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Top 5 Affordable Housing Projects in Gurgaon

“If you’re looking to purchase affordable housing in the millennium city, Gurgaon, now called, Gurugram, then you’ve come to the right place”.

Out of the many ongoing and completed housing projects in Gurgaon, we have shortlisted for you the top 5, affordable housing projects in Gurgaon. It’s not easy to buy or rent a house in the Gurgaon, owing to the exorbitant prices, but it’s also not impossible.

There are many upcoming and completed housing projects in Gurgaon that are affordable and within your budget range. We have the top 5 latest and affordable projects for you to choose from.

Find below the top 5 latest affordable housing projects in Gurgaon:

  1. OSB Golf Heights, Sector- 69, Gurgaon

This is an Ocean Seven Buildtech project, who launched the OSB Golf Heights as their next affordable housing project in Gurgaon. This housing project is located in 5.4125 acres of posh land near Southern Peripheral Road with smooth connectivity to Golf Course and Sohna Road, both of which are prime locations of Gurgaon.

OSB Golf Heights has a total of 158 units of 1BHK and 628 units of 2 BHK apartments. These are spread over 5 towers. There are not more than 30 floors in two towers and 14 floors in three towers.

  1. Mahira Homes, Sector- 68, Gurgaon

This Mahira Group project is guaranteed to be affordable because it is under the Haryana Affordable Housing Policy 2013. It is coming up at sector 68, Gurgaon near Southern Peripheral Road and the famous, Sohna Road. It is spread over a land of 10 acres and is at short distance from popular landmarks like Rajiv Chowk, NH8, Iffco Chowk etc.

There are three housing options available in this housing project. They have one bedroom, two bedrooms and three bedrooms’ options available as per your needs and requirements. The allotment of these flats will be done in a unique manner, which is the lucky draw.

  1. Pyramid Urban Homes 3, Sector- 67 A, Gurgaon

This project is the third housing project by the Pyramid Infratech group. After the success of their first two, Pyramid Urban homes, Sector- 70A and Pyramid Urban Homes 2, Sector- 86, this is the third project in line.

Sector 67 is predicted to be one of the poshest and attractive residential areas of Gurgaon and Pyramid Urban homes, being an affordable housing project seems like the perfect fit. It is well connected to NH8 and nearby areas. It is spread over 10 acres with 50% dedicated open area.

  1. Signature Global Sector- 63-A, Gurgaon

This is a new project by the Signature Global group. This housing project is known for its architectural aspects, design innovation, engineering and modern technology. This project is well spread over sector- 63 A of Gurgaon city. This is well connected to the golf course extension road and is surrounded with lots of green areas.

Recommended Post: Agrante affordable sector 108 : Upcoming Affordable Housing Project in Gurgaon

  1. Maxworth Aashray Affordable housing, Sector- 89, Gurgaon

This housing project by the Maxworth Infrastructures Pvt. Ltd. Aashray, an affordable housing project, is located in Sector-89, which is on Main Pataudi Road (State Highway) only 2kms from the Dwarka Expressway crossing. This prject has a total of 766 units consisting of 1BHK, 2BHK and also a 2BHK (plus study) apartments. This is spread over an area of 5.2 acres.

So, here you have the top 5 affordable housing projects in Gurgaon for your perusal. Go ahead and get your dream home within your budget, because dreams CAN come true.

December 5, 2018 / by / in
Which is best for Investment – Dwarka Expressway or Agrante Sector 108 Gurgaon?

If you are looking to buy an apartment in both of these areas or you want to choose the best between both of them. For that comparison, you can collect some information about both these projects and by doing a comparison you can choose the best area to invest.

Overview of Dwarka expressway:

The area of Dwarka Expressway is connected to NH-8 nearby, and also a list of amenities of this location is very much. This project under comes into Huda affordable housing policy and authorized or issued by the government of Haryana.

Many 1 BHK and 2 BHK flats are available here at Dwarka expressway within some standard size compared to the market.

Overview of Agrante sector 108 Gurgaon:

The Agrante Realty Company is running this project for providing affordable houses to many buyers, this project under comes in affordable housing schemes conducted by the government of Haryana.

At this area, the flats are available from Rs. 400/ per sq.ft and the developers of this project are very professional and experienced in this same line.

Payment Plan of Agrante sector 108:

TIME OF PAYMENT PERCENTAGE OF THE TOTAL PRICE PAYABLE
AT THE TIME OF APPLICATION 5% OF FLAT COST
WITHIN 15 DAYS FROM THE DATE OF ALLOTMENT 20% OF FLAT COST
WITHIN 6 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST
WITHIN 12 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST
WITHIN 18 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST
WITHIN 24 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST
WITHIN 30 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST
WITHIN 36 MONTHS FROM THE DATE OF ALLOTMENT 12.5% OF FLAT COST

Which area will be better for you to invest?

When you have this same question in your mind about which area will best for you to invest then you can compare things like amenities, location benefits along with price to choose the best area for investment.

Agrante sector 108 Gurgaon:

Agrante sector 108 Gurgaon is without any doubt a profitable area to invest because of the following reasons:

  • Best Amenities:

You will get better amenities at better prices at Agrante sector 108. From your basic need to advance you will all get at this place?  The amenities like 24/7 power backup, kids play area, fire management system and electrical elevators will be there in this area.

  • Best price and location benefits:

You will get better location benefits in this area with some less payment that can help you to choose this place instead of others. This area is 15 minutes away from IGI airport, and just 5 minutes away from nearby metro station.

Dwarka Expressway:

  • Amenities:

You will get world-class amenities at this area of Dwarka Expressway, from the power and water supply to playing and Yoga area you will get all here.

  • Location benefits:

This area is closely connected to national highway 8. The metro station is not so far, so as the IGI airport. Shopping malls, educational institutes, and retailing shops are very close.

On the basis of this comparison of Dwarka expressway and Agrante sector 108 Gurgaon, you can make your decision to invest in best possible area according to your choice.

December 5, 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
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
For Properties up to 30 Lakhs, you can Avail 90% of Loan from Banks

Home Loan for OSB Golf Heights Gurgaon

The year October 2015 has spread waves of happiness among Indians after the Reserve Bank of India (RBI) announced the change in home loan policy. And this change of policy gave a significant boost to the slow real estate market.

The new guideline set by the RBI made buying an affordable housing unit a lot easier than before. Home loans for ₹ 20 Lakhs or less had a Loan to Value Ratio of 90% and the amendment in policy stated that the Loan to Value ratio (LTV) for home loans up until the value of ₹ 30 lakhs was raised to 90%.

Now some of you might be wondering what is Loan to Value (LTV) ratio. LTV is defined as the proportion of the property that the bank will extend to the borrower as a loan.

In short and simple words, it means that the bank will provide 90% of the value of the property as a loan to the borrower, which will ease his or her process of buying their dream home. 90% is the highest amount of loan which can be sought by a borrower and he or she also can consider opting for a loan value of less than 90% as per their needs and requirements.

After the initiative was taken by the Prime Minister Shri Narendra Modi towards affordable housing scheme under “Pradhan Mantri Awas Yojana” that aims at providing “Housing for All by 2022”, the sale of affordable housing units in Gurgaon and India witnesses a major improvement.

The circular of RBI followed a reduction in interest rates of home loans by India’s leading banks. It was said that this initiative will not prove beneficial for metro cities such as Gurgaon, Delhi, Mumbai, Bengaluru, Kolkata, etc., but after a review of the scheme, it was observed that metro cities and non-metro cities are performing well.

For example, Sohna Road in Gurgaon has become a hub of affordable housing projects in Gurgaon. The city is a major part of Delhi NCR and it is following an upward trajectory motion since the introduction of affordable housing projects in Gurgaon.

Best affordable housing in Gurgaon is OSB Golf Heights located in Sector 69 Gurgaon, which is just 1 km away from Sohna Road. Booking is open for this residential project and interested home buyers have an option to choose from 1 and 2 BHK apartments with essential amenities and conveniences.

The reduced LTV( loan to value Ration) has enhanced the capability of potential home buyers who are now ready to invest in the affordable housing segment of the real estate industry. The confidence in the buyers have gone up and the overall customer sentiment is redefining the world of real estate.

Soon, every Indian will have their dream home and nobody has to be scared in order to make an investment in the real estate industry. There are a lot of real estate developers in the industry who are working devotedly towards affordable housing market and one such developer is OSB group who has successfully delivered many affordable projects across India.

November 1, 2018 / by / in
5 new cities to be developed along KMP expressway

KMP Expressway latest news

The Government of Haryana has planned to develop 5 smart cities in the state. These will be on the lines of Singapore city and will be on the KMP expressway.

This was announced by the Chief Minister during a press conference last week. The minister was highlighting the progress and achievement of his government since he came to power in 2014.

He also mentioned that Gurugram will become a super smart city and his government has the necessary funds to develop the city.

As per the minister, work on all the 6800 announcements that he made as CM are complete. And for the announcements made in 2018, the work will be complete next year. Further, he said that 166 points have been achieved out of the 175 points mentioned in his election manifesto.

He also added that before BJP came to power, corruption was rampant in the state and the previous government had kept itself busy with less important issues like transfers etc.

31 laws have been enacted in his tenure and many obsolete policies are done away with. There are plans to do more and outlay more funds towards health and healthcare for the people in the near future.

There has been a marked improvement in teachers posting, with almost 90% of the teachers getting postings or transfers to their place of choice or in their native towns. The introduction of online transfer policy has brought about a lot of transparency in recruitments.

Moreover, basic facilities that are on par with urban areas have been provided in rural areas. Villages, under the Seven Star Rainbow program, would be given ratings on the basis of facilities available.

As per the CM, most of the villages have already been rated close to 6 stars.

 

Source: http://www.newindianexpress.com/nation/2018/jun/29/five-new-cities-to-be-developed-along-the-kundli-manesar-palwal-expressway-1835666.html

 

 

 

 

 

 

 

October 30, 2018 / by / in
Confused to Choose Between A Builder Floor and A Multi-storey Apartment?

Builder Floor and Multi-storey Apartment

With a plethora of real estate property options available in the market today, young home buyers are spoilt for choice. Real estate investment is attracting a major pool of millennial to invest in the properties. But where to invest in?

Affordable housing projects, premium and luxe villas, multi-storey apartments or a builder’s floor? All these options can put you in a great pandemonium. In this customer driven industry, real estate developers are closely monitoring the needs and demands of the customers so that they can fulfil their demands.

A report published in one of India’s leading newspapers “The Hindu” states that about 60% of first time home buyers prefer multi-storey apartments over an independent builder floor. To understand the whole scenarios, we have to go step by step. Let us discuss these 2 types of properties individually.

What is a Builder Floor?

A builder floor apartments are generally referred to low-rise buildings with 2-4 floors and each floor has provision for an independent dwelling unit. This provision overtakes the requirement for independent villas or bungalows.

An individual residing in a builder floor gets a lot of privacy and the real estate property is regarded as a luxury. But there are a few problems and risks associated with builder floor. You get to live a premium society but the high maintenance charge has to be managed by the home owner.

The real estate developer will not be paying for the maintenance. Apart from that shared and common amenities will be missing in such residential complexes. Carry out an extensive research and thorough planning before you invest in a builder apartment.

What is a Multi-Storey Apartment?

A multi-Storey apartment is the typical residential apartment that we usually come across. One floor can be shared by 2 families or so. The best part of this apartment is that it is affordable. After PMAY initiative, many reputed real estate developers have started their projects under affordable housing scheme.

OSB Group is known for delivering high-quality affordable housing projects across the country and has recently launched OSB Golf Heights in Sector 69 Gurgaon which is the best affordable housing in Gurgaon.

Multi-storey apartments have many advantages such as availability of a lot of essential amenities, conveniences for the ease of the residents. Millennials prefer a gated community life and that’s what is provided in multi-storey apartments.

If you have to choose between these two options, a multi-storey apartment should be the one on any given day due to all the facilities that come along with the home. Builder floors are often a middle path followed by individuals who find villas and bungalows expensive and who doesn’t want to live in tall buildings.

But multi-storey apartments are quite feasible in the real estate market of Gurgaon, Mumbai, Chennai, Bengaluru, etc., In addition to this, if you choose to go with a multi-storey apartment, you will find a large number of options to choose from. And apartments have always more chances of a resale as compared to a builder’s floor.

October 29, 2018 / by / in
Connectivity of Gurgaon: Explained in Detail

Coonectivity of Gurgaon

From an economic wasteland to a leading financial and technology hub, Gurgaon today is home to more than 250 Fortune 500 companies.

This evolutionary micro-market has become the most-sought-after realty investment destination for luxury as well as for affordable housing market. According to a report, the population of this city has almost doubled up between the years 2001 and 2011.

Recently, the ease of living index has placed the city on 88th position and this has sent shock waves among the residents of Gurgaon. The city is often publicized as a city, which has global standards and is marvelled due to its uber-stylish skyscrapers.

Gurgaon has become a hub of intense real estate activity over the last few years. And due to the emergence of huge commercial space and flourishing infrastructure, the city has an excellent transport and commuting system.

 This article is curated to throw some light upon the connectivity system of the millennium city – Gurgaon.

Major Roads

National Highway 48 is the major highway that connects the city to the major parts of Delhi NCR. Apart from that, the 136.5 km long KMP Expressway (Kundli-Manesar-Palwal), also known as Western Peripheral Expressway is an upcoming road, which will connect major cities such as Sonipat, Rohtak, Manesar, Sohna, Palwal, Jhajjar, Bahadurgarh, etc.,

Also, the Delhi-Gurgaon Expressway, which is 27.7 km long, connects Delhi to Gurgaon and is a part of the Golden Quadrilateral project.

Sohna Road, which is known as the hub of affordable housing projects in Gurgaon is only 28 km away from IGI Airport, 17 km from the railway station, and 12 km from the NH-248A.

Metro Route

Metro is the lifeline of the city. With a population of 876,900, the city relies on the metros for daily commuting and transportation.

The 49 km long Yellow-line metro runs from Samaypur Badli (Delhi) to HUDA City Centre (Gurgaon). It covers 5 stations within Gurgaon and those are Guru Dronacharya, Sikanderpur, MG Road, IFFCO Chowk, and HUDA City Centre.

There is a rapid transit metro system, 11.7 km long, which serves Gurgaon and act as a feeder link to the Delhi Metro. There are all total 11 stations, which are: Sikanderpur, Phase 2, Vodafone Belvedere Towers, IndusInd Bank Cyber City, Micromax Moulsari Avenue, Phase 3, Phase 1, Sector 42-43, Sector 53-54, Sector 54 Chowk, and Sector 55-56.

Railways

Gurgaon Railway Station serves the city and connects Delhi and Gurgaon. Apart from that, the railway route connects some of the major cities of India, such as Ahmedabad, Ajmer, Howrah, Jaisalmer, Jaipur, Kolkata, Mumbai, and Varanasi.

Recommended Post: 5 Reasons to Invest in Sohna Road

Bus

Gurugram Metropolitan City Bus Service Limited (GMCBSL) is going to launch 25 buses to cover a route of 25 km for the ease and convenience of the city residents. The buses will be launched by Diwali 2018.

Looking at all these commuting and transportation factors, we can say that Gurgaon is a well-connected city. If you are seeking the best affordable housing in Gurgaon, you may invest in OSB Golf Heights Sector 69 Gurgaon. This affordable and ongoing housing is located just a km away from Sohna Road. For more details, you may visit their website.

October 24, 2018 / by / in
“Festival of Lights” is the Prime Time of the Year for Buying Property

Diwali Investment Opportunity

Diwali is regarded as one of the most significant festivals in Indian culture and is celebrated throughout the country to signify the triumph of light over darkness. Firework displays are the main attraction of this festival.

This Diwali, make sure that your rocket soars high at your new home. Only the rocket will soar high not real estate prices as the affordable housing market in India is making dreams of millions of people in the country turn into reality.

Investing your hard-earned money into any other industry than real estate becomes quite sceptical. However, a real estate investment will hardly ever go wrong. Potential home buyers who are looking towards investing in real estate must take a plunge.

This article will give the readers and potential home buyers a few concrete reasons to invest in real estate property in Diwali 2018. Celebrate this season with your future.

An Auspicious Period

“Festival of Lights” is certainly considered very auspicious to embark your journey to attain something new. With Dhanteras and Laxmi Puja lining up behind Diwali, many people invest in gold or property.

This is the time when you take one more step towards your dream home. The year 2018 will be over in just a couple of months. Make the most of this year by booking your dream home. OSB Golf Heights in sector 69 Gurgaon comes under the category of affordable housing scheme of Gurgaon. Booking is open for potential buyers.

High Returns on Investment

Investment in real estate has remained as a most lucrative proposition in India especially in Delhi NCR. Since Gurgaon has a wide variety of affordable housing units, the area expects high returns on investment. Even housing rentals in the area are expected to witness a significant growth, which will boost the affordable housing projects in Gurgaon.

Access to Easy Funds

Every one of us eagerly waits for the whole year for Diwali to knock on our doors. We save money to do something special to keep up the festive spirit. Moreover, this is the time when we have an easy and hassle-free access to funds we need to invest in the real estate market.

We receive a bonus amount or increased pay hikes to celebrate. Often you also must have seen banks and other financial institutions offering heavy discounts on housing loans. Grab the opportunity and cherish with your loved ones at your dream home.

Triumph of Light over Darkness

Real estate industry of India has changed the way it used to work with a 360-degree approach now. It believes in maintaining transparency with the home buyers with the introduction of acts like RERA and Affordable Housing Scheme.

Affordable housing projects in Gurgaon are shaping the skyline of new Gurgaon. Therefore, Diwali 2018 is the prime time for home buyers to seal the deal buying or booking a home this time may save a huge deal of money that you can invest somewhere else.

Celebrate Diwali and Celebrate Life.

October 22, 2018 / 1 Comment / by / in
Southern Peripheral Road is set to Fuel Real Estate in Gurgaon

Southern Pheripheral Road Gurgaon

Southern Peripheral Road, which is commonly known as SPR, is a 16km long and 150 m wide road. This stretch is drawing the attention of many real estate investors and home buyers due to its excellent connectivity to existing major commercial hubs.

The road also connects Golf Course Extension Road and National Highway 8. Connectivity has made this area an upcoming residential and commercial location in the National Capital Region. It serves as a crucial link between Faridabad-Gurgaon Road and is positioned as an up-market.

The location is primarily set to become an affordable housing micro-market with most of the reputed builders planning affordable residential units focused towards “Housing for all by 2022” mission. SPR is an evolving micro-market that foretells better days as the area expects high capital appreciation and yields high returns on investment.

A recent report released by The Times of India states that the affordable housing sector in Gurgaon is expected to witness a significant boost as 74 new licence approvals are pending with the DTCP. Department of Town and Country Planning is a nodal department that encourages healthy competition among various private real estate developers for urban development.

As per the report, it has invited fresh applications to build over three lacs affordable housing units.

Haryana revised its Affordable Housing Policy 2013 in October 2017, to extend a prevailing cap of 300 acres in Gurgaon district to 1,935 acres. This gave real estate developers who cater specifically to the affordable housing segment the much-needed boost. Because they claim that, there is a huge demand for affordable housing and an increase in the supply of the same will definitely attract buyers.

Even the government is helping the developers by approving the projects on time, as it will help the developers in the timely delivery of the projects.

Real estate developers who have their focus on the affordable housing market are coming up with new developments in the area. One such developer is OSB Group (Ocean Seven Buildtech Pvt. Ltd.). OSB Golf Heights in sector 69 is the upcoming project of the group, which offers one and two bedroom apartments.

This sudden boost in the demand for affordable housing is helping the revival of the real estate market. After the introduction of regulatory terms and acts such as RERA and GST, the real estate market of the National Capital Region had slowed down a bit.

However, affordable housing has acted as a catalyst and proved to be a major growth driver in the area, particularly, Sohna Road, Dwarka Expressway, Southern Peripheral Road, and Northern Peripheral Road.

SPR offers a host of commercial establishments, residential projects, entertainment areas, educational institutes, and has location advantages. All these factors will help Southern Peripheral Road micro-market to witness growth in terms of capital appreciation in the next few years.

Read Also: Affordable Housing – The Growth Engine of Indian Realty Sector

The market is set to see a phenomenal rise in transactional volumes, which would fuel the sales volume too. Southern Peripheral Road is a major part of New Gurugram that is fuelling the affordable housing segment of Delhi NCR as well.

 

October 16, 2018 / by / in