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      • Haryana Cabinet hikes affordable housing rates by 10–12% across state
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      Haryana Cabinet hikes affordable housing rates by 10–12% across state

      Affordable housing
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      The Government of Haryana has approved a 10–12% increase in allotment rates for flats under the Affordable Group Housing (AGH) Policy-2013, citing rising land, material and labour costs. The revised caps now stand at ₹5,575 per sq ft for Gurugram, ₹5,450 for Faridabad and Sohna, and lower rates for other towns based on development potential.

      The move aims to sustain developer interest and ensure continued supply of affordable housing, while also allowing flexibility for applicants, including refunds for those opting out under the revised pricing, according to a report by The Tribune.

      The rates of allotment of apartment units stand prescribed in Clause 5 of the Affordable Housing Policy-2013. These rates were approved in 2013 and revised in 2021 and 2023. The representations have been received for an increase in the allotment rates due to increased project costs, higher land costs and higher costs of other building material and labour, making it difficult for the developers to build affordable units.

      Representations have been received for an increase in the allotment rates due to increased project costs.

      The rates of allotment of apartment units stand prescribed in Clause 5 of the Affordable Housing Policy-2013. These rates were approved in 2013 and revised in 2021 and 2023. The representations have been received for an increase in the allotment rates due to increased project costs, higher land costs and higher costs of other building material and labour, making it difficult for the developers to build affordable units.

      The representation has been examined, and to extend the benefits of the AGH policy to the targeted beneficiaries, it is felt that the allotment rates may be increased, said the government spokesperson.

      The rates will be applicable to all licences granted under the 2013 policy, which are yet to make allotments. In cases where applications have already been invited, the differential amount shall be demanded from the successful candidates, but a draw shall be conducted on the basis of applications already received. In case an applicant is not interested to participate in the draw on revised rates, the amount already deposited with the application shall be refunded without any deduction, and a public notice in this regard shall be issued by the developer.

      The Cabinet has also approved the policy regarding utilisation of land earmarked as mixed land use. Now, the residential, commercial and institutional uses in mixed land use zones shall be permitted, irrespective of any percentage cap viz-a-viz net planned area of the relevant sector or zone. However, other planning parameters, including approach and area norms, shall be followed as per zoning regulations of the relevant development plan and prevailing policies of the department framed for grant of such permissions for residential, commercial and institutional use from time to time.

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