Haryana Government announced New Integrated Licensing Policy 2015
NILP 2015 enables small landowners to voluntarily monetise their land by participating in the process of licencing, real estate development, marketing & sale of their transferable development rights.
Haryana Chief Minister Manohar Lal Khattar on 23 October 2015 announced the launch of New Integrated Licensing Policy (NILP) 2015 for development of Hyper and High Potential Urban Complexes (HHPUC).
These HHPUC will be created in Gurgaon-Manesar, Faridabad-Ballabhgarh, Sohna, Sonepat-Kundli, Panipat and Panchkula-Kalka-Pinjore.
The NILP 2015 policy brings in internationally acclaimed models of Transferable Development Rights (TDR), coupled with unique provisions that prevent the need for the government to resort to compulsory acquisition of land.
Features of New Integrated Licensing Policy (NILP) 2015
• It enables small landowners to voluntarily monetise their land by participating in the process of licencing, real estate development, marketing and sale of their transferable development rights.
• Now builders, who want to use farmers' land for their projects, will have to sign transferable development rights (TDR) agreement.
• TDR agreements will ensure that farmer or landowners get the market price from the builder for their land. The government will be a facilitator as the custodian of farmers' interests.
• The TDR certificate will be valid for two years from the date of issuance.
• The policy will allow real estate developers to set up projects at less than an area of 100 acres. Bringing down the area norms for establishing a colony from 100 acres to 25 acres, the policy provides for a global Floor Area Ratio (FAR) between 1.0 to 1.25 for colony size of 25 acres to 50 acres and above 50 acres, respectively.
• These builders can respectively raise their FAR utilisation to 1.25 (for colonies up to 50 acres) and 1.50 (for colonies more than 50 acres) by purchasing the TDRs of the land owners.
• The land owners will have complete freedom in selling the FAR to any builder in a large planning unit.
• Each farmer will be eligible to sell his TDR certificate equivalent to 1 FAR for his land at market rates.
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