KCR Govt Getting Ready For Land Business In Municipalities To Increase Revenue

Hyderabad, May 14 (Maxim News): Chief Minister K. Chandrasekhar Rao’s government is getting ready for land business in municipalities on the lines of HMDA to increase revenue.

As part of this, private land in district centers and municipalities has been identified and focused on doing real estate business in the name of land pooling. This process has started in municipalities along the lines of HMDA. District officers step forward to do real business in six municipalities of the Yadadri district.

It seems that the KCR government aims to collect 400 to 500 acres of private land in six municipalities of the district. The land will be developed under the Public Private Partnership (PPP) method. It develops the land taken from private individuals and gives 20.7 percent of the acre to the owner and takes the remaining land for development. According to the calculation, 4840 yards of land is coming per acre.

According to HMDA and DTCP rules, if one acre is developed, 2800 yards of land will be left for roads and needs. In this, one thousand yards will be given to the owner. The remaining 1800 yards of land will be taken by the municipality. But once the land is acquired, that land will not be sold to anyone and will be added to the prohibited list.

Apart from Mothkur, Bhoodan Pochampally, Choutuppal, Bhuvanagiri, Yadagirigutta and Aleru municipalities in the district are close to Hyderabad. Due to this, the real estate business has expanded in the district on a large scale. Land rates are also sky high In municipalities Rs. 3 crores, with this, the government hopes to generate income through land pooling in this district. That’s why orders have been issued to collect as much land as possible. It seems that the Collector has been entrusted with the full responsibility for land pooling.

As there is no system in the municipalities to develop the land acquired through land pooling. with this, it seems that the development work will be handed over to contractors. Since no money is taken from the owner to develop the land, the development charges are paid to the contractor from the income generated by selling the 1800 yards to the municipality.

The Municipality has acquired 32 acres of private land under land pooling in Bhuvanagiri, the district headquarters. This land is located a short distance from the road leading from Bhuvanagiri to Jagadevpur. This is the first land collected under land pooling. After developing these 32 acres, if the land owner gets 32 thousand yards of land, 57,600 yards of land will be available to the municipality. Per yard Rs. 10,000 to owner Rs. 32 crores. If 400 acres are collected in the municipalities as per the target, the municipalities will get 7.20 lakh yards of land at the rate of Rs. 1800 per yard, For all the municipalities around Rs. 720 crores income will be generated. (Maxim News)

Next Story :

Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook page and Twitter and Instagram. For all the latest Hyderabad News updates