Section 4(i) in Approval of Periphery Policy Report and other Allied Matters
(i)Land use Conversion Charge - Periphery Development Fund. - As has been earlier observed, any optimal development of the Periphery has necessarily to be accompanied by considerable State-led investment in urban infrastructure. Similarly, the existing urban and rural settlements must also become beneficiaries in any resource-raising that might be leveraged through a system of granting land use change permissions. It would be neither fair nor just to burden the State exchequer alone with the responsibility of funding such development works, without any concomitant additional resource mobilization. On the other hand, ignoring this aspect at the policy formulation stage would result in irretrievably losing the best opportunity for providing supporting infrastructure at optimal cost.
