Boost for UP builders in new land rule

Delhi/NCR
In a decision that will help real estate developers use agricultural land, the Uttar Pradesh government on August 29 cleared a decision to allow urban land fragmentation in the state. With this, real estate developers will now be allowed to convert pockets of agricultural land for residential or industrial use.

The decision to dilute the Zamindari Abolition and Land Reforms Act goes against an earlier diktat by the SP government in which officials of the revenue board and urban development department were directed to disallow the rampant acquisition of fertile agricultural land by the builder and developer lobby.

According to the existing norms, the urban land fragmentation must be done in keeping with the zonal master plans for a region and not on a short-term basis. August 29′s urban land fragmentation clause, however, makes an exception to this rule. Under this clause, developers will now be able to buy partial pockets of fertile land from farmers, submit their proposals to, and get approvals for their blueprints from the zila panchayat.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/boost-for-up-builders-in-new-land-rule/75113.html