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The National Capital Region (NCR) has long been a land of opportunity for millions of people, with Haryana’s major centers such as Gurugram and Faridabad leading the way. For the middle class, the Haryana Affordable Housing Policy represented the ultimate beacon of hope—the opportunity to own a home in a great location without being trapped in a lifelong debt cycle. However, that dream is today being put to the test.
In recent months, the gears of this showpiece scheme have come to a stop. Prospective purchasers who were previously reading brochures are now staring at halted construction sites and a dearth of new project launches. But what went wrong in a sector that appears to be growing for premium flooring?
Table of Contents
The Cost-Price Deadlock
At the heart of the crisis is a growing disparity between government-mandated price limitations and the real cost of building a house. The Haryana government has set the sale price of affordable homes at ₹5,000 per square foot in places such as Gurugram and Faridabad.
While this seems good for customers, developers have a different perspective. Over the last few years, the numbers have simply ceased adding up.
Skyrocketing Land Values
Over the previous five years, land prices in Gurugram’s major industries have more than doubled. When the cost of the dirt underlying the building skyrockets, placing a project into a “budget” price band becomes an architectural and financial miracle that few dare to try.
The Construction Inflation
It isn’t just the land; it’s the bricks and mortar too. Construction costs have risen by an estimated 25% to 30%, owing to rising steel, cement, and labor prices. Developers believe that developing a quality apartment at the existing price cap is no longer a feasible business model and will result in financial loss.
A Freeze on New Licenses
The effects of the economic downturn are obvious in the data. Officials from the Town and Country Planning (TCP) Department have stated that no new licenses for affordable housing developments have been issued in Gurugram in nearly two years. The Gurugram-Manesar Master Plan area, which was previously a hotspot of budget launches, has seen no new projects in this time span.
The “policy paralysis” has led to a shortage of dwellings priced between ₹26 lakh and ₹35 lakh, affecting the average person. Instead, the market is being swamped with premium and luxury categories with no price limitations, pricing the “Aam Aadmi” out of the cities they help construct.
The Developers’ Dilemma
Real estate bodies like NAREDCO and the CREDAI have been vocal about the need for an urgent policy overhaul. They are seeking for survival, not just better prices.
Pricing Revision: Stakeholders want to see at least a 25% rise in the mandated sale pricing to reflect market realities in 2026.
External Development Relief: Many people are advocating for a remission or decrease in External Development Charges (EDC) to help offset excessive land expenses.
Continuous Framework: Rather than “batch-based” schemes, developers want an open and continuous policy framework to ensure a steady pipeline of housing supply.
What This Means for Homebuyers
For thousands of salaried professionals and young families, the wait is growing longer. Many had hoped for the Chief Minister’s Urban Housing Scheme or private affordable housing developments along the Dwarka Expressway. With no new launches, the secondary market is experiencing a price increase, and rentals in these locations are rising as individuals are obliged to stay in leased housing.
The feeling on the ground is clear: the policy’s aim is still celebrated, but its execution requires an update by 2026. Without a price structure adjustment, “affordable housing” risks becoming a concept found only in policy documents rather than on the skylines of Haryana’s NCR cities.
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