MCC Chamber of Commerce
& Industry
MCCI
organized at an Interactive Session with Shri Debashis Sen, Principal
Secretary, Urban Development, Town & Planning Department and CMD,
W.B.HIDCO on ‘Real Estate Development in West Bengal: New Dimensions’
today at Chamber Hall.
Shri Deepak
Jalan, Sr Vice President, MCCI highlighted
the requirement of repealing ULC& R Act 1976 (Urban Land Ceiling &
Regulation Act) by the State in line with Union and many other States in India .
The Chamber also requested to allot a plot in New Town where it may build an
Integrated Campus to serve the Industry better.
Shri
Sen hailed 4P ( Public Private People Partnership) mode of
development in the State – a paradigm shift from 3Ps . ‘While
constructing for the rich , keep something for the poor’ is the State
Government Mantra. Mandatory
reservation of 25% for EWS (Economically Weaker Sections) or LIG (Lower Income
Group) while developing any land exceeding 5000m2 is not being
followed by all the developers. To address the issue of dearth of land in the
State, a ceiling of 24 Acres of on acquiring land has been imposed on any
real estate project barring few exceptions. ‘Planned Urbanization’ is
being advocated by the State to curb ‘quick profit making and unplanned
development’ of the cities. The State has already initiated this move in
‘Raghunathpur in Purulia District’.
‘Real
Estate Regulation and Development Act, 2011 ( which is yet to be
enacted)
would provide a parity between the Developers and the housing
aspirants enabling the Government to benchmark it across the country. The
State is still collecting facts to consider repealing of the
ULC&R Act .
‘Virtual
Land’ is
the uber new concept in Real Estate lexicon floated by the State Government by
raising the FAR (Floor Area Ratio) from 5.9. to world standard of 1.5-2.
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