Published On : Tue, Jun 14th, 2016

Hingna may turn into coal bed as Mahagenco seeks ban on property sale!

hignaNagpur: 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.

Threat of mining looms large

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.

Plot owners worst affected

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.

Major blow NIT’s metro dreams!
Recently, the Nagpur Improvement must (NIT) also undertook development of Sumthana and other villages under Nagpur Metropolitan Region Area Development Project. Jaideo stated in letter that for development of Mahajanwadi coal mine, Ministry of coal has fixed up milestones for achieving commercial operations of the mine and huge penalties are pro-posed for missing the deadlines. Mahangeco needs help for time-ly completion of land acquisition. He also requested to give suitable instruction for stopping the transfer of land ownership/sale and constructions activity immediately. It may be recalled that Westem Coal Fields Limited (WCL) has requested NIT and State Government to exclude coal belt bearing area from Metropolitan Region Development Plan. However, the NIT urged before then Chief Minister Prithviraj Chavan to stop WCL from enter-ing into Metro Region Plan.