Property Dealers

Enough isn’t sufficient, developers want extra

Even even though four-month window furnished by means of the Punjab Government as a one-time degree to developers to get their unlawful/unlicensed colonies regularised below the new coverage is ready to shut (on February 17, 2019), most developers, it appears, aren’t satisfied with the coverage notified for this motive on October 18, 2018. They nonetheless want more simplification and relaxations within the coverage and appropriate lukewarm response of builders (to the brand new coverage) to procedural wrangles and cumbersome documentation.

developers want extra

In a memorandum submitted to the Punjab Housing and Urban Development Minister, Tript Rajinder Singh Bajwa, the Punjab Colonisers, and Property Dealers Association have pointed out that because of pointless documentation, many developers were wary of coming ahead for regularisation of colonies and property owners were additionally not very keen to avail of the coverage benefits. Kultar Singh Jogi, president, and GS Lamba, well-known secretary of the association, stated for compounding of plots and residences, four units of files were being demanded at the same time as the developers needed to publish eight sets of documents on the time of submission of utility which may be executed away with.

A single set of files for plots and properties should be sufficient as scanned copies may be sent to specific branches for similar movement. Similarly, a single set of the document from developers be taken, and after verification through an able person, extra sets be were given prepared which might cause rapid processing of programs,” stated the memorandum.

The developers’ body similarly wanted that in instances of colonies where programs have been pending/rejected underneath previous rules, alternatives be taken from the developers about which coverage do they want to go for as in most instances builders had already deposited the license fee, improvement and CLU costs. For registration of sale deeds of plots and properties, receipt of full price be taken into consideration as NOC due to the fact registration of sale deeds has been suspended for pretty some time within the state.

The government has been advised to issue guidelines that homes constructed in colonies evolved before the reduce-off date (March 2018) however sold after that be taken into consideration eligible for compounding. The builders assert that software program for the popularity of plans from builders not being very dependable, packages be well-known in both online and in physical form. The license fee and other fees must additionally be accepted in coins because some of the candidates had been now not very computer-literate.

Making a robust demand for extension of the policy for another four months, the association has asked the authorities to bring improvement fees for colonies placed inside and outdoor the town limits at par, keep camps for filling out programs for regularisation, waive hobby of applications submitted underneath preceding policies and represent a nation belongings board to bridge the distance between the stakeholders and the regulatory our bodies.

Judith Barnes

I am a freelance writer and blogger based in New York City. I love to write about home design, landscaping, architecture, gardens, real estate, and exterior design. I also run a blog called Mypropertal, where I share tips about home and garden improvement projects. In addition to writing, I work part-time as a social media manager for a real estate company in NYC.

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