[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
GURUGRAM: None of the 60-odd developers, who had applied to build affordable housing projects in Gurugram and Manesar under DTCP’s (department of town and country planning) scheme, have received licences for these projects till date.
DTCP had launched the scheme on land totaling 1,650 acres in the two cities, targeting three lakh affordable housing units.
City developers believe there is a demand for afforda ble housing, and an increase in supply will attract buyers, reviving the moribund real estate sector. Accordingly, they sought the state government’s support, and single-window clearance to speed up the process.
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