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Rajasthan government eyes Rs 50 crore revenue via land use change, Real Estate News, ET RealEstate

Rajasthan government eyes Rs 50 crore revenue via land use change, Real Estate News, ET RealEstate
JAIPUR: By changing the land use and issuing commercial lease deeds under the Gopalpura bypass special development plan, the state government intends to earn a revenue of approximately Rs 50 crore.

As per the survey, there are 213 available plots on the commercial land measuring a 42,600 square metre area. The land use rate and commercial lease deed calculation are based on 40% of the reserve price of the zone.

The proposal reads, “While almost all the plots are commercial in nature, only few has paid for the commercial lease deeds. Therefore, there is clear loss of revenue to the development authority.”

The civic body has decided to initiate the pilot project between Tonk Road and Gujjar Ki Thadi as there is commercial land-use corridor of 72 m on both the sides of the roads as per the master plan.

Apart from this, the department has also incorporated parking provisions to earn revenue. “Car parking will be provided on all plots. parking has to be on existing plots, if a car parking is not provided, a fine of Rs 1 lakh per ECU has to be paid,” said an official.

An official said, an ECU is the parking space which has to be provided in a building, based on its built-up space (floor area), for parking vehicles, including car, scooter, light vehicles, etc. Currently,1 ECS per 75 sqm of built-up area is the norm for commercial buildings.

The common parking will also be a revenue stream for the civic body with users charged Rs 5 per hour for two-wheelers and Rs10 per hour for four-wheelers. “The civic body can earn a revenue of 7,15,000 per month from this stretch after imposing parking charges.” Under the project, the JDA proposes to provide common parking for 950 equivalent car unit (ECU) in the development corridor.

It is estimated, total parking required including visitors will be 1,420 ECU. The extra parking spaces will be fulfilled after development of parking on commercial plots.

The proposal reads, “There are 213 commercial plots, having an approximately area of 42,600 square metre assuming the average plot size area is 200 square metre. The new commercial destination will have to provide 1 (ECU) for every 75 square metre of built-up. The total parking required including visitors will be 1420 ECU (1,136+ 25% visitors).


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