Overview of the housing situation in gurgaon
The two decades have not been favorable for Gurgoans as the population surge was unforeseen. It’s quite right to say that the city’s expanding population has placed enormous pressure on the state’s planning department. The housing authorities, however, Promote high-rises, arguing that that was the only way to have collective housing which meets the needs of the growing population. But of course, the haryana government constructed at least 50 plotted towers in Gurugram by that point in time, and privatized developers constructed even more. Gradually, these plots, which were restricted to the construction of up to three floors, were exhausted. For the past 15 years, Gurgaon has been growing at an average annual rate of over 200,000 people, meaning housing units were in high demand.
The Need for Additional Floors to be Constructed
It became inevitable, as more families were split into nuclear families within the group housing projects, which left each plot with one additional floor that was needed in each tenure. It also made more sense in the context of the escalating land costs in Gurgoan not to purchase a different plot and build a different apartment as to, rather, just add one on or above the third floor.
As a result, there was an increasing need for a new floor or fourth floor i.e. stilt plus four. In the opinion of the state government, it was finally feasible to register the fourth floor, which seemed to be a breakthrough in Haryana since it provided a lot of relief to the family which was required to build another or a fourth floor due to the growing needs of the family. This decision also paved the way for greater number of families to be housed in new constructions that were to be built on the plots. This decision was taken by the government after a prudent understanding of the situation and people’s report of Gurgaon, which in every sense is witnessing a construction boom in the recent years.
Independent Floors: Satisfying Market Needs
Because buyers, primarily the mid-segment, began to favor the government floor system and the fourth-floor system was permitted, the independent floors system became quite popular in Gurgaon. Many real estate developers launched new projects of this type in the new sectors of Gurgaon along the Dwarka expressway and Sohna, and even had plans to extend to the emerging places like Farukhnagar and Pataudi apart from Sohna. Given that the NCR Regional Planning Board has concentrated its attention on Gurgaon as regards road/rail infrastructure development, so urban corridors have become the order of the day.
Improved Factory Connection and Real Estate Development
Gurgaon is now linked with the other states, and in addition to the KMP, the Gurgaon – Alwar Highway and Dwarka Expressway the Delhi Mumbai corridor is expected to create both industrial and trade corridors from the South of the country to the northern region focusing on him and this is because this city is turning to be a center for automobile and garment industries other than the IT and MNC’s.
A Policy Which is Focused on the Stakeholders’ Adjustment
In that case, the policy of the fourth floor that was held by the Haryana government was a sound decision and in light of the growing housing requirements. It is a classic win-win game for all the three parties home buyers, promoters and the government. In the very near future, Gurugram is predicted to be a global city with sophisticated and advanced technology, providers of worldwide rail systems, the largest jungle safari in Asia and other robust infrastructure such as an artificial lake and even the landscaping of Najafgarh wetland with a large amount of populace that will in turn generate a higher demand for shelters.
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