Affordable Housing Policy 2018 for area falling under Municipal Limits approved

By Accommodation Times Bureau

CHANDIGARH:

Haryana Cabinet on Thursday approved the ‘Affordable Housing Policy (PMAY)  2018’ for area falling within Municipal Limits (outside core limits) to achieve the motive of Housing for all and to maximise the benefit to the intended beneficiaries identified in the PMAY.

The policy will encourage the planning and completion of Group Housing Projects wherein apartments of predefined size are made available at predefined rates within a target timeframe to ensure increased supply of affordable housing in the residential sectors falling in municipal limits predominantly to the Pradhan Mantri Awas Yojna (PMAY) beneficiaries as identified by Department of Urban Local Bodies.

All these projects will be required to be necessarily completed within two years from the approval of the building plans or grant of environmental clearance, whichever is later. Maximum allotment rate in Gurugram and Faridabad will be Rs 3,500 per square feet, in Panchkula and Pinjore and Kalka will be Rs 3,000 per square feet, in Karnal, Ambala, Hisar, Yamunanagar, Rohtak, Kurukshetra, Bahadurgarh, Bawal, Rewari, Palwal, Hodal, Dharuhera and Ganaur, Rs 2,500 square feet and in rest of the development plans, it will be Rs 2,100 per square feet, an official said.





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