亚博体育官网首页

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.


Also read: My 亚博体育官网首页 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 亚博体育官网首页 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

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Next Story
Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement