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Updated: November 20, 2012 13:17 IST

New real estate policy by next month in Punjab, says Sukhbir

Sujay Mehdudia
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A file picture of Punjab Deputy Chief Minister Sukhbir Singh Badal ( Right ) after his visit to Pakistan.
PTI A file picture of Punjab Deputy Chief Minister Sukhbir Singh Badal ( Right ) after his visit to Pakistan.

Punjab Deputy Chief Minister, Sukhbir Singh Badal declared that a new real estate policy would be put in place by next month to give a clear direction to the development of the State as the real estate hub of the country. The State would also become power surplus by the end of 2013, he said.

Addressing the international and national real estate developers at a conference organised by Confederation of Real Estate Developers Association of India (CREDAI) in New Delhi, Mr. Badal said a new real estate policy, giving a clear cut direction to the development of this sector, would be put in place by December 15. It would be a consumer and investor friendly policy that would seek to address the concerns including failure to deliver residential units on time by the developers. The real estate policy would include plethora of incentives including hassle free and time bound clearances, uniform code for all cities, unlimited heights besides rationalising charges.

Mr. Badal said Punjab would be the first State in the country to be power surplus by December 2013. It will have three international airports, all cities linked with 4/6 lane road networks and special emphasis would be laid on education, health and hospitality. Punjab has already notified the master plan of 32 cities, 72 local planning areas, 147 towns and 27 master plans were under preparation.

The Deputy Chief Minister said against the demand of 8,214 MW and current availability of 5,872 MW, Punjab would be generating 11,484 MW by the end of 2013. He said that Rs. 12,000 crore 1,980 MW, Talwandi Sabo thermal Plant, Rs. 3,000 crore 540 MW Goindwal Sahib thermal plant and the Rs. 9,000 crore 1,400 MW Rajpura thermal plant are all set to become operational by next year.

“By next year Shambhu-Jalandhar, Jalandhar-Pathankot, Jalandahr-Amritsar, Amritsar-Pathankot, Amritsar-Zira-Kot Kapura-Sri Ganga Nagar, Ludhiana-Moga-Talwandi, Hoshiarpur-Jalandhar-Moga-Barnala-Sangrur-Patran-Jind, Kharar-Ludhiana, Kurali-Ropar-Kiratpur Sahib, Ambala-Zirakpur-Kalka, Zirakpur-Patiala and Patiala-Bathinda would be linked with 4/6 lane roads with the investment of Rs. 7,600 crore,’’ he remarked.

He said Punjab would be developing education cities in Mohali, Ludhiana and Bathinda, tourism and entertainment hubs in Amritsar and Ludhiana. He said that Tata Cancer and Research Hospital has already moved in Mullanpur near Chandigarh.

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