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
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?