New projects with over 3 lakh affordable homes await nod
The affordable housing sector in Gurugram, one of India’s largest real estate markets, is expected to see a significant boost as 74 new licence approvals are pending with the department of town and country planning (DTCP). This is apart from the 55 affordable housing projects that are coming up on around 310 acres in Gurugram and Sohna.
The developers, seeking licence for the new affordable housing projects, intend to construct around three lakh units on 380 acres of land in Gurugram. In Sohna, six new licences are likely to be granted for construction of affordable housing projects on around 30 acres of land, officials said.
In February, DTCP invited fresh applications for licences to build over 3 lakh affordable housing units.