Haryana's commercial property registration spurs investment

04 Sep 2023 CW Team

Pradeep Aggarwal, Founder and Chairman of Signature Global (India), stated that this decision demonstrated a forward-looking approach that would stimulate investment and business growth in the state. He noted, "The passage of the Haryana Development and Regulation of Urban Areas (Second Amendment) Bill, 2023, demonstrates a commitment to fostering a business-friendly environment while ensuring that urban development is both streamlined and inclusive."

According to Pradeep Aggarwal, the flexibility offered by this amendment would attract both local and global enterprises, further enhancing Haryana's appeal as an investment hotspot.

Nayan Raheja of Raheja Developers commented that this move would promote the growth of the commercial real estate segment and create demand, leading to an increase in residential plot prices. He added, "As the decision permits individuals to open offices or commercial spaces on these floors, it will also drive up the rental value."

MD of Omaxe, Mohit Goel, emphasised that this decision reflected the state government's commitment to creating a thriving business environment and fostering a conducive business atmosphere.

Previously, such a provision was exclusively applicable to residential properties. Vishal Raheja, MD of InvestoXpert.com, pointed out, "This decision aligns with the evolving entrepreneurial landscape, recognising the importance of flexible space utilization. Just as adaptable work models have gained traction, the government is adapting its policies to catalyse growth."

By bridging the gap between statutory provisions and market demands, this move will empower businesses and bolster investor confidence, as per industry experts.

Also read:
UPRERA refunds 1.39M to Greater Noida project allottee
Luxurious Nizamuddin bungalow fetches whopping Rs 620 million

Industry experts have expressed their belief that the decision by the Haryana government to permit the registration of commercial properties as independent floors in licensed colonies would benefit the real estate sector in the region. Pradeep Aggarwal, Founder and Chairman of Signature Global (India), stated that this decision demonstrated a forward-looking approach that would stimulate investment and business growth in the state. He noted, The passage of the Haryana Development and Regulation of Urban Areas (Second Amendment) Bill, 2023, demonstrates a commitment to fostering a business-friendly environment while ensuring that urban development is both streamlined and inclusive. According to Pradeep Aggarwal, the flexibility offered by this amendment would attract both local and global enterprises, further enhancing Haryana's appeal as an investment hotspot. Nayan Raheja of Raheja Developers commented that this move would promote the growth of the commercial real estate segment and create demand, leading to an increase in residential plot prices. He added, As the decision permits individuals to open offices or commercial spaces on these floors, it will also drive up the rental value. MD of Omaxe, Mohit Goel, emphasised that this decision reflected the state government's commitment to creating a thriving business environment and fostering a conducive business atmosphere. Previously, such a provision was exclusively applicable to residential properties. Vishal Raheja, MD of InvestoXpert.com, pointed out, This decision aligns with the evolving entrepreneurial landscape, recognising the importance of flexible space utilization. Just as adaptable work models have gained traction, the government is adapting its policies to catalyse growth. By bridging the gap between statutory provisions and market demands, this move will empower businesses and bolster investor confidence, as per industry experts. Also read: UPRERA refunds 1.39M to Greater Noida project allotteeLuxurious Nizamuddin bungalow fetches whopping Rs 620 million

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..