THE KARNATAKA TOWN AND COUNTRY PLANNING (FOURTH AMENDMENT) ACT, 2020 KARNATAKA ACT NO. 25 OF 2020 (First published in the Karnataka Gazette Extra-ordinary on the 19th day of October, 2020) (Received the assent of the Governor on the 16th day of October, 2020) An Act further to amend the Karnataka Town and Country Planning Act, 1961 (Karnataka Act 11 of 1963) and for matters connected therewith or incidental thereto; Whereas it is expedient further to amend the Karnataka Town and Country Planning Act, 1961 (Karnataka Act 11 of 1963) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the seventy first year of the Republic of India, as follows:- 1. Short title and commencement.- (1) This Act may be called the Karnataka Town and Country Planning (Fourth Amendment) Act, 2020. (2) It shall be deemed to have come into force with effect from the 31st day of July, 2020. 2. Insertion of new section 18-B.- After section 18-A of the Karnataka Town and Country Planning Act, 1961 (Karnataka Act 11 of 1963) (hereinafter referred to as the principal Act), the following shall be inserted, namely:- “18-B. Levy of premium charges for grant of Premium Floor Area Ratio.- (1) The Authority may grant permission for premium floor area ratio in the areas identified for the purpose in the Zonal regulations of the master plan. (2) Where an application is made for grant of permission for utilization of premium floor area ratio for the development of a building under section 15, the Authority may levy premium charges, at such rate, not less than fifty percent of the estimated increase in value of land and building as may be prescribed by the Government from time to time, for grant of premium floor area ratio, not exceeding the limits as specified in the zonal regulations of the master plan. Explanation: For the purpose of this section, “premium floor area ratio” means additional floor area ratio permitted over and above the ordinary permissible floor area ratio.” 3. Repeal and savings.- (1) The Karnataka Town and Country Planning (Second Amendment) Ordinance, 2020 (Karnataka Ordinance 16 of 2020) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under principal Act, as amended by this Act. |
