+
Haryana opens door for commercial units in licensed colonies
Real Estate

Haryana opens door for commercial units in licensed colonies

Haryana residents are on the brink of a transformative opportunity as the state approves the registration of independent floors within licensed colonies as commercial entities. A provision that was previously limited to residential units now extends to the commercial sector, marking a strategic shift in urban development.

The Haryana Development and Regulation of Urban Areas (Second Amendment) Bill, 2023, modifies Section 3-C of the act and has garnered approval from the state assembly. Notably, this amendment restricts registration to one residential or commercial unit per floor.

Anticipated to significantly attract professionals, this move empowers them to acquire personal office spaces or business locations on independent floors. Chief Minister Manohar Lal highlighted that while registration of independent floors as commercial units in licensed colonies was previously limited to sectors developed by the Haryana Shehri Vikas Pradhikaran (HSVP), this legislation aligns those in private ventures with equal opportunities.

The decision, a boon for private builders with "shops-cum-offices," opens avenues for developers to efficiently manage their inventory. Pradeep Aggarwal, founder of Signature Global (India), commended the government's progressive move, emphasising its potential to stimulate investment and business growth. This dynamic shift signifies the state's commitment to fostering a conducive business environment while ensuring urban development remains efficient and all-encompassing.

This reform's implementation is set to unleash business, investor, and entrepreneurial potential. The flexibility it offers holds the promise of attracting both domestic and international enterprises, further elevating Haryana's stature as an investment haven.

Haryana residents are on the brink of a transformative opportunity as the state approves the registration of independent floors within licensed colonies as commercial entities. A provision that was previously limited to residential units now extends to the commercial sector, marking a strategic shift in urban development.The Haryana Development and Regulation of Urban Areas (Second Amendment) Bill, 2023, modifies Section 3-C of the act and has garnered approval from the state assembly. Notably, this amendment restricts registration to one residential or commercial unit per floor.Anticipated to significantly attract professionals, this move empowers them to acquire personal office spaces or business locations on independent floors. Chief Minister Manohar Lal highlighted that while registration of independent floors as commercial units in licensed colonies was previously limited to sectors developed by the Haryana Shehri Vikas Pradhikaran (HSVP), this legislation aligns those in private ventures with equal opportunities.The decision, a boon for private builders with shops-cum-offices, opens avenues for developers to efficiently manage their inventory. Pradeep Aggarwal, founder of Signature Global (India), commended the government's progressive move, emphasising its potential to stimulate investment and business growth. This dynamic shift signifies the state's commitment to fostering a conducive business environment while ensuring urban development remains efficient and all-encompassing.This reform's implementation is set to unleash business, investor, and entrepreneurial potential. The flexibility it offers holds the promise of attracting both domestic and international enterprises, further elevating Haryana's stature as an investment haven.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code