To provide affordable housing to lower-middle income and lower-income families, and revive the real estate sector in the state, the Punjab Housing and Urban Development Department will soon come up with a new affordable housing policy, said Housing and Urban Development Minister Aman Arora.
He said the draft of the new policy had been uploaded on the official website for seeking suggestions from the public.
In the new policy, Arora said, the minimum area for a plotted colony had been fixed at five acres and the minimum area required for group housing was two acres. The saleable area had been increased to 65 per cent as compared to 55 per cent in normal colonies to provide plots at affordable rates to the common man. The saleable area was being given on the total plot area of the project irrespective of any master plan road passing through it.