The Telegraph
Saturday , July 20 , 2013
 

Legal ban trips home dreams

The ban on construction of high-rises in the city has not only taken the wind out of the realty sails but also shattered the hopes of many residents desirous of homes.

The high court’s order on May 10 to stop construction of multi-storeyed buildings exceeding a height of 11m on roads less than 20-foot wide has left several in the lurch. While some cannot sell their properties to developers, others face the risk of losing the advance money paid for possession of an apartment. Some are unable to book flats because the developers are not allowing them to do so.

Satbir Sohil is not able to sell his ancestral land at SK Nagar for around three months now, as no builder is willing to buy it. “After the death of my grandfather, my family relocated to Hyderabad and we want to sell the plot to a builder at a profit. However, most builders are telling us to wait for sometime, as the municipal corporation is not approving any new project for the past couple of months,” said Sohil.

Narendra Kumar, director, Kumar Buildcon, said: “Eight of my projects are stuck. People are approaching us with advance money but we cannot allow bookings owing to the court order. I am also staring at losses, as I have bought several properties.”

Patna Municipal Corporation (PMC), too, is not approving any new project over the past few months.

“This is not the right time for any builder to get into a new project. It is not financially feasible for us to spend money to buy land and then keep projects pending owing to lack of approval from the civic body,” said Nanhey Kumar, a city-based builder.

The builders’ fraternity claimed they have started facing massive losses. “The real estate market in Patna was already going through a recession over the past year and the recent move of the civic body has worsened the situation.,” said Amrendra Kumar Singh, chairperson, Builders’ Association of India, Patna chapter.

“There is no official order to prohibit approval of maps for all types of construction. Registered architects can approve the maps of any building above the height of 11m,” said a senior PMC official.

Architects, however, claim that they are sanctioning new maps. “We are approving new maps except where the building is more than 11m in height. No planning reports are being issued that would affect buyers and sellers,” said Neeraj Saunik, a registered architect with the PMC.

realty report

Civic body has stopped approving reports and maps

Planning report is related to land usage information, a must for map approvals

Proposed byelaws would regulate construction, floor-area ratio, open space, height, number of floors and parking standards

Govt has also proposed to set up design review panel for clearance certificate to buildings higher than 21m