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Home / Real Estate / Realtors ask for a revision in price of affordable housing in Gurugram

Realtors ask for a revision in price of affordable housing in Gurugram

Developers said that the CM assured them that the government will look into the matter and find a possibility of linking the price of the houses with the annual wholesale price index.

real-estate Updated: Jan 09, 2020, 14:43 IST
Abhishek Behl
Abhishek Behl
Hindustan Times, Gurugram
The developers also asked the government to ensure that land for 24 metre roads in new Gurugram is acquired on a priority, as basic infrastructure is non-existent due to the absence of these roads.
The developers also asked the government to ensure that land for 24 metre roads in new Gurugram is acquired on a priority, as basic infrastructure is non-existent due to the absence of these roads. (HT Representationalism Photo)

Realtors in the city have called for a revision in the price of affordable housing units in view of the increase in the cost of inputs, particularly construction material and labour. The developers said that the price, fixed at 4,000 per square foot in 2014, is yet to be revised and is burdening them.

Developers also raised several other issues pertaining to the realty sector during the pre-budget consultative meeting, chaired by chief minister Manohar Lal Khattar.

Pradeep Aggarwal, chairman, affordable housing council, Associated Chambers of Commerce and Industry (ASSOCHAM), an industry body, said that the government needs to devise a mechanism so that rising input costs are factored into the pricing.

Developers said that the CM assured them that the government will look into the matter and find a possibility of linking the price of the houses with the annual wholesale price index.

The developers also asked the government to ensure that land for 24-metre roads in new Gurugram is acquired on a priority, as basic infrastructure is non-existent due to the absence of these roads. “Several projects could not offer possession due to non-construction of these 24-metre wide roads. Integrated development of sectors, including services, is also hampered due to non-development of these roads,” Praveen Jain, vice-chairman, Naredco.

The chief minister asked the department of town and country planning to conduct a detailed feasibility survey on the basis of which final plan would be created to ensure that these roads are built, said DTCP officials.

ht epaper

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