Synopsis
The Madhya Pradesh government has created a committee for the effective implementation of the recently approved Integrated Township Policy, led by Sanjay Kumar Shukla. The policy aims to enhance real estate investment and address affordable housing needs in urban areas.Key Takeaways
- Committee Formation: Chaired by Sanjay Kumar Shukla
- Policy Goals: Transparent implementation in large cities
- Incentives: Additional FAR for EWS, LIG housing
- Land Procurement: Simplified for investors
- Green Spaces: 10% of area designated for parks
Bhopal, Feb 22 (NationPress) Just a few days after the approval of the Integrated Township Policy, the government of Madhya Pradesh has established a committee led by Sanjay Kumar Shukla, Principal Secretary of Urban Development and Housing.
This committee is tasked with ensuring the transparent implementation of the new policy across all cities with populations exceeding five lakh.
Furthermore, sub-committees have been organized under the guidance of district collectors.
Key officials from the Town and Country Planning, Urban Bodies Commissioner, Public Works Department, and Public Health Engineering Department are part of this committee.
The Integrated Township Policy-2025 includes initiatives to simplify land acquisition for investors, featuring provisions for government land contributions, Transferable Development Rights (TDR), and ceiling limit advantages.
This new policy also presents an additional Floor Area Ratio (FAR) incentive of up to 30 percent for the development of EWS, LIG, and general housing units.
Moreover, developers will earn extra FAR incentives for encouraging the use of non-conventional energy in residential areas. The policy stipulates that the nodal agency developer must receive approvals and no objection certificates from relevant departments within 60 days, as stated by Urban Development and Housing.
The objective of the new policy is to actively attract private investment in real estate development, addressing the increasing need for affordable housing.
Additionally, it aims to meet the socio-economic and infrastructure requirements of the state.
Currently, colonies are being constructed on smaller plots by developers, which hampers the development of city-level infrastructure. Nevertheless, the new policy promotes the organized growth of both social and physical infrastructure.
For the benefit of residents, there is a provision for 10 percent of the total area to be allocated as parks and open spaces, fostering the growth of green areas in the city.
