Bangalore property|2bhk apartments for sale in bangalore|flats|lands for sale in Bangalore
With the
Union government progressing to redevelop existing properties prime locations
within the 2 metros Mumbai
and Delhi,the real estate firms corporations
here square measure set to expertise another boom.
In
partnership with non-public belongings corporations, the centre proposes to
beat shortage in workplace and residential areas in these metros. It plans to
demolish the present single or two-storey buildings. In industrial and
residential areas to create multistory structures and optimize the employment
of prime realty in its possession. Realty corporations can gain from
residential flats or house within the redeveloped properties.
They’ll conjointly gain, from annuities, rental payments being thought-about by
the govt. in part of enterprise construction, finance and risks attached these
comes.
The move can
address to a good extent the matter of steep property costs within the urban
centers. The problems of unaffordable housing costs will be effectively addressed
by public-private partnership. With this, the govt. would be ready to add one
large integer are workplace house and sixty 61,000 homes or flats in
city. Another 43,000 flats would be created out there for the city police.
Similarly, twenty five large integer area unit workplace house and thirty 4,000 homes would be developed in national capital to beat shortage of
residential house for the govt.officers, ever increasing list of former
ministers, members of parliament and retired government personnel. Another
20,000 homes needed for the city Police would be made on the present realty
control by the govt. agencies.The communicating department conjointly wants
residential house.
The planning
panel and ministries of urban development, railways, defense and finance square
measure being consulted on this initiative.The ministries of defense and
railways might not be a part of the move to redevelop government properties.
though the 3 services army, air force and navy square measure in would like of
residential and workplace areas, the ministry can execute its own plans, Excess
land in cantonments would be utilized for this purpose.
Once the
policy to redevelop the govt. properties is finalized, a biding method are
going to be place in situ to pick the partners for the comes.A model
concession agreement would set the traditional and industrial terms beneath
that the 64000 estate majors can participate in these comes.The govt. can
extend the re-development of its property in Bangalore, Madras,Hyderabad,
Kolkata, Ahmadabad and Pune.
More,
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