Drastic cut in EDC, CLU charges by Punjab government

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Chandigarh, Jan 11: In a major relief to industry and small and medium investors in the real estate sector, the Punjab government has decided to reduce the External Development Charges (EDC) from Rs 53.51 lakh per acre to Rs 5.50 lakh per acre in free enterprise zone within periphery and in industrial zone of local planning area of the cities of Amritsar, Jalandhar, Ludhiana.

In the rest of the state there shall be no Change of Land Use (CLU) charges on industry and EDC has been reduced from Rs 30 lakh per acre to Rs one lakh per acre. Industry will also include warehousing, logistics and IT parks. This decision was taken in a meeting held here today under the chairmanship of Chief Minister Parkash Singh Badal.

It was also decided that EDC and CLU charges on petrol pumps and gas godowns be reduced from Rs 334 lakh to Rs 35 lakh per acre in periphery of cities and towns and from Rs 175 lakh per acre to Rs 21 lakh per acre in medium potential zones and from Rs 105 lakh to Rs 7 lakh in the low potential zones.

Petrol pumps and gas godowns shall no longer be required to obtain CLU certificates. The deputy commissioner have been authorised to give final NOC.

In a major relief to educational institutions, the meeting decided that CLU charges be reduced from Rs 42.70 lakh per acre to Rs 8.18 lakh per acre in the periphery zones and from Rs 38.50 lakh per acre to Rs 6.94 lakh per acre on the immediate outskirts of Municipal Corporation zones and from Rs 25.50 lakh per acre to Rs 1.79 lakh per acre in the rest of the state.

To encourage sports infrastructre in the state, the meeting decided to reduce CLU charges from Rs 57.84 lakh per acre to Rs 50,000 per acre. This decision has been taken to encourage the setting up of golf courses and stadiums into the state.

CLU charges for hospitals and hotels have been reduced from Rs 42.70 lakh per acre to Rs 15.85 lakh per acre in periphery zones of cities and from Rs 25.50 lakh per acre to Rs 3.33 lakh per acre in other parts of the state.

In a major step to attract investment and channelise land from unproductive use into productive hands, hospitals, institutions, film/media centres and hotels have been allowed upto 25 per cent of the industrial component of industry parks.

Residential colonies of less than ten acres, that had applied for CLU before July 16 last year shall be granted licenses, irrespective of size. In another major decision the government has given the go ahead for the construction of multiplexes in a minimum area of five acres. Previously the area for multiplexes was 10 acres.

UNI

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