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Affordable housing sales went up by 22% – Annually Reports

In Spite of ordinary modern launches, annual housing deals rose by 22 percent plus the percentage of mid-income and affordable housing stock continued higher than half beyond the top towns, states a statement by JLL India.

The article, named as, “Residential Market Update – H1 2019”, announced a fairly large i.e  58 percent concerning the brand-new supply which hit the best markets within the primary half concerning 2019 that remained in the affordable housing including mid-price section and, the quantity was essentially concentrated within the outer regions of the towns, it stated.

Including Hyderabad being on top among the seven centers, the household real estate business witnessed an improvement concerning 22 percent into sales on a pan-India level throughout the term.

Important businesses of Bengaluru, Mumbai, including Delhi NCR are considered for higher than 60 percent concerning the entire sales. Pune, supported by Chennai and Bengaluru, possesses the greatest share in affordable homes including mid-price assemblies in recent launches, the statement stated.

New launches afar the seven towns dropped by 11 percent other than Mumbai and Bengaluru.

The percentage of Affordable housing Gurgaon including mid-income house has witnessed an expansion of up to 58 percent through the country level. Pune covers the table including 91 percent regarding the brand-new supply coming within the affordable plus mid-income section, the report says.

Throughout the initial half of 2019, Hyderabad registered the most important expansion in businesses at 65 percent, supported by Delhi NCR (42 percent) proceeding on a yearly basis. Within Chennai, sales increased by 24 percent across the other half of 2018, however, it is to meet the levels referring the initial half of 2018, the statement declared.

Sales are expected to get an additional boost including progressive management of the administration. Throughout the first half of this year, the administration further diminished GST on affordable housing projects to 1 percent compared to the older 8 percent, except input tax credit (ITC).

The GST proceeding projects under development, which does not exist below the affordable housing section, was decreased from 5  to  12 percent. The price revision forecasts well-concerning homebuyers because the method of maintaining the ITC following the previous system was hard.

“Series of improvements and increasing buyers’ attention in the section have driven the area to adjust itself over the market interest. Interestingly, in maximum towns, home buyers proceed to concentrate on ready to move in houses and plans which are near fulfillment. As a result of this transformation in purchasing preference, builders also are concentrated on developing their ongoing plans,” stated Ramesh Nair, JLL India.

“An insufficient quantity of launches by builders, in a form, is supporting the area to support the demand-supply situation in the nation. This will serve as a buffer and support the area to get brighter. As a consequence of the improvement measures more accurately RERA plus GST, demand added transparency within the area which, in turn, will take back buyers’ trust,” declares experts.

The statement continued that a huge decline in launches, connected with robust growth in businesses in the opening half of 2019, has produced parity among year-to-sell (YTS) including average construction phase across towns.

“Including Delhi NCR plus Kolkata holding the difference, the ordinary YTS at 3.4 years beyond the 7 cities contrasts conveniently with the normal development period concerning a typical household project beyond these towns at 3-4 years,” remarked Samantak Das, Chief Economist plus Head of Research and REIS, JLL India.

August 14, 2019 / by / in
Magnificent Decisions are taken by the Haryana cabinet to promote affordable housing policy for core areas
Affordable Housing Policy

Haryana cabinet under the chairmanship of chief minister Manohar Lal Khattar took major decisions for providing affordable group houses. As a part of this cabinet, the land allotted for group housing has been increased from 15 acres to 30 acres now.

The Deen Dayal Jan Awas Yojana which is the policy meant for the Affordable Plotted Housing is also extended to the Gurugram Development Plan. This housing policy was termed as “Housing for all” and is allotted for most core areas of municipalities in the state. As per the officials, Urban Local Bodies Department under Town and Country Planning Development will represent the Haryana Development and Regulations of Urban Area Act 1975.

According to the new policy which is applicable for primary areas, projects would be allowed in municipal towns with the minimum area of one acre and maximum area of five acres. Some major decisions are taken in the cabinet such as

  • The floor area ratio for one acre will be 250 and that for 2.5 to 5 acres will be 275 as per the needs of the families.
  • High potential zones have the issuing rate of Rs.3000 per sq.ft.

Allotment procedures and steps are taken

  • Allotment rate for medium potential zones is set to Rs. 2,500 and that for low potential zones will be Rs.2,100.
  • The identified beneficiaries for the affordable housing policy will be provided the financial help of Rs. 2.5 lakhs of which Rs 1 lakh is under the state’s share and the remaining 1.5 lakhs under center’s share.
  • Under the new affordable housing policy, a limited number of projects will be allowed and only the predetermined rate will be considered in the sale.
  • There will be no need for licensing fees and internal development charges.
  • Examination fees will be levied at the prescribed rates and will be mentioned clearly in the registration form.
  • The schedule, as well as the rate of EDC (Economic development charge rates), shall be levied that is applicable to plotted colonies in order to minimize the impact of EDC.

The first priority would be given to the physically handicapped person, Scheduled Castes, Scheduled Tribes, other backward classes and senior citizens for the allotment procedures. Minorities, transgender, single women and other vulnerable sections of the societies are also considered for greater importance in the allotment procedure.

A few important decisions are taken in Haryana cabinet

  • The Haryana cabinet also approved a new policy to issue the TDR (Transferable Development Rights) which can make the land aggregation for public utilities and infrastructure a lot easier than in the past.  The need for this arrived only after the Land Acquisition Act which made it difficult to ensure provisioning of end to end infrastructure due to the land procurement struggles. 
  • Extension of Commercial plotted colony policy over Gurugram is also approved by the cabinet which can provide additional options to it.
  • Issuance of clarification in the NILP policy which confirms the applicability of TOD policy to resolve the issues regarding implementation in the process.
August 14, 2019 / by / in
Topmost listed Affordable Housing Gurgaon Projects

Top Affordable Housing Gurgaon projects

Top 5 Affordable Housing Gurgaon projects

After Huda Affordable housing scheme launch many companies started projects through the scheme the ordinary people can get houses at affordable rates and they can earn some extra benefits because in the execution of such projects the government is helping a lot in many terms.

The government made policies a bit flexible so that the developer can give a quality product to the end user. Below are the five affordable Housing Gurgaon projects. These projects provide low budget flats in Gurgaon.

  1. Pyramid Elite sector 86

Pyramid Elite sector 86 launched by Pyramid infrastructures near NH8. Pyramid elite sector 86 Gurgaon has all the modern amenities including clubhouse, community hall, tennis court, badminton court and 50% open area. There is a running track for the health-conscious residents. The project is located near Dwarka Expressway.

Besides of above Pyramid elite sector, 86 also has a gym and yoga center. 24*7 security and backup of water and power make the place quite luxurious. You can find schools, hospitals, retail shops and even shopping complexes around the place.

  1. Suncity Sector 76 Gurgaon

This is the new upcoming project in affordable housing policy introduced by Suncity Infratech. The project has a unique and modern infrastructure. The company used the Mivan Shuttering Construction methods to materialize this project.

When it comes to features, then this project is no less than a luxurious place. Clubhouse, 24*7 electricity and water supply make one of the best projects. Buildings are earthquake resistant.

  1. Signature Global Sector 79 Gurgaon

After showing the expertise in like Signature Global Sector 37D project Signature, Global came up with this brand new idea. This new project is a bit advanced from their past one. Signature Global Sector 79 has all the modern amenities like 24*7 tight security, firefighting system, and Clubhouse as well.

This site has many location advantages too.

  1. OSB Golf Heights

OSB group has this upcoming project on their list. It’s located nearby Golf Course Road and Sohna Road. Buildings and other structures cover more than 5 acres. As we know, OSB always delivers their projects at the time of commitment. This one is also expected on the contract date. This also follows the Huda Housing policy.

The project also has advanced features like a firefighting system, elevators; children playground and CCTV surveillance. Around the project, you can find shopping complexes and a metro station.

  1. Supertech The Valley Gurgaon

Supertech The Valley is easy projects. Supertech Infrastructure constructed this unique project. With 50% open area Supertech the Valley Gurgaon covers 9.5 acres of prime land.

This project offers a range of size of flats including 1 BHK, 2BHK, and 3BHK. This location is close to the NH8 and Northern Southern Peripheral Road.

Conclusion

In the above projects, you can get flats in Gurgaon under 20 lakhs without facing any trouble. Companies are collaborated with the government to provide a solution for the housing problem. Every project is unique and one of its kind. Some of them are of the middle range, and other ones have luxurious properties. Despite the low price, the projects have excellent quality concerning management, construction, and furnishing.

Investing your capital in those projects is a win-win situation. You can earn money or can use the flats to live in. If you’re one who wants to have his own house at an early age, then these low budget flats in Gurgaon can convert your dream into reality.

How you can get flats in these projects

You don’t need to perform some complex task. If you have any query please do inform us. The sales representative of OPS Realty will explain the further process in easy way possible.

March 7, 2019 / by / in
How Affordable housing Gurgaon scheme can help you get your own house?

Affordable housing scheme in Gurgaon

Time is changed now, days are gone when it takes ages to take pride in saying “that’s my own home not rented one”. Buying a house was quite difficult for the middle-class families and the youngsters who want to own a small apartment instead of renting one to pursue their studies in the NCR cities like Gurgaon. The problem of housing did not seem to get a solution before the Affordable housing Gurgaon of Haryana government.

What is Affordable housing Gurgaon scheme?

Before taking it to a particular area or a city lets understand the term “affordable housing” first. This scheme is specially designed to provide a solution to the middle-class families with an income below the median household income. But the definition of this term varies as per the country and the conditions.

This scheme gained popularity, especially in developing nations. The common people of developing nations can’t buy houses at the market rates.

India is also a developing country, and the Indian government addressed this problem of common community with a low yearly income. With public-private partnerships well known as “PPP” authority of India tried to solve this problem. They got success in doing so. There are various measures through which one can get benefits of this scheme.

This scheme differs state to state. The Haryana government then launched the Affordable housing scheme Gurgaon so that middle-class people can buy low budget flats in Gurgaon.

Gurgaon is famous as “cyber city” because there are many multinational IT companies. The housing problem in Gurgaon was the biggest problem for the professionals who came from other cities and countries. This scheme came into the play and changed the game. 

How Affordable housing Gurgaon scheme can help you?

If your income status meets the requirements of the scheme, then you can apply for the subsidized flats. Many projects are being constructed through the affordable housing project in Gurgaon scheme.  You can apply for anyone for any one of them provided that you meet the conditions for getting these flats. 

Why “now” is the best time for getting low budget flats in Gurgaon?

The elected government had a vision of housing for all by 2022. In the budget of this year center government reduced the tax on the home loans for common class people. Technology development is also at its peak in this city which shows that shortly this will be the next Silicon Valley for India after Bengaluru.

Each sector of Gurugram shows a rapid speed in movement of growth in terms of connectivity, inhabitation, facilities like health and transport. Many startups of this city turned into well-reputed companies in last some years. In the coming time, the prices of the property in the cyber city will be more than you could though.

Conclusion

At the time of wrapping now we hope that you know everything you need to know about the Affordable Housing Gurgaon scheme and how you can get the low budget flats in Gurgaon.

If you wish to make things simpler, then you can ask for further assistance from the affordablehousinggurgoan.in. The team of experts has some gems of real estate consulting industry.

They have years of experience and satisfied numerous clients with their expertise in real estate and financial planning. They also have a sort of law experience which will help you in getting in fair deals.

So why are waiting, call them man!

February 4, 2019 / by / in
Investment in OSB Sector 109, Gurgaon: Good or Bad Decision?

Investment in gold and real estate has always provided fruitful results to the individuals. With the year 2019 starting off, have you also considered and rearranged your thoughts to invest in real estate for your future?

The timely investment will prove to be beneficial for you. With Gurgaon, coming up with a multitude of options for affordable housing, a potential or interested home buyer will be confused to choose a residential project and a locality that will best suit him as per his choice and preference.

Sector-109 Gurgaon is one of the best localities to live in Delhi NCR. Over the past few years, this areas has developed and emerged as an IT and industrial hub with many top and well-known companies located in the area and in the areas nearby Sector-109, which are namely, Sohna Road, Bahadurgarh, and Faridabad.

                Due to the emergence of IT and industrial hub, the area grew as a realty hotspot of Gurgaon. Many famous real estate developers have their residential projects located in Sector-109. One of the famous real estate developers, Ocean Seven Buildtech Group (OSB Group) presents OSB Expressway Towers Sector 109.

The real estate developers have provided many amenities for the convenience and ease of the residents. Amenities such as Swimming pool, rainwater harvesting, lift, parking slot for cars, Vaastu compliant, jogging track, 24/7 power backup, 24/7 security, retail and convenience store nearby, etc.

OSB Dwarka Expressway Sector 109 offers modern 1 and 2 BHK apartments, located 10 minutes from Indira Gandhi International Airport. A proposed metro station is coming up at only 5 minutes’ drive from OSB sector 109.

Choosing Sector-109 as a location for realty investment is a wise decision. This locality seamlessly connects with the major cities of Delhi NCR. And further connects Chandigarh and Rajasthan. The social and physical infrastructure of the area is rapidly developing.

Many prestigious educational institutes such as Xion Convent School, GRM Public School, Royal Oak International School, Holy Cross School, and The Maurya School are already located in the area. In addition to that, shopping malls, retail plazas such as the Kingdom of Dreams, PM Mall, MGF Mall, Appu Ghar, Sultanpur Bird Sanctuary are also situated for the entertainment purpose of the residents of Sector 109.

Must read: Plans are made to connect routes of metro from Huda city center to Dwarka Expressway

Likewise, established banks and hospitals are also there to facilitate the basic everyday needs of the residents. Sector-109 is going to be connected with Dwarka Expressway, which will double the size of the current and existing National Highway-8.

Sector-109 is one of the latest developed areas of Gurgaon and as the city is constantly running short of space for commercial and residential establishments; such new areas are grabbing the attention of real estate developers.

Therefore, many new areas are witnessing a rapid increase in real estate business after the introduction of stringent policies like RERA and GST.

These policies somehow made the real estate developers to deliver the project on the said and promised date. And as an emerging city of India, Gurgaon has been under the radar of prominent real estate developers.

A recent report stated that the property prices in Dwarka Expressway are witnessing an upward trend which is a good indication for real estate developers and home buyers.

January 17, 2019 / by / in
Your New Address Amidst the Scenic Arawali Ranges

GLS Infratech is a well-known name in the real estate industry of India. The real estate group has received 23 awards and accolades for its outstanding contribution to the industry. With more than 25,000 happy clients, GLS Infratech has a mission to deliver affordable homes to people before the scheduled delivery time, which will boost happiness in the home buyers.

Economic homes for buyers with good quality construction material are their vision. The group has already built 2 million sq. Ft. of real estate developments in Delhi NCR and is in the process of adding 2.5 million sq. Ft. of more area to the list.

The real estate group has launched their recent project – GLS Arawali homes Affordable housing sector 4, Sohna, Gurgaon. The affordable housing project offers 2 BHK modern apartments in 2 different and stylish layouts to choose from.

Prices of GLS Arawali homes Gurgaon start from Rs.17.31 Lakhs and interested home buyers can also opt for an easy and convenient Time Linked Payment Plan, which is available for the suitability of the home buyers. Please note that this residential project is developed under HUDA Affordable Housing Scheme.

Residents will get 5 years free maintenance and bus shuttle service on possession of their apartments.

Let us talk about the connectivity and transportation part of the location:

  1. 5-10 minutes’ drive from world-class schools such as Ryan International School, G.D. Goenka, Delhi Public School, and KR Mangalam Pathways.
  2. 18 minutes’ drive from Rajiv Chowk
  3. 20 minutes’ drive from Medanta Medicity
  4. 20 minutes’ drive from Golf Course Road
  5. 20 minutes’ drive from HUDA City Centre
  6. 22 minutes’ drive from IFFCO Chowk
  7. 40 minutes’ drive from Indira Gandhi International Airport

GLS Arawali homes Sohna Gurgaon offers a host of amenities to facilitate the needs of the residents such as security personnel, lift, power back up, children’s play area, rainwater harvesting system, visitor’s parking area, multi-purpose hall, a gated and secured community, and CCTV Surveillance for the safety of the residents.

South of Gurgaon is the most sought-after realty hotspot of Delhi NCR in terms of capital appreciation and rental yields, keeping in mind the current statistics and figures.

The residential project is located with the Arawali ranges in the backdrop, which means residents can enjoy the view of a picturesque setting at the comfort of their own home.

Moreover, residents will stay away from the polluted and daily humdrum of the city. Right amidst nature, residents can enjoy and truly cherish a life that most people who are living in the city are devoid of.

Sohna Road is also hugely popular as Greater Gurgaon, and as an emerging suburb of Gurgaon, the area shares seamless connectivity with major and significant areas of Delhi NCR and will also be connected to proposed metro stations, which will further ease the method of connectivity of the residents.

Booking Open GLS Arawali Homes, Sector 4, Sohna, Gurgaon, Contact: 9625205954

Being a popular suburb of Sohna, Sector 4 is replete with many world-class educational institutes, hospitals, banks, ATMs, and restaurants.

January 15, 2019 / by / in
Agrante Kavyam: Your Next Adobe for a Peaceful Life

Located in one of the most coveted areas of Gurgaon, Agrante Kavyam is in Sector-108. If you are a potential home buyer who is searching for 2 BHK Flats on Dwarka Expressway, Sector 108, then your search might end here. Because Agrante Realty Limited has a legacy of 20 years in the real estate industry.

This real estate company has successfully delivered 12 projects within 8 townships. Apart from that, it has also created a milestone by delivering intelligently designed 5000+ units of flats with immense success.

 Agrante Affordable housing Gurgaon is spread across 5 acres of land and offers 50% open area for the convenience of the inhabitants. The 2 BHK Affordable Flats in Agrante sector 108 are designed in 3 different layouts with an ultra-modern design, which gives potential home buyers different options to choose from. The residential project is RERA approved and shares proximity to Indira Gandhi International Airport and Delhi Airport.

As Agrante sector 108 is developed under HUDA affordable housing policy, home buyers can also receive a subsidy on interest under Pradhan Mantri Awas Yojana. And people can also avail 90% of the loan from major and leading banks of the nation. Interested homebuyers can also opt for the Time-Linked Payment Plan that is available.

The residential project offers spacious apartments housed in earthquake resistant structure and amenities that individuals can benefit from. Amenities which are available at Agrante Kavyam sector 108: Crèche area, 24/7 water supply, 24/7 power backup, meditation and yoga area, garden with lush greenery, jogging track, fire safety alarm with extinguishers, parking area, 24/7 hi-tech security with CCTV surveillance, gated community, gymnasium, clubhouse, lift and children’s play area.

The location of the project provides easy and convenient access to all the major road networks of Delhi and Gurgaon. A proposed metro station is just 5 minutes away from Agrante sector 108.

The area is surrounded with many reputed affordable housing Gurgaon projects as it directly links Manesar, Dwarka, and NH-8. Even Gurgaon railway station and bus stop are nearby, which will provide hassle-free access to the residents of Agrante Kavyam sector 108.

Invest in Dwarka Expressway as the prices of the property in that area are expected to rise and industry experts have claimed the same too. When you have an option to choose an affordable housing project in one of the prime locations of Gurgaon, and then do not take a backseat.

Read Also: Agrante Kavyam: New Face of Affordable Housing in Gurgaon

Book your dream home right now and relax. The area comes under Gurgaon-Manesar Master Plan-2031, which will improve the physical and social infrastructure of the area rapidly.

Many famous and prestigious educational institutes, health care and retail centers, shopping malls, and entertainment venues are in Dwarka Expressway. For the ease and comfort of home buyers, Agrante Realty Ltd. is providing good quality waterproof doors, branded sanitary fittings, proper ventilation facility, ISI marked electrical fittings for the safety, fireproof wiring, rainwater harvesting system, and vitrified tiles on the floor.

With free maintenance for 5 years, Agrante Kavyam Sector-108 Gurgaon is one of the best affordable housing projects of Gurgaon that one should opt for.

January 10, 2019 / by / in
A Plunge in Affordable Housing Launches Affects Gurgaon’s Real Estate

According to a report released by the Grant Thornton India, 6th largest U.S. accounting and advisory organization, the transformational shift in the Indian real estate sector happened due to 4 major factors, namely, introduction of RERA (Real Estate Regulatory Act), GST, Affordable Housing (under Pradhan Mantri Awas Yojana), and the much hyped and talked about concept of Smart Cities.

                These above 4 factors changed the entire landscape of the real estate industry in India. The advent of RERA holds much significance for the developers, stakeholders, investors, and potential home buyers as well. Under this act, the real estate developers are bound to deliver their projects by the committed deadlines. Or else, unnecessary delay in the delivery of the projects may attract severe penalties.

This act also brought in complete transparency on the project approval, its stages of construction and the exact date of delivery of the project.

The Government of India rolled out several incentives to improve the affordable housing segment. With the introduction of CLSS (Credit Linked Subsidy Scheme) for the MIG (Middle Income Group), the extension of loan tenure was increased for 15 years to 20 years, which will help the 1st time home buyers to great extent.

In the 1st half of this year 2018, affordable housing launches in Gurgaon witnessed a phenomenal drop by 60%. However, Dwarka Expressway contributed 28% towards residential project launches.

This micro-market launched nearly 1,000 units. Hence, the area is quite a good choice for investors and potential home buyers who are looking forward to a fruitful investment in real estate this year. A major reason for investment in this locality is that it has been considered as the focal point in the Gurgaon-Manesar Master Plan 2031.

                With more than 120 residential projects in the area, it is one of the most sought-after realty investment hotspots of Delhi NCR. Amidst all these, prominent, reputed and well-known real estate developers, Agrante Realty Pvt. Ltd. has launched Agrante Kavyam Sector 108 Gurgaon.

This project will offer all the basic and much-needed lifestyle amenities to the inhabitants. The project proffers 2 BHK affordable flats on Dwarka Expressway, Sector 108. Developed under HUDA, Agrante Affordable housing Gurgaon will prove to be the best choice for individuals who are looking for an affordable home in a strategic location to live in.

The residential project will yield high returns on investment after a few years as it shares direct connectivity with Indira Gandhi International Airport and the millennium city Gurgaon. Apart from that, a diplomatic enclave is coming up right along this stretch where all the diplomats will have their residences and offices. Dwarka Expressway is well-connected to the metro corridor, NH-8, and other areas of considered importance.

                Recently, this micro-market witnessed higher profit margin in terms of property purchasing as many people are investing in affordable homes in Dwarka Expressway. With the rapid infrastructure and social development, the real estate trend of this locality will definitely move upwards.

If you are looking to invest in 2 BHK Flats on Dwarka Expressway Sector 108, then Agrante Kavyam, Sector 108 is one of the best options that you should consider.

The Northern Peripheral Road otherwise known as Dwarka Expressway has become trending in the real estate industry for everyone, including the buyers, investors, stakeholders, and real estate developers.

December 27, 2018 / by / in
Agrante Kavyam: New Face of Affordable Housing in Gurgaon

Real estate is booming undoubtedly, especially in emerging economies. It has been observed that people in mass are relocating to the cities due to several factors. Cities offer various employment opportunities, easy access to education, healthcare, complemented with improved standards of living.

However, a stark difference between housing supply and demand has resulted in an imbalance in the housing industry. This led to the advent of affordable housing policy in India. Leveraging this opportunity, several prominent and renowned real estate developers such as Agrante Realty Ltd. are coming up with affordable housing projects in top locations across the nation. One such esteemed and under construction, residential project is Agrante Kavyam Homes Sector 108 Gurgaon.

This RERA registered project under HUDA Affordable Policy will house approx 723 apartments and shares close proximity to the Indira Gandhi International Airport and also to the capital – Delhi.

This major housing initiative taken by the Government of India will help real estate developers to implement innovative methods to help streamline the approach to tackling the housing issue. According to a report published by one of the Big Four Auditors, KPMG, Indian realty witnessed billion dollars plus deal in Gurgaon. Therefore, it can be said that the past two years have proved to be landmark years for India’s real estate landscape.

The flagship scheme introduced by NDA led government, Pradhan Mantri Awas Yojana (PMAY), didn’t receive much participation in its initial stage. However, with the gradual passage of time, the scheme gained huge popularity and more and more reputed real estate developers started taking interest in the scheme.

The result of the wide participation is reflecting in the reports wherein the housing industry in India has performed exceptionally well as compared to earlier years. The residential market needed clarity and transparency in the process and new regulations, and changes in the policies introduced that much-needed clarity and transparency.

One more major contributor to the growth of real estate in Gurgaon is the adoption of technology in the real estate industry. Emerging technologies are dissolving the traditional issues that used to crop up. Some major issues faced by this particular industry are maintaining the land records, land ownership rights, and procuring goods and services from a trusted source at a feasible price and cost.

Recommended Post: Top reasons to invest in Agrante Sector 108 Gurgaon

These issues were solved with the help of popular blockchain technology. The state of Andhra Pradesh has already tied up with a Swedish start-up company to develop a block-chain based solution for its real estate related issues.

Final Word:

Affordable homes in smart cities are rapidly gaining momentum powered by adoption in technology. Gurgaon is in the cusp of transformation with the trend of PE (Private Equity) players and NBFC’s investing in the housing finance companies, especially with those, whose primary focus is on the affordable housing segment.

In the coming years, this sector will garner immense support from numerous stakeholders, investors, and developers. The growth momentum of affordable housing in India will soon witness an upward trajectory.

December 24, 2018 / by / in
Affordable Housing in India: An Emerging Investment Hotspot

Real Estate Journey to Affordable Housing

In the past few years, the Indian real estate industry has witnessed many major transformative reforms with the introduction of landmark policies such as RERA (Real Estate Regulation Act), PMAY (Pradhan Mantri Awas Yojana), REITs (Real Estate Investment Trust), and GST. RERA aimed at increasing transparency and accountability in one of the most vulnerable markets of any country.

The real estate industry has always played a tremendous role in shaping the economy of our country. The year 2018 has proved to be a major turning point for this industry in various ways.

                Not so long ago, the Indian real estate industry was struggling with unsold inventory and negative cash flow due to the long delay in the delivery of residential projects. And today, this industry contributes 6-7% to the GDP of India. A report states that there is a dearth of 18 million homes in India and the government has taken an initiative to provide “Housing for All by 2022”.

Affordable housing will act as a platform to bridge the housing shortage gap in India. Accessibility of land, moderation in development norms, faster approvals for affordable housing projects, strong classification of affordable housing and healthier orientation between central and state policies are some of the factors that need to be addressed to permit the segment to attain its full potential.

                The government’s agenda of building 10 million homes by 2019 for families living in ‘Kucha’ houses was comprehended through PMAY scheme. The scheme initially meant to cover buyers in the EWS (annual income not exceeding INR 3 lakhs) and LIG (annual income not exceeding INR 6 lakhs) sections also included the mid-income group (MIG), with household income up to INR 18 lakhs per annum.

The scheme known as Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG), will encompass of two slabs covering anyone with a household income between INR 6 lakhs and INR 18 lakhs per annum to gain the benefits of subsidized loans.

Amidst all these, HUDA (Haryana Urban Development Authority) took an initiative to develop the infrastructure of a few demanded areas in Gurgaon, which are in the process of becoming the pivot point of affordable housing in India. OSB Expressway Towers is the best affordable housing in Dwarka Expressway, which is expected to yield high returns on investment.

                OSB Expressway Towers Sector 109 Gurgaon is an affordable housing in Dwarka Expressway; therefore, interested buyers may check their next move before investing in the affordable homes in this region. OSB Sector 109 will prove to be a buyer’s ultimate choice for affordable housing.

The housing sales volume has gained pace in recent years due to affordable housing projects. The need and demand for affordable housing in the Indian context is gaining momentum and many prominent real estate developers are headed for a product of enhanced mass appeal – affordable housing.

Read Also: HDFC disburses Rs 1,100 crore subsidy to 51,000 home buyers under PMAY 

The improved home affordability in our country is due to a number of factors, which contributes towards the exponential growth oh housing demand. The huge demand for affordable housing outpaced the demand for premium and luxury housing segment.

As real estate developers witnessed a concrete solution for their liquidity issues, they also started to take immense interest in providing affordable homes in India

November 19, 2018 / by / in