State Act
62-C
Section 62-C. Incentives to Developers.
THE JAMMU AND KASHMIR MUNICIPAL ACT, 2000
In forceJammu and Kashmir (State Act)
62-C. Incentives to Developers. 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.