What other cities can learn from Nagpur’s water mission
Nagpur is India’s first city to have outsourced water supply to a private operator under the PPP model and ensure that its residents get 24-hour safe drinking water
Aspecial t rain carried around five lakh litres of water for parched Latur in Maharashtra’s Marathwada region in April this year. The first batch of 10 wagons, each with a capacity of around 50,000 litres, travelled a distance of around 350 kilometres to reach their destination where water was stored in a well located near the Latur railway station.
Fo r 1 4 ye a r s n ow, a r i d Rajasthan has been using the railways to get water to its districts. This year since January, t he s t at e ’ s Public Health Engineering Department ( PHED) has been running a 50-wagon train from Ajmer to Bhilwara daily, carrying 25 lakh litres.
While these steps are necessary, such measures might not have been required in the first place had these cities managed their water systems well. And with the smart cities list being announced, it’s time these cities took a smart look at their water management systems.
The first city to take the lead is Nagpur, Maharashtra. Now included in the smart cities list, it has a population of over 2.5 million people and is the first city of its size in the country to outsource water supply to a private operator under the PPP I booked a flat in September 2011 and took physical possession in March 2016. The flat got registered in May 2016. How much tax rebate will I get for the EMI I have paid since September 2011? Please help.
— Satushta Singh As per provisions of Section 24(b) of Income tax Act, the interest paid on EMI from the commencement of the loan till the financial year prior to the financial year during which construction of property is completed or possession is acquired will qualify as interest during pre-construction period. The same can be claimed as deduction in five equal annual installments starting from the financial year during which construction is complete. In this case, it is March 31, 2016, or till possession is taken and the next four financial years.
Accordingly, in your case assuming the loan was also taken during 2011 interest from 2011-12 till 2014-15 (the financial year prior to the year possession is taken i.e. 2015-16) will be considered as interest paid during preconstruction period. model for 25 years. Under the scheme the main objective was to provide 24- hour 100% safe drinking water to 100% population including slum dwellers within five years. The second objective was to reduce non-revenue water (50% water supplied to towns which is untraceable, not recorded and not paid for) to below 25% in 10 years. The project included management of the entire water cycle from production, treatment, transport, storage and delivery to the customer’s tap. It involved replacement of over three lakh house service connections, service reservoirs and pipelines.
“Now every household has a tap and a meter irrespective of whether it is a jhuggi, a flat or a bungalow. There is accountability for every drop of water supplied the first time,” says
The same can be claimed by you in five equal installments starting from 2015-16 and the next four financial years. The interest payable during the financial year 2015-16 can be claimed in the same financial year.
If the property is self-occupied, then the maximum deduction available during the year 2015-16 will be ₹ 30,000. If the property is rented out during any financial year, there is no limit on the amount of deduction for the interest payable. From financial year 2016-17 onwards the maximum deduction will be ₹ 2 lakh.
I got a home loan of ₹ 31 lakh was sanctioned in June 2009, the duration for which is 30 years. My current salary is ₹ 11 lakh per annum. I have given my flat on rent from which I get a rent of
₹ 1.6 lakh per annum. I will be able to save at least ₹ 3.5 lakh per annum (after family expenses and EMIs are taken care of). Do you think it is a good idea to prepay my loan? I am also planning to pursue further studies.
—Snighda De Keep your tenure long and the EMIs low. Put the surplus amount in a savings bank account so that you save interest on that money while keeping it available for paying EMI during the time when you are pursuing your further studies.
Can a married woman buy an apartment jointly with a sibling and get a home loan for it without the husband?
—Monica Sharma In some cases additional members are included to club their incomes and increase loan eligibility. This pooled income is then available for repayment of the loan. That is the reason why spouses are preferred as joint borrowers because their income is pooled together as a single economic unit. Some banks also allow children and parents or even siblings (typically male siblings) since it is not common for the income of the female sibling to be clubbed with her male siblings or even with her parents. But if the bank is convinced that the economic pooling is likely to work, it may consider it as an exception and allow it.
Sometimes other members are added as co-owners even though their incomes are not considered for loan eligibility. All co-owners necessarily have to be co-borrowers. The banks are careful while choosing co-owners as any dispute among co-owners can disrupt loan payments to the bank. When income is not considered for increasing loan eligibility, the bank might be a little more lenient in allowing siblings of a married female borrower to be a co-owner (and therefore co-borrower) if they are convinced that there is unlikely to be any dispute between them in the future. which is enough for 200 lakh people.
“Currently, the industrial sector, which is one of the biggest consumers of water, is supplied fresh treated potable water. They can easily use waste water treated up to the secondary level. As much as 80% of the water being supplied to cities is right there. It only needs to be treated and supplied to industries. Good potable water that industries get can be swapped for residential and drinking purposes,” says Lakhani.
Out of a 1,000 ml litre per day supplied to a town, nearly 800 mld is coming back as sewage. Out of this almost 500 mld can be treated and supplied to industries, thermal power stations and water city parks. This can solve water shortage problems in almost every town, he says.
Faridabad in NCR is ideal for this kind of a project as the commercial base is huge. Supplying treated water to factories and industries will help the city manage its water requirements. It can also make the city cross subsidise drinking water for its citizens. Gurgaon’s water producing capacity is around 320 mld of water per day. With a population of 15 lakh, the consumption of water should not be more than 200 litres per day per person, yet the area has water scarcity issues. The Rishabh Group has launched Hindon Green Valley in Indirapuram, Ghaziabad. The project, spread across 7acres, will comprise 2 and 3 BHK apartments ranging from 775 sq ft to 1,590 sq ft. The units will be priced upwards of ₹ 35 lakh. The company is expecting a sale value of ₹ 800 crore from this project. Land for Hindon Green Valley is 100% paid for and is freehold. The project has been approved by the Ghaziabad Development Authority.
In terms of connectivity, the project is barely a few minutes away from NH 24 through the newly constructed Pushta link road.
According to Sanjeev Jain, CMD, Rishabh Group, “We are very delighted and happy to announce the launch of Hindon Green Valley for our valued customers. As a company we have always believed in delivering the best quality projects to our customers and we are sure that with our quality deliverables and commitment of providing the best of tservices, we will be able to surpass their expectations”.
Rishabh Group has developed more than 20 lakh sq ft of residential and commercial spaces.
Nagpur’s water management project involved replacement of over three lakh house service connections, service reservoirs and pipelines.