Punjab govt gives green signal to bifurcation of industrial plots

MOHALI: The Punjab government has allowed bifurcation of industrial plots allotted by different state agencies in the state.

The bifurcation of industrial plots, allotted by the government or any urban development authority constituted by the state government under the provisions of the Punjab Regional and Town Planning and Development Act, 1995 (PRTPD), such as Punjab Urban Planning and Development Authority (PUDA), has been exempted from all the provisions of the Punjab Apartment and Property Regulation Act, 1995 (PAPRA).

The bifurcation of industrial plots is permitted only in two units and minimum area of plot after bifurcation of industrial plot must not be less than one acre. The conditions of allotment letter for such an industrial plot have been relaxed to this extent.

The allottee will have to pay fee for bifurcation and fragmentation of plots in industrial urban estates of Mohali, Ludhiana and Rajpura at ₹50 per sq yard.

After bifurcation is allowed by the chief administrator of the development authority concerned, the allottee will have to get approval for relevant changes in the layout plan of industrial estate and zoning plans from the department of town and country planning before he can get approval of the estate office for the building plan.

The allottee of the bifurcated industrial plot is permitted to sell or transfer any of bifurcated plots by paying requisite processing or transfer fee. The allottee or the transferee will be bound to comply with the provisions of the PRTPD and Real Estate (Regulation and Development) Act, 2016. Even after bifurcation, the plot can only be used for industrial purpose. The allottee will be responsible for the provision of services and parking in bifurcated plots.

Similarly, bifurcation of industrial plots not measuring less than 1,000 sq yard allotted by a state agency or corporation constituted for the development of land for promotion of industry, such as PSIDC has also been exempted from all the provisions of the PAPRA. The terms and conditions for such a bifurcation will be framed by the government agency or corporation concerned.