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VUDA cancels agreement on commercial complex

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The Hindu       18.03.2016   

VUDA cancels agreement on commercial complex

Vaibhav Sky Scapes entered into lease on February 16, 2008. The construction was to be completed in 18 months

VUDA has cancelled all agreements for development of a commercial complex in 6,540 square yards of vacant land and 550 sq yards of underground area for cellar parking.

Orders cancelling the agreement were issued by Vice-Chairman T. Baburao Naidu on Thursday, it was reliably learnt.

PPP mode

Vaibhav Sky Scapes entered into lease agreement with VUDA under PPP mode for the commercial complex on the land adjacent to VUDA building on February 16, 2008.

The lease agreement is for 33 years on lease rent at Rs.70.9 lakh at 5 per cent increase per annum with annual development premium at Rs.1.06 crore per year at 5 pesr cent increase per annum and refundable project development fee at Rs.2 lakh per year.

As per the agreement, the construction of the project was to be completed in 18 months.

Environmental clearance

VUDA issued orders of approval for the building plan and one of the conditions is obtaining approval from the State-level Environment Impact Assessment Authority. The environmental clearance valid for five years was obtained in September 2011 and revised supplement agreement for lease agreement and development and management agreement was entered into.

With the environmental agreement set to expire on September 14, 2016, completion of the project by then was highly improbable, the VUDA Vice-Chairman is learnt to have observed in his order.

After a meeting with Additional Vice-Chairman of VUDA in February, Vaibhav Sky Scapes informed VUDA that it had identified a new investor, financial due diligence was completed and a detailed plan of action would be submitted to VUDA, it was learnt.

With eight years elapsing and the environmental clearance set to lapse in September, 2016, VUDA can’t venture to wait any further, Mr. Baburao Naidu said also citing lease rent outstanding and the expiry of the bank guarantee and issued orders cancelling all agreements entered into with the firm.

Vaibhav Sky Scapes entered into lease agreement with VUDA under PPP mode for the commercial complex on the land adjacent to VUDA building on February 16, 2008

 

Civic body to fine owners of stray pigs

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The Hindu       19.02.2015  

Civic body to fine owners of stray pigs

Stray pigs will be completely banned in the areas falling under the Municipal Corporation of Gurgaon from February 22. Thereafter, stray pigs would be caught and expenses incurred in the process would be recovered from the pig owners.  

While stating this on Wednesday, an official spokesman said that apart from this, criminal cases against the pig owners would be registered under Section 309 of Haryana Municipal Corporation Act 1994 under which there is a provision of imprisonment of up to six months.

He said that people have to face a lot of inconvenience due to presence of large number of stray pigs in the Municipal Corporation area. The stray pigs also hamper smooth flow of traffic leading to road accidents. He said that the pig owners have been directed to make adequate arrangements to ensure that no pig was found roaming in the areas of Municipal Corporation after February 22, 2015.

 

North Corporation able to pay only 40 per cent staff this month

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The Hindu      19.02.2015 

North Corporation able to pay only 40 per cent staff this month

The North Delhi Municipal Corporation’s financial health is going from bad to worse, as the civic body has managed to pay only 40 per cent of its employees this month. Next month, the Corporation may not be able to do even that, leaving its 70,000 employees in the lurch.

The Standing Committee of the civic body was informed of the dire financial situation by Chief Accountant-cum-Financial Advisor Pankaj Singh on Wednesday.

“We are experiencing a financial crunch, which we cannot get out of without help from the government,” said Mr. Singh.

He said the Corporation spent Rs. 170 crore on salaries alone every month, taking the annual expenditure on wages to Rs.2,040 crore. In comparison, the civic body’s annual income from taxes is about Rs. 1,400 crore.

There was nothing new in this, said Mr. Singh, referring to the internal deficit that has been there since the Corporation was created in 2012.

“We depend on grants-in-aid from the Delhi Government to make up for the shortfall. But, the external help we get has been reduced.”

Mr. Singh said the corporation’s share in Delhi’s taxes was supposed to be Rs. 302 crore, but this amount had been adjusted against loan repayments to the government.

For running its primary schools, the Corporation was supposed to get Rs.620 crore, but this had been reduced to Rs. 486 crore.

“We also spend Rs.360 crore on running five big hospitals, for which we don’t charge anything from the patients,” said Mr. Singh, adding that the South and East civic bodies did not have the same liability.  

Office-bearers in the BJP-led civic body, however, said they had been trying to get the deficit under check.

“There appears to be lethargy on the officers’ part as we still have not been able to use our own resources optimally,” said Leader of the House Mira Aggarwal, referring to municipal properties lying vacant.

Standing Committee chairperson Mohan Bhardwaj added that the Corporation was in the process of auctioning some of its properties to raise funds.

But, for now the civic body may have to take harsh decisions to get back on track.

“In the short term, we can’t increase property tax or toll tax. We will have to review contract staff and not engage any more when employees retire,” said Mr. Singh.

In the short term, we can’t increase property tax or toll tax. We will have to review contract staff and not engage any more when employees retire

 


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