Realty News Roundup: Govt Committee Formed To Review PPP Projects; Record Property Tax Collection In Pune Suburb

The Delhi Development Authority (DDA) has said that implementation of their Land Pooling Policy hinges on Delhi government's decision to declare 95 villages in the city as development areas and 89 of them as urban villages. DDA has requested the Delhi government to issue notifications to facilitate the process. The land pooling policy of the DDA is designed to make landowners partners in development.

Here are the other real estate related news stories of May 27, 2015:

Cities aspiring to be under Smart Cities project must act on illegal constructions: The Union Urban Development Minister M Venkaiah Naidu said that cities like Pune which wants to be part of the central government's 'Smart Cities' programme must act against unauthorized constructions and encroachments. The minister said that citizens should be willing to pay for civic services. Naidu said that cities will be chosen for the Smart Cities project based on their efficiency in solid waste management, sanitation and provision of drinking water and transport facilities.

Committee formed to review infrastructure development under PPP: The government has formed a 10-member panel under former finance secretary Vijay Kelkar to review and revitalize infrastructural development in the public-private partnership (PPP) mode. The committee proposes measure to improve capacity building in the government to effectively implement PPP projects, reviews the experiences under the PPP policy, and analyze the risks involved in such projects in India.

Pimpri-Chinchwad Municipal Corporation earns record property tax in a single day: The property tax department of Pimpri-Chinchwad Municipal Corporation (PCMC) in Pune Metropolitan Region, Maharashtra, earned Rs. 3.39 crore on May 26, 2015, its highest daily income in 2015-16. His achievement came after PCMC allowed citizens to pay property tax at the 15 divisional offices of the department between 10 am and 4 pm. Citizens queued up at most ward offices, prompting the department to increase the number of counters for tax payment. Individuals who own property in Pune should pay their annual property tax in advance till May 31 to benefit from various concessions.