Affordable houses to pinch more after change in po...

Affordable houses to pinch more after change in policy

Affordable houses in private colonies are expected to cost more for consumers in future as the state government has decided to increase their rates.

After making amendments in the township policy, a proposal has been sent to the cabinet for the final approval. As per the new rates consumers will have to pay Rs 1,200 per square metre.

Earlier the builders launching a group housing scheme on or above 5,000 square metre area had to keep 5% construction area for EWS and LIG. For this the state government has fixed the rate of Rs 800 per square metre. Now, the decision has been taken to increase the prices as the private developers are demanding increase in price since long. “The developers have apprised about the issue to the UDH, additional chief secretary, Ashok Jain. After this meeting, amendment was proposed in the by-laws.”


Accuracy and up to date information about the real estate industry make, a leading source for in-depth & reliable news on the realty sector. Known for providing the inside scoop on project feasibility and credibility, neighborhood demographics, sociability and market trends, aims at adding value to each and every property pursuit.