The State government is likely to allow development of land measuring three quarters of an acre (3,000 sq. m or 75 cents) without builders having to earmark any part of it for common facilities or pay a part of the registration value to the government.
Urban Development Minister Vinay Kumar Sorake said this at the CREDAI Reality Expo 2013 here on Saturday. He said this had been one of the demands of land developers and the State government was “positive” about it.
The Minister said builders would not be asked to pay any part of the registration value or keep aside land for development for common amenities. At present, the Karnataka Town and Country Planning Act, 1961, allows development of land measuring one acre (or 4,000 sq. m or 100 cents) with the builder paying 15 per cent of the registration value to the State government.
Mr. Sorake said the government would soon find a solution to the problems being faced by people in rural areas in Udupi, Dakshina Kannada, Uttara Kannada, Shimoga and Kodagu districts in selling or purchasing land due official’s insistence on forms 9 and 11 under Karnataka Panchayat Raj Rules (Taxes and Fees). The government had plans to bring a uniform policy on solid waste management in urban areas, Mr. Sorake added.