Do away with ar­chaic laws

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

Po­lit­i­cal will, ac­tion and im­ple­men­tat i on are t he most im­por­tant fac­tors so far as ur­ban­i­sa­tion in In­dia is con­cerned.De­vel­op­ments must be as­sessed, re­sources must be de­ployed and time­lines must be ad­hered to. As per re­search by t he PHD Cham­ber of Com­merce and In­dus­try and Cush­man & Wake­field, here are some en­ablers re­quired to tackle rapid ur­ban­i­sa­tion:

PLAN­NING

Land is a scare re­source. How well a coun­try does in ur­ban­i­sa­tion de­pends on how in­no­va­tively land is used. Re­vamp­ing FSI guide­lines and re­de­vel­op­ment are im­por­tant mea­sures; how­ever, firstly, the ex­ist­ing in­fra­struc­ture must be pre­pared so that ad­di­tional floors do not in­crease ad­di­tional traf­fic load.

Pre- in­vest­ing and ef­fec­tive plan­ning must be adopted. This can be ap­plied in a num­ber of ways. For in­stance, in pe­riph­eral city lim­its, houses are sold with­out good con­nec­tiv­ity to the city cen­tres. In­fra­struc­ture fa­cil­i­ties 3.5 3.0 2.5 2.0 3.1 must be laid be­fore it be­comes a res­i­den­tial or com­mer­cial hub, other­wise it cre­ates chaos and not con­ve­nience. Sim­i­larly, Tier-2 cities must be ready to han­dle a boom or a spill-over of ur­ban pop­u­la­tion.

FUND­ING

Ur­ban de­vel­op­ment needs fund­ing in un­prece­dented mea­sures. Mon­etis­ing land as­sets could help raise funds; land sales in up­com­ing hubs and pro­mo­tion of PPP (Pub­lic Pri­vate Part­ner­ship) mod­els will gen­er­ate funds for ur­ban de­vel­op­ment. In­dia should bring in re­forms such as the GST (Goods and Ser­vices Tax), which is meant to in­cen­tivise growth. The im­ple­men­ta­tion of GST will unify taxes and make In­dia a stronger econ­omy.

GOVERNANCE

Do away with ar­chaic laws such as Rent Con­trol Act and bring in pro­gres­sive mea­sures such as the con­cept of rental hous­ing. In­cen­tivise projects that need to be de­vel­oped on pri­or­ity with mea­sures such as tax or com­mer­cial ben­e­fits. By 2030, In­dia’s cities will be big­ger than sev­eral coun­tries. Ur­ban governance needs an

Hous­ing short­age: top seven In­dian states

over­haul, says the re­search.

Global cities have em­pow­ered may­ors or per­son­nel who are clearly ac­count­able for the city’s per­for­mance. Ded­i­cated metropoli­tan au­thor­i­ties in ev­ery city with well-de­fined roles are a must for the man­age­ment of large In­dian cities.

IM­PLE­MEN­TA­TION

Af­ford­able hous­ing is an abused term in the In­dian real es­tate in­dus­try. It is of­ten a marketing gim­mick. The gov­ern­ment must de­fine and in­cen­tivise houses that are truly af­ford­able so that ur­ban cen­tres have hous­ing for all. The de­mand and po­ten­tial for af­ford­able hous­ing in a coun­try such as In­dia which is grap­pling with ur­ban is­sues, is huge. En­cour­age mi­cro mort­gage fi­nanc­ing schemes so that peo­ple who are ac­tu­ally needy can af­ford homes.

Peo­ple who be­long to EWS or LIG cat­e­gory work i n un­or­gan­ised sec­tors and do not have for­mal doc­u­ments to ac­cess credit. Such peo­ple will ben­e­fit from mi­cro-fi­nanc­ing schemes. In­dia must move to­wards a sin­gle win­dow clear­ance so that 18-24 months are not spent on get­ting per­mis­sions, adds the re­port.

FILE PHOTO

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.