Construction Industry News
Developers in Gurugram have taken a dim view of the Haryana government's ban on construction of fourth floors and pillars on residential plots introduced in February last year and have demanded lifting of the moratorium as they have suffered losses due to the government's decision. . In October last year, the Gurugram Housing Developers Association had proposed bringing back the old zoning plan, which required owners to reserve adequate space at the front and back of the building to avoid untoward incidents and strengthen the safety net. , real estate agents will continue to incur significant losses.
The association also highlighted the enormity of the situation by pointing out that although the supply of land-based housing decreased significantly after the decision, many real estate owners and contractors are in trouble. Because they had given loans or invested money to build the fourth floor before the ban was imposed.
The association also raised concerns of landowners who built the fourth floor complying with the compound regulations of DTCP (Department of Town and Country Planning) and HSVP (Haryana Shahari Vikas Pradhikaran). However, the government's change in policy by suspending the construction of the fourth floor last year has put their investments at risk.
With the government showing no interest in lifting the ban, homebuyers are also spooked at the prospect of their investments falling Hundreds of prefabricated buildings in Gurugram languish without any Occupancy Certificate (OC).
Proponents of the ban on the fourth floor have often argued that without infrastructure it is desirable during development, adding that floors on residential plots place an undue burden on Have mercy on the current set of civil facilities and services. In response, the Gurugram Housing Developers Association said the infrastructure challenge in Gurugram city can be solved by allocating significant funds accumulated as External Development Charges (EDCs) by the government.
Narendra Yadav, President, Gurgaon Developers Association said Housing: “It is imperative that the Haryana government lifts the ban on construction of additional fourth floor on stilts in residential plots as it will promote independent flat housing, promote responsible urban development and protect investments and aspirations of homeowners. Developers will also feel relieved by the decision as they have already received Huge loans and invested a lot of money in the four-storey project. At the same time, hundreds of land buyers who have invested in this type of residential land and are waiting to move after the OC is issued will breathe a sigh of relief.
