The Haryana government on Tuesday claimed its recently unveiled New Integrated Licencing Policy would help create two lakh dwelling units belonging to the economically weaker section in major urban growth centres such as Gurgaon, Faridabad, Sohna, Sonepat, Panipat and Panchkula in the next five to six years.
State government officials are also confident of achieving this mammoth target by 2020 once the policy gets takers and people start applying for licences for real estate projects. This is because under this policy, private developers that would get licences to build housing complexes and projects would have to transfer 12% of their land free of cost for building EWS and no-profit-no-loss (NPNL) housing units.
"We are expecting to receive applications for getting licence for about 12,000 acres under this policy. So, going by the formula we will get about 1,200 acres of land for building EWS and NPNL housing units in these cities," said additional chief secretary P Raghavendra Rao, who is in charge of the town and country planning department.
However, the policy specifies that no single pocket proposed to be transferred under this category will be less than 2.5 acres to ensure proper planning and implementation of such complexes. It will be up to the government to utilize the land parcels through any public or private agency, the policy says.
It also specifies that the licencees need to hand over another 10% of their project area to the government free of cost to government for community facilities such as schools, dispensaries, community centres, post offices and religious centres.
The policy has also introduced the provision for transfer of development rights (TDR) for the land owners.
"These certificates will contain the entitlement of FAR, which the individual land owner will be able to transfer to a developer/ colonizer subsequently,a the policy mentions. The builder will be allowed to utilize the TDR certificates for higher FAR and to build more dwelling units. We expect the farmers or any other land owner will get at least Rs 4 crore per acre, which is much higher than what he would have got by selling the land or under the acquisition policy for laying infrastructure," Rao said.
SOURCE: ETRealty.com
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