Monthly Archives: Oct 2019

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TNRERA Directs New Chennai Township To Refund Buyer’s Money

Oct 30,2019 / By / No Comment
TNRERA Directs New Chennai Township To Refund Buyer’s Money

Chennai: Can residential projects sold through lease deeds come under the ambit of the real estate act?

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has entertained an application over a leased property, ordering the developer to return the payment of a homebuyer as the project reminds a non-starter.

The case concerns a project called ‘UTSAV’, contracted by New Chennai Township Pvt Ltd at Vellur in Cheyyur Taluk of Kancheepuram District. In a recent order, G Saravanan, an adjudicating officer of TNRERA, said R Thenmozhi and S Sriram booked a flat and paid an advance for it in February 2011. The developer had made a lease deed in support of the complainants for leasing a flat for a period of 99 years that was to be built by the former. While the total lease fee was Rs 16.69 lakh, the homebuyers had paid Rs 12.82 lakh. The possession of the flat was set within 3-months from the date of receipt of the entire lease amount, as per the deed that was registered a year later in 2012. Though 80% of the total fee of the lease value of the flat was paid, the order stated that the developer neither started construction work nor handed over the possession of the apartment so far.

The complainants circulated a notice in 2016 to cancel the lease deed and asked for a refund of the entire amount with interest. But, the developer failed to repay the amount. The complainants have taken bank loans to make their payments, who are allowed to relief,” the order added.

As per the order, the complainants are entitled to return of Rs 12.82 lakh with interest at the rate of 10.15% for the amount paid from the date of payment till repayment by the developer. The order further stated that “considering the facts and circumstances of the case, Rs 1 lakh is fixed as compensation towards mental agony and inconvenience caused to the complainants by the developer”. Towards registration and litigation expenses, Rs 16,790 and Rs 20,000 respectively have been given.

TNRERA also ordered the developer to refund the amount, interest, compensation and costs within 60 days. The order further added, “The complainants shall execute the cancellation of lease deed on the satisfaction of their claims at the cost of the developer”.

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Property Registration Charges In Bangalore 2019

Oct 25,2019 / By / No Comment
Property Registration Charges and Procedure in Bangalore 2019

All about Stamp Duty and Registration Charges:

Stamp Duty and Registration Charges in Bangalore are two crucial things you should know while you wish to buy a flat/apartment in Bangalore and applying for a home loan. So, if you are planning to buy a property in Bangalore and have a set budget for the same then you must consider these two charges which you will have to pay for getting your property registered. While Stamp Duty is levied by the state governments on the market value of the property, registration value is levied for registration of documents under the Registration Act, 1908. Most of the states have 1% as Registration Charges.

The government levies a tax when there is a transaction of property or transfer of rights in a property known as “Stamp Duty”. Stamp Duty is imposed on residential and commercial property transactions as well as freehold or leasehold properties. It is one of the most crucial documents as it provides legal status to the property transaction.

Stamp duty is a state matter and is fixed by the state government. So, the rate varies from state to state. Stamp duty is a charge payable on the sale agreement, on or before the date of registration of the agreement.

It depends on factors such as the location of the property, type of property, property status, and gender.

Property Registration Charges and procedure in Bangalore

You can avail tax deductions for these two charges if paid within the overall limit of Rs 1.5 Lakh and only in the ready-to-move-in property. The assessee is the only authorized person for the tax benefits on stamp duty and other registration charges for a particular property and not any other family member. All these tax deductions are only valid for a residential property as the commercial property does not come under the limits of this.

To calculate the registration fee and Stamp duty, different standards are used for different property types in Bangalore:-

  • For multi-story apartments in Bangalore, the super built-up area is considered for calculation
  • For plots in Bangalore, the sq ft area of the plot is multiplied by the current Guidance Value of that area
  • For independent houses, the total built area is estimated

How to register your property online in Bangalore?

The Karnataka government recently launched an online portal to allow property owners to access property-related documents, rather than visiting the sub- registrar’s office. There are over 250 sub-registrar offices listed on the portal where people can make their property registration.

Visit Karnataka Govt’s KAVERI portal i.e., https://kaverionline.karnataka.gov.in and register as a new user and follow the step-by-step instruction

How are stamp duty and registration charges calculated in Bangalore?

To calculate stamp duty and registration charges in Bangalore, follow these simple method-

Let’s assume you have finalized a property measured 1,000 sq.ft. in Bangalore. The Guidance Value is Rs 6,000/sq.ft. Next, there is the parking charge of Rs 2 Lakh and floor rise charge of Rs 30/sq.ft.  Now, let’s say that the property is located on the 5th floor, then your floor rise premium will come up to Rs 150 per sq.ft. (30*5=150). Thus, the total base price will be Rs 6,150/sq.ft.

  • Saleable value of the property = 1,000 x 6,150 = Rs 61,50,000 (basic cost) + 2,00,000 (car parking) = 63,50,000
  • Registration charges = 1 % of 5,325,000 = Rs 63,500
  • Stamp duty = 5.6 % of 63,50,000 = Rs 3,55,600
  • Thus, the total cost of property = Rs 67,69,100

Why is stamp duty important?

It is one of the most significant or essential documents that provide legal status to your property transaction. At the same time, it generates revenue for the state.

How much is the stamp duty and registration charges in Bangalore? And how it is calculated on property transactions?

Type of Fee

Amount (Rs)

Registration Charge

1% of the property value

BBMP, BMRDA & Village Area Added Cess

10% on the stamp duty

Stamp Duty

5.6% of the property value

BBMP & Corporation Added Surcharges

2% on stamp duty

BMRDA & other Surcharges

3% on stamp duty

Stamp duty is charged only on the total saleable amount of the property, which is calculated by first multiplying the size of the property with its guidance value or the market value given by the builder. Then, car parking and floor rise charges, or preferential location charges (PLC) are added to give the total saleable value of the property.

Saleable Value = Basic Cost (Size of property x Guidance Value) + Parking Charges + Floor Rise Premium & Preferential Location Charges (PLC), if any.

Registration charges = 1%of the saleable Value

How can I pay stamp duty and registration charges in Bangalore?

You can pay these charges in the sub-registrar’s office through the following means for property registration in Bangalore:

  • Purchase stamps from the treasury or authorized stamp vendors
  • Made payment to the government through DD/ pay order issued by any nationalized bank/scheduled bank or challan
  • The document can be written or printed on plain paper, and the stamp duty can be paid through DD/ pay order issued by any nationalized bank/ scheduled bank or challan within two months of the date of execution of the document and certified by the jurisdictional district or sub-registrar.
  • In some states, you can also pay the necessary stamp duty amount online or, through RTGS/NEFT.

Are there any tax gains on payment of stamp duty and registration charges?

Yes, there are multiple deductions. you can avail tax deductions for these two charges if paid within the overall limit of Rs 1.5 Lakh. But, there are some restrictions added to it. These include:

  • All the deductions are only valid for a new property and not for resale property.
  • The payments must be made in the previous financial year as payments made later are not acceptable for a tax deduction. If you bought a house in the financial year 2018-19 for Rs 50 Lakh and paid Rs 5 Lakh as stamp duty and registration charges, then you are qualified for tax benefits calculated during the 2019-20 financial year, only if all the expenses have been paid during 2018-19.
  • You can claim tax deductions only for the ready-to-move-in property and not for under-construction or completed property.
  • As per Section 80C of the Income Tax Act, the maximum limit for tax benefit is set at Rs 1.5 Lakh.
  • All these tax deductions are only valid for a residential property as the commercial property does not come under the ambit of this, one can not get any tax rebate for that.

What are the key factors that determine stamp duty Charges?

The stamp duty percentage depends on various factors. These include:

The property’s age:

Since stamp duty is calculated on the total value of the property, the age of a property plays a significant role in setting stamp duty charges because older properties manage to be less expensive than newer properties.

Age of the property holder:

Senior citizens usually pay a lower stamp duty charge in most states. This is why the age of a property holder plays an important role in determining stamp duty charges.

Type of property:

You have to pay more stamp duty for a flat/apartment comparison to an independent house, etc.

Gender of the Owner:

Women usually pay a subsidized stamp duty fee when compared to men in India. Men have to pay about 2% more than a woman.

Purpose of the property:

Commercial properties normally attract a higher stamp duty fee in comparison to residential properties. This is so because commercial buildings would normally need a lot more amenities when compared to a residential building.

Location of the property: 

The location of the property also determines the stamp duty fee payable by an individual. A property located in an urban area attracts higher stamp duty than a rural or suburban area.

Amenities:

The number of amenities that a property has also directed the stamp duty fee. A building with more amenities requires a higher stamp duty fee while a building with lesser amenities will have a lower stamp duty fee. Amenities like a community hall, library, swimming pool, gym, club, sports area, lifts, gym, children play area, etc., will need an individual to pay a higher stamp duty fee.

Stamp Duty Calculator

Stamp Duty ranges from 3% to 10% depending on the slab decided by the state government. It is calculated on the higher value between the Guidance Value (circle rate/ready-reckoner rate) and the agreement value of a property. For instance, if the agreement value of a property is Rs 60 lakh and the value according to Guidance Value is Rs 50 lakh, then the stamp duty would be calculated on the higher value, i.e., Rs 60 lakh

What happens, when someone pays insufficient stamp duty on their property?

For saving stamp duty, many people show a reduced property price in their agreement. As a result, the government has to suffer heavy revenue loss. If you pay insufficient stamp duty, you can be penalized huge for the same. The punishment and penalty for evasion of stamp duty may vary from state to state. The penalty can range anywhere from 8% to 20% of the actual stamp duty and term of imprisonment as per the state rules.

 Data sources: Google

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Everything You Need To Know About The Guidance Value In Bangalore

Oct 23,2019 / By / No Comment
All about Guidance Value of Property in India

Guidance Value Of Property In Bangalore And Its Calculation:

Guidance Value is the minimum value below which no property transaction can be accomplished. It is the least value at which you can register a property. The Guidance Values are published by the Dept. of Stamps & Registration in every state and it gives the value based on locality and individual buildings/project names. Any changes in Guidance Value may increase or decrease property prices. It is a major source of generating revenue for the state. Property registrations can not go below that fixed price. A well-developed locality will have a higher Guidance Value while a least developed or under-developed locality has a lower Guidance Value.

The Stamp and Registration department performs an account of the Guidance Value in states. It is also known as Ready Reckoner Rate or Circle Rate in other states. Guidance Value is applicable to both plots and constructed properties. For plots in Bangalore, the Guidance Value is calculated on the grounds of the available land area excluding any constructed property while the value charged for the constructed properties including the land is known as a composite value.

As per the law, even if you buy a property at a lower price than the Guidance Value, you will still have to register the property at Guidance Value. If the sale value of a property is higher than Guidance Value then the property has to be registered at sale value.

The government always makes a plan to keep Guidance Value as close to market value as possible. This is prepared to control cash transactions which create black money and also to boost revenue for the state government.

However, it should be noted that Guidance Value is only the minimum price for registration and not the price at which the property would be sold. The market value of a property like other goods is changed and determined on the basis of a number of factors such as market forces, the proximity of the property to the different new developments being made in the city. For example, a property located near an upcoming airport will rise in property value.

How to calculate Guidance Value in Bangalore?

Steps To Calculate Online Guidance Value In Karnataka:

  • Visit KAVERI website
  • On the webpage, you will get two search options – Basic Search and Advanced Search
  • Now, you have to select ‘District’ from the drop-down menu provided
  • Enter three characters in the ‘Area Name’, and the system would suggest results matching your inputs. Select your Area.
  • With this, you will get more options to choose from – Property Usage Type, Total Area, and Measurement Unit.
  • In the Advanced Search mode, you will need to furnish extra details such as Registration District and SRO Office.

Below image will clear your points:

KAVERI Online Services in Bangalore

KAVERI Online Services in Bangalore

Latest Updates On Guidance Value In Bangalore:

In January 2019, the Karnataka Government has increased the Guidance Value of agriculture by 5% to 25% across Karnataka. It is certainly a welcome move and farmers have a reason to cheer. But at the same time, it is expected to hurt middle-class families who are looking to buy Budget Homes in Bangalore. The new Guidance Value in Bangalore revised after a gap of 2-years that came into effect from 1st January 2019.

The last time the guidance value had been increased was in March 2017. As per the Stamps and Registration Act, the guidance value has to be revised every year. But, due to several reasons, such as the demonetization and Assembly elections, the guidance value could not be revised. The state audit team reported that there is a huge gap between the guidance value and market rates.

To overcome the gap between Guidance Value and Market Value, the state government reviews the Guidance Value annually. The change in values helps the government to make higher revenue through stamp duty and registration fees. Reducing the gap between the Guidance Value and the Market Value also helps to control black money inflow in the real estate market.

Under the revised rates, the Guidance Value for agriculture land in Hunasemaranahalli on KIA Road in North Bangalore has hiked to a record Rs 6.5 crore/acre which is highest in the state so far. Similarly, the new Guidance Value has risen to Rs 1.8 crore per acre in some parts of Mysuru Rural Taluk, Rs 1.2 crore in parts of Bidadi Taluk in Ramanagara District, and up to Rs 80 lakh in the Hosabettu area in Dakshina Kannada.

The move is meaningful considering a person buying land will have to pay a minimum of 5.6% of Guidance Value as stamp duty.

In Bangalore (Urban), there are 42 Sub-Registrar Offices for estimating and regulating Guidance Value. For rural areas, the State government has set up five Sub-Registrar Offices.

List of Sub-Registrar Offices in Bangalore (Urban)

Rajajinagar District

Basavanagudi District

Shivajinagar District

Gandhinagar District

Jayanagar District

Rajajinagar

Basavanagudi

Shivajinagar

Gandhinagar

Jayanagar

Yashwanthpaura

Chamarajapete

Indiranagar

Malleshwaram

Santhinagar

Vijayanagar

Banashankari

Halsuru

Ganganagar

BTM Layout

Srirampuram

Anekal

Banasawadi

Hebbal

Kengeri

Peenya

Attibele

KR Puram

Kacharakanahalli

Rajarajeshwari Nagar

Laggere

Sarjapura

Mahadevapura

Byatarayanapura

JP Nagar

Nagarbhavi

Jigani

Bidarahalli

Yelahanka

Bommanahalli

Madanayakanahalli

Varthur

Jala

Begur

Dasanapura

Hesaraghatta

Tavarekere

List of Sub-Registrar Offices in Bangalore (Rural):

  • Nelamangala
  • Doddaballapura
  • Devanahalli
  • Hoskote

As per the revised Guidance Value, property prices along the sides of the road and park facing will see a maximum hike in property prices. Below is the Guidance Value for different areas of Bangalore.

New Guidance Value In Bangalore

Area

Rates (per sq.mt)

Vani Vilas Market to D. Banumalah Circle on Sayyaji Rao Road

Rs 32,000

Banumalah Circle to K.R. Circle

Rs 68,200

K.R. Circle to Ayurveda Hospital Circle

Rs 1.15 lakh

Ayurveda Hospital to RMC Circle

Rs 49,100

RMC Circle to Highway Circle

Rs 32,600

Kumbarakoppal Main Road

Rs.1,29,000

Kumbarakoppal Cross Roads

Rs 9,600

Kumbarakoppal Inner Cross Roads

Rs 9,900

Kumbarakoppal Colony

Rs 6,500

Kumbarakoppal South Side

Rs 13,000

Gokulam Main Road

Rs 38,400

Gokulam Cross Road

Rs 19,800

Gokulam Ist & 2nd Stage

Rs 25,000

Gokulam 3rd Stage

Rs 28,000

Gokulam 4th Stage

Rs 20,000

Contour Road EWS

Rs 19,700

Karnataka Slum Development Board Houses

Rs 8,600

Bogadi 1st & 2nd Stage

Rs 28,000

Janatanagar

Rs 11,800

Srirampura 1st Stage

Rs 23,000

Srirampura 2nd Stage

Rs 24,000

Metagalli Main Road

Rs 18,300

Hale Ooru

Rs 8,500

Ambedkar Colony

Rs 3,500

B.M Sri Nagar Main Road

Rs 10,100

B.M Sri Nagar Cross Road

Rs 8,300

Karakushalanagar

Rs 5,400

 

New Guidance Value for Agricultural Land (Per Acre)

Agriculture land (Kushki) at Ajjayyanahundi

Rs 51 lakh/acre

Thari land at Ajjayyanahundi

Rs 53 lakh/acre

House sites at Ajjayyanahundi

Rs 4,750/sq.mt

House sites approved by the Development Authority

Rs 10,900/sq.mt

Agricultural land (Kushki) at Chowdahalli

Rs 30 lakh/per acre

Agricultural land at Ayarahalli

Rs 8.5 lakh/acre

Thari land at Ayarahalli

Rs 9 lakh/acre

Govt Uthanahalli (MUDA limits)

Rs 32 lakh/acre

Inam Uthanahalli

Rs 8 lakh/acre

Amchawadi Village in Yelwal Hobli

Rs 3.50 lakh/acre

Anandur

Rs 20 lakh/acre

Yelwal Hobli MUDA limits, Mysuru-Hunsur Road

Rs 35 lakh/acre

Anaganahalli under Mysuru West Office limits

Rs 8 lakh/acre

Arasinakere

Rs 5 lakh/acre

Udbur (MUDA Limits)

Rs 22 lakh/acre

Kadakola

Rs 35 lakh/acre

 

New Guidance Value in Major Roads of Bangalore (per sq.mt)

Cunningham Road (Chandrika Hotel to Balekundri Circle)

Rs 2,78,600

Lavelle Road

Rs 2,07,900

M.G.Road, Brigade Road, Residency Road

Rs 1,95,500

12th Main, HAL 2nd Stage

Rs 1,11,800

Defense Colony, Indiranagar

Rs 1,71,800

CMH Road, 1st to 12th Cross

Rs 1,43,200

9th Main, Jayanagar

Rs 3,87,500

Dollars Colony, RMV 2nd Stage

Rs 1,84,000

Sampige Road, Malleshwaram

Rs 2,05,000

Sadashivanagar (C.V. Raman Avenue to Bhashyam Circle)

Rs 2,58,200

Sankey Tank Road

Rs 2,70,000

Dr. Rajkumar Road

Rs 1,61,500

ESI Hospital Road, Rajajinagar

Rs 1,10,000

Nandidurga Road

Rs 1,75,000

Bannerghatta Main Road (Hosur Road to Dairy Circle)

Rs 1,53,000

Vittal Mallya Road

Rs 2,08,900

The FAQ On Guidance Value:

Should we register our property at Guidance Value or Market Value? And how will Guidance Value affect the property prices?

For example, if the market value of a property in a particular area is Rs.6000/sq.ft. and the Guidance Value is fixed at Rs.4500/sq.ft. by the Revenue Department, then the homebuyers have a choice to register the property at a rate anywhere between Rs.4500/sq.ft and Rs.6000/sq.ft.

But, in case, if a property offers the market rate of Rs.5500/sq.ft and the Guidance Value is priced at Rs.8000/sq.ft, then a homebuyer can not register the property below Rs 8000/sq.ft.

So, the property can be registered at either the Guidance Value or Market Value whichever is lower. But, in case of registration on the market value, you will always have to pay higher stamp duty.

How can we get the latest Guidance Value of a property?

The latest Guidance Value of the property in a particular area in a city could be obtained from the Sub-register office.

How reduced Guidance Value impact both buyers and sellers?

Taking the current market condition, where the market value of a property is much lesser than the Guidance Value, even a small reduction in Guidance Value helps both buyers and sellers in a big way. Here are some important benefits of reduced Guidance Value:

  • It lowers capital gain tax for the seller
  • It also lowers stamp duty and registration charges for the buyer
  • It makes possible lower sale values for the buyer

Why did Guidance Value in Bangalore reduce? And how did it affect buyers, sellers, and the government?

There was a significant variation between market value and the Guidance Value. This means that very few buyers were willing to take the burden of additional stamp duty and registration charges. As a result, there were fewer transactions and hence loss of revenue for the government.

  • It lowers capital gain tax for the seller
  • It also lowers stamp duty and registration charges for the buyer
  • It increases revenue for the government
  • It makes possible lower sale values for the buyer

How the Guidance Value of a property fluctuates?

The guidance value fluctuates between localities as well as apartments or projects within the same locality. Here are a few steps that calculate the guidance value of a property for estimating your investment costs:

Prime Locality:

The current real estate trend and reputation of the developers, and the kind of upcoming projects ranging from affordable, mid-segment or luxury residences set guidance value. A locality that is recommended for luxury apartments and villas by famous builders will have a high guidance value.

Higher Floors:

The base guidance value remains the same until the 5th floor. The value rises from the 6th floor upwards.

No of Amenities:

In Bangaluru, the state government has set the lifestyle amenities given by residential properties into 14 categories varying from the clubhouse, kid’s play area, swimming pool, commercial spaces and more. The Guidance Value hike for 5 or more groups of amenity.

How to calculate the Guidance Value of property in Bangalore?

The Stamps and Registration Department of Karnataka has launched an online platform known as “KAVERI” where one can calculate the Guidance Value in Bangalore 2019.

What is the Guidance Value of commercial properties in Bangalore?

The Stamp & Registration Department has notified an increase of 50% in Guidance Value of Commercial Properties in the 11th Main, Jayanagar, 4th Block.

What is the Guidance Value of road facing properties in Bangalore?

The Stamp & Registration Department of Karnataka has revised the guidelines and mandated the Guidance Value of properties facing roads by 25%.

What is the Guidance Value of a park facing properties?

The new guidelines have imposed an additional 10% rise in Guidance Value for properties facing parks.

Why does the government raise the Guidance Value of a property?

The Guidance Value of a property is a major source of generating revenue for the state. By raising the Guidance Value, the govt expects higher revenue.

How does a hike in Guidance Value impact property prices and buyers?

After a hike of up to 25%, property rates in some parts of Bengaluru has increased significantly. Property markets of Bengaluru which is already counted among the most expensive ones in India. People find it the most expensive and holding their buying decision.

For example, the current property rate in Jayanagar is Rs 1,75,000/sq.mt based on Guidance Value. It is to be noted that a square meter is equal to 10.76 sq.ft. So, if you have 100 sq.mt (1,076 sq.ft) house in Jayanagar, the Guidance Value is Rs 17.50 lakh as per existing value. So, the recent hike in Guidance Value in Bengaluru means a significant increase in property cost.

Homebuyers will lose interest in buying property paying more as Stamp Duty and Registration Charges for areas where the Guidance Value is higher than the Market Value.

Suppose, you are buying a property of Rs 1 crore based on Guidance Value and the stamp duty is charged at 5.6%, your total stamp duty comes to Rs 5.60 lakh.

Data & Image Sources: Google

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CIDCO Lottery 2019: Registration Deadline Extended Till 5th November

Oct 17,2019 / By / No Comment
CIDCO Lottery 2019

 

The City and Industrial Development Corporation (CIDCO) has extended the last date of application for its housing schemes, the Swapnapurthi Housing Scheme and the Mass Housing Scheme to 5th November 2019. The state-run body is planning to allocate over 9,500 homes across Navi Mumbai under the schemes. These units are largely meant for buyers from the low-income group (LIG) and economically weaker sections (EWS) categories at a starting cost of Rs 18 lakh.

CIDCO Lottery 2019 latest information

Detailed Information On CIDCO Housing Schemes 2019

Under the Swapnapurthi Housing Scheme 2019, about 814 units will be given to buyers from LIG and EWS categories in Sector 37, Kharghar. Approximately 619 homes are in the LIG category while 195 are in the EWS category. The size of the home proposed for the EWS category is 28.63 sq.mt. and the base price is Rs 24.9 lakh. Units proposed for the LIG category are nearby 34.36 sq.mt, for which the base price is Rs 39.1 lakh. The registration process has started on 30th August 2019.

Booking Amount

The applicants have to deposit Rs 5,000 as security money for units under the EWS category and Rs 25,000 under the LIG category.

Important dates

  • November 4, 2019: Registration ends.
  • November 4, 2019: NEFT/RTGS Challan generation ends
  • November 5, 2019: Online registration ends
  • November 6, 2019: Online payment and NEFT/RTGS last date
  • November 19, 2019: Publication of final list of accepted applications
  • November 26, 2019: Lottery Draw at 10.00 am

CIDCO Mass Housing Scheme 2019

The CIDCO will be allocating approximately 9,249 homes under the Mass Housing Scheme. The applicants have to deposit Rs 5,000 as security money for units under the EWS category and Rs 25,000 under the LIG category. An extra charge of Rs 250 has to be paid as a registration amount. The housing scheme offers units in Taloja, Ghansoli, Dronagiri, and Kalamboli. The flats in the EWS category are starting from Rs 18 lakh while the LIG category units are starting from Rs 25 lakh onwards. The registration for which has already commenced from 11th September 2019.

Important dates

  • 4th November 2019: Last date of registration
  • 5th November 2019: Last date of online registration
  • 6th November 2019: Last date of NEFT/RTGS payment
  • 15th November 2019: Publication of draft list of accepted applications
  • 19th November 2019: Publication of final list of accepted applications
  • 26th November 2019: Lottery Draw at 10.00 am

Eligibility Criteria

An applicant whose average monthly income of Rs 25,000 can apply under the EWS category while those with an average monthly income between Rs 25,001 and Rs 50,000 could apply under the LIG category.

How to check the list of accepted applications?

Here is a step-by-step guide to check the list of accepted applications:

  1. Visit lottery.cidcoindia.com/app
  2. Click ‘Accepted Applications’. The page will be moved to a new page where you can choose the lottery scheme.
  3. Select the area which you have chosen in your online application form. You can see your name on the list if your application has been allowed by CIDCO.

How to verify the results for CIDCO 2019 lottery?

The results can be seen on www.Cidco.maharashtra.gov.in and lottery.Cidcoindia.com after 6 PM.
Here is a step-by-step guide to check the results for CIDCO 2019 lottery

  1. Log on to lottery.Cidcoindia.com
  2. Click on the ‘View Lottery Result’ link
  3. Fill up the required application sections to check the CIDCO lottery result 2018

Important contact numbers

Applicants can communicate on 1800222756 for more information regarding the lottery details.

90,000 Homes Coming Soon

Earlier, the urban body, City and Industrial Development Corporation (CIDCO) declared that it is planning to offer 90,000 affordable homes in Navi Mumbai areas such as Kalamboli, Taloja, Juinagar, Bamandongri, Panvel, and Kharghar in its upcoming housing scheme. The scheme is expected to come soon. Lottery winners will be fit to pay as construction progresses. According to CIDCO officials, out of these 90,000 homes, 53,000 units will be under the EWS category while 37,000 units will be in the LIG category.

It was in October 2018 when the CIDCO had put over 14,800 homes on sale for which 2 lakh applications were obtained. As per the media reports, over 51,000 people have applied in the 2019 housing scheme, in the open category under Prime Minister Awas Yojana (PMAY). The list of winners is available on www.lottery.cidcoindia.com. As many as 58,700 applications were received by the CIDCO.

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DDA May Revise in Delhi Masterplan 2021 To Allow Fitness Centres In Residential Areas

Oct 11,2019 / By / No Comment
DDA allows fitness centers in residential areas

Highlights:

  • The DDA has approved a proposal to revise the Delhi Master Plan to allow fitness centers to run in residential areas

  • Any new center can now be opened on the ground floor or in the basement

  • Delhi Master Plan 2021 now be revised and they will be able to get regularized by paying conversion charges

To give support to gym and wellness centers challenging sealing, the Delhi Development Authority (DDA) on Wednesday passed a suggestion to amend Delhi Masterplan 2021 to regularise them and allow their service in mixed land use areas. The decision was taken during the authority meeting of the urban body, chaired by Lt Governor Anil Baijal.

After a Supreme Court-appointed monitoring committee recently ordered the sealing of all gym, yoga, and wellness centers that have been established in the national capital (Delhi) after August 12, 2008, violating the master plan standards. The current plan provides these facilities in commercial complexes only if they have developed before 12th August 2018, while the rest are supposed illegal said Vijender Gupta, a DDA member.

According to the committee, all these centers fall under the “other” category of land use. The order is also implemented irrespective of the nature of the road i.e. commercial, mixed or non-notified.

Gupta further said that the Delhi Master Plan 2021 now be revised and they will be able to get regularized by paying conversion charges. Also, any new fitness and wellness center can now be opened on the ground floor or in the basement.

DDA will soon be requesting suggestions from the public and establishing a board of inquiry. When this procedure will be completed, the proposal will be put again before the authority. While the revision will take some time, the process to bring cheer to gyms and fitness centers within walking distance from the homes of residents has begun.

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