AFFORDABLE HOUSING POLICY-2013_HARYANA

Sometimes back, I got a chance to study Haryana government Affordable Housing Policy which has been introduced in 2013 to promote the affordable housing projects in urban area of Haryana state. I realized this is one of the best policies for Indian Real Estate market in India, and every Real Estate professional must be aware about the same policy. We could have implemented RERA with the inline of Affordable Housing Policy. I understand RERA has the capabilities to turnaround the Indian Real Estate market. But still most of the builders have no clarity on overall act and in-fact some of the states are in very initial stage of implementing RERA, i am afraid how state government would implement RERA at such short period.
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Here, I would love to share the crux of the Haryana Affordable Housing Policy.

1.  Apartments in the project under affordable housing must have pre-defined size with pre-defined rate within target frame line of 4 years.

2. Maximum possession time would be 4 years from the date of approvals of building or grant of environment clearance, whichever is later.

3. Once project is approved under affordable housing cannot be converted in normal housing project.

4. Affordable housing project can developed in only on 5% of the net residential zone area and maximum net planned area can be permitted in 10 acres area only.

5. Projects are allowed only the residential zone of the notified development plans of the cities of the state.

6. Application for request of approval of the project from concern authority is based on first come first serve basis.

7. Minimum& maximum density permitted is 850ppa & 900ppa respectively. And density is calculated average occupancy per flat i.e. 5 person.

8. Maximum FSI is 2.25 is allowed.

9. Building of the Project can be developed in 50% area only.

10. Maximum FSI for commercial project is 1.75 on 4% of the net planned area.

11. Minimum 15% area is organized open space of the net planned area.

12. Carpet area of the apartment should be between 301 sq. ft. to 646 sq. ft, which does not include balcony/terrace of an apartment. Or I can say carpet area means area does not included under FSI.

13. No separate EWS category will be provided.

14. Parking space shall be provided at the rate of half equivalent car space for each dwelling unit.

15. Only one 2 wheeler parking space will allotted for each flat.

16. No car parking shall be allotted to any flat owner in affordable housing project.

17. Following are the facility is compulsory like Community Hall and Creche area not less than 2000 sq. ft. separately.

18. Maintenance cost is 4% of the apartment cost for the period of 5 years from the date of occupancy.

19. Balcony is charged at partial rate i.e. max Rs.500/- sq. ft. and balcony should not be more than 100 sq. ft.

20. Rate per sq. ft. varies from Rs.3000/- to Rs.5000/- depending upon the divided zone area.

21. Any person can apply but person who does not own any flat in any HUDA developed colony or any other project under Haryana, UT of Chandigarh and NCR Delhi.

22. Maximum 5% of the total apartment in project can be allotted to builder’s relative/friends/associates/employee, etc. But the policy stands still for these customers as well.

Above are the basic concepts of Affordable Housing Policy, which only motive is to create homes for middle and lower middle class family in Urban areas.

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 Happy Reading………

Best Wishes,

Praveen Kumar