Delhi - Mumbai Industrial Corridor (DMIC) is India's most ambitious Infrastructure program aiming to develop new industrial cities as "Smart Cities" and converging next generation technologies across infrastructure sectors. The objective is to expand India's manufacturing and services base and develop DMIC as a "Global Manufacturing and Trading Hub". The program will provide a major impetus to planned urbanization in India with manufacturing as the key driver. In addition to new Industrial Cities, the program envisages development of infrastructure linkages like power plants, assured water supply, high capacity transportation and logistics facilities as well as softer interventions like skill development program for employment of the local populace. In the first phase seven new industrial cities are being developed. The program has been conceptualized in partnership and collaboration with Government of Japan. Plan, Purpose and Scope: The Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) plans to develop 24 different nodes as Investment regions and Industrial Areas along within the delineated region of DMIC. One of the investment regions identified is in the Nashik-Sinnar-Igatpuri zone of Nashik District in State of Maharashtra. New and innovative, world-class Greenfield townships—new cities—will be developed in this investment region. One of the Nashik Sinnar Igatpuri Investment Region's identified early bird projects is a mega industrial park (MIP) in the Aurangabad District. In this case, the Shendra Bidkin area has been identified as the site of an MIP estimated between 50 and 100 sq. km in size. Source: DMIC
As the fruits of development reach an increasingly large number of people, the pace of migration from the rural areas to the cities is increasing. A neo-middle class is emerging which has the aspiration of better living standards. Unless, new cities are developed to accommodate the burgeoning number of people, the existing cities would soon become unlivable. Finance Minister Arun Jaitley in Union Budget 2014-15 unveiled three key policies - Digital India, Skill India and Smart Cities. The Prime Minister has a vision of developing one hundred Smart Cities, as satellite towns of larger cities and by modernizing the existing mid-sized cities. To provide the necessary focus to this critical activity, government allocated a sum of Rs.7,060 crore for 100 smart cities. Aurnagabad is one of the city included in the list of 100 smart cities. This project commits at least 30% of the total project cost for low cost affordable housing. The equity will be used for projects in Aurangabad. Due to the increasing migration from rural to urban cities, there is a need for the creation of new smarter cities which will serve the housing needs of thousands of families and also boost the employment options. It is exciting project to have cities equipped with smart policing, smart metering, smart sanitation, adaptive traffic, solid waste management, healthcare, etc under a single governance platform. The smart city concept, on the whole, is relatively a new concept in the Indian context with projects such as GIFT and Naya Raipur as the most notable initiatives which are in their initial phases of implementation. Source: indiatoday, economictimes
Town planning is essential to ensure well-planned development and to provide the basic amenities like road, water, drainage, street lights, etc and facilities like schools, playgrounds, healthcare centres, etc. The development plan covering the entire urban area is devised to develop towns. To execute the development plan, it is important to acquire land for developing roads, and other public facilities like parks & gardens, healthcare centres, schools, town hall, etc. An Act to make provision for planning the development and use of land in Regions established for that purpose and for the constitution of Regional Planning Boards therefor; to make better provisions for the preparation of Development plans with a view to ensuring that town planning schemes are made in a proper manner and their execution is made effective; to provide for the creation of new towns by means of Development Authorities; to make provisions for the compulsory acquisition of land required for the public purposes in respect of the plans; and for purposes connected with the matters aforesaid. Whereas, it is expedient to make provision for planning the development and use of land in Regions established for that purpose and for the constitution of Regional Planning Boards therefor; to make better provision for the preparation of Development plans with a view to ensuring that town planning schemes are made in a proper manner and their execution is made effective; to provide for the creation of new towns by means of Development Authorities; to make provision for the compulsory acquisition of land required for public purposes in respect of the plans; and for purposes connected with the matters aforesaid. Source: Maharashtra Regional and Town Planning Act, 1966
City and Industrial Development Corporation of Maharashtra Ltd., is a company wholly owned by the Govt. Of Maharashtra. The multidimensional activities undertaken today by CIDCO can be classified under three broad categories
What is sale deed?
A sale deed is one of the most valuable legal documents in a purchase or sale of a property. It is governed by the Registration Act and is an important document for both the buyer or the transferee and the seller or the transferor. The purchase or sale of property is not legally complete until a sale deed is signed between the buyer and the seller. Usually a sale deed is signed only after both the parties are satisfied and comply with the terms and conditions as said in the agreement.
How is it prepared?
To begin with the buyer and the seller agree to prepare a draft sale deed on non-judicial stamp paper. This value of the sale deed will be as prescribed by the Stamp Act of the Maharashtra State. Once the following details in the sale deed is agreed between the two parties the sale deed is ready to be signed. The sale deed would also require to be signed by at least two witnesses with all their details included.
What does it contain?
A sale deed has almost all the details required to carry out the purchase or sale of a property. Beginning with the basic details like the full names of the buyer and the seller, and their addresses, the other details in the draft sale deed would include the details of the property under sale such as its identification number, its exact location, the address, total area of the property, and the detail of the construction if it is a house. Most importantly the sale deed would require the seller to certify that the property under sale is free from any encumbrance and without any lien. If there is an existing loan taken against the property the seller should settle the loan and then only execute the sale deed. However, it is always better for the buyer to check this with the local registrar's office. Besides these the draft sale deed would also include the total amount to be paid for the purchase/sale of the property, advance amount paid if any, the dates on which the payment are made, how it is paid, the time given for the payments, the details of the bank transactions of the payments, etc. The sale deed would also mention about the receipt issued by the seller to the buyer for the money received towards the sale transaction. It would also clearly mention the exact date on which the seller would hand over to the buyer the original property related documents and the date of subsequent possession of the property under sale. The draft sale deed would also mention the indemnity provisions for the buyer and the seller.
How does it work?
The sale deed is registered at the jurisdictional sub-registrar's office. Apart from the buyer and seller of the property under sale the witnesses should also be present at the time of registration. Sometimes if the buyer or seller is not in a position to be physically present his nominated agent empowered with a Power of Attorney is legally allowed to execute the sale deed. The original documents related to the sale of the property should be produced within four months from the date the sale deed is to be executed. If this is not possible the registrar might allow a grace period of another four months to produce the original documents however this delay might attract a maximum penalty of 10 times the registration charges related to the property. Usually, the buyer would pay the stamp duty and the registration charges. And the seller on his part should ensure that all payments related to the property such as property tax, water and electricity charges, and others was paid before the sale deed is executed. Source: business.rediff