This is an archive article published on July 2, 2015

UT unveils industrial policy

The policy will facilitate the transfer of industrial plots on leasehold to leasehold basis, for which transfer fee will be separately announced by the UT Estate Office before October this year.

4 min readChandigarhJul 2, 2015 01:09 AM IST First published on: Jul 2, 2015 at 01:09 AM IST
chandigarh industrial policy, industrial policy, ut administration industrial policy, ut industrial policy, ut industrial police unveiled, chandigarh industrial policy unveiled, chandigarh news, india news The policy has made it clear that there will not be additional increase in Floor Area Ratio (FAR).

The city’s first industrial policy, which was unveiled on Wednesday, speaks about the promotion, investment and development of information technology and its enabled industries in phases I and II of the industrial area along with the facility of industrial warehousing and automobile service stations.

The policy will facilitate the transfer of industrial plots on leasehold to leasehold basis, for which transfer fee will be separately announced by the UT Estate Office before October this year.

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However, the policy also lists a few constraints. For instance, the policy has made it clear that there will not be additional increase in Floor Area Ratio (FAR) allowing the above activities.

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