+
Mangalore Urban Development Authority cuts betterment fee by 80%
Real Estate

Mangalore Urban Development Authority cuts betterment fee by 80%

After the state government approved its request, the Mangalore Urban Development Authority (Muda) has cut the betterment charge for layout, change of the land, and single-site by five times.

Chief Minister BS Yediyurappa and Urban development department minister BA Basavaraja (Byarati) approved the updated fee.

Citing an example, Muda chairman Ravishankar Mijar told the media that if the betterment fee for five cents land costs Rs 6 lakh per cent is Rs 33,000, according to the revised order, it would be Rs 6,800.

He said that the residential layout developed by the Muda at Konaje would be complete soon, and by this, Muda is prepared to allot sites after 15 years.

Mijar also said that the Konaje layout, which is constructed on 13.2 acre for Rs 10.2 crore, is around 90% complete.

The layout will have 135 sites, and 94 would be available for allotting by the year-end. A lake is in the process of development near the layout, and Muda is also in process of getting the technical permission for the Chelyaru layout development.

The Muda Master plan-III is being developed under the AMRUT scheme, utilising GIS technology. The provision would be made for road widening, four truck bays, and a truck terminal to avoid traffic bottlenecks.

The development of lakes and restoration is being done under the Green Mangaluru initiative. Five lakes are prepared and are waiting for the opening declaration. The other ten lakes are under development.

The problems related to the Urwa Market, which is newly constructed, would also be sorted out soon, and to move the traders to the market, various steps would be taken.

Image Source


Also read: Property registrations in Indore recorded a 60% jump in June

Also read: Premium home launches at 36% in Q2 2021, affordable housing share dips to 20%

After the state government approved its request, the Mangalore Urban Development Authority (Muda) has cut the betterment charge for layout, change of the land, and single-site by five times. Chief Minister BS Yediyurappa and Urban development department minister BA Basavaraja (Byarati) approved the updated fee. Citing an example, Muda chairman Ravishankar Mijar told the media that if the betterment fee for five cents land costs Rs 6 lakh per cent is Rs 33,000, according to the revised order, it would be Rs 6,800. He said that the residential layout developed by the Muda at Konaje would be complete soon, and by this, Muda is prepared to allot sites after 15 years. Mijar also said that the Konaje layout, which is constructed on 13.2 acre for Rs 10.2 crore, is around 90% complete. The layout will have 135 sites, and 94 would be available for allotting by the year-end. A lake is in the process of development near the layout, and Muda is also in process of getting the technical permission for the Chelyaru layout development. The Muda Master plan-III is being developed under the AMRUT scheme, utilising GIS technology. The provision would be made for road widening, four truck bays, and a truck terminal to avoid traffic bottlenecks. The development of lakes and restoration is being done under the Green Mangaluru initiative. Five lakes are prepared and are waiting for the opening declaration. The other ten lakes are under development. The problems related to the Urwa Market, which is newly constructed, would also be sorted out soon, and to move the traders to the market, various steps would be taken. Image Source Also read: Property registrations in Indore recorded a 60% jump in June Also read: Premium home launches at 36% in Q2 2021, affordable housing share dips to 20%

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code