Chandigarh, April 8 The Haryana Cabinet on Wednesday approved a key amendment to the Retirement Housing Policy to support the aging population and address their specific housing and lifestyle needs.
The cabinet, which met here under the chairmanship of Chief Minister Nayab Singh Saini, approved an amendment to the policy for planned development of retirement housing through the grant of licenses under the Haryana Development and Regulation of Urban Areas Act, 1975, an official statement said.
The amendment to the Retirement Housing Policy 2024 has been introduced to better cater to the needs of the aging population, keeping in view their specific housing and lifestyle requirements, it added.
According to the revised provisions, under Clause 5(ii), the approach norms prescribed in the policy dated October 20, 2020, as amended from time to time, shall continue to be applicable only for the grant of additional Floor Area Ratio (FAR) as under the TDR policy.
Further, in line with the provisions of the Transferable Development Rights (TDR) Policy, 2021, the cabinet has approved an increase in the permissible FAR for Retirement Housing Colonies.
The additional FAR through TDR has been enhanced up to 3.0 against the existing permissible FAR of 2.25 under the retirement housing.
The proposal was approved with the following amendments, including that pending applications will be dealt with in accordance with the existing policy of 2024. The benefit of additional FAR under TDR will be given only to those licenses which have been approached as per the policy dated October 20, 2020.
The amendment follows a representation received from the BRICS Chamber of Commerce and Industry, New Delhi, seeking changes in the existing policy framework for its effective implementation, the statement said.