Real Estate Chandigarh

Residential and Commercial properties in Chandigarh..

27 December 2006

Haryana plans housing for the poor

After raising towering housing facilities in the National Capital Region (NCR), especially by the private builders, the Haryana Government has now decided to create some space for those who had helped in raising these buildings. The Haryana Urban Development Authority (HUDA) is chalking out a plan to complete formalities and identification of location for these houses after Chief Minister Bhupinder Singh Hooda directed the Authority in a recent meeting to create one lakh houses for the poor working in the NCR.

Interestingly, the Haryana Government had been pursuing the private builders to move to other districts than the NCR and had succeeded to some extent also but the NCR still remained priority area for the real estate developers. The real estate boom in the state had already seen the housing boom created by the real estate developers in NCR. The builders had so far resulted in raising of 3.25 lakh plots out of which 65,000 meant for economically weaker section (EWS) and 75,000 flats including 11,000 for EWS category.

Ironically, after reaching saturation point in Gurgaon and Faridabad, even the builders are now moving to the areas other than these two towns. A few builders are planning their projects at places like Dharuhera, Rewari, Kurukshetra, Panchkula, Hisar and Sirsa. “This trend is quite encouraging because this would create low-cost houses in these areas also by these builders.

Hooda had given clear instructions to the Authority to keep the cost of these houses under control and should build a two-room accommodation at a cost of Rs one lakh. “It is a difficult task because the construction cost is very high in the wake of rising prices of the construction material. But since the government want to build these houses at low cost we would try to complete the structure within the limit,” said a senior official.

Source://expressindia.com
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