1/11/2019
Builders in Gurugram: Builders in Gurugram yet to receive licences for affordable housing projects, Real Estate News, ET RealEstate
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Builders in Gurugram yet to receive licences for affordable housing projects DTCP had launched the scheme on land totalling 1,650 acres in the two cities, targeting three lakh a ordable housing units. Rao Jaswant Singh | TNN | January 10, 2019, 13:30 IST Share 4
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GURUGRAM: None of the 60-odd developers, who had applied to build a ordable housing projects in Gurugram and Manesar under DTCP’s (department of town and country planning) scheme, have received licences for these projects till date. DTCP had launched the scheme on land totalling 1,650 acres in the two cities, targeting three lakh a ordable housing units. City developers believe there is a demand for a ordable housing, and an increase in supply will attract buyers, reviving the moribund real estate sector. Accordingly, they sought the state government’s support, and single-window clearance to speed up the process. Haryana amended its A ordable Housing Policy 2013 in October 2017, to extend an
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Builders in Gurugram: Builders in Gurugram yet to receive licences for affordable housing projects, Real Estate News, ET RealEstate
existing cap of 300 acre for a ordable housing projects in Gurugram district to 1,935 News In Focus IndustrySpeak City Data & Analytics acre. Residential
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Based on the earlier cap, DTCP had already issued a ordable housing licen-ces on 300 acre, on which around 46,000 units are being constructed in several sec-tors along the Northern Peripheral Road (NPR), also known as Dwarka Expressway, and Southern Peripheral Road (SPR).
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Surender Singh, director of GLS Group, one of the developers interested in the scheme, said he was hopeful around 2,000 a ordable homes could be handed over in the next two years itself, but added that delay in issuing licences will spell doom for the real estate sector. He said the government should approve licences quickly, so that it increases supply of a ordable housing and competition among developers. Naveen Agarwal of Pivotal Group said, “Quick approvals will benefit buyers, as they will have more choice.” He added that for large sections of the salaried middle-class, who are unable to buy a home, a ordable housing o ers options. Navin Raheja said the state government should hasten infrastructure development in new sectors. “The government should help developers to contain the cost of a ordable homes by reducing approval time,” he added.
When approached for a comment, DTCP director general K M Pandurang promised to look into the matter. Initially, Gurugram district was divided into three zones — Gurugram, Sohna and Gwalpahari — each with their own development plan, with 300 acre between them for a ordable housing. In January 2018, the development plans were amended to extend a ordable housing to 1,650 acre in Gurugram-Manesar, 15 acre in Gwalpahari and 270 acre in Sohna. Eventually, sectors 1-115 of Gurugram are expected to house around 2.97 lakh a ordable flats, with a further 48,600 in Sohna and 2,700 in Gwalpahari. https://realty.economictimes.indiatimes.com/news/residential/builders-in-gurugram-yet-to-receive-licences-for-affordable-housing-projects/67469493
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Builders in Gurugram: Builders in Gurugram yet to receive licences for affordable housing projects, Real Estate News, ET RealEstate
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