With immediate effect, the minimum built-up area requirements to be met by SEZ developers will be 100,000 square meters for the seven major cities, 50,000 square meters for Category B cities and only 25,000 square meters for the remaining cities.
Integrated townships are rather complex with lower FAR, more open areas and an emphasis on creating a sustainable living ecosystem with residential and commercial spaces supported by an infrastructure backbone of power, roads, water, drainage and sewage – a virtual living and breathing city.
The Rail Land Development Authority (RLDA) is the single-largest owners of lands in this country. In fact, it has approximately 43,000 hectares of vacant land under its purview – most of it in locations where there is a shortage of housing.
The idea of the Bill was to ensure that land owners get fair and timely compensation and also resettlement options. However, it would need further tweaking to ensure that there is no potential for land owners to drive up land prices in the bargain – which, in turn, would mean that the cost of the finished products also rises.