Telangana plans to raise Rs 3,000 cr via layout regularisation scheme
Real Estate

Telangana plans to raise Rs 3,000 cr via layout regularisation scheme

The Telangana government is planning to raise Rs 3,000 crore through the Layout Regularisation Scheme (LRS), after increasing land values and registration charges for property registrations.

Depending on the outcome of a Supreme Court case, the drive to regularise open plots in illegal layouts across the state is expected to generate between Rs 2,000 and Rs 3,000 crore. The state has already received a sum of Rs 250 crore as part of the application fee.

The LRS scheme was announced by the government in September last year, and applications were accepted till October 2020. As the government had stopped registering open plots in unapproved layouts, the scheme received a huge response, with 25 lakh people applying to regularise their plots. Individual plot owners were required to pay a one-time fee of Rs 1,000, while layout developers were required to pay a fee of Rs 10,000 with their applications.

Due to a high court case, the government was unable to proceed with regularisation after receiving the applications. The Supreme Court is currently hearing the case.

Municipal administration department principal secretary Arvind Kumar issued a memo on Tuesday, nine months after receiving the applications, directing officials from the municipal administration and panchayat raj departments to process the applications on time by issuing certain guidelines.

Preliminary processing would be divided into two stages for this purpose. In this stage, gram panchayats and civic bodies should group all LRS applications received into different clusters, such as a village, survey number, locality, and colony, and keep them ready for site inspections.

The municipal administration department memo informed in Stage II, each cluster should be inspected by a team composed of officials from the district collector's office, revenue, irrigation, panchayat, and local town planning staff, who should then upload their findings online.

The principal secretary told the media that the entire exercise should be completed in 15 days.

Image Source


Also read: My Home plans $2 bn investment in commercial project in Hyderabad

Also read: Commercial real estate investments at $1.35 bn in Q1 FY21

The Telangana government is planning to raise Rs 3,000 crore through the Layout Regularisation Scheme (LRS), after increasing land values and registration charges for property registrations. Depending on the outcome of a Supreme Court case, the drive to regularise open plots in illegal layouts across the state is expected to generate between Rs 2,000 and Rs 3,000 crore. The state has already received a sum of Rs 250 crore as part of the application fee. The LRS scheme was announced by the government in September last year, and applications were accepted till October 2020. As the government had stopped registering open plots in unapproved layouts, the scheme received a huge response, with 25 lakh people applying to regularise their plots. Individual plot owners were required to pay a one-time fee of Rs 1,000, while layout developers were required to pay a fee of Rs 10,000 with their applications. Due to a high court case, the government was unable to proceed with regularisation after receiving the applications. The Supreme Court is currently hearing the case. Municipal administration department principal secretary Arvind Kumar issued a memo on Tuesday, nine months after receiving the applications, directing officials from the municipal administration and panchayat raj departments to process the applications on time by issuing certain guidelines. Preliminary processing would be divided into two stages for this purpose. In this stage, gram panchayats and civic bodies should group all LRS applications received into different clusters, such as a village, survey number, locality, and colony, and keep them ready for site inspections. The municipal administration department memo informed in Stage II, each cluster should be inspected by a team composed of officials from the district collector's office, revenue, irrigation, panchayat, and local town planning staff, who should then upload their findings online. The principal secretary told the media that the entire exercise should be completed in 15 days. Image Source Also read: My Home plans $2 bn investment in commercial project in Hyderabad Also read: Commercial real estate investments at $1.35 bn in Q1 FY21

Next Story
Infrastructure Urban

Six Bidders Vie for Rs 572 Bn Jaiprakash Associates

The scramble to rescue Jaiprakash Associates Ltd (JAL), the flagship of the debt-laden Jaypee Group, reached a decisive stage on Tuesday as the window for resolution plans shut with at least six suitors in the fray. Industry sources say Adani Enterprises, Vedanta Group, Dalmia Bharat, Jaypee Infratech (backed by the Suraksha Group), Jindal Power and PNC Infratech have all lodged bids. Jaypee Infratech confirmed its submission but declined to reveal details.Lenders will open and assess the offers at a Committee of Creditors meeting today. Although bid values remain under wraps, the National Ass..

Next Story
Infrastructure Urban

Delhi Orders Urgent MAMC Hostel Repair and Safety Upgrade

Delhi Chief Minister Rekha Gupta has instructed multiple departments to overhaul hostel infrastructure and enhance student safety at Maulana Azad Medical College (MAMC). Chairing a high-level meeting at the Delhi Secretariat with Public Works Department, Health officials and student representatives, the Chief Minister demanded immediate repairs to ageing hostel blocks, new high-intensity LED lighting, round-the-clock CCTV coverage and a larger security presence.She also ordered a special drive to clear illegal encroachments around the campus and fast-track plans for an additional hostel, delay..

Next Story
Infrastructure Transport

Vikaspuri Road Upgrade, Tree Drive to Boost Delhi Constituency

Delhi’s Health and Transport Minister Pankaj Kumar Singh has broken ground on the long-awaited Baprola Village–Harphool Vihar road while leading a record plantation of 501 saplings under the “Ek Ped Maa Ke Naam” campaign. He said the two initiatives reflect the capital’s “people-centric governance”, promising safer, faster and more dignified daily life for residents.The rebuilt thoroughfare will ease commutes for Baprola Village, G-2 Jai Vihar, Prashant Enclave, Bajrang Chowk and Harphool Vihar, directly benefiting an estimated three thousand to three thousand five hundred school..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?