This presentation talks about how we can purchase land in NAINA a exhibit of CIDCO in Mumbai at very cheap rates.
These flats are available at extremely cheap rates as comapared to current property rates.
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What is NAINA? Everything You Need to Know About the Proposed Planning Area Near Navi Mumbai Airport
1.
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3. What is Naina?
• Navi Mumbai Airport Influenced notified Area
• A proposed planning area in Raigad district of
Maharashtra
• Aims to develop townships around the Navi
Mumbai airport to allow for a balanced
development of the region
• Area admeasuring 461 sq.km. comprising 224
villages of Raigad District and 14 Villages of
Thane District
• CIDCO appointed as the Special Planning
Authority (SPA)
4. What is the difference in role of CIDCO in NAINA
compared to Navi Mumbai?
• As all the lands in Navi Mumbai project are required for public purposes, all these
lands are required to be acquired by Government, hence it is under 100%
acquisition.
• In case of NAINA except land under DP reservation & IDP-I, the ownership remains
with land owners.
• In Navi Mumbai CIDCO has to provide infrastructure upto plot level. In NAINA,
CIDCO is appointed as Special Planning Authority to provide city level and
peripheral infrastructure.The infrastructure within the layout shall be developed by
the land owners.
5. How can landowners benefit from NAINA
project?
• The project provides landowners grand opportunity to unlock their land
potential by
participating in the development model that increases the prevailing low FSI and
offers a mechanism for handing over lands under physical and social infrastructure
voluntarily without losing their development potential.
6. What is NAINA Scheme?
• It is a voluntary scheme and minimum land area or land aggregation required
for participating in ‘NAINA Scheme’ is 10 Ha.
• The details are:
a) 40% land shall be given to the project. Balance 60% land to be retained with owner for
development.
b) 60% land with owner shall have maximum permissible FSI of 1.7.Thereby the development
potential of 40% land given to the project is transferred on to the 60% land with the owner.
c) Uses permissible on owner’s land are Residential, Comm., R+C, Hotels, Offices etc.
d) Additional, 20% BUA over & above BUA generated on 60% land shall necessarily be
constructed for EWS/LIG housing and this additional FSI is being permitted free of cost over
and above the BUA.The constructed tenements of EWS/LIG will be handed over to CIDCO at
pre-determined rates. CIDCO shall allot these tenements to identified target groups through
lottery. Further options are given for the development of EWS component.The land towards
EWS component can be handed over to the authority at ready reckoner rate.The landowners
given option to develop the EWS component in some other land pockets also.
7. e) Internal roads & layout open spaces to be provided as per norms without
losing FSI.
f) Layout Amenities within the land owners 60% component shall have
internal scheme roads & Open Spaces to be necessarily developed (in a fixed
time-frame) and maintained by the owner.
g) In case, the owner also surrenders developed Layout Amenity to the
Authority ‘FSI equivalent to amenity land area plus construction value based
FSI of developed amenity’ shall be given
8. What are the benefits of participating in
NAINA Scheme?
• By participating in NAINA scheme, the potential of land will be completely
utilized.
• The FSI of entire land is made available on balance 60 % land.
• The participants are exempted from payment of FSI linked premium.
• There will be no restriction on height of the buildings.
• The land under reservation can be considered in NAINA scheme though it is
non-contiguous.
9. Proposal
• CIDCO is acquiring lands from farmers for the NAINA project and will
allocate a plot against the land.
• Our group purchases that land from the farmers and enjoys the ownership
of the plot allocated by CIDCO
• Furthermore, a residential tower would be developed on the given plot,
absorbing the benefits of the infrastructural projects led by CIDCO in the
same area
10. Features and benefits
• Each member of the group will be the owner of the land from the very first
day
• As the plot would fall inside the CIDCO area, so there is no need to rely on
any private builders for infrastructural development of the area
• The benefit of investing NOW is that the project is at a very early stage,
which would reap guaranteed multi-fold benefits in the future
11. • For example, if we want to buy a 1000 sq. ft. plot in a developed area, it
would cost around Rs. 90 L – 1 crore which means paying Rs.15-20 L as down
payment and EMI for the rest of your life
• But what if you invest the same price now to buy a land in this project and
own a 1500 sq.ft. plot without paying anything later?
12. Example
• We are purchasing a farm land in a group.You wish to invest in 1 Guntha land i.e.
1089 sq. ft.
• Rate of 1 Guntha land = 10 Lac (approx)
• Carpet Area you will get in society = 1089 sq. ft.
• Built up area (50% loading) = 1633 sq. ft.
• Cost of construction (after 4-5 years)= 21.78 Lacs (2000 sq. ft.)
• Total = 10 lac + 21.78 lac = 31.73 lac ( i.e. Rs. 1946 sq ft. ultimate rate of your flat)
13.
14.
15. Plot 592
• Land size acquired from farmers = 35.5
• Plot size which will be given by CIDCO (40%) = 14.2
• If u invest in 2 Guntha (2000sq. Ft. approx) = 20 L (approx)
• Plot you will receive ( 40% of 2000sq.ft.) = 800 sq. ft.
• FSI = 2.5
• Carpet area (800*2.5) = 2000 sq. ft.
• Built up area = 3000 sq. ft. ( 1500 *2)
• So basically you get 1500 sq. ft. flat at just 20L investment in a well planned city