Booming need for affordable housing in India

The term affordable housing refers to residential housing units that are affordable and reasonably priced for those who fall under economically weaker section or middle-income groups. In a developing country like India, affordable housing is a boon for those who plan to buy a house. Affordable housing can accelerate the growth of fast-increasing Indian real estate market.

If the last five years have indicated something, it is that affordable housing in India has been the biggest contributor to home sales. Whether it’s metro cities like Delhi, Bangalore, Mumbai, or smaller cities like Indore, Bhopal, etc., affordable housing demand is on the rise since the past few years.
With the basic objective of affordable housing remaining the same, sellers and builders are targeting this section of the residential market. Keeping it as a priority, governments are also launching schemes and leaving no stones unturned to meet the goal ‘Housing for all’ by 2022.

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Housing for All’ by 2022 or Pradhan Mantri Awas Yojana (PMAY) in India
Launched in 2015 by the government of India which aims to provide 20 million affordable housing units for the low and middle-income group by March 31, 2022. It has two subsets:

• Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for urban areas
• Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and also PMAY-R) for the rural area

Other aspects of the scheme include Saubhagya Yojana electricity connection, clean toilet, Ujjwala Yojana LPG gas connection, Jan Dhan banking facilities, access to drinking water and more.

Need for affordable housing in India
India, being one of the most populous countries in the world and its population growing at 1.3 per cent per annum, has paucity for housing. As estimated by Economic Times, India has a shortage of nearly 4 crore houses and is constantly increasing by 1 crore houses per year. This estimate highlights the importance of housing in India.
Migration is one of the causes which has made affordable housing all the more essential, affordable homes can cater to the needs of people. Tax relaxation of up to 100 per cent for developers on building affordable housing projects has also given an impetus to build more projects under this scheme, increasing the opportunity for more people to afford their homes.

Advantages of Affordable housing
As mentioned earlier, real estate developers are given incentives in many ways by the government of India, to build more and more affordable housing units. Government is also offering home loans at a low-interest rate with increased subsidies. If you’re working and have an annual income above the criteria set by the government, you can get up to 100% home loan with up to 20 years of payback time. Not only that, but the buyers, who fall under the scheme will also only have to pay just 1% GST on the purchase of a new house.

Future of Affordable Housing
Affordable housing has the potential to expedite the growth of the Indian economy by boosting real estate marketing and infrastructure. It also offers to generate capital investment up to Rs 1-1.25 lakh crore per annum incrementally. Not only that, but it also promises to increase employability by creating 27-34 million jobs and incentivizing the growth of GDP in a significant way. The affordable housing plays a significant role in boosting India’s economic growth. Employment and Housing are two of the major sectors hindering GDP growth. Affordable housing addresses both.

2 BHK Flats In Gurugram, becomes a reality with Orchard Avenue 2

Orchard Avenue 2, sector 93, Gurugram by Signature Global is a world-class residential project which amalgamates global standards and amenities. If you are on a lookout for a high standard and luxurious living, this residential project is your best bet. Being located at Sector-93 in Gurugram, it is one of those residential projects where you would be provided with a large number of amenities. The IGI airport is only a 15 minutes’ drive from here. The Dwarka Expressway is 1.5 km away from the Signature Orchard. It is also surrounded by luxurious projects like DLF New Town Height and Spaze Privy.

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What are the main highlights of this project?

Choose from various sizes of 2 BHK flats in Gurgaon in Orchard Avenue 2 with carpet area ranging from 539.384 sq. ft. to 577.112 sq. ft. The total project spans across 5 acres. This residential project comprises of 6 towers and the apartments within these towers are resplendent with all basic amenities. One of the major highlights of this residential project is that it offers good connectivity from all the major locations of Delhi and Gurgaon.

What are the major amenities available here?

Community hall, Jogging track, kids play area are some of the major amenities of this residential project. It is one of those residential projects which comes with a 50% open area. Orchard Avenue 2 residential project would entail you with a no-maintenance charge for five years. This residential project also comes with an opulent architecture. It also features exclusive open spaces for kids to play around.

What are the locational benefits here?

The location of Orchard Avenue 2 offers you with various benefits being situated at Sector 93 of New Gurgaon. The Signature Orchard is just 1.5 km away from the Dwarka Expressway. So, if you want to commute to work, there is no other better residential space as compared to this. It is also very close to NH-8. The proposed metro station is within walking distance. Besides that, this area comprises of some the best hospitals and schools.

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What are the social amenities nearby?

One of the major highlights of this residential project lies in the fact that it has various social amenities around. With the Dwarka Expressway, you can easily travel to Delhi in a matter of just 10 minutes if you are in an emergency. Besides this, the project is near to various super-specialty hospitals. The area also boasts of good educational institutes. Thus this 2 BHK Flat in Gurugram is situated in a very tactical location. 

A note on the developer

This group is founded by a set of seasoned professionals with an aim to blend quality and global standards. This Group also showcases a profound experience in the real estate sector. They have always emphasized on customer delight and transparent ethics to build the very best of homes.

What are the USPs of this Haryana Affordable Housing project Gurugram?

· Power backup through solar cells

· Adequate parking space for 2 wheelers

· Separate Jogging track

· Amphitheatre

A note on the nearby commercial properties located nearby

The property from the house of Signature Global, a premium developer will have access to several social amenities. Some of the renowned malls like Eros City Square Mall; Sohna Omaxe Mall & Raheja Mall is located in close proximity. Vatika Business Park, Sector 48, Unitech Infospace, DLF One Horizon & Unitech Cyberspace are some of the popular business hubs close to the property. 

Leading hospitals that are close to the property include Park Hospital Sec 47, Medanta Medicity, Artemis Hospital, Fortis Memorial Research Institute, Apollo - The Cradle & so on.

What are the major amenities available here?

When an individual owns a retail shop at Signum 93, Gurugram in Orchard Avenue 2, he or she will be flooded with amenities. To thrive in business, the very first thing that any business owner notices is how convenient it is to reach the destination; as far as this property is concerned, this Haryana Affordable Housing Project Gurugram is strategically located.

There will be an uninterrupted power supply round the clock, power backup will be provided. Withdrawing cash both for the shop owners & the customers will be much easier as both the party can withdraw money from the ATMs that will be located inside the property when the need arises. Complete peace of mind is guaranteed to the shop owners as there will be 24*7 securities. The entire property will be under CCTV surveillance. Investing in this property will be indeed value for money. Thus Haryana Affordable Housing Gurgaon in the form of Orchard Avenue 2 by Signature Global exudes value for money.

6 Reasons Why Affordable Properties in Gurgaon are Good Investment Options

Owning a house is one of the best things a person can have. As living in a rented house is not said to be an easy task, and for your own dream house, Gurgaon has stored so many options in its bucket. There are many Affordable Housing Scheme In Gurugram. The desire of getting your own house, in any case, can prompt inconvenience if individuals extend their funds to satisfy it, so sticking on to the budget is one most important thing to follow so far. Be that as it may, delaying the buy till one collects the fundamental assets can likewise be an exorbitant recommendation—other than being disappointing. You can invest easily in Best Affordable Projects In Gurgaon to get higher profit returns

A starter home—affordable, littler—may not offer all that you had liked in a house, however acquiring it tends to be a monetarily smart move.

It works out to reward contrasted with living on lease or binge spending on a fantasy house by taking a huge home advance. What makes the recommendation far and away superior is that the administration has boosted buying reasonable homes for first-time purchasers.

The need for getting the best out of property speculation is constantly worrying and particularly with the numerous changes in the ongoing past, people still get worried about putting resources into the properties. The top of the line market has been experiencing stagnation and the best wager for wise speculation is investigating and find one perfectly reasonable or affordable property market zone. Affordable or Reasonable properties are said to be one better speculation since they help to tie down a decent ROI or help to give consistent income as a lease. Here are some reason why Affordable Housing Scheme In Gurugram is best for you

Endorsed Property

Tasks under the moderate accommodation that conspire are endorsed by the state and nation Planning Department of Haryana. Endorsement of the tasks by the Haryana government guarantees the legitimacy of the property as the purchaser can check the subtleties of the property on the official site TCP and be guaranteed.

Better returns 

Property is viewed as probably the greatest interest in the present time. While the costs of property continue fluctuating, reasonable lodging supposedly sustains its worth. This is one of the key focuses that the purchasers will have an extraordinary probability to profit by the property later on.

Appealing credit benefits

Any property costs an astounding sum for a normal white collar class man, and accordingly, taking an advance for the property is normal. While the premium sum on advances given by different banks may vary, there are not many sure benefits that moderate lodging advance gets. Under the new strategy, home advances up to Rs 35 Lakh will meet all requirements for the advantages under the need part loaning. Likewise, for the development of reasonable lodging Developers can take foundation subsidizing from budgetary organizations at a rate lower than 10.

Secure future

Since there are lower capital interests in Affordable Property In Gurgaon, , there is a generally safe in this speculation. Additionally, the homes can be put on the rent to get the arrival on venture. This makes “ affordable housing” a progressively alluring choice for the purchasers.

Reasonable costs

The administration has fixed the cost of the property which has decreased the plausibility of defilement by the developers. Nobody can sell the property past the fixed rate.

3 Reasons to Invest in Housing Project in Karnal

There are many places in India where you can invest, buy and earn. The city has been named as the development hall of Haryana, in light of which it is getting a charge out of full focus from property investors. With the development in private and business properties and housing projects in Karnal, the city is now seen among the top recorded urban communities seeing the blast in the land area. It is developing at a quick pace and has turned into an alluring goal in the province of Haryana. Simple availability to significant urban areas and arranged advancement has made Karnal a favored problem area for both land designers and purchasers. There is a lot of improvement of progressively moderate lodging units to accomplish housing for all in Karnal. With moderate lodging portion getting the great infrastructure in the current year’s spending limit, the property investors and builders are concentrating on minimal effort homes. The administration is additionally giving interest endowment on advances to moderate lodging. Here are some points why you should invest in Housing projects in Karnal :

Upcoming Education Hub

As we know that education plays a major role in the world of survival, and day to day existence to endure, Karnal is quick rising as the education center of the nation. With the nearness of a few best institute of the nation, Karnal is probably going to rise as the training center point in Haryana. Karnal has an enormous number of scholastic and research foundations, for example, the Directorate of Wheat Research (DWR), National Bureau of Animal Genetic, Resources (NBAGR), National Dairy Research Institute (NDRI), Indian Agricultural Research Institute (IARI), the Central Soil Salinity Research Institute (CSSRI). The coin has flipped and now it’s karnal’s turn to boost real estate development.

Better Connectivity

Karnal geographical and infrastructural advantages, property investments and focal points make Gurgaon a gigantic extension for land improvement here. Found deliberately on NH1, the city has the value of vicinity to Delhi, just as Chandigarh. These components are driving property buyers to pick Karnal as a potential booming real estate the destination for buyers and investors.

Amenities

Karnal has a mix of residential properties and real estates advantages with incorporated infrastructure for social insurance and instructive advantages that are commonly created in coordinated townships and urban areas. There are many Flats In Karnal and housing projects in Gurgaon. Other general facilities including are for continuous power supply, water supply, safe drinking water and considerably water harvesting systems.

Abundant green spread, simple availability from significant urban areas in the locale, arranged improvement and the one of a kind amalgamation of ethnic and cutting edge city life have made Karnal a most loved with engineers and purchasers alike. The city likewise has 16 government research establishments and is additionally home to numerous instructive and well-being focuses. Realty specialists are sure about the developing enthusiasm from financial specialists in Karnal, which has expanded its monetary development as well as situated it noticeably among the quickest developing urban communities of NCR making it a reality goal.

Solera Setting Milestone for Affordable Housing

Gurugram is known as a destination for luxurious and premium housing. The fast-paced development and expansion plan that the city is facing, has made it one among the highly expensive space to dwell. It has remained the most preferred place for corporates and companies to settle. The primary reason is due to its perfect geographic and demographic location with close proximity to Delhi. Gurugram also inhabits a large section of affordable housing in Delhi NCR.

The Haryana Urban and Development Authority (HUDA) and premium properties support developers with an incentive to build low-cost housing units. But, one of the prominent obstacles that homebuyers always face is the over promise and under deliverance from builders. According to Ficci-Grant Thornton- Escrowffer report, around 72 percent exchanges were made in a secondary segment, against 28 percent in the primary segment. This is the reason why homebuyers have been shying away to invest in properties and real estate industry. Delivery defaulters led to a downward trend in the sale of first under- construction home.

Signature Global, the principal real estate in making affordable housing in Gurugram, is all set to launch its Project Solera in sector 107, Gurgaon. The project was completed before the timeline and has placed Signature Global as the leader of affordable housing. The project has an ideal location, exemplary quality of construction with impeccable amenities at a reasonable cost. The project has strategically placed with Delhi being only 15 mins away, 5 mins from proposed metro station, 10 mins from NH 8 and 10 mins from IGI which adds more to its USP. Moreover, with zero GST on ready to move-on apartment makes it all the more attractive. Signature Global has worked with the spirit of our motto i.e. “Making India Affordable”. This is well evident with the projects that develop such as The Millenia Sector 37D, Roselia sector 95A, Grand Iva Sec 103, Orchard   Avenue, sector 93. 

Gurugram has been the most expensive destination of NCR, it’s almost unfeasible for people to afford a home or an apartment. And people usually end up renting a flat for life. To get associated with people aspirations and catering to the needs of people is important for strengthening the roots in the property sector.  Hence by handling Solera, our main objective lies at adding more value to people’s life and ‘Value-Based Housing’ elaborates Mr. Pradeep Aggarwal, Co-founder, and Director, Signature Global and chairman, National Council on Affordable Housing, ASSOCHAM.