Punjab needs a comprehensive land policy : UNIDO
A UNIDO report has said that Punjab needs to develop a comprehensive and transparent land development policy.
By PTI |
CHANDIGARH: Citing "astronomical" land prices as major obstruction in the state's industrial growth, a UNIDO report has said that Punjab needs to develop a comprehensive and transparent land development policy.
The Punjab Industrial Review - a study prepared by UNIDO consultant Isher Judge Ahluwalia, has also suggested resuming unutilised land and allot village land (Shamlat) for the purpose of industrial development.
"The government must examine the legal feasibility of resuming land which has been previously allotted but not utilised by the industry," the report said.
The study has observed that land prices, particularly, along the Grand Truck road in Amritsar, Jalandhar and Ludhiana has become too costly to be viable for the industrial undertakings.
"Land prices have shot up so much as to seriously dent the prospective competitiveness of any industrial project in the state," it said.
It has also proposed that levy of development charges should not be so high that the viability of the industry is compromised upon.
The matter assumes significance as land prices in Punjab have more than doubled in a span of two years, particularly in Mohali, Ludhiana, Amritsar and Jalandhar, according to Punjab Property and Colonisers Association.
Moreover, realty firm DLF has not been able to develop its SEZ project in Amritsar because of high prices, which is an example of halting of projects due to spiraling land prices in the state, industry experts pointed out.
The Punjab Industrial Review - a study prepared by UNIDO consultant Isher Judge Ahluwalia, has also suggested resuming unutilised land and allot village land (Shamlat) for the purpose of industrial development.
"The government must examine the legal feasibility of resuming land which has been previously allotted but not utilised by the industry," the report said.
The study has observed that land prices, particularly, along the Grand Truck road in Amritsar, Jalandhar and Ludhiana has become too costly to be viable for the industrial undertakings.
"Land prices have shot up so much as to seriously dent the prospective competitiveness of any industrial project in the state," it said.
It has also proposed that levy of development charges should not be so high that the viability of the industry is compromised upon.
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The matter assumes significance as land prices in Punjab have more than doubled in a span of two years, particularly in Mohali, Ludhiana, Amritsar and Jalandhar, according to Punjab Property and Colonisers Association.
Moreover, realty firm DLF has not been able to develop its SEZ project in Amritsar because of high prices, which is an example of halting of projects due to spiraling land prices in the state, industry experts pointed out.
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