Govt eases norms to boost real estate
To boost industrial development and investment in the state, the Punjab Government took some important decisions today. It includes allowing industry in agricultural and mixed-use areas but this is subject to certain conditions. Besides that reduction in non-construction fee by an allottee if he does not construct on estates developed by government and development authorities within the time period of 3 years.
The aim of this is generating employment. These norms were announced after a virtual meeting of the Punjab Regional and Town Planning and Development Board (PRTPD) and development authorities headed by Chief Minister Capt Amarinder Singh. According to an official spokesperson a 30-day public notice would be given by the government, after which these decisions would be finalized.
According to the decisions, industry will be allowed in agricultural areas beyond 3 km of the Municipal Corporation cities and beyond 2 km of the smaller towns, provided the land has a 19-22 feet access. Besides that the red category industries should be at least 500 metre away from the village populace for the purpose of establishment of such industry. For the use of mixed land areas, it was decided to permit industry only along major roads.
The meeting has also been decided on the development industrial hubs in 1,100 acres in Rajpura and in another 1,000 acres near Ludhiana. As per another important initiative, the Greater Mohali Area Development Authority (GMADA), also headed by the Chief Minister, decided to set up an industrial estate in Mohali. The estate will have two parts, with about 530 acres to be developed by GMADA and comprising smaller plots, while another 250 acres will be allowed to be developed by private players.
Further, for the residential sector in New Chandigarh, a decision is taken to allow affordable housing colonies in 25 acres and above, and other residential colonies in 50 acres or above, from the existing requirement of minimum 100 acres. Talking about the heels of the affordable housing policy, notified recently by the state government, the move will provide homes to thousands of people.
The Chief Minister also approved two major projects for Patiala, including cleaning up and beautification of the Chotti and Badi Nadi through sewerage system along its length and creating a water body by the Check Dam, at a total cost of Rs 180 crore. In addition to that Rs 42 crore has been approved for beautifying Patiala’s main market through its redevelopment as a heritage street.
