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***10/09/2010 -Vigilance and Enforcement Department Kickstarts Probe into APIIC deals
***10/09/2010 -Outer Ring Road (ORR) Land Aquisition. AP High Court Quashes five notifications issued by the Hyderabad Metropolitan Development Authority
***09/09/2010 -APIIC deals under ACB scanner
***09/09/2010 -HDFC extends Teaser Home LOan but raises Interest Rate
***07/09/2010 -Boulder Hills Hyderabad. Court orders registration of cases against APIIC-Emaar accused.
***06/09/2010 -Buyers Beware! Check Whether Builder has Taken or Will Obtain Occupancy Certificate from GHMC.
***28/08/2010 -Wipro Commences Operation at 40 Acres Gopanapalli SEZ Campus, Hyderabad
***28/08/2010 -Satyam Scam. Enforcement Directorate (ED) takes over 4000 Acres Tainted Land
***27/08/2010 -GHMC Core City Master Plan. Multiple land use allowed in core areas
***25/08/2010 -Emmar Placates Byuyers. Flats to be ready by Jine 2011
***25/08/2010 -Core City Master Plan- Hyderabad gets revised master plan after 35 years
***25/08/2010 -Few takers for Rajiv Swagruha scheme. Govt Scheme for Middle Class Housing a Flop
***25/08/2010 -Building Penalisation Scheme (BPS) extended till Nov 15
***25/08/2010 -IT SEZs fail to keep job promise
***23/08/2010 -Emmar Controversy Gives Jitters to Corporate Sector in AP
***23/08/2010 -HMDA Master Plan for Hyderabad City Core Areas Released
***20/08/2010 -Stamp duty on GPA registration in AP to be hiked to 5% the highest in any state in India
***13/08/2010 -US based Alexandria Inc to Set Up Health Care Facility with Multi Speciality Hospital at Hitec City, Hyderabad.
***12/08/2010 -Emmar Gachibowli Project Land Deal. Heat gets to Bosta
***11/08/2010 -Emmar Gachibowli Project Back in Controversy. APIIC accused of allowing Govt stake to be given away
***08/08/2010 -Satyam Scam. CBI uncovers 7631 Fake Invoices
***05/08/2010 -IT Investment Region (ITIR) in Hyderabad. Central Govt to come up with final modalities soon
***05/08/2010 -HMDA may lose traction? Commissioner BP Acharya Shifts to Industries Dept. Rajeshwar Tiwari takes over as new commissioner of Hyderabad Metropolitan Development Authority
***05/08/2010 -Hyderabad Metro Rail. Govt grants 500 cr ore
***03/08/2010 -Telangana - Regsitration Revenue Falls Further
***02/08/2010 -Mumbai HC Stay on Service Tax for buildings under construction
***02/08/2010 -HMDA master plan for Peripheral Ring Road (PRR) beyond Hyderabad Outer Ring Road (ORR)
***02/08/2010 -Banks likely to woo existing home loan clients with base rate-linked offers
***01/08/2010 -Bypoll results come as huge blow to realty biz
***31/07/2010 -Prospects of Telangana more Real after Clean Sweep by TRS and BJP
***31/07/2010 -Stamp duty on sale deeds reduced to 5%
***31/07/2010 -HMDA plans street lighting and Landscaping along ORR
***27/07/2010 -Land acquisition for Metro begins
***24/07/2010 -Sterlite Proposes Rs.9000 Crore LCD Plant in Fabcity Hyderabad
***24/07/2010 -Fund crunch hits Hyderabad Bus Rapid Trasnport System (BRTS)
***24/07/2010 -Finally Satyam Trial to begin...on Monday
***18/07/2010 -State fixes Jan deadline for Metro Rail takeoff
***15/07/2010 -L&T to build Rs 12,132 Crore Hyderabad Metro
***14/07/2010 -CBI to Attach 425 Satyam Scam Money Properties extending to 1224 Acres. Earlier ED had Attached 444 Properties 4533 Acres
***14/07/2010 -Plot Auction Raises 67 Crore for HMDA . Rs.10,000 to Rs.17,000 Sqd in Nallagandla
***14/07/2010 -GHMC Allows Rampant Illegal Construction in Hyderabad
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***05/07/2010 -Consumer Court Ask Maytas Hill County to Refund FULL AMOUNT to G Harshavardhan and G Chandrasekhar
***04/07/2010 -BPS Deadline Date extended. Last Date for building penalisation scheme is August 15
***04/07/2010 -Home prices to go up 2.5% as service tax kicks in
***04/07/2010 -GHMC Hyderabad to rope in pvt parties to develop city
***04/07/2010 -Center approves Hyderabad Metro Tender Process
***04/07/2010 -AP Govt unviels new Information & Communications Technology policy 2010-2015
***04/07/2010 -SBi Extends Teaser Home Loan Rate of 8% for First Year till September

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Hyderabad News.GHMC Hyderabad to rope in pvt parties to develop city

Hyderabad News. TOI 04.07.2010

(Excl Ventures News.)

It is common for various infrastructure projects to be developed by private developers under the Build Operate and Transfer (BOT) system.However,perhaps for the first time in the country,civic infrastructure laying of roads,water pipelines and sewer lines,etc will be taken up by private developers in various colonies.


The cash-strapped Greater Hyderabad Municipal Corporation (GHMC) has come up with an idea to rope in private developers to build civic infrastructure in over 800 residential colonies where facilities are rather abysmal.


The development work will be taken up only in those colonies where the layouts are approved by the municipal corporation or regularised under the Layout Regularisation Scheme (LRS).
As part of this,it is proposed to invite tenders from private parties to provide urban civic infrastructure in various peripheral colonies.

 


The GHMC will bear a part of the expenditure by mobilising funds from the Jawaharlal Nehru National Urban Renewal Mission (JNNURM),World Bank and Hudco.The balance will have to be borne by the developer who will be reimbursed by way of annuity.The responsibility to maintain the infrastructure lies with the developer.Officials said there is pressure from the residential welfare associations for providing basic facilities like roads,water,sewer lines and streetlights.

As the civic body is in deep financial crisis,it is not in a position to take up developmental works on its own in all the colonies as the cost could run into several hundreds of crores of rupees.

To fulfil the demands of the colonies,the GHMC needs about Rs 600 crore.In the last two years alone,nearly Rs 1,000 crore has been spent in the surrounding municipal circles like L B Nagar,Kapra,Serilingampally,Uppal,Alwal and Kukatpally for providing civic infrastructure, a senior official of the corporation said.

The GHMC standing committee members are demanding that all the undeveloped colonies,irrespective of their legal status,be developed under BOT. Similarly,the members wanted even slums in core areas to be given priority.When contacted,GHMC chief engineer R Dhan Singh said the standing committee had in principle agreed for the proposal and a consultant would be appointed for taking up preliminary investigation.


Comment :
The concept is good if developers could be drawn with a workable business model
Keyword Tags Hyderabad News,GHMC, Colony Development
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