![]() However, today we have companies like DLF, India bulls getting Group Housing licenses allotted to them under the Group Housing scheme.Īccording to an article in The Indian Express, Group Housing licenses carry with them both incentives and penalty clauses in the construction of flats. Initially only housing societies like Indian Railway Welfare Organization (IRWO) or welfare housing organizations were allowed the license to build on the land allotted by the HUDA. Under the scheme, out of over 500 plots of half-acre each, a certain percentage has to be reserved for the economically-weaker sections, central government employees and defense personnel. The term came into limelight after the Haryana Urban Development Authority (HUDA) launched the concept around the developing NCR region. By definition, group housing refers to a residential project built on a land parcel. Lets start with the lesser known term, group housing. The other is a lesser known one called group housing. One is the ever popular, liberally used term township. In this post we shall try and decipher the meaning and implication of two such jargon’s, that are doing the rounds in these days. ![]() Similar to other markets, there are a lot of jargon’s floating around in the real estate world. Group Housing V/s Township, a better investment option ![]()
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