Policy has not won appreciation of developers; GCCI has organised discussion on the matter; Representation will be sent to Union minister.
As the state government’s township policy has not won appreciation by developers, the latter have decided to call off the idea of coming up with the townships. Developers and other industry associations are going to do some brain-storming to find recommendations and suggestions that they plan to submit to the urban development minister.
With that in mind, the Gujarat Chamber of Commerce and Industries has organized a discussion on the matter on December 19 and have invited industry experts from CEPT and other universities, AUDA, AMC and social experts to get a clearer picture of the situation.
Chairman of real estate committee in GCCI, Vijay Shah said “We are going to talk about issues like Delhi Mumbai Industrial Corridor, Special Investment Region, and AUDA’s 2011 to 2021 new development plan.”
“But the emphasis will be on the recently announced township policy which has been criticized by the real estate community. Therefore, through this discussion we are going to make recommendation and suggestions to the government to rethink certain issues that are holding builders back with regard to affordable homes for middle income group (MIG),” said Shah.
According to realty industry sources, almost all the builder associations of Gujarat will be participating in the discussions. This will also include people from Confederation of Real Estate Developers Association of India (CREDAI) and Gujarat Chapter, and Gujarat Institute of Housing and Estate Developers (GIHED).
The senior vice-president of GIHED, Yogesh Bhavsar said “There are many issues that need to be addressed. The government has asked to develop 40% of the total land for infrastructure. Over and above they have also asked for connectivity of water, drainage and other things which ideally the government is suppose to do.”
The availability of 40 hectares of land in the AUDA or even nearby peripheral area for townships is a big issue. Therefore, the size of the land should be brought down to 20 hectares which will allow the developers to acquire land and establish townships, added Bhavsar.
Commenting on the affordability of the houses in the township, director of Real Estate Studies and Management Academy, NK Patel said that the idea of a township is to decongest the city and offer suitable living to citizens. “If the cost of these homes are as good as what is offered in the city then why one would think of staying in a township?”
“I think that to make the township concept a success the government should offer incentives in the form of exemptions in stamp duty, tax benefit for certain fixed years and so on. This will motivate buyers.”
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