagpur, July 04, 2011

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Published in - Navbharat, Nagpur, June 24, 2011

CREDAI-Nagpur’s General Secretary, Prashant Sarode, said there are around 500 builders in the city but not all were members of CREDAI. The members, however, will have to strictly follow the rules. A grievance redressal cell has also been set-up. Details of which would be available with the builders. Buyers can file their complaints with this cell, he said.

The code, which is a voluminous document, also has a standard formula for computing the built up, total and carpet area in a residential unit. It has been stressed that each builder will specifically apprise the buyer about the carpet area available in a unit, which will be mentioned in the brochure. This is considered to be the entire area within the walls of the house including balconies. The code also specifies that the buyer’s undivided share in the residential complex will be based on the carpet area. The sale deed should have a specific mention that the buyer has verified the deed of declaration in detail and is satisfied.

However, the rates charged on per-square-foot basis will be based on the total area which includes the built-up area and other open space in the complex. “Builders especially, not a part of this association, used different methods to calculate the built-up area. This often left buyer at a loss. Due to this the actual carpet area available would often be much less than what was projected,” said Sarode.

Even as the ratio of the super-built up and carpet area differs from builder to builder the standard computation formula is expected to do away with the confusion with the buyer getting a clear idea about the actual area available in the house, said Sarode.

Tejinersingh Renu of M/s Pritam Builders said the code-of-conduct will bring more clarity n the builders’ operations, doing away with the confusion over grey areas.

Representatives of 30 out of 54 companies allotted land in the SEZ attended the meeting. Others are expected to follow in due course though they did not give any firm commitment, said sources.

The vice-chairman-cum-managing director of MADC UPS Madan said the meeting was organised to discuss future development and expansion of MIHAN and the adjoining SEZ. The project is virtually stalled for the last three years after the companies did not start their projects following global recession.

The 24 companies that did not attend the meeting would be approached soon for their response, Madan said. DLF has promised to follow that have assured to start work, he said. It plans to come up with a IT Park too. This is part of the MADC’s strategy to look for new investors on the one hand and motivate the existing ones to start the operations on the other.

Once a few existing players start off, that may attract fresh investment, said a source in MADC. These firms will begin with the paper work including registration of the land deed with MADC and the actual construction may begin in five to six months, he said. Since more than three years have passed after allotment of land to Satyam and the work has not begun, its letter of approval for availing benefits of a SEZ will have to be renewed by the ministry of commerce, added the source.

On DLF, he said officials of the realty major had visited Mihan site recently but the company still appeared to be in two minds over Nagpur project. MADC was keen to assist it in marketing the IT Park that DLF planned to develop. Availability of cheap electricity through captive power plant was one of the concerns raised by the companies’ representatives. The plant is expected to be ready by September or October.

About likelihood of Shivangaon land owners creating roadblocks in building a second runway, Madan said he hoped land acquisition issue would be amicably resolved in due course. He also said that the revenue of MADC was picking up when asked about company’s sinking finances.

Nagpur Improvement Trust (NIT) officials said that the agency had organized a workshop on July 14 to seek views of several concerned government departments. “We have identified important areas like land use, economic development, mobility, housing, water, roads, transport and traffic, remote sensing and environment as vital inputs for the plan. The officials of the concerned departments have been invited to the workshop. Some important players in the metro region have also been invited,” an officer said.

He further said that a group of twelve officials headed by a senior officer, who would act as the coordinator, had been formed in these agencies. The important departments included public works, water resources, forest, Maharashtra Jeevan Pradhikaran (MJP), Western Coalfields Limited (WCL), Regional Remote Sensing and Application Centre (RRSAC), National Environmental Engineering Research Institute (NEERI), etc.

Earlier, in April, NIT had appointed the Indian subsidiary of United Kingdom-based infrastructure planning company Halcrow as the consultant for metro region plan. Later on, other consultants – HCPDPM, CRISIL and Knight Frank – were roped in to form a consortium.

The officer said that NIT’s consultants would present the plan prepared so far, to the invitees. It would be followed by a discussion on the key areas involving NIT officials, the representatives of consultants and the officers of concerned departments. The next key steps would be finalized at the conclusion of the workshop.

NIT is considering developing the metro region through a variety of schemes, including land pooling, colonizer pattern, implementing the existing policy using government funds and public private partnership (PPP) model. NIT will provide all amenities including water, roads and sewer lines in areas covered under the schemes.

It has done land use survey, demographic study and future potential study of the region till 2008 and has all khasra and village maps. The information pertaining to development between 2008 and 2011 is being obtained from district collector and incorporated. NIT has also developed some areas in Kamptee and Wadi through schemes.

Renowned consulting firm M/s Ernst and Young in its concept paper on TDR for MIHAN notified area plainly stated that there will be excess supply of TDR as against demand in Nagpur. The company stated that in the year 2014, the total demand of TDR in the city will be 53 million sq ft while the supply will be 61 million sq ft. Even this demand figures have been calculated on the basis of ideal situation and moderate realty boom. These figures stated that TDR would not be beneficial for the project affected farmers and people of the MIHAN, as sought to be claimed by those portraying TDR as panacea for MIHAN PAPs .

It may be mentioned that MIHAN supporters have worked out formula for PAP that Maharashtra Government will allow TDR in place of compensation so that they can get more money in lieu of paltry compensation for lands acquired for the ambitious project. In its report it was mentioned that Nagpur Municipal Corporation (NMC) has divided city into three TDR zones. The total TDR issued in Nagpur Market is around 34,881 sq mt out of which 14,800 sq mt have been utilised in Zone B mostly in the areas lying between Amravati road, the inner ring road and Wardha road. The city is still having 20,000 sq mt (roughly 2 lakh sq ft) unutilised TDR easily available in the real estate market. If in the current market situation 20,000 sq mt TDR is unutilised than what will be the position when market will be flooded with TDR generated from MIHAN ?. experts asked. In the past three years, the prices of TDR have gone up from Rs 150 per sq ft to Rs 2,000 per sq ft. Some TDR transactions in third quarter of 2008, have even fetched between Rs 3,000 to 3,500 per sq. ft. The transacted value for agricultural land acquisition had varied in the range of Rs 60 to 70 per sq ft. This low price was prevalent due to bulk land acquisition. The consultants have pegged the feasible price for the sale of TDR at less than Rs 250 per sq ft (assuming a FSI of 1).

The company in its concept paper stated that Nagpur market sees a negligible supply of non-IT office space of approximately one lakh sq ft in 2009. It is estimated that there is likely to be a demand of about 1.63 million sq ft by 2011 in this category. This indicates that there could be demand of TDR in non-IT office segment. The other category that could witness a market for TDR is retail segment where a demand supply gap of approximately 4.29 million sq ft can be seen by the year 2011. Company while analysing present market situation, stated that global slowdown indicates that Nagpur market is pre-mature, when it comes to the utilisation of TDR originating from MIHAN. The company suggested a need for consolidated planning of infrastructure in the TDR receiving zones. Policy interventions will be required to facilitate inter-jurisdictional transfers of TDR, the TDR programmes may require a dedicated body to administer the programme and involves additional cost for implementation, an appropriate phasing mechanism is needed to be worked out to avoid an over supply situation in the market, the report claimed.

Even the industry bodies and the Maharashtra Airport Development Company (MADC), which is building Mihan jointly with the Airport Authority of India AAI), are confident that the Nagpur hub is now here to stay as it has already been given all necessary clearances by the government. About such infrastructure projects, more the merrier is the refrain of all the players. A special committee of the Planning Commission has prepared a report suggesting that New Delhi would be best suited for an international air hub. Consultants Ernst and Young have also given a similar report to the AAI.

“There is no question of Mihan not materialising. We have secured all necessary approvals and investors have committed to set up business at Mihan. What is unique about Mihan is that it is the only cargo and passenger hub airport with a special economic zone (SEZ) attached, said city MP Vilas Muttemwar. “The previous UPA government gave its nod to Mihan only after it was convinced that Nagpur in the heart of the country has several advantages because of its central location. It would be wrong to say that Mihan will be doomed if another such hub comes up in Delhi.”

“If world class infrastructure facilities come up at Mihan, the business will be drawn to it. Like Mumbai which is saturated , Delhi also has logistics bottlenecks. A place like Nagpur from where cargo could be distributed all over the country faster because of its network of road, rail and air connections would be preferred by the business houses. Only those unaware of its benefits would say it is not feasible,” said Muttemwar.

Moreover, he opined that with Indian economy destined to grow in coming days there will be scope for setting up of cargo hubs at several locations across the country. Mihan would be naturally used by those whose cargo is to be moved in central India.

State BJP president Nitin Gadkari, a big supporter of Mihan right from its conception, was also not surprised by the Planning Commission report. “There is no problem. If another hub comes up at Delhi, Mihan will not suffer. Mihan will come up here though global slowdown has hit the pace,” said Gadkari. He has been holding public presentations to spread awareness on how Mihan will open floodgates to prosperity in the industrially backward Vidarbha region which is more in news of late for the spate of suicides among distressed cotton cultivators.

Ramesh Yaul, general manager, MADC, said Delhi being the capital of the country has always been a better option for such activities. However, considering the location and the facilities being offered at Mihan, Nagpur can come up as a successful model too. There can always be a number of such hubs, for instance in Europe there are such facilities in every 200-400 kilometres.

Vilas Kale, president of Vidarbha Economic Development Council said Nagpur would always have an advantage on account of its geographical location. Moreover, it is the government’s mandate to have a balanced development of all the regions. As a result projects like Mihan should be developed to provide an economic boost.

Source: TOI

Leader of Opposition Ramdas Kadam blamed the Democratic Front Government for neglecting proposal of Vavasi Group and forcing the Group divert its investment of Rs 50,000 crore to Rajasthan. The issue figured during the Question Hour. Making some plain speaking, Rane stated, during early talks, Vavasi Group was offered land at Butibori, but the Group demanded 5000 acres for its Renewable Energy Park at the five star Butibori Industrial Estate to manufacture silicon solar panels and other apparatus. Besides, it had also claimed that Al-Bukhari would invest Euro 6 billion in the process of setting up mono crystalline growing facility having a capacity of 20,000 metric tonnes on 400 hectare land. Since this much land was not available with MIDC, alternate land was offered, but the company never submitted its concrete proposal for the alternate land or complete project details.

The promoter of Vavasi Group, Farid Arifuddin had claimed that he had roped in Al-Bukhari, a Malaysian group, which claimed to have expertise in developing airports as a strategic partner in developing the Special Economic Zone (SEZ) for solar energy. Besides Farid had also promised to bring Russian jet manufacturer Sukhoi Company with a whopping investment of Euro 2 billion (Rs 13,600 crore) for manufacturing about 25 to 50 super jets initially and later 100 aircraft at full capacity. The company had also agreed to construct a world-class Airport along with rehabilitation of project affected person. However, the MADC which is handling the MIHAN-SEZ, the project was nothing but a figment of imagination and MADC Vice-Chairman and Managing Director R C Sinha had turned down such a worthless venture. The Group had demanded 700 acre land at negotiated price, but steadfastly refused to disclose planned use of such a huge land. When the Group was asked to make an application and submit documents explaining source of finance, copy of agreement with Sukhoi, expertise in solar energy, experience in construction of airport, it simply vanished into thin air, causing acute embarrassment to its vocal supporters. The Vavasi Group Chief later surfaced before the Nagpur media, a month before the general election and claimed that he had shifted the project to Rajasthan. But on Monday, Industries Minister Narayan Rane made the record straight, by refuting the tall claims made by supporters of this incredible venture.

Aseem Gupta while talking to mediapersons on Monday, will table this proposal in the meeting of Chairpersons of Ward Committees and Assistant Commissioners slated on Wednesday. In that meeting, they will discuss on various proposals of ward chairpersons and their rights. Gupta has given administrative and technical approval power to Assistant Commissioner. Now, the transfer of employees within particular zone, sanction of leave also delegate to them so that they can easily control over the working of zones, he opined.

Gupta said, Ward committees will take decision regarding repairs, cleaning of nullah, maintenance of road and other emergency work but they will not have power to call tenders. He has delegated power to issue licence, birth and death certificate, assessment of properties to Assistant Commissioners. They will also look after assessment of properties. Outsourcing of maintenance Municipal Commissioner has proposed to give maintenance work to various project management consultants (PMC) firms. He has constituted PMC panel for maintenance works. The PMC will maintain NMC’s building, below 18 mt roads and gardens. The proposal has sent to Standing Committee for approval.