New real estate licensing policy to help Haryana generate up to Rs 1 lakh crore: Abhimanyu, Minister

The new integrated licensing policy (NILP) of the Haryana government is likely to generate direct and indirect revenues worth Rs 50,000 crore to Rs one lakh crore for the state exchequer in about next two years, commerce and industry minister Abhimanyu said today.

“This new integrated licensing policy has the potential to generate Rs 50,000 crore to Rs 1,00,000 crore of direct and indirect revenues and earnings for the government in just couple of years,” the minister said at a conference on ‘Ease of Doing Business’ in Gurgaon – jointly organized by Assocham and Gurgaon Chamber of Commerce and Industry (GCCI).

“The new integrated licensing policy in real estate sector is revolutionary, it will unleash next level of reforms in real estate regulatory framework in Haryana. With this licensing is going to be very easy and smooth,” he said.

The minister also said that there was a need to promote healthcare, education and entertainment sectors in the city.

“Gurgaon can be developed as ‘Lifestyle destination of India,’ this is what all stakeholders including the industry leaders and general public should yearn for. Gurgaon can be developed as a hub for medical tourism on the lines of Singapore, Thailand and Philippines,” Abhimanyu said.

With a view to push ease of doing business in the state, the government is looking to give approvals, clearances and sanctions on various fronts through online mode, he added.

“We want to create an environment where we do not have to deal with anything offline at all, we want to avoid human interaction as much as possible so that everything works smoothly,” he further said.

Abhimanyu said, “We are also working on creating a state resident database, which would be a demographic and geographic database, once we do this we believe that every inch of space has an opportunity for entrepreneurship and every individual in his own capacity has tremendous potential to be an entrepreneur. We have to make Haryana as the land of entrepreneurs.”

The minister said that till recently the IT preparedness of the state was at an abysmally low level of less than 74 per cent of UIDAI registration which has shot up to 95 per cent in the past 13 months.

“We were shocked to know that whole functioning of the excise and taxation department was not at all computerized, forget about the assessments, the registrations, issuance of C-forms, refunds and so many more things. In the last six months, we have issued more than 300,000 C-forms after we have gone online,” Abhimanyu said.

Talking about the state’s Enterprise Promotion Policy, the minister said that people have now forgotten the era of ‘policy paralysis’ as the new regime has taken a slew of measures in the last 18 months.

Source: ETRealty.Com

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One comment on “New real estate licensing policy to help Haryana generate up to Rs 1 lakh crore: Abhimanyu, Minister

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