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Affordable Housing Sector, a Ray of Hope for Homebuyers Needs an Immediate Push

Affordable Housing Sector, a Ray of Hope for Homebuyers Needs an Immediate Push

The New Year comes with new resolutions, new hopes, new prospective and a new budget as well. As the Budget 2021-22 is around the corner, the real estate industry experts start to speculate that the Finance Minister will announce a special package for the affordable housing segment. This will enable people buy affordable homes in pocket friendly prices.

The Corona virus pandemic has taught us the vitality of having own home. That’s why the demand for affordable housing projects has started arising from all over India especially from Gurgaon. People have started searching the best affordable projects in Gurgaon.

The project delivery deadlines have been pushed due to outbreak of COVID-19 which will further impact the schedules of projects due in 2021. In coming days, the financial budget 2021-22 will be presented and the real estate industry looks forward to augmented liquidity support from the Government.

Projects caught due to the need of capital are in awful constraint of cheaper loans that have longer repayment schedules. During the pandemic, the Union Government has announced a wide array of measures to boost the real estate sector such as loan moratorium and suspension of IBC. It has been seen that the construction sector requires further boost in terms of targeted announcements such as single-window clearances and industry status. There are many incredible affordable flats in Gurgaon from which you can choose your dream home. Some of the best affordable projects in Gurgaon include GLS South Avenue, Mahira Homes 95, ROF Atulyas, Signature Golf Green, Pyramid Midtown sector 59, MRG World the Balcony 93, Pyramid Infinity etc. These are some of the best affordable flats in Gurgaon that will enable you to find your dream home wisely.

Let’s find out what Mr Vikas Garg, MD, MRG World, counted amongst the best affordable projects in Gurgaon had said in an interview with the 99 acres

He said, “The real estate sector has gone through one of the worst business phases of all time in the year 2020. The pandemic has hit at the core and it will take some time to recover. The real estate sector expects significant support to the affordable housing sector. As this sector serves the economically weaker section of the society, the Union Government must announce special liquidity measures for the segment. It will not only strengthen the homebuyer’s sentiment but also encourage the entire sector to come up with new projects. People are eagerly waiting for more projects to come. With the Government’ focus on ‘Housing for All’ we are confident that the Finance Minister will announce facilitative measures for the sector.”