The government has finally opened the gates for "planned and regulated" development along the 162-km Outer Ring Road by announcing a comprehensive master plan (CMP) for the corridor. The notification was issued by the urban development department here on Wednesday.
The CMP covers a one-km belt on either side of the corridor with a set of special development regulations that are intended to "promote planned growth and curb haphazard and ribbon development." The CMP is expected to give fresh impetus to economic activities along the stretch, one-of-its-kind in the country. The government cleared the plan after two years.The government is planning to announce special incentives to encourage major projects that would cater to a larger population and also provide better infrastructure, sources in the MAUD said. Special incentives will be offered to large integrated townships and educational institutions that come up on an area of up to 400 acres.
A special committee will soon be constituted to look into the development issues related to the corridor. A special unit is also being created for dealing with applications for permission to develop and undertake building construction in the corridor, the sources added. "We are working on a separate policy on the planning standards and public-private partnership models along the corridor," sources said. The government feels the CMP would boost development along the corridor besides encouraging construction activities. "All the hype near the corridor has so far only been speculative. But with the ring road work in full steam, the entire stretch will become a popular destination for investment," a senior official added.
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