Amendment status not verified — confirm the current text below against the official source.
Sections 18-A, 18-B, 18-C, 18-D and 18-E inserted by Act XII of 2012, s. 4. 302 DEVELOPMENT ACT, 1970 higher as may be prescribed by the Government. (5) In all residential buildings with total plot area above 1000 square meter, not less than ten per cent of the floor area shall be reserved for economically weaker sections and low income groups by way of flats : Provided that where the total plot area is between 500 square meters and 1000 square meters, either floor area may be reserved for economically weaker sections and low income groups or shelter fee may be collected. (6) All residential buildings with plot area below 500 square meters may be exempted from reservation of floor area as well as payment of shelter fee. (7) The size of the unit reserved under sub-section (5) for economically weaker sections and low income groups shall not be less than 25 square meters of carpet area or higher, as prescribed by the Government. (8) The earmarking in sub-sections (1) and (5) shall be such that a minimum of 20 per cent of developed land or 20 per cent of floor space index in all land development or housing projects both by public and private agencies is reserved for the economically weaker sections and low income groups category taking into account the reservation at area plan or layout approval stage or group housing approval stages together. 18-B. Identification of Eligible Persons and Determination of cost of land or houses.––(1) A Government Department or agency of the Government, as may be prescribed, shall maintain an inventory of all the plots or houses, as the case may be, reserved for the economically weaker sections and the low income groups and ensure its protection from encroachment. (2) For the allotment of plots or houses to the economically weaker sections and the low income groups, the procedure for the selection of eligible persons and the determination of the cost of such plots or houses shall be such as may be prescribed by the Government. 18-C. Incentives to Developers.––Every developer who makes provision for earmarking of land or floor area, as the case may be, for economically weaker sections and low income groups housing, shall be incentivized through a scheme of cross- subsidization, which shall be such, as may be prescribed by the Government including land use concessions through conversion of part of residential use for commercial use, Higher Floor Space Index, Transferable Development Right, etc and/or higher prices charged from Higher Income Groups. 18-D. Non-residential Development.––The Government shall consider levy of suitable fee like Impact fee on all non-residential land development and buildings DEVELOPMENT ACT, 1970 303 above 1000 square meters to generate resources for the shelter fund which may be used for provision of land, housing, basic service, etc. to the urban poor. 18-E. Utilization of Shelter Fee.––The shelter fee collected shall be maintained in a separate account and will be utilized as per guidelines for the acquisition of land, development of land and construction of houses and in such other ways so as to provide for housing to economically weaker sections and low income groups]. CHAPTER VII FINANCE, ACCOUNTS AND AUDIT