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Some core points
One of the key proposals of the new National Urban Housing and Habitat Policy 2007 is the introduction of a requirement for setting apart 10 to 15 per cent of land in every new public/private housing project or 20 to 25 per cent of Floor Area Ratio (FAR) / Floor Space Index (FSI) for providing housing for the economically weaker sections and low-income groups through "appropriate legal stipulations and spatial incentives" to be introduced by the urban local bodies and deve
lopment authorities.
This proposal and also the mechanism of transferable development rights have also been cited in the context of development of transport infrastructure and the development of outer city zones.
The policy upholds the promotion of "optimal utilisation of land by innovative special incentives like relaxation of FAR.
When PropertyPlus sought his perception of this specific measure, George E. George, chairman of the Kerala Builders’ Forum, wondered how practical it would be to implement it in a State such as Kerala if and when it was officially enabled.
The situation in Kerala was that land was scarce, unlike in the Northern States where land was more freely available and there was better scope to take up large projects.
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