Will the ban on fourth floor be lifted? constructionweekonline.in
Gurugram developers have taken a dim view of the Haryana government’s ban on the construction of a fourth floor and a stilt on residential plots introduced in February last year and demanded the moratorium be lifted as they have suffered consequential losses due to the government’s decision. Last year in October, The Gurugram Home Developers Association suggested the old zoning plan, which mandated that property owners set aside adequate space in the front and back of the building to avoid untoward incidents and to beef up the safety net, should be reinstated or else, realtors will continue to endure significant losses. The association has also shed light on the enormity of the situation pointing out that while the supply of homes in the form of floors has dropped majorly after the decision, several property owners and contractors are in a fix as they had furnished loans or invested money to construct the fourth floor before the ban was imposed.
