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country planning minister asked the assembly Aug 29 last year that the Apartment and Property Regulation Act would be repealed and a new comprehensive legislation would be introduced.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

Misc News/Press Release

Will deliver Rs. 1351 crore Bilaspur AIIMS in 2 years: CM Jairam

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Bilaspur AIIMS Construction Progress

 Bilaspur-Chief Minister Jai Ram Thakur and Union Health Minister Jagat Prakash Nadda performed the ground-breaking ceremony (Bhoomi Pujan) of AIIMS at Kothipura in Bilaspur district today.

Jai Ram Thakur said that this Rs. 1351 crore AIIMS would be completed within a period of two years and would have a bed capacity of 750 beds, out of which 300 beds would be for super speciality. There would be 100 MBBS seats and 60 nursing seats in the institute.

He blamed the previous State Government of causing an unnecessary delay in transferring the land for this institution.

Union Health Minister Jagat Prakash Nadda said that the institute would have Affordable Medicine and Reliable Implants for Treatment (AMRIT) outlets and Jan Aushadhi Kendra where medicine would be provided at highly discounted rates to the poor and needy.

He informed that the project would be executed by NBCC Ltd. and would have 15 operation theatres and 20 speciality and super speciality departments.  In addition, it would also have an AYUSH Department with 30 beds for providing treatment facilities in the traditional system of medicine.

Further, the Chief Minister announced shifting of PWD Division Number-II from Bilaspur to Kothipura, besides shifting Division Number -II of Shri Naina Devi Ji.

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Nauni Varsity Admissions Open for Diploma in Fruit, Vegetable Processing & Bakery products

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Nauni varsity admissions for diploma

Solan-The Dr YS Parmar University of Horticulture and Forestry, Nauni has invited applications for its one-year Diploma in Fruit and Vegetable Processing and Bakery products. The diploma will be run by the Department of Food Science and Technology of the university.

This year, the university has also reduced the fee charged for the diploma to Rs 5000. Earlier, the fee for this diploma was Rs 20,000. The decision was taken to ensure that more and more people can apply for the programme.

In addition, the programme has also been linked to the Skill Development Allowance scheme of the Government of Himachal Pradesh. Any person enrolled in the programme can also apply for this allowance.

The minimum educational qualification for this diploma programme is Class 10+2 with at least 40 per cent with no age cap for admission. The last date of application is 17 January 2019 and the counselling will be held on 19 January.

A total of 35 seats are available in the programme. Prospectus and application form can be downloaded from the university website(www.yspuniversity.ac.in).

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234 Ambulance Roads in Shimla City Declared ‘No Parking Zones’, Parking woes to Intensify

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List of ambulance roads in Shimla City declared no parking zones

Shimla- The parking woes have intensified in Shimla City as the District Magistrate of Shimla, Amit Kashyap, issued an official notification on December 19, 2018, in which 234 ambulance roads in Shimla city were declared as “No Parking Zones.

As per the notification, based on the report received from the Superintendent of Police, Shimla, it was found that the residents, as well as outsiders, had turned link roads into unauthorized parking spaces, which results into huge traffic jam and inconvenience to the smooth passage of ambulances carrying patients along with the general the public.

Therefore, the District Magistrate declared all the following 234 ambulance roads as “No Parking Zones”:


He said the decision was taken keeping in view the necessity of smooth flow of traffic and passage to ambulances on ambulance roads in Shimla City.

As per the notification, the matter was highlighted as the local residents of the Middle Cemetery, upper Gahan, Bhatttakufar, Dhingu Bawari, Frud, Lower Gahan, and Nerridhar had requested to declare the ambulance roads leading from Dhigu Bawari to Lower Gahan and From PWD Workshop Bhattakuffer to Jai Moti Bhawan (Cemetary) as “No Parking Zone” as some of the people park their vehicles on these roads resulting in traffic jams and obstruct ambulances.

While the government has a policy to allow buying vehicles only if an applicant could provide evidence of having a parking space, there are a large number of cars which were either bought before the formation of this policy or are registered in other districts of the State.

A section of vehicle owners have expressed unrest against this decision and argued that it was not fair, as the government did not provide sufficient authorized parking spaces in localities.

Having a personal parking space doesn’t matter as soon as an individual drives to other parts of the city. Sufficient parking spaces based on the required capacity of a particular Ward or locality are needed to fix this problem, and it is apparently the government’s job

said a resident of Khalini, Shimla.

On the other hand, the majority of the general public has supported the decision expecting that it would make these roads more convenient and smoother for traffic.

However, the district police is likely to face a lot of resistance from local residents while ensuring compliance with the orders passed.

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