Source: http://timesofindia.indiatimes.com/city/chandigarh/Apartment-and-property-regularization-bill-gets-go-ahead/articleshow/38889216.cms
Apartment and property regularization bill gets go ahead
CHANDIGARH: Despite Congress legislators picking holes in the Punjab Apartment and Property Regularisation (Amendment) Bill, 2014, it was given the go-ahead in the assembly on Tuesday. It was pointed out that while the colonizer and builder remain at the helm of affairs, the Bill holds the promoter liable for most irregularities in the project. For instance, the promoter will be responsible for maintenance and upkeep of all roads, open spaces, public parks and public health services for a period of five years from the date of issuance of completion certificate or the date of transfer.
The opposition party also objected to the requirement for a project to be called a colony - it should have an area of not less than one thousand square meters divided or proposed to be divided by way of registered sale or through lease or transfer.
A promoter has been defined as owner of the land on which the colony is developed, a colonizer will be a person who develops the piece of land into a colony, whether or not with constructed structures. A section of the parts will be reserved for poor people as per the amendments. The promoter will reserve 5% of the gross project area in case of colony and 10% of the apartments in case of apartments as specified by the government for economically weaker sections.
Deputy chief minister Sukhbir Badal said the amended Bill will help in ensuring proper construction across Punjab as there were many grey areas in the existing law. "Apartments were not defined and this was creating problems. From now on, apartment building would mean a building constructed on any land, containing five or more apartments or two or more buildings with a total of five or more apartments or any existing building converted into five or more apartments."
Apartment and property regularization bill gets go ahead
CHANDIGARH: Despite Congress legislators picking holes in the Punjab Apartment and Property Regularisation (Amendment) Bill, 2014, it was given the go-ahead in the assembly on Tuesday. It was pointed out that while the colonizer and builder remain at the helm of affairs, the Bill holds the promoter liable for most irregularities in the project. For instance, the promoter will be responsible for maintenance and upkeep of all roads, open spaces, public parks and public health services for a period of five years from the date of issuance of completion certificate or the date of transfer.
The opposition party also objected to the requirement for a project to be called a colony - it should have an area of not less than one thousand square meters divided or proposed to be divided by way of registered sale or through lease or transfer.
A promoter has been defined as owner of the land on which the colony is developed, a colonizer will be a person who develops the piece of land into a colony, whether or not with constructed structures. A section of the parts will be reserved for poor people as per the amendments. The promoter will reserve 5% of the gross project area in case of colony and 10% of the apartments in case of apartments as specified by the government for economically weaker sections.
Deputy chief minister Sukhbir Badal said the amended Bill will help in ensuring proper construction across Punjab as there were many grey areas in the existing law. "Apartments were not defined and this was creating problems. From now on, apartment building would mean a building constructed on any land, containing five or more apartments or two or more buildings with a total of five or more apartments or any existing building converted into five or more apartments."
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