Maya's New Township Policy Hits Rroadblock
Despite attractive incentives such as exemption from stamp duty on the cost of land and a single-window clearance, the Uttar Pradesh government’s ambitious new township policy has hit a roadblock. With only five private developers showing interest in developing new townships in four cities in the state, the state government has decided to extend the last date for submitting proposals by a month, reports Financial Express. The last date for submitting proposals under the new township city scheme was earlier fixed at September 23. The proposals that have come so far are for the four cities of Lucknow, Agra, Saharanpur and Moradabad, the report added. According to the report, the open-ended new township policy had invited builders to develop new townships with modern amenities on an 1,000-acre area outside the purview of the local development authority with a minimum investment of Rs 1,000 crore. What was interesting about the scheme was that the state government had offered to acquire th