The new policy of the Punjab government to regularise unauthorised colonies has failed to please builders who have been resenting the high fee imposed by the government.
The Punjab Colonisers and Property Dealers Association (PCPDA) held a state-level meeting here on Sunday in which property dealers asked the state government to roll back the high regularisation fee.
"The government has imposed high regularisation fee that is not acceptable. It has imposed a fee of Rs. 2 lakh per acre for builders and Rs. 200 per square metre for owners for the deals of land that took place between 1995 and 2007. Any deal made after 2007 will cost the developer Rs. 12 lakh per acre and Rs. 400 to the owners," said KS Yogi, state president, PCPDA.
He said, "It is not possible for builders and buyers to pay such a big amount. We do not know how they reached these figures. It seems the bureaucracy is misleading the political leadership."
Yogi said, "We believe there are around 20,000 unauthorised colonies in the state as against 5,300 listed by officials. The government can generate enough revenue by keeping the regularisation fee low like the neighbouring states. The Delhi and Haryana governments have kept minimal regularisation fee for developers, but here we are being told to pay in lakhs. Nobody is going to pay that amount and the government would be the loser at the end of the day."
He said, "We urge the government to keep the fee minimal so that everyone, who is even not counted by the officials, should come forward to get the colonies regularised."
"The government should instead think of earning the revenue after the colonies get regularised. It will earn in the shape of stamp duty as registries of the land deals are on hold for the past year and a half. People will start construction on their lands and the government can earn crores in the form of tax on construction material," said Yogi.
He said all district-level units of the PCPDA would present a memorandum to the deputy commissioners of all 22 districts and demand zero regularisation fee. They would keep fighting till their demands were met, he added.