India, April 11 -- To address persistent parking issues in affordable housing societies, the Haryana government has made it mandatory for real estate developers to provide one car-parking space for each flat under the revised policy.Industry observers said the changes are likely to enhance liveability in affordable housing projects. Still, the higher costs may marginally raise the entry barrier for homebuyers, particularly in cities such as Gurugram.

The move comes alongside the revised price cap of Rs.5,575 per square foot (PSF) in Gurugram. While the increase slightly improves developer margins, the added cost of providing parking, estimated at around 10% of the flat price, could push up overall prices, making units less affordable for...