Gurugram Become Top Priority for Investors to invest in Affordable Housing Sector
The Haryana model of affordable housing should be adopted by all States in India to provide housing for all. The Haryana model of affordable housing is considered to be the best one in place simply because of the viability and the vastness of projects in the pipeline. Flats are actually delivered to people in need, said Pradeep Aggarwal, chairman, Housing and Urban Development. The true measure of success is the actual on-the-ground delivery of affordable housing flats to customers who meet the prescribed criteria. Gurugram is the epicenter of Haryana’s affordable housing push, with approximately 125 affordable housing projects and more than one lakh units in various stages of development.
The Haryana Urban Development Authority (HUDA) Affordable Housing Scheme has a starting price of 26 lakhs plus 1% GST for a 2BHK unit. The government also provides a subsidy of 2.67 lakhs under PMAY. The entire allotment process is online and transparent, which gives home buyers and the investors’ confidence to invest in. As a result, investors are increasingly interested in investing in Gurugram’s affordable housing sector.
“Due to favorable government policies and other triggers such as the Delhi-Mumbai corridor, development of the Dwarka Expressway, and elevated roads, the number of affordable housing units to be created for people can easily rise to 2.5 lakh flats.” Signature Global, Pareena Homes, Zara, True Habitat, Pyramid Infratech, Breeze, and other prominent developers working in the affordable sector have delivered the projects on time which has earned the trust of investors and end users. Investors are increasingly attracted to the Gurugram region in order to earn excellent returns on their investments.
The success of Gurugrams affordable housing projects indicates a strong pent-up demand for quality homes, as well as investors’ confidence in the city’s growth and the upcoming exponential growth of the affordable sector. This establishes a track record of providing great value for money to investors, assisting in making this city the number one choice for investors.