Nagpur Improvement Trust requests approvals for 500 plots
Real Estate

Nagpur Improvement Trust requests approvals for 500 plots

The Nagpur Improvement Trust (NIT) administration has proposed to sanction building plans, issue regularisation letters (RL), and give other approvals to those who have paid charges to the Nagpur Municipal Corporation (NMC) in a major relief for over 500 plot owners.

However, in its ongoing battle with NMC, NIT refuses to give up the Rs 125 crore that the civic body has recovered from these plot owners.

In a meeting on October 4th, the NIT board of trustees will make a final decision in this regard.

On 27th August 2019, the state government took away NIT's powers and made the NMC the city's sole planning authority. In the areas transferred from the NIT, the NMC had approved building plans, issued RLs, and given other approvals.

The government restored NIT's powers on April 9th of this year. The NMC had taken charges in over 500 cases while the process of sanctioning building plans, issuing RLs, and other approvals were still in progress.

All of the cases had to be transferred to NIT by the NMC. Although people had paid NMC fees, NIT is now requesting fees from plot owners.

The NIT administration has now proposed that charges paid to the NMC be verified by requesting copies of receipts and other documents. If the norms are followed, the NIT will approve the building plan, issue the RL, and grant other approvals such as plot amalgamation, division, mutations, and so on.

Simultaneously, the NIT administration has said that it will suffer a financial loss of Rs 125 crore.

The NIT's refusal to give up the Rs 125 crore in revenue will prolong the conflict between the two agencies.

Guardian minister Nitin Raut and president of the City Congress Committee Vikas Thakre, who is also a trustee in the NIT, want the NIT to recover Rs 125 crore from the NMC. The two leaders were crucial in restoring NIT's authority.

Image Source


Also read: Kerala government yet to take over 8,000 acres of surplus land

The Nagpur Improvement Trust (NIT) administration has proposed to sanction building plans, issue regularisation letters (RL), and give other approvals to those who have paid charges to the Nagpur Municipal Corporation (NMC) in a major relief for over 500 plot owners. However, in its ongoing battle with NMC, NIT refuses to give up the Rs 125 crore that the civic body has recovered from these plot owners. In a meeting on October 4th, the NIT board of trustees will make a final decision in this regard. On 27th August 2019, the state government took away NIT's powers and made the NMC the city's sole planning authority. In the areas transferred from the NIT, the NMC had approved building plans, issued RLs, and given other approvals. The government restored NIT's powers on April 9th of this year. The NMC had taken charges in over 500 cases while the process of sanctioning building plans, issuing RLs, and other approvals were still in progress. All of the cases had to be transferred to NIT by the NMC. Although people had paid NMC fees, NIT is now requesting fees from plot owners. The NIT administration has now proposed that charges paid to the NMC be verified by requesting copies of receipts and other documents. If the norms are followed, the NIT will approve the building plan, issue the RL, and grant other approvals such as plot amalgamation, division, mutations, and so on. Simultaneously, the NIT administration has said that it will suffer a financial loss of Rs 125 crore. The NIT's refusal to give up the Rs 125 crore in revenue will prolong the conflict between the two agencies. Guardian minister Nitin Raut and president of the City Congress Committee Vikas Thakre, who is also a trustee in the NIT, want the NIT to recover Rs 125 crore from the NMC. The two leaders were crucial in restoring NIT's authority. Image SourceAlso read: Kerala government yet to take over 8,000 acres of surplus land

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

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