Description
Although a significant real estate hotspot, until recently Gurgaon was not an option for every property buyer. The property prices here had skyrocketed due to the rising demand and shortage of urban land. Moreover, a large section of the reputable builders had been focusing on high-end properties in the premium and luxury segments. The homebuyers searching for pocket-friendly options had to compromise in terms of amenities or locational advantages. However, this has been changing lately, with the affordable housing Gurgaon booking open in several projects. Certain localities in Gurgaon are now growing into prime affordable housing hubs. What is helping these affordable housing projects be successful? Within a brief period, the new affordable projects have gained tremendous popularity. Several factors have together led to this quick success. Considering that Gurgaon is suffering from a scarcity of residential properties at affordable prices, there is already plenty of demand in the market. The upcoming affordable housing projects in Gurgaon 2021 are being developed at advantageous locations rather than rural areas for lower land prices. These projects goal is to provide the financially challenged sections of the population with a healthy lifestyle. Hence, they offer a variety of modern amenities. What makes these properties affordable? As shelter is one of the basic needs and a significant section of the population does not own proper housing, the government took several steps to provide affordable housing. Covered by the Huda affordable housing policy, these residential projects offer many reasonable rates than other complexes with similar features. The PMAY initiative provides the homebuyers with a subsidy of up to INR 2.67 lakhs. The buyers would pay up for the homes in the best affordable housing projects in Gurgaon over long periods, such as three years in easy instalments.
How is affordable housing growing in Gurgaon?
