Govt wants municipal bodies to simplify land use change to boost housing
Prescriptions for municipal bodies and development authorities to augment land supply for this purpose, particularly for affordable housing
Jan 20, 2015
Source : The Times of India


NEW DELHI: As cities and towns are struggling to meet the growing need of housing, government has a series of prescriptions for municipal bodies and development authorities to augment land supply for this purpose, particularly for affordable housing. It has also recommended that authorities simplify the process of sanctioning land use change once the master plans are notified. 

The housing and poverty alleviation ministry last week told the authorities that if a particular patch of land falls under "residential zone" in the master plan then it should be treated as deemed permission for "non-agricutural" use. 

Permissions relating to change of land use from agriculture to non-agriculture delays project take-off by up to one-and-a-half years and the cost escalation could be as high as 40%. 

Considering the fact that about 95% of the housing shortage exists in the category of economically weaker sections (EWS) and low income groups (LIG), the ministry has suggested city managers to introduce a "mandatory reform". The ministry has suggested development authorities make it compulsory to reserve 10-15% of land in new layout plans for EWS and LIG housing and to convert land in fringe areas of cities into urban land. It also suggested that the authorities should relax density norms for affordable housing and allow floor space index (FSI) and transferable development rights (TDR). 

Stressing that reforms will be key to urban development and finding solutions to civic chaos, urban development minister M Venkaiah Naidu told municipal commissioners on Friday, "While addressing the issue of geographical spread, only the deserving will be assisted." He had also referred to sub-optimal performance in respect of promoting reforms, physical targets and resource mobilization under the urban renewal mission. 

He had blamed weak urban governance structures, uninspiring leadership of both selected and elected urban managers, poor inventory management and resource base as the reasons behind the urban chaos across the country.

Latest Realty News

Jan 20, 2015
MUMBAI: Paying a compensation of Rs 4 per square metre for two sprawling plots in the centre of Mumbai was unreal, the Bombay high court told the Maharashtra government, and ordered a much bigger payout
Jan 20, 2015
Mumbai: A gynaecologist couple from Aurangabad was allegedly duped of Rs 5.5 crore by a builder from Mumbai
Jan 20, 2015
PUDUCHERRY: After converting 77 hectares of agricultural land primarily for residential purpose two months ago, more agricultural land is set to give way to residences
Jan 20, 2015
MUMBAI: Plummeting oil prices will be largely beneficial to Asian real estate markets, according to global real estate consultancy JLL
Jan 20, 2015
COIMBATORE: Indiabulls Asset Management Co Ltd (IBAMC) is launching a real estate fund with a targeted fund size of ?500 crore
Jan 20, 2015
NEW DELHI: The supply of retail space in shopping malls last year fell sharply by 79 per cent to about a million sq ft in the seven major cities of the country
Jan 20, 2015
MUMBAI: Canadian asset management firm Brookfield is looking to set up a real estate investment trust
Jan 20, 2015
Bhubaneswar: The state government is likely to propose to the Centre for inclusion of six cities in the state in the Smart City scheme of the Union government
Jan 20, 2015
KOCHI: The demand for heritage homes in Fort Kochi area has taken a hit following skyrocketing realty prices
Jan 20, 2015
MUMBAI: The Reserve Bank of India has revised norms for calculation of the base rate

Latest Realty News Of State

Realty Talk's