Haryana to build 1.25 lakh economy flats in Gurgaon, other prime areas
Oct 07, 2013
Source : The Financial Express

 

CHANDIGARH: Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these flats will be decided by the government and allotment will be done through draw of lots.

A senior official said deadlines will be set for the projects.

“Proposals will be decided on first-come-first-serve basis. Developers will have to furnish bank guarantees of 15 per cent of the total realisation from projects in Gurgaon, Faridabad, Panchkula, Panchkula Extension and Kalka-Pinjore. It will be 10 per cent in other areas,” the official said.

As incentive to developers, there will be no licence fee and infrastructure charge for these projects. The floor area ratio will be 225 as against the 175 permitted in group housing projects. Ground coverage will be 50 per cent as against the usual 35 per cent.

Applications have already been received for 86 projects and more developers are in the queue, the official said. Of the applications, 50 are for projects in Gurgaon alone. Other applications include 14 for projects in Sohna, 10 in Faridabad, three each in Jhajjar, Palwal and Rewari, two in Karnal and one in Nilokheri.

Latest Realty News

Regus launches new business centre in Gurgaon
Aug 28, 2013
GURGAON: Regus, the largest provider of flexible workplaces globally, today opened a new business center in Gurgaon, the country’s commercial hotspot. The new centre will provide turnkey access to businesses of all sizes and help satisfy strong demand for business-ready space in the National Capital Region (NCR).
40 builders apply for licence in city under affordable housing policy
Aug 24, 2013
GURGAON: On the first day of the notification of the affordable housing policy in Haryana, 40 applications of different developers have been received for launching the project in Gurgaon.
CII: Emerging investment hotspots
Jun 25, 2013
DELHI: India has its own unique and integral complexities and business is not an exception to it. Corporations strive for increased efficiency and productivity amidst these complexities. Real estate is an integral ingredient in the formation and growth of all businesses and steadily maturing into a big business itself.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Bangkok cheapest office location in Asia; Hong Kong most expensive
Jun 25, 2013
BANGKOK:Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday.
CREDAI bats for realty reforms with Girija Vyas
Jun 24, 2013
DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.
How new real estate bill could reshape the realty ecosystem?
Jun 20, 2013
MUMBAI: 1) Project Registration When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.
The Bill will be a boon for homebuyers
Jun 19, 2013
MUMBAI: The Real Estate Regulator Bill which was recently approved by the union cabinet, has been several years in the making now and hasn’t had smooth sailing from the start. Apart from inordinate delays, it faced much resistance from the real estate fraternity at initially who were afraid that this Bill would prove to be yet another regulatory bottleneck, rather than a regulation that would empower the industry and its homebuyers.
Road building revival offers rare hope for India infrastructure overhaul
Jun 18, 2013
MUMBAI/DELHI: K. Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects.
Realty Bill will make homes costlier, says Credai chief
Jun 18, 2013
MUMBAI: The proposed Real Estate Regulatory Bill is “welcome”, but it may make homes more expensive. Mandatory registration of property before advertising is likely to impact smaller players, says C. Shekar Reddy, National President, Confederation of Real Estate Developers Association of India (CREDAI). But pushing for amendments to the Bill is not his only issue. Staving off taxes charged on deemed profits (the differential amount that arises when the registration value of a property is higher

Latest Realty News Of State

Realty Talk's