Every developer who makes provision for earmarking of land or floor area, as the case may be, for economically weaker sections and low income groups housing, shall be incentivized through a scheme of cross subsidization, which shall be such, as may be prescribed by the Government including land use concessions through conversion of part of residential use for commercial use, Higher Floor Space Index, Transferable Development Right, etc and/or higher prices charged from Higher Income Groups.
Section 18-C: Incentives to developers.
The Jammu and Kashmir Development Act, 1970Union territory Act of Jammu and Kashmir · Act 21 of 1970
Where this provision sits
| Act | The Jammu and Kashmir Development Act, 1970 |
|---|---|
| Section | 18-C |
| Marginal note | Incentives to developers. |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted, Act XII of 2012. Sections 18-A, 18-B, 18-C, 18-D and 18-E inserted by Act XII of 2012, s. 4.
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