Ready to Move Flats in Gurgaon

Haryana’s Department of Town and Country Planning has cancelled licences of over 31 ongoing projects, both commercial and residential. According to the DTCP, it is yet to recover dues worth over Rs 200 crore as external development charges from these projects. Of the defaulting projects, 14 are in Gurgaon, five in Sonipat, three in Faridabad and three in Palwal. Meanwhile, the DTCP has also formed a three-member committee that will look into applications received under the Deen Dayal Jan Awas Yojana.

Under Haryana’s affordable housing policy, builders had to sell units at Rs 4,000 per square foot (psf) and Rs 500 psf for the balcony area without charging any external development charge. However, buyers are now complaining developers are transferring this burden on them at the time of giving possession.

At a time when real estate developers in the city were pinning their hopes on the festive season to revive sales, the Gurgaon administration has proposed to raise circle rates by up to 25 per cent. This could be this year’s third rate hike; rates were earlier hiked in February and April, each time by up to 15 per cent. The revised rates will come into effect on October 19.

The city’s two posh private colonies Sushant Lok-1 and Palam Vihar will be taken over by the Municipal Corporation of Gurugram (MCG).

Prime Minister Narendra Modi will be inaugurating the 83-km-long Kundli-Manesar section of the Western Peripheral Expressway on November 19. The expressway will offer signal-free connectivity to Palwal from Sonepat, bypassing Delhi while also diverting as many as 50,000 heavy vehicles away from Delhi. Once completed, the entire peripheral expressway would form a ring road around Delhi, spanning a total length of 270 kilometres. Locations such as Gurgaon, Manesar, Ghaziabad, Greater Noida, Palwal, Kundli and Sonepat are likely to witness sizeable real estate growth with the help of the expressway.