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real policy DDA’s green signal 
Notwithstanding the fact that the Delhi Development Authority (DDA) has built a shoddy reputation for itself over the years for a number of reasons, it seems that it is keen to improve now — something that augurs well for the national capital.As developers are gearing up to perform well, these plans by authorities like DDA will go a long way in making our cities better places to live in.
real issue
tax tips
vaastu wisdom
Green house
delhi real estate: ashok vihar
Decor
Trends
Launch
Pad
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real policy
Notwithstanding the fact that the Delhi Development Authority (DDA) has built a shoddy reputation for itself over the years for a number of reasons, it seems that it is keen to improve now — something that augurs well for the national capital.
In order to boost green building movement in the Capital, it has come out with draft regulations for the construction of green buildings. To make Delhi a green city, DDA will be giving incentives to all those constructing green buildings. In a nutshell, the construction of such energy efficient, green buildings in Delhi could soon mean extra ground mileage, floor area ratio (FAR) and 10 per cent rebate in property tax, too. That is really great news for the lovers of green buildings. “I can only say that it is better late than never for the DDA as it is making all out efforts to encourage people to make green buildings. It is a very good move. Let’s hope that DDA will shed its age-old tag of being a ‘corrupt’ body and make Delhi a better place to live,” says Alimuddin Rafi Ahmad, Managing Director of ILD group. Such bonuses by the DDA for the construction of energy-efficient buildings will help in promoting the demand for these units not only in Delhi but in other regions as well. “The entire concept of green buildings is a crucial step in the development of smart cities across the nation. Not only do these units promote sustainable development but also enhance the standard of living of residents and users. With such bonuses attached by DDA, it is for sure that developers of NCR will now focus more on building these units which might divert the attention of other authorities here as well”, feels Ashok Gupta, director of Ajnara group. It goes without saying that what DDA does, other authorities follow. That is why when DDA is making big leap to make Delhi a ‘green’ city, the realty community is also very excited. Sushant Muttreja, CMD, Cosmic Group believes that “ DDA’s decision will bring about a transformation in the real estate sector; as at present there are a lot of luxury projects but these do not meet the standards of a true green building. When such incentives will be offered on the construction of energy-efficient units, developers in other regions will also be provoked to develop green buildings. Authorities in Noida, Greater Noida, Yamuna Expressway, Gurgaon and other regions have been open to suggestions and ideas; hence we believe that very soon other authorities might also look to promote this concept this way”. “It is really sad that a country like India, which is energy starved, took so much time to accept green buildings as something which we should have accepted long time back. I only hope that other authorities like DDA will also come up with such incentives to boost green building culture,” says Nikhil Jain, CEO of Ramprastha Developers. Satyendra Tomar, Chairman- IGBC, Lucknow, says, “The feasibility of such an initiative is possible if the government brings changes in environment approval process and expedites the approval of green projects. Projects that target gold and platinum certifications of IGBC should get automatic EC approvals.” Arvinder Singh, MD, Agrante Realty Limited says, “I feel that green buildings are the structures of the future. We are living in an era where natural resources are limited and we need to find alternatives to keep moving ahead. Whatever we will save today will help shape a better future tomorrow, so why not innovate. A 2 BHK of a green building might be higher in price than a regular 2 BHK unit but after few years, there will higher savings generated by the green unit than the regular one.” A senior official of DDA said that Lt. Governor of Delhi Najeeb Jung, who also directly looks after the affairs of DDA, took personal interest so that the development authority worked faster to make green buildings in Delhi”. “Who knows the importance of energy than Jung as he is an authority on energy-related matters”, he added. Meanwhile, the draft regulations, which would be a part of the Master Plan of Delhi 2021, once notified, will be made available in the public domain for suggestions and objections. Although, to get the benefits, one will have to get a certification from GRIHA for green buildings, only then will the eligibility be accepted. Experts in the sector believe that this news has created a spark in the sector with developers in NCR now eagerly waiting for this decision to be carried to the other regions as well. Sanjay Khanna, director of Kailashnath Projects Pvt. Ltd., says it is a structure that uses lesser water, optimises energy efficiency, preserves nature’s resources, generates far lesser waste than other buildings and thus provides a healthier environment for the residents. Two of the
most used resources by any resident or user in any building are water and energy. The main purpose of a green building is to reduce the water and energy cost and consumption. Deepak Kapoor, Director, GulshanHomz states that “The government has laid down a well-planned strategy for the development of homes in order to meet its goal of housing for all by 2022. The plan began with DDA and HUDA housing schemes which have been much complemented by lowering home loan rates, making available land parcels and much more. Now with DDA’s incentive plan for green homes, this will again open the doors for the better development which will fall in place with plans for development of smart cities. As this concept gets widely accepted and executed in Delhi, developers of NCR will also come out with these concepts more often which might even make the authorities offer such incentives in other regions a well”. “The new government has been proving its mettle with a series of crucial steps for the nation’s growth. This incentive structure offered by DDA is expected to revive the much saturated Delhi market. The demand for green homes is sure to rise as this incentive plan becomes operational. If it proves to be successful, other authorities might also mimic the plan to offer bonus to developers constructing green home units in NCR,” G. V. Shashidhar, CEO, casohome.com concludes. Measures proposed by DDA
Incentives proposed for green buildings
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real issue
For example, if a brother wants to transfer his shop-cum-flat in Mohali to his brother, the beneficiary has to pay around Rs 8 lakh as the registration charges. Compared to this, the beneficiary has to pay Rs 10,200 in Chandigarh and Rs 15,000 in Panchkula for the same job. At present the value of an SCF site in Mohali on the basis of collector rate is calculated at Rs 1.59 crore and thus the charges of registration come to around Rs 8 lakh. In Mohali and Panchkula, the transfer of property among the legal heirs is allowed on the fixed charges, irrespective of the size and location of the property. A former councilor and president of the property consultant association, NK Marwaha, said, “The Punjab Government should exempt the payment of social security, infrastructure charges that is charged as part of the registration fee and bring it at par with Chandigarh and
Panchkula.”
Demand for property transfer rules for grandchildren Kamaljit Singh Panchhi, president of Chandigarh Property Consultant Association, has urged the UT to make provision for transfer of property to grandchildren and among sisters. At present the transfer is allowed to mother, father, sons and daughters.
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tax tips However, I did not report the first two transactions in my last ITR, which I filed in July, 2014, assuming that because I had utilised the sale proceeds of the first transaction in purchasing the flat, I need not mention these transactions in my ITR. I have also not deposited the sale proceeds of the first transaction in long-term capital gain account. Kindly advise me on the following points: a) What should have been the correct course of action on my part? b) What is the way out now? c) Whether the second transaction belongs to the financial year 2013-14 or 2014-15. d) Whether the two transactions carried out in March, 2014 should have been reported in my last IT Return which I had filed in July, 2014 or not? If, yes, what is the way out now? e) What will be the LTCG in the two sales I have done? f) Whether the purchase of flat made by me neutralises all these LTCGs or not? If not, what should I do to save tax. A.Your queries are replied hereunder: a) The correct course of action on your part should have been to claim exemption in respect of the amount of capital gain arising on the sale of the plot as the entire sale consideration of Rs 10,40,000 has been utilised before the date of filing the tax return towards the purchase of a residential house. It may be added that the Assessing Officer may not allow you the exemption on the taxability of the capital gain under Section 54F of the Income Tax Act 1961 (The Act) as the residential flat has been purchased in the name of your wife. However, you should be able to get the relief at the appellate stage in view of large number of decided cases in your favour. b) You can revise the return by assessment year 2014-15 (financial year 2013-14) before March 31, 2015. It would, therefore, be advisable to do so. c) You can seek exemption from the taxability of the capital gain amounting to Rs 8,68,786 under Section 54F of the Act by indicating the sale of a plot in the relevant column of the revised income-tax return. The transaction relating to the sale of a house for Rs 25,00,000 pertains to the financial year 2014-15 and should be reported in the income-tax return for the assessment year 2015-16. d) The transaction relating to the sale of a plot on March 7, 2014 should have been reported in the return filed for assessment year 2014-15 which was required to be filed by July 31, 2014. As stated hereinabove, it would be advisable to revise the return for the said assessment year to claim the exemption. The amount of capital gain earned in respect of both the transactions is in the nature of a long-term capital gain. e) The amount of capital gain arising on the sale of a plot as well as on the sale of a house can be shown to have been utilised for the purchase of a residential flat on March 14, 2014. The exemption in respect of capital gain arising on the sale of a plot should be claimed under Section 54F of the Act. The exemption in respect of capital gain arising on the sale of a house should be claimed under Section 54 of the Act as the residential flat has been purchased within one year before the date of the sale of the house.
Tax on capital gain from under-construction flat A.On the basis of the facts in the query the sale is contemplated in 2014-2015. The capital gain, if any, arising on the sale would be a long-term capital gain as you have held a right in the property for more than three years. You have not indicated the amount paid in 2011 to the first owner. You have also not indicated the years in which further installments were paid to the builder so as to compute the indexed cost of such installments. Total indexed cost of the flat, therefore, cannot be computed. The amount of indexed cost is required to be deducted from the consideration accrued or accruing for the sale of the right in property so as to compute the amount of long-term capital gain. In view of the non-availability of these figures it is not possible to compute the amount of long-term capital gain and consequently the tax liability in respect thereof
Is the builder justified in asking for additional sum? Now, I have not paid the EDC charges on the plea that the deal was made on lump sum basis and the builder has not completed my unit and not given me the possession. Advise me about the further course of action. A.The issue with regard to the payment of EDC charges will depend on the contents of the allotment letter. In case the allotment letter contains the clause with regard to the payment of such charges, then payment will have to be made by you. In case there is no such clause the builder cannot insist for making such payment. In such a case you should approach the State Consumer Forum for getting the necessary relief.
A.According to the provisions of Section 45 of the Act, any profit or gain arising from the transfer of a capital asset affected in the previous year is chargeable to income-tax under the head “Capital Gain”. Such income is to be computed for the previous year in which the transfer took place. The word “transfer” has been defined by Section 2(47) of the Act and includes sale, exchange or relinquishment of the asset. Therefore, any profit arising on the exchange of 30 sq. m of plot is taxable under Section 45 of the Act. The computation for the amount of capital gain will have to be made in accordance with the provisions of Section 48 of the Act. The fair market value of the land exchanged by you will have to be ascertained from which the indexed cost of the exchanged land will be deducted to ascertain the amount of capital gain. The Assessing Officer has rightly observed that income under head “Capital Gain” has to be computed in respect of the transaction of exchange entered into by you.
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vaastu wisdom A.Whether you are building a new staircase or renovating an existing one, the staircase is not merely a way to get to different floors, it is a part of the decor and design theme of your home. The staircase railing that never goes out of style is a solid wooden one. Wood lasts long, looks elegant and carved railings out of, say oak wood in that lustrous red hue, are a complete show stopper. Add to that the elegance with matching wooden flooring and you just cannot go wrong with it. But these days one can also see different materials like glass, steel, wrought iron etc being used for staircases within the homes. As for the Vaastu implications in this regard one can match the material with the sunsign of the owner of the house for a positive effect. If your sunsign is Tauras or Libra, then you must opt for a glass staircase. In case the sign is Capricorn or Aquarius, then iron or steel metals should be preferred. The houseowners with Scorpio and Pisces signs should opt for wooden stairs. Cancerians can select aluminium, marble or even glass. The owners having Gemini or Virgo ascendants should go in for wooden staircases. Leos are advised to have stairs in brass, wood or even copper. However, apart from the above, the basic Vaastu principles must not be ignored in case the stairs are within the house. These are:
A.It is presumed that there is lack of free flow of positive energy when it is blocked by a dead end. There are several examples of how such a location has had a negative impact on the lives of the owners. The location of road and open space are very important in Vaastu Shastra. When a house faces a T-junction, it is like having a gun being pointed straight at the house. The T-junction acts like a funnel that draws negative energies towards the house. People staying in such houses are always in trouble. Business premises located at T-junction, too, will face instability. Take the case of the first showroom in Sector 17 in Chandigarh, which is located on the road intersecting Sectors 17 and 18. I have not seen any shopkeeper flourishing in it since 1966. Even a wine shop that was opened there had to be closed after some time. The jinx of this site is associated with its location. The solution is repositioning the front door or gate so that it does not directly face the road running up to it. If this is not possible, then a low fence or a hedge should be built with a gate as a barrier for the negative energies. — The columnist is Chandigarh based Vaastu consultant
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Green house
The queen of flowers rose has always fascinated gardening enthusiasts. A home garden is incomplete without roses. They maintain continuity of colour and elegance even when seasonal flowers fade. A gardener must appreciate that along with the flowers, it is the foliage that makes rose bushes look attractive. Therefore, round-the-year care and maintenance is desirable to have continuous impressive blooms.
The quality of flowers produced during winter months is unmatched; therefore, it is a common practice to carry out annual hard pruning of roses during the first week of October in order to have healthy blooming during December. However, due to severe cold in the region, return flowering is delayed till early March, when the bushes again come to perfuse flowering. Flowering, however, is continuous in modern hybrid roses. Any emerging shoot from an axillary bud on the stem terminates into a flower. After the flower fades, a new shoot emerges from the lower bud close to the terminal flowering bud. Depending on the prevailing temperature conditions in this region, it would take 45 to 65 days for the new emerging shoot to produce flowers. Rose bushes keep on flowering all year round, even during the summer months, though the size of flowers is reduced during the summer months and the bushes need continuous light pruning. Pruning improves flower quality Pruning, thus, is key to proper maintenance of rose bushes. Stems that have already borne flowers may be pruned to encourage basal breaking of the buds. This will help in maintaining enough foliage and also flower production, because breaking of terminal buds on the stems that have already flowered may end gaining height up to 5-6 feet above the ground level making bottom of the plants almost naked due to leaf shedding and presents a barren look with leggy canes. During hard pruning, first of all remove dead, diseased canes with bad unions followed by broken or wounded canes. Weak canes which are thinner than pencil, canes growing in the center and which crisscross should also be cut leaving only 4-5 stems. Pruning should be done with sharp pruning shear at 45 degree angle at least quarter inch above the bud to avoid any damage to the bud leaving at least two set of leaves to maintain plant vigor. Pruning maintains good form of the rose bush and encourages new canes from basal breaks enabling plants to renew themselves year after year. Fertilise regularly Roses are gross feeders, therefore, basal application of 2/4 kg FYM along with 20 grams each of urea and murate of potash per bush should be incorporated in the FYM and put around the base of plants after hard pruning in October. Further, for healthy growth and flowering, plants need to be fertilised regularly at least 15 days interval throughout with low dose of NPK 20:20:20 @ 2 gm per liter of water. Roses are prone to diseases and insect and pests attck throughout the growing period. Aphids and thrips pose serious problems and damage the foliage as well as flowers which can be controlled by spraying chlorpyrifos 20 ec @ 2 ml per liter. Bavistin @ 2 ml per liter of water checks the fungal attack of black spot. Tips for planting Roses can be planted from September onwards till January. These should be planted in well-drained, sunny location that receives at least six hours of direct sunlight. Plant to plant distance should be two feet in the flowerbed. The bole (pit) should be two-feet wide and two-feet deep and filled with FYM and superphosphate to ensure strong root growth. Deep irrigation once a week encourages deeper roots and is preferred to light irrigation. In other words the soil must be always moist. Remove weeds as these appear, as they give ugly look and compete for food, water and space. Accordingly, remove suckers at first sight. Remove flowers regularly to encourage new growth and faster blooming. Subsequently, as the day temperature soars during summers, mulching can be done to conserve moisture and lower soil temperature.
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delhi real estate: ashok vihar
This is typically done by the local brokers and builders entering into an agreement with homeowners, who are guaranteed new houses with four storeys. While the builders get one floor to sell and retain the proceeds. Such an arrangement allows for lower liquidity infusion by the builder, as he is only incurring construction and interest costs upfront. The homeowners concerned, in turn, do not have to pay anything and get brand-new houses which they can self-occupy or sell floor-wise. In limited cases, one also sees outright sale of such houses. In such cases, the builder becomes the sole new owner and pays the homeowner the going market price for the land area of the house, and then proceeds to construct the new floors and sells them. In Ashok Vihar, the typical plot areas are 150, 200, 300 and 400 sq yd. The current land valuations are between
Rs 4,00,000 and Rs 4,50,000 per square yard. Maximum traction in terms of sales is being seen in the 150-200 sq yd plot segment. Floors in these plots typical cost between
Rs 15,000 and Rs 20,000 per sq ft. Apartment sizes are in the range of 1,100–1,500 sq ft, resulting in unit costs of
Rs 2 crore and upwards. Typically, the cost of the upper ground and first floor are the highest and do not vary much, while the top storey is more expensive as it comes with exclusive roof rights. Under the current rules, stilt parking and four storeys on residential plots are allowed in Delhi, with floor coverage reducing for the upper floors as the plot size increases. So, independent floors are the most prevalent developments here. There is healthy demand for such floors, for both outright purchase as well as for rental purposes. Rents for such floors are in the range of
Rs 30,000-Rs 35,000 per month. Most of these builder floors come with standard specifications of modular kitchen units, marble flooring and some woodwork for wardrobes and cabinets, etc. Most available residential units are in the configuration of 3 BHK and above and as described above, and independent builder floors are the most available housing options for buyers in this area. The rents vary and go up as the sizes of the apartments increase, reaching
Rs 50,000-Rs 60,000 per month for the largest plot sizes. The ticket size is higher for the larger plots, and hence sales traction tend to be lower in these configurations when compared to 100 and 200 sq yd floors. — The writer is Associate Director, Research & REIS, JLL India
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Decor
Trends
Adequate light, good ventilation, plenty of storage and fixtures that are practical yet attractive are the key elements that one should keep in mind while renovating a washroom. Although bathrooms don't need excessive decorations but they definitely need proper planning. The size of a bathroom, too, has now become a matter of concern for designers, both from decorating and space point of view. The prime concern today while designing a bathroom is to utilise the available space wisely and keep things off the floor as well as walls to avoid clutter.
Keeping this aspect in mind, multi-purpose furniture and decor pieces are the best options. One can pick a large vanity or cabinet with ample storage space, including room for a wastebasket and a sink or mirror. Make sure to include fun and playful pieces to add some flair to your bathroom. Adding pops of colour in the form of towels, shower curtain or accessories can take the bathroom look from drab to fab. A good lighting system provides shadow-less, glare-free illumination for the entire area as well as bright and uniform light for specific tasks. Since windows are a huge source of light, design the bathroom to get maximum benefit of the natural light. Investment in track lighting is a good idea for small bathrooms as it creates the illusion of a longer room. Lighting can also be used as a statement piece by installing a chandelier. This will instantly upgrade a standard bathroom into a glamorous one and will draw attention to something other than the size. Additionally opting for an opening light fixture can also create a dramatic visual effect. In case the bathroom faces a street, it may be best to use glass block, translucent glazing and decorative glass like stain or sandblasted which can be decorative while maintaining a reserved exterior. As far as curtains are concerned, purchase light coloured one's like oatmeal or cream. A bathroom is a room where one can relax and forget all the worries of the world. As a consequence there is nothing like showcasing beautiful finishes in the bathroom. The latest trend in bathroom decoration is utilising traditional materials such as wood, rock, seashells and other organic finishes. The same applies to sinks, countertops, backsplashes etc. Today, bathroom designing deals with creating practical innovations, instead of focusing on luxury alone. Although bathroom is basically a private area, it is not an excuse to keep it basic and minimalist. In fact, given the nature of the bathroom, it is a space of the home that needs a little luxury by adding not only amenities but by putting life into it. Experiment with materials, colours and textures for a unique look that expresses your personal style. The oasis of tranquility which is created will be worth all the time and effort spent. — The writer is consulting architect, Emaar MGF group
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Launch
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The project will be constructed in two categories respectively; 112 flats of 404 sq ft (approx) carpet area with a two-wheeler parking and 1,744 flats of 546 sq ft (approx) carpet area with a two-wheeler parking and 120 flats of 592 sq ft (approx) carpet area with a two-wheeler parking. The flat will be available with a cost ranging between
Rs 12,87,000 to Rs 20,28,500 per flat depending upon the category allotted. — Based on information provided by the developers Newtown Square in Gurgaon KPDK Buildtech, a venture of the renowned MKG Group, launched its maiden commercial project, ‘Newtown Square’, in Sector 95-A, Gurgaon, recently. The project is strategically located and shares neighbourhood with three major highways — Dwarka Expressway, NH-8 and KMP Expressway. It is one of the first commercial projects launched along the main Pataudi Road. It will be surrounded by high-end residential units totalling to more than 3,000 acres with a captive catchment of over one million people. The 3.1-acre project will have over 4 lakh sq ft area with shopping, retail, food court, hyper-market, banquet and serviced suites with club, spa & pool facilities. The company has promised to deliver the project in the next 36-42 months. The BSP for ground floor retail area is
Rs 11, 250 per sq ft onwards, first floor retail area at Rs 8,750 per sq ft onwards and service apartments at
Rs 7,250 per sq ft onwards.
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Adequate light, good ventilation, plenty of storage and fixtures that are practical yet attractive are the key elements that one should keep in mind while renovating a washroom. Although bathrooms don't need excessive decorations but they definitely need proper planning. The size of a bathroom, too, has now become a matter of concern for designers, both from decorating and space point of view.
In a recent order issued by the Punjab Revenue Department, the state government has exempted stamp duty on the registration of transfer of immovable property among the legal heirs. But the order is irrational as still the beneficiary has to pay 5 per cent of the collector rate as the charges towards registration of the sale deed.
Q.I sold a plot for
Rs 10,40,000 on March 7, 2014, which I had purchased for Rs 64,000 in 1998. Along with this I also sold a house for
Rs 25,00,000 on September 29, 2014, which I had purchased for Rs
8,00,000 in 2006. I purchased a flat in the name of my wife for which I paid full amount of
Rs 32,00,000 on March 14, 2014. I took possession of this flat on June 19, 2014, but its Registry has not been done till now. I am likely to get the registry done by March 31, 2015.
Q.I purchased an under-construction flat in resale from first owner in July 2011. The builder company and I entered into agreement in August, 2011. Thereafter, I made payments as per the construction-linked plan, until now I have paid
Rs 44.14 lakh and the balance amount of Rs 2 lakh will be paid on the offer of possession which is expected within the next six months. Now I want to sell this flat for
Rs 55 lakh and purchase a new ready-to-move-in flat for Rs 60 lakh. The balance amount will be paid from my savings. I want to know my tax liability. Is it long-term capital gain. 
Q.We purchased a flat in a pre-launch offer from a private builder in the year 2010. The deal was finalised for a certain lump sum amount and the same was paid in full. The builder then issued an allotment letter to us, clearly mentioning therein that the full amount has been paid and there was no outstanding amount against the buyer. No agreement deed has been entered into between us and the builder. The possession of the flat was to be given in June, 2013. Before the possession date, the builder had asked us through a letter to deposit an amount of Rs 3 lakh towards EDC (external development charges) without which possession would not be handed over. In between the builder also once demanded Rs 70,000 towards the payment of service tax which I reluctantly paid.
Q.I have exchanged 30 sq m of land with my neighbour in order to have compact plots of land and an exchange deed was executed in March, 2012. Both the parties had mutually agreed and arrived at an oral agreement to exchange the land in 2004. Now the ITO has issued a notice to assess the income of the assessee under the head income from capital gains and is insisting that it is sale and purchase and not an exchange of land. Kindly advise me and quote the authority or the case decided by the courts whether the exchange of land falls under the head income from capital gain or not? 
Q.We are renovating our one-kanal house and seek your guidance as to which type of stairs will suit us the most — glass, wood, steel, wrought iron or marble? 
Q.How T-junction and dead end affect the owners of the property? 
Ashok Vihar like the rest of Delhi is a conurbation of plotted row houses and colonies. No major private developer apartment projects are being launched here, nor is there any possibility of these coming up here in the near future. The location is witnessing an increase in the development of independent floors on housing plots.
In case the bathroom is located close to a living room, duplicate the style with faux-finished wall treatments and gold or brass fixtures. While renovating replace large fixtures with smaller ones to create the illusion of bigger space. Just as life must be full of colours, so should the bathroom be. Even if you opt for strong coloured walls, white fixtures still give the maximum leeway to change the bathroom colour scheme. Use of contrasting colours can make it look smaller. As a consequence choose paint that isn't too different from the bathroom tiles. In case of cream tiles pick lighter shades of blue, peach or any other colour that is sober. However, if you prefer bold colours, consider painting the walls in a neutral colour with a colourful trim or border.. Another option is to paint just one wall in bold colour and leave three walls neutral. Likewise, use wallpaper in one area and neutral paint everywhere else. When it comes to the bathrooms, simple neutral palettes work best.
Supertech Limited will be coming up with an affordable housing project “Basera” in Gurgaon. The units in this new project will be in the price range of Rs 12 lakh to 20 lakh. The project will be located in Sector 79 and Sector 79-B of the Gurgaon Manesar Urban Complex region. The proposed project will be developed as per the terms and conditions of the policy prescribed by the Town & Country Planning Department, Government of Haryana. Applications are to be invited from general public for booking of residential ain this affordable housing project. The allotment of apartments shall be done through the procedure of draw for lots. “Basera” will spread over 12.10 acres comprising 1976 flats, out of which 5 per cent flats will be reserved for management quota and rest 95 per cent will be open for public. Speaking on the occasion, R. K Arora Chairman, Supertech Limited said, “Following the government's “Housing for all by 2022” vision , this project will be Supertech’s first initiative under the policy of the Haryana Government. The project would help the first-time homebuyers who are struggling to buy a property due to the current price escalations.”