Taking a leaf from Mumbai, the Uttar Pradesh government has notified a freehold and redevelopment policy for large parcels of unutilized industrial and other land given on lease to private and semi-government entities for floating new housing schemes and projects.
Conceived under the state government’s housing and habitat policy 2014, the 11-page Freehold and Redevelopment Policy offers several incentives to landowners to undertake housing ventures on used land.
“In every city you will find huge parcels of prime land lying unused. This is because these chunks were given on lease to set up factories/industries, both private and government owned. Over the period, some of these factories or industries have either shut down or are no longer in use for various reasons. This policy aims to make optimum utilization of such land,” said a senior housing department official.
With cities reaching saturation points, the redevelopment experiment was first tried by Mumbai in its western suburban areas dotted by several old bungalows and dilapidated buildings.
“This is the only solution we have to ensure that besides upcoming new areas, the old localities too have modern infrastructure and civic amenities,” the official pointed out.
Not many people know that the prestigious CG City on 900acres on Sultanpur Road was the first such redevelopment initiative undertaken by the state government when the policy was still being finalized. “We have several defunct factories and industries that occupy hundreds of acres of land in Aishbagh, Talkatora and Bakshi ka Talaab areas that can similarly be put to good use to solve the state’s housing need,” he said.
The developer would have to build 10 per cent houses each for the EWS and lower income groups. “Acquisition of land under the new laws is not only becoming expensive and hence unviable but also extremely cumbersome given the long drawn procedure,” the official said adding redevelopment was the only other low-cost option that would also help in putting a check on unbridled urban sprawl.