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Property prices in Himachal crumbled to their lowest

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Uncertainty over the changes in HP Apartment and Property Regulation Act of 2005 has led to lowering of property prices in Himachal upto 30 % in the past year, real estate experts say.

Shimla- Amidst confusion over whether a law relating to apartment ownership will be replaced, property prices in Himachal Pradesh have plumetted upto 30 percent in the past year, real estate experts say.

“The prevailing prices are 25 to 30 percent less than last year’s,” said a Shimla-based realtor.

A two BHK flat in Shimla, Kasauli and Solan towns is now selling for approximately Rs.25 lakh. A three BHK is for Rs.35 lakh to Rs.45 lakh and a cottage costs anywhere between Rs.60 lakh and Rs.80 lakh, he said.

The Himachal Pradesh Apartment and Property Regulation Act of 2005 enables builders and developers to build and sell flats and cottages in the state.

While Revenue Minister Kaul Singh says a moratorium on the registration of new flats was imposed by the previous BJP government to monitor realtors, former town and country planning minister Mohinder Singh claims the ban could not be implemented following judicial intervention.

Kaul Singh told IANS that the former town and country planning minister asked the assembly Aug 29 last year that the Apartment and Property Regulation Act would be repealed and a new comprehensive legislation would be introduced.

Mohinder Singh had even told the assembly that fresh registration of flats would not take place till the new act comes into existence.

“Soon after the declaration, the minister gave permission to five or six realtors to build flats,” Kaul Singh said.

Individuals who had planned to buy or invest in the domestic housing in the state are a confused lot.

“Some builders had moved the Himachal Pradesh High Court against freezing flat registrations. The court allowed the registration process till the new act came into force,” Mohinder Singh told IANS.

But those in the realty sector say the market took a downturn since the minister’s announcement last year.

“Flat sales have crumbled to their lowest point in more than a decade with prices falling up to 25 percent. People are not even investing in luxury cottages at prime destinations,” said a builder setting up cottages on the outskirts of Solan town.

There is a slump even in Shimla, Kasauli, Dharamsala and Palampur towns, once the preferred destinations for investors.

“Some proposed projects have been put on hold while some investors are desperate to sell and recover their money,” said a builder on the condition of anonymity.

“A bill may be introduced in this assembly session or in the next (monsoon) to do away with the existing act and by incorporating it with the Town and Country Planning Act. Regulating construction by realtors may rest on the Himachal Pradesh Urban Development Authority (HIMUDA),” said an official.

The previous government’s decision to repeal the act had been taken on the basis of the recommendation of the select committee of the assembly as well as a judicial commission headed by Justice D.P. Sood, a former judge of the Himachal Pradesh High Court, probing illegal land transactions.

In the report tabled in the assembly in April last year, Justice Sood observed that the builders were catering to the needs of the rich from Punjab, Haryana, Delhi and non-resident Indians.

The state has over 60 builders and developers selling flats and cottages.

They include DLF, Janta Land Promoter Ltd, Omax Construction Pvt Ltd, Optima Construction Pvt Ltd, Amar Nath Aggarwal Builders Pvt Ltd and Surya Builders, officials said.-IANS

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108 ambulance skid-off road near IGMC Shimla, lands on 2 cars parked in ‘No Parking’ zone

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108 ambulance accident near IGMC Shimla

Shimla: Two men were injured as a 108 ambulance skid-off the Sanjauli-Lakkar Bazaar road near the Indira Gandhi Medical College today morning. The vehicle fell down on two cars parked on the roadside in a ‘No Parking’ zone.

108 ambulance accident near IGMC Shimla 4

The ambulance was carrying no patient at the time of the accident, and the injured included only the driver and an assistant.  Both sustained minor injuries.

The accident occurred at about 6:30 AM as the ambulance skid-off the road while the driver was reversing it. No casualties were reported and the driver and assistant escaped with minor injuries,

the Lakkar Bazaar Police Post incharge told Himachal Watcher.

108 ambulance accident near IGMC Shimla 2

The ambulance crushed one of the cars badly and damaged the other one. Fortunately, no person was present inside these cars and on the road when the accident took place.  Otherwise, the result could have proved to be fatal. 

It is one reason why not to park vehicles in No Parking zones of Shimla. 

 

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Rs 2572 crore for Himachal’s irrigation and drinking water schemes

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HP irrigation and drinking water schemes

Shimla: The State Government today said that it has earmarked an amount of Rs 2572 crore for providing irrigation and drinking water facilities in Himachal Pradesh during the current financial year.

The endeavour, the Government said, was to bring more area under irrigation facility so that farmers could go for crop diversification instead of traditional crops.

The Chief Minister, while addressing a public meeting at Kelodhar in Seraj assembly constituency of Mandi district, provided the information.It is Chief Minister’s first visit to Kelodhar after elections.

Further, it was announced that the Kandha-Bah-Batand road would be strengthened.

Earlier, the Chief Minister performed ‘bhumi pujan’ of Kandha-Bah-Batand road (Phase-II) to be constructed at a cost of Rs. 358.53 lakh.

He laid the foundation stones of IPH Office building and residence at Kelodhar to be constructed at a cost of Rs. 74.36 lakh and of Science Block building of Government Senior Secondary School Kelodhar on which about Rs 1.50 crore would be spent.

The Government announced Rs 15 lakh for Kelodhar Panchayat for various developmental works, Rs 10 lakh each for GP Bara, GP Saroha and GP Parwara. He also announced Rs 3 lakh for Mahila Mandal Kelodhar.

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British-era Bantony Castle Shimla to become Rs. 25 crore cultural centre     

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Bantony Castle Shimla Picture

CM said the building is also an example of beautiful anglo-gothic architecture. However, this fact appears to be incorrect as the Castle is built in the mock-Tudor style

Shimla: As a ray of hope for the Bantony Castle, Shimla, the Himachal Pradesh Government has announced Rs. 25 crores for the renovation of the British-era structure in order to develop as a tourist attraction.

This was stated by Chief Minister Jai Ram Thakur while inaugurating the five-day long State level Gram Shilp Mela which was organized by the State Language Art and Culture Department here on May 17, 2018.

Bantony Castle is one of the historic and monumental buildings of Shimla town and has a very rich history. spread over around 20,000 square meter area between Circular Road and Mall Road.

The Chief Minister said the building is also an example of beautiful anglo-gothic architecture. However, this fact appears to be incorrect as the Castle is built in the mock-Tudor style, part chalet and crowned with sloping roofs with mini-towers.

Nevertheless, he further said that since this building was strategically located on the Mall Road thus could be an added attraction for the tourists.

 This complex as a whole would be developed in such a way that it not only becomes a tourist attraction but also a centre of rich cultural diversity of the State.  

The previous Congress Government had, in 2017, announced that it will be turned into a Heritage museum with a restaurant and recreational park.

Artisans from different parts of the State received an opportunity to exhibit their artefacts at the Gram Shipi Mela. The government said it would also organize District level Gram Shilp Melas besides Inter-state Gram Shilp Melas to promote the artefacts of the State.

It was further informed that the State Government has announced a new scheme named ‘Aaj Purani Rahon Se’ for exploring folklores, historic events and cultural tourism in the State. The government has also decided to introduce miniaturized cultural souvenirs of Himachal Pradesh such as musical instruments, Chamba Rumal, Kangra paintings etc.

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