CHANDIGARH: As many as 86 real estate companies, including DLF, Emaar MGF, Raheja Developers have shown interest in developing Haryana government's most ambitious affordable housing project in the state.
Haryana's Town and Country Planning Department has received licence applications from real estate developers for setting up affordable houses for which a policy was announced by Bhupinder Singh Hooda led state government last month, official sources said here.
Maximum number of applications for licenses has come for setting up houses in Gurgaon city at 50, followed by Sohna at 14, Faridabad at 10 while rest are for Jhajjar, Palwal, Rewari, Karnal and Nilokheri.
Among companies which have submitted license applications, prominent real estate groups are DLF LtdBSE 3.02 % and Emaar MGF, Essel Housing at Gurgaon, SRS Hightech projects at Faridabad, CHD Developers at Karnal and Sohna at Raheja Developers, they said.
In a bid to ensure affordable houses in urban areas, Haryana cabinet approved an affordable housing policy 2013 last month.
Under this policy, the state government envisaged to make available 1.25 lakh affordable dwelling units having carpet area of about 500 sq ft each in the urban centres of Haryana, which are constructed through the capital investment of private sector within a period of next five years.
The maximum allotment rate for the apartment units approved under such projects has been kept at Rs 4,000 per sq ft of carpet area in the development plans of Gurgaon, Fairdabad, Panchkula and Pinjore-Kalka, Rs 3,600 per sq ft in the development plans of other high and medium potential towns and Rs 3,000 per sq ft in the remaining low potential towns.
As security against any possible delinquencies in completion of the project, the developers under this policy would be required to furnish bank guarantee against the total realisation from the project at the rate of 15 per cent for areas falling in the development plans of Gurgaon, Faridabad, Panchkula, Panchkula Extension and Pinjore-Kalka and at the rate of 10 per cent for rest of the towns.