Karnataka cabinet approves withdrawal of Premium FAR Bill amid concerns over TDR and urban planning

2 hours ago 1

Karnataka Chief Minister Siddarama. (File Photo)

The Karnataka Cabinet Thursday approved the withdrawal of the Karnataka Town and Country Planning (Amendment) Bill, 2024, which projected the instauration of the Premium Floor Area Ratio (FAR). The determination comes aft Governor Thaawarchand Gehlot returned the Bill, seeking clarifications connected ineligible aspects, peculiarly its imaginable interaction connected Transferable Development Rights (TDR) and municipality readying norms.

The Bill, which was passed successful some Houses of the legislature successful February 2024, aimed to let developers to acquisition further FAR of up to 60 per cent implicit the permissible bounds based connected roadworthy width, with the gross benefiting the Bruhat Bengaluru Mahanagara Palike (BBMP). However, municipality planners and stakeholders raised concerns that Premium FAR could undermine the TDR system, beforehand haphazard growth, and contradict transit-oriented improvement (TOD) policies.

The authorities was reportedly hopeful astir the Bill’s gross potential, arsenic developers would person had to bargain Premium FAR straight from the civic assemblage based connected the guidance worth of the property. However, the Governor raised concerns that this proviso would interaction landowners compensated with TDR for onshore mislaid to nationalist projects. Under the existent system, developers looking to transcend their allowable FAR indispensable bargain TDR from the unfastened market, benefiting landowners who person fixed up onshore for infrastructure projects. The instauration of Premium FAR would person created an alternative, perchance devaluing TDR and making it harder for landowners to monetize their compensation, according to authorities sources.

Additionally, municipality planners and mobility experts opposed the Bill, informing that it could pb to unplanned densification successful areas without capable infrastructure. The Bangalore Metro Rail Corporation Ltd (BMRCL) and different agencies person been advocating for Transit-Oriented Development (TOD), which concentrates higher FAR allowances on metro corridors to guarantee planned densification. The Comprehensive Mobility Plan (CMP), which aligns with this approach, allows FAR up to 5 adjacent metro stations to beforehand sustainable municipality growth. However, Premium FAR, critics argued, would alteration excessive operation adjacent successful areas with constrictive roads.

Pointing retired that further operation owed to further FAR whitethorn effect successful congestion connected smaller roads, BJP MLA K S Naveen had argued, “This volition summation strain connected Bengaluru’s infrastructure and hence the authorities should walk the Bill lone aft elaborate deliberation by a reappraisal committee.”

The statement implicit Premium FAR vs TDR has persisted for years. In 2021, the erstwhile BJP authorities had introduced a akin Bill, which was besides not approved by the Governor. The existent Congress authorities reintroduced the Bill with modifications, but faced akin objections. Despite BBMP’s statement that Premium FAR could see a mandatory TDR component, the Governor did not judge the proposal, starring to the Bill’s withdrawal.

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article