Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Punjab Cabinet recently approved a policy to acquire over 1,500 acres for Economically Weaker Sections (EWS) housing, marking the first such initiative since 1995. The plan involves auctioning underutilized land in housing colonies to generate funds for acquiring plots or developing houses for EWS across key cities. Additionally, the cabinet approved financial aid increases for acid attack victims, an amnesty policy for land defaulters, and six fast-track courts for NRIs. The government also aims to boost infrastructure development using 50% of external development charges (EDC) and install 200 solar pumps for sustainable agriculture.
In a significant move aimed at addressing the housing needs of economically weaker sections (EWS) in Punjab, the state cabinet has approved a new policy that will facilitate the acquisition of over 1,500 acres of land. This initiative comes after years of neglect in providing adequate housing for EWS, with Finance Minister Harpal Singh Cheema highlighting that no plots have been allocated to this group since 1995. The plan involves selling off scattered land pockets that have remained undeveloped in various housing colonies, with the proceeds being used to purchase new land for EWS housing. Advertisement
The Punjab government aims to generate reasonable revenue through the auction of these scattered land parcels. The funds raised will be directed towards acquiring land in key cities across the state, where either plots or houses will be developed specifically for EWS. This approach not only addresses the immediate housing crisis but also optimizes the use of land that has been underutilized for decades.
In addition to the housing initiative, the cabinet has approved several supportive measures. One notable change is the enhancement of financial assistance for acid attack victims, which now includes male and transgender individuals. The monthly financial support has been increased from INR 8,000 to INR 10,000, reflecting a broader commitment to inclusivity and support for vulnerable populations.
The cabinet also introduced an amnesty policy for land allottees who have defaulted on payments for plots. This policy allows defaulters to settle their dues without penalties, encouraging compliance and providing relief to those struggling with financial obligations. Furthermore, the establishment of six special fast-track courts for Non-Resident Indians (NRIs) in various districts aims to streamline legal processes and ensure timely justice for this community.
To bolster infrastructure development, the cabinet approved a policy to allocate 50% of external development charges (EDC) collected from property developers for local infrastructure improvements. This move is expected to enhance the living conditions in newly developed areas and ensure that the necessary facilities are in place to support the growing population.
The Punjab government is also taking steps to promote renewable energy in agriculture by launching a pilot project to install 200 solar pumps, with 90% of the funding provided by the state. This initiative is part of a broader strategy to encourage sustainable practices in farming and reduce reliance on traditional energy sources.
Moreover, the cabinet has approved amendments to the e-auction policy for housing, aiming to improve revenue generation from property sales. Changes include increasing eligibility fees and introducing a formula for reducing reserve prices for unsold properties, making it easier for buyers to acquire land.
As Punjab moves forward with these initiatives, the focus remains on creating a more equitable housing landscape and addressing the needs of its most vulnerable citizens. The government's commitment to enhancing infrastructure, supporting marginalized groups, and promoting sustainable practices reflects a comprehensive approach to development that could serve as a model for other states facing similar challenges.
This new policy marks a pivotal moment for housing in Punjab, promising to transform the lives of many who have long awaited better living conditions. With the right implementation and community engagement, these efforts could lead to a significant improvement in the quality of life for economically weaker sections across the state.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
