Haryana Bans Fourth-Floor Property Transactions

31 May 2024 CW Team

Haryana's real estate sector faces a regulatory overhaul as the state government implements a ban on the sale or purchase of properties located on the fourth floor in buildings constructed after 2023. This move aims to address concerns related to safety and compliance, signalling a pivotal shift in the region's property market dynamics. The restriction applies to new constructions, altering the landscape for both developers and potential buyers.

This decision comes amidst growing scrutiny of building regulations and safety standards in Haryana's burgeoning urban areas. By prohibiting transactions involving fourth-floor units, authorities aim to mitigate risks associated with structural integrity and adherence to building codes. The move underscores the government's commitment to prioritising public safety and ensuring the quality of urban infrastructure.

Key stakeholders, including developers and real estate investors, are closely monitoring the implications of this policy change. Developers may need to reassess project designs and marketing strategies to comply with the new regulations, potentially affecting project timelines and profitability. Prospective buyers must also consider the impact on property values and availability, as the ban reshapes the supply and demand dynamics in the real estate market.

The ban on fourth-floor property transactions in Haryana represents a proactive approach to address regulatory gaps and enhance urban planning standards. It reflects the government's proactive stance in fostering sustainable development and ensuring the safety of residents. As the real estate sector adapts to these regulatory changes, stakeholders must navigate evolving market dynamics while upholding compliance with prevailing laws and regulations.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..