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To cut housing delay, Haryana to give clearances before license says CM
To cut housing delay, Haryana to give clearances before license says CM
Making the announcement, chief minister Manohar Lal Khattar said, “Any developer, based on a letter of intent (LOI), will be granted all the necessary clearances within six months, after which they will be issued a license for the project.”
The Haryana government has decided to give all mandatory clearances to residential projects before issuing licenses to developers to eliminate delays due to approvals that builders often attribute to the completion of projects after the handing over deadline. It is an old problem in NCR.
Making the announcement, Chief Minister Manohar Lal Khattar said, “Any developer, based on the letter of intent (LoI), will be given all necessary approvals within six months, after which he will be issued a license for the project.” He was addressing the Urban Development Conference 2022 in It will be the responsibility of the government departments to give timely approvals. “If any government department fails to approve within the stipulated time frame, it will be punished,” the CM said.
Developers will get a license for their project when all the mandatory clearances are in place. “Thus, there will be no reason for the delay in the completion of projects. After this the responsibility will be on the developers,” Khattar said.
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Zomato leases three lakh sq ft office space in Gurugram
Zomato leases three lakh sq ft office space in Gurugram
The building where Zomato has taken space is a JV (joint venture) between Emaar India and another developer. Zomato has relocated from existing space and an international property consultant facilitated the deal,” a person aware of the deal said on condition of anonymity.
Food delivery company Zomato has hired 300,000 square feet of workplace space at Emaar India’s Downtown Capital tower in Gurgaon is one of the biggest leasing deals in the National Capital Region (NCR) in recent times.
The building where Zomato has taken up space is located on Mehrauli-Gurgaon Road.
The building wherever Zomato has taken space could be a JV (joint venture) between Emaar India and another developer. Zomato has resettled from existing space and a global property adviser expedited the deal,” someone awake to the deal said on condition of obscurity.
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Why Gurgaon Is The Highest Investment Destination?
WHY GURGAON IS THE HIGHEST INVESTMENT DESTINATION?
The changes within the property market of Gurgaon within the Delhi-NCR region are quite vital over the past few years. The prime areas have already reached their saturate purpose in terms of costs similarly to occupancy, the emergence of recent residential areas could return as no surprise.
Nobody is unaware of Gurgaon because of the hub of corporates. the provision of excellent quality residential places and continuous improvement in property to Old Delhi has created Gurgaon one in all the simplest decisions to speculate in property. Infrastructure development and enlargement of civic amenities like golf links road and Dwarka expressway are nothing however indicators of growth of the Real estate market in Gurgaon.
FUTURE OF REAL ESTATE IN GURGAON
It is evident that the Real estate sector of Gurgaon goes to witness additional growth within the coming back years,
AVAILABILITY OF RESIDENTIAL OPTION
As we tend to all aware, Gurgaon has an associate abundance of the area and ample opportunities once it involves location front for residential townships. These are necessary factors to work out the expansion of the belongings sector in Gurgaon.
AFFORDABLE HOUSING IS A BLESSING
Talking regarding the residential development front, there’s plenty that Gurgaon has to provide. This is the explanation why several investors and NRIs like better to invest in Gurgaon. The demand and provision of homes are mostly targeting middle and high-end segments. With additional and additional corporates marking their footprints in Gurgaon, the place looks to supply various opportunities. This solely suggests additional jobs in Gurgaon and therefore a rise in demand for residential complexes.
CIVIC AMENITIES
Many citizens are being enticed to invest in Gurgaon due to the increased availability of civic amenities near residences. One of the key reasons why we see more and more millennials investing in Gurgaon is the availability of residential complexes close to prestigious educational institutions and corporate offices. Most of the ready-to-move-in flats in Gurgaon are equipped with a variety of amenities such as party halls, fitness centers, yoga rooms, and clubhouses.
IMPROVEMENT IN STRUCTURE AND CONNECTIVITY
In every nook and corner of Gurgaon, a plethora of artistically crafted and breathtakingly beautiful residential complexes by trusted and leading builders and developers can be found. This corporate hub – Gurgaon – is attracting a lot of home buyers. The smooth connection to Delhi is the icing on the cake in terms of improving its real estate market position.
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Housing Affordability
Housing Affordability At Decadal Best
Over the last decade, the housing market has undergone a structural transformation on each, demand also as provide fronts. This has created the atmosphere for home shopping for comparatively engaging and safe
One of the foremost costly assets is property, and therefore it’s no surprise that it’s typically riddled with affordability problems. However, in line with Knight Frank India’s Affordability Index, Indian markets area unit at their decadal best in terms of housing affordability.
Shopper outlook
Thanks to the web portals and accrued money data, the real estate sector are currently coping with associate degree wise to the client base. Home-buyers browse online portals, watch the news, etc to spot the professionals and cons of a neighborhood also to perceive the present property rates.
But if affordability has been born, why area unit sales in the town center, not the maximum amount because of the peripheries? “People like homes within the peripheral areas as a result of they’re obtaining a lot of worth for his or her cash with even bigger and spacious living accommodations in a very clean and inexperienced atmosphere,”
“There may be a high demand for comes that area unit within the town centers, thanks to that the valuation is way higher compared to peripherals. thanks to this, the affordability rate and sales numbers tend to take issue though the loan rates are slow down,”
Benefits for home-buyers
“Post the pandemic, there was widespread anticipation that the real estate market can crash and see a significant uniform worth correction. However, that failed to happen. Developers did roll out offers and discounts to lure consumers, however, it varied from project to project. Also, since purchaser demand for branded homes accrued considerably, leading developers gave fewer discounts and offers compared to non-branded ones. however what conjointly worked within the reduction of overall property acquisition value was the decadal-low interest rates and initiatives like taxation cuts in some states,”
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Farmers Get Plots After Years of Legal Battle
Farmers get plots after years of legal battle, notice they’re up for auction
In fact, between 1981 and 2000, HSVP acquired hundreds of acres from around 1,500 farmers of Mullahera, Katarpuri, Gurgaon village, Dundahera, Chauma, Basai, and Dhankot villages to develop sectors 4, 5, 6, 9, 10, 22, and 23 of Gurgaon.
After years of legal battle, the farmers, whose land was acquired by HSVP (formerly Huda) to develop different sectors of Gurgaon, were assigned a definite range of plots. But before offering physical possession of the plots to the farmers, the development authority has listed the same for auction. The farmers asseverate that HSVP is denying the rights of the oustees.
In fact, between 1981 and 2000, HSVP acquired hundreds of acres from around 1,500 farmers of Mullahera, Katarpuri, Gurgaon village, Dundahera, Chauma, Basai, and Dhankot villages to develop sectors 4, 5, 6, 9, 10, 22, and 23 of Gurgaon.
Farmers got compensation for their land and assurance of a plot in an exceedingly sector developed on their land.
courtesy:TheEconomicsTimes
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Gurugram: BPTP RWA Stops Essential Services, Residents Protest
Gurugram: BPTP RWA Stops Essential Services, Residents Protest
On Thursday, the BPTP Park Life RWA had taken a decision to curtail all these services to the residents who have not paid Common area maintenance (CAM) charges and instructed the facility management to stop the entry of all vendors giving services to them, the residents alleged.
Gurgaon: endeavor the cold on Friday, residents of Sector 57’s Freedom Park Life Saturday down on a dharna and protested against the RWA of the society for stopping essential services, as well as entry of maids, vendors, newspapers among different key services.
Around 30 residents, as well as girls, youngsters, and adults, command posters and raise their voices against RWA alleging harassment.
On Thursday, the BPTP PARK LIFE had taken the choice to curtail these services to the residents WHO haven’t paid CAM ( common space maintenance) charges and tutored the ability management to prevent the entry of all vendors giving service to them, the residents alleged.
The Freedom Park Life complex comprises of 9 towers, of that 6 return below plot A, whereas 3 towers are below plot B, and each plot is divided by a revenue road. Around 570 families live within the society of that around a hundred and eighty families live in Plot B. Most of them pay the upkeep charges to the present Freedom Park Life flat homeowners Association (AOA)
courtesy: The Economics Times
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Deen Dayal Jan Awas Yojna
WELCOME TO DEEN DAYAL JAN AWAS YOJNA
The Haryana government’s Deen Dayal Jan Awas Yojna (DDJAY) initiative to encourage high density plotted colonies development in low and medium potential towns where small plots are available through a liberal policy. A home is a place where we all find relief.
Home is a home Whether it’s big or small. It gives financial security and mental peace. life seems perfect When you have a place which you can call yours. It is one of the requirements of life. you are Blessed if you already have a home! However, many people decide to cut out of their joint families and plan to build their shield. Thanks to the affordable housing project run by the government of India.
The objective behind the commencement of this project is to curb the increase of unauthorized colonies and achieve the target of “Housing for All by 2022”. This project falls under Prime Minister Awas Yojna (PMAY) and has been approved beneath the Haryana Government’s consolidated licensing policy 2015.
As per the availability of DDJAY( Deen Dayal Awas Yojna), developers or builders are allowed to construct a housing society or colony in 5 acres to 15 acres of the land bank. The most interesting benefit about this policy is that the prospective buyers can avail of loans up to 75% of the property value on plots from all leading public and private sector banks and up to 90% of the loan is obtainable on builder floors and flats.
Benefits for buyers under DDJAY
- Buyers have the freedom to buy the freehold, loanable, and litigation free plots under this scheme. First-time homebuyers are also eligible for interest benefits up to Rs 2.35 lakh under the government’s credit-linked interest subsidy scheme known as Pradhan Mantri Jan Awas Yojana (PMAY).
- Under the DDJAY scheme, developers can register four independent floors on each plot with the condition for stilt parking and lift.
- Each floor is eligible for a separate registry and hence separate bank loan can be taken for each floor. The total FAR on each plot is 2.68.
- Under the DDJAY scheme, only 50% of the plots can be allotted before their development.
- The remaining 50% of the plots are allowed to be allotted or sold only after the completion of the township or after obtaining the completion certificate from the Director Town and Country Planning, Government of Haryana (DTCP).
- The developer or colonizer has to transfer 10% of the area of the licensed colony to the government for the development and conservation of community facilities.
- The town planning scheme under DDJAY is allowed only in residential areas of towns as mentioned in the master development plans.
- To encourage the development of these colonies by private companies, the rates of external development fee and license fee have been greatly reduced, while infrastructure development and conversion charges have been removed.
- CLU will be approved after 90 days of application The maximum permitted area of the plot size under DDJAY is 150 square meters. (180 square yards). Also the maximum and minimum densities are 240 and 400 people per acre respectively.
- Under DDJAY, the license fee will be levied at the rate of Rs 1 lakh per acre for cities with medium potential and Rs 10,000 per acre in the case of cities with low potential.
- High and Hyper Potential Zone EDC charges will be the same as for a normally plotted township. In the case of Sohna, the EDC fee is around Rs 90 lakh per acre.
- The developer or colonizer is responsible for selling the licensed area in two phases. 50% of the licensed area can be sold after the internal evolution work of the completed township is completed. For this, the colonizer will have to pledge 15% of the salable area.
- The colonizer is required to transfer 10% of the licensed area to the government for the development of community facilities
DDJAY Plots
Paras Ekam Home Sohna
Paras Group is developing a plotted township under DDJAY named Paras Ekam Homes Affordable Plots Sector 5 Sohna. Haryana Government is planning to develop 2 Lakh affordable housing units under Deen Dayal Jan Awas Yojana in the cities and towns of the state by the year 2022. Ekam Homes is a well-planned project ideally located in Sohna Sector 5, Gurgaon. It is spread over a large area of 15 acres. More than 159 units are involved in this project.
Supertech Hill Estate Sohna
Supertech India launched its new project Supertech Hill Estate Gurgaon Sector 2. Supertech Hill Estate DDJAY plots are specifically conceived, carefully designed, and smartly developed Residential Plots in sector 2 Sohna in Gurgaon, where you can fulfill your all needs of modern and luxurious life within a few kilometers.
Supertech Sambhav Homes Sohna
Supertech Sambhav homes sector 17 Sohna, Gurugram the project is spread over 13 acres of land having spacious residential plots. The Supertech Group brings to you an opportunity to get a plot in a prime location of Gurugram. Situated on the Gurugram Sohna link road, Supertech Sambhav homes are an amazing deal to seal the venture. since the fast connectivity with Delhi NCR helps you spend less time on the roads and more time with family.
JMS Prime Land Gurgaon
Situated at Sector 95A, Pataudi Road, Gurugram, Primeland is a well-planned plan, provided with all facilities for a luxury life. Spread over 10 acres, the project is impressive in its coverage. There are a total of 216 units in this project. The meticulously designed project has under-construction units. This project is available for possession from 01 December 2025. Primeland has been developed by well-known builder JMS Buildtech.