LUCKNOW: The state government has approved the housing department to proceed with the UP redevelopment policy. This initiative is designed to unlock key land parcels in urban areas, providing a framework for housing development authorities to process applications from private entities interested in redeveloping properties.
Officials noted that numerous houses and buildings in prime locations remain underutilized due to factors like disputes, poverty, resource shortages, and decay. In many instances, tenants are left residing in dilapidated structures that urgently need repairs and upgrades.
Private developers will have the opportunity to consult with stakeholders engaged in the redevelopment process to collaboratively create solutions. Proposals from these parties will be presented to the authority officials, who will carefully assess all aspects before approving the project.
In a related move, the housing and urban planning department has been authorized to revise development fees. The goal is to rationalize the fee structure to encourage urbanization and foster increased density within the city core. Furthermore, developments on the outskirts will become more affordable for local residents.
