Haryana Removes provision of Freezing of 50% Saleable area in DDJAY Housing Scheme

Haryana Removes provision of Freezing of 50% Saleable area in DDJAY Housing Scheme

Amendments to the Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy were approved during the Cabinet meeting chaired by Chief Minister Manohar Lal Khattar Friday.

In an apparent boost to the real estate sector and to ensure the benefits of affordable housing projects reach end users, Haryana has removed provision of freezing of 50 per cent saleable area in the Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy, 2016. Amendments to the policy were approved during the Cabinet meeting chaired by Chief Minister Manohar Lal Khattar Friday.

As per the amendment, “as a matter of security against any possible delinquencies in completion of the project, now the coloniser will be required to mortgage residential plots covering a saleable area of 10 per cent, each against the bank guarantee required on account of IDW as well as EDC in favour of the director. Also, the developer will get an additional option for construction of a need-based community site at its own cost for use of residents of the colony at large and provision of a community facility at an early day.

Furthermore, coloniser will not be allowed to earn any profit such as membership charges/fees from such community building. Lastly, the colonisers are required to get the occupation certificate of the community site before grant of final completion certificate.”

Source : Indian Express

Related Posts

Prime Minister Narendra Modi will inaugurate the Sohna-Dausa stretch of the Delhi-Mumbai Expressway on February 4. The foundation stone of...
The Union Budget 2023 is a much-anticipated event for the real estate sector in India. Industry experts and stakeholders have...

ENQUIRE NOW

NO BROKERAGE | BEST DEAL Guaranteed

ENQUIRE NOW