The Punjab government would soon notify a new policy for attracting investment in realty sector and the new policy would be in the public domain by December 15.Deputy Chief Minister Mr. Sukhbir Singh Badal was talking to media after laying the foundation stone of a 10 storey building here today that would be completed within 48 hours using latest factory fabricated technology. Mr. Badal said that Punjab was all set to become new investment destination as it was having the highest growth rate even when national economy was in doldrums. He said that the new policy of housing sector was aimed at making it hassle free for the investor, ensuring time bound clearances besides offering incentives in Floor Area Ratio etc. He said that Punjab would like to encourage high rise buildings besides ensuring convenience of the user. He said that we limited availability of land, the only answer was going vertical. Mr. Badal said that the new policy would incentivize high rise buildings.Announcing construction of 2 lac EWS houses within next 1 year, Mr. Badal said that the new building technology unveiled today could be used in such houses. Mr. Badal asked PUDA to study the suitability and economy of new technology for mass housing and submit a report in this regard.Earlier, Mr. Badal laid the foundation stone of the new 10 storey building that would be completed within 48 hours using factory fabricated technology.
Speaking on the occasion, Mr. Harpal Singh, MD of the company said that purpose of this sample building was to showcase new building technology that can expedite the construction work besides saving energy.Prominent amongst those who were present on the occasion included Mr. N.K. Sharma, Chief Parliamentary Secretary, Mr. S.S. Saini, DGP, Mr. Balwant Singh Ramoowalia, Ex-Union Minister and other senior leaders.