News: Haryana Raises Affordable Housing Rates by 10-12%-27-03-2026

Flats built under Haryana’s Affordable Housing Policy-2013 will cost more after the state government raised allotment rates by an average of 10 to 12 per cent on March 24. Prices across Gurugram, Faridabad, Sohna and other towns now range from Rs 4,250 to Rs 5,575 per sq. ft, the Hindustan Times newspaper reported.

In Gurugram the rate goes up from Rs 5,000 to Rs 5,575 per sq. ft. Balcony rates rise from Rs 1,200 to Rs 1,300 per sq. ft, capped at Rs 1.30 lakh. Sohna moves from Rs 4,500 to Rs 5,450 per sq. ft and Faridabad from Rs 5,000 to Rs 5,450. Flats in other high and medium potential towns will be priced at Rs 5,050 per sq. ft, and those in low potential towns at Rs 4,250.

The Cabinet, chaired by Chief Minister Nayab Singh Saini, approved the amendment under section 9A of the Haryana Development and Regulation of Urban Areas Act, 1975, an official statement said. Allotment rates are prescribed in Clause 5(i) of the policy. They were fixed in 2013 and revised in 2021 and 2023. The statement said a representation had been examined and an increase was felt necessary to encourage affordable group housing (AGH) projects and extend the policy’s benefits to targeted beneficiaries.

The new rates apply to all licences under the policy where allotments are yet to be made. Where applications have already been invited, the draw will be held on the basis of existing applications and the differential amount recovered from successful applicants. Ongoing projects in which the department of town and country planning has already made allotments are not affected, the government order said.

Real estate experts expect the revision to add around Rs 3-4 lakh to the cost of a unit, while helping revive stalled projects and prompt new launches.

Santhosh Kumar, vice chairman, ANAROCK Group, said the change is meant to make affordable housing viable for developers again amid rising land and construction costs. Buyers may pay more, he said, but homes will be available again and completed faster, and greater supply can stabilise prices over the long run.

Pradeep Aggarwal, founder and chairman, Signature Global (India) Ltd, welcomed the decision as measured relief but said the operating environment remains complex. Land prices have escalated significantly over the last couple of years, often outpacing price caps, while steel, cement and labour costs have risen steadily, making it difficult to launch and sustain projects within the existing framework. He said rates should be further aligned with market reality and actual construction costs for the affordable housing mission to thrive.