Govt bonanza for affordable developers, rate increased to ₹5,000 psf
The Haryana government has increased the allotment rate of affordable housing units by an average of 20% in a bid to revive the sector. The rate in Gurugram and Faridabad has been raised from INR 4,200 ($60) per sq ft to INR 5,000. Developers have welcomed the move, but housing experts have warned that it will make affordable homes more expensive and less accessible to the common man.