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9,458 houses to be built under PMAY at 10 locations

PIMPRI: The Pimpri Chinchwad Municipal Corporation is implementing ‘Housing for all’ project under the Pradhan Mantri Awas Yojana (PMAY). 

Under this scheme, 9,458 dwelling units will be built at 10 areas in Pimpri Chinchwad.

Out of these, the state level evaluation committee (SLAC) of the State government approved the draft plan of 601 unit housing project at Charholi,  Borhadewadi and Ravet on May 21, said Eknath Pawar leader of the house in the Pimpri Chinchwad Municipal Corporation (PCMC).

These buildings will be constructed as an affordable housing project for economically weaker sections. Also, the project will be undertaken as per public-private partnership (PPP) model. Therefore, a maximum number of the people in the city will benefit from the housing scheme.

A total of 9,445 houses will be built in 10 locations in the city. Out of this, 1,442 houses will be constructed in Charholi, 1,804 in Ravet, 1,400 in Borhadewadi and 500 at Akurdi.

The construction of the buildings at Charholi and Ravet has been approved by the Standing Committee. The tender process is going on in case of Borhadewadi project.

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MHADA Invites Applications for Housing Through Lottery System

PUNE: Maharashtra Housing Area and Development Authority (MHADA) has called for applications for over 3,168 housing  properties under the MHADA lottery system. The applicants can apply through MHADA lottery website for the housing scheme based on their economic category.

Addressing a press conference on Wednesday, Ashok Kakade, Chief Officer (CO) of MHADA said the properties will be available to people in areas of Nanded City, Mahalunge, Wakad, Ravet, Moshi and other areas.

“The flats have all modern amenities and are available at subsidised rates. For instance a flat of 325 square feet area would cost around Rs 9.5 lakh. The whole process of application is online and the process of lottery is also online which will be declared on June 30 at 10 am,” added Kakade.

The CO said MHADA has over 250 acres of land in Pune, Satara, Sangli, Solapur and Kolhapur. “For applying for housing in MHADA flats an applicant should not have his self-owned property in similar corporation jurisdiction. For instance a person who owns a property in Pune city can apply for MHADA property in Pimpri-Chinchwad and not in Pune,” added Kakade.

The CO said the majority of flats are for economic weaker section and low income group which covers around 2,500 of 3,100 homes available under the scheme.

Kakade said an applicant has to first register with MHADA after which he has to furnish his personal details and pay the deposit money which ranges from Rs 5,000 to Rs 20,000 as per the economic section one falls in. Kakade said about 2,500 homes were allocated to people by MHADA in 2016 and it received a great response from people.

“In last four days our site was visited by more than 10,000 persons. About 3,800 persons have applied till date in the lottery system. The last date for applying is June 19 and June 20 is the last date for paying the deposit money,” added Kakade.


Q. How to Apply for MHADA housing lottery system?

Ans.  The applicants can apply through https://lottery.mhada.gov.in and the helpline number is 9869988000.

3 Simple Steps to Apply for Mhada Lotter

1. Registration

Create Username
Fill Basic Information

2. Online Application

Select Lottery & Scheme
Print Acknowledgement

3. Payment

Online Payment
Submit Demand Draft in Bank


 

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Concession to small plot holders

Pune: Concession to small plot holders

  • Recognition to the PMRDA Manual
  • Citizens objections - publicity soon to the notice
  • Permission to use TDR on road widening to nine meters
  • Discount on amnesties space and open space for small plot holders
  • Provision of Paid FSI

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Ready reckoner rates not to increase this year (2018-2019)

Pune: According to a State government notification, the ready reckoner rates in the State will see no increase this year, after seeing the lowest increase in reckoner rates last year. The construction industry is calling this decision historic and important. Industry experts say this will benefit in lowering real estate rates.

“Ready reckoner rates are decided based on assessments of property value by the State government. On the basis of this rate, the stamp duty and registration charges are decided,” said Shantilal Kataria, President of Confederation of Real Estate Developers’ Associations of India (CREDAI). He said that the system of calculating the rates was not proper. He said, “The way in which the government has been calculating the rates is highly unscientific and non-transparent.”

Welcoming the decision, developer Satish Magar said, “This is a very good decision. The reckoner had pushed the prices of real estate upwards. After the problems of last year, it is a relief,” adding, “I would now go a bit further and say that the government should reduce the reckoner rates further for affordable housing projects.”

“CREDAI Maharashtra congratulates the government for keeping the same ASR rates of the year 2017/18 for the year 2018/19,” the official statement of CREDAI said. CREDAI has also mentioned that the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner. “In 2009, the then revenue minister Late Shri Patangraoji Kadam took the same decision,” the statement said.

CREDAI also urged the government to make the system more transparent. “Now, with a new provision incorporated by way of amendment in Stamp Act, the government can even reduce ASR rates. They should search such transactions where ASR rates are still unnecessarily more than real transactions and reduce the same by applying new provisions of the act,” the statement said, adding, “To further increase stability and boost confidence amongst property buyers, we urge the government to change ASR rates once in three years only.”



What are Ready Reckoner Rates and what they mean for home buyers?

What are Ready Reckoner rates?

These rates are the prices of the residential property, land or commercial property for a given area and is published and regulated by the respective state government. These rates are regularly revised on a yearly basis depending on the perception about the government for such price revisions.

Therefore, a homeowner or buyer would be required to pay the stamp duty or registration amount, not below such stated ready reckoner rates or the actual price of the property, whichever is higher.

Example – A house property in a certain area has a ready reckoner rate of Rs. 50 lakhs, while the builder has demanded the price of Rs. 60 lakhs. In this case, a homebuyer would have to pay stamp duty on Rs. 60 lakhs only, as it being a higher price.

How Ready Reckoner rates are important for home buyers?

In short, the ready reckoner rates are nothing but fair value price for a property set by the state government, where the builders have the freedom to charge premium over and above such rates. Clearly, it shows that a person will have to pay a value much higher to own a house over and above the reckoner rates. Therefore, if a state government revises such rates then it means that a home buyer would have to pay more than before. The ready reckoner rates serve as the biggest revenue source to the state governments. For instance, the Maharashtra State government has recently declared to hike ready reckoner rates, which will make properties altogether very expensive for buyers.

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