RESMA (Real Estate Studies and
Management Academy), successfully hosted the seminar on New Draft
"Gujarat Township Polciy" in association with GICEA ( Gujarat Institute
of Engineers and Architects) and FREDAG (Federation of Real Estate
Developers Association of Gujarat) on the 16th December, 2006. The one
day event had more than 350 participants with RESMA presenting a very
crucial analysis of the draft township policy of Gujarat.
Event Highlights & Downloads
nOn Friday, December 1, 2006, The Govt. of Gujarat declared its long awaited ÂTownship PolicyÂ.
nThe
policy is a draft  and govt. has sought opinions from the
Industry and Real estate in particular before finalizing.
qGujarat Govt. intends to facilitate the creation of ÂIntegrated Townships as
competitive Destinations in the State. Such townships to be designed,
in pre-defiend areas, to provide and all-round, harmonious environemnt
for Business, Civic and Social Amenities.
Policy Highlights
Eligibility
Category
Min. Land Area (Acres)
Min. Investment (Rs. Cr.)
Min. Employment (Nos.)
Technology Parks
100
80
7000
Education
200
160
2800
Health care.
150
120
2100
Tourism
25
20
350
Logistic
200
160
2800
Residential
100
80
NA
Enforcements
qGovt.
may include 10% of Land/Property to be mortgaged as Âsecurity for
conformity with Conditions and Norms and Compliance Rules.
qProperty may be released in proportion of progress and compliance.
qGovt. may consider other options, such as : Bank Guarantee or Charge in Revenue Records.
Procedures
qStage 1: Preliminary Project Approval
q
qDeveloper to submit the Project Request after securing land purchase agreements.
qThis Request must contain key information like Location, Type of Township, Use Mix, Techno-economic Facility, Marketing strategy, Facilitation required.
qStage 2: Final Project Approval
q
qDeveloper to submit the Final Report with all details. Rating Agencies Certificate must be a part of this final Report.
qStage 3 : Monitoring
q Rating Agency shall periodically review the Project progress.
qDeveloper shall submit Progress Report and Compliance Reports during implementation.
q
qStage 4: Completion of Capital Works
qDeveloper shall submit the Final Completion Report conforming with all Conditions, Norms and Standards.
q
qStage 5 : Continued Compliance Report
qDeveloper shall submit periodically.
Gujarat Township Policy Vs. SEZ Policy
Pick
Policy
Min
Land
Min.
Builtup
Min
Capital
EGS
Guj Township Policy
(Tech Parks)
100 Acres
---
80 Cr.
7000
SEZ ( IT/ITES)
Policy
25 Acres
1 Lakh Sq. Mts.
---
---
SEZ (sector Specific)
Policy
250 Acres
50 Acres
---
---
Guj Township Policy
(Education)
200 Acres
---
160 Cr.
2800
SEZ (multi-Service)
Policy
250 Acres
35%
---
---
Guj Township Policy
(Healthcare)
150 Acres
---
120 Cr.
2100
SEZ (Biotech/ Bio-fuel)
25 Acres
40,000 Sq. Mts.
----
----
Download the Draft Township Policy of Gujarat. CLICK HERE
To get Complete Presentation, Analysis and Report, kindly email us at info@resma.org
SEMINAR SCHEDULE
New Draft "Gujarat Township Polic"- An Analysis and opinions
16th December , 2006
Venue: Sports Club, Ahmedabad
Registration & Fellowship
Introductory session
Introduction and Felicitation of Speakers
Presentation by RESMA
An overview of Draft Township Policy
-Bhargav Desai, Director RESMA
Comparision of the township Policy wiht Other State's Policy and SEZ policy
