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20/02/2012 - Hyderabad Extended Area Master Plan - Delayed. Use the opportunity to review status of your land.
19/02/2012 - Union Pacific Railroad & Covidien to set up offices in Hyderabad. Cisco, Amazon, Deloitte, Facebook to ramp up head count
18/02/2012 - Silicon Image unveils Indias first global R&D centre in Hyderabad
18/02/2012 - Hitachi to up Hyderabad GDC headcount to 4k engineers
16/02/2012 - Amazon to double its staff strength in Hyderabad
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

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Hyderabad News.LRS likely to be back again! Plot Regularization Could Still be Posiible!

Hyderabad News. TOI 21.11.2011

(Excl Ventures News.)

As the Layout Regularisation Scheme (LRS) has been a major money-spinner for civic bodies,especially the fundstarved Hyderabad Metropolitan Development Authority (HMDA),the state government is considering giving the nod for accepting fresh LRS applications.
Civic bodies in the state had accepted LRS applications up to December 31,2010.

However,processing of LRS has been continuing.The HMDA metropolitan commissioner has recently written to the government for reintroduction of LRS,while the Director of Town and Country Planning (DTCP) had made a similar request to the municipal administration and urban development (MA&UD ) department a few months ago.


Now,MA&UD department is seeking opinion of various wings of the municipal department whether to give clearance for LRS or not.Sources said HMDA,DTCP and Greater Hyderabad Municipal Corporation (GHMC) were in favour of reintroduction of LRS.The MA&UD department will take a decision on LRS by the end of this month, a senior official of the municipal administration department said.If the nod is given for accepting fresh applications,it will be applicable to plots in illegal layouts which were registered prior to December 31,2007 as was the case with the earlier LRS scheme, he added.


 


LRS was first introduced on January 1,2008 to regularise open plots in unauthorised layouts which were registered before December 31,2007.Initially,only two months were given to applicants along with the Building Penalisation Scheme (BPS),but it was kept on extending till December 2010.Nearly 1.30 lakh plot owners have applied for the LRS by paying part of the penal amount.Since several thousands of applicants have to pay their penal amount to the HMDA and GHMC,the MA&UD has given time to process the applications which were received earlier till December 31,2011.


Nearly 15,000 LRS applicants in GHMC and 17,000 applicants in HMDA are yet to clear the penal amount and take their proceedings.Both the wings are supposed to get nearly Rs 100 crore towards the dues.


Most pending applicants have to pay penal amount and submit Urban Land Ceiling Certificate (ULC).Some plot owners have not submitted relevant documents to process their applications for the past few years, an additional chief city planner said.Despite several reminders and putting their names in the defaulters list,the plot owners were not coming forward to clear their dues.Hence,the HMDA has asked the MA&UD to consider giving permission to receive fresh applications.During the LRS scheme,HMDA used to get about Rs five crore per month.As now only processing is being done,revenue through LRS has come down to a few lakhs.With the HMDA facing financial crunch,revenue through new applications would be useful for the authority, a senior HMDA official said.

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