THIRUVANANTHAPURAM: The state government is mulling over relaxation of norms pertaining to land possession as part of its plan to attract big investments to the state.
As per the proposal, the area requirement for projects with an investment exceeding Rs 100 crore will be brought down from two hectares to one hectare. The relaxation has been mooted following a recommendation from Kerala state industrial development corporation (KSIDC).
Minister for local self-government K T Jaleel said the government was seriously considering introducing certain relaxations in building rules, which would bring in more investors to Kerala. “The builders have been demanding easing of norms on land possession with regard to investment projects exceeding Rs 100 crore. The KSIDC and the town planning department are working on it,” he said.
He added that the government was keen to follow the steps taken by some other states with an eye on attracting more investments in infrastructure development.
“Land availability is a major issue for undertaking investment projects over Rs 100 crore in the state. If the land requirement for such projects is reduced, it will help address certain key concerns. The proposal has been submitted,” said M Beena, managing director, KSIDC.
K Ramanan, chief town planner said the proposal, as of now, has been suggested for hospital projects. “As per the proposal, the required land for big hospital projects will be one hectare,” said Ramanan. Sources in the town planning department said the government might consider extending the easing of norms to other sectors as well.
The government accords sanction for large-scale investment projects based on the recommendation of a committtee comprising the principal secretary, LSG (chairman), the director of urban affairs, the chief town planner, the district officer (department of town and country planning) and the secretary of local-self government institution. The minister said the relaxation is being considered only for land requirement and that the other conditions will be retained.
Credits ET Realty