Land for group housing societies at reserve prices to employees in Punjab

The Punjab cabinet Wednesday approved the allotment of land by improvement trusts and urban local bodies for employees' cooperative group housing societies at reserve prices.

The cabinet meeting, chaired here by Chief Minister Amarinder Singh, also gave its nod to reserve three per cent of residential plots for the allotment of land to government employees by these bodies.

A long-pending demand of the employees has been fulfilled with the decision, an official release said.

The scheme would be soon notified with complete details by the state government for allotment of one acre of land to a group of 40 employees on the lines of Maharashtra.

The three per cent reservation would be provided to the employees of the state government, besides its boards, corporations, Punjab & Haryana High Court, officials of the institutions working under Cooperation Department of the state government like Markfed, Milkfed, Punjab State Cooperative Bank, Housefed and universities funded by the Punjab .