National

Haryana reopens licence window for group housing in Gurugram

Our Bureau New Delhi | Updated on October 26, 2018 Published on October 26, 2018

Any sector in Gurugram can only have 15 per cent of group houses   -  By Special Arrangement

CM says window to remain open for 60 days; developers relieved

Real estate companies developing group houses in Gurugram have a cause for cheer as the Haryana government has reopened a licence window for this segment.

This window will be open for 60 days, Haryana Chief Minister Manohar Lal Khattar said.

First come, first served

Earlier, the licence was given on a ‘first come, first served’ basis.

“We have resolved issues between developers and consumers. Haryana is the only State that has two RERA authorities, out of which one is exclusively for Gurugram. We have regularised 628 big and small colonies.

This has been done at nominal rates by levying a charge of only 5 per cent of the collector rate,” Khattar said at the Rising Haryana: Affordable Housing and HaRERA Summit organised by Naredco.

Any sector in Gurugram can only have 15 per cent of group housesand 4 per cent can be utilised for commercial purposes. Remaining 81 per cent is for plot development.

Khattar also announced the upcoming five new big cities near the KMP Expressway.

New cities

Each city will be planned on a minimum area of 5,000 hectares and will be connected to all expressways. This way, an area of 25,000 hectare is slated to be developed in the near future, he added.

It is the first time we got policies that were beneficial to buyers as well as builders. Till now, housing was the prerogative of rich people. The pace of infrastructure in the last 5 years in Gurugram has been exceptional,” said Praveen Jain, President, Naredco Haryana.

Published on October 26, 2018
This article is closed for comments.
Please Email the Editor