Although there is no proper layout prepared for the taking-over process, 2018 is the deadline set for this plan. If managed, the process can be carried out in 2-6 months’ time. The taking over is dependent on two things –
1.The developer giving his approval to complete every deficiency in infrastructure work
2.Or the developer giving approval to pay the money required to complete the work to MCG
But, if the developer refuses to fulfill either of these conditions, their license may be cancelled and the colony will automatically be taken over by MCG.
A committee consisting of three private consultants has been formed, who are going to examine the colonies which are being taken over. They will make a report on all the estimated deficiencies and cost involved in bearing them. The report will be submitted by 15th of June. After that, the private builders will be given the option of handling the completion work, giving them a six-month period of time.
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