Land sales and house construction will increase in Kerala's cities

In a landmark move aimed at alleviating the pressures faced by urban homebuyers, the state government's recent decision marks a significant shift in housing policy. By introducing a front yard exemption, the administration is making strides to address the escalating cost of land and the challenges associated with urban homeownership. This policy change promises to transform the landscape for many prospective homeowners, particularly those navigating the complexities of acquiring small plots in densely populated areas. As the government reduces the required setback distance from the main road, the dream of owning a home in the heart of the city is becoming increasingly accessible.

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Table of Contents

• Government's New Decision Brings Relief to Urban Home Buyers
• Increased Interest in Urban Land Sales and Construction
• Policy Change Highlighted by Local Residents' Complaint
• Benefits for Homeowners with Small Plots
• Impact on Housing Prices
• Advice for Prospective Home Builders
• Long-term Benefits and Challenges
• Conclusion

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Government's New Decision Brings Relief to Urban Home Buyers

The recent decision by the state government brings much-needed relief to the common man. With the introduction of the front yard exemption, the long-cherished dream of owning a home in urban areas is becoming more attainable for many. The high cost of land in cities has always been a significant hurdle for those aspiring to purchase a small plot and build a modest home. However, the government's move to reduce the required setback distance from the main road is a welcome change, particularly for the average citizen.

Increased Interest in Urban Land Sales and Construction

Previously, selling small parcels of land in urban areas posed a challenge due to stringent regulations. However, with the new changes, there's expected to be an increase in interest among potential buyers, leading to more land sales and house construction in these regions. The government has decided to allow an exemption on the front yard for homes up to 100 square meters in size, situated on plots up to 2 cents in municipal and corporation areas. This exemption is available under certain conditions, particularly for families who do not own any other residential property.

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Policy Change Highlighted by Local Residents' Complaint

This decision was highlighted during the resolution of a complaint by Nagarajan and K. Maniyamma, residents of Nemam, who approached the Thiruvananthapuram Corporation Adalat. Minister M.B. Rajesh took the initiative to address their concern, leading to this significant policy change.

Benefits for Homeowners with Small Plots

The Minister emphasized that this amendment would benefit thousands of individuals who have built small homes on limited plots in urban areas but have yet to receive official house numbers. Previously, the setback from the road was set at 2 meters for larger plots and 1.8 meters for plots smaller than 3 cents. The Adalat has now decided to amend Rule 26(4) and 28(3) of the Building Regulations 2019 to allow for this much-needed exemption.

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Impact on Housing Prices

The introduction of the front yard exemption could have a significant impact on housing prices in Kerala's urban areas. As the demand for small plots of land increases due to the relaxed regulations, property prices in certain areas may experience a rise. This surge could be particularly noticeable in high-demand urban locations where land scarcity is already an issue. However, the ability to build on smaller plots might also lead to an increase in housing supply, which could help stabilize or moderate prices in the longer term.

Advice for Prospective Home Builders

For those planning to build a home in the near future, now is an opportune time to act before the market fully adjusts to this new regulation. With the likelihood of increased demand and potential price hikes, securing a plot of land and beginning construction sooner rather than later could be a wise move. Taking advantage of this policy change early on may provide significant cost savings and ensure that you can build the home you envision without facing higher competition and rising land costs.

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Long-term Benefits and Challenges

While the immediate benefits of this rule are clear, it's also important to consider the long-term implications. The increase in urban construction could lead to more densely populated areas, which may require further infrastructure development and urban planning adjustments. Balancing the need for affordable housing with sustainable urban growth will be a key challenge moving forward.

Conclusion:

The government's new decision heralds a positive change for urban homebuyers, offering relief from the high costs and stringent regulations that have long impeded property ownership. While the immediate benefits of reduced setback requirements are evident, paving the way for more affordable housing and increased land sales, it is crucial to remain mindful of the potential long-term challenges. As urban areas continue to evolve, balancing the influx of new construction with sustainable development practices will be essential. For prospective homeowners, acting swiftly to take advantage of this policy shift could yield significant advantages in securing a desirable property in an increasingly competitive market.

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