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  • Affordable Housing Gurgaon - OSB Group Launched 2nd projects in Gurgaon; OSB Golf Heights Sector 69 Gurgaon
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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
Developed Area Vs Developing Area for Real Estate Investment

real estate developer gurgaon

What would you have chosen – a developing neighbourhood or a developed neighbourhood? Of course, it is a developed neighbourhood!

Whenever you start searching for your dream home, you look for the proximity to the road, metro, rail and air connectivity. A developing neighbourhood may lack all these but a developed neighbourhood already has all these facilities.

Sohna Road in Gurgaon is one such place, which is a home to some of the most elite housing projects, corporate parks and educational institutions. It is approximately around 7-8 km from the DLF Cyber Hub and 14 km from Delhi International Airport.

The nearest metro station is Huda City Centre, which directly connects to Delhi, Noida, Faridabad and Ghaziabad. In near future, it has been also proposed that there will be an extension in metro connectivity from IFFCO Chowk to Manesar IMT via Sohna Road. The discussions are still underway for extending the metro line and connecting it to Jaipur, Rajasthan, but it is quite early to quote this development.

The proposed ISBT Gurgaon is 10 minutes’ drive from Sohna Road. Some parts of Gurgaon are still inhabited by the locals making it difficult for expats to lead the way of living they choose to. While some parts are influenced by local residents and are in denial for development, other parts are extremely developed and posh to look for affordable houses in these areas.

Sohna Road and Southern Peripheral Road offer a value proposition where the cost of living is low but equally promises to provide a lavish comfortable life and connectivity to the rest of the city.

In the midst of all these, Ocean Seven Buildtech came up with its affordable housing segment that is OSB Golf Heights in Sector 69, Gurgaon. Here the real estate developer aims to provide a comfortable lifestyle at a reasonable price.

Best affordable housing project OSB Golf Heights is surrounded with many renowned housing projects such as Tulip Lemon, Spaze Corporate Group, etc. which are already constructed and families and corporate have started operating from these places. This project is outlined in 5 acres of vast land with 2 iconic and 3 regular towers. These units have an attractive design and are going to have 158 1BHK and 628 of 2 BHK.

The expected date of delivery of these homes are set to 4 years from the date of launch i.e. in 2022. There are two entries for this project. One is 24-metre-wide road and the other is a 60-meter-wide road from the west side of the project. It is 1 km far from Sohna Road keeping you away from the daily honking of air-polluting traffic and providing the resident with a peaceful stay.

Also, not to miss the really important thing for the families. That is a good educational institution for their kids at the safe and close vicinity.

This locality has two very renowned schools such as Indus World School and The Vivekanand School. These schools impart very good standard of education and many existing residents of this area have already their ward in these schools.

With all the facilities in just a stone throw distance, what else would an individual look for in a residential project, is it developing or developed!

November 5, 2018 / by / in
Punjab & Haryana court ordered to allot plot to oustees of New Palam Vihar to remove obstructions on Dwarka Expressway

Huda Affordable Housing Scheme

GURUGRAM: The Punjab and Haryana high court on directed Huda to allot alternative plots to oustees — all GPA and SPA holders — within two weeks, clearing the decks for the development authority to demolish the remaining structures coming in the alignment of Dwarka Expressway.

The high court ordered the Huda administrator of Gurugram to hold a meeting with the property owners with general power of attorney (GPA) and special power of attorney (SPA) and complete the process of allotment.

Dwarka Expressway

“The court has directed HUDA to conduct a meeting with oustees (with GPA, SPA) and give them alternative
plots within a week of the meeting.
We will comply with the HC orders,” said Huda administrator Chander Shekhar Khare. However, sources said even after giving the possession of the plots, Huda would have to give the oustees a few months more to move out of the area.

Source: TimesofIndia

May 31, 2018 / by / in