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Plot owners wary of high rates of PRN lease deeds, Real Estate News, ET RealEstate

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Jaipur: Plot owners wary of high rates of PRN lease deedsJAIPUR: Residents of Prithvi Raj Nagar (PRN) Scheme are showing helplessness in procuring lease deeds after the rates were increased recently.

The Jaipur Development Authority (JDA) received 20 applications for regularisation on the second day of organising camps and issued demand of Rs 63 lakh.

However, the applicants fear that they won’t be able to arrange the funds at the time of Covid-19 which has badly affected their earnings.

Giraj Singh, a resident and president of Sangasrh committee, said, “At the increased rate, the regularisation fee for a 200 square metre plot has reached approximately Rs 3.5 lakh. The JDA should allow plot owners to deposit regularisation charges in installments as their livelihood was seriously affected during the lockdown,”

Agreeing to the fact, an official source at JDA said, “The owners, who have big plots on which commercial establishments, including marriage gardens are set up, will take lease deeds. Middle segment people are facing a bit of problem at present. However, like other colonies, they also have to pay for development,” he said.

The civic body has set a target to issue lease deeds to all the PRN plot holders till November 2020. Residents who will fail to procure lease deeds on time will have to pay double development and regularisation rates to regularise their plots.

For a 100 square-yard plot, JDA will charge Rs 300 regularisation charge (per square yard), which will include allotment rates. Similarly, for plot size between 101 and 300 square-yards, JDA will charge Rs 480.

The agency will charge regularisation rates of Rs 720 (per square yard) for plots bigger than 301 square yards and up to 1,000 square yards. Owners having a plot of more than 1,000 square yards will have to give 1.5 times regularisation charges. For regularising a marriage garden in the scheme, which has been developed on a plot size above 2,000 square yards, the JDA has fixed Rs 1,500 (per square yard) regularisation charge.





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