NewKerala.com

Key Points

The Punjab Cabinet, led by Chief Minister Bhagwant Mann, has approved a new land pooling policy, aiming to foster sustainable development while protecting farmers from exploitation. The policy involves landowners and promoters as key stakeholders, ensuring they directly benefit from development initiatives. It also encourages lump sum payments for property plots by offering substantial discounts, enhancing government revenue and reducing defaults. Furthermore, changes in various charges applicable to real estate promoters are expected to boost the state's revenue.

Key Points: Bhagwant Mann Approves Punjab's Landmark Land Pooling Policy

  • Punjab introduces progressive land pooling policy under Bhagwant Mann
  • Policy aims to protect farmers and promote sustainable development
  • Involves landowners in planning for holistic growth
2 min read

Punjab Cabinet approves new land pooling policy

Punjab Cabinet introduces a new land pooling policy aimed at benefiting farmers and promoting sustainable development.

"This policy will be a game changer for the state, providing major benefits for farmers. - Spokesperson"

Chandigarh, June 2

The Punjab Cabinet, led by Chief Minister Bhagwant Mann, on Monday approved the introduction of a new and progressive land pooling policy to promote planned and sustainable development.

A spokesperson for the Chief Minister’s Office said the policy aims to involve landowners, promoters, and companies as stakeholders in the development process and to increase interest in land pooling among landowners. The revised scheme has been rationalised to benefit small and marginal farmers significantly, offering more options to landowners, which will boost group housing and planned development, ultimately benefiting the common man.

The policy is designed to ensure holistic development by integrating every stakeholder into the process. It will be a game changer for the state as it will provide major benefits for farmers. There will be no more exploitation of farmers, and they will directly benefit. No private developers or land mafia can exploit farmers, as the policy ensures that farmers are protected from exploitation by private players.

The Cabinet also approved the partial surrender and partial cancellation of licences issued to colonies under the Punjab Apartment and Property Regulation Act (PAPRA), 1995, as well as the partial cancellation of approvals granted to industrial park projects. A policy in this regard was notified on March 10, concerning the surrender of licences for developing colonies under the PAPRA Act and approvals for industrial parks. This decision allows for partial surrender of licensed areas, subject to certain conditions, and partial suspension or cancellation of licenses for such projects.

To encourage allottees and bidders of residential, commercial, and other property plots to make lump sum payments of 75 per cent of the total amount, the Cabinet also approved a series of incentives. A 15 per cent discount on the cost of the plot or site will be offered to allottees who make a lump sum payment. This measure, said the spokesperson, is expected to ensure consolidated revenue for the government while also reducing the number of defaulters.

To further facilitate the state’s holistic development and boost revenue generation, the Cabinet approved an increase in external development charges, changes in land use charges, licence fees, and other charges applicable to real estate promoters.

- IANS

Share this article:

Reader Comments

R
Rajesh K.
Finally some good news for Punjab's farmers! 👏 The land pooling policy seems promising, especially the protection against private developers. Hope this isn't just another jumla and gets implemented properly. Small farmers have suffered enough in our state.
P
Priya S.
The 15% discount for lump sum payments is a smart move. Will help both government revenue and genuine buyers. But I'm more interested in how they'll prevent corruption in land pooling implementation. Punjab needs transparency in land deals after so many scams.
H
Harpreet M.
As someone from a farming family in Ludhiana, I welcome this policy but with caution. Previous governments made big promises too. The devil is in the details - how will they ensure fair land valuation? And what about farmers who don't want to pool their land?
A
Amit G.
Good initiative but why increase development charges? This will make housing more expensive for middle class Punjabis. Government should focus on affordable housing instead of just revenue generation. The common man is already struggling with inflation.
N
Neetu R.
Planned development is much needed in Punjab! Our cities are growing haphazardly. Hope this policy includes proper infrastructure planning - roads, sewage, green spaces. Chandigarh works because of planning, rest of Punjab should follow suit.
J
Jasbir S.
The partial cancellation of old licenses is a bold step. Many builders were sitting on land for years without development. This will free up land for actual housing projects. Bhagwant Mann government seems serious about reforms. Fingers crossed!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50