Punjab’s new industrial parks can develop 50% area as residential, commercial

THE DECISION NOTIFIED ON FRIDAY IS APPLICABLE ONLY FOR INDUSTRIAL PARK PROJECTS APPROVED UNDER THE IBDP, 2017

MOHALI:The Punjab government has decided that a new industrial park with a minimum size of 25 acres can develop 50% of the area as residential and commercial, and no change of land use (CLU) or external development charges (EDC) will be levied on any component of the park.

The decision notified on Friday is applicable only for industrial park projects approved under the Industrial and Business Development Policy (IBDP), 2017. Earlier, 30% of the area was allowed to be developed as residential and 10% as commercial in an industrial park. So far, no industrial park has been set up under the IBDP, 2017.

The state government under the 2017 policy has also decided to exempt industrial parks (textile, food, IT, electronics among others) approved by the state or central governments from all provisions of the Punjab Apartment and Property Regulation Act, 1995 (PAPRA). For getting exemptions from PAPRA, the promoter will have to carry out development works in accordance with layout/zoning and building plans approved by the competent authority.

Exemption shall be valid for a period as mentioned in the lease deed agreement of the promoter with landowner. The promoter of the industrial park will have to complete the project within 5 years from the date of first approval of the layout plan or within a period as stipulated by the central government in its sanction order, whichever is earlier.

SHIFTING OF INDUSTRIES

To encourage the shifting of industries from residential areas or other non-conforming zones to conforming zones of master plans, approved industrial zones and industries estates within the stipulated time (10 years since master plan was notified), the state government has allowed existing site to be used as per the master plan regulations without imposing any CLU charges. In addition to it, no CLU charges, EDC or licence fee will be applicable on the new industrial site, after shifting to new location. Also type of industry has also been allowed to be changed.

SETTING UP INDUSTRY IN BORDER BELT

No CLU will be required to set up industry in border zone, area falling within 30 km of the international border. Such units will also be 100% exempted from EDC charges under Punjab Town Planning and Development act 1995.

The exemption is applicable from July 2017.

This notification is applicable from the effective date of the 2017 policy.