Haryana Government’s Department of Town and Country Planning on 21 August 2012 notified an affordable housing policy, 2013 to facilitate additional affordable houses in urban areas of the state. The policy would help to encourage planning and completion of Group Housing Projects. All such projects would be required to be completed within four years from the approval of the building plans or grant of environmental clearance whichever is earlier.
As per policy, the projects would be allowed in residential zones of notified development plans of various towns and cities. The license for such housing projects would be given on a first come first serve basis. Under the Policy, the size of apartments to be constructed will be in the range of 28sqm to 60 sqm carpet area.
The project is estimated to be completed within 4 years period from the date of approval. Through this policy, the state government plans to make available close to 1 25000 affordable dwelling units which have carpet area of approx. 500 sqft carpet area each in the urban centres of Haryana. It will benefit lower and lower-middle class population of approximately six lakhs in the urban centres of Haryana in the next five years period.
The State Government has offered several incentives to the private companies in the form of exemption from license fees and Infrastructure Development charges.
Who: Haryana Government
When: 21 August 2013