FAQs
Question 1: What is Haryana Government Affordable Housing Policy 2013?
The Haryana Government has notified a policy known as the ‘Affordable Housing Policy 2013′. This policy is made to encourage housing Projects where in apartments of predefined size are made available at predefined rates within a targeted time frame to deserving beneficiaries in urban housing market.
Question 2: What is the rate of Flat under the Haryana Affordable Housing Policy 2013?
The maximum allotment rate for the apartment units approved under affordable housing policy would be Rs 4,000 per sq ft of carpet area in the development plan of Gurgaon.
Question 3: What is the allotment of flat and eligibility criteria under this scheme?
The affordable housing units will be allotted through draw of lots which will be handled by the Deputy Commissioner of the district in which the unit is located. According to the new affordable housing policy of Haryana, anyone who doesn’t own a plot or a house or a flat in any colony of Haryana Urban Development Authority (HUDA), any licensed colony of Chandigarh or the NCR, is considered to be eligible for the scheme.
Question 4: What is the time period for completion of project by the developers?
All affordable housing projects would be required to be necessarily completed within four years from the approval of building plans or grant of environmental clearance, whichever is later.
Question 5: How does the Government keep a check on developers for timely delivery?
As a matter of security against any possible delinquencies in completion of the project, the colonizer would be required to furnish bank guarantee against the total realization from the project at the rate of 15 per cent for areas falling in the Development Plans of Gurgaon
Question 6: How is the society maintained post-possession of flat to the buyer?
As per affordable housing policy the developer will have to maintain the project free of cost for five years, after which a resident association takes over. It is a serious issue with affordable projects that needs to be defined in a better way to get a clear solution.
Question 7: What are the finance options available with the buyer?
Finance facility is being provided by all Nationalized banks as well as NBFCs. Even the booking amount of 5% can be financed.
Question 8: What will be the quality of construction in such affordable housing projects?
The entire construction of the project will be monitored by DTCP and the developer is mandated to use predefined materials which are approved by the government. Therefore, the quality of construction will be superior
The Haryana Government has notified a policy known as the ‘Affordable Housing Policy 2013′. This policy is made to encourage housing Projects where in apartments of predefined size are made available at predefined rates within a targeted time frame to deserving beneficiaries in urban housing market.
Question 2: What is the rate of Flat under the Haryana Affordable Housing Policy 2013?
The maximum allotment rate for the apartment units approved under affordable housing policy would be Rs 4,000 per sq ft of carpet area in the development plan of Gurgaon.
Question 3: What is the allotment of flat and eligibility criteria under this scheme?
The affordable housing units will be allotted through draw of lots which will be handled by the Deputy Commissioner of the district in which the unit is located. According to the new affordable housing policy of Haryana, anyone who doesn’t own a plot or a house or a flat in any colony of Haryana Urban Development Authority (HUDA), any licensed colony of Chandigarh or the NCR, is considered to be eligible for the scheme.
Question 4: What is the time period for completion of project by the developers?
All affordable housing projects would be required to be necessarily completed within four years from the approval of building plans or grant of environmental clearance, whichever is later.
Question 5: How does the Government keep a check on developers for timely delivery?
As a matter of security against any possible delinquencies in completion of the project, the colonizer would be required to furnish bank guarantee against the total realization from the project at the rate of 15 per cent for areas falling in the Development Plans of Gurgaon
Question 6: How is the society maintained post-possession of flat to the buyer?
As per affordable housing policy the developer will have to maintain the project free of cost for five years, after which a resident association takes over. It is a serious issue with affordable projects that needs to be defined in a better way to get a clear solution.
Question 7: What are the finance options available with the buyer?
Finance facility is being provided by all Nationalized banks as well as NBFCs. Even the booking amount of 5% can be financed.
Question 8: What will be the quality of construction in such affordable housing projects?
The entire construction of the project will be monitored by DTCP and the developer is mandated to use predefined materials which are approved by the government. Therefore, the quality of construction will be superior