Home » India

Jaipur: Past to decide realtors’ future

Saturday, 15 February 2014 - 7:42pm IST | Place: Jaipur | Agency: DNA
To tide over its financial crisis, JDA decides to give nod to new projects only if the developer settles all outstanding dues of his previous projects.

The Jaipur Development Authority (JDA) has decided to give its nod to new projects in the city only if the developer has settled all the previous dues of his other projects.

With the new provisions in place, builders, developers and colonisers wishing to launch new housing, mega commercial and institutional projects in JDA’s jurisdiction would have to settle all the dues of their previous projects in order to get the nod for their new projects.

A decision in this regard was taken at Building Plan Committee (building plan) (BPC BP) meeting chaired by Jaipur development commissioner Shikhar Agarwal on Friday.

As per the details, the BPC (BP) would consider any new project proposal only when the developer submits an undertaking that he has paid all the previous dues.

This decision was taken in the light of feedback from various deputy zone commissioners in which the officials said that lease money, resumption charges and other fees of various projects were pending.

At the meeting, Jaipur development commissioner Shikhar Agarwal also gave instructions to the committee members to approve new layout plans only after all the dues by the project developer have been settled.

The committee has also approved submission of structure planning report prepared by NIT and IITs in addition to the existing MNIT.

At the meeting 15 residential, 13 group housing, 1 institutional and 4 commercial building layouts were approved.

It was also decided at the meeting that in order to get approval for extension of height of any constructed or under-construction building, the applicant need to submit a structural engineering certificate.

One-time lease
The JDA would now be accepting one-time lease payment for big projects. The move would also help JDA improve its financial health. Now the applicant who wishes to come up with a realty project would have to pay the entire lease money at the time of application. The BPC (BP) has decided to collect one-time lease money for big projects in one instalment. The JDA will give a lease for 99 years. The applicant can also deposit lease money annually.


Jump to comments

RELATED

Around the web