AFFORDABLE HOUSING POLICY

AFFORDABLE HOUSING POLICY 2013

1. FOREWORD:
(i) This policy shall be known as „Affordable Housing Policy 2013‟. All references to „policy‟
in this document shall imply to „Affordable Housing Policy 2013‟.
(ii) This policy is intended to encourage the planning and completion of „Group Housing
Projects‟ wherein apartments of „pre-defined size‟ are made available at „pre-defined rates‟
within a „Targeted time-frame‟ as prescribed under the present policy to ensure increased
supply of „Affordable Housing‟ in the urban housing market to the deserving
beneficiaries.
(iii) Any project for which licence is granted under the present policy cannot be converted into
a normal group housing colony under any situation and irrespective of whether or not it
falls within the 20% residential sector area limit prescribed for group housing projects.
(iv) All such projects shall be required to be necessarily completed within 4 years from the
approval of building plans or grant of environmental clearance, whichever is later. This
date shall be referred to as the „date of commencement of project‟ for the purpose of this
policy. The licences shall not be renewed beyond the said 4 years period from the date of
commencement of project.

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