LAND will be seized from fat cat developers if they fail to build on it in time, under radical new powers to be unveiled tomorrow.
Councils will also be able to slap orders on firms to finish plots within two years, or lose their planning permission.
The housing white paper, published in Parliament today, will also;
propose tough new criteria on councils in high demand areas to calculate how many new homes they must build every five years
remind them they are now allowed to build on the green belt in “exceptional circumstances” that there is no room left in towns to fulfil new quotas
allow taller buildings to go up in towns, to see more ‘high density’ mansion blocks erected
introduce a £3bn new loan fund for smaller builders to give them a bigger share of the housing market