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12/05/2017 - HMDA Land Auction near Hitech City and Gachibowli, Hyderabad
11/12/2016 - GO111 relaxation is under study says Telangana Government
11/12/2016 - Suspension bridge from Kavuri Hills to Inorbit Mall across Durgam Cheru Awarded to L&T
27/08/2016 - New Districts Formation in Telangana. Ranga Reddy cut to size! Chevalla loses out!
14/07/2016 - Hyderabad to have second Financial District - TSIIC hunts for land in Tellapur and Puppalaguda
18/06/2016 - Boeing flies into Adibatla Aerospace SEZ with Tata Group and sets up TATA Boeing Aerospace Limited
17/06/2016 - HMDA is ready with the preliminary feasibility study for the 290km Regional Ring Road in Hyderabad
12/06/2016 - Hyderabad Pharma City to be approved as a National Investment Manufacturing Zone
19/05/2016 - Apple's Offshore Development Center in Hyderabad Inaugurated
19/05/2016 - Alert! Land Registration Charge to be raised in Hyderabad and other hot locations
18/05/2016 - Apple set to inaugurate its First Offshore Development Center at Gachibowli in Hyderabad
06/05/2016 - Telangana to have 14 new Districts - Announcement expected on 2nd June
02/05/2016 - Tellapur Technocity Project - Developer asks Govt to let it develop 100 acres for which money was paid
14/04/2016 - Micromax Factory Starts Operations at Thukkuguda, Fabcity premises in Hyderabad
30/03/2016 - Amazon starts site development work at its Gachibowli Campus in Hyderabad
24/03/2016 - Wonderla Theme Park at Adibatla beside ORR, is expected to open in April
10/03/2016 - Key Points - The Real Estate (Regulation and Development) Bill
10/03/2016 - Cognizant to expand Facility in Gachibowli Hyderabad with 655 Crore investment
19/02/2016 - After Mumbai and Bengaluru, Hyderabad to get the third World Trade Center in India
16/02/2016 - Apple chooses Hyderabad for setting up its first Offshore Development Center
18/01/2016 - Retail Real Estate in Hyderabad booms, on the back of roaring food business! And Behungry will feed you while you save!
17/01/2016 - Booked Property with Mantri Group? Register it before any negative court order
10/01/2016 - Srisailam Highway posied to take off. A Business Standard Report
04/01/2016 - Last Date for BRS and LRS Extended till 31 Jan 2016
27/11/2015 - Uber to open its largest Technology Center outside of the US, at Hyderabad. Picks up 1.5Lakh sft space
26/11/2015 - Hyderabad Land Auction - Aurobindo Pharma buys land at the higest ever rate of Rs 29.28 crore per acre
10/11/2015 - Boeing Signs MOU with Tata Advanced Systems to make aerostructures for the AH-64 Apache choppers, in Adibatla
03/11/2015 - New LRS and BRS scheme is announced by the Telangana Govt. To apply before January 2, 2016
14/10/2015 - FIPB approves Helicopter Unit at Adibatla, Hyderabad by Indian Rotorcraft Ltd (JV of TATA and Augusta Westland)
03/10/2015 - Whre is Amaravathi Seed Capital Area?! Satellite Map and Pictures of Andhra Pradesh’s New Capital City
26/09/2015 - BRS & LRS is back! Building and Plot Regularization Scheme in Hyderabad to be announced soon!
29/08/2015 - NALA Tax burden to hit developers and buyers in Hyderabad. Highcourt dismisses writ petition filed by Developers against NALA Tax
27/08/2015 - Full List of 98 Smart Cities Announced by the Center on 27th August. Telangana has just 2 Smart Cities
30/07/2015 - Techwave Consulting to add 1000 IT employees in Hyderabad by 2016
24/07/2015 - Hyderabad to Get 20 new Multi Level Flyovers! City to Become Traffic Jam Free, in 2 Years
16/07/2015 - Boeing and Tata Advanced Systems sign pact for aerospace equipment manufacturing in Hyderabad
12/07/2015 - IKEA buyes 13 Acre land near Hitec City, Hyderabad for 250 Crore
06/07/2015 - Shifting of Secretariat & Assembly. The Govt. Targets Hitec City after Chest Hospital & Bison Ground were dropped!
06/07/2015 - Top 5 Locations in Hyderabad for Uber to build its $5Million Office Facility!
15/06/2015 - Micromax to Inevst 400 to 500 Crore at Thukkuguda E City on Srisailam Highway near ORR
11/06/2015 - Hyderabad Metro to Start work on 1 Million SFT Mall at Raidurg beside Bio Diversity Park
02/06/2015 - Pharma City in Mucherla near Hyderabad - Telangana Govt is Moving Ahead.
16/05/2015 - New Enterprise Associates (The World's Largest Venture Capital Firm) to invest $300 million in Hyderabad
12/05/2015 - Hyderabad Regional Ring Road may cause another land price boom in far outer villages
12/05/2015 - KTR gets Google invest $150Million on new Development Center in Hyderabad
12/05/2015 - Hyderabad to be the First Indian City to have Google Street View Implementation
08/05/2015 - DE Shaw agrees to epand operations in Hyderabad with $200M investment
03/05/2015 - Hyderabd reports highest rate of increase in office space absorption. Prime space rental shoots up
01/05/2015 - IKEA offers whopping Rs.19.21 Crore per Acre for 12 Acre land in Hyderabad, Raidurg Locality
29/04/2015 - HMDA loses relevance as it fails to bring-in revenue. Nobody around to weep for HMDA!

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Hyderabad News.New LRS and BRS scheme is announced by the Telangana Govt. To apply before January 2, 2016

Hyderabad News. Exclventures 03.11.2015

(Excl Ventures News.)We had reported recently that the Telangana State Govt will be launching LRS / BRS scheme to shore up revenue.

On Monday, the state govt announced new LRS (Layout Regularization Scheme) / BRS (Building Regularization Scheme) scheme to regularize illegal buildings and layouts and buildings with unauthorized construction.

Regularization would be allowed for both residential and commercial categories.

Properties registered between January 1 1985 and 28 October 2015 will be eligible for regularization.

The "Actual Regularization Charge" is a certain percentage of basic regularization charge. The percentage depends of the "Govt Market Value" of the land.

Basic Regularization Charge is to be first calculated and then the above percentage applied to this value to determine "Actual Regularization Charge".

BASIC REGULARISATION CHARGES:
  • Plot Area Less than 100 Sqm - Rs.200/sqm
  • Plot Area 101 to 300 Sqm - Rs.400/sqm
  • Plot Area 301 to 500 Sqm - Rs.600/sqm
  • Plot Area Above 500Sqm - Rs.750/sqm
  • Slums - Rs.5/sqm (irrespective of plot area and land value)
The "percentage" to be applied to the basic regularization charge, varies based on the Market Value of the land. Below Rs.3000/sqm, the percentage is 20.

Below 3000 (Market Value of Land) - 20%

3001 to 5000 - 30%

5001 to 10000 - 40%

10,001 to 20,000 - 50%

20,001 to 30,000 - 60%

30,001 to 50,000 - 80%

Above 50,000 - 100%

Example:

Assume Your plot size is : 300 sqm

Assume Govt Market Value for registration for that locality is : Rs.6000/sqm

Basic Regularization Charge = 300sqm x Rs.400/sqm = Rs.1,20,000

The payable "Actual Regularization Charge" = Rs.1,20,000 x 40% = Rs.48,000

(Hence Rs.48,000 is the regularization charge to be paid)

Apart from this, "Pro-rata open space charges" will be applicable if 10% open space is not available in the un-approved layout. Pro-rata open space charges @ 14% of the plot value prevailing as on the date of registration of such plot shall be paid.

The Govt is expected to set up an online system to accept applications. However, since several drawings and documents are to be furnished, most people will have to depend on agencies who assist in submitting applications.
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Keyword Tags Hyderabad News,LRS 2015, BRS 2015

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