Gujarat Unveils New Policy for Township Projects After 16 Years
Representative image created by AI GANDHINAGAR: Gujarat is reexamining its urban housing strategy. As part of its Urban Development Year initiative, the state government is crafting a new township policy aimed at fostering organized and affordable housing throughout its cities. The previous policy from 2009 struggled to take off due to various implementation issues. The updated version aims to provide incentives such as eased floor space index (FSI), tax reductions, and improved alignment with urban development plans. Sixteen years after launching the 2009 Residential Township Policy, the government plans to entice real estate developers to create large-scale, self-sufficient townships. Senior…