Here is some good news for property buyers in Gurgaon.
After waiting for five long years, the Haryana government has finally legalised the registration of independent floors constructed on plots by private owners, in colonies developed by Haryana Urban Development Authority (HUDA) and private developers such as DLF, Ansals and Unitech.
The decision will not only allow people to buy houses in plotted areas, it will also benefit people who have bought properties on General Power of Attorney (GPA) and were insecure about their ownership rights. Their properties can now be registered in their own names by paying registration charges to the revenue department.
HUDA, in a recent directive, has asked applicants to pay one per cent extra stamp duty for “infrastructure up-gradation” as the decision would put stress on the existing civic infrastructure.
“The town & country planning department is likely to issue similar guidelines for the people of private colonies such as DLF City, Sushant Lok, Palam Vihar, South City and others next week,” senior town planner Jaswant Singh said.
The Haryana government had put a blanket ban on registration of independent floors in the state in 2003, prohibiting individual property owners from selling their floors separately to buyers. This had left no option for property buyers but to go to the developers. The sale of independent floors is otherwise allowed by professional developers or group housing societies under the Haryana Apartments Ownership Act only.
In a letter (dated March 13, 2009) issued to the administrators and the estate officers of all districts, the administrator (HQ) R P Gupta said that the guidelines for registration of “Independent Floors” have been formulated and got approved from competent authority.
R P Gupta told Hindustan Times that the finance commissioner (town planning) had recently issued instructions to HUDA as well as the town and country planning (TCP) department to issue guidelines to register individual floors.
“We have already issued the guidelines. The TCP will do it soon. The owners of the constructed houses on a plot measuring 180 sq yards or above in HUDA Sectors can sell their individual floors now,” Gupta said.
Now the owners of each ‘Independent Floor’ shall be entitled to separate utility connections such as water supply and electricity. The basement, if any, allowed in a residential building shall not constitute a separate sub division/floor. The basement shall form a part of the ‘Independent Floor’ at ground level.
But will the realty sector gain?
HUDA officials as well as realty experts are of the opinion that the decision to allow registration of independent floors would do little to mobilise the sluggish realty market grappling with the current economic slowdown. But it will surely bolster the state’s coffers to the tune of hundreds of crores of rupees.
R P Gupta said that in the backdrop of the current slowdown, the decision was not expected to encourage new buyers to buy independent floors in plotted areas. “But we will surely get revenue after the registration is allowed,” he said.