Financial Commissioner and Principal Secretary, Department of Industries, Commerce and Information Technology, Haryana Y. S. Malik has called upon planners and real estate developers to adopt long term vision of 100 years and beyond with a provision for in-built flexibility of revision of Master Plan every five years in order to adjust for dynamic emerging changes in cities and towns

He was speaking at the inauguration of the 7th two-day National Seminar on “Emerging Frontiers for Spatial Planning: Development of Human Resource for Promoting Real Estate and Property Management” at Rajokri here on Monday. The seminar has been organized by National Real Estate Development Council (NAREDCO) and The Institute for Spatial Planning and Environment Research.

Mr. Malik also suggested the need to do-away with any discretionary approach in the sanctioned building plan by not permitting compounding penalty on extra space construction through penal provision.

Speaking on the occasion, NAREDCO president Navin M. Raheja stressed the need to adopt modern construction technologies for completing housing projects within 12 months as against nearly 30 to 36 months at present. This would help in construction on a massive scale to minimise the shortage of housing in coming years particularly for lower income groups, he said.