CHANDIGARH: The Haryana Cabinet has approved an amendment to the Affordable Housing Policy-2013, increasing the allotment rates for apartment units in affordable group housing projects by 10-12%.
During a meeting led by Chief Minister Nayab Singh Saini, the Cabinet authorized this amendment under section 9A of the Haryana Development and Regulation of Urban Areas Act, 1975, according to an official statement.
The allotment rates for apartment units are specified in Clause 5(i) of the Affordable Housing Policy-2013. These rates were first established in 2013, with revisions in 2021 and 2023.
The decision comes following requests from industry representatives, including the BRICS Chamber of Commerce and Industries, for a rate increase due to higher project costs, land prices, and labor expenses, which have strained developers’ ability to offer affordable units.
“After reviewing the representations, it’s deemed essential to adjust the allotment rates to promote affordable group housing projects for the intended beneficiaries. The rates for apartment units under AGH projects across Haryana will be increased on average by 10 to 12%,” the statement indicated.
In Gurugram, the maximum allotment rate per square foot will rise from Rs 5,000 to Rs 5,575. In Faridabad and Sohna, the new maximum rate will be Rs 5,450 per square foot, while other high and medium potential towns will see rates at Rs 5,050, and low potential towns will be set at Rs 4,250.
These revised rates will apply to all licenses granted under the Affordable Housing Policy-2013 that have not yet made allotments. For applications that have already been invited, a differential amount will be collected from successful candidates, but the draw will still proceed based on existing applications.
Applicants who choose not to participate in the draw under the new rates will receive a full refund of their application fees, with a public notice to be issued by the colonizer regarding this process.
Additionally, the Haryana cabinet granted approval for a policy concerning the use of land designated for mixed land use within various departmental plans state-wide.
The mixed land use zones in several development plans allow for residential, commercial, public, and semi-public as well as industrial uses. The absence of specified percentages for these uses in the plans has delayed permissions for various projects. The Cabinet’s new comprehensive policy aims to resolve these issues.
Under the new guidelines, residential, commercial, and institutional uses will be allowed in mixed land use zones without any percentage limitations relative to the net planned area of those zones.
