Showing posts with label Realestate in Berhampur. Show all posts
Showing posts with label Realestate in Berhampur. Show all posts

Thursday, 7 July 2011

Land mafia eyeing tanks in the Silk city

Land mafia is allegedly eyeing to fill up some tanks within city limits to use them as real estate. Administration has decided to take strict measures to prevent land mafia from filling up the tanks and water bodies in the city. According to the old revenue records Berhampur had 64 large tanks inside it. During British era the scions of Mahuri royal family had inter-connected the tanks for irrigation and drinking water facility in this area. But with time a large number of tanks have vanished from the map of the city. The canals that connected these tanks have also been filled up and concrete structures stand on them.
In the past Berhampur municipality played a major role in filling up of canals that inter-connected the tanks in this perennially water scarce city, in the name of urbanization. Without water being recharged by the canals, the condition of most tanks has deteriorated.
Land mafia is eyeing the remaining tanks in the city, said Berhampur Tehsildar Satrughna Kar. These unscrupulous elements are targeting the tanks that are in private possession, according to the records of the revenue department. The legal owners of these tanks are not in a position to maintain them. The land mafia is trying to buy these tanks in the heart of the city at low prices. Then they try to deteriorate the condition of the tank and ultimately fill it up so that it could be used as a patch of highly priced real estate to take up building activity, Mr. Kar added. But according to revenue officials the Supreme Court has directed that no water body can be destroyed even by its owner.
Recently a tank in the city was sold by its private owner to some persons who wanted to fill it up and use it for residential purpose. But this move was opposed by some locals. The matter is pending in the High Court.
Source: The Hindu

Thursday, 30 June 2011

Real-estate boom in Silk city Berhampur

Berhampur city is witnessing a massive real estate boom like never before. While mega residential projects are being announced almost on a regular basis, even real-estate investors from various others cities like Bhubaneswar, Vizag, Surat and Mumbai are flocking in large numbers to make the most of this huge demand for residential apartments in Berhampur city. 
Estimates say that more than hundred mega residential apartments are under construction in and around the city.
One real estate watcher observed that investment of this magnitude is unprecedented in this southern city, and for that matter in a state like Orissa, and can only be compared with the State capital, which witnessed a similar trend in the recent past.
The massive real estate boom in Berhampur can be attributed to the huge migration of people from the interior pockets of Ganjam, South Orissa, Coastal Orissa and neighboring districts of Andhra Pradesh in search of better livelihood opportunities and for its education, trade and transport base.
Infact, one real estate agency of Berhampur city pointed that the skyrocketing housing prices in the state capital which has become almost unaffordable for the middle class has led to this housing boom in Berhampur as the going property prices here are considerably lesser than BhubaneswarThe city is also well connected with other parts of the country and much cheaper cost of living than the state capital.
The construction boom in the city is likely to change the landscape of Greater Berhampur Region in the years to come with many projects lined up in the city outskirts and especially in areas like Ambapua, Khodasingi, Gosaninuagaon, Narendrapur, Mandiapalli, Rangeilunda, Haldiapadar, Konisi, Gopalpur and Chatrapur.
Non-resident Oriyas have become the biggest investors and drivers of this real estate boom, said a veteran of the city who has seen it growing over the past decades.