To ensure planned development through inclusiveness, sustainability, and transparency in all aspects.
(ii) To encourage smooth and efficient private investment in Real Estate Development.
(iii) To create new livelihood and employment opportunities.
(iv) To meet the needs of affordable housing
(v) To meet socio-economic and infrastructure demands of the state.
(vi) To encourage public private partnerships through land pooling.
Eligibility
Township can be developed by “Developer” which includes:- (i) Any person/ association of person; (ii) Any legal entity including private developer, sole proprietor; (iii) Consortium or Joint venture of landowners, private developers, firms, etc.; (iv) Any public agency of state or central government.
Financial Eligibility of Developer
For development of Township, financial parameters for the Developer shall be as prescribed below
Sr. No | Land Area (in Hectares) | Minimum Net Worth (Rs. in crores) | Minimum Average Annual Turnover (last 5 years) (Rs. in crores) |
1 | Above 10 and up to 20 | 5 | 6 |
2 | Above 20 and up to 40 | 10 | 12 |
3 | Above 40 and up to 100 | 20 | 20 |
4 | Above 100 and up to 300 | 50 | 40 |
5 | Above 300 | 250 | 200 |
Facilitation by State Government
Clause | Subject | Key Provisions |
1 | Land Procurement | 1 Developer responsible for land; if 80% land procured, govt. may assist with balance via negotiated approach. Developer bears compensation cost. |
2 | External Infrastructure | Govt. responsible for trunk infrastructure (roads, water, gas, power). Developer pays External Development Charges (EDC) to agencies on cost-plus basis. |
3 | Timely Clearance Support | Nodal agency acts as single-window for clearances/NOCs. Escalation to Empowered Committee if departments don’t respond in 60 days. Committee may appoint nodal officer. |
4 | Project Monitoring | Committee may monitor development (directly or via 3rd party). Non-compliance may lead to binding corrective orders by Committee. |
5 | Dispute Resolution | Committee not to entertain disputes. Contractual agreements must define jurisdiction and resolution mechanisms. |
6 | Incentives for Township Projects | 1 TDR Benefits – Available if in TDR zones. |
