Commercial Registration Now Available for Independent Floors in Haryana’s Licensed Colonies

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    Haryana has greenlit a progressive measure, permitting residents to officially register independent floors within properties located in licensed colonies as commercial units. This move, which expands beyond the current scope limited to residential units, is poised to create a surge in demand from professionals seeking to secure personalized office spaces or business locations.

    The Haryana Development and Regulation of Urban Areas (Second Amendment) Bill of 2023 has been ratified by the state assembly, bringing a crucial amendment to Section 3-C of the existing act. This alteration paves the way for the registration of one residential or commercial unit per floor, establishing a clear regulatory framework.

    Industry pundits view this development with optimism, anticipating a spike in interest among professionals who can now attain ownership of office spaces or business venues on independent floors. This change is anticipated to offer substantial benefits, especially for those operating within budget constraints.

    Historically, registering independent floors as commercial entities within licensed colonies was exclusive to sectors developed by the Haryana Shehri Vikas Pradhikaran (HSVP), the state’s urban planning and development authority. In alignment with the commercial development offered by HSVP, Chief Minister Manohar Lal has proposed the amendment to Section 3-C of the Act. This amendment strives to provide an equal opportunity to register independent floors within commercial plots situated in licensed colonies.

    Ashim Chowdhury, Vice President of Research at ANAROCK Group, emphasizes that this development could catalyze heightened demand. Prospective buyers or investors can now acquire portions of buildings for personal use or leasing, ushering in a potential surge in interest from professionals aiming to secure dedicated office spaces and business sites. Notably, this alteration could particularly impact spaces like shops-with-offices, commonly developed by private builders. Furthermore, this revision provides developers with an avenue to effectively manage existing inventory.

    Industry stakeholders applaud the decision, perceiving it as a progressive step. Pradeep Aggarwal, Founder of Signature Global (India), lauds the Haryana government for embracing a forward-looking approach. He highlights how this move showcases the state’s commitment to cultivating a business-friendly environment while streamlining urban development inclusively.

    Also read: Gurugram Authorities Launch Crackdown on Unauthorized Construction in Licensed Colonies

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