To boost the development of special townships, the Centre has already permitted 100 per cent foreign direct investment (FDI) in the sector while the state housing policy has granted sops to projects in such areas like automatic non-agriculture permission, stamp duty and development charge concessions, and floating FSI. The development of basic infrastructure and amenities are an integral part of such projects.
Townships will be like cities but will have 50 per cent open space. They will be self-contained, with even their own sewage treatment plants (STP).The pending applications would receive locational clearance by July-end but added that applications with deficiencies would be cleared later.There are more land parcels available in Pune.The condition that over 100 acres of land would be required for a township puts Mumbai at a disadvantage.
Satellite townships will increase the supply of housing stock. Once the Mumbai Trans-Harbour Link (MTHL), aimed at connecting Sewri in Mumbai with Nhava across the creek comes up, it will promote satellite townships in areas like Panvel and Nhava Shewa due to better connectivity. Deshmukh sought a further hike in FSI for such townships.
Satish Magar, managing director of Magarpatta City in Pune’s Hadapsar area which was set up before the policy was formulated in 2006, said that the city is witnessing a rise in demand for housing due to the growth of the information technology (IT), education and industrial sectors. “It was Magarpatta City that started the walk to work concept,” observed Magar, who has also launched Nanded City on the outskirts of Pune.
He pointed out that schools, infrastructure and a secure environment are the attractions of a township. The increase in the FSI to one would also enable optimum utilisation of land, he said.
Cleared so far in Pune