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Gurugram developers demand lifting of ban on fourth-floor policy

Priya Singh | 2023-10-21

The Gurugram Home Developers Association said the ban had resulted in losses for plot owners, contractors, and developers who had invested in such plots
The Gurugram Home Developers Association demanded on Sunday that the government lift the eight-month-long ban on the construction of a fourth floor and a stilt on residential plots, claiming that the ban had resulted in significant losses for plot owners, contractors, and developers who had invested in such plots. According to the association, permission should be granted as per the old zoning plan as soon as possible, or else all stakeholders will continue to suffer heavy losses.
president of the association, told a press conference on Sunday that under the old zoning rules, property owners were required to leave more space for setbacks in the front and rear of the building, resulting in more open spaces between structures. “The fourth-floor ban was imposed in February, and the government formed a committee that submitted a report four months ago, but no decision has been made. This policy limbo has impacted at least 500 plot owners and contractors
The association said that the ban has increased the price of plots by nearly 15%, while the supply of residential homes in the form of floors has decreased significantly. “The availability of flats in the city was already low due to the launch of few new group projects in 2020 and 2021, but the floors made up for the shortage. The ban has really put property owners, contractors, and brokers in a bind because several people have taken out loans and invested money to build a fourth floor,

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