CM clears 3 major schemes Dec-2014 : Three schemes of Nagpur Metro Region i.e. Khadaka-Kirmiti-Panjari-Shiv Makda-Sumthana, Varoda-Panjari-Rui-Gavasi Manapur, Parsodi-Jamtha-Kotewada have been sactioned. However, Khasarmari Development scheme is still under consideration. The government has to change its user from Green to Yellow. The schemes will boost realty market on wardha road and ensure planned development in …
Nagpur among the fastest developing cities in the world says PM Narendra Modi (Summarized from his speech on 7th Mar 2019) Flagging off metro rail at Nagpur, PM Narendra Modi shares his views : Nagpur today is among the fastest developing cities in the world.There are endless possibilities here for business, industry and investment. According …
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Colony development is a time tested opportunity By Rishi Saraf 01-Mar-2019 From times immemorial, people from all strata of society have been used to putting part of their savings in buying plots of land in or around their town/city with the twin objective of building their dream home & as a saving tool to use …
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Nagpur Metropolitan Development Plan encourages development along Outer Ring Roads (ORR) & Gaothans 8-Feb-2018 In the recently approved development plan of the Nagpur Metropolitan Region (for areas outside the city limits) thrust has been given towards development along Outer Ring Road. Nine Urban Centres have been provided along the ORR with residential belt on both …
NMRDA encourages development along Outer Ring Roads & Gaothans Read More »
Encroachments on Govt land- Policy to regularize 20-Dec-2017 : Maharashtra government is planning to regularize encroachments on government lands. It is planning to bring out policy to regularize constructions on 500 sq ft plots free of cost, while plots of 500- 2000 sq ft will be charged a premium. Constructions done after 2011 illegally may …
Seaplane to connect multiple destinations in Vidarbha 30-Oct-2017 Sea plane, which will enhanse tourism potential of Vidarbha region is to see to trials soon. It is a project of Union minister Nitin Gadkari. The project is likely to connect Ambajhari lake or Gandhisagar lake with Shirdi and Shegaon. Both Shirdi and Shegaon are visited by thousands …
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5 times compensation on acquisition for Samruddhi Corridor 30-Nov-2017 The state government has approved 5 times compensation, against 2.5 times earlier, towards acquisitions for Nagpur-Mumbai Samruddhi Super Expressway to farmers in Hingna Tehsil. This benefit is being extended to farmers in Thane & Nashik districts too. Call Now
Faster building permissions in Maharashtra 5-Dec-2017 Municipal corporations & councils have been directed to issue building commencement certificate within 30 days and occupancy certificate in 8 days by Maharashtra government. The government has also appointed designated officers (Assistant Town Planner, Asst Engineer, Jr Engineer) and 1st appellate authority (Town Planner, Dy Engg) and 2nd appellate …
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Green city Nagpur an early adopter of EVs Nagpur an early adopter of EVs, to get 70 electric buses 07-Dec-2017 The city which is among the clean & green cities of India is to get 70 electric busses for it’s public transport. Nagpur was the 1st city in India to start electic car taxis with …
Outer Ring Roads are a good location for real estate investment By Rishi Saraf, 26-Jun-2017 As cities become expensive, new activities like educational institutions, hotels, clubs, warehousing etc, which require bigger parcels of land, locate on its outskirts. Normally, cities grow in all directions and to by-pass vehicular traffic, ring roads are made. Gradually the …
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Agricultural plot division & construction will be regularized 18-Nov-2015 : The state cabinet has relaxed norms for amalgamation or division of residential, commercial and industrial plots in the city. The developers have been granted permission for division of plot on their agricultural lands nearby city limits. About 50 lakh plot holders are expected to be …
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Government policy for real estate Overview The Government is continuously improving policy towards real estate sector. N e w s Nagpur Metro region development plan Farmers to get 5 times compensation for Samruddhi Super Expressway… Model bye-laws for clearances to building… Unauthorized constructions legalized… MMRDA to expedite development in Maharashtra… Govt to help in development …
Opportunities in real estate development in Nagpur Overview & Opportunities With prices of property within the city beyond the reach of the common man, the trend towards owning a villa or flat on the outskirts of the city at a reasonable price is likely to gather momentum. This is also happening in other cities like Delhi, …
Overview of real estate sector in Nagpur Overview With a population of around 2.5 million it is the 13th largest urban conglomeration in India and 114th largest city in world. It is the second capital of Maharashtra. It is among India’s fast growing cosmopolitan cities with high per capita income. It provides quality lifestyle at reasonable …
Smart City Nagpur Overview The government is taking several steps towards making Nagpur a smart city. By definition a smart city is an urban development vision to integrate multiple information and communication technology (ICT) solutions in a secure fashion to manage a city’s assets – the city’s assets include, but not limited to, local departments information …
Tips for buying land in India By Rishi Saraf 1. Avoid land owned by adivasis. To protect the rights of the adivasis from exploitation, the state government may have a provision in its laws that their land cannot be bought by purchase or taken on lease. Although some people feel that such land can be …
Overview of Indian real estate sector Overview About 10 million people migrate to cities every year. About 35% of the population in India is young, in the 15-35 years age group. Growing population, aspirations, standard of living and economy driving demand. Urban population currently 32.7% is expected to rise to 40% by 2030. Residential sector …
Views on industrial potential in Nagpur Situated in safe zone Nagpur is a city safe from possibilties of natural disasters. It falls under the safest earthquake zone II, lies outside flood related zones, there are no active volcanic zones, it is more than 1000 kms away from nearest sea coast with no risk of Hurricanes …
Real estate needs to be dematerialized like stocks By Rishi Saraf 16-Feb-2017 Presently, buying & selling property in India is quite cumbersome. It is similar to the position buying and selling shares was in the 1990s. Dematerialization solved the problem completely. Similarly, the government needs to dematerialize all land holdings to make them tradeable through …
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Where can I make a great investment in Nagpur? By Rishi Saraf 04-Feb-2017 : Before you invest, you must first decide the purpose of your investment. If it is to live in it, then investing in a constructed property may be desirable, else you may need to look elsewhere. Typically, from the moment a property …
Mutation of property to be easier in Nagpur Mutation of property to be easier in Nagpur 18-Jan-2017: Authorities will now automatically start mutation process under MLRC once property is registered. Earlier people had to apply at City Survey office for the same. This will come as a major relief to property buyers in District Nagpur …
NA permission major reform in Maharashtra NA permission made easy 10-Jan-2017 : Non-Agricultural (N.A.) conversion of land, which typically took 18 months time and running between 13 officials has now been made easy. Now, for land in areas where Development Plan (DP) is finalized, a non-agricultural certification will not be required. Once the necessary charges …
Real Estate: N.A. permission- major reform in Maharashtra Read More »
Permanent residency to foreign investors in India 03-Jan-2017 : Permanent Residency Status (PRS) will be granted to foreign investors subject to conditions, with provision for renewal for another 10 years. PRS allows the holder’s dependents to take up employment in India as well as purchase of one residential property for end use. Call Now
Interest additional deduction for home buyers in India 03-Jan-2017 : For 1st time home buyers, the Union Budget 2016-17 proposed deduction of addition interest of Rs 50,000 per year for first time home buyers for loans up to Rs 35 lakhs sanctioned during the next financial year for houses with a value not exceeding INR …
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Big building tax exemption for small plots in Nagpur 03-Jan-2017 : Nagpur Municipal Corporation (NMC) has proposed to exempt buildings/ houses on plots upto 200 sq mts from 10% big building tax. It is presently payable on buildings on plots over 150 sq mts with Annual letting value of more than Rs 1500. It is …
Huge interest subsidy for home buyers in India MIG flats carpet area increased for subsidy 17-Nov-2017: The central govt has cleared a proposal to increase carpet area of housing eligible for interest subsidy under credit linked subsidy scheme for MIG houses under PMAY (Urban). Carpet area for MIG-I will be upto 120 m2 and for …
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Building plans will be sanctioned online in Maharashtra 01-Jan-2017 : Building Plans will be sanctioned in Maharashtra on-line without human intervention. With this an Architect need not visit the Govt department for the same. It is being called Building Permit Management System (BPMS). It will be developed based on DC rules of the concerned city/ …
Building Plans will be sanctioned on-line in Maharashtra Read More »
New flyovers & river front development in Nagpur New Flyover from Liberty Cinema 24-Dec-2016 : A flyover from Liberty Cinema to Mental hospital will be made at a cost of Rs 300 crores. A new cement road will come up from RBI Sq to Telephone Exch sq costing Rs 220 crores. France doing DPR for …
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Farmland can be transferred to non-farmer for N.A. use 19-Dec-2016 : Maharashtra legislative assembly passed a bill to remove bar on transfer of agricultural land for NA purposes and simplified procedure for purchase of agricultural land for NA use. However, incase the non-farmer fails to utilize this land for non-agricultural purposes within 5 years, extendable …
Farm land can be transferred to Non-Farmer for NA use Read More »
Transmission lines 4 times compensation under consideration 09-Dec-2016 : The energy dept is considering proposal to give 4 times compensation to farmers with retrospective effect for allowing installation of transmission towers on their farm land as the Land Acquisition act 2013 does not speak about corridor of transmission lines passing through farm lands, says Energy …
Transmission lines 4 times compensation under consideration in Maharashtra Read More »
8 lane expressway to prosperity from Nagpur to Mumbai… This 706 Kms expressway to be constructed will bring prosperity 04-Nov-2016 : It will boost agro-based industries, attract globally competitive manufacturing units to Vidarbha & Marathwada and place Maharashtra ahead of other states by atleast 20 years says Devendra Fadnavis, CM. It will have 23 townships alongside, navigate …
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02-Nov-2016 : NIT is being appointed as Nagpur Metropolitan Development Authority (NMRDA). NMC will take charge of schemes within the city from NIT. NIT will take care of Metropolitan Region area of over 3500 sq kms surrounding Nagpur city with is part of Nagpur Metro Region. Areas of the city, MIHAN SEZ, and Municipal councils …
Land on city’s outskirts Vs plot (Growth over 27 years) By Rishi Saraf 21-Oct-2016 It is interesting to see comparative growth in real estate over a longer period between two investments i.e. prime residential plot in a city Vs agricultural land near a city in India. In the year 1989 prime residential land in Nagpur …
Comparative growth of agricultural land vs residential plot over 27 yrs Read More »
Diligence when buying agricultural land in India By Rishi Saraf 18-Oct-2016 Although agricultural land gives unparalleled returns over time, buying it requires some diligence. Some useful things to keep in mind when buying agricultural land: 1. Do a through check of the tile of the property. 2. If possible, meet all the current owners of …
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On industrial land – residential & commercial use allowed 11-Oct-2016: On payment of premium, Maharashtra government has allowed residential & commercial use on industrial lands and for closed units on such lands. 20% premium on ready reconer will have to be paid for residential use. 25% of total FSI can be utilised towards commercial uses. …
Industrial land’s residential & commercial use allowed in Nagpur Read More »
Is it the best time to invest in land? By Rishi Saraf 11-Sep-2016 Sector overview: About 10 million people migrate to cities every year. Urban population currently 32.7% is expected to rise to 40% by 2030. About 35% of the population in India is young, in the 15-35 years age group. Growing population, aspirations, standard …
International standard zoo being developed in Nagpur Gorewarda zoo works in full swing 9-Dec-2017 Indian Safari is being made over 115 hectares & includes tiger, sloth bear, leopard & Indian herbivore composite safari. This is expected to be completed by Sept 2018. For African Night safari tenders will be finalized by Dec 2017 and would …
Gorewada Zoo of international standard being developed at Nagpur Read More »
International look to Nagpur in 3 years 01-Aug-2016 : After completion of Metro Rail, upgradation of road networks and network of flyovers, the city will reveal any of the international cities. Devendra Fadnavis, CM, promises a new look to Nagpur City in 3 years. According to Guardian minister Chandrashehar Bawankule the process to give a …
How to maximize returns in real estate By Rishi Saraf, 1-Aug-2016 Lands in the vicinity of towns & cities offer very high returns over time. They typically quote at a low rate per acre (an acre is 43,560 sq feet) at the time when there is no development nearby. As the city grows, the land eventually …
Brookfield could invest $2 billion in India 15-Jul-2016 : The Canadian asset manager has raised $14 Billion to invest in infrastructure. Going ahead of KKR, Apollo and Carlyle, Brookefield has become the world’s 2nd biggest manager of real estate and private equity with $250 billion worth assets. Over next 2-3 years Brookfield could invest $2 …
Farmers in Maharashtra can sell in virtual private markets 10-Jul-2016 : Maharashtra Govt has made a provision for e-marketing of fruits & vegetables and given freedom to farmers to sell in virtual & private markets which are alternatives to APMCs. This has come as per directives of Central Government’s National Agriculture Mission. Thirty APMCs will …
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MMRDA to expedite development in Maharashtra 27-Jun-2016: Maharashtra Government has constituted Maharashtra Metropolitan Region Development Authority (MMRDA) to expedite development in state (barring Mumbai), which will be headed by the Chief Minister and will co-ordinate & supervise rapid & proper development of areas and execute projects, schemes & plans for such development. It will have …
Nagpur Metro region development plan CM clears Nagpur metro region plan with changes 8-Dec-2017 Nagpur Metro Region Development plan has finally been cleared by CM Devendra Fadnavis with several changes. NMRDA is soon expected to publish the final plan with changes suggested by the government. NIT Clears draft development plan of Nagpur Metro Region 22-Jun-2016 …
Jinan & Nagpur sign sister city relationship Friendship City Agreement with Jinan 09-Dec-2017: Nagpur & Jinan have signed a freindship city agreement. The two cities will carry out co-operation in infrastructure & IT sectors and youth & cultural exchanges. Jinan is a hub for production of medical equipment & for IT. Exchanges in trade & economy, …
Integrated township policy in Maharashtra 25-May-2016 : Developers who own over 40 hectares land will not need NA conversion permission. This policy, cleared by Maharashtra Cabinet, makes things easier for developers. They will get upto 50% cut in stamp duty payment. Developers with 40 hect will get 70% of basic FSI, those with 200-500 hect …
Home buyers moving into satellite townships 08-May-2016 In big cities like Delhi people are moving into satellite townships with luxurious buildings available there at reasonable rates to realize their dreams. Further, as corporates also choose to relocate to affordable areas, this trend accelerates as employees try to locate their residence nearby if possible. This is …
Home buyers moving into satellite townships in Indian cities Read More »
Model bye laws for clearances to building within 30 days in India 05-Apr-2016 : The Union Urban Development Ministry has released Model Building Bye-laws which propose to grant all clearances to building plans within 30 days from submission. Now, only C category buildings (those having construction between 50,000 sq mtr to 1,50,000 sq mtr) will …
Model bye-laws for clearances to building within 30 days in India Read More »
Land leasing act to boost farming in India 02-Apr-2016: NITI Aayog has prepared a model Land Leasing Act which states can adopt & modify. It will encourage land leasing between farmers to boost farming. The Act will legalize leasing of land between farmers and farming co-operatives. It proposes automatic resumption of land on expiry of …
Major relief to 7 lakh plot owners in Nagpur 14-Mar-2016 : Maharashtra Government has decided to legalize all unauthorized constructions made upto 31Dec2015. This will benefit around 7 lakh plot holders in undeveloped layouts. The government has directed NIT to provide Rs 100 crores every year for development of unauthorized layouts. Call Now
Building permits to be issued within 60 days in India 16-Feb-2017 : Government seeks to replicate Hong Kong’s model of issuing each construction permit within 60 days. Environment ministry is reducing the number of conditions that developers have to meet to about 8. These relate to green cover, natural drainage, solid-waste management, energy, air quality, …
Building permits to be issued within 60 days in India Read More »
Trend towards luxurious housing in city outskirts in India 03-Feb-2016: High rise buildings and townships by top developers are coming up on outskirts of Indore city. Due to new industries being setup, there is an influx of service class, and steep rise in demand from them. Posh projects for housing are coming up with modern …
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Blackstone most active buyer of office property in India 02-Feb-2016 : New York based Blackstone Group, the world’s biggest private equity real estate investor has been one of the most active buyers of office property in India in the year 2015. It has picked up mostly ready and income-producing office real estate projects. PE real …
Blackstone most active buyer of office property in India Read More »
Podium parking allowed in Nagpur 01-Feb-2016 : Podium parking allowed, parking policy announced to reduce traffic problems in Nagpur. More parking space has been prescribed for every building. Podium parking has been allowed and it will not be counted for height restrictions. Developers can set aside podium parking in open space around the building. Builders …
Gaothan limits extended in Maharashtra 15-Jan-2016 : Maharashtra State Govt has extended limit of Gaothan to 500 meters for population upto 5000 people and to 1500 meters for population above 5000 people. This will allow residential development in agricultural and no development zones along the periphery of Gaothan based on 1991-2001 census on payment of …
Crop insurance scheme to provide big respite to farmers in India 14-Jan-2016 : Central Govt has announced a new Crop Insurance Scheme which may provide big respite to the farming community in India. Premium will be 1.5% to 5%. Easy settlement through mobile uploading of crop-loss pictures, quick disbursement within 30 days. No restriction on …
Crop insurance scheme to provide big respite to farmers in India Read More »
Ground rent reduced in Nazul areas in Nagpur 17-Dec-2015 : Ground rent on Nazul lands has been reduced from 0.10% to 0.02% for residential and from 0.15% to 0.03% of the ready-reconer rate for commercial/ industrial use. 29-Oct-2015 : The State Govt has reduced ground rent on Nazul leased plots by 80%. Also likely is …
NA restrictions on farm land in cities removed 17-Dec-2015 : Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act has been amended to remove restrictions on non-farming use of agricultural lands in cities with Legislative Assembly giving its ascent to it. Earlier, transfer/ partition of land in any local area which created a fragment was …
Pool funding gets liberal rules in India 25-Nov-2015 : An Alternative Investment Fund (AIF), a pooled investment vehicle, in India can have majority or almost entire money from offshore investors and buy into businesses where foreign ownership is restricted. As per the rules, a fund will be considered as domestic in nature as long as …
Nagpur among greenest & cleanest cities in India 22-Nov-2015 : Nagpur is one of the greenest and cleanest cities in India says Shravan Hardikar, Commissioner, Nagpur Municipal Corporation (NMC). It is an Education Hub, offers quality of life, has many recreational places, cultural & heritage sites, gardens and playgrounds. It is a Tiger Hub, there are tiger reserves at …
Nagpur among cleanest & greenest cities in India Read More »
Why India’s first Metro-Park project came to Nagpur? 22-Nov-2015 : Nagpur has all the salient features i.e. best job opportunities in future, educational facilities, leisure and entertainment says Deepak Vasandani, Co-Founder & Director, Ensaara Metropark. The people of the city are hospitable, warm and friendly. Big cities of the country are already over-crowded. Nagpur …
Why India’s first metro-park project came to Nagpur? Read More »
Metro Rail in Nagpur Overview Two-wheelers account for 85% of the traffic on city roads says Ramnath Subramaniam, Executive Director Strategic Planning at Nagpur Metro Rail Corporation Ltd. Metro Rail project is being developed to reduce this traffic and for safety of citizens he says. Metro Rail phase II corridors 4-Feb-2018: Phase II of Metro Rail …
21-Nov-2015 Rahul Petkar, CEO, Polaris Consulting & Services Inc and Member Advisory board of the City of Mississauga speaking at the summit said that academic collaboration with private sector is necessary for growth of city. Summer programs where youth can get a chance to interact and exchange and learn about international cities, increasing communication with …
Knowledge sharing will increase international co-operation with Nagpur Read More »
Develop relations between universities & healthcare services of Nagpur & California 21-Nov-2015 : There are opportunities for Nagpur & California in developing relations between universities and healthcare services of the two cities says Bill Boerum, Chairman of Sister Cities International USA. He stressed on maintaining and nurturing international relationship to get international co-operation. He was speaking at …
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Indians bear good qualities like tolerance, acceptance to change 21-Nov-2015 : I am proud to have studied at Mumbai and know that Indians bear good qualities like tolerance, respect ethics, acceptance to change, the qualities necessary for international co-operation says Clare Petrich, Board Member, Greater Seattle Trade Development Alliance & Board of Directors (Commission) of …
Indians bear good qualities like tolerance, acceptance to change, respect ethics Read More »
India better placed to adopt smart city concept 21-Nov-2015: India is better placed to adopt Smart City concept as it is 35% urbanized compared to other countries said Karuna Gopal, Founder- President of Foundation for Futuristic Cities. She was moderating panel discussion at the Global Nagpur Summit.
People need to work with government for sustainable city growth 21-Nov-2015: The people need to work together with Government agencies for sustainable growth of city says Morel Fourman, Founder and CEO, Gaiasoft Group companies via video-conference. He was in panel discussion on ‘Making our Cities Smart- The Urban Transformation & Sustainability Challenge’ at the Global …
People need to work with Govt for sustainable city growth Read More »
Asset recycling necessary for development 21-Nov-2015: There is need of infrastructure creativity. We have 6% of GDP allocated for development of infrastructure and recycling of assets. Innovation of new ideas must be brought in for the development of old assets said Mark Pierce, Consul-General in Mumbai, Department of Foreign Affairs & Trade, Australian Government in …
Waste has become an industry in Sweden 21-Nov-2015: Every year Sweden imports waste and gets paid for it says Fredrika Ornbrant, Consul General of Sweden in Mumbai. In Sweden waste has become an Industry. Only 0.70% of the waste is going to land-fill, the rest is being used for energy-conservation. We are able to decrease our oil …
Digital footprints for future planning for smart city 21-Nov-2015: Considering the holistic development of a smart city, a digitized footprint needs to be integrated to monitor housing, transport, power, communication, water supply, for future planning and to take action, during natural disasters or certain developments, by placing sensors on bridges and important locations, to understand …
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Plot division and amalgamation norms easier in Nagpur 18-Nov-2015: The state cabinet has relaxed norms for amalgamation or division of residential, commercial and industrial plots in the city. The developers have been granted permission for division of plot on their agricultural lands nearby city limits. About 50 lakh plot holders are expected to be benefited …
Plot Division & Amalgamation norms easier in Nagpur Read More »
FDI restrictions removed in construction & real estate sector in India 11-Nov-2015 : All restrictions removed for FDI in construction & real estate sector other than 3 year lock-in for some cases. There will be no lock-in for FDI in SEZs, resorts, hotels, old age homes, educational institutions and NRI investments. Each phase of construction …
FDI restrictions removed in construction & real estate in India Read More »
Metro rail & Transit Oriented Development in Nagpur Transit Oriented Development along Metro Rail 21-Jul-2017 The government is encouraging residential & commercial development along the metro corridor. TOD refers to uses such as shops, restaurants, residential buildings, entertainment facilities within walking distance of metro stations. The idea is to create walkable communities and also to …
Government to help in development of unauthorised layouts 1-Jun-2015 : Earlier, the Chief Minister’s office had power of changing zone from green belt to yellow belt. Now, the government has delegated powers in this regard at the level of divisional commissioners. This will expedite development process in the state. Hurdles in way of changing zone …
Govt to help in development of unauthorized layouts in Nagpur Read More »
Satellite survey of land in Maharashtra 22-Jan-2015 : Maharashtra is set to become 1st state in India to resurvey all land & drawup land ownership maps using satellite technology to ascertain ownership titles of virtually every plot of land. It will help farmers & investors who want to setup projects. GPS and satellite images will …
NIT township expected near Jamtha stadium in Nagpur 2014: A 1000 hectare NIT mega township to the west of Jamtha cricket stadium would be cleared soon. The scheme is spread over 5 villages and is on one side along outer ring road. It will house 2 Lakh (0.2 million) people. NIT will provide all basic …
NIT township expected near Jamtha stadium in Nagpur Read More »
26-Dec-2014 : The city is expanding and the area around Nagpur City is developing very fast. The Govt is committed to providing basic amenities in this area. Recent amendments to MRTP Act will ensure planned development of newer areas. Peri-urban water supply scheme for 10 villages in Besa-Beltarodi belt in vicinity of Nagpur city has …