In a major policy decision, Ahmedabad Urban Development Authority (AUDA) on Wednesday decided on a zero deduction norm for plots up to 300 sq yards and 20 per deduction for those above 300 sq yards. Around 10,000 plots owners in Ghuma who were struggling to save their plots from AUDA decision of deducting land for the implementation of town planning schemes, can relax now.
AUDA had proposed flat 40 per cent deduction for all plots, subplots and open land in Ghuma for the development of three town planning (TP) schemes
AUDA had proposed flat 40 per cent deduction for all plots, subplots and open land in Ghuma for the development of three town planning (TP) schemes.
According to realty experts, this will save deduction of plots worth Rs 600 crore and the biggest beneficiaries will be middle and upper-middle class. There are around 45 plotting schemes and 9000 to 10,000 plots in these schemes.
At the board meeting, AUDA decided to submit the three town planning (TP) schemes of Ghuma to the government on June 25. Ghuma is spread over 21 lakh sq yards (ie, 700 hectares) of which 30 per cent falls under plotting schemes. The land price in Ghuma is floating between Rs 10,000 and Rs 15,000 a sq yard. An estimated conservative figure of the worth of the property comes to around Rs 1200 crore.
AUDA Chairman Dharmendra Shah confirmed the news and added, “The open land that has no plotting scheme will see 40 per cent deduction, as per the town planning Act. However, considering the practical problem the board has decided against carrying out deduction for plots below 300 sq yard. For plots above 300 sq yard there will be 20 per cent deduction.”
Shah further said, “AUDA will also help the builder as well as plot owners in re-plotting of the scheme so that there is no grievance later.
Realty experts are happy with the decision as this will allow many small time investors to save their hard earned money that they had put in for their children.
Hitesh Shah of Space Management Ltd told Mirror, “It is a remarkable decision as deduction of 40 per cent was out of proportion for the sub-plot owners who invested in these properties when there was no rule of town planning and land deduction.”
Agreeing with Shah, Gujarat Institute of Civil Engineers and Architects (GICEA) former president Prashant Shah said, “It is a welcome step by AUDA. We also suggest that AUDA try to convert internal roads of plotting schemes into TP roads. This will help the plot owners save some land in deduction.”
AUDA can also consider common plots under deduction which can help plot-owners save some portion of their plot, he said.
The development authority had received more than 5000 applications of objections and recommendations by plot owners from Ghuma. It had made public the deduction announcement on March 4 and gave 10 days (till March 14) to residents and owners to submit their objections and recommendations.
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