The Union urban development ministry has formulated a
policy framework for transit oriented development, which promotes living in
proximity to mass urban transit corridors such as metros, monorail and bus
rapid transit corridors. The Centre is also holding a workshop on February 28
to brief the states and Union Territories on the 'National Transit Oriented
Development Policy'.
This new urban design & planning in the form of TOD
is being incentivised by the ministry under two more initiatives -Metro Policy
and Green Urban Mobility Scheme -which will be discussed with states and UTs
for taking them on board.
TOD has been mandatory under the new Metro Policy, while
it has been made an essential reform under the Green Urban Mobility Scheme, and
is put on priority for receiving central assistance. Though the Centre had
notified the TOD policy in early 2015, there was no clarity on the process for
various sanctions management of open spaces, parking space, water requirement,
etc.
States and UTs are required to incorporate TOD in the
master & development plans of cities besides identifying `influence zones'
from transit corridors for tapping revenue streams. Though all states are
drafting their own TOD policy, the new policy framework by the urban
development ministry is expected to provide basic guidelines for finalising it.
Development, or redevelopment, in a TOD zone will be incentivised by providing
significantly higher floor area ratio, which will enable vertical construction
that is required to address shortage of land availability. TOD also promotes
integration of land use planning with transportation and infrastructure
development to avoid long distance travel in cities through compact
development.
The policy will be financed by channelising a part of
rise in property values resulting from investments in transit corridors through
betterment levies & financing tools.
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