Realty gets boost under Haryana Chief Minister Khattar
The four-year report card of Haryana’s Manohar Lal Khattar-led Bharatiya Janata Party (BJP) government is marked by significant developments in housing, particularly affordable housing. But the pace of infrastructure development leaves much to be desired, reports IANS. Over the last…

The four-year report card of Haryana’s Manohar Lal Khattar-led Bharatiya Janata Party (BJP) government is marked by significant developments in housing, particularly affordable housing. But the pace of infrastructure development leaves much to be desired, reports IANS.

Over the last four years, the Haryana government, has undertaken a number of reforms in the real estate and housing sector, especially aimed at giving a big fillip to affordable housing. And the results are visible on the ground.

Thanks to these reformist policies, today Gurugram, which is Haryana’s show window for real estate development, has emerged as an affordable housing destination. Only a few years back, it was considered a hub of premier and luxury housing, beyond the reach of the masses.

In line with the Centre’s “Housing for All” mission, the Haryana government came up with a new policy allowing housing projects in a one to five acre area with a liberal floor area ratio (FAR) ranging between 250 and 275.

Under this policy, developers are exempted from paying any license fee and internal development charges. The New Integrated Licensing Policy (NILP) was also introduced, lowering the minimum land cap for large housing projects to boost the affordable housing stock.

The state government also liberalised the Affordable Housing Policy of 2013 drafted by erstwhile Congress government, making available 500 acres of additional land and increasing the sector-wise area from 10 to 15 acres.

The minimum area cap was reduced from five to four acres. The government is also credited with bringing the “Deen Dayal Jan Awas Yojana” — an Affordable Plotted Housing Policy for low and medium potential towns — to encourage development of high-density plotted colonies of five to 15 acres where small plots are made available through a liberal policy framework.

The simplification of Change of Land Use (CLU) norms and introduction of the concept of Transferable Development Rights (TDR), on the lines of Maharashtra, have also given a big push to housing by increasing the FAR.

(ends)

Related Articles

Related

Fargo Craigs List . Chat with singles

Meeting women in Fargo is really quite effortless. There are plenty of numerous areas you could go to meet very hot women, cougars, as well as alluring university girls. However, you do not need to waste your precious time just hanging out at the wrong places. Under...

read more

Milf Connections – Try Casual Dating

When people think of seniors, dating is growing rapidly not identified the first things that come to concentration. But if quantity of senior dating sites on the internet is any indication, it seems one isn't too old for romantic movie. Many seniors use online these...

read more

Oversupply of housing stocks a nightmare

If there is one factor that impedes the realty sector in India, it is the oversupply of residential properties. Says a report by India Infoline. While Ahmedabad and Hyderabad have a relatively comfortable inventory situation, major markets such as Mumbai, Gurugram,...

read more

0 Comments

Submit a Comment

Your email address will not be published.

Share This