Mak­ing money from land

TDR cer­tifi­cates can be sold like shares

HT Estates - - FRONT PAGE -

Haryana’s new i nte­grated li­cens­ing pol­icy aims to en­able farm­ers and landown­ers to mon­e­tise their land hold­ings at cur­rent mar­ket value through trans­fer­able de­vel­op­ment rights (TDR) cer­tifi­cates, which means that there will no longer be any forcible land ac­qui­si­tion by the gov­ern­ment for the de­vel­op­ment of ci­ties.

Un­der the pol­icy, the li­cense for an in­te­grated res­i­den­tial colony will be con­sid­ered for a min­i­mum of 25 acres as against 100 acres ear­lier.

The pol­icy in­tends to fa­cil­i­tate in­di­vid­ual land own­ers whose land is lo­cated either within a res­i­den­tial sec­tor or within the align­ment of a sec­tor road or ar­eas des­ig­nated for ex­ter­nal de­vel­op­ment works within the de­vel­op­ment plan/sec­toral plan for ob­tain­ing TDR cer­tifi­cates. The cer­tifi­cates will con­tain the en­ti­tle­ment of FAR which the in­di­vid­ual landowner will be able to trans­fer to a coloniser. The va­lid­ity of TDR cer­tifi­cate will be two years.

On grant of the li­cense for ob­tain­ing TDR, the owner shall trans­fer the land free of cost to the gov­ern­ment within 60 days of grant of li­cense or be­fore trans­fer of such TDR to an ex­ist­ing colony, which­ever is ear­lier.

The pol­icy calls for de­vel­op­ment of com­mu­nity fa­cili- ties through con­sol­i­dated pock­ets of land to be re­ceived from de­vel­op­ers free of cost. Un­der the pol­icy, the coloniser will trans­fer 10% area of the li­censed colony free of cost to the gov­ern­ment for pro­vi­sion of com­mu­nity fa­cil­i­ties. The land will be trans­ferred within 60 days of grant of li­cense but be­fore ap­proval of build­ing plans.

The coloniser will also pro­vide 12% area of the colony free of cost to the gov­ern­ment for EWS and NPNL (no profit no loss) hous­ing. The trans­fer of the land to the gov­ern­ment in rev­enue records will be done within 60 days of grant of the li­cense and be­fore ap­proval of zon­ing plans.

HT FILE

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