REAL ESTATE |
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Uttarakhand on a roll
THE much-awaited allotment of land to industrial units in various industrial estates in Uttarakhand by the state government recently is expected to give a boost not only to stagnant industrial growth but also to urban development in the state. Since the Bharatiya Janata Party (BJP) government took over the reigns of the state in March 2007 under the leadership of Chief Minister Maj Gen (retd) B.C. Khanduri, there was no decision on applications for allotment of industrial land by various companies desirous of setting up shop in the state. The proposals for the industrial plots were invited by the state government in July 2008 At a high powered meeting chaired by Khanduri on December 22, 2008 the State Infrastructure and Industrial Development Corporation of Uttarakhand (SIDCUL) decided to clear pending cases of land allotment. A total of 57 small companies from Delhi, Gurgaon, Faridabad and Ghaziabad have been allotted 1,000 sq metre plots each in the Haridwar and Pantnagar industrial estates. The move follows clearance of nearly 100 industrial plots by the high-powered committee that include top companies like ITC, HUL and Sterlite. The final allotment letters for new units and expansion programmes in the key industrial estates of the hill state have also been issued. All these companies were given land under the new allotment policy recently formulated by the government for Haridwar, Pantnagar, Kotdwar and Selaquie industrial areas. The companies were kept in three broad categories. In the first category, small and medium enterprises (SMEs) were given preferences with 25 per cent land being reserved for them. The main rush for proposals was for the Haridwar integrated industrial estate. In view of the heavy rush, the committee tried its best to accommodate the maximum number of companies in the final allotment. In the second category, nearly six industries were given approximately two acres at Haridwar. In the third category, big companies like HUL were given preference, as investments were heavy. Nearly 18 investment proposals were also cleared for the Pantnagar industrial estate. Top companies like Delta are among the Pantnagar beneficiaries. Besides, two companies each were given land at Kotdwar and Selaquie. With just fifteen months left before the state’s special industrial package providing tax benefits to industry coming ends March 31, 2010, the government was keen to generate revenue and give a much-needed fillip to industrial growth in the state. It was expected that these new industrial units would come up soon to get maximum tax benefits under the special industrial package giving employment and fuelling economic activities. However, the development also augur well for the urban development in cities and towns close to the industrial estates. After the special industrial package announced by the union government in 2003 and open door policy of the previous N.D. Tiwari government, industry had made investment worth nearly Rs 10,000 crore in the state. Industrial activity also gave a boost to urban development with coming up of housing complexes, hotels and malls in Pantnagar, Haridwar, Roorkee and Dehradun. Then came a period of lull and recession in the real estate business that was further compounded by the decision of the BJP government in 2007 to reduce the limit of agriculture land that can purchased by an outsider for building a house from 500 square meters to 250 square meters, discouraging outsider buyers from investing in the state. With announcement of a new Master Plan for the planned development of Dehradun and the allotment of new plots in industrial areas, it was expected that housing and urban estate sector would also benefit. "We are hopeful that 2009 would bring in new hope for urban development in Uttarakhand," said Inder Singh, a prominent builder of Dehradun. |
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Housing made affordable
AFTER more than a decade, the Greater Ludhiana Area Development Authority (GLADA) has embarked upon an ambitious project to construct 500 one and two bedroom residential flats in Dugri Phase II, a posh colony in Ludhiana.
According to chief administrator A.K. Sinha, 350 one bedroom flats and another 150 two bedroom flats will be built over six acres in Dugri. To be constructed under a self-financing scheme, the one bedroom flat will have a carpet area of 450-500 square feet with a tentative cost of Rs 9.5 lakh while the two bedroom flats, with a carpet area of 950 to 1,000 square feet, will cost around Rs 16 lakh. "We are making efforts to offer residential flats with top class construction, incorporating all basic facilities and latest design following current architectural trends. We had organised an architectural design competition for the flats and designs presented by Chandigarh-based Vaastu Group were adjudged best. Once the model is approved by the Regional Planning and Development Authority, further action will be initiated to get structural designs prepared and start tendering process for civil works," Sinha said. Additional chief administrator S.R. Kler said talks were on to finalise a tie-up with a leading bank for extending finance facility to prospective buyers on easy terms. “In fact, the bank selected for this purpose will act as a virtual manager as far as the finances is concerned, right from sale of application forms to disbursement of loans based,” Kler said. Divisional engineer V.K. Chauhan, who is overseeing the project, claimed that quality of construction would be comparable with private housing projects while the cost will be roughly half that being charged by private builders in similar localities. The authority had decided in principle to sell one bedroom flats at cost price without making a profit. The proposed scheme is likely to come as a boon to genuine buyers. "Prospective buyers always prefer a flat in an authorised colony where all basic amenities are guaranteed, deals are free of litigations and timely construction as well as delivery of possession are time-bound. Private builders tend to cut corners in seeking mandatory permission, often fail to provide promised amenities besides being guided by other market conditions," says an established property dealer and estate agent of Ludhiana. But private builders and estate developers are not excited. The project will offer buyers a choice and some may even put plans on hold, but with the booking date not even final yet, it may take a while before buyers return to private builders. Said Sanjeev Aggarwal, a retired government employee, “I had a couple of opportunities in the past to purchase a plot in a colony carved out by a private property developer but my friends, who have had bitter experiences in such deals, advised me to wait for something reliable. Now that the authority is coming up with this housing project, I plan to apply. For once, I feel secure that I won’t be duped of my life’s savings.”
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Best of both worlds
Satish Narula THE ornamental value of trees was a chance finding. Most ornamental trees were studied and well-understood thousands of years ago by our sages and basically, introduced and used as medicinal trees. There is clear-cut mention of most of these trees in our scriptures. We always had them around, but with the development of cities, we had another reason to keep them very near -- aesthetics. Let us today know about some of these ornamental but medicinal trees. Before I introduce you to some of these trees that have tremendous medicinal value, I know I am exposing them to the danger of extinction. I have always been saying that if you want to kill a tree, tell its medicinal value to the masses and they will ‘lynch’ it to remove its various parts. But I make a point of caution about the fact that the same tree in seclusion may be a pack of medicines but in cities and its surroundings, do not venture out to use any of its parts as medicine as standing in the polluted surrounding, these are laden with tonnes of pollutants, intake of which may cause deadly diseases like cancer, brain damage and paralysis. One of the very prominent and common trees to fall in this category is Amaltas (Cassia fistula). This is one of those trees that have a complete floral cover when in bloom. The deep yellow blooms give an extended spring as the flowering takes place during March and April. At that time there is no leaf on the tree. A few cylindrical seed bearing sticks of seeds, still hanging from the previous year, deep black in colour, provide a perfect contrast with the yellow. As the temperature starts rising, the leaves start appearing and the dense canopy is complete when it is needed the most. The tree does not grow very tall and due to its deciduous nature, can be accommodated to grow under high wires. Also due to leaf shedding in summer, its watering needs are minimal. The plant is propagated by seeds that have a hard crust, which needs scarification (rubbing on hard surface) to puncture a whole in the shell. The seed-pod is full of properties and cure for many human ailments. The seeds and the sticky gel are an excellent laxative and also used in case of worm infestation. Other parts are used as cure for ringworms and facial paralysis. Alstonia scholaris, Saptparna, was never known to be a flowering tree but even the insignificant flowers that it bears in bunches have a strong aroma. The tree is valued for its deep shade and closed canopy. It is because of this character of the tree that it is very good for parking lots. It grows very fast and has medicinal value, too – its parts are used as sedative, liver tonic, antileprotic and blood purifier. It was probably god’s wish that most of the trees with medicinal properties are short statured, probably to be within the reach of man. Another tree that comes in this category is the true Ashok, Sita Ashok (Saraca indica). It is the only sibling of its clan to bear deep scarlet bunches of blooms that appear on the drooping branches and have medicinal properties besides its bark and seeds. It has stimulant, blood purifier and anti-inflammatory, anti bacterial and anti fungal values. This tree also has a mythological significance. (This column appears fortnightly) The writer is a senior horticulturist and can be contacted at satishnarula@yahoo.co.in
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Q. Under the column ‘Where there is a will, there is no way out’, you have stated that a Hindu male has the right to make a will in respect of self-acquired property. You have not mentioned in case of ancestral property. Can a person make a will of his share of ancestral property and can that will be revoked or is it revocable by the real heirs? A. I presume that the ancestral property referred to in the query comes within the category of a joint family property. In such a case, the Hindu Succession Act, 1956, provides that a co-parcener has the right to make a will in respect of his share in the joint family property. He has no right to make a will in respect of the entire joint family property. Legal heirs, if executed validly, cannot revoke a will, after the death of the testator. It can be challenged only if the same is obtained by force, coercion or undue influence or has been executed under the influence of intoxication so as to take away the free will of the testator.
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