Bangalore Chennai Express Highway 6 Lane road in Future.............................

National Highways Authority of India will acquire properties in 13 villages in Hoskote to make way for the proposed six-lane, 262-km expressway

The National Highways Authority of India (NHAI) has begun land acquisition work for the 262-km Bengaluru-Chennai Expressway for those driving to cover the distance within three hours flat. The expressway will be an access-controlled road and vehicles are likely to be allowed to cruise at 120 km/h. Generally, expressways including Mumbai-Pune allow speeds up to 80 km/hr. The project is expected to take five years to be ready. The project, which was mooted a decade ago, has now found itself in the fast-track mode: The NHAI has kick-started the land acquisition process for the nearly 76 km of road that cuts through Karnataka.

"This is a greenfield project and will reduce the distance and travel time between the two cities which are already connected by two highways," NHAI authorities told Bangalore Mirror.

Gazette notification for acquisition of 2,050 acres (830 hectares) of land in Bengaluru Rural and Kolar districts of the state has been issued recently. Land will be acquired in 13 villages (including the infamous Dandupalya village) of Bengaluru Rural district most of them close to Hoskote, a real estate hotbed. In Kolar district acquisitions will be made in 22 villages of Malur taluk, two villages of Kolar taluk, 37 villages of Bangarpet taluk including Bethamangala and two villages of Mulbagal taluk.

ALTERNATIVE LAND? 

 People who will lose properties in the 13 villages near Hoskote are the most concerned. While those in arid Kolar are approaching the authorities to know if they will get enough compensation, those from Bengaluru Rural are demanding alternate land instead of compensation. Land owners form the 13 villages are making a beeline before the NHAI officers.

The land rates here are around Rs 1 crore per acre and no one wants monetary compensation in the hope that rates would zoom further with the construction of the highway, Bangalore Mirror learnt.

Out of the 2,050 acres that will be acquired for the road in Karnataka, these 13 villages will contribute a little over 371 acres or around 1,501,991 sq metres.

NHAI sources said after the first of the three notifications were issued on May 23 many people form these 13 villages were approaching them and most of them are concerned about getting alternate land.

However whatever the demand made by the public the NHAI will fix the rates based on its discussion with the deputy commissioner of revenue department and calculating it based on the most recent market prices. NHAI sources say they pay only compensation and not alternate land for acquisition. Courts have hardly ever interfered in the acquisition and compensation matters of NHAI, so even this time the authority is confident that the acquisition process would be smooth.

The third and final notification, which will contain the names of land owners, will be issued only a year from now. After the first notification, people can approach the special officer within 21 days if they have any issue with the land notified. Any standing structure on the notified land, whether it is temple, school or hospital will not prevent the takeover. Special officer for this project in Karnataka, AM Shylaja Priyadarshini, confirmed that landowners are approaching her but it was normal procedure.

Of the 76 Km of road passing through Karnataka, the NHAI has realigned only one stretch at the Jadganehalli Reserve Forest. There will be one railway over bridge in Kolar.

VILLAGES TO BE AFFECTED

The 13 villages near Hoskote are:

*Dandupalya *Kolathur * Vadigehalli * Vagata *Karibeernahoshalli * Gonakanahalli * Tirthahalli *Thaggalihosahalli * Hulluru Amanikere * Jinnagara *Kannurahalli * Chandrapura * Chimandahalli

BENGALURU to CHENNAI

Distance: 262 km; Inside Karnataka: 76 km

Acquisition in state: 2,050 acres

Acquisition near Hoskote: 371 acres

Project completion: 5 years

Investment in sarjapur village: Sarjapur town/village Real Estate

  

Sarjapur Town/Village location:Scope and development

As of now Sarjapur is a village (town to an extent) which is around:

  - 25kms from Electronic city phase 1

  - 19kms from Electronic city phase 2

  - 15kms from Outer Ring Road

  - 20kms from ITPL/Whitefield.

  - 10kms from Attibelle

Driving factor for the development of this area since last year it has got the real estate catch mostly because of:

• Proposed Infosys campus which is within the vicinity of 5kms.
• Six lane proposed STRR: It is very near to proposed 6 lanes STRR (Satellite Town Ring Road) highway which in turns connects Bangalore upcoming suburbs like Attibelle, Sarjapur, Bidadi, etc.
• Presence of good schools: Lots of good schools, national as well as international ones have their presence in this area. To name a few Indus International, DPS, Primus and many more schools are present in this area.

Real estate buzz in the area:

Confident have many projects (plot/apartment/Villas) in and around this area. You'll find plenty of its projects in this area like Confident Orion, Althena, Atik, Amber,Aquila, Antlia-I/III, Rigel, Bellatrix I/II/III, IV, Atria, etc. Empyrean is another mass level project in this area by Fire Luxur developers. However this project is on Bagalur Road and aroung 14kms from Sarjapur town. Pentagon Passiflora and Peninsula Parkville are other two big real estate project where builder is selling the constructed villa on plots of size starting from 30' by 40' dimensions.

Current livability Vs Future development and appreciation:

In the current scenario this area is not livable because of poor transport facilities and lack of shopping complexes (though a small grocery shop does exist).

Property prices are very cheap over there. No doubt it is bound to develop and appreciate but one has to wait for at least 5 years of time frame to reap of the profit.

ADVANTAGES DISADVANTAGES INDEPENDENT VILLA

Independent Villa:

                         When anyone dream of a home, the picture that emerges in the mind is that of a independent house. Of course there are advantages and disadvantages of living in an independent house.

ADVANTAGES OF INDEPENDENT ViLLA:

• An independent house provides you greater degree of freedom.
• Ability to design the house as per your wish.
• Future modification of exteriors as per the latest trends and wishes.
• If you have keen interest in gardening then you would have a space to build on your interest or grow your pets.
• More privacy with no more problems with regard to sound sweepage.
• You can always expand the space as per requirement in the future when your children grow up.
• You can develop the higher floors when you want to make some additional income through rent.

DISADVANTAGES OF INDEPENDENT VILLA:

• Security is a concern and will come at a significant cost i.e if you want to keep a watchman or gate keeper.
• Facilities such as power backup (especially if you want to install generators to run A/C’s etc) and water supply would be expensive and a managing the same would be a hassle.
• You would need to get access to external clubs and sport facilities. This would be an expensive proposition for e.g monthly access to a good gym could cost you anywhere between Rs 2500/- to 3500/-.
• Services such as plumbers, electricians etc would need to be identified and called for at the time of need.
• If you have a job which requires you to be traveling to different cities, then security of your household goods would be a cause for worry.
• If you are in the metros or in the tier-1 cities where land is scarce and expensive, you may end up owning precious little space and there will be very little space for garden and to walk around.

An alternate option which could help to capitalize on the advantages of an apartment and independent house would be to own villas in gated colonies or large residential projects. This option would provide the key advantages of an apartment such as security and other facilities and also provides a greater degree of freedom similar to an independent house. However there are few disadvantages such as limited flexibility to design the exterior and amount of independent space in front of the house.

ADVANTAGES & DISADVANTAGES OF AN APARTMENT :

ADVANTAGES OF AN APARTMENT:

• One of the key advantage of an apartment is security for your family members in the event you are traveling or for the expensive house hold goods.

• Facilities such as power and water backup, uninterrupted supply of cooking gas would help you to live a hazzle free life. The scarcity of power and good water is becoming a serious problem in most top cities and the problem is expected to escalate more in the future.

• An apartment which is part of a large development will have a well maintained garden and landscaping as part of the complex. This will provide  space for you and your family to take a stroll and relax.

• Club facilities will provide you access to gym, sports, swimming pool etc which will help you to lead an active and healthy life – a must need in the current high stress environment.

• Services such as plumber, electrician are available on call (from the society) which will help to reduce the hazel of maintaining your home.

• If you own an apartment and you get transferred, some societies help the apartment owners to rent out the apartment which will enable you to generate revenue from the asset with limited efforts.

• No war of words with neighbor for parking space which has become a daily phenomenon in the larger cities. The parking slots are well defined and allocated in case of flats.

• If you are staying in a city where you don’t have any friends or relatives nearby it’s always better to go for a flat as you can get acquainted to some of the many families in the apartment.

• Availability of convenience stores with the apartment complex help you to shop for basic essential / groceries easily.

• Apartment complexes have staff that comes to collect payments for usage of utilities such as electricity, water, internet etc which removes any hazel of setting reminders for making payment.

DISADVANTAGES OF AN APARTMENT:

• Maintenance of the common facilities would come at a cost. Typically they range from Rs 1 per sqft to Rs 2.5 (for luxury properties) per month.

• Limited or no freedom to make modifications to the exteriors your home.

•  Very limited space to develop interests such gardening or growing smaller farm animals (societies mostly object to the same).

• Sound seepage between the wall of the adjoining apartments or voice from lower or higher floor could irritate you and visa versa especially if you have a nocturnal neighbour.

• If you are a believer in “good walls make good neighbors”, then apartment may not be the best option. A life long problem if you cannot get along with your neighbours in the same floor.

• No flexibility to expand the space for future needs as your children grow or if your parents move in to live with you.

Learn More About Satellite town ring road planned in BMRDA region...............

The 364-km road will be built at a cost of Rs. 5,340 crore The 364-km road will be built at a cost of Rs. 5,340 crore8,600 acres to be acquired to develop the eight-lane ring road Roadworks to be executed in four packages

BANGALORE: To provide road connectivity to seven taluk centres in and around Bangalore, the State Government has decided to construct a 364-km satellite town ring road at a cost of Rs. 5,340 crore in the Bangalore Metropolitan Region Development Authority (BMRDA) region.Addressing presspersons here on Thursday, Minister for Public Works H.D. Revanna said 8,600 acres would be acquired to develop the eight-lane ring road in the next five years.
The roadworks would be executed in four packages. The National Highway Authority of India (NHAI) would conduct a feasibility study in 14 months.
The State would submit a proposal to the Infrastructure Fund of the Centre seeking money for land acquisition and construction. The road would be constructed on Design Build Own Operate and Transfer (DBOOT) basis, he said.
The department also decided to construct an intermediate ring road (150 km) with an investment of Rs. 2,000 crore.
The NHAI had approved the road, which would connect Nelamangala-international airport at Devanahalli-Attibele-Tavarakere-Nelamangala.
Mr. Revanna said an airport expressway from Horamavu on the outskirts of Bangalore to the international airport would be constructed at a cost of Rs. 450 crore. About 400 acres would be acquired for 26-km road, he said.
The Government had already launched a programme to improve the quality of 39 roads (883.40 km) to be executed at a cost of Rs. 683.56 crore. The work on these roads would be completed by March 2008. Construction of 39 roads would provide better connectivity to all towns in the BMRDA area.
Mr. Revanna said the Government would approach the World Bank for loan to develop roads connecting taluk headquarters in all districts under the Karnataka State Highways Improvement Project (KSHIP-II).

The KSHIP-I, which commenced in 2001 with funds provided by the World Bank, is likely to be completed in June.

What is Meant by Undivided Share of Land ! - Peninsula Infra Developments @8884449022

Purchasing a residence or a new residence requires a natural approach. From choosing the right location to the right dimension the residence and the right designer, there are a lot of factors that a customer needs to address to get the perfect residence.Many customers often decide on their buy based on designed up place offered and the additional facilities attached to the smooth. And the most essential part in any residence buy namely the actual place possession is often neglected. For every buy in residence projects, the customer has some value of place assigned in his or her name known as the complete place discuss. Let us take a look at this critical facet of complete place discuss, its importance and lawful importance.


Understanding Undivided Share of Land (UDS):  
                                                                                          When you are getting an residence, you are officially buying two things. The first is the designed part of the developing where the entrepreneurs will actually live while the second is a related discuss of the place where the residence is designed. This discuss of place utilized the smooth customer is known as complete place discuss or UDS. Many customers are unacquainted with such an critical facet of place cope while purchasing residence.

Significance of UDS:  
                                          The developing is basically a dead resource in residence, as the value of designed place depreciates. The older the construction, the lower is its market value of the residence. On the other hand the prices of place keep increasing over time and may offer significant revenue for the landowner. This admiration in the overall value of any residence is due to the increase in the place rate and not the designed place. Essentially it is the complete place discuss depending on the designed up place of the residence that decides the long run monetary value of the residence. In situation the place proprietor has no complete place discuss, he or she may not be able to sell the residence leave alone enjoy a good revenue.

Legal Effects of UDS: The lawful effects of complete place discuss makes it an important part of any residence cope. Assume the developing where you live is to be destroyed for renovation ten years down the line or comes under government purchase venture and made available for demolition, the compensation applied to the smooth proprietor depends on the amount of the complete place discuss in the residence. The sum of all the complete stocks for each residence proprietor must related to the place of the place in which the flats are designed. In situation of co-operative housing cultures, the UDS must be lawfully be in the name of the community as the smooth entrepreneurs are the discuss owners of the community.

UDS Calculation: UDS computation is determined by a simple formula by growing the complete place area with the dimension the person residence and splitting the outcome by sum of places of all flats mixed in the venture.

Illustration for UDS Calculation: For example let us suppose 5 equally sized flats of 1000 sq ft are designed on one ground of place which measures 3500 sq ft. The UDS would be measured as growing the complete place area with the dimension the person residence (3500*1000) in this situation and splitting the outcome by sum of places of all flats mixed in the venture which is 1000*5= 5000.
Hence UDS = 1000*3500/5000 = 7000 sq ft.

UDS and Ownership of Vehicle parking Space:  
                                                                                Some residence contractors and designers have been guilty in the past of selling start or stilt car automobile parking space to the person homeowners. As per the lawful laws biding for each residence cope and UDS, any buyers cannot claim partition of their UDS of place. An start auto parking therefore can only be sold as part of common place and cannot be lawfully included as part of the floor place of individuals.

Checking Credibility of UDS while Purchase Property: While paying advance for any residence, create sure the designer or the supplier stocks with you the contract duplicate. The contract duplicate between the designer and the supplier holds all essential information of the residence in question including the facts of the complete discuss of place. There is usually a dedicated section in the designer contract catering to the UDS discuss which is mostly described in either amount conditions for example 0.75% or in exact sq ft conditions. Ensure that your designer contract clearly refers to the complete discuss of place and this same figure is described in the title action also when the signing up gets over, to protect your buy and to avoid any lawful problem later on.

FDI in Real Estate-What Does It Mean for The Common Man?

Budget 2014 might not have ushered in the instantaneous "Acche Din" expected by many, but there is no denying the fact that it certainly is a very positive and thoughtful budget that is the first step in coming closer to the much coveted dream of better days.

FDI (Foreign Direct Investment) in real estate is certainly one of the most talked about budget announcements this year and rightly so, as it is going to make things easier for the middle class in the real estate arena. In very simple terms, FDI in real estate implies that the dream of living in one's own house is not very distant for the middle and lower-middle class of the society.

Let us get an insight into how this move of Modi government of bringing FDI in real estate is beneficial for the common man:

1) The government has announced the minimum built-up area requirement to be relaxed from 50,000 square meter to 20,000 square meter to allow FDI. This simply implies that the foreign funds would flow more easily, which in turn would facilitate quality and timely completion of projects.

2) The government has also raised the bar on upper limit on FDI to $10 million from $5million, which again translates to cheaper, easier and faster funds for the sector. These benefits, sooner or later, will surely be passed on to the consumers.

3) Amplification of fund flows through the relaxing FDI norms will also help strengthen the battered rupee and will also help check inflation.

4) Very importantly, FDI in real estate will improve investor sentiment in the market, which will boost sales.

5) FDI in real estate would recuperate the investment climate and will also usher in transparency in the market.

It must be noted that FDI in the real sector hit rock bottom recently as it declined to less than $1.3 billion in the period April 2013 to February 2014. It was $3.1 billion between April 2012 and March 2013. The decline in FDI in the mentioned period is hugely attributed to the unveiling of a number of scams in the UPA regime as well as to the political uncertainty in the pre-election period.

The above mentioned steps are certainly a welcome-sign; here’s hoping that FDI in real estate would work wonders for construction industry and will also help the industry bounce back in the near future.