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.
NIT has so far cleared about 200 layouts, most of which are
off Wardha Road. Some of them are off Nagpur-Kamptee road and some in
Wanadongri areas. There are not many layouts on Bhandara, Amravati, Umrer and
Katol roads.
Superintending engineer PM Kide said NIT cleared the layout
unless it came under a reservation as per the regional plan of 2000. "We
also check whether the plan allows the land use for the activity the developer
plans to undertake. The developer then has to obtain non-agricultural (NA)
certificate from district collectorate before signing a development
agreement," said Kide.
"The final release letter is provided only after the
layout has all the civic amenities. We give two options to the developers.
Either they should provide basic amenities on their own or deposit money with
NIT to do the job. Most of them have chosen the first option. NIT officials do
on-the-sport inspection in this case," he said.
Kide said proper development of the metro region would take
place only after its development plan was cleared by state government and the
agency started working on it.
Meet to finalize rules for mega township:
NIT will hold a two-day meeting to finalize the rules for
developing a mega township near Jamtha. The township will house a population of
two lakhs after it is fully completed. Once the rules are finalized it will
start signing agreements with land owners for acquisition.
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