THE (home loans) ROAD AHEAD
No commentsBy Real Estate
SHRI RAM SHAW charts the development of Gurgaon, which has for long been the cradle of private property developers and is also known as the IT city of Haryana, and analyses it future prospects for realty development
Gurgaon, adjoining the national capital, has emerged as thelargest realty hub in Haryana in the last two decades. The city has attracted some of the biggest names among MNCs, corporate and industrial houses. However, owning property in Gurgaon is set to become more expensive with the Municipal Corporation of Gurgaon (MCG) planning to impose property tax. On the other hand, property dealers and real estate agents in Gurgaon not registering themselves with the district administration will face penal action. But the good news is that recognizing the contribution made by the senior citizen in the development of the state, the Haryana Housing Board has provided 2% reservation in the allotment of houses for senior citizens who have attained the age of 60 years.
Gurgaon, located in the National Capital Region, has for long been the cradle of private property developers and is also known as the IT city of Haryana. Rajesh Khullar, Municipal Commissioner of MCG, said the corporation expected to generate over Rs 100 crore annually in revenue by the imposition of the new tax. He added that the maximum rate of taxation had been decided as Rs 3 per square feet of the covered area or 2.5% of the annual rent for rented premises in residential areas and 5% for rented properties in commercial areas. The objective method of assessing the rent would be used to calculate tax in cases where the owners do not provide details of property and rent.
The local residents have demanded more clarity on the proposal to impose property tax from the state government. Colonel Raj Singla, president of Chamber of Udyog Vihar, said most of the dwelling areas in Gurgaon had been developed by agencies like Haryana Urban Development Authority (HUDA), Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and private developers like DLF and Unitech. He demanded that the area should be handed over to the municipal corporation before the implementation of any new tax, in the same way as the panchayats had handed over the land to the municipal corporation. The residents wanted to first ascertain the identity of the authority responsible for maintaining the area.
The meeting of various RWAs from Gurgaon and the Haryana chief minister is finally bearing some fruit. The RWAs, under the umbrella of apex resident body Joint Action Forum of Residents’ Association (Jafra), had met Haryana CM Bhupinder Singh Hooda in June on the issue of issuance of house tax assessment notices by MCG. Senior officials of the local bodies department have indicated that a specially constituted body of taxation department and others was seriously deliberating for introducing certain changes in the form of house tax calculations and other possible exemptions.
The officials also indicated that those who have already deposited house tax based on the assessment notices would be benefited with, if at all any subsidy was announced later, and their amount would be adjusted against those benefits. The MCG has earmarked about 2.75 lakh properties of all types, including the self-occupied houses, for the purpose of issuing house tax assessment notices. Till date, about one lakh notices have been issued in Gurgaon and MCG hopes to net nearly Rs 350 crore in the form of house tax.
According to a senior official of local bodies department, the Haryana Taxation Committee had been deliberating to bring in some changes in the calculation method. “During the one-hour meeting, the resident’s association had appraised the Haryana CM about the concern of lakhs of people,” said Colonel (Retd) Ratan Singh, the chairman of Jafra. And property dealers and real estate agents in Gurgaon who are not registering themselves with the district administration will face penal action. Gurgaon Deputy Commissioner Rajinder Kataria said officials have been asked to get shops and offices of property dealers and real estate agents video graphed and photographed to know who all are operating in the district. All realty dealers have to register themselves under the Haryana Regulation of Property Dealers and Consultancy Act.
“After the completion of the survey, those found indulging in property business without a valid licence would be issued notices under the act. The penal provisions might be imposed later on by the administration to enforce the act,” Kataria said. The deputy commissioner, who is also, designated as collector under the act, said, “Anyone found indulging in property consultancy business without having a valid license will be liable to pay a fine ranging from Rs 50,000 to Rs 1 lakh.”
Kataria said that after repeated warnings from the Gurgaon administration, only a few property dealers had started applying for obtaining licence under the act.
“Though the city is flooded with signboards of property dealers and builders, only a few are turning up to obtain a valid licence for property dealing.” He added that for registration, a licence fee of Rs 25,000 had to be paid by an individual while in case of an organization, company or society, a fee of Rs 50,000 would be levied. The licence would be valid for a period of five years and would have to be renewed again after that for a fee ranging from Rs 5,000 to Rs 10,000.
Recognizing the contribution made by senior citizens in the development of the state, the Haryana Housing Board has provided 2% reservation in the allotment of houses for senior citizens who have attained the age of 60 years. A spokesman of the board said that Housing Board, Haryana was the first housing board in the country to provide 33% reservation of the total houses and flats constructed by it for women applicants to improve their socio-economic status.
The State Government has framed a policy to transfer 50% plots for economically weaker sections of the society carved out by colonizers in the plotted colonies for which licenses have been issued by department of Town and Country Planning, Haryana for BPL category. He said that so far the Board had taken over the possession of 453 plots at Ratia, District Fatehabad, Faridabad, Gurgaon and Dharuhera. The process to take possession of over about 1,000 developed plots at Gurgaon, Sonipat, Panipat, Karnal and Faridabad was in progress, out of 3,400 plots offered so far in various districts. He said that the Bhupinder Singh Hooda had already announced several incentives for the weaker sections of the society.
The official said that about 43 acres of land under various Municipal Committees of Rohtak, Ambala, Cheeka, Karnal and Pehowa had been identified where about 3,500 houses of different categories, mainly for lower strata of the society would be planned. The board had already purchased 18.75 acres of land at Sector 5, Hansi and six acres of land at Sector 1, Narnaul from HUDA, where about 1,222 houses of different categories would be constructed.
The spokesman said that during this year, Housing Board, Haryana had launched housing schemes comprising 2,932 houses at industrial estates, Bawal and Barhi, Sector 4, Hisar; Sector 9, Bahadurgarh; Sector 19, Sirsa; Sector 4 & 5, Karnal and Sector 8, Jind. Construction work of 802 houses at Hisar, Karnal, Bawal and Barhi was in progress and construction of balance 2,130 houses would be started shortly as tenders for these works were under process. The construction of 3,085 houses at Rs 186.50 crore was in progress at Panchkula, Kurukshetra, Karnal, Hisar, Bhiwani, Sonipat, Gurgaon, Bawal, Barhi and Faridabad, he added.
Courtesy by : Times Property Dtd : August 21, 2010
Courtesy by : Times Property Dtd : August 21, 2010
Your Source For Home Loan Consultation
Thursday, May 5th, 2011 at 5:00 am and is filed under realestate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
