"> Mayank Luhera, Author at Affordable Housing Gurgaon


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Affordable Housing Units Draw Buyers to Gurgaon

Book 1 and 2 bedroom apartments at OSB Golf Heights

The latest census report says that the population of Gurgaon has increased by 74% between the years 2001-2011. The growth of population in an area has always been a major factor which scales up the demand for housing. With affordable housing scheme in Gurgaon, the demand for housing is increasing rapidly. OSB Golf Heights in sector 69 Gurgaon is an affordable housing project under the HUDA Affordable Housing Policy.

                OSB Golf Heights is conveniently located on Southern Peripheral Road (SPR) which is continuously drawing the attention of prospective buyers due to attractive and reasonable price and good connectivity. SPR stretches around 16 kilometers and ensures a better commuting network from Sohna Road and Golf Course Extension Road and further connects to the Gurgaon-Faridabad Road right up to the National Highway 8 near Kherki Daula Toll Plaza.

                OSB Golf Heights sector 69 offers 1 and 2 bedroom apartments which are thoughtfully-designed at a reasonable price. Prices of these curated living spaces start from ₹14, 83,000 and booking amount is 5%. Ocean Seven Buildtech Group (OSB Group) also offers an attractive time linked payment plan system to interested home buyers.

Located in the heart of Gurgaon, Sector-69, OSB Golf Heights is spread across 5.41 acres of land and has 5 towers to accommodate 158 numbers of 1 BHK apartments and 628 numbers of 2 BHK apartments.

“South of Gurgaon” is a much-preferred locality for affordable housing projects in Gurgaon. A home buyer doesn’t only study the locality while investing in real estate, there are other deciding factors too which needs to be checked before making any investment decision.

OSB Golf Heights has a host of amenities that include a fully equipped gymnasium, yoga ground, meditation room, walking and jogging track, multiple electric lifts, parking area, kids play area, retail and grocery store, trained security personnel, CCTV surveillance, fire safety alarm and fire extinguishers, 24 hours power and water supply for the convenience of the residents.

Sohna road is rapidly becoming a coveted residential area for people working in Gurgaon and other nearby areas in the NCR as it can be accessed through major roads such as the SPR, NH-248A, NPR (Northern Peripheral Road) and the KMP Expressway.

Recommended Post: The Rise of Sohna Road

Excellent social and civic infrastructure is widely available across the area such as world-class schools, colleges, hospitals, shopping malls, business hubs, industrial clusters, entertainment areas, etc., There are quite a lot of shopping malls nearby such as Omaxe Mall, Ninex Mall, etc.,

                Choosing OSB Golf Heights, Sector – 69, Gurgaon will be a fruitful and wise decision as the project is also surrounded by lush greenery. This affordable housing project in Gurgaon is all set to break the stereotype of affordable housing as it promises to provide a comfortable experience to its residents. Life at OSB Golf Heights is a perfect mixture of peaceful life and easy access to modern conveniences. Established in 2006, OSB Group is a reputed real estate developer who is on a mission to redefine affordable housing segment.

Must Read: OSB Group Launched Affordable Projects in Gurgaon

October 8, 2018 / by / in
52 Real Estate developers receives Notices from Haryana-RERA

Haryana RERA

Gurgaon: H-RERA which is formerly known as Haryana Real Estate Regulatory Authority until the month of September received a total of 1,150 complaints from buyers of Homes in Gurgaon. The complaint is that against builders of respective owners or developers for delays in completion of prepaid housing projects. With effective to the complaint forms more than 52 developers received the high confidential and legal notices from the H-RERA.

Right from the Information from the Officials of authority said their first property is completion of delayed projects

Among the total number of 1,150 complaints, there are more than 950 complaints are of the prepaid delayed projects which have been under construction and not delivered by more than 5 years.

At a maximum scale of these complaints which are given by 30,000 home buyers are completely frustrated of not receiving any plot of what they paid already. The base of these complaints state that these buyers are waiting for years, even after paying all the regulated loans, EMIs of consent residences and felt pathetic of not delivered their homes yet.

Keeping these frustrated complaints from most of the buyers Haryana-RERA has issued notices to 52 builders to affair the procedure as soon as possible with all clear documentation and ordered them to register with H-Rera with respect to 70 projects which are of these developers under and stated that these developers has to share a detailed status of their ongoing projects in the city of Gurgaon.

A serious deadline time until the end of October month has been ensured so that they have to respond to all the regulatory notices. Under any circumstance where these developers ignore the notices issued from Haryana-RERA, a massive penalty is going to be imposed on instant basis. .

According to Department of town and country planning- DTCP, an official stated to the press that around 3000 projects in Gurgaon has a permit till date.

Also Read Highlights and Challenges of Affordable Housing

A wide diplomatic contrast reveals that only 250 projects amongst all have registered with H-Rera. Even after paying a maximum percentage of cost within the tenure of payment the buyers haven’t received the developed plots yet.

During a recent press meet An official of Haryana-RERA stated that “Buyers has been suffering on a serious note because they are paying both EMIs and rent. These people have invested all their dreams of savings to have a own home in these projects.

In a cause of not getting delivered of homes to buyers for years. Most of the projects, are still under greater confusion and cannot predict their date to deliver with full fledged completion.” He also added to this Statement that “A strong penalty with proper FIR’s imposed on these degrading developers also a Strict action will be taken against these developers who are not following the authority norms and regulations.”

Source: TimesofIndia

October 3, 2018 / by / in
Make Your Dream Residence With Affordable Housing Scheme Gurgaon

Affordable Housing Scheme Gurgaon

Affordable housing is popularly defined as the housing which is affordable to the middle class income holders that is rated by the Central Government or a state government by certain standards formerly recognized housing affordability index.

Most the statements on affordable housing refers to number of forms that exist along from emergency shelters, to transitional housing, to formal and informal rental, indigenous housing, and ending with affordable home ownership.

 Haryana State Government constitutes of huge number of housing, which comes under this government scheme, widely known as affordable housing. Best Quality, worth with affordable pricing is the main motive of the scheme. People living in Delhi, Gurgaon, Noida the NCR, cannot afford to buy homes which might usually cost in range 30-80 Lakhs, can easily buy and sort out their budget when it comes to affordable housing projects in the country.

Affordable housing projects are now offering homes with easily accessible and budget friendly in 1BHK and 2 BHK homes. These affordable housing projects are made such that one who buys it is surely appreciated by the family and treated as their biggest gift with flexible payment plans that are offered by the government.

Obviously it feels really great to have a own home rather staying in a conjugated rented home which consumes everyone’s monthly wages. The monthly installments if taken a EMI or loan from a bank are far lesser as compared to the rents that people pay for a congested rented home.

Recommended Post: OSB Golf Heights in Sector 69, a new destination for your dream home – Affordable Housing Gurgaon

On taking and comparing each and every aspect between rented home and a affordable housing project there are hundreds of benefits are given by these Affordable housing project.

No matter the requirement one wanted, affordable housing projects still stands first and offer the most suitable home to the people.  Home buyers are always in the thought process and kept on choosing the best when it comes to the affordable housing projects. Which are well equipped, well designed and developed that every kind of people who looks to buy their home based on their future plans and family requirements.


Also Read: Rediscover Affordable Housing Gurgaon at OSB Golf Heights

September 18, 2018 / by / in
5 Reasons Why Gurgaon is a better place To live than Noida

Why Gurgaon Is A Better Place To Live

National capital region most upgrading cities are definitely Gurgaon and Noida these cities have completely seen tremendous development. Both Noida and Gurgaon has been a real estate boom for many of the investors in the country especially DLF.

Gurgaon, the heart of Haryana state although planned on a sudden, has seen immense development  is at its best and the arrival of a large number of IT/ITeS, industries and shopping complexes and especially the ongoing Real estate sector all over the city proven results the city has been attracted a lot by the new investors as well. Whereas Noida, a city in Uttar Pradesh also proven one of the best in on going developments in India.

Hence in both these cities the share raised in the property and the value of land prices shooted up the graph and has been proven that the investors are filling profits in their pockets. With proven records and reports it is very difficult to judge what will be the better city amongst the two Gurgaon and Noida.

But, globally speaking Gurgaon tops the list in the country with highest profits to investors and taxes for government in the state compared to Noida. Although noida has vast area and better infrastructure as compared to Gurgaon, most of the MNC’S, IT’s, ITeS are likely to get settled in Gurgaon. Therefore the real estate sector serves and offers the best to people mostly in Gurgaon.

Let’s take a look on how Gurgaon the best city compared to Noida :

  • Global Destination and Development :

When it comes to Development and building new infrastructure such as skyscrapers, Rapid metro, public transport facilities, shopping malls and recreation centres.

Gurgaon is lot better although both these cities are rapidly growing in real estate. Most of the IT companies are here, so as employees from different states who has been working in them are desperate in need of a home, preferably in gurgaon. In Gurgaon most of the Indian and International IT companies got established also became the preferred destination for 50% of the top most Fortune 500 companies in the world.

  • Development in Infrastructure :

Although these cities have passed through humongous growth in the commercial and residential infrastructure. Gurgaon became the best preferred sector for skyscrapers, with the maximum support of the Haryana Government. Noida been planned with wider roads, water facility, better road transport and residential sector. It is still considered as a developing town with the sectors that laid out for residential sections and ongoing small Developments.

  • Civic Engagement :

Haryana city Gurgaon is far better and preferred for its entertainment venues, wide range of restaurants and pubs. The nightlife is lot entertaining and iconic for youth as compared to Noida. According to police reports and FIRs registered in last year’s, the crime rate in Noida is high, which is why most of the intelligent youth doesn’t prefer the city.

The shopping malls are more in number in Gurgaon, yet The Great India Place one of the biggest malls in the country, is situated in Noida. Mega and Ultra Luxury projects are available and are being constructed in Gurgaon which made it the best in living.

  • Health and Education Facilities:

Leading Hospitals like Apollo, Fortis, Medanta multi speciality hospitals are situated Gurgaon which made the city the leader in Health. Noida is behind Gurgaon although it has health care hospitals like Fortis, Max health, Kailash, Apollo. Noida tops in education concerns, Colleges like Amity, UP Technical University, MTU and many other technical and B-schools are established and running successful in Noida and is also known for one of the cleanest cities in India.

  • Domestic and International Connectivity:

Gurgaon has better connectivity with rapid metro and yellow line Delhi metro which Noida lacks in good connectivity. Just 15km away from Indira Gandhi International airport, Delhi it connects easily too many International tourists to the city

Having their own pro and cons side by side Gurgaon is far ahead as compared to Noida or greater Noida in prospective with real estate investors and buyers with open spaces and a lifestyle with easily obtainable. If some real-estate agent has to choose one among these with huge profits and boom, Gurgaon will be the first choice without second thought.

September 13, 2018 / by / in
Transform your life with affordable home loan facilities: RBI

affordable home loan facilities

Everyone has a dream of having own house in metro cities. Having own house is one of the biggest speculation or investment that each one of us wants in our lives. With the vast number of real estate projects, India is considered as one of the efficacious and efficient countries from property investment viewpoint.

RBI is making it the easy-going process to get the home loan sanctioned with no hassle. Ultimately, RBI has changed some of the home loan schemes. The latest schemes are highly influential and easily affordable.

With the impending announcement of Pradhan Mantri Awas Yojana (PMAY) taken by the Prime Minister, Shri Narendra Modi, PM, RBI is making some tremendous changes in the home loan schemes. These schemes have been formulated considering middle class and lower-middle-class necessities.  These home loan policies are under revision stage from the scratch considering the PMAY schemes

Affordable housing scheme has become a major obligation. To have an affordable loan for the same, it is being subjective to the eligibility and other respective conditions. The Reserve Bank of India has also led to some of the surveillance on the emerging developments in diverse housing sectors. RBI is famed for offering influential and affordable loan facilities to one and all. Loans play a vital role in getting own dream house.

Read this Article: Pradhan Mantri Awas Yojana: Remarkable initiative taken by the PM Narendra Modi

RBI is held responsible for providing home loan facilities under the PMAY scheme. As per the government instructions, the re-structured EMIs will be affordable so that their payment should remain no longer a burden or a major challenge.

As per the Reserve Bank of India (RBI) updated strategies, the affordable home loans will be availed to Rs 35 Lakh in modern cities. The rates vary with respect to location.

The Indian banks are requested to strengthen follow up and screening strategies in respect of lending to this home loan division particularly. The Reserve Bank is strictly monitoring housing sector and will come up with the appropriate home loan policy response considering all possible risk factors.

See Also: A Great privilege to every Woman: Enjoy Tremendous benefits of housing scheme Pradhan Mantri Awas Yojana (PMAY)

In today’s phraseology, “Affordable Housing” usually refers to housing that is specifically subsidized by the taxpayers. Under the top trending scheme of Pradhan Mantri Awas Yojana (PMAY) for best affordable homes, the sanctioned loan amount has been transformed to 32 Lakhs wherein it was 28 Lakhs before. This major transformation will ensure successful accomplishment of PMAY project.

The change in the set benchmark is actually a very supporting element. PM Narendra Modi is not only offering housing schemes but also taking all measures for its successful accomplishments. The goal of the government is Housing for ALL that can be an accomplishment by connecting people with the good houses and banks.

Source: TheEconomicTimes

June 9, 2018 / by / in