PLOT SCHEMES IN FARIDABAD: Welcome to Faridabad, a city in Haryana with a beautiful blend of old-world charm and modern aspirations. Faridabad is not only the biggest industrial hub of Haryana but also one of the oldest cities in the states. The city has been recognised as one of the rapidly growing cities in the region and enjoys a strategic location, as it is well connected to the National Capital New Delhi, Noida, and Gurgaon.
Faridabad is home to many famous industrial manufacturers of essential items such as shoes, refrigerators, tractors, etc.
Thus, Faridabad, a blooming industrial and residential hub, offers opportunities for individuals and investors looking to acquire land for various purposes, including residential, commercial, and industrial development.
This article will help you understand the different Plot Schemes in Faridabad, exploring their unique features and investment potentials.
Benefits of Taking a Plot in Faridabad
Taking a plot in Faridabad can be a great choice for several reasons:
- Compared to other cities in the National Capital Region (NCR), Faridabad offers relatively affordable land prices, making it attractive for those looking to invest in property.
- Faridabad has been witnessing rapid infrastructure development, including better roads, transportation, and amenities, which is enhancing the quality of life in the city.
- Faridabad’s proximity to Delhi and other NCR cities, along with good connectivity through roads and metro, makes it a convenient location for living and commuting.
- Faridabad is a major industrial hub, offering opportunities for employment and business growth, which can be advantageous for those looking to start a business or work in the industrial sector.
- With ongoing development projects and planned infrastructure, Faridabad is expected to witness further growth, which can potentially increase the value of property investments in the city.
- Overall, taking a plot in Faridabad can be a smart choice for those looking for affordability, connectivity, and growth opportunities in the NCR region.
Various Plot Schemes in Faridabad
The plot schemes are typically rolled out by government bodies like the Haryana Urban Development Authority (HUDA) now known as Haryana Shahari Vikas Pradhikaran (HSVP), as well as by private developers. Here’s an overview of the types of plot schemes you might find in Faridabad and what potential buyers should know.
Government-Led Plot Schemes in faridabad
HSVP (Haryana Shahari Vikas Pradhikaran) Schemes
HSVP (Haryana Shahari Vikas Pradhikaran) is an urban development program introduced by the Haryana government. Under this plot schemes are introduced periodically in various sectors of Faridabad, offering plots for residential and commercial purposes. The main aim of the scheme is to offer residential dwelling units at economical prices.
Important Details of HSVP Schemes
| Beneficiaries | Residents of Haryana |
| Official Website | https://hsvphry.org.in/ |
| Plot Type | Residential and Commercial |
| Documents Required to Apply | PAN Card, Aadhar Card, Driving License, Voter ID, Birth Certificate, Bank Passbook/Copies of Bank Statements |
HSIIDC (Haryana State Industrial & Infrastructure Development Corporation) Industrial Plots
HSIIDC offers industrial plot schemes in Faridabad’s designated industrial areas. These plots come with the necessary infrastructure to support industrial activities, including roads, power, and water supply. From providing state-of-the-art infrastructure to facilitating smooth start-up support for new enterprises, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) ensures a seamless experience for businesses.
| Beneficiaries | Industries of Haryana |
| Official Website | https://hsiidc.org.in/ |
| Plot Type | Industrial |
| Documents Required to Apply | Copy of PAN Card, Photograph, Project report, CA certificate of past performance, CA certificate of resources of applicant/promoters, Scheduled Caste declaration, Persons with disability declaration. |
Private Developer Schemes
Residential Developments
Numerous private developers also offer residential plots in gated communities and townships in Faridabad. These schemes often come with added amenities like clubhouses, parks, and security services.
Commercial and Mixed-Use Developments
For commercial investment, private developers in Faridabad offer plots within commercial complexes and mixed-use developments, which are ideal for retail, offices, and other commercial ventures.
HSVP Plot Schemes vs Private Developer Schemes
Given below is a brief comparison between the HSVP Plot Scheme and other private schemes running in Faridabad.
| Schemes | HSVP | Omaxe Heights | Parklands |
| Pricing | Competitive, often affordable | Varies | Premium |
| Location | Planned urban areas | Faridabad | Faridabad |
| Amenities | Planned with basic amenities | Modern amenities | Modern amenities |
| Development | Part of government urban planning | Private development | Private development |
Plot Schemes in Faridabad – How to Apply
- Visit the official website of the Haryana Shahari Vikas Pradhikaran (HSVP) or the specific authority managing the scheme to check for the latest plot scheme details, including eligibility criteria, plot sizes, locations, and application timelines.
- Next, register on the official portal of the authority managing the scheme. This may involve providing personal details and creating a login ID and password.
- Fill out the application form online or obtain a physical copy from the designated offices. Provide all required details accurately and attach necessary documents, such as identity proof, address proof, bank statements, etc.
- Pay the application fee through the designated mode of payment. The fee amount and payment details will be specified in the scheme notification.
- Submit the filled application form along with the required documents and proof of fee payment before the deadline.
- After the application deadline, the authority will conduct a draw of lots to allocate plots. In the case of HSVP plots, an e-auction is conducted that allows buyers to bid for the plots online Check the scheme notification or website for the draw date and results.
- If your name is selected, you will be issued an allotment letter. This letter will contain details of the allotted plot, payment schedule, and other relevant information.
- As per the allotment letter, make the required payments within the specified timelines. Failure to pay on time may result in the cancellation of the allotment.
- Once you have made all payments, the authority will issue a possession letter. You can then take possession of the plot and start the process of construction or development as per the rules and regulations.
Also Read: Various plot scheme in Uttar Pradesh
Things to Consider Before Buying a Plot
Location and Connectivity
It is more convenient to buy plots in areas where there is good connectivity to major highways, the Delhi Metro, and essential services like hospitals and schools.
Infrastructure and Amenities
Before purchasing a plot, it is essential to cross-check the amenities provided within the plot scheme, such as water supply, electricity, drainage, and community facilities.
Legal Due Diligence
Make sure to conduct thorough legal checks to ensure the plot has clear titles, and the scheme aligns with all regulatory guidelines and laws.
Future Development Plans
Look for more plans or developments ahead in the vicinity in order to predict the rise or decline in the value of the property you buy.
Conclusions
Investing in plot schemes in Faridabad can be a great opportunity, given the city’s strategic location and its ongoing infrastructure and urban development projects. Whether for residential, commercial, or industrial purposes, careful consideration and due diligence are key to making a sound investment. Connect with OneNDF to know the available lenders for funding these projects.
Frequently Asked Questions on Plot schemes in faridabad
What is the maximum loan amount I can get for a plot under the HSVP scheme?
The maximum loan amount for a plot under the HSVP scheme is typically up to 75% of the property’s value. However, for amounts lower than 75 lakhs, you may be eligible for up to 90% of the property’s value.
What is the repayment period for loans taken for plots in Faridabad?
The repayment period for loans taken for plots in Faridabad can vary. It could be up to 20 years, depending on the terms and conditions of the loan and the lender’s policies.
Can I get a loan for a plot under the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) scheme?
Yes, you can get a loan for a plot under the HSIIDC scheme.
Are there any special schemes or incentives for loans taken for plots in Faridabad?
Yes, there may be special schemes or incentives for loans taken for plots in Faridabad, such as lower interest rates or extended repayment periods. It’s advisable to check with banks or financial institutions for current offerings.
How many floors are allowed in Haryana?
In 2019, the Haryana government permitted the registration of a fourth floor as an independent unit. However, in February 2023, following a challenge to this policy in the Punjab and Haryana High Court and discussions in the state assembly, a ban was imposed on the construction and registration of fourth floors.
What is the reservation policy for plots in Faridabad?
Plots in Faridabad are reserved for various categories such as Scheduled Castes (SC), Backward Classes (BC), Freedom Fighters (FF), etc., as per the government’s reservation policy.
What are the facilities and amenities provided with the plots in Faridabad?
The facilities and amenities provided with the plots in Faridabad vary depending on the specific scheme. Generally, basic infrastructure such as roads, water supply, electricity, etc., are provided along with the plots.
