Affordable housing scheme gets maximum response from Gurgaon

Of the 56 applications the Haryana government received from builders for the construction of housing projects under its Affordable Housing Policy, 48 are from Gurgaon. 

The state government notified the policy on Monday and invited developers to apply for the scheme, which aims at providing affordable housing units to persons belonging to economically weaker sections. 

On the very first day, 56 realtors submitted their applications. The huge response from Gurgaon builders indicates that there’s a huge demand for affordable houses in the city. 

Of the rest, six applications were received from developers in Faridabad and one from Jhajjar and Karnal each. According to experts, the policy would help checking illegal constructions and also act as a breather for the otherwise sluggish real estate market. 

“The policy will rekindle hope for the common man, as it has a provision for higher population density norms of 850-900 people per acre as against the prevalent figure of 300,” said National Real Estate Development Council (NAREDCO) president Navin Raheja. For a city like Gurgaon where a two-bedroom apartment sells for anywhere between Rs. 75 lakh and Rs. 1 crore, the new policy has brought a ray of hope for people of low income groups as they would be able to buy a 300 sqft house for as low as Rs. 12 lakh through draw of lots. The price for a 645 sqft flat would come to about Rs. 25 lakh. 

The maximum allotment rate for the apartment units approved under such projects will be — Rs. 4,000 per sqft of carpet area in Gurgaon, Fairdabad, Panchkula and Pinjore-Kalka; Rs. 3,600 per sqft for other high and medium potential towns and Rs. 3,000 per sqft for the remaining low potential towns. 

In case the builder fails to complete the project, renewal of license will not be allowed by the DTCP as per the regulation

Affordable Housing Policy,2013

Haryana Government’s Department of Town and Country Planning notified an affordable housing policy, 2013 to facilitate additional affordable houses in urban areas of the state. The policy would help to encourage planning and completion of Group Housing Projects. All such projects would be required to be completed within four years from the approval of the building plans or grant of environmental clearance whichever is earlier. 

As per policy, the projects would be allowed in residential zones of notified development plans of various towns and cities. The license for such housing projects would be given on a first come first serve basis. Under the Policy, the size of apartments to be constructed will be in the range of 28 square meter to 60 square meter carpet area. 

The project is estimated to be completed within 4 years period from the date of approval. Through this policy, the state government plans to make available close to 1 25000 affordable dwelling units which have carpet area of approx. 500 Square Feet carpet area each in the urban centers of Haryana. It will benefit lower and lower-middle class population of approximately six lakhs in the urban centers of Haryana in the next five years period.

Toyota Kirloskar Motor sells 15,201 units in August 2013

September 1, 2013 Bangalore: Toyota Kirloskar Motor registered total sales of 15,201 units in Aug 2013 when compared to 16,225 Units in Aug 2012. Sales declined by 6%. The company exported 3,194 units of the Etios series last month. 

The company sold 12,007 units in the domestic market in August 2013 as compared to 13,995 units in August 2012. 

Commenting on the sales in August 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “With the rupee depreciation and rising inflation we have increased the prices of Camry Petrol and Fortuner. The prices have been increased by 1%. 

Last month we launched the Camry Hybrid, this is in line with offering advanced technology to our customers and encouraging the use of hybrid in India thereby contributing to a greener tomorrow. 

The market is still sluggish, however we hope to see the market improve with good monsoons and the upcoming festive season." 

For more info on our product & services visit:http://www.toyotabharat.com

Source: http://www.prlog.org/12203385-toyota-kirloskar-motor-sells-15201-units-in-august-2013.html

Toyota Kirloskar Motor sells 14,470 units in July 2013

Aug 1, 2013, Bangalore: Toyota Kirloskar Motor (TKM) registered total sales of 14,470 units in July 2013 when compared to 16,062 units last year. Sales declined by 10%. The company exported 2,955 units of the Etios series last month. 

The company sold 11,515 units in the domestic market in July 2013 as compared to 14,574 units in the corresponding month in 2012. 

Commenting on the sales in June 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “Market continues to be sluggish and it seems that we are heading for tougher times in view of the current market outlook.” 

For more info on our product & services visit:http://www.toyotabharat.com

Source: http://www.indiaprwire.com/pressrelease/auto/20130802221986.htm