Bhopal: The State Cabinet here on Tuesday has granted approval to the Madhya Pradesh Real Estate Policy-2019 and Madhya Pradesh Electric Vehicle Policy-2019. This will facilitate in attracting investment in the state. Efforts have been made through digital technology to implement better coordination in beneficiaries’ works and to implement applicants’ friendly system. This will help in bringing clarity, transparency and accountability in the work.
Under the Madhya Pradesh Real Estate Policy-2019, provisions have been cut down for the citizens, colonizers, investors and all. Arrangement has been made to curtail provisions for immediate permission for small houses for citizens, cut down the provisions for Nuzul NOC, Coordination in the documents of Revenue, Town and Country Planning and Urban Bodies, return of excess land through land pulling, procedure for transparent decision for the old schemes, arrangement to release mortgaged property in phases, necessary arrangement has been made to make 5 documents essential by reducing 27 types of documents. Provisions such as one State one registration for colonizers, elimination of 2 hectares limit to prevent illegal colonization, permission in three phases for development and completion of the colony and exemption from the construction of EWS have been made. Similarly, for investors, many provisions in revenue like free F.A.R. on limit of area and to boost investors involved in construction of EWS/LIG have been made in the Real Estate Policy.
The Cabinet has granted an approval to the Madhya Pardesh Electric Vehicle Policy-2019. To strengthen urban public transport, to reduce increasing air pollution in cities and to promote non-petroleum products, provision has been made in the policy for charging, infrastructure development and exemption in manufacturing of electric vehicles and its components. Hundred percent exemption from motor vehicle tax and registration tax will be given on purchase of electric vehicles. There is also a provision for hunderd percent exemption from parking run under the urban bodies for the first five years. Along with this, new employment will be created by imparting training to engineers and technicians.
