Govt plans amnesty scheme for defaulting plot house owners | Chandigarh Information

The main beneficiaries embody residential plot house owners, IT trade gamers, hospital house owners, and mall builders who haven’t accomplished building throughout the stipulated time. These house owners have been going through the chance of plot resumption by the authorities.

City growth authorities—together with the Better Mohali Space Improvement Authority, Better Ludhiana Space Improvement Authority, Patiala Improvement Authority, Bathinda Improvement Authority, Amritsar Improvement Authority, and Jalandhar Improvement Authority—had allotted plots on instalments. Many allottees didn’t pay their dues and now threat dropping their plots until they clear excellent funds, together with curiosity and penalties.

“The default quantity is round Rs 2,000 crore. We’ll waive the penal curiosity if house owners go for the amnesty scheme, permitting us to get better the pending dues,” stated a authorities official.

For house owners of business and industrial plots who’ve been unable to finish their initiatives throughout the stipulated time, the scheme presents an extension of three years upon cost of two.5 per cent of the plot’s price worth. “In any other case, they have been going through resumption of plots by the housing division,” stated an official.

Equally, residential plot house owners who haven’t constructed homes throughout the mandated three-year interval will obtain a 50 per cent waiver on the non-construction charge, which compounds yearly.

If applied, the amnesty scheme won’t solely present reduction to defaulters but additionally assist the federal government get better pending dues. “It stays to be seen what number of will avail of this scheme,” an official stated.