Gurgaon goes for 3 lakh low-cost housing units

In a major booster to the affordable housing in Gurgaon, the department of town and country planning (DTCP) invited fresh applications for licences to build over 3 lakh affordable housing units in and around the satellite city. Based on the earlier cap, DTCP had issued affordable housing licences to over 331 acres land parcels, on which around 46,000 units are at different stages of completion, in sectors along Northern Peripheral Road (NPR), also known as Dwarka expressway, and Southern Peripheral Road (SPR). It may be recalled that Gurgaon district is covered by three development plans, for Gurgaon, Sohna, and Gwalpahari. The three plans have been amended, thus, Gurgaon-Manesar Development Plan will hereon reserve 1,650 acre for affordable housing, while Gwalpahari will have 15 acre and Sohna 270 acre, for the same. Based on this, sectors 1-115 of Gurgaon will eventually have around 2.97 lakh units of affordable flats, with a further 48,600 in Sohna and 2,700 in Gwalpahari. Commenting on the development, MD, CHD Developers, Gaurav Mittal said that this will increase supply of affordable housing and competition among developers will eventually benefit buyers.