Haryana’s New Policy Boosts Senior Living Developer Interest
NEW DELHI: Numerous developers are delving into senior living projects in Gurgaon, Faridabad, Panchkula, and various key markets in Haryana following an amendment by the state cabinet to the retirement housing policy. This change allows for an increase in permissible floor area ratio (FAR) to 3 via transferable development rights (TDR). This development empowers builders to create more units, thereby enhancing project viability. “This amendment is timely. In Gurugram, there’s a noticeable shift where families are viewing senior living as a conscious, planned choice rather than merely a fallback option,” stated Rishabh Periwal, Senior Vice President at Pioneer Urban Land…
