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05/02/2012 - HMDA plans Toll Tax on ORR from May
05/02/2012 - CBI Action on IAS officers, impacts Governance. Expect indecision by IAS officers on all matters. Project Approvals to be affected
04/02/2012 - Govt. may relax GO111 regulations in certain areas
30/01/2012 - BP Acharya Arrested by CBI in Emmar - APIIC Scam
28/01/2012 - Building Penalisation Scheme (BPS) may be extended
24/01/2012 - Cisco evaluates Hyderabad for Development Center
24/01/2012 - HMDA to take up Shaikpet to Kokapet ORR Radial Road work soon.
20/01/2012 - Andhra Pradesh seeks a stringent real estate Act
20/01/2012 - Infor Global Solutions eyes $70 mn from Hyerabad centre of excellence (CoE)
19/01/2012 - AP Govt seeks a stringent real estate regulatory Act
15/01/2012 - Kukatpalli to Hi Tec City in 2 Minutes- Rail Over Bridge to be ready by May 2012
12/01/2012 - Yash Birla to set up sports university near Hyderabad
12/01/2012 - KBR Park Prime Property Project by ICICI & NCC may be converted to Luxury Residential Apartments
12/01/2012 - Andhra Pradesh bags Rs.5.57 lakh crore investment projects
01/01/2012 - MGF may get the Boot as EMMAR Pleads to Let it Complete the Project, with 26% APIIC Stake Restored
01/01/2012 - LRS (Plot Regularization) Scheme is BACK! Regularize Your Plots till 30 June 30,2012.
20/12/2011 - GHMC undertakes Demolition of illegal buildings in LB Nagar
20/12/2011 - EMMAR - Govt Duel. EMMAR said to have agreed to restore 26% Stake of Govt in APIIC
19/12/2011 - Lanco Hills News. Apartment registrations under hold as legal battle rages in court.
19/12/2011 - LRS Deadline may be extended. But Eligibility Cut Off Date may remain December 31, 2007.
15/12/2011 - LIG - EWS Reservation in Real Estate Projects. 10% of the built-up area or 25% of its total units to be reserved
15/12/2011 - Mayo Clinic to Fly into Shamshabad? Joint venture planned by GMR, Apollo and Mayo Clinic
11/12/2011 - Hyderabad Real Estate scene looking up with Telangana movement factored!
10/12/2011 - DLF Commercial Project on Road No2 Banjara Hills in trouble. Cheating case against DLF honchos
07/12/2011 - GO111 Impact. Govt Cancels 227 Layouts in Moinabad, Shamshabad, Chevalla, Shankarpalli, Shabad Mandals
04/12/2011 - HMDA Plans Plot Auction in Jawaharnagar and elsehwere
21/11/2011 - Split or No Split? Solving the Hyderabad Puzzle.
21/11/2011 - LRS likely to be back again! Plot Regularization Could Still be Posiible!
17/11/2011 - US Company Siemon relocationg India Center from Delhi to Hyderabad!
06/11/2011 - Boulder Hills Plot Deals. Emaar, Stylish Homes deal a fraud,says CBI
06/11/2011 - Centre Plans to Go with Telangana Regional Council.
06/11/2011 - Hyderabad Real Estate Prices on Upward Move after an Year of Stagnation. Unresolved GO45 issue has potential to raise price by 20% overnight
06/11/2011 - Occupancy Certificate Needed for New Water Connections
05/11/2011 - GHMC Plans Green channel nod for high-rises soon
04/11/2011 - Rape of Kondapur Botanical Garden. HC issues notice to Govt and MOEF
02/11/2011 - 423 Acres Plotted Land Near Ramoji Film City. Wakf Board claims encroachment and issues notices to about 2000 plot owners
01/11/2011 - HMDA Plans Land Auction in Hyderabad to Raise Funds for ORR Works. 60 Leftover Plots and 3 Acres New Layout in Gopanpally to be auctioned
26/10/2011 - Bangalore Metro Runs while L&T to Rthink on Hyderabad Metro Project, in the wake of inability of Govt, to handover land
26/10/2011 - No one to Toll You on ORR! Toll Collection Postponed.
26/10/2011 - RBI raises hikes Repo Rate by 0.25 basis points. SB accounts to fetch more interest. Home loan Rates Unlikly to increase
25/10/2011 - Telangana News. SAMME ends after 42 days. Govt Staff to resume duty
22/10/2011 - ACB seeks info on illegal buildings in Kukatpally, Serilingampally and Rajendranagar municipal circles
22/10/2011 - Saab India Technology Centre opens in Hyderabad
21/10/2011 - Boulder Hills News. Plot buyers coerced to lie before CBI by
20/10/2011 - No Prepayment Penalty on Home Loans taken from HDFC, LIC, DHFL etc
19/10/2011 - Telanga Agitatiion Pauses for Breath. Govt Staff continues stir
19/10/2011 - AP among top five investment destinations notwithstanding Telangana Agitation
19/10/2011 - Decision on Telangana likely by month-end
18/10/2011 - GHMC sister city pacts a farce! Just a ploy to get Govt sponsored Foreign Tours!
18/10/2011 - Hyderabad Metro. Delay in Land Acquisition makes L&T jittery

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Hyderabad News.Buyers Beware! Check Whether Builder has Taken or Will Obtain Occupancy Certificate from GHMC.

Hyderabad News. Excl Ventures 06.09.2010

(Excl Ventures News.)

After slapping additional property tax on unauthorised constructions,now it is the turn of builders or owners who did not take occupancy certificate from Greater Hyderabad Municipal Corporation (GHMC) to face the music.


Armed with a clause in the new building rules (GO 86) which came into effect in 2007,the municipal corporation has decided to impose 200 per cent more on the current property tax on about 15,000 structures permitted in the past three years.In other words,if a property owner has been paying Rs 1,000 as property tax,he will henceforth have to pay Rs 3,000 in the absence of the occupancy certificate.



Notices are being sent to builders/owners who did not take occupancy certificates after completion of their buildings.The GHMC can collect 200 per cent more property tax as penalty from the owner/occupier every year till they take occupancy certificate, GHMC additional commissioner (finance ) S Hari Krishna told TOI.


Officials said after the new building rules came into existence,about 20,000 permissions,especially above ground+two floors where the builders have to mortgage either 10 per cent of their built-up area or one floor whichever is less to the municipal corporation,were given.
So far,about 13,526 buildings were identified by officials which were completed and occupied by the owners.


Of them,most number of permissions were given in Kukatpally circle,where 2,442 permissions were sanctioned in the past three years.Serilingampally circle gave 1,749 permissions,while Circle 10 (Khairatabad) 1,551 permissions.Only 21 buildings were permitted in the Qutubullapur circle.
As per GO 86,it is mandatory for owner /occupier of the building,who had taken permission after 2007,to take occupancy certificate.They are not supposed to occupy the structure without the certificate.


If any builder has not taken permission,it is considered to be illegal and the corporation can levy additional property tax.
While giving permission,the town planning officials should inspect the area and look into aspects like number of floors,external setbacks,parking space provision and abutting road width and check the sanctioned plan.


If there are any minor deviations in the building,the authorities can impose penalty of Rs 1,000 per sq metre of built up area and can release the occupancy certificate.
Sources said of the total permitted buildings in the past few years,not even 10 per cent buildings have taken occupancy certificates from the authorities.


There is a provision in the new building rules that government agencies including Central Power Distribution Company Limited and Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB ) should not give water or electricity connections to such buildings.
Even if they want to give connections,the agencies can charge three times more than regular fee to the owners, the additional commissioner said.


Comment :

Property Buyers need to be wary about this matter. GHMC may  use lack of Occupancy Certificate to arm twist owners.


Keyword Tags Hyderabad News,GHMC, Occupancy Certificate
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