Licence allocation to real-estate players spikes before elections
There is no stopping the Haryana government from flooding the real estate market with licences to build before the state elections.chandigarh Updated: Sep 08, 2014 13:06 IST
There is no stopping the Haryana government from flooding the real estate market with licences to build before the state elections.
Hindustan Times (HT) had earlier reported that the issue of licences to developers for constructing residential and commercial buildings had gone up in August, before the Vidhan Sabha elections scheduled in October.
The model code of conduct is usually announced 45 days before the polling date.
The grant of licences is now at an all-time, monthly high of 71 licences being issued in August. The town and country planning department has issued a total of 146 licences till September 1 this year.
The highest number of licenses issued was in 2008, when the department issued 210 licences to builders. Last year, just 113 licences were given.
A town and country planning official said that the number of licenses issued to developers during the current year also swelled because of the launch of the Affordable Housing Policy (AHP) besides the model code of conduct.
He said that the department had issued 38 licenses under the Affordable Housing Policy category between June and September 1, and 25 of these licenses were for Gurgaon only.
Haryana, for the first time, has offered about 36,000 low-income group apartments under its Affordable Housing Policy.
The policy has evoked overwhelming response from developers, who have acquired 38 licences, with majority in Gurgaon, to construct flats in the newly carved out sectors.
In Gurgaon, Affordable Housing Policy projects are coming up sectors 36A, 63A, 69, 70, 71, 81, 84, 88A, 90, 95, 99, 99A, 102, 104, 107 and 111 (16 out of total 58 earmarked sectors).
In Sohna, Affordable Housing Policy licences were issued for Sector 2, 5, 6, 11, 14, 31, 33 and 35 (8 out of 35 total earmarked sectors).
The town and country planning department had issued in total 113, 129 and 118 licenses in 2013, 2012 and 2011, respectively.
First Published: Sep 08, 2014 13:02 IST