Vinoth Priya is Real Estate Regulatory Authority secretary

Vinoth Priya is Real Estate Regulatory Authority secretary

Bengaluru: The state government on Thursday appointed IAS officer Vinoth Priya as secretary to the Real Estate Regulatory Authority, Bengaluru, with immediate effect.

The government recently notified the final Real Estate Regulatory Authority rules, giving effect to the RERA Act in the state. Vinoth Priya is also placed in concurrent charge of the post of special deputy commissioner – 1, Bengaluru Urban district.  RERA ACT 

Besides, IAS officer V Ponnuraj is posted as the managing director of Bengaluru Metropolitan Transport Corporation, while senior IAS officer Sandeep Dave has been posted as additional chief secretary to Infrastructure Development Department.

Officers transferred

In all, the government has transferred 10 IAS officers. Names of the officers and their new postings are as follows: Anjum Parwez, secretary to Urban Development Department (Municipal Administration),effect on Real Estate he is also placed in concurrent charge of the post of managing director, Krishna Bhagya Jala Nigama; Naveen Raj Singh, managing director, Mysuru Minerals Ltd, Bengaluru, he is also placed in concurrent charge of the post of managing director, Karnataka Mining Environment Restoration Corporation, Bengaluru; Pankaj Kumar Pande, secretary to Food, Civil Supplies and Consumer Affairs department; N Jayaram, chief executive officer, and executive member of Karnataka Industrial Areas Development Board; V Chitra, commissioner, Food, Civil Supplies and Consumer Affairs department; Vasireddi Vijaya Jyothsna, deputy commissioner, Chitradurga district.

The government has also transferred KAS officer P N Ravindra and posted him as chief executive officerof Chitradurga zilla panchayat.

DH News Service

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GST effect: India’s warehousing footprint to double in three years

The single-tax regime comes with the freedom to pick any part of the country for all your storage needs

An overhaul entrenched deep beneath the usual look and feel of imagination is taking shape in India’s warehousing sector.While cramped, ill-equipped storage units will make way for sprawling, high-tech and air conditioned facilities, the metamorphosis driven by the much-awaited roll out of the Goods and Services Tax (GST) Act is set to augur a new order in the industry dynamics.For starters, the country for the first time is available as one seamless market. Until now it existed like 36 mini markets. The tax norms for every truckload of goods shuttling across the diverse landscape changed at State boundaries. But the convoluted culture ends with the introduction of GST, touted as India’s biggest tax reform since independence. The sin gle-tax regime comes with the freedom to pick any part of the country for your storage needs.

IMMEDIATE FRUITS

Halving of stockpile cost will be one of the immediate upshots of the move. Instead of having two warehouses in Mumbai and Ahmedabad, you could have one high-tech facility in between, say in Vapi, which could service both the markets.

The capacity of 25-odd warehouses  commercial space for rent in Bangalore across the national network could be efficiently managed by 5-8 hitech facilities at strategic locations Warehouse in Bangalore . The gears are changing across the supply value chain. Better stock management, cutting-edge automation and improved manpower management are simultaneously taking shape. While cheap labour continues to compete with automation some logistics majors have begun talks with robotics firms. The rub-off effect subsequently reflecting in delivery timelines would complete the service cycle.

HUGE GROWTH POTENTIAL

India’s warehousing landscape is set to double over the next three years. Currently, India has approximately 100-110 mn sqft of leasable space in the organised warehousing sector in the top eight cities. Now, large tracts of unrecognized storage units scattered across the country would gradually become part of this changing topography. Commonly referred as godowns, the fringe players mushroomed in the shadow of the erstwhile tax regime.

But such facilities are threatened to lose relevance with GST coming into effect from July 1, 2017. The tax reform has already drummed up sentiments indicating massive investments for new-age warehouses. Stiff competition from organised players is likely to elbow them out of the race. And, the overall churning and the ease of doing business would bring consolidation in the sector.

INVESTMENTS GALORE

A wave of private equity investments is waiting to flood the warehousing sector. The revamped image in the single-tax regime coupled with the massive potential for new-age facilities would attract an array of private equity funds.

Recently, the Indian supply chain arm of a global logistic giant committed an investment of more than 160 million USD to double its warehousing capacity. Many such million dollar deals on drawing boards are set to introduce large-format modern warehousing in India.These high-tech units are likely to come up at strategically placed locations closer to consumption centres.

LEVEL PLAYING FIELD

The reform-driven eco-system would lay the genesis of a level playing field in the warehousing sector. Until now tax evasions were rampant, particularly in the unorganised sector which gave a competitive edge to fringe players. With one nationwide tax coming into effect this skewed ratio would even out. The scope of healthy competition would see the foray of genuine performers in the business. From a holis tic point of view blue ticks appear on most items against checklists of investors looking at the warehousing sector.

But every perfect narra tive demands a stunning climax. The success of the warehousing sector pins on the seamless implementation of the GST. Some teething problems are ex pected but this strategic shift in policy is the beginning of a new dawn.

(The author is National Director, Knight Frank India)

 

 

 

 

 

 

 

 

 

 

Courtesy by TIMES PROPERTY

 

Retirement communities are not real estate projects, they are service-oriented experiences

The world’s best and India’s most-awarded retirement community, Anandam, has revolutionised the concept of retirement living.

Anandam is nestled away from the hustle and bustle of city life, in serene and lush surroundings amidst nature.The self-contained retirement community offers seniors luxury and leisure in their golden years, with no compromises on safety and security.

“Retirement homes should not be in high-rise buildings as they tend to further social disconnection. Our communities offer only well-designed, senior-friendly villas,“

The fully-operational retirement community in the foothills of Kodaikanal and fast-progressing site at Chikkaballapur near Bengaluru have beautifully-landscaped gardens, parks and jogging tracks in addition to superior entertainment and sports facilities at the clubhouse for seniors.

Quality services and quality maintenance are provided by trained professionals with utmost care. The best medical services are provided at Anandam by Apollo Tele Health Services.

“We are completely transparent with our clients. They are free to visit and stay in our community in the foothills of Kodaikanal, interact with residents, experience the fivestar facilities, before making a decision of buying a retirement villa,“

1, 2 and 3-BHK villas are available at Bengaluru from Rs 36 lakhs onwards and at the foothills of Kodaikanal at Rs 37 lakhs onwards.

 

 

 

 

 

 

 

 

 

Courtesy by TIMES PROPERTY

SHIVANANDA CIRCLE – Residents to protest steel flyover project

After the citizen uproar over the proposed steel flyover along Ballari Road, opposition is brewing against a similar project at Shivananda Circle near Seshadripuram.BBMP has begun soil testing for the bridge, which will be a grade separator to facilitate smooth traffic flow.Shivananda Circle residents and commercial establishment associations will hold a silent protest at Shivananda Circle against the proposed steel flyover on July 23. Residents are upset because the structure extending to a length of 356 metres will see 26 trees being axed.

Residents wonder why the government has chosen to go ahead with the project after many years. Mahesh Prabhu, member of the association said, “Why does the government think only a steel flyover can help remove bottlenecks?
Apartments for rent in Bangalore The junction sees peak-hour traffic for one hour in the morning and one-and-a-half hours in the evening. The roads are not wide; it’s the uneven width on all four sides which should be fixed. Lastly Real Estate in Bangalore  , the rail bridge has to be reconstructed and widened, without which the steel flyover will be pointless.“ The residents also argue that the structure will lead to vibration and add more vehicles on the stretch.

Courtesy by THE TIMES OF INDIA

Draft zoning rules violate court orders: Civic groups

Eminent citizens and civic activists are upset over the urban development department’s recently published draft common zoning regulations, claiming that if turned into a law, they could end up making a shantytown out of Bengaluru.

They said the draft, citing the Centre’s guidelines on the `ease of doing business’, attempts to look at developing cities through a wrong prism and allows mixed zones -where commercial establishments can exist cheek by jowl with residences -which is in violation of court orders. The draft has classified the city into eight zones but allows conversion of land use.

Koramangala 3rd Block Residents Welfare Association and Citizen Action Forum were among the first civic groups that went to court against commercialization in residential areas in 2008, and the verdict in 2013 went in their favour. The court barred BDA from changing land use and prohibited BBMP from issuing trade licences to commercial setups in residential areas where the road width is 40 feet or less.

Nitin Seshadri, who spearheaded the anti-commercialization movement, said, “The draft germinates from real estate lobbies and has nothing in favour of residents. It is contempt of court and we are ready to fight a legal battle.“

Vijayan Menon, another member of the RWA, said the state government is seeking to negate the entire process of formulating the masterplan, after spending crores of ru pees on it. “Has the government forgotten that the new regulations violate two court orders, one passed in 2013 and another in April 2017 (for Indiranagar 2nd Stage)? Has the department forgotten that BDA or BMRDA aren’t the only city planners, it is the metropolitan planning committee under the 74th amendment. Are they deliberately violating the law,“ he asked.

The draft comes in the midst of a war being waged by residents of Indiranagar, Koramangala and Whitefield against commercialization of residential areas. BBMP itself has issued closure notices to commercial establishments in these areas. Praveen S, from Indiranagar 2nd Stage league, said the draft regulations will only make Bengaluru a shantytown and not a smart city .

The department had asked citizens for objections and suggestions. But the citizenry , led by Citizen Action Forum, Koramangala 3rd Block, Defense Colony Residents Association, Indiranagar 2nd stage League, Whitefield Rising and Citizens for Bengaluru, is considering knocking on the court’s doors.

Courtesy by TIMES OF INDIA

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