Nagpur: For long Hingna has been the hotbed of real estate market with the huge chunk of commercial land exchanging hands over transaction worth crores of rupees, but not any more! If the news published in the local daily is to be believed, Mahagenco has written to the Deputy Inspector General of Registration to stop all the property transactions and construction on it with immediate effect.
The reason behind such a major move is that Mahagenco has on April 19, 2016 signed an agreement with Ministry of Coal for excavation of coal in Mahajanwadi coal block which falls under Hingna tehsil and covers areas like Wanadongri, Raipur, Hingna, Dhangarpura, Sukali,Takali, Kharlca, Sumthana, Mondha and Panjari. In order to pave way for its mining operation, the said directives have been issued. All these areas have reportedly witnessed huge property deals in the past several years. A rough estimate puts the net property deal in Hingna at around Rs 2000 crore.
If the registrar office abide the latest directives by Vikas Jaideo, Executive Director (fuel/coal), then it will affect series of housing schemes, and townships coming up in these areas. Moreover, many individual buyers have purchased the plots in Hingna, the fate of which has been lying uncertain in the wake of this development.