+
 Punjab to set equivalent building bylaws, developers in for benefits
Real Estate

Punjab to set equivalent building bylaws, developers in for benefits

Punjab is set to have equivalent building bylaws followed by local government departments and housing, adding benefits for developers such as reducing the minimum area for a plotted colony under the affordable housing scheme and an increase in the saleable area in commercial colonies.

An official told the media that the state has decided to reduce the minimum area from 5 acre to 1.5 acre for plotted development and reduce it from 2 acre to 0.5 acre for group housing, taking into consideration the ground reality of high land prices and unavailability of suitable land in some cities. Previously, for the commercial colonies under Punjab Apartment and Property Regulation Act (PAPRA), 40% saleable area was allowed, but now an extra benefit of 5% will be given.

Promoters who have already paid the whole amount of extra development charges (EDC) or regularisation charges do not need to pay extra connectivity charges for water and sewerage connections.

Outstanding dues of ED on real estate projects can now be paid in six half-yearly instalments along with the applicable interest by way of post-dated cheques.

Many representations have been received pointing out the differences in the norms being followed by the local government department and housing department. The approval of Change of Land use (CLU) and building plan is made under PAPRA by the two departments. As per the decision, a park will be 5% of the area of the affordable housing project. The maximum saleable area will not be more than 65% of the total site area.

For town planning schemes, a promoter who wants to develop the land into a colony will have to get a promoter license, besides a CLU and license from a competent authority. The local government department provides 5% additional floor area ratio (FAR) to the buildings which have a green rating Puda has allowed FAR of up to 10%.

Image Source


Also read: CII, Punjab govt to jointly conduct infra gap analysis

Also read: H-RERA issues directive for sale of apartments

Punjab is set to have equivalent building bylaws followed by local government departments and housing, adding benefits for developers such as reducing the minimum area for a plotted colony under the affordable housing scheme and an increase in the saleable area in commercial colonies. An official told the media that the state has decided to reduce the minimum area from 5 acre to 1.5 acre for plotted development and reduce it from 2 acre to 0.5 acre for group housing, taking into consideration the ground reality of high land prices and unavailability of suitable land in some cities. Previously, for the commercial colonies under Punjab Apartment and Property Regulation Act (PAPRA), 40% saleable area was allowed, but now an extra benefit of 5% will be given. Promoters who have already paid the whole amount of extra development charges (EDC) or regularisation charges do not need to pay extra connectivity charges for water and sewerage connections. Outstanding dues of ED on real estate projects can now be paid in six half-yearly instalments along with the applicable interest by way of post-dated cheques. Many representations have been received pointing out the differences in the norms being followed by the local government department and housing department. The approval of Change of Land use (CLU) and building plan is made under PAPRA by the two departments. As per the decision, a park will be 5% of the area of the affordable housing project. The maximum saleable area will not be more than 65% of the total site area. For town planning schemes, a promoter who wants to develop the land into a colony will have to get a promoter license, besides a CLU and license from a competent authority. The local government department provides 5% additional floor area ratio (FAR) to the buildings which have a green rating Puda has allowed FAR of up to 10%. Image Source Also read: CII, Punjab govt to jointly conduct infra gap analysis Also read: H-RERA issues directive for sale of apartments

Next Story
Infrastructure Transport

Rs 19.5 Billion Meerut–Nazibabad Rail Electrification Complete

The Rs 19.5 billion railway electrification of the Meerut–Nazibabad section has been completed, marking a major step towards improving connectivity in northern India. The project covers 132 kilometres of track and is expected to enhance operational efficiency while reducing travel time and fuel costs.Officials from the Ministry of Railways said the electrification will enable faster, more reliable train services and contribute to reduced carbon emissions. The initiative aligns with the government’s broader goal of achieving 100 per cent electrification of India’s railway network by 2030...

Next Story
Infrastructure Urban

AU Small Finance Bank Secures RBI Approval For Universal Bank

AU Small Finance Bank has received approval from the Reserve Bank of India (RBI) to transition into a universal bank. The move will allow the Jaipur-based lender to expand its range of financial services and compete directly with larger commercial banks.Founded in 1996 as a non-banking finance company, AU Small Finance Bank became a small finance bank in 2017. The transition to a universal bank will enable it to offer a broader portfolio, including enhanced corporate banking, treasury operations, and new retail products.Managing Director and CEO Sanjay Agarwal said the approval marks a signifi..

Next Story
Building Material

India Cements Q1 Loss Narrows To Rs 276 Million On Higher Sales

India Cements Ltd has reported a consolidated net loss of Rs 276 million for the quarter ended June 2025, narrowing from a loss of Rs 831 million a year earlier. Consolidated revenue from operations rose 20 per cent year-on-year to Rs 17.9 billion from Rs 14.9 billion.The company attributed the improvement to higher sales volumes and better price realisations, which offset some of the impact of elevated fuel and raw material costs. EBITDA turned positive at Rs 1.1 billion, compared with a loss in the same period last year.Vice Chairman and Managing Director N. Srinivasan said the company will ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?