Latest Property Developments in Amritsar

Latest housing projects in Amritsar are much sought after and are regarded as a viable option for owning homes in the city. As the property prices in prime localities of the city have started to show an upward trend following the high demand of Amritsar properties , people find it too difficult to realize their dreams of owning houses. The housing projects running under various property development plans by the state owned authorities are showing lights of hope for such hapless people. Hence, every new housing project in the city is anxiously waited for and when it forays into the market, is heartily welcomed by each and all. The current housing schemes aim at providing affordable housing solutions for a majority of local population. If you want to know latest news about the housing projects in Amritsar, keep surfing indiahousing.com.

Latest Housing Projects Amritsar

CM okays new private housing project rules

The Punjab Chief Minister, Capt Amarinder Singh, gave his nod to new rules to govern all private housing projects in the state.Under new rules, all developers would have to keep a total of 10 per cent of the total area of these projects to construct houses for economically weaker sections. The government would decide the price of these houses, which would be allotted or sold.

Also no investor or developer would be allowed to sell the plots till the time he got the statutory approval of site plans from PUDA or the Chief Town Planner (CTP). The state government would also be issuing its own advertisements to inform members of the public which project had got approval of its site plans from the PUDA or the CTP.
Till now, major developers had been booking flats or plots and collecting huge sums of money. Recently a Dubai-based group had been given notices by PUDA for booking plots without sanction of plans.
The committee approved 27 new mega-projects to be set up in Punjab with an investment of Rs 10,481 crore, with employment generation potential of more than 50,750 jobs for the unemployed youth of the state.The committee also approved six projects of multiplexes and five of hotels in districts of Patiala, Pathankot, Amritsar, Jalandhar, Ludhiana, Ropar and Bathinda involving an investment of Rs 2716 crore.

Website: http://punjabgovt.nic.in/

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