Cm Ps Ud New Lpp Feb 07 Prstn 30 Apr07

Welcome

To

Hon’ble CM

GoM

COMPARISION OF

CIDCO’s NEW PROPOSED LAND COST/RATE (2007)

FOR EDUCATIONAL/SOCIAL/HEALTH etc.

WITH

CIDCO’s EXISTING LAND RATES

SIGNIFICANCE OF CIDCO’S LAND PRICING POLICY CIDCO FORMED IN 1970 GOVT. NOTIFIED AND ACQUIRED 344 SQ. KMS. AND

HANDED OVER TO CIDCO FOR CREATION OF A SATELLITE TOWNSHIP (NAVI MUMBAI).

GOVT. DIRECTED CIDCO TO INCUR ALL THE LAND

DEVELOPMENT COST (COLOSSAL AMOUNT) INCLUDING SECTORAL, PERIPHERAL, CITY LEVEL, EXPENDITURE BY CIDCO AND TO RECOVER THE COST INCLUDING ITS ADMINISTRATION COST BY SALE OF LAND.

HENCE, LAND IS THE ONLY SOURCE OF INCOME FOR

CIDCO. SO, LAND PRICING BECOMES CRUCIAL

RESERVE PRICE:

CIDCO’s TERM OF RESERVE PRICE DENOTES AVERAGE LAND

AND LAND DEVELOPMENT COST IN TERMS OF SALEABLE AREA. CREATION OF A NEW SATELLITE CITY ON A MARSHY LAND

REQUIRES COLOSSAL AMOUNT OF EXPENDITURE. HENCE, INITIAL PERIOD ITSELF THE RESERVE PRICE /

AVERAGE LAND DEVELOPMENT COST BECOMES VERY HIGH. CREATION OF TOWNSHIP REQUIRES SEGMENTS OF SOCIAL

INFRASTRUCTURE / PUBLIC UTILITY INFRASTRUCTURE. CHARGING THE BASIC COST / RESERVE PRICE TO THE SOCIAL

INFRASTRUCTURE AT THE INITIAL PERIOD ITSELF IS NOT PRACTICABLE.

WITHOUT SOCIAL INFRASTRUCTURE, MIGRATION OF THE

POPULATION TO THE NEW TOWNSHIP IS IMPRACTICABLE.

CIDCO’S INNOVATION . TO TACKLE THE ABOVE ISSUES, CIDCO

INTRODUCED THE “CROSS-SUBSIDY” METHOD ELEMENT BY

GIVING SUBSIDIES TO PLOTS EARMARKED FOR SOCIAL, EDUCATIONAL, WELFARE, PUBLIC UTILITIES AND LOADED THE SAME TO THE HIGHER INCOME GROUP / COMMERCIAL LAND USE.

HENCE, OVERALL LAND & LAND DEVT. COST IS

RECOVERED

LAND PRICING POLICY:

CIDCO’S LAND PRICING POLICY (LPP) FOR DIFFERENT LANDUSES, BASICALLY THROUGH CROSS-SUBSIDY.

CIDCO, FROM ITS INCEPTION, GIVING HEAVY SUBSIDIES TOSOCIAL, EDUCATION, ETC;., i.e. CHARGING BELOW THERESERVE PRICES (AVERAGE DEVELOPMENT COST) toSOCIAL USES.

CIDCO ALREADY ADOPTED THESE METHODS FOR THE LAST3 DECADES.

BECAUSE OF CIDCO’S SUBSIDIZED PRICING, LARGENUMBER OF SOCIAL INSTITUTIONAL , SCHOOLS, COLLEGES,WELFARE ORGANIZATIONS, ETC. HAVE ALREADY BEEN SETUP IN NAVI MUMBAI.

NEED FOR CHANGES IN POLICY:

MOST OF NODES IN NAVI MUMBAI ARE ALMOST FULLYDEVELOPED (WITH ABUNDANT AVAILABILITY OF SOCIALINFRASTRUCTURE).

BALANCE SALEABLE AREA IN EACH NODE IS MARGINAL.

REAL ESTATE PRICES ARE ALSO SHOOTING UP AND THEOPPORTUNITY COST OF THE BALANCE SALEABLE AREA ISALSO HIGH.

CIDCO, ALMOST FULFILLED THE AREA REQUIREMENT AS PERTHE PLANNING NORMS IN DEVELOPED NODES.

HENCE, CIDCO, DURING THE YEAR 2007, HAS FORMULATEDNEW LAND PRICING POLICY FOR SOCIAL, EDUCATIONAL,RELIGIOUS, CULTURAL etc. WITH REDUCTION IN SUBSIDY.

METHOD OF DISPOSALS --- CHANGES PROPOSED.

EARLIER, SCHOOLS, COLLEGES, AND OTHER SOCIAL PLOTSWERE ALLOTTED AT FIXED PRICE / HEAVILY SUBSIDIZED PRICEAS PER THE REQUEST OF THE APPLICANT..

THE MAGO COMMITTEE / TINAIKAR COMMITTEE / AUDITDEPARTMENT, ETC. NOW INSISTS THAT THE SUBSIDIZEDPLOTS SHALL BE MARKETED WITH TRANSPARENT METHODSLIKE ADVERTISEMENT OF SCHEME / LOTTERY, ETC.

METHODOLOGY OF DISPOSAL IS EITHER AT FIXED PRICE ORFEW LAND USES BY TENDER.

HOWEVER, APPLICATIONS WILL BE RECEIVED WITH THEPRESCRIBED ELIGIBILITY NORMS. AFTER RECEIVING THEAPPLICATIONS, ELIGIBLE GROUP WILL BE SELECTED. IF MORETHAN ONE APPLICATION, THEN SELECTION BY LOTTERYSYSTEM.

FOR THE GOVERNMENT DEPARTMENT, HOWEVER, WE HAVERETAINED THE ALLOTMENT WITH FIXED PRICE AND AS PERTHEIR REQUEST.

SALIENT FEATURES OF THE NEW PRICING POLICY .

INTRODUCED NEW GROUPS, - CERTAIN SCHOOLS,COLLEGES, AND OTHER SOCIAL FACILITIES PLOTSRESERVED EXCLUSIVELY FOR PAPS WITH A MARGINALREDUCTION IN LAND COST.

FOR MEDICAL COLLEGES, ENGINEERING COLLEGES – WEHAVE KEPT THE BASE PRICES MINIMUM TO THE RESERVEPRICE AND METHODOLOGY OF SALE THROUGH TENDER

(THE COMPETITION WILL BE FROM THE ELIGIBLE GROUPSWHO FULFILLED THE ELIGIBLE CRITERIA)

FOR GOVERNMENT HOSPITALS, FROM THE EARLIER RATEOF 25% OF R.P. IN DEVELOPING NODE, WE HAVE RETAINEDAT 25% OF R.P.

HOWEVER, FOR SUPER SPECIALTY HOSPITALS, ETC. BYINVITING BIDS.

COMPARISION OF

THE OLD PRICING POLICY ANDREVISED NEW LAND PRICING POLICY

FORSOCIAL, EDUCATIONAL, RELIGIOUS, HEALTH,

PUBLIC UTILITIES

(APPROVED BY THE BOARD VIDE B.R.NO.9576 DATED 26.2.’07 ANDSUBMITTED TO GOVERNMENT FOR KIND APPROVAL)

CURRENT RESERVE PRICE (2006-07) FOR VARIOUS NODES OF NAVI MUMBAI AT DIFFERENT PERCENTAGES LEVEL

(CURRENT RESERVE PRICE (RP) Valid for 2006-07)

Current Different Percentages of RPNode Reserve 10% of 20% of 25% of 40% of 75% of

Price (RP) RP RP RP RP RP(Rs./m2) (Rs./m2) (Rs./m2) (Rs./m2) (Rs./m2) (Rs./m2)

AIROLI 3,000 300 600 750 1,200 2,250

GHANSOLI 2,500 250 500 625 1,000 1,875

KOPARKHAIRANE 3,500 350 700 875 1,400 2,625

VASHI 5,000 500 1,000 1,250 2,000 3,750

SANPADA 4,200 420 840 1,050 1,680 3,150

NERUL 4,500 450 900 1,125 1,800 3,375

C.B.D.BELAPUR 3,100 310 620 775 1,240 2,325

KHARGHAR 3,100 310 620 775 1,240 2,325

KALAMBOLI (HSG.) 2,000 200 400 500 800 1,500

KALAMBOLI(W/HSG) 2,000 200 400 500 800 1,500

NEW PANVEL 2,500 250 500 625 1,000 1,875

DRONAGIRI 2,200 220 440 550 880 1,650

ULWE 2,000 200 400 500 800 1,500

JUI-KAMOTHE 2,000 200 400 500 800 1,500

LPP - LAND PRICING POLICY RP - CURRENT RESERVE PRICE (AVERAGE LAND DEVT.COST)

Sr. LAND Old LPP (BR No. New LPP (BR No.

No. USE 8714,dt.30.4.2003 9576,dt.26.2.2007 DEVELOPED NODES DEVPNG. NODESNODE AIROLI K'KHAIRANE VASHI NERUL KHRGR PANVEL KAMOTHE GHANSOLI

DEVPD. DEVPNG DEVPD. DEVPNG KLM,ULWE

NODE NODE NODE NODE RP (Rs./m2) 3,000 3,500 5,000 4,500 3,100 2,500 2,000 2,500 A) EDUCATIONAL:

1 SCHOOL 10% 5% 40% 20% As per 300 350 500 450 310 250 100 125 (Composite) OLD LPP

As per 1,200 1,400 2,000 1,800 1,240 1,000 400 500NEW LPP

2 COLLEGE 50% 50% 75% 40% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 (Degree - OLD LPP

Arts/Sc./Com.) As per 2,250 2,625 3,750 3,375 2,325 1,875 800 1,000 NEW LPP

3 ENGG./MBA/ 50% 50% 100% 75% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 LAW (BASE PRICE OLD LPP

COLLEGES FOR TENDER) As per 3,000 3,500 5,000 4,500 3,100 2,500 1,500 1,875 NEW LPP

4 MEDICAL/ 50% 50% 150% 100% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 DENTAL (BASE PRICE OLD LPP

COLLEGES FOR TENDER) As per 4,500 5,250 7,500 6,750 4,650 3,750 2,000 2,500 NEW LPP

5 PLAY 10% 5% L & L L & L As per 300 350 500 450 310 250 100 125 GROUND For 5 Yrs.For 5 Yrs. OLD LPP

As per L & L L & L L & L L & L L & L L & L L & L L & L NEW LPP

NODEWISE LAND COST/RATE (Rs./m2)

NODEWISE COMPARISION OF CIDCO's LAND COST/RATES FOR SOCIAL/EDUCATIONAL USES AS PER OLD LPP & NEW LPP-2007

COMPARISION OF OLD & NEW RATES






6 ITI/VOCTNL. 25% 25% 50% 25% As per 750 875 1,250 1,125 775 625 500 625 JOB Oriented OLD LPP

Courses run As per 1,500 1,750 2,500 2,250 1,550 1,250 500 625 by Govt./Autonomus Body) NEW LPP

7 DEEMED 50% 50% -NA- 50% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 UNIVERSITY (upto 1 Ha.) (Upto OLD LPP

10 Ha. As per - - - - - - 1,000 1,250 100% 100% in RPZ) NEW LPP

(1 to 2 Ha.) (BASE PRICE

150% 150% FOR TENDER)

(2 Ha. & Above))

8 GOVT. -NA- -NA- 100% 50% As per - - - - - - - - INSTITUTE OLD LPP

As per 3,000 3,500 5,000 4,500 3,100 2,500 1,000 1,250 NEW LPP

9 STUDENT's 50% 50% 100% 50% As per 1500 1750 2500 2250 1550 1250 1000 1250 HOSTEL OLD LPP

(GOVT.) As per 3,000 3,500 5,000 4,500 3,100 2,500 1000 1250NEW LPP








NODE NODE NODE NODE RP (Rs./m2) 3,000 3,500 5,000 4,500 3,100 2,500 2,000 2,500 B) SOCIAL/RELIGIOUS :

1 RELIGIOUS 50% 50% 100% 50% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 WORSHIP (Upto 500 m2) (Upto 500 m2) OLD LPP

/SPIRITUAL/ As per 3,000 3,500 5,000 4,500 3,100 2,500 1,000 1,250 CULTURAL/ NEW LPP

SOCIAL

ORGN.

C) HEALTH :1 GOVT./ 25% 25% 50% 25% As per 750 875 1,250 1,125 775 625 500 625

MUNICIPAL (In NMMC Area) OLD LPP

HOSPITAL/ As per 1,500 1,750 2,500 2,250 1,550 1,250 500 625 GENERAL 100% 100% NEW LPP

PUBLIC HOSP (1 to 2 Ha.) BLOOD / 150% 150%BANK RHC (2 Ha. & Above))

2 OTHER 10% 10% 50% 10% As per 300 350 500 450 310 250 200 250 HOSPITAL OLD LPP

As per 1,500 1,750 2,500 2,250 1,550 1,250 200 250 NEW LPP

3 PRIVATE 25% 10% 300% 267% As per 750 875 1250 1125 775 625 200 250SUPER SPEC. (BASE PRICE OLD LPP

HOSPITAL FOR TENDER) As per 9,000 10,500 15,000 13,500 9,300 7,500 5340 6675NEW LPP








NODE NODE NODE NODE RP (Rs./m2) 3,000 3,500 5,000 4,500 3,100 2,500 2,000 2,500 D) PUBLIC UTILITIES :

1 MUSIUM -NA- -NA- P & P P & P As per - - - - - - - -AQUARIUM Partnership OLD LPP

(P & P - Public As per - - - - - - - - Pvt. Partnertship) NEW LPP

2 PUBLIC 10% 10% 50% 25% As per 300 350 500 450 310 250 200 250 LIABRARY OLD LPP

As per 1,500 1,750 2,500 2,250 1,550 1,250 500 625 NEW LPP

3 BUS 50% 50% 25% 25% As per 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 DEPOT OLD LPP

(NMMC) As per 750 875 1,250 1,125 775 625 500 625 NEW LPP

4 BUS 50% 50% 50% 50% As per 1500 1750 2500 2250 1550 1250 1000 1250DEPOT OLD LPP

(BEST,ST) As per 1,500 1,750 2,500 2,250 1,550 1,250 1000 1250NEW LPP








NODE NODE NODE NODE RP (Rs./m2) 3,000 3,500 5,000 4,500 3,100 2,500 2,000 2,500 D) PUBLIC UTILITIES :5 STADIUM/ 10% 10% 50% 10% As per 300 350 500 450 310 250 200 250

SPORT OLD LPP

COMPLEX As per 1,500 1,750 2,500 2,250 1,550 1,250 200 250(PVT.) NEW LPP

10% Const. 50% 50% 50% 50% OLD LPP 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250 (BASE PRICE FOR TENDER) NEW LPP 1,500 1,750 2,500 2,250 1,550 1,250 1,000 1,250

6 POLICE Free Free Free Free As per - - - - - - - -CHOWKY/ of of of of OLD LPP

POLICE ChargeCharge Charge Charge As per - - - - - - - -STATION NEW LPP

7 PLOT 100% 100% 150% 100% As per 3,000 3,500 5,000 4,500 3,100 2,500 2,000 2,500 FOR OLD LPP

POLITICAL As per 4,500 5,250 7,500 6,750 4,650 3,750 2,000 2,500 PARTY NEW LPP




FOR PAP's EXCLUSIVELY (NEW POLICY)






FOR PAP's1 SCHOOL -NA- -NA- 30% 15% As per - - - - - - - -

(Composite) OLD LPP

PAP's As per 900 1,050 1,500 1,350 930 750 300 375NEW LPP

2 COLLEGE -NA- -NA- 50% 30% As per - - - - - - - -

(Degree - OLD LPP

Arts/Sc./Com.) As per 1,500 1,750 2,500 2,250 1,550 1,250 600 750 PAP's NEW LPP

3 RELIGIOUS -NA- -NA- 75% 40% As per - - - - - - - - WORSHIP (Upto 500 m2) OLD LPP

CULTURAL/ As per 2,250 2,625 3,750 3,375 2,325 1,875 800 1,000 PAP's NEW LPP

4 SOCL./CULT. -NA- -NA- 25% 15% As per - - - - - - - -ACTIVITY (Upto 500 m2) OLD LPP

FOR WOMEN As per 750 875 1,250 1,125 775 625 300 375 MAHILA MANDAL/ NEW LPP

GYMNYASIUM/

STUDY CENTER

RUN BY PAP's




THANK THANK YOUYOU

Cm Ps Ud New Lpp Feb 07 Prstn 30 Apr07

Economy & Finance

Transcript of Cm Ps Ud New Lpp Feb 07 Prstn 30 Apr07