Category : Real Estate

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CIDCO Lottery 2019: Registration Deadline Extended Till 5th November

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

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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Property Tax Evaluation To Get Faster in Hyderabad

Property Tax Assessment

Hyderabad: Property Tax Assessment To Get Faster

A plan to combine building permission and property tax in Development Permission Management System (DPMS) is on papers. Unlike earlier, property tax will be assessed while issuing the Occupancy Certificate.

As per the top Greater Hyderabad Municipal Corporation (GHMC), once the details are listed in DPMS for building permission, the data will be shared in a single-window platform and property tax will be assessed. The software will be developed to combine building permission and property tax.

As of now, after the occupancy certificate is issued by the civic body’s town planning division. It can not be ignored that there are cases where houses have been identified after 3-years of occupancy and bill collectors manually evaluated the properties and estimated property tax.

What Is a Property Tax Assessment?

A property tax evaluation decides the market value of a property. Evaluations are normally prepared on a particular date each year, and they are usually based on current sales of equal properties in the area. Local authorities use your tax evaluation on the basis of your annual property tax bill.

Is property tax evaluation fair the market value?

Property taxes are charged by the state in which you live. They will impose a value based on comparable homes in your neighborhood. This assessed value will decide the amount of property tax you have to pay. Usually, the assessed value of a home is less than the market value.

How can I check my property tax online in Hyderabad?

You can check your property tax status online by following the steps below:

  •     Step 1: Visit the GHMC Property Tax Website
  •     Step 2: Select Search Your Property Tax
  •     Step 3: Select Your Property
  •     Step 4: Verify Dues and Make Property Tax Payment

 

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Affordable Housing In Visakhapatnam To Get A Boost Due To Construction Of Metro Project

Affordable Housing in Visakhapatnam to get boost

The Andhra Pradesh government proposal to extend the suggested metro rail project into the city’s outskirts. This decision has made the real estate developers in the city excited. Many real estate developers are now scheming to build housing societies in these areas to benefit low and middle-income groups.

Developers in the city feel that the cost of the property would increase once the time limit for the metro rail project gets closer. So, they now plan to address the working groups who they think will be using the metro on a regular basis but unable to afford the high-value property.

Former president of the Visakhapatnam chapter of Confederation of Real Estate Developers Association of India (Credai), Koteswara Rao told that a large number of the middle and lower-middle-class live in rental flats in Gajuwaka and Southern outskirts of the city as well as in Kommadi and Madhurawada. They might prefer to buy a property in Visakhapatnam and settle there permanently.

He further added that they might be able to afford homes in areas where the metro network is planned to go realizing the appreciation rate. So, they have decided to develop such Middle-income Group (MIG) and Low-income Group (LIG) projects.

As per the developer, since these projects will come under the Pradhan Mantri Awas Yojana, the cost of these flats would be less than Rs 25 lakh so that, buyers will get a discount on interest on home loans and other benefits.

The current property rate in the interiors of Gajuwaka and Kommadi is around Rs 3,000/sq.ft. On the other hand, the rate of property located on or around the highways hangs around Rs 3,500 – 4,000/sq.ft. Developers are expecting that the property rate will increase by at least 35 to 40% as soon as construction work begins.

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‘Jamabandi’ Of A Land Necessary In Patna Before Its Registration For The Transfer Or Sale

Jamabandi of property compulsory in Patna

On Friday, the state cabinet approved the government’s proposal to make the ‘’ (entitlement/khata) of land necessary in the rural side before its transfer or sale from one person to the other. The cabinet secretariat department principal secretary Sanjay Kumar said that the 2nd transfer or sale of a flat in a flat would need the holding number of the flat similarly.

The announcement regarding the cabinet approval to the government’s proposal about “Jamabandi” would be published soon.

The official also stated that the “Jamabandi” about the landed property in Patna had become compulsory because a descendant of a particular person has been found to retreat to the sale or transfer of land from his or her share even without getting the entitlement (Jamabandi/Khata) of the land property, which further leads to court cases. Hence, the govt decided to make “Jamabandi” of a land mandatory before its registration for the transfer or sale by a person to the other.

In case of the transfer or sale of a flat, no “Jamabandi” would be applicable. Instead, after the flat has been purchased from a builder buy any person, its 2nd sale or transfer would require submission of the holding number and related documentary evidence of the flat before its transfer or sale is done by the registration officer.

The cabinet also approved the release of Rs 91.80 crore for the development of 4-residential schools for the scheduled caste (SC) groups and 2 such schools for the scheduled tribe (ST) groups during the current fiscal. Overall, the government has allocated Rs 306 crore to be used in the construction of the schools involved.

What is Jamabandi?

Jamabandi is a title used to apply to land records in northern states of India – Punjab, Haryana, Rajasthan, Bihar, and Himachal Pradesh. Jamabandi is the Record of Rights (ROR) of a village. The Jamabandi Register includes the name of owners, area of land, shares of owners and other Rights.

 

 

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