"> A Plunge in Affordable Housing Launches Affects Gurgaon’s Real Estate - Affordable Housing Gurgaon

A Plunge in Affordable Housing Launches Affects Gurgaon’s Real Estate

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

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