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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
“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 / 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
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
Relaxed Countryside Lifestyle at OSB Golf Heights

OSB Golf Heights Affordable Housing Project

OSB Golf Heights is an affordable housing project located on Southern Peripheral Road (SPR), which is a rapidly developing area with ease of accessibility. Precisely, OSB Golf Heights is located in Sector 69, Gurgaon which is only 1 km away from the major business and industrial hub – Sohna Road.

It comes under affordable housing scheme Gurgaon and is a well-equipped residential development with all elementary amenities and conveniences to make life truly comfortable for the inhabitants.

The whole residential development is spread across 5.41 acres of expanse land and 5 thoughtfully designed towers houses 1 and 2 BHK apartments. The design of the apartments has been carefully laid out to offer a suitable ventilation system.

                OSB Golf Heights is an epitome of affordable housing Gurgaon with its vivid architecture and numerous strategic location benefits. It offers a modern yet contemporary lifestyle to the residents. This affordable residential project in Gurgaon is located at an ideal location, offers value for money, quality, and standard specifications and features, essential and needful amenities.

The project offers a wide range of basic amenities such as multiple lifts, 24/7 power backup, a fully-equipped gymnasium, walking and jogging track, creche room and dedicated play area for kids, yoga ground, a meditation room, grocery store, fire safety alarm and extinguishers, inbuilt rainwater harvesting system, highly trained security and additional CCTV Surveillance.

OSB Golf Heights awaits to embrace and welcome to a world where nature and modern day lifestyle co-exist in harmony. Dive into a calm and peaceful state of mind with 70% open space and vast lush greenery that surrounds the project. Enjoy a healthy and fun-filled lifestyle and create adorable memories with your loved ones.

Must Read: OSB Group’s Latest Launch Under HUDA Affordable Housing Policy

OSB Golf Heights evokes a sense of comfort as it strikes a healthy balance between work and play. The location is very close to industrial clusters and business hubs, schools, colleges, hospitals, shopping malls, etc. Each one of these offers you a myriad of opportunities for fun, recreation, joy and promises you a lifestyle that you will fall in love with instantly.

                Being close to work and social amenities, OSB Golf Heights is your doorway to the picture-perfect life that you have always dreamt of with your loved ones. Affordable housing Gurgaon project which has been developed by Ocean Seven Buildtech Group (OSB) starts at an affordable price of ₹ 14, 83,000 and has a low booking amount of only 5%.

Well-connected to the major and important parts of Delhi NCR, OSB Golf Heights is the ideal affordable housing project in Gurgaon keeping in mind the value it provides for the money.

Recommended Post: Affordable Residential Apartments on Southern Peripheral Road

Moreover, location is a major deciding factor prior to investing in real estate, but while choosing OSB Golf Heights Sector 69 Gurgaon, one doesn’t have to think of anything. Situated near the major commercial hub of the city, the residential development may witness capital appreciation and healthy returns on investment in the coming years.

Sohna Road has become a popular investment destination in the past few years with tremendous growth and development in infrastructure and commercial development.

October 6, 2018 / by / in
What are the benefits of Investing in Gurgaon real estate?

Affordable housing project in Gurgaon

We are living in an uncertain world, where we all are not sure what tomorrow will bring to us. In life, we are getting tough situations day-by-day as the cost of living is increasing every year. Especially for the people who are living in metropolitan cities like Delhi-NCR. Gurgaon the city with vast Developments in iT sector where most of the young employees prefer to have  a second home in the city.

To overcome these situations, investing in affordable housing properties in Gurgaon is one of the best decisions one will ever make. Getting a huge benefit with bags of profits is the best ever thing with basic investment in the real estate is pretty great thing isn’t it ? So, experts of Real estate suggests that people who are ready to invest in the real estate should see themselves first in Affordable housing projects so that they can get a vast exposure. Here, some of the best benefits are listed below. Have a look!

Long-Term Financial Security

Investing in Affordable housing project in Gurgaon gives a Long-term financial security, which is one of the great benefits of investing in real estate. The affordable housing property value is most likely going to increase because land and buildings are appreciating assets. But it is always recommended to thoroughly research the location suggested within the limits of Gurgaon before buying the one for you.

Tax Benefits

Are you familiar with the fact that property investment also offers many tax benefits and deductions? Yes, this is true! The cash flow from an investment property is tax-free. Moreover, in Gurgaon it is valid where most of the affordable housing projects which approved  by HUDA and also comes  under affordable housing project scheme,2013 an initiative of Haryana Government. Additionally able to cut down almost all expenses related to owning and managing an investment property.

Full Control

You’ll have full control over the investment when you buy a rental property. Investing the sum in these affordable housing project especially in Gurgaon sets you free and ensures to have a freedom where  You’re free to make the decisions. Also, you will get to set how much to charge for rent and when to sell the property investment.

Fewer Risks

Every investment has also got some few cons so as in Affordable housing project investments, that has fewer risks when that compared to other types of investments. The longer you hold investment properties, the fewer risks of loss you will face because home prices raise up with time.

Recommended Post: An affordable home for you and your family in Gurgaon

Passive Income to Fund Your Lifestyle

It is well said that any form of passive income is better than no passive income. However, the investment in Gurgaon affordable housing projects can negotiate the Rents which might tend to rise over time and your cash flow will frequently improve as time goes on. The more rent you receive the higher will be your passive income. Especially in the city of gurgaon where the affordable housing project sales has a boom in its sales will obviously have a massive effect in increase of Rents accordingly to the demand.

Found Interesting in Investments on affordable housing project ? So don’t go late and Start earning some extra income via investing in affordable housing real estate, gurgaon now.

October 5, 2018 / by / in
Amounts and Affordable Housing Will Be Improved for Real Estate business

Are you looking to invest in the affordable housing schemes for taking more benefits of your invested money? If yes then this year is going to be a perfect year for the investors as there are plenty of affordable housing projects are running in the market. You can choose the area which you think is going to be more profitable as the years passes; in that case comparison of various affordable housing, schemes will give you certain idea to choose the best one.

Chances of improvement in Real Estate business will increase:

The working scene of real estate business was started in India almost 20 years ago but most of the companies were not working to improve their benefits till the year 2001. Now in India the business of real estate is really going on some great heights because investors have started to buy properties in affordable housing schemes. There is plenty of housing schemes are running in the Noida and Gurgaon are which can gain your attention to investing in that area. If you are also a buyer who wants to invest in the

Real estate business then upcoming time can help you to get double benefits of investing in real estate business.

About the Real Estate regulation development act:

Whether you are a buyer or investor it is necessary for you to collect some information about Real Estate regulation development act which is made for helping the buyers to get more profits from their investment. You can check some of the key points of this act in following points:

  • The government has made Real Estate regulation development act (RERA) for helping the Real estate business and to improve their benefits
  • The new registration process after this act has been started
  • Because of this act, the buyers will be able to get refunds on canceling any booking
  • According to this act if any builder will not complete their projects on time, then you can take some legal actions
  • The Chances of trapping any buyer will be less for any builder because of this act
  • Transparency will increase in the working scenario of builders

Therefore, being an investor you can think about to invest in Real Estate business for taking more benefits of this act started by the government of India.

PM Awas Yojana is benefiting Real estate business more:

The developers are taking a great amount of interest benefits because of the PM Awas Yojana.  According to some of the experts the aim of providing a home to every Indian till the year 2022 can be achieved but in that case, 2018 will be the key to completing that mission.

 

 

October 1, 2018 / by / in