By December, 50,000 affordable homes may be on offer in NCR – ET RealEstate

GURUGRAM: NCR’s affordable realty market seems to be making an impressive rebound, despite the general gloom triggered by the pandemic. This inference can be drawn from the latest projections by real estate consultants Anarock and other industry experts that around 50,000 affordable homes, including 16,000 in Gurgaon, would be up for grabs by this year end.

Currently, some 1.8 lakh affordable homes (below Rs 40 lakh) are at various stages of construction in NCR. In Haryana, some 110 affordable housing licences have been issued by the department of town and country planning (DTCP) since 2014, with the major share in Gurgaon and Sohna. Though around 80,000 units have been sold, only 22,000 have been delivered to date.

Industry experts say with markets opening up and business returning to normal, the residential real estate market seems to be coming back on track.

Anuj Puri, chairman of Anarock, said that in NCR, a total of 1.16 residential real estate units are scheduled for completion in 2021. “Of these, at least 43% are in the affordable segment, 39% in the mid-segment, 13% in the premium segment and 5% in the luxury segment,” he said.

Pradeep Aggarwal, chairman of the Signature Global Group, agreed. “Fast-paced growth in places like MG Road and Cyber City generated a ripple effect that pushed development to new areas such as New Gurgaon, Southern Peripheral Road (SPR) and Sohna. The state government’s increased focus on affordable housing is assisting in the growth of these neighbourhoods, where over 40% of units cost less than Rs 50 lakh.”

Surinder Singh, director of the GLS Group, said that so far only 22,000 affordable housing units have been delivered though around 80,000 units were sold in the past seven years. “We estimate around 50,000 units are going to be delivered by the end of 2021,” he said.

By December, 50,000 affordable homes may be on offer in NCR
Vikas Garg, deputy managing director of MRG World, said that many people felt that challenges related to income generation during the second wave of Covid-19 will damage the housing market, causing consumers to postpone home purchases. “However, the affordable and middle-income housing segments are witnessing a significant movement,” he said.

District town planner RS Batth, on his part, said that the department is strictly monitoring the progress of affordable housing projects. “Around 10 developers have been served showcause notices for delay in completion of 12 such projects in Gurgaon.”



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Gurugram: Breez Global Heights residents protest against builder – ET RealEstate

GURUGRAM: Residents of Breez Global Heights in Sohna’s Sector 33 staged a protest against the developer on Sunday over erratic power supply and shabby maintenance in the society.

Hundreds of flat owners took part in the agitation holding placards and banners and raising slogans against Breez Builders and Developers Private Limited for failing to provide basic amenities, like regular power and water supply and security.

Despite raising several complaints on the matter, the developer is not willing to listen and address the concerns, the residents alleged.

According to the agitators, they have been facing frequent outages for 8-14 hours almost every day, which is affecting their daily routine, especially since many people are working from home and children have online classes. They have also alleged that the developer is arbitrarily charging maintenance fees from them.

Society resident Asmita Pathak said: “We have been facing frequent power cuts due to which our children are struggling with their online classes and some are not being able to take tests. When we asked the service provider, we were told inferior quality of cables is causing frequent outages, this despite the fact we have paid more than Rs 4 crore as external development charges.”

The affordable housing project was launched in 2015 and possessions were given in 2020.

Currently, around 500 families stay in the society.

Residents also said the lifts malfunction frequently, the quality of construction material is poor and there are cracks on walls.

The developer, however, refuted all allegations.

“We are not making any profit and levying only usable charges and many residents are not making payments on time. The facility is being managed by a private firm and whatever issues arise, they are attended to on time. Despite increased expenditure, we have not raised the charges and we are doing our best so that the residents do not have to face any inconvenience,” said Rajeev Jain, director, Breez Builders and Developers Private Limited.



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Gurugram: DTCP to organise awareness camps on land schemes – ET RealEstate

GURUGRAM: To stop illegal constructions on agricultural land in Gurugram, the Department of Town and Country Planning (DTCP) will soon organise camps in rural areas to make landowners aware about the various schemes for development of land and real estate.

DTCP officials said they took immediate actions against violators who developed farmhouses and colonies without any permission or licence from the department.

“We are going to hold camps in rural areas and want to inform the landowners that instead of developing illegal colonies, farmhouses they should take advantage of the recently announced farmhouse policy and develop property legally,” said RS Batth, district town planner, Gurugram.

He said the department will also take action against more such colonisers in and around Sohna and Bhondsi where farmhouses are being developed illegally.

On Monday, the DTCP demolished two unauthorised colonies that were being developed illegal farmhouses at Kiranki village, near Vatika resort in Sohna.

The two new farmhouse colonies were being developed in Kiranki and notices were earlier issued to landowners.

The officials said that around 60 acres of land was being converted into farmhouse colonies without any permission or licence from the department.

The violators had developed a large road network, boundary walls which were demolished during the drive by the DTCP officials and in presence of 150 cops with the help of five earth moving machines.



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Expansion plan of Gurugram development body’s area on hold – ET RealEstate

GURUGRAM: The proposal to extend Gurugram Metropolitan Development Authority’s (GMDA) area to include Farrukhnagar, Sohna and Pataudi blocks has been put on hold as that would require the authority to take over a large agricultural zone.

A document accessed by TOI stated, “It was observed that with this proposed extension, a huge intervening agricultural zone will be included in the GMDA area.”

The matter was raised in the last authority meeting following which the chief minister directed the officials to re-examine the proposal. “It was felt that the existing arrangement could continue for the development of these areas,” stated the document.

Chief town planner of GMDA could not be reached for a comment on the subject. At present GMDA is spread over 675 sqkm and if the extension takes place, an additional 583 sqkm will be added.

The proposal for the extension of the GMDA area was first brought up last year after local leaders demanded the inclusion of the three blocks under GMDA. TOI had earlier reported that the expansion is on the cards as the metropolitan authority is likely to take over the development works in the blocks of Pataudi, Farrukhnagar and Sohna soon.

“There were demands from political leaders to bring Sohna, Pataudi and Farrukhnagar under GMDA. We had thought over the idea and proposed it to the chief minister during the recent meeting,” said a senior GMDA official. He added that the matter is still up for discussion and no final decision has been taken yet.

It must be mentioned that the development plans for Sohna, Farrukhnagar and Pataudi are already in place. However, there is no single agency for the execution of these development plans. Once GMDA takes them over, it can work on the execution of these development plans.



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