After the Noida
Authority’s announcement that owners of institutional plots could sell portions
of their land for residential use
earlier this month, city-based industrialists have demanded that residential
plots within sectors of industrial units be reserved for them.
The Authority
had taken the decision to help increase housing projects in the region.
In a letter
addressed to Authority chairman Rama Raman, the Noida Entrepreneurs’
Association (NEA) mentioned that the establishment of Noida was primarily meant
to encourage industries. For the purpose, industrialists had been promised
residential plots. “But even after so many years, the promise remains
unfulfilled. We demand that the Authority roll out a scheme to reserve
residential plots for industrialists at the earliest,” said Vipin Malhan
president NEA.
Malhan further
said that just like the Authority had recently sanctioned a percentage of land
in institutional plots to be converted into residential areas, it should issue similar increase in the FAR
(floor area ratio) of industrial units so that a certain percentage of land can
be used to provide residential property.
The NEA also
demanded that instead of allotting further plots to builders, the Noida
Authority should first launch a scheme wherein residential plots for
industrialists are reserved. ‘Until such a scheme is launched, we demand that
the Authority allow a certain percentage of industrial units to be converted
for residential use so that industrialists can carry out their business without
any hindrance,” said Malhan.
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