NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurugram, would be up for grabs by this year end. Currently, […]
The regulations shall be applicable to all real estate projects, irrespective of the fact that they are registered/registerable or exempted from registration. Any sale of real estate project on any other basis except on carpet area basis after RERA coming into force shall be declared as null and void by HARERA. Haryana real estate regulatory […]
From applying for a unit in an affordable housing project to paying the booking fee, draw of lots, allocation and refund, the entire process is now online. The department of town and country planning (DTCP) has launched a portal in order to ensure transparency in the entire process starting from application till the allotment of […]
Akash Kohli, founder & CEO, Elante Group, shares some points Infrastructure is a key driver of a country’s economy and it is known to play a key role in deciding the value of the property in a given area. The lack of road, rail or air access to any region contributes to lower housing rates […]
Affordable housing projects have come under the scanner of the department of town and country planning (DTCP) in the wake of complaints that many developers have been demanding a premium from potential homebuyers in the name of assured allotment. In Gurugram, there are currently around 91 affordable housing projects at different stages of construction. As […]
Affordable housing projects continue to be the dominant segment in the market as 87% of the new launches in the NCR region were concentrated in the less than Rs 45-lakh price bracket during the last quarter. Affordable housing projects continue to be the dominant segment in the NCR market as 87% of the new launches […]
With NCR witnessing a 51% slump in housing sales and 47% decrease in new supplies in 2020 due to the “unstable” realty market, developers across the region’s cities say the sector has been going through challenging times and immediate government intervention is needed for its revival. The builders demand more development-friendly policies such as reduction […]
With the Haryana government deciding to include car parking space in affordable housing projects Gurgaon, city-based developers expect a surge in demand for such low-budget flats in Gurgaon and Sohna. As per the latest amendment to Affordable Housing Policy 2013, one car parking space for each dwelling unit is now free, which means a buyer […]
The department of town and country planning (DTCP) has started seeking applications for licencing real estate projects under the affordable housing category. The department issued a notice on October 27 and has given one month to interested developers, who want to develop affordable housing projects. The development follows the decision of Haryana government to increase […]