The Limited Times

Now you can see non-English news...

Thousands of property owners are expected to be harmed as a result of the metro law delay? | Israel today

2022-06-27T11:26:14.123Z


"Real Estate Today" has learned that the owners of the rights to the land on which the metro is to be built are afraid that the delay in the law will reduce the value of their properties without the outgoing government approving an adequate compensation mechanism. Real Estate Today "In a special guide there are currently thousands of people whose ability to sell the apartment, renovate, or promote an urban renewal project in a building is limited to non-existent. Related to him. "


Hundreds to thousands of property and landowners are currently at risk of actual damage to their properties following the expected delay of the Metro Act, with the run-up to the election.

The rights holders will not receive compensation for the planned damage, and the Metro Act - which is expected to return to the starting point - is expected to put the public and thousands of property owners on the path of ongoing uncertainty. 

In fact, the Metro law has not reached the final line of voting in the second and third readings, and now with the fall of the government it is expected to return to the starting point and debate in Knesset committees - something that could take years, especially if political instability continues.

The law in question stipulates how the huge project will be financed, with an estimated amount of NIS 150 billion, which will come from the addition of building rights and the collection of levies on the basis of these additions.

Due to the scope of the law, it was decided to transfer it outside the framework of the General Arrangements Law, which may now be regretted. 

Work has begun, compensation has not yet been approved 

Adv. Zvi Shuv, a real estate planning and construction expert, explained to Real Estate Today about the complexity of the situation: "This is a very complicated situation since some of the relevant plans have already been approved, which means that the damage to property owners along the route has already begun.

At the same time, the part that allows the rights holders to receive compensation for the injury has not been approved.

"Two of the four plans have already been approved by the government and will soon take effect, which means that the damage to the landowners has already begun."       

"Metro plans change the designations of the land to harmful designations, including the designation of demolition / road, which empties the land of its value and marketability. For example, residential buildings intended for demolition in the plan in favor of the project, in order to build a station. "An apartment that cannot be sold due to depreciation, nor do they have any justification to renovate or strengthen it because it will be demolished. However, the plans that were supposed to minimize the damage to the property owners and establish the compensation mechanisms have not yet been approved." 

Fell between the chairs

Again explains the NPA plans designed to protect property owners in such cases, but unfortunately the land rights holders have not yet been approved. 

"TMA 60 is intended to protect the owners of the rights in the metro route and preserve the building rights in the plots they own, even in the case of taking part of the area for the metro, for example a garden or parking, and in case of building or paving a tunnel below the surface," he explains again. Preserves most of the building rights that come to the lot, even if the area of ​​the lot is reduced in a way that was supposed to reduce the building rights.

"There are thousands and maybe even tens of thousands of rights holders along the route that NAP 60 is relevant to, as the typical harm to landowners along the route is through taking part of the lot. It is currently in the stages of being reached. 

"Another example of a plan that is stuck in the depths of bureaucracy is NAP 70, which aims to significantly densify and strengthen building rights while adding marketable areas in the area and around the metro station complexes, and in the future even above the depot (operations centers).

This plan is essential for the financing of the project, since the improvement levies that will be collected in the garden will be critical for the continuation of the road.

Although part of the Metro Law has passed through the Arrangements Act that has already been approved, it stipulates that a compensation committee will be established, to which compensation claims will be submitted in place of section 197 of the Planning and Building Law.

"Although the arrangement was approved and passed in the Arrangements Law, for that purpose, action must be taken to appoint the committee in cooperation with the Minister of the Interior, the Minister of Justice, the Minister of Finance and more, and currently no committee has been established, and probably will not be established soon." 

And what about the rights holders who are currently already harmed with the approval of the plans?

What are they supposed to do with the compensation and damage to their land?

Again explains that "usually when an offending plan is approved on the ground a claim for compensation under section 197 of the Planning and Building Act can be filed within 3 years, while in the metro project as stated no claim can be filed under section 197 but under a special committee set up above, not yet established This means that the damage to the landowners has already been created, but the solutions have not yet been approved, and yet the clock continues to operate. "They will remain in the fog until a new government is formed that will decide how it intends to promote the Metro Law and all its annexes."

Were we wrong?

Fixed!

If you found an error in the article, we would love for you to share it with us

Source: israelhayom

All news articles on 2022-06-27

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.