NEW AFFORDABLE HOUSING POLICY WILL REALISE DREAM OF COMMON MAN TO OWN HOUSE: AMAN ARORA

Chandigarh: The Punjab Affordable Housing Policy-2023 approved by Chief Minister S Bhagwant Mann led Punjab Cabinet, will fulfil the common man’s aspirations to own a dream house and will further give a push to revival of the real estate sector in the state, said Punjab Housing and Urban Development (H&UD) Minister Mr. Aman Arora, here.

This policy has been introduced to provide affordable houses to the lower-middle and lower-income strata of the society and also after taking note of the demands of the developers.

Divulging details about the policy, Mr. Aman Arora said that the minimum area for a plotted colony has been fixed at five acres, while, the minimum area required for group housing is now 2.5 acres only, except for GMADA area where minimum area required for a new colony will remain 25 acres. Maximum plot size has been fixed upto 150 sq.yd. and maximum flat size has been fixed upto 90 sq.mt. under the policy.

The saleable area has also been increased from 62 to 65 per cent of the total project site area to provide plots at affordable rates to the needy and the saleable area is being given on the total plot area of the project irrespective of any master plan road passing through the plot area.

He further said that the minimum area under greens has been fixed at 7.5 per cent from 10% of the site area and the minimum width of internal roads will be 30’ ft in such projects.

To reduce the burden on individual plot holders, the H&UD Minister said that the CLU, EDC and License fee have also been reduced to 50 per cent, or half, of those applicable in case of a normal colony, however, the reduction in charges will not be applicable in GMADA area.

To enable speedy clearances of all approvals for all categories of the Affordable Colonies, Mr. Aman Arora said that all the powers for granting approvals have been delegated to the Chief Administrator of the concerned Urban Development Authority at local level designating him/her as the single competent authority.

Mr Aman Arora said that H&UD department will facilitate promoters in obtaining NOCs in time bound manner by conducting frequent meetings with various regulatory authorities like PSPCL, PPCB etc and regular monitoring will be ensured at the higher level for quick disposal of cases regarding approvals, he added.

The Minister affirmed that this policy will also encourage the promoters to get their colonies approved in hassle-free manner and will definitely curb the mushrooming of unauthorised colonies, which will give a further boost to the real estate sector in the state.