On Friday, the Cabinet meet held under the chairmanship of Chief Minister Manohar Lal Khattar and approved changes to the Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy. The Deen Dayal Jan Awas Yojna-Affordable Plotted Housing Policy, 2016, had a clause that barred the freezing of 50% of the saleable area.
This change appears to have boosted the real estate market and ensured that the advantages of affordable housing projects reach end users. During the Friday Cabinet meeting, which was chaired over by the chief minister, Manohar Lal Khattar, changes to the policy were accepted.
All this is done to make sure that the welfare of affordable housing projects is affordable to the consumers. As per the improvement, the coloniser will now be required to mortgage residential plots that consist of a saleable area of 10%, against the bank guarantee required on account of IDW as well as EDC in favour of the director as a matter of safety in contrast to any possible lawbreaking in the completion of the project.
Additionally, the developer will have the option to build a community site based on requirements at its own expense for use by colony residents as a whole unit and to provide facilities to the community.
In addition, the coloniser will not be permitted to receive profit from the community development through membership fees or pay other charges. Before getting a certificate of final completion, colonisers must get an occupation certificate for the community site.
hat Do You Mean By Deen Dayal Jan Awas Yojna (DDJAY)
Deen Dayal Jan Awas Yojna is a Haryana government’s initiative to boost high-density planned clusters converted into medium and low-potential towns of Haryana by liberal policy context. The ultimate motto behind the launch of DDJAY is to establish the unauthorised colonies and achieve the target of housing for all by the end of the year 2022.
As per the law, the builders are permitted to build a housing society having a 5–15 acres bank of land. Home buyers can avail loans up to 75% of the total sum of the plot value, and 90% of the builder floor and flats. The loan can be disbursed by any public or private bank under the Pradhan Mantri Jan Awas Yojna (PMAY).
The medium potential towns have a plot size of 150 sq. ft. at a cost of 1 lakh per acre licence fee with a density of between 240 and 400 people. On the other hand, the low-potential city has to pay 10,000 with the same population density. So, all these efforts towards the DDJAY scheme certainly reduce the number of unauthorized colonies in the state of Haryana. The allotment of the project is on the basis of first come, first served, as with other affordable housing schemes.
As Per The Recent Amendment
This decision surely allows the sale of more area under the DDJAY and will boost affordable housing in Gurgaon. The developers will get the option to construct a need-based community site on their own cost for the use of the colony residents at a whole.
The amendment will not be allowing to earn any profit like membership charges in the community building. They are required to get an occupation certificate for the site before granting the final completion certificate. With eyeing all these aspects, the cabinet approved the Haryana Land Pooling Policy-2022. The landowners will be partners in the development process as it aims to offer the maximum benefit to them with the allotment of land with the cost of raw land.
The Cabinet Approved The Haryana Land Pooling Policy 2022
According to the Haryana Land Pooling Policy 2022, it offers maximum benefit by linking the allotment of land to the raw land cost. This is a policy to count the land bank available for urbanization purposes and consider landowners to play a part in the development process.
The prime objective of the policy is to achieve the target of planned development through the direct involvement of land owners. The (HSVP) Haryana Shehri Vikas Pradhikaran, the urban development body to develop residential and commercial properties.