1. Home
  2. Real Estate
  3. Mysuru development body to transfer 900 residential layouts
Mysuru development body to transfer 900 residential layouts
Real Estate

Mysuru development body to transfer 900 residential layouts

05 Nov 2024 2 Min Read CW Team
Mysuru Urban Development Authority (Muda) has initiated the transfer of 900 residential layouts on the city's outskirts to urban local bodies (ULB), bringing relief to 38,224 site owners. Muda administrator and deputy commissioner G Lakshikantha Reddy is overseeing this transition, which will enable site owners to obtain their pending khatas for years. During a recent meeting, G Lakshmikanth Reddy announced the transfer of these layouts, including 194 parks developed across 3,830 acres and eight guntas of land. The areas fall under newly formed local bodies, including Hootagally CMC, Bogadi Town Municipal Council, Kadakola, Srirampur, Rammanahalli town panchayats, and 19 gram panchayat limits. The initial phase involves transferring 200 fully developed residential layouts with complete infrastructure to Hootagally City Municipal Council on Nov 8. Chief minister Siddaramaiah and district minister HC Mahadevappa are expected to attend this meeting. Muda has planned the systematic transfer of remaining layouts to local authorities. The first phase will benefit 15,085 site owners who can receive khatas from their local bodies after the transfer process Despite local bodies having authority to collect property taxes and maintain amenities, Muda previously restricted their ability to issue khatas. In July, Muda stopped issuing khatas for sites under local authorities, causing difficulties for developers, buyers, and residents in obtaining loans and transferring properties. Residents faced challenges in securing loans against their properties for education, medical expenses, and other needs due to the absence of khata transfer documents. Muda administrator Lakshmikanth Reddy told TOI that the transfer process would be transparent and systematic. He instructed local bodies to conduct joint surveys and prepare development work lists before the Nov 8 meeting, ensuring proper documentation for govt grants.

Mysuru Urban Development Authority (Muda) has initiated the transfer of 900 residential layouts on the city's outskirts to urban local bodies (ULB), bringing relief to 38,224 site owners. Muda administrator and deputy commissioner G Lakshikantha Reddy is overseeing this transition, which will enable site owners to obtain their pending khatas for years. During a recent meeting, G Lakshmikanth Reddy announced the transfer of these layouts, including 194 parks developed across 3,830 acres and eight guntas of land. The areas fall under newly formed local bodies, including Hootagally CMC, Bogadi Town Municipal Council, Kadakola, Srirampur, Rammanahalli town panchayats, and 19 gram panchayat limits. The initial phase involves transferring 200 fully developed residential layouts with complete infrastructure to Hootagally City Municipal Council on Nov 8. Chief minister Siddaramaiah and district minister HC Mahadevappa are expected to attend this meeting. Muda has planned the systematic transfer of remaining layouts to local authorities. The first phase will benefit 15,085 site owners who can receive khatas from their local bodies after the transfer process Despite local bodies having authority to collect property taxes and maintain amenities, Muda previously restricted their ability to issue khatas. In July, Muda stopped issuing khatas for sites under local authorities, causing difficulties for developers, buyers, and residents in obtaining loans and transferring properties. Residents faced challenges in securing loans against their properties for education, medical expenses, and other needs due to the absence of khata transfer documents. Muda administrator Lakshmikanth Reddy told TOI that the transfer process would be transparent and systematic. He instructed local bodies to conduct joint surveys and prepare development work lists before the Nov 8 meeting, ensuring proper documentation for govt grants.

Next Story
Infrastructure Urban
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Read More
Next Story
Infrastructure Energy
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Read More
Next Story
Infrastructure Urban
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain
ECONOMY & POLICY
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes
POWER & RENEWABLE ENERGY
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

Dilip Buildcon wins bid for BharatNet Phase III broadband project
ECONOMY & POLICY
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

KPIL secures new orders worth Rs 22.73 billion
Real Estate
15 Nov 2024

KPIL secures new orders worth Rs 22.73 billion

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn
Steel
15 Nov 2024

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion
RAILWAYS & METRO RAIL
15 Nov 2024

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders
ECONOMY & POLICY
15 Nov 2024

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed
ROADS & HIGHWAYS
15 Nov 2024

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000