Pvt real­tors may lose their hi-tech town­ship li­cences

Hindustan Times (Lucknow) - - Lucknow - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com ▪

LUC­KNOW: Over a dozen pri­vate hi-tech town­ships in the state have come un­der the radar of the Yogi Adityanath govern­ment, which is mulling a pro­posal to can­cel their li­cence and re­lease the land ear­marked for them.

No work or de­vel­op­ment took place in seven of the 13 pro­posed town­ships for which li­cences were is­sued to real­tors, hous­ing depart­ment of­fi­cials said.

“There is no point on hold­ing on to huge tracts of land no­ti­fied for these town­ships in these cities now as the projects have failed to take off even af­ter a decade,” said a se­nior hous­ing depart­ment of­fi­cial deal­ing with the is­sue.

He said an es­ti­mated 25,000 acre of land was ex­pected to be­come free if the state govern­ment de­cided to re­voke the li­cences of these in­ac­tive de­vel­op­ers and de­no­tify the land set aside for these town­ships.

The move is ex­pected to come as a huge breather for these landown­ers, mostly farm­ers, who were un­able to sell or un­der­take any con­struc­tion on their land as the same was al­lo­cated for these pro­posed hi-tech town­ships.

The real­tors who could lose their li­censes in­clude one each in Luc­know, Varanasi, Kan­pur, Mathura, Bu­landhsha­har and two in Agra. Apart from these, An­sal API and Gurv Buildtech, which were given a li­cence to de­velop hi-tech town­ships in Luc­know, could also see their project ar­eas get­ting pruned at least by half.

The for­mer has al­ready come un­der the scan­ner of the govern­ment, which has set up a probe af­ter re­ceiv­ing scores of com­plaints from home­buy­ers.

The hi-tech town­ship pol­icy to at­tract in­vest­ment in the hous­ing sec­tor was for­mu­lated by the Mu­layam Singh govern­ment in 2003 in the wake of in­creas­ing hous­ing need and the govern­ment’s in­abil­ity to cater to the de­mand.

The govern­ment had set a tar­get of con­struc­tion of at least 2.50 lakh hous­ing units by the pri­vate play­ers to over­come the short­fall with 10% of the hous­ing units each for the eco­nom­i­cally weaker sec­tions and the un­der­priv­i­leged.

The pol­icy re­quired a pri­vate de­vel­oper to de­velop a high­class town­ship with all mod­ern ameni­ties of in­ter­na­tional stan­dards, on a min­i­mum 1,500 acre of land with an in­vest­ment of Rs 750 crore.

The town­ships were ex­pected to have self-re­liant units like in­fra­struc­ture, ed­u­ca­tion, health, in­for­ma­tion tech­nol­ogy, bio-tech­nol­ogy, out sourc­ing and bank­ing.

But more than a decade down the line, the dreams seem to have gone sour.

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