Is Affordable Housing A Good Investment in Gurgaon?

 

Because Gurgaon is one of the leading real estate destinations in North India, the real estate trends in this city are very important. Affordable Housing in Gurgaon has been in high demand among end-users in recent years. Even when the property sector was experiencing sluggishness and a drop in overall property demand, the demand for affordable housing in Gurgaon or other parts of NCR remained relatively constant.

The Current Situation in Gurgaon's Affordable Housing Real Estate

A few years ago, the majority of residential projects developed in Gurgaon were luxurious and expensive. These residential communities were built by a reputable real estate developer to meet the needs of the region's growing population of wealthy individuals. According to the survey, approximately 60% of all properties launched in Gurgaon between 2018 and 2019 fell under the Rs. 50 Lacks slab. A variety of factors eventually contributed to an increase in the inventory of these residential properties:

Excess in supply: As a result of too many real estate developers concentrating on high-end developments, there is an excess of supply over demand.

Rising property rates: Rising housing prices have made luxury homes prohibitively expensive for many prospective buyers who would otherwise have purchased them.

Good Demand for Affordable Housing: Because of the growing IT and corporate sectors, Gurgaon has seen a large influx of working professionals. The majority of these professionals prefer to purchase smaller, more affordable apartments.

Property Buyers Changing Their Focus: Observing the shift in demand from luxury to affordable homes, many investors began to invest in affordable homes in order to earn good returns.

The real estate market in Gurgaon has changed dramatically in recent years. By now, the best Haryana housing board flats in Gurgaon have seen a good sales volume.

Growth of the Affordable Housing

The development of affordable and mid-range residential properties in Gurgaon took place in stages over the years. Various factors have played an important role in gaining momentum for the movement.

Developers: Many real estate developers who were losing money due to a drop in sales of luxury housing began to shift their focus to affordable housing. This allowed them to survive because the revenue generated by affordable housing breathed new life into the real estate industry and allowed the builders to continue with their other projects. This is a win-win situation for builders and buyers alike, as well as the entire real estate industry.

Government Schemes: Several government initiatives to boost this segment have also aided in development. PMAY (Pradhan Mantri Awas Yojana) and Pradhan Mantri Awas Yojana flats in Gurgaon are two of the best schemes. Because of the subsidies provided to the real estate developer, they were able to offer the home at very low prices. These steps have been taken in order to present the best housing in Gurgaon to a larger segment of the property market rather than just those who can afford the luxury housing.

Why is Affordable Housing in Gurgaon Beneficial?

High & Quick Appreciation

Affordable properties tend to appreciate faster than luxury properties, which is the primary reason for the growing interest of investors. Most Tier 1 and Tier 2 cities have reached saturation, and real estate development has shifted to the outskirts and suburbs with more affordable options.

Limited Risk

The amount of risk is one of the main concerns of real estate investors and home buyers (risk is everywhere).The best thing about affordable housing is that it has a lower risk because it requires less capital and can guarantee high returns. Affordable housing flats in Gurgaon can also be a good source of rental income and are the most accessible option for first-time investors.

High-End Market Saturation

Because of the inflated value, the luxury housing property market has become immovable and is far from the affordability margin. With this decline, many builders have announced their affordable residential projects, which have good exposure in the mid-level market. With the luxury property market saturated, investing in affordable residential property has become a viable investment option.

Higher resale value and easy exit

Because a large number of end-users are looking for affordable residential property, the scope for real estate is easier. This rising demand for affordable housing also makes it easier to obtain a good resale price, allowing for a higher profit. As a real estate investor these days, affordable housing is a far better option than luxurious housing.

Renting has never been this easy

Because of their lower prices, affordable residential properties are known to have better rental prospects. In any city, affordable areas have seen rapid development in terms of infrastructure and value. These characteristics contribute to it being more suitable for renting, and one can be confident of finding the best tenant eager to rent the home. This ease of finding a renter will also ensure consistent cash flow.

High return on investments

Real estate investments are the best way to earn a good return on capital, and with affordable property, you can resell it for a profit. These residential properties can also be rented out to generate consistent cash flow.

Visit: https://www.orionrealtors.com/affordable.html

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Affordable Housing in Gurgaon – Affordable Projects in Gurgaon

Home is where the heart is. Rightfully said, we all look for a house of our choice to reside in. Giving wings to this desire, HUDA has brought forth Affordable Housing Projects in Gurgaon so that every individual can invest and have a house of his very own.

Under Haryana Government Affordable Projects in Gurgaon, many reputed builders are building projects in Gurgaon and Dwarka Expressway, keeping quality, comfort and cost, all three factors in mind. Since they come at a fixed pricing from the government, one can easily plan out his finances and invest in a project of his choice. Still, when it comes to investing your hard earned money, everyone wants to make the most suitable choice based on his needs and requirements.

Gurgaon has many new Affordable Housing in Gurgaon for the investors to choose from. Ranging from 1 bhk to 2 bhk, these projects built by various builders, are available with many amenities and facilities as well. Further being approved by HUDA, adds to the credibility of the project along with fixed pricing Call@9250933999, making it easily affordable and accessible for many.

Breez Global Hill View is an affordable project in Gurgaon (Sohna, South of Gurgaon) to meet the need of affordable houses for those who dream to own their home in the premium location of South Gurgaon. The grand affordable housing project is located in the sector-11, Sohna, Gurgaon.

Breez Global Heights is an affordable housing project in sector 33 Sohna, Gurgaon has been developed as a complete township that includes almost very thing required for your daily life. Multistoried towers with a large number of houses enrich the projects and make it completely liable for those who look to live their life in the heavenly environment.

Tulsiani Easy in Homes excels in designing and developing state-of-art affordable housing in Gurgaon. Tulsiani Group has launched a project in Sohna under Huda affordable Policy 2013 in the name of "Easy in homes"

Some of the renowned projects by renowned builders include The Millenia Gurgaon, AVL 36 and Apex our home Sector 37c Gurugram, to name a few. Starting from costs as reasonable as 12.5 lacs, these homes are located at very convenient locations, making everyday life easy and convenient. Be it commute or amenities and facilities, these projects offer all of them, at no extra cost!

So if you choose to invest in a lucrative place like Gurgaon or Dwarka expressway and have a budget, then Affordable Housing in Gurgaon are the best place to invest, ensuring you have maximum value for your money while not compromising on credibility or quality either. Thanks to HUDA, for making the dream for a home, come true for all.

Source: http://blogs.rediff.com/orionrealtors/2019/09/23/affordable-housing-projects-in-gurgaon-2/

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Affordable Housing Projects in Gurgaon – Huda Affordable Housing Sohna Gurgaon

Home is where the heart is. Rightfully said, we all look for a house of our choice to reside in. Giving wings to this desire, HUDA has brought forth Affordable Housing Sohna Gurgaon so that every individual can invest and have a house of his very own.

Under Haryana Government Affordable Housing Projects in Gurgaon, many reputed builders are building projects in Gurgaon and Dwarka Expressway, keeping quality, comfort and cost, all three factors in mind. Since they come at a fixed pricing from the government, one can easily plan out his finances and invest in a project of his choice. Still, when it comes to investing your hard earned money, everyone wants to make the most suitable choice based on his needs and requirements.

Gurgaon has many new Projects Affordable Housing Sohna Gurgaon for the investors to choose from. Ranging from 1 bhk to 2 bhk, these projects built by various builders, are available with many amenities and facilities as well. Further being approved by HUDA, adds to the credibility of the project along with fixed pricing Call@9250933999, making it easily affordable and accessible for many.

Some of the renowned projects by renowned builders include Global Heights Sohna, Global Hill view Sohna road, Gurgaon, Tulsiani easy in homes, Arete our homes 3, the Millenia Gurgaon, AVL 36 and Apex our home Sector 37c Gurugram, to name a few. Starting from costs as reasonable as 12.5 lacs, these homes are located at very convenient locations, making everyday life easy and convenient. Be it commute or amenities and facilities, these projects offer all of them, at no extra cost!

So if you choose to invest in a lucrative place like Gurgaon or Dwarka expressway and have a budget, then Affordable Housing Projects in Gurgaon are the best place to invest, ensuring you have maximum value for your money while not compromising on credibility or quality either. Thanks to HUDA, for making the dream for a home, come true for all:

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The Challenges and Opportunities of Affordable Housing in India

As other developing economies, India is also touching the boundaries of urbanisation and the pace of it is quite evident with the increase in percentage of urban population in recent past. As per Indian census, in 2011, 31% of Indian population contributed to urban population. According to estimates, around 600 million people are expected to make urban India their home by 2031, a whopping 59% growth over 2011. And to match this growth, the infrastructure of our country also needs to be developed. In India, home ownership is a dream for most of the “emerging middle class group”, “economically weaker sections” and “lower income groups”. They face various challenges when they think of buying any property.

·         The distance between the house and connecting areas makes a big difference on buying decisions of prospective buyers. The lack of land available in urban area makes the task of builders very difficult, this in turn poses a challenge to potential “affordable housing” customer of the connectivity with his work areas in the cities. This can be overcome if there is a rapid transit system of transportation available in the area.

·         The knowledge of various documents which needs to be provided to avail home loan facilities, still lack in various sections of society. This makes the task difficult for them to avail the loan facilities. Various financial institutions of our country should step forward and provide financial literacy to each section of society so that they don’t be deprived of their rights.

·         Many sections of society still do not know about such affordable housing schemes. The companies undertaking such projects should come forward and run various programs to educate these sections.

·         The rising cost of constructions and various taxes levied upon the customers makes the buyers take a backseat. Government should step in and make various committees to rule out the unnecessary taxes and turn this into single window clearances which will make this scheme accessible to all the needy ones.

Going forward, Government and builders jointly can bring harmony to the lives LIG’s and EWS of the society. The construction pace of such projects should also be looked upon without compromising the quality. Various taxes on construction material can be exempted which will in turn reduce the cost of ownership. New age technology can be incorporated for faster completion of the projects and granting possessions. Also, the local byelaws regarding parking etc should also be fine-tuned. The urban infrastructure should also be developed in relation to affordable housing projects so that the increasing demand of urbanisation can be met with the infrastructure of city.

In a country like India where a bus driver owns a latest technology mobile phone, but lacks the ownership of his house, affordable housing scheme might bring a great change. It will serve as a ray of hope for those who really want to fulfill the dream of having their house.

Source By :http://www.affordablehousingprojectsgurgaon.com/blog/the-challenges-and-opportunities-of-affordable-housing-in-india/

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Paradigm Shift in Real Estate with Affordable Housing Projects

Today in India, the real estate sector is witnessing a paradigm shift. The focus has turned more towards affordable homes rather than luxury homes, which has made it possible for the middle and lower income groups to buy their own shelter. In residential properties, the strategic location of the place makes it a hot cake. In making the buying decision, excellent connectivity to all places through road, rail and metro and public service places in the vicinity become dominant.

There are a lot of factors that needs to be considered while looking for a suitable home. These are social, psychological and most important of all financial factors that need to be considered before making a decision. Some people may have more bandwidth to splurge while some may have a tight budget within which they have to negotiate and manage.

With the Indian Government taking proactive steps towards “housing for all”, the dream of owning a home will no longer remain a dream for Indians. It has also been given the infrastructure status which is sure to increase the interest of private builders in affordable projects. Infrastructure status will ensure easier access to institutional credit and help in reducing developers’ cost of borrowing for affordable projects. The reason behind taking this decision is to ensure housing for all by the end of the year 2022.

Further announcements made by the Indian Government are also sure to bring a radical change in this sector. The Government has also made an announcement regarding rented properties on which tax benefits are going to be curtailed, at the same time, the borrower will be allowed deducting the interest paid on the home loan after rental income adjustments are done.

According to the latest laws related to property tax, a property that gets sold within three years of its purchase will see the profit from this transaction as a short-term capital gain. The taxes will apply on the same as per applicable rates.

Many countries have witnessed turbulent real estate markets and the experts believe that it is soon going to take a turn for the better shortly. Well-planned and thought about steps and decisions are surely going to give a boost to this sector. The Government is on the right track and taking decisions to ensure a much-needed boost to this sector.

In addition to this, several reputed builders and developers are encouraging the concept of affordable homes by coming up with budget friendly projects. Amongst a plethora of developers present in the country, one of them who stand out from the league is Haryana Govt. Huda govt’s flagship project namely, breez developers is one of the best examples of affordable housing. The group believes in offering state of the art and Located on NH – 24, Gurgaon; Affordable Housing is truly an ideal destination to cherish a comfortable life. With the concept of affordable housing becoming a hit these days, innumerable people are looking forward to making the most of this opportunity.

Want to know more about Affordable Homes in Gurgaon? Get in touch with us by writing us in the comment box below.

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Affordable Housing- A New Game Changer

In a country where having a home is considered to be the most essential thing, affordable housing schemes have taken the pledge to fulfil everyone’s dream. The Indian economy is regulated by many factors and now affordable housing has added its name to those lists of factors. The impact of these schemes is coming up very positive and real estate sector once flagged is now picking up steadily. The softening of interest rates which were stable from quite some time, has also lead to the growth of the affordable housing scheme.

This scheme is flourishing and will soon be the game changer for the real estate sector. With over 30% growth rate predictions, this sector will soon be the talk of the town. Affordable housing scheme is selling like hot-cakes and seems to fulfill a dream of owning house of every common man.

According to Knight Frank India, a real estate consultancy, there has already been a significant surge in affordable housing projects across eight major cities. Homes priced below Rs 50 lakh accounted for about 71% of the total launches between January and June 2017, a significant 52% increase from the corresponding period in 2016. 

After demonetization, real sector dealt with a severe blow but affordable housing scheme has generated a new source of revenue. It had encouraged the developers and builders confidence in taking up various new projects and investing their efforts.

No doubt that Government is fully supporting this scheme, but also investors having full faith in this scheme. A major factor for its phenomenal growth is the keen interest taken by Modi Government in the housing programs run by them. This year’s budget also boosted the confidence of this sector. Policies like RERA (Real Estate Regulatory Authority) have infused full confidence among buyers and they are getting more decisive in terms of home buying.

The availability of cheap home loans in market is also encouraging the buyers to go ahead with their decisions for affordable housing. The home loan market in India consists of 76 lenders. These include state-run banks, private banks, and housing finance companies (HFCs). All these are trying to woo customers. Out of all these HFCs are ruling their way out. According to an India Ratings and Research report, affordable housing finance is set to be an Rs 6 trillion market by 2022. The research agency has also predicted a whopping demand for 25 million homes in the medium-income group (MIG) and lower-income group (LIG) categories over the next five years.

With all these factors driving the affordable housing schemes to be successful, surely it’s going to be a game-changer for the real estate industry in the near future. Government policies and support to provide housing for all by 2020 seems to be taking shape and coming along positively.

Source By : http://www.prfree.org/news-affordable-housing-a-new-game-changer-432820.html

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