Punjab plans policy on affordable housing in mega projects
The Punjab government has decided to frame a policy for mega projects to provide houses to the public at affordable rates.chandigarh Updated: Jun 25, 2013 21:42 IST
The Punjab government has decided to frame a policy for mega projects to provide houses to the public at affordable rates.
Stating this on Tuesday, an official spokesperson of the department of town and country planning said the government, after studying the pattern of mega projects and keeping in view the hardships faced by real-estate developers, had decided to frame the new policy.
He said the sole aim of this new policy was to provide houses to the public at affordable prices. He added that the policy would incorporate provisions such as maximum permissible area for group housing in a project where group housing is proposed as part of plotted development would not exceed 20% of the total area of the project.
However, this condition would not be applicable for the area of the project which falls in the mixed land use zone of the master plan i.e. if more than 20% of the area falls within the zone, the promoter can use the entire area as group housing. In case the promoter proposes more than 20% area of the project under group housing, the entire additional area would be counted as saleable area of the total project.
Another provision of the proposed policy would be that the area under group housing would be considered part of the total area of the project for fulfilment of area norms. However, at the planning stage, this area would be planned and developed separately as pre-group housing norms and the saleable area for the rest of the project under plotted development would be calculated after excluding the area under flatted development.