STOCK MARKET BSE NSE

House-building Cooperatives Will Have to Build and Deliver Sooner

Published: 29th December 2015 03:14 AM  |   Last Updated: 29th December 2015 03:14 AM   |  A+A-

BENGALURU:  Are you among those who, despite having made the necessary payment, are waiting to get a site in a layout developed by house building cooperative societies?

Don’t worry, as this is going to be a thing of the past soon as the state government is all set to amend the Karnataka Cooperative Societies Act to make house building societies develop layouts in a time-bound manner, failing which they should pay interest to the applicants until they allot the sites.

As per a draft Bill prepared by the Cooperative Department, house building societies should complete the development of layout and allot sites to the applicants within two years from the date of getting approval for them.

“This is being done following complaints of inordinate delay in development of sites by the societies,” Cooperative Minister H S Mahadeva Prasad told reporters here on Monday.

The draft Bill, which will be tabled in the next session, also empowers these societies to purchase land directly from owners and develop residential layouts. Now, either the government agencies like urban development authorities or individuals acquire land for the purpose and then hand it over to the societies after getting the land use changed.

The Bill also seeks to set up a single- window agency through which the societies could get all inter-departmental clearances “At present, the societies have to take permission from various agencies like Karnataka State Pollution Control Board, Town Planning Authorities, Forest and PWD if their proposed site fell under their jurisdiction. The societies use this as an excuse to delay the layout development. Now with the amendment, they cannot say so,” the Minister added.

The minister said the Bill was prepared after studying the laws governing house building societies in Tamil Nadu and other states.

NO GIFTING OF COWS

Mahadeva Prasad, who is also the Chamarajnagar district in-charge minister, said that the Malemahadeshwar temple authorities had been asked not to accept cows as gifts by devotees for the time -being. The decision was taken following reports of these cows being sold for slaughtering, he added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp