Punjab Government has decided to frame a policy for mega projects so that they provide houses to the public at affordable rates.
The decision in this regard was taken after thoroughly studying the pattern of mega projects and keeping in view the hardships faced by the real estate developers.
"The sole aim of the new policy is to provide houses to the public at affordable prices. Policy would incorporate provisions like maximum permissible area for group housing in a project where group housing is proposed as part of plotted development and would not exceed 20 per cent of the total area of the project," an official spokesperson of the Department of Town and Country Planning said.
He added this condition would not be applicable to the area of the project which falls in the mixed land use zone of the master plan, that is, if more than 20 per cent area of the project falls within mixed land use zone, the promoter could use the entire area under mixed land use zone as group housing.
In case, the promoter proposes more than 20 per cent area of the project under group housing, the entire additional area would be counted as saleable area of the total project, he added.