Page 17 - BANKING FINANCE FEBRUARY 2016 ONLINE

HOUSING
Building height clearance
now a click away in
Bhubaneswar
Clearance for construction of build-
ings, chimneys, power transmission
towers and
high mast
lights from and Hyderabad's status
the airport as joint capital, the end-
authorities users demand as well as
can be ob-
tained online from now on. The real
estate developers, factory owners,
civic bodies and energy department
will be benefitted from this develop-
ment.
Height clearance is an important
component of aircraft safety as
buildings, which have more than per-
missible height, can pose danger to
aircraft.
The Airports Authority of India (AAI)
has devised a software called No Ob-
jection Certificate Application System
(NOCAS) 2.0 inaugurated by Union
civil aviation minister S. Gajapathi
Raju. It will enable the applicants to
seek permission for height clearance
online, check status and get ap-
proval.
Before the invention of the software,
the applicants had to manually apply
for the clearance. The airport au-
thorities then used to evaluate the
height, mentioned by the applicants,
is permissible or not.
The NOCAS Version 2.0 has been de-
veloped by AAI and the system has
user-friendly automated features.
Colour Coded Zoning Maps (CCZM) of
12 cities, including Bhubaneswar, and
four metros are there in the system.
The system will automatically calcu-
late the permissible height with the
help of CCZM.
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Hyderabad realty sale mounts to 67%
Housing sales in Hyderabad rose 67 per sonable price rise. "As the city moved
cent to 7,000 units during the period past the global financial crisis and later,
between October 2014 and September the formation of Telangana, develop-
2015 on improved demand from both ers are no longer holding back launches
end-users and investors after forma- and buyers are also returning to the
tion of Telangana, says a report by market," a report said.
property consultant JLL India.
JLL said there has been a significant
"After creation of new Telangana state increase in the number of units
launched. In the last three
quarters alone, launches
investors sentiment has have picked up strongly, in-
improved, resulting in an creasing by more than 1.5
increase in sales," JLL India national di- times since last year.
rector-research Ashutosh Limaye said
when asked about the rise in sales de- The capital values have also witnessed
spite overall slowdown in the real es- a significant rise in Hyderabad of about
tate market. Going forward, he said, 5-10 per cent year-on-year, after many
sales would remain robust with a rea- years of seeing sub-5 per cent rate of
appreciation.
RBI: housing prices hiked in July-September
RBI declared that housing prices rose Delhi, Chennai, Kolkata, Bengaluru,
in many cities across the country dur- Lucknow, Ahmedabad, Jaipur, Kanpur
ing the quarter ended September and Kochi, Delhi witnessed the maxi-
2015. mum rise with nearly 21.9 per cent
The all-India housing price in- increase in prices during the
dex increased to 219.5 in the quarter over the last year.
second quarter of 2015-16
from 215.3 in the first quar- However, the housing price
ter of mainly due to increase index decreased in Kolkata,
in the house price index (HPI) Kochi and Bengaluru during
of Delhi, Ahmedabad and the second quarter of this
Chennai, the RBI said in a statement. fiscal from the previous quarter. "Year-
on-Year growth for HPI-All India further
While prices increased by 13.7 per cent declined to 13.7 per cent in Q2 of
during the quarter compared with 2015-16 (14.5 per cent in Q1 of 2015-
year-ago period, the annual growth 16 and 17.5 per cent in Q4 of 2014-15)
rate has slowed down, according to the mainly due to decline of year-on-year
RBI report. growth of HPI of Kolkata, Jaipur and
Lucknow," the RBI said.
Among the 10 major cities - Mumbai,
RCom sells 150 flats to repay debt
Reliance Communications (RCom) has sold nearly 150 residential flats at its Sea
Woods complex in Navi Mumbai, marking the monetisation of its surplus real
estate, for about Rs. 330 crore. The company, controlled by billionaire Anil
Ambani, will use the proceeds to repay debt. RCom has already received more
than 50 per cent of the sale proceeds, and the balance amount will be realised
during the current financial year. The remaining will come only after the comple-
tion of documentation.
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