The policy is intended to encourage planning and completion of Group Housing Projects wherein apartments of pre-defined sizes are made available at pre-defined rates within a targeted time frame to ensure increased supply of affordable housing in the urban housing market, a spokesman of the Town and Country Planning department said.
All such projects would be required to be completed within four years from the approval of building plans or grant of environmental clearance, he said.
Projects under this policy would be allowed only in residential zones of the notified Development Plans in the urban sector, he said.
The maximum area for which such projects can be allowed in a development plan include 300 acres for Gurgaon, Faridabad, Panchkula, Panchkula Extension and Pinjore-Kalka, 150 acres for Sonipat, Panipat, Karnal, Dharuhera, Bahadurgarh and Sohna and 75 acres for the rest of the development plans.
Carpet area of the apartments would range from 28 sqm to 60 sqm and only one two-wheeler parking site would be earmarked for each flat. No car parking would be allotted to any apartment owner in such projects, he added.