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DTCP looking for applications to licence affordable housing projects

DTCP looking for applications to licence affordable housing projects

The department of town and country planning (DTCP) has geared up to receive applications for licensing the realty projects under the affordable housing policy. As per the resources, the DTCP had issued a notice on October 27 and had given one month to concerned developers, who are interested in developing affordable housing projects.

The Haryana government’s decision was followed by department to boost the area allocated for affordable projects to double of what was available earlier. The state government’s commendable efforts to ensure every single family has their dream home has lead the govt to increase the area available for affordable category from 15 to 30 acres in the month of August this year. As per government department’s rough estimate, approximately 1,500 acres of land would remain available for affordable housing in Manesar, which would make provision for additional 40,000 to 50,000 flats.

The government has also stated that real estate developers whose applications were rejected previously would be considered again if the deficiencies are rectified. As per the Haryana government rules, a minimum of five acres of land can be allocated for the purpose of Haryana affordable housing licence and the apartment size is to be fixed between 28 square metres (330 sq ft) and 60 square metres (645 sq ft).

The Haryana government had launched affordable housing policy in 2013 to promote low-cost housing and ensure affordability of home to the lower-middle class. The price for saleability of plots for affordable housing projects was fixed at ₹4,000 per sq ft.

In the light of affordable housing projects, RS Bhath, district town planner, enforcement, had said “The affordable housing sector has been attracting lot of developers and this is the reason the state government has changed area norms. More houses in the affordable segment will give more option to buyers to purchase houses at a reasonable price. This is a positive move of the state government,”