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The Thika Tenancy Bill, which permits the construction of multi-story buildings on leased or "Thika" property in Kolkata and Howrah, was approved by the West Bengal Government.
Generate online rental agreements by NoBrokerBuildings taller than 9.5 metres couldn't be constructed on these plots previously. The recently adopted regulations abolished the restriction and allowed "Thika" tenants to build buildings with up to five stories and an average floor area of 385 square feet a piece. The State's real estate industry gained from the action. In order to build more housing units, the State government attempted to release nearly 2,500 acres of land in Kolkata and Howrah.
What is Thika tenancy act?The Kolkata Municipal Corporation (KMC) wards 1 to 100, or the old parts of the city (apart from those near the EM Bypass, Garia, Tollygunge, and Behala), and 517 acres in Howrah, are divided up into land parcels under the Thika Tenancy Act.
Prior to this, the State had two plans for redevelopment, including Plan A, which gave the Thika tenant and the Bharatiya (sub-tenant) the freedom to independently develop the spaces under their tenancy in accordance with KMC building regulations. Plan B, on the other hand, focuses on the development of Kolkata's 12 largest slums, where residents lack the resources to construct their own homes.
Plan B has received official approval. The State will receive a sizable amount of open space from the vertical expansion, which it will use to construct parks and a community auditorium.
I hope this suffices your query regarding the Thika Tenancy act. I hope this helps:)
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What Is Thika Tenancy?
Tina
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2022-11-21T20:24:14+00:00 2022-11-21T20:24:16+00:00Comment
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