The BJP-led Haryana government today announced the launch of New Integrated Licencing Policy (NILP) 2015 for the development of hyper and high potential urban complexes.
Terming it as a "game changer", the state government said the policy finds proper balance between the aspirations of farmers, property buyers, real estate developers and the government.
Blaming previous "faulty policy" for the lack of proper development in the state, Haryana Chief Minister Manohar Lal Khattar said the new policy will not allow "manipulative methods" adopted by some real estate companies in the past for availing "undue favour".
Among other highlights, the policy makes way for the internationally acclaimed models of Transferable Development Rights (TDR), allowing farmers or landowners with small piece of land to monetize their land at current market price.
Khattar announced the launch new licencing for the development of hyper and high potential urban complexes of Gurgaon-Manesar, Faridabad-Ballabhgarh, Sohna, Sonepat-Kundli, Panipat and Panchkula-Kalka-Pinjore.
Calling it as "game changer", Khattar said the policy finds the proper balance between the aspirations of the farmers/landowners, the buyer-consumers of residential plots or flats, the real estate developers and the government to make a win-win situation for all.
He said the new policy titled NILP 2015 brings in the internationally acclaimed models of Transferable Development Rights (TDR) coupled with unique provisions which obviate the need for the government to resort to compulsory acquisition of land.
"The policy enables the small landowners to voluntarily monetise their land by participating in the entire process of licencing, real estate development and marketing and sale of their Transferable Development Rights," he said.
Khattar informed the concept of Transferable Development Rights (TDR) is being introduced comprehensively in Haryana for the first time.
This concept will give an alternative to farmers /individual land owners having land less than 25 acres to obtain TDR certificate from the department.
"This will help such farmers/owners to monetize their land holdings at current market price in residential sectors and for the sites/areas designated for External Development Works like sector roads, colleges, hospitals, fire station, open spaces, green belt etc, he said while addressing media here today.
This concept has recently been introduced for procuring the land falling within the alignment of internal 18/24 metres wide roads to enable connectivity with the wide sector roads and in terms of infrastructure provision to specific colonies located within the sectors, he added.