Tata Realty launches mega project in Nagpur

Nagpur: Tata Realty and Infrastructure Ltd today launched a mega housing project in the city.

Tata Group, who started their first venture here in 1877 in form of a textile company, Empress Mills, are coming back to the orange city after a gap of 125 years.

The project, `Capitol Heights', will have 352 flats, shopping mall, multiplex, besides other facilities and amenities, Tata Realty, 100 per cent subsidiary of Tata Sons, said. "There will be apartments, ranging from 2.5 to 4.5 BHK sizes, on sprawling 9.90 acres of land in Rambagh in southern part of city," Tata Realty Head (Sales and Marketing) Cyrus Engineer told a press conference.

The project will be fully operational by 2014. Tata Reality will manage the property for a period of 10 yeas after completion or occupancy, Engineer said.

Actual pictures of layout "shlok"wanadongri hingna road

Layout Near Kalmegh Dental College. Just 1km from YCCE College of Engineering. Divided into around 140 plots. Plot sizes are 1625 sq ft to 4000 sq ft. Ready to registry with all legal sanctions like NA, TP. Development consist of Tar Road, Electricity, Sewage line, Proper Demarcation of the plots, Layout Fencing. The property is

Nagpur Improvement Trust plans a 'small town' near Jamtha

NAGPUR: Taking first step towards developing the metro region, Nagpur Improvement Trust (NIT) has prepared a plan for what could be a small town near Jamtha. The scheme will come up on 1,000 hectares on outer ring road and contain all basic amenities.

Chairman of NIT Pravin Darade told TOI that the scheme was first of its kind in entire state. "Plans like these have been implemented in Ahmedabad. The scheme will cover five villages-Kirmiti, Khadka, Sumthana, Panjara, and Shivmadka situated near Jamtha. Consent of around 500 land owners and villages has been taken. The plan is ready and will be sent for approval to the state government within three months.

Nagpur Improvement Trust

NAGPUR: Many developers, who had bought land off Wardha Road between 2005 and 2009 are now hoping to revive their fortunes through Nagpur Improvement Trust (NIT), which is developing the metro region. After witnessing an unprecedented boom mainly due to Mihan, realty business took a nosedive due to global slowdown and has not picked up since then.

Other factors too contributed to the stagnation. The state government has not increased the gaothan limits in spite of several assurances as a result of which several layouts stand illegal. An assistant director of town planning (ADTP) had indiscriminately issued TP clearances and was suspended. Many developers had misled the buyers by claiming that NIT would provide the infrastructure in the layouts even though it was nowhere in the picture.

All these factors had scared buyers away leaving developers with huge tracts of land.