Niti Aayog proposes relaxation of building bye-laws
Real Estate

Niti Aayog proposes relaxation of building bye-laws

Niti Aayog has proposed relaxation of building bye-laws to spur the availability of land and direct benefit transfer schemes such as rental housing vouchers for economically weaker sections as it strives to tap the economic potential of all cities, big or small, via planned urbanisation.

Niti Aayog suggests developing a comprehensive economic vision for a long-term horizon (10–15 years), setting up a city economic council, and creating a promotion and marketing budget for cities.

As India transitions from being a rural to an urban society, the focus must be on harnessing the economic potential of all cities, large and small, including the Tier 2 and 3 cities. This needs that cities be managed appropriately, the Aayog said in its report, Cities as Engines of Growth, jointly designed with the Asian Development Bank (ADB).

India is already the second-largest urban community in the world, and the country is likely to add another 416 million people to its cities by 2050, which will take the urban share of the population to 50%. Around 460 million resided in Indian cities in 2018 against 109 million in 1970, as per the report.

Create differentiated incentive policies to draw investments in smaller and underdeveloped cities and a city-level single window facility for service sector industries based within natural city boundaries, the report said.

Further, it has proposed the adoption of an integrative regional approach to planning by determining the larger urban area with resilient infrastructure and by planning the city and commuting areas together.

Create a capital investment plan to determine projects and schemes that are economically self-sustaining, and preferably revenue-generating.

Further, it has offered the digitisation of land records systems and integration of institutions of registration, revenue, and survey operations at the state level to coordinate land records data.

Explore alternative models for land acquisition and assembly and relaxation of building bye-laws that may be constraining the land supply.

The report has also proposed enhancing the current economically weaker section or low-income group housing stock via incremental in-site up-gradation and investigating alternate models for providing rental housing near work centres.

Image Source

Also read: NITI Aayog's report lauds 3 state ULBs in solid waste management

Niti Aayog has proposed relaxation of building bye-laws to spur the availability of land and direct benefit transfer schemes such as rental housing vouchers for economically weaker sections as it strives to tap the economic potential of all cities, big or small, via planned urbanisation. Niti Aayog suggests developing a comprehensive economic vision for a long-term horizon (10–15 years), setting up a city economic council, and creating a promotion and marketing budget for cities. As India transitions from being a rural to an urban society, the focus must be on harnessing the economic potential of all cities, large and small, including the Tier 2 and 3 cities. This needs that cities be managed appropriately, the Aayog said in its report, Cities as Engines of Growth, jointly designed with the Asian Development Bank (ADB). India is already the second-largest urban community in the world, and the country is likely to add another 416 million people to its cities by 2050, which will take the urban share of the population to 50%. Around 460 million resided in Indian cities in 2018 against 109 million in 1970, as per the report. Create differentiated incentive policies to draw investments in smaller and underdeveloped cities and a city-level single window facility for service sector industries based within natural city boundaries, the report said. Further, it has proposed the adoption of an integrative regional approach to planning by determining the larger urban area with resilient infrastructure and by planning the city and commuting areas together. Create a capital investment plan to determine projects and schemes that are economically self-sustaining, and preferably revenue-generating. Further, it has offered the digitisation of land records systems and integration of institutions of registration, revenue, and survey operations at the state level to coordinate land records data. Explore alternative models for land acquisition and assembly and relaxation of building bye-laws that may be constraining the land supply. The report has also proposed enhancing the current economically weaker section or low-income group housing stock via incremental in-site up-gradation and investigating alternate models for providing rental housing near work centres. Image Source Also read: NITI Aayog's report lauds 3 state ULBs in solid waste management

Next Story
Infrastructure Energy

Greaves Electric Mobility Files for IPO

Electric-vehicle manufacturer Greaves Electric Mobility has announced plans to raise Rs 10 billion through an initial public offering (IPO), as stated in its draft papers filed. The company, recognised for its 'Ampere' brand of electric scooters, also produces three-wheelers under a separate brand. Greaves Electric’s major shareholders, Greaves Cotton—a publicly listed entity—and investment firm Abdul Latif Jameel Green Mobility Solutions, will collectively sell approximately 189.4 million shares through the IPO. This move positions Greaves Electric alongside larger competitor Ather En..

Next Story
Infrastructure Energy

IREDA Approves Rs 30 Billion for Odisha's Renewable Energy Projects

Indian Renewable Energy Development Agency (IREDA) has approved funding exceeding Rs 30 billion for renewable energy projects in Odisha as the state strives to achieve its goal of 10 GW capacity by 2030. Pradip Kumar Das, Chairman and Managing Director of IREDA, shared this update during the Odisha Solar Investor Conclave organised by GRIDCO. He emphasised that accessible financing is crucial to fostering the adoption of renewable energy. Das outlined IREDA's significant contributions to funding renewable energy projects in Odisha, spanning sectors such as solar, hydro, ethanol, and renewable..

Next Story
Infrastructure Energy

Oil Prices Rise Amid Light Pre-Christmas Trading

Oil prices edged higher during light trading ahead of the Christmas Day holiday. The increase was attributed to positive US economic data and growing oil demand in India, the third-largest importer of oil globally. Brent crude futures rose by 33 cents, or 0.45 per cent, to reach $72.95 per barrel, while US West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42 per cent, settling at $69.53 per barrel as of 0114 GMT. Economic indicators in the United States highlighted a surge in new orders for key manufactured capital goods in November, driven by robust demand for machinery. Add..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000