Real estate developers slam new regularisation policy

Tribune News Service

Jalandhar, April 24

With the Punjab government notifying the new regularisation policy for unauthorised colonies on Tuesday, the real estate developers in the city have given a lukewarm response to it.

While slamming the move, real estate developer Major Singh said the policy had not answered the basic confusion over the regularisation of illegal colonies.

“It stated that plots situated inside the illegal colonies will not be regularised. How can the people who have purchased these plots around twenty years back, track the colonizer?” said Singh.

He further added that the plot built up policy is also unreasonable as even the colonies of PUDA do not have even 50 per cent built up in a span of ten years.

The real estate developers have even slammed the government for raising the composite fee for compounding the unauthorised colony.

While the government has defined up to Rs 3 lakhs as composition fee for a colony developed more than 10 years ago, it has set a maximum of Rs 10 lakh for colonies that came up between four to 10 years.