Find Your Home Of Dreams Under Affordable Housing & DDJAY
Haryana Government is doing an outstanding job to provide “Housing for All by 2022”. The two prominent schemes launched by the Haryana Government are Haryana Affordable Housing Scheme and Deen Dayal Jan Awas Yojana (DDJAY). Just to attract renowned developers towards the affordable housing segment, Haryana Government has declared incentives for promoters of affordable housing projects last year.
The government has given relaxation in the policies for affordable housing projects under DDJAY. In order to keep the housing cost low, several steps have been taken by the State Government.
- The external development charges (EDC) under DDJAY projects have been kept low as compared to the standard projects.
- The minimum land requirement for an affordable housing project is reduced to 5 acres (earlier 10acres).
- Increased FAR from 1.75 to 2.25 acres
- Increased density from 450 PPA to 900 PPA
- Limited common amenities
- Zero IDC and License Fee for the developer
Under Analytic Hierarchy Process (AHP), the developer can construct 98,010 sq ft compared to 76,230 sq ft earlier. Because of the increase in density, the developers can now use the complete 2.25-floor area ratio (FAR). It allows developers to construct more apartments per acre. Earlier the developer can only build 48 apartments per acre, but now with the change in policies, the developer can build more than 100 apartments per acre. All of these policies will surely help in making the project affordable for the customers.
The aim of introducing the Deen Dayal Jan Awas Yojana (DDJAY) scheme is to develop “high density plotted colonies” in the small town and outskirts of Haryana so that the lower income group (LIG) and middle income group (MIG) segment can avail the affordable housing facility. This will help in achieving the goal of ‘Housing for All -2022’.
There are certain guidelines for affordable housing project under DDJAY which developers needs to fulfill.
- The construction is to be completed within a span of 7 years.
- As per the policy, the construction can be done only on the 30 % of the total area of an allocated residential sector.
- As per this scheme, the total area of the colony is up to 15 acres where the first license would be allocated for 5 acres or more area and additional license would be given for a minimum 2 acres.
The Final Note
Schemed are already under work to solve the problem of unorganized colonies and offering affordable houses. However, the biggest hurdle in this direction is raising cost of raw material and the cost of land when it comes to delivering affordable housing to the people. If the problem persists then the developer’s profit will remain at minimum and many developers will prefer staying away from making affordable houses. It is suggested that a healthy and conducive environment should be created so that every developer shows up with some contribution towards the goal.