Wednesday, February 05, 2020

50% dip in property registrations near proposed airport site

Pune: The property registration in the vicinity of the seven villages earmarked for acquiring land for the proposed Purandar international airport nosedived by a little over 50% last year compared to 2018 with investors and developers opting for a cautious “wait and watch policy”.
A total of 87 documents were registered in the seven villages — Pargaon, Ekhatpur, Munjwadi, Kumbharvalan, Udachiwadi, Vanpuri and Khanavadi — in 2018 and the stamp duty collection was Rs48.65 lakh. In 2019, the number of registrations plunged to just 38 and the stamp duty collection was Rs23.34 lakh.

Confirming the trend, sub-registrar of Saswad Rahul Khatpe said, “There has been a 56% dip in registration in 2019 as against 2018 in these seven villages.”

Huge projects announced three years ago after Purandar was selected as the site for the new airport have hardly found any takers. The residents interested in the projects then are now waiting for the final take from the new government. A developer said the investors interested in projects about two years ago had recently told him to alert them only after there was some movement on the new airport project front.

While the earlier BJP-led state government was pushing forth the project, there was tremendous opposition from the villagers. The new government, according to deputy chief minister Ajit Pawar, would take it forward through a “dialogue” with the villagers. He also talked about the connectivity to the facility by extending the Metro lines and the ring road. But the final gazette has not been issued by the government for the past three years.
05/02/20 Nisha Nambiar/Times of India
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